Wednesday, October 09, 2019
USO United States Oil Fund Longer Term Cycles & Elliott Wave / Commodities / Crude Oil
Firstly the USO instrument inception date was 4/10/2006. CL_F Crude Oil put in an all time high at 147.27 in July 2008. USO put in an all time high at 119.17 in July 2008 noted on the monthly chart. The decline from there into the February 2009 lows was in three swings. An a-b-c in red although it was a very steep pullback.
The bounce from the 2009 lows is a complex double three combination with a triangle “y”. This is w-x-y in red to end the blue wave (x). In either a bullish or bearish market this particular structure always makes a high or low in the initial wave “w”. Structures like this will be followed by a contracting or running triangle. In this case the structure ended in June 2014. The decline from those highs were very sharp again. However, this was in three swings again a-b-c in red to end the blue wave (y). This completed a three swing correction (w)-(x)-(y) in blue from the July 2008 highs. That is labeled ((b)) in black at the February 2016 lows.
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Wednesday, October 09, 2019
Gold in the Negative Real Interest Rates Environment / Commodities / Gold & Silver 2019
Many believe that negative interest rates will never arrive to the United States. This can’t possibly happen here. The discussions of their theoretical benefits almost remind you of the not-in-my-backyard mentality. But this is not true – they are already present in America. Hard to believe it? Hiding in plain sight, let’s take it a step further and look at gold in the negative real interest rates environment.
Many people believe that negative interest rates are the ailment of Europe and Japan, and that they will never materialize in the United States. But this is not true. They are already present in America. Can’t believe it? Please take a look at the chart below.
Wednesday, October 09, 2019
The Later United States Empire / Interest-Rates / US Debt
In 1917, the United States created the federal debt limit (or ceiling) to make it easier to finance World War One, essentially allowing Congress to borrow money to pay for the war effort by issuing bonds.
By 1939 with World War Two looming, Congress passed the first aggregate debt limit, but it meant little. For nearly 60 more years the debt ceiling caused nary a ripple, until 2011 when Congress delayed approval of the annual budget, nearly causing a government shutdown. Then a minority in the House of Representatives, Republicans balked at the $1.3 trillion deficit, the third largest in history, so Democrats suggested a $1.7 billion cut in defense spending, since the war in Iraq was winding down. The GOP wouldn’t agree to that, instead offering $61 billion in non-defense cuts including Obamacare. Finally the two sides agreed on $81 billion worth of cuts.
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Tuesday, October 08, 2019
Is There Life Left In Cannabis / Commodities / Cannabis
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Tuesday, October 08, 2019
Elizabeth Warren Charts Wealth-Raiding Warpath to the White House / ElectionOracle / US Presidential Election 2020
Despite the gravity of an impeachment inquiry that threatens to bring down the presidency of Donald J. Trump, markets have largely shrugged it off.
The reason? Odds of a two-thirds majority in the Republican-controlled Senate voting to remove Trump from office are slim.
What has Wall Street more concerned are the rising odds of Elizabeth Warren becoming the Democrat nominee for president. Her surge (and Joe Biden’s weakness) in the polls may have even contributed to some of last week’s stock market volatility.
Tuesday, October 08, 2019
Gold It’s All About Real Interest Rates Not the US Dollar / Commodities / Gold & Silver 2019
The Federal Reserve’s recent need to supply $100’s of billions in new credit for the overnight repo market underscores the condition of dollar scarcity in the global financial system. This dearth of dollars and its concomitant strength has left most market watchers baffled.
Since 2008, the Fed has printed $3.8 trillion (with a “T”) of new dollars in an effort to weaken the currency and boost asset prices--one would then think the world should now be awash in dollar liquidity. Yet, surprisingly, there is still an insatiable demand for the greenback, leading many to wonder what is causing its strength. And importantly for precious metals investors, there is a need to understand why this dreaded dollar strength has not served to undermine the bull market for gold.
