Friday, November 22, 2019
Why You Should “Follow the Money” on The Yellow (and Silver) Brick Road / Commodities / Gold & Silver 2019
By: MoneyMetals
Since the Federal Reserve detached the dollar from the gold standard in 1971, the world's central bankers – with the Fed leading the charge, have flooded the world with fiat currency to the point of diminishing its purchasing power to shadow status.
A common belief during the early decades of the former Soviet Union's rise after 1917 was that, according to Marxist-Leninist theory, the West and capitalism would either self-destruct, or be "buried" by the superior economic platform being constructed for the proletariat by the USSR, and later Communist China.
But even the Great Depression, which in the West lasted from the Crash of 1929, and arguably into WWII, failed to do the trick.
Friday, November 22, 2019
The Worst Is Over For Oil Markets / Commodities / Crude Oil
By: OilPrice_Com
Some analysts see the world dodging a recession next year, which provides some upward room for oil prices.
Last week, the IEA warned last week that “the hefty supply cushion” building up in the first half of 2020 will cause OPEC+ problems as the group tries to balance the oil market. Part of the reason for another potential surplus is the steep drop in demand growth this year, forcing oil forecasters to make multiple downward revisions to their projections.
Read full article... Read full article...
Thursday, November 21, 2019
This Invisible Tech Stock Threatens Amazon with 800,000+ Online Stores / Companies / Amazon
By: Stephen_McBride
Have you heard of Dollar Shave Club?
It sells razors and other grooming products for men.
In just five years, it has grown into a $1 billion company and one of the biggest “personal care” brands in America… and it’s now threatening giants like Gillette and Schick.
You might be surprised to learn the company pulled this off without selling a single product in a physical store.
You can’t buy its razors or aftershave in Walmart, Target, Costco, or anywhere else in the “real world.” It only sells its products on the internet.
Now here’s the truly shocking thing...
Thursday, November 21, 2019
Crude Oil Price Begins To Move Lower / Commodities / Crude Oil
By: Chris_Vermeulen
Recently, we posted a multi-part research post suggesting a collapse in Crude Oil could be setting up and how we believe this decline in energy prices may lead to a broader market collapse in the near future. Crude oil fell more than 3% on November 19 in what appears to be a major price reversal. On November 20, inventory levels and other key economic data will be presented – could the price of oil collapse even further over the next 60+ days?
Here is a link to our most recent multi-part article about Crude Oil from November 13 (just a week ago): https://www.thetechnicaltraders.com/what-happens-to-the-global-economy-if-oil-collapses-below-40-part-i/
Read full article... Read full article...
Thursday, November 21, 2019
Cracks Spread in the Precious Metals Bullion Banks’ Price Management System / Commodities / Gold & Silver 2019
By: MoneyMetals
Department of Justice prosecutors charged a sixth JPMorgan executive for cheating in the precious metals markets.
Jeffrey Ruffo stands accused of racketeering and spoofing metals prices from 2008 - 2016, along with other crimes including conspiracy to commit wire fraud.
The indictment outlines nearly a decade spent coordinating with other traders in JPMorgan’s precious metals department to rig prices. The activity includes thousands of fraudulent trades placed for two purposes.
Wednesday, November 20, 2019
Why Record-High Stock Prices Mean You Should Buy More / Stock-Markets / Stock Markets 2019
By: Stephen_McBride
Nobody wants to be the schmuck who bought stocks at the tippy-top.
Did you check your 401(k) this week? If so, you surely noticed US stocks hit new all-time highs. And the S&P 500 is now on track for its best year since 1996.
How does this make you feel in your gut? Are you happy stocks are achieving new highs? Or does it scare you... tempt you to sell all your stocks… and run for cover?
Wednesday, November 20, 2019
This Invisible Company Powers Almost the Entire Finance Industry / Companies / Tech Stocks
By: Stephen_McBride
Justin Spittler :
The days of going to a bank are coming to an end.
In the past 10 years, 15,000 bank branches have shut their doors for good. And foot traffic to banks has fallen by 50%. Bank branches are shutting down left and right for a simple reason... They’re useless!
These days, you can deposit a check by taking a photo with your phone. You can open a bank account or order a new credit card in five minutes over the internet. You can even take out a mortgage without ever seeing a human banker, thanks to disruptive services like Quicken Loans.
And it’s not just banks. Digital disruption is eating away at every “old” business model in finance. Everyone from stockbrokers to financial planners is under assault.
