Wednesday, September 25, 2019
Gold not in Real Bull Market Yet / Commodities / Gold & Silver 2019
By: Jordan_Roy_Byrne
Is Gold now back in a bull market? Most gold bugs think so and are quick to proclaim that.
But, could Gold remain in a secular bear market? It hasn’t made a new all time high in 8 years and the perma-bull, financial asset loving crowd certainly believes so.
This is semantics because what really matters is making money and nothing else.
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Wednesday, September 25, 2019
5 Fool-Proof Ways to Keep Your Home Tech-Compatible / Personal_Finance / Technology
By: Justin_Weinger
Technology changes more rapidly now than it has at any time in the past. Keeping up with the latest advances in technology means home improvements to accommodate them. First-time homeowners who want to future proof their homes should look to where technology is headed. That being said, here are a handful of ways you can help future-proof your home.
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Tuesday, September 24, 2019
The Repo Liquidity Crunch Reveals Market Stress. Will Gold Shine? / Commodities / Gold & Silver 2019
By: Arkadiusz_Sieron
Last week, the Fed had to inject liquidity into the repo market for the first time since the Great Recession. Not once, but several times – and also commit to do more. Will such a crack in the proverbial dam let gold’s allure shine?
Scramble for Liquidity Pushes Rates Up
The focus last week was on the FOMC decision to cut interest rates. But a real drama was unfolding in the background. The Fed injected $278 billion into the securities repurchase, or “repo,” market over four days, to stabilize short-term interest rates and to calm the repo market scrambling for liquidity. More precisely, the U.S. central bank injected $53 billion in overnight repurchase agreement on Tuesday, followed by $75 billion re-open on Wednesday, then on Thursday and on Friday as well.
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Tuesday, September 24, 2019
Commitment From Stock Bulls / Stock-Markets / Stock Markets 2019
By: Ricky_Wen
Monday’s session showcased commitment from bulls as they defended against last week’s 2980.75 key range low support on the Emini S&P 500 (ES) with a double-bottom low at 2982 during Globex trading. Price remained above the daily 20 EMA in the 2970s as the whole range day ground slowly higher with higher lows and higher highs into the regular trading hours (RTH) closing print.
The main takeaway is that the smaller range of 2980-3025 is taking place within the overall 2955-3025 range of the past couple weeks. Everybody and their mother seems to be waiting for this high level consolidation/digestion to complete and for the move toward new all-time highs as we head into next Monday’s quarter end and into October.
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Tuesday, September 24, 2019
Is Silver About To Become The Super-Hero Of Precious Metals? / Commodities / Gold & Silver 2019
By: Chris_Vermeulen
If you’ve been following our research, you already know how accurately we’ve been nailing the precious metals price moves. We’ve been calling Gold and Silver accurately since early 2018 and continue to focus a good portion of our efforts in studying these incredible setups. Let’s have a little fun and start with two charts from near July 20, 2019, to help our followers understand what we’ve been expecting, but first, be sure to opt-in to our free market research newsletter
This first Monthly Silver chart highlights what we believed would be the approximate wave structure of the silver price advance going forward. We did not attempt to accurately time these peaks of valleys, we simply used our Fibonacci Price Amplitude Arcs to allow price to tell us where these peaks may form. From those levels, we used our best “guess” to identify the trough bottoms.
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Tuesday, September 24, 2019
Banksters Finally Hit with Racketeering Charges– Better Late Than Never! / Companies / Banksters
By: MoneyMetals
JPMorgan Chase and other bullion banks spent most of a decade screwing clients and investors who were naive enough to expect a fair shake in the precious metals futures markets. It was a solid racket.
Yet claims of price rigging were simply dismissed by financial journalists and regulators as conspiracy theory. The banks’ defenders were bolstered by a 5-year-long investigation by the compromised Commodity Futures Trading Commission (CFTC) which ended without a single banker being prosecuted.
Tuesday, September 24, 2019
The 60/40 Stocks Portfolio Is Riskier Than Ever / Portfolio / Investing 2019
By: John_Mauldin
As investors we have to make assumptions about the future. We know they will likely prove wrong, but something has to guide our asset allocation decisions.Many long-term investors assume stocks will give them 6–8% real annual returns if they simply buy and hold long enough.
Pension fund trustees hire consultants to reassure them of this “fact,” along with similar interest rate and bond forecasts, and then make investment and benefit decisions.