Tuesday, October 08, 2019
A Trump Impeachment Would Cause The Stock Market To Rally / Stock-Markets / Stock Markets 2019
As the media highlights the potential impeachment process in the coming weeks, many are so concerned that this will be the “cause” of the market drop we are expecting. Yet, history suggests otherwise.
The narrative will certainly play out as follows: The market likes certainty and stability within our government. (Please ignore that this was the same reason many claimed that the market was going to crash if Trump was elected – yet we were pounding the table in expectations of a large rally). However, an impeachment proceeding places us into a very uncertain and unstable situation within our government. Therefore, the market will react negatively to that uncertainty.
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Tuesday, October 08, 2019
The Benefits of Applying for Online Loans / Personal_Finance / Debt & Loans
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Monday, October 07, 2019
Yield Curve Inversion Current State / Interest-Rates / Inverted Yield Curve
An inverted yield curve is basically when the yield on 2 year US government bond exceeds the 10 year US bond yield as worried investors opt to disinvest from risky assets in favour of safer longer term government bonds thus driving down long bond yields below that of nearer term bonds. And the closer the yield curve gets towards towards an inversion the greater the likelihood for a future recession. So far the yield curve inversion has successfully forecast the last 3 economic downturns in the United States. Though the YCI has proved less reliable elsewhere, especially for Australia.
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Monday, October 07, 2019
Silver Is Cheap – And Getting Cheaper / Commodities / Gold & Silver 2019
Silver is definitely cheap. By almost any standard of measurement, the price of silver is cheap. It is cheap relative to gold, it is cheap compared to its recent peak in 2011, and it is cheap historically. For some, that apparently means that silver is a bargain, too. I’m not so sure.
Those who tell us silver is cheap relative to gold say that silver’s price is likely to rise higher, relative to gold, going forward.
But a currently higher gold-to-silver ratio could also drop, favoring silver relative to gold, even if prices for both declined from here, rather than moving higher. In that case, silver’s price would not drop as much relative to gold.
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Monday, October 07, 2019
Stock Market Back to Neutral / Stock-Markets / Stock Markets 2019
Current Position of the Market
SPX: Long-term trend – There are no clear signs that the bull market is over.
Intermediate trend – We have started a correction of intermediate nature.
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.
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Monday, October 07, 2019
Free Market Capitalism: Laughably Predictable / Stock-Markets / Financial Markets 2019
Sector expert Michael Ballanger offers his observations on recent market fluctuations.
On Wednesday, as the kiddies were upset over a swooning S&P, then trading a paltry 5% from the all-time high of 3,027, I tweeted out this graphic that perfectly describes my cynical view of the paper markets around the world.
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Monday, October 07, 2019
Four Fundamental Reasons to Buy Gold and Silver / Commodities / Gold & Silver 2019
By Andy Hecht : Starting and June and through the beginning of September, gold and silver prices were back in bullish mode. Gold rose to its highest price since 2013 and silver to its peak since 2016. The nearby gold futures contract traded up to a high at just under $1560 per ounce. Silver peaked at just under $19.54.
Markets rarely move in a straight line, and corrections can be healthy for bull markets. A price retracement cleans out stale long positions and creates an environment that brings in new buyers. Some market analysts and traders believe that the two precious metals will experience a deeper correction, and lower prices are on the horizon. I believe that any price weakness in the gold and silver markets will turn out to be a buying opportunity. I remain bullish on the two metals that are the world’s oldest forms of currency. Gold and silver are means of exchange that have been around a lot longer than any of the legal tender in circulation around the world today.
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Monday, October 07, 2019
Gold and Silver Taking a Breather / Commodities / Gold & Silver 2019
This year at AOTH we have tackled a number of reasons for gold and silver’s rise, aiming to explain “in layman’s terms” what is behind the seemingly relentless move upward - despite the trend-busting reality of a high US dollar. We’ll get to that further down this article, but for now, we are summarizing all that we know about why now might be, in our opinion, an excellent time to be beefing up our gold/ silver bullion hoard, and doubling down on promising juniors exploring for precious metals.