Wednesday, November 20, 2019
Zig-Zagging Gold Is Not Necessarily Bearish Gold / Commodities / Gold & Silver 2019
By: P_Radomski_CFA
In Friday’s article, we wrote that what comes up must correct and gold has indeed shown to be in a corrective mode. We also wrote that the yellow metal was unlikely to break below the 61.8% Fibonacci retracement based on the previous upswing and while gold moved to this level earlier today, it didn’t break below it. At least not in any significant way – the few cents below this level doesn’t really count. Let’s take a closer look at gold’s overnight chart to see what the decline means.
Wednesday, November 20, 2019
Legal Status of Cannabis Seeds in the UK / Commodities / Cannabis
By: Submissions
...
Wednesday, November 20, 2019
The Next Gold Rush Could Be About To Happen Here / Commodities / Gold and Silver Stocks 2019
By: OilPrice_Com
....
Tuesday, November 19, 2019
China's Grand Plan to Take Over the World / Economics / China US Conflict
By: John_Mauldin
When the US and ultimately the rest of the Western world began to engage China, resulting in China finally being allowed into the World Trade Organization in the early 2000s, no one really expected the outcomes we see today.There is no simple disengagement path, given the scope of economic and legal entanglements. This isn’t a “trade” we can simply walk away from.
But it is also one that, if allowed to continue in its current form, could lead to a loss of personal freedom for Western civilization. It really is that much of an existential question.
Read full article... Read full article...
Tuesday, November 19, 2019
Interest Rates Heading Zero or Negative to Prop Up Debt Bubble / Interest-Rates / Negative Interest Rates
By: MoneyMetals
Mike Gleason: It is my privilege now to welcome back the one and the only Gerald Celente, publisher of the renowned Trends Journal. Mr. Celente is a frequent guest on the Money Metals Podcast and is perhaps the most well-known trends forecaster in the world. And it's always great to have him on with us.
Gerald, thanks for the time again today, and welcome back.
Gerald Celente: Oh, my pleasure. Thanks for having me on.
Mike Gleason: Well, Gerald, since we spoke last in August, the Federal Reserve has begun propping up the repo markets, and they resumed buying government debt. They tell us the program on bond purchases should in no way be confused with prior bond purchasing programs, also known as Quantitative Easing. They don't want us to worry about it. Just a little extra boost for an economy struggling with some fears over trade and a minor temporary problem in the repo markets is what they're saying. The only trouble is that hundreds of billions of dollars are involved so far, and it could wind up being trillions. So once again, the Fed is shoveling freshly-printed cash at banks and the Treasury Department. What is your guess as to why the Fed has engaged in this stealth bailout, and why aren't more people talking about it?
Tuesday, November 19, 2019
Plethora of Potential Financial Crisis Triggers / Stock-Markets / Financial Crisis 2019
By: Jim_Willie_CB
The US-based bond market is in tragic condition. All the bonds in US financial markets reek of rigged prices and inflated values. It is not a single bond sector, but rather all bond sectors that are in deep trouble, against a background of multi-year economic recession. The USTreasury Bonds, given the over $1.0 trillion in supply and widespread absence of buyers, deserves a 10% yield. The stolen missing $21 trillion amplifies the vacant value, from a grand crime scene. It is a wonder that investigator Professor Skidmore of Michigan State Univ has not been charged with financial terrorism. The USTBond market is teetering, kept afloat by overnight enormous slugs of fake money, which in early November was over $250 billion on a daily basis. If it was put onto the USFed balance sheet, on an increasingly frequent basis, then it is called QE. Better get real, and call it what it actually is – INFINITE Q.E. FOREVER. The Gold price is preparing the next launch platform.
Tuesday, November 19, 2019
Trade News Still Relevant? / Stock-Markets / Stock Markets 2019
By: Andre_Gratian
Current Position of the Market
SPX: Long-term trend – There are no clear signs that the bull market is over.
Intermediate trend – Most likely building an intermediate top.
Analysis of the short-term trend is done on a daily basis with the help of hourly charts. It is an important adjunct to the analysis of daily and weekly charts which discusses the course of longer market trends.
Read full article... Read full article...
Tuesday, November 19, 2019
Comments on Catena Media Q3 Report 2019 / Companies / Corporate Earnings
By: Submissions
...
Monday, November 18, 2019
Venezuela’s Hyperinflation Drags On For A Near Record—36 Months / Economics / HyperInflation
By: Steve_H_Hanke
Venezuela is the only country in the world that is suffering from the ravages of hyperinflation. But, you wouldn’t know it from reading the press, where playing fast and loose with words is commonplace. Indeed, the word “hyperinflation” is thrown around carelessly and misused frequently, with claims that multiple countries are suffering from hyperinflation. The debasement of language in the popular press has gone to such lengths that the word “hyperinflation” has almost lost its meaning.
So, just what is the definition of this oft-misused word? The convention adopted in the scientific literature is to classify an inflation as a hyperinflation if the monthly inflation rate exceeds 50%. This definition was adopted in 1956, after Phillip Cagan published his seminal analysis of hyperinflation, which appeared in a book, edited by Milton Friedman, Studies in the Quantity Theory of Money.
Read full article... Read full article...
Monday, November 18, 2019
Intellectual Property as the New Guild System / Economics / Economic Theory
By: Frank_Hollenbeck
The standard justification for intellectual property — i.e., patents and copyrights and trademarks — is that the creative process would be significantly reduced if such protection did not exist. The underlying assumption is that the financial reward must be augmented by a grant of exclusivity enforced by the coercive power of government. Because we can freely copy an invention, innovation or other creative ideas, a financial reward is viewed as necessary for these intangible ideas unlike a tangible object sold in the marketplace.
But did inventors or artists starve before IP laws? The answer is no because they benefited from the first-to-market advantage. Boldrin and Levine explain how during the 19th century British authors with IP protection in the UK would sometimes make more money off their non-IP protected US sales by reaching an agreement (a contract) with a US publisher and then flooding the US market with cheap original copies.1 Since any potential copycat will wait to see if an idea is successful, the gains of being first-to-market could be substantial. Many drug makers retain important market share on a drug even though their patent protection has expired and the market is awash with cheaper generic alternatives. There are also many other indirect ways to profit from creative ideas. Many artists make more money off concerts and other appearances than from the original digital sales of their song.
Read full article... Read full article...
Monday, November 18, 2019
Gold Mining Stocks Q3’ 2019 Fundamentals / Commodities / Gold and Silver Stocks 2019
By: Zeal_LLC
The major gold miners just enjoyed a phenomenal quarter for gold, which soared after its first bull-market breakout in years. Q3’19’s much-higher prevailing gold prices should’ve driven soaring earnings for the miners, due to their big inherent profits leverage to gold. So this just-completed Q3 earnings season is the most important for this sector in a long time. Did the gold miners’ fundamentals indeed radically improve?
Four times a year publicly-traded companies release treasure troves of valuable information in the form of quarterly reports. Required by the US Securities and Exchange Commission, these 10-Qs and 10-Ks contain the best fundamental data available to traders. They dispel all the sentiment distortions inevitably surrounding prevailing stock-price levels, revealing corporations’ underlying hard fundamental realities.
The definitive list of major gold-mining stocks to analyze comes from the world’s most-popular gold-stock investment vehicle, the GDX VanEck Vectors Gold Miners ETF. Launched way back in May 2006, it has an insurmountable first-mover lead. GDX’s net assets running $11.8b this week were a staggering 40.2x larger than the next-biggest 1x-long major-gold-miners ETF! GDX is effectively this sector’s blue-chip index.
Read full article... Read full article...
Monday, November 18, 2019
The Best Way To Play The Coming Gold Boom / Commodities / Gold and Silver Stocks 2019
By: OilPrice_Com
...
Sunday, November 17, 2019
What ECB’s Tiering Means for Gold / Commodities / Gold & Silver 2019
By: Arkadiusz_Sieron
In a key policy shift, the ECB has recently introduced tiered system of interest rates. This news isn’t of interest only to the banks keeping their reserves at the ECB. In today’s article, you’ll learn about the new instrument of monetary policy, and find out what it implies for the gold market.
If you think that monetary policy in the United States is crazy, you are right. But in Europe, it is even stranger (and in Japan, it is really insane). As you probably remember, in September, the ECB introduced a package of measures to ease monetary policy further in the face of sluggish economic growth and subdued inflation. In particular, the Governing Council resumed quantitative easing (the bank will be purchasing €20 billion of assets monthly), eased the conditions for TLTRO operations, strengthened the forward guidance strategy, and – the crème de la crème – cut the deposit rate by 10 basis points from -0.40 to -0.50 percent, as the chart below shows. The ECB used, of course, all these instruments already in the past. What is really new is the introduction of the tiering system. How does it work and what could be its consequences for the euro area economy and gold prices?
Read full article... Read full article...