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Tuesday, September 24, 2019
Watching Paint Dry in the Repo Market / Interest-Rates / US Interest Rates
By: Michael_Pento
The world of fixed income trading has been extremely volatile lately. Rates have not only spiked in the Treasury market but borrowing costs in money markets have also become extremely disconcerting. The residual effects from Quantitative Tightening, which ended just this past July, are wreaking havoc on the liquidity in bond markets. Ironically, the Fed’s erstwhile rate hikes and its QT program--what Fed Chairs described as running in the background and like watching paint dry—turned out to be the catalyst for a freeze in the junk-bond market in December of 2018 and is now causing major disruption in the Repo market.
This illustrates clearly the tenuous nature of the bond bubble and that it will someday implode like a supernova---sending yields skyrocketing on a long-term basis. However, it most likely does not yet mark the start of the epoch debt bubble debacle that is in store. We will need a surge of inflation expectations, or the credit markets to shut down on a protracted basis for that to occur. We are moving closer to that eventuality every day.
Tuesday, September 24, 2019
Surprising Advantages Of Investing In Gold, A 50 Year Historical Analysis / Commodities / Gold & Silver 2019
By: Dan_Amerman
One of the most common reasons to buy gold is to use it as a stable store of value. This analysis uses 50 years of history to test that common belief, and finds it woefully lacking - for it misses the best parts of investing in gold.
The graph below will be developed, and we will show that gold is instead a more sophisticated (and desirable) investment than most people realize. When properly understood, gold can deliver unique advantages to knowledgeable investors, and it can be put to much better uses than just acting as a mere stable store of value.
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Tuesday, September 24, 2019
Crude Oil Price Volatility Returns / Commodities / Crude Oil
By: Avi_Gilburt
By Andy Hecht: Crude oil is the energy commodity that powers the world. Over half of the world’s petroleum reserves are in the Middle East, which is the most turbulent political region on the face of the earth. Meanwhile, the United States is the leading consumer of crude oil.
For many years, the US dependence on Middle Eastern oil contributed to its price variance. The Arab-Israeli War in the 1970s led to an oil embargo and gasoline shortages in the US. When I first got my driving license, the US was on a program where gas was only available on alternate days each week depending on if a license plate had an odd or an even last digit. In 1979, the Islamic revolution in Iran led to a hostage crisis and supply concerns in the oil market.
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Tuesday, September 24, 2019
UKGC: Features & Duties - Gambling Commission / Personal_Finance / Gambling
By: Submissions
The internet development brought a new form of gambling in the UK and in 1994 the first virtual casino was released which was powered by software developer Microgaming. Then, other casinos were launched that catered to the gambler’s needs.
The UK Gambling Act was signed in 2005 and the Gambling Commission was established under this Gambling Act. Apart from regulating commercial gambling, this authority has also controlled the British National Lottery since 2013 in the UK under the National Lottery Act 1993.
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Monday, September 23, 2019
Silver and the Yield Curve Inversion / Commodities / Gold & Silver 2019
By: Hubert_Moolman
Yield curve inversions have historically been great for silver prices. Currently we are experiencing such a phenomena, and again it is evidence of conditions that are conducive to some impressive silver rallies.
Below, is a long-term chart showing the spread between the 10-year Treasure Note Yield and the 3-month Treasury Bill Rate.
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Monday, September 23, 2019
Comparing Gold Producers to Main Stream Stocks / Commodities / Gold and Silver Stocks 2019
By: Peter_Degraaf
Long term trends take a long time to reverse. One such trend compares gold mining stocks to the S&P 500 stocks. From 2002 until 2011 gold mining stocks outperformed generic stocks, as can be seen in the following chart. (Charts courtesy Stockcharts.com).
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Monday, September 23, 2019
The Incredible World of Gold Stock Chartology / Commodities / Gold and Silver Stocks 2019
By: Rambus_Chartology
Tonight I would like to start out by looking at the old ratio combo chart that has the GOLD:XAU ratio chart on top with the XAU on the bottom. I’m not going to go over all the details the ratio combo chart has, only to emphasize the 20 year 6 point parabolic arc which shows how gold had been outperforming the XAU until the small double top at 24.33 in late 2015. When the parabolic arc was broken to the downside in early 2016 that strongly suggested that it was going to be the XAU’s turn to outperform gold.
Initially, you can see the sharp vertical move down that broke the back of gold outperforming the XAU at 12.50. From the low in early 2016 the ratio had been building out the blue rising flag until the bottom rail was broken to the downside just 3 months ago in June. Since then the ratio has been in backtest mode to the bottom rail of the rising flag which looks like it could be coming to an end which shows up better on the weekly chart we’ll look at later.
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Monday, September 23, 2019
... / Companies / Tech Stocks
By: OilPrice_Com
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Monday, September 23, 2019
Stocks Wedge At The Edge – Front And Center / Stock-Markets / Stock Markets 2019
By: Chris_Vermeulen
We continue to alert our followers of the extended Wedge (Flag or Pennant) formation that has setup over the past 16+ months in most of the US major indexes. The reason these are so important for skilled technical traders is because the Apex of these formations typically result in a violent price move that may result in a dramatic profit opportunity (or massive risk event). The most interesting facet of the current Wedge formation is that it is happening just 12 months before the US Presidential Election cycle.
It is our believe that a major price reversion event will begin to take place over the next 2 to 6+ weeks and complete near the end of 2019 or into early 2020. This reversion event is and continues to align with our super-cycle event analysis from earlier this year. Our researchers believe this reversion event is essential for price to establish “true valuation levels” and to begin a renewed future price trend. We believe that trend will begin between June 2020 and August 2020 and will result in a strong bullish price trend. We also believe this bullish price trend in the US stock market may last well beyond 12+ months – well into 2021 and beyond.
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Monday, September 23, 2019
Stock Market Top Almost Confirmed / Stock-Markets / Stock Markets 2019
By: Andre_Gratian
Current Position of the Market
SPX: Long-term trend – Finallong-term phase on the way? How much longer, is the question.
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, September 23, 2019
Zimbabwe's New Currency Collapses and Inflation Surges / Economics / Inflation
By: Steve_H_Hanke
The most important price in an economy is the exchange rate between the local currency and the world’s reserve currency — the U.S. dollar. As long as there is an active black‐market (read: free market) for currency and the data are available, changes in the black‐market exchange rate can be reliably transformed into accurate estimates of countrywide inflation rates—if the annual inflation rates exceed 25%. The economic principle of Purchasing Power Parity (PPP) allows for this transformation.
I compute the implied annual inflation rates with high‐frequency data and report them on a daily basis. PPP is used to translate changes in the black‐market exchange rates into annual inflation rates. For the countries that I follow each day, the table below shows the annual rates for the six countries with the highest inflation rates.
Monday, September 23, 2019
Thomas Cook COLLAPSE! 300,000 Passengers Stranded, Flights Cancelled, Planes Grounded / ConsumerWatch / Airline Sector
By: HGR
One of the world's oldest and largest travel companies, Thomas Cook has gone bust, ceased trading, all planes have been grounded whilst all planes in the air have been ordered to return back to the UK and all booked future flights and holidays have been cancelled. With the Thomas Cook website stating that the company has entered into compulsory liquidation.
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Sunday, September 22, 2019
Massive Stock Market Price Reversion May Be Days or Weeks Away / Stock-Markets / Stock Markets 2019
By: Chris_Vermeulen
Our researcher team believes a massive global market price reversion/correction may be setting up and may only be a few days or weeks away from initiating. Our team of dedicated researchers and market analysts have been studying the markets, precious metals, and most recently the topping formation in the ES (S&P 500 Index). We believe the current price pattern formation is leading into a price correction/reversion event that could push the US major indexed lower by at least 12 to 15%.
Historically, these types of price reversion events are typically considered “price exploration”. Over time, investors push a pricing/valuation bias into the markets because of expectations and perceptions related to future market valuations and outcomes. What happens when these current valuation levels and future expectations shift perspective from optimistic to potentially overvalued is that a price reversion event takes place. This happens when investors shift focus, determine value exists at a different price level and abandon previous valuation expectations.
The rotation in price is actually a very healthy process that must take place from time to time. The structure of price waves (for example Elliot Wave, Fibonacci, Japanese Candlestick, Gann and other price theories) are based on this process of price rising to overbought levels, then retracing to oversold levels – again and again as price trends higher or lower. This is the process of “price exploration” – just as we are describing. In order for price to trend higher or lower over time, price must move in the wave like pattern to identify true value (retracement/reversion) and extended value (a rally or selloff) in a type of wave formation.
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