Sunday, August 19, 2018

Venezuela's Great Bolivar Scam, Nothing but a Face Lift / Currencies / HyperInflation

By: Steve_H_Hanke

In the days leading up to Venezuela’s currency reform, which is set for August 20th, the bolivar has taken yet another deep dive.  The chart below shows the bolivar’s free fall and the massive gap between the official exchange rate of 248,521 VEF/USD and the black-market (read: free-market) exchange rate of 6,670,079 VEF/USD.  That gap results in a whopping black market premium of 2,584%.  It also produces huge profits for Maduro’s cronies who have access to the official rate.  They can purchase greenbacks for peanuts and sell them on the black market for an instantaneous profit of 2,584%.

Sunday, August 19, 2018

Heavy Truck Sales Sending a Bullish Sign for Stock Market / Stock-Markets / Stock Markets 2018

By: Troy_Bombardia

As you probably already now, Heavy Truck Sales recently made a new high for this economic expansion.

Saturday, August 18, 2018

Why Oil Prices Fell -- Stockpiles or Price Pattern? / Commodities / Crude Oil

By: EWI

You be the judge...

Let's cut right to the chart below. The shaded triangle highlights the dramatic price action in crude oil prices on August 15, when crude plummeted 3% to its lowest level in over nine weeks.

Saturday, August 18, 2018

Why The Uranium Price Must Go Up / Commodities / Uranium

By: Richard_Mills

The Trump Administration is at it again. On July 18 the financial press got ahold of a story that said the next target of the Trump tariffs is likely to be the uranium/ nuclear energy sector. In what looks like a repeat of what happened with steel and aluminum, the White House said it would investigate whether uranium imports threaten national security, given how dependent the United States is on the nuclear fuel. If the sector is threatened - and why wouldn’t it be, where 90% of the uranium needed for American nuclear reactors comes from abroad - import tariffs would likely be imposed.

If that happens, it would hurt nuclear power plants, who are already struggling with low electricity prices and flat demand, Bloomberg noted in reporting the story.

Saturday, August 18, 2018

Land Rover Discovery Sport 90% Motorway Driving MPG Fuel Economy in ECO Mode / ConsumerWatch / Motoring

By: N_Walayat

This is the latest video in out Land Rover Discovery Sport's series that answers the question of what to expect in terms of fuel economy for this great looking Land Rover model as compared against Land Rovers sales pitch of 53.3 MPG, which in reality no one really expects to achieve. Still here is what to expect from a 2 year old Land Rover Discovery Sport in the month immediately after a full dealer service, with 90% of the driving down on Britain's motorways such as the M1, M6 and A1 roads on road trips from Sheffield to London, Warrick, and Blackpool and back.

Saturday, August 18, 2018

GDX Gold Mining Stocks Q2’18 Fundamentals / Commodities / Gold and Silver Stocks 2018

By: Zeal_LLC

The major gold miners’ stocks plummeted in brutal cascading selling this week as stops were run.  That shattered strong multi-year support, devastating sentiment among the handful of contrarians remaining in this forsaken sector.  With fear and despair extreme, it’s critical to take a deep breath and get grounded in the gold miners’ just-reported Q2’18 fundamentals.  They reveal if this surprise anomalous plunge was justified.

Four times a year publicly-traded companies release treasure troves of valuable information in the form of quarterly reports.  Companies trading in the States are required to file 10-Qs with the US Securities and Exchange Commission by 45 calendar days after quarter-ends.  Canadian companies have similar requirements.  In other countries with half-year reporting, many companies still partially report quarterly.

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.  Its composition and performance are similar to the benchmark HUI gold-stock index.  GDX utterly dominates this sector, with no meaningful competition.  This week GDX’s net assets are 33.4x larger than the next-biggest 1x-long major-gold-miners ETF!

Friday, August 17, 2018

Free The Press / Politics / Censorship

By: Raul_I_Meijer

Two thirds of Americans want the Mueller investigation (inquisition, someone called it) over by the midterm elections. Trump lawyer Rudy Giuliani has said that if Mueller wants to interview Trump, he’ll have to do so before September 1, because the Trump camp doesn’t want to be the one to unduly influence the elections. Mueller himself appears to lean towards prolonging the case, and that may well be with an eye on doing exactly that.

And there’s something else as well: as soon as the investigation wraps up, Trump will demand a second special counsel, this time to scrutinize the role the ‘other side’ has played in the 2016 presidential election and its aftermath. He’s determined to get it, and he’ll fire both Jeff Sessions and Rod Rosenstein if they try to stand in his way.

Friday, August 