Gold
Impeachment safe haven
Washington, DC is once again in turmoil. The talking news heads are all a-twitter over a whistleblower’s statement that President Donald J. Trump had a conversation with the president of Ukraine, about former vice-president Joe Biden, who is seeking the Democratic nomination to run against Trump in 2020.
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Sunday, October 06, 2019
Check Engine Warning Light ECU Dealer Diagnostic Cost - Land Rover Discovery Sport / ConsumerWatch / Land Rover
My Land Rover Discovery Sport has just gone out of the manufacturers 3 year warranty and up pops the dreaded yellow engine managment warning light which could be triggered by something simple as a the fuel cap, faulty sensor or as expensive as a major fault with the engine. And this landrovers only done 18,000 miles!
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Sunday, October 06, 2019
Natural Gas Reloads For Another Price Rally / Commodities / Natural Gas
As a technical trader, one has to really learn to appreciate when a trade “reloads” for another move higher. Much like the Gold base/bottom in April 2019 below $1300 that we called back in October 2018. When a trend confirms and we can see the potential for upside profits, but price performs a “deep pullback” withing that initial trend setup – it is almost like we're dreaming.
After the downside rotation in Gold setup in April 2019, the next move higher pushed Gold prices up to $1550 from levels near $1275 – what a great move that was. Now, imagine Natural Gas may give us another chance to get long below $2.30 with an upside target near $3.00 before mid-November? Incredible – right?
Sunday, October 06, 2019
Understanding and Purchasing different types of Plastic Building Materials Online / Companies / SME
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Sunday, October 06, 2019
Craig Hemke: Ignore the Elliott Wave “Buffoons” Calling for a Gold Crash / Commodities / Gold & Silver 2019
Mike Gleason: It is my privilege now to welcome back Craig Hemke of the TF Metals Report. Craig is a well-known name in the metals industry and runs one of the most highly respected websites in our space and provides some of the very best analysis on banking schemes, the flaws of Keynesian economics, and evidence of manipulation in the gold and silver markets that you will find anywhere.
Craig, welcome back, and thanks for joining us again. How are you today?
Craig Hemke: Mike, my friend, it's always a pleasure. Thanks for the invite.
Mike Gleason: Absolutely. Love to get you back on and thanks for the time. Well, the recent smash in the metals prices was reminiscent to what we saw in the markets in 2016, at least in silver. Prices ran higher up to about $20 an ounce and then got hammered back down where they continued trading in a range between about $14 and $17 until this year's breakout. Do you think we'll see the metals once again be put back into their box here or do you think it will be different this time around? I guess that's the million-dollar question for silver bugs, what do you think?
Sunday, October 06, 2019
Stock Market 6 Month Trend Forecast Conclusion - Video / Stock-Markets / Stock Markets 2019
Just when you thought things could not get any more chaotic and unpredictable up pop a series of market moving events such as the Iranians seeing red and firing 20 drones and missiles at Saudi oil infrastructure, knocking out 5% of the worlds oil supply. Though apart from the immediate spike in the crude oil price to $64, it does not appear to have resulted in a change in trend as the price has already settled into its well established $62.50 to $52.50 trading range which suggests the markets don't see this as the start of another gulf war.
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Saturday, October 05, 2019
The True Causes Behind the Yield Curve Inversion and Gold / Commodities / Gold & Silver 2019
By now, everyone and their brother has heard about the yield curve inversion. How come it has inverted and how much should we read into it? Is it really such a reliable indicator of an upcoming recession? Let’s dig into the true causes behind the inversion and find out what its meaning for the gold market.
Is the yield curve inverted? Well, it depends. Although the spread between the U.S. 10-year and 3-month Treasuries has normalized somewhat in September, it remained in negative territory. Meanwhile, after a short dip below zero in August, the spread between the U.S. 10-year and 2-year Treasuries spent time in positive territory, as the chart below shows.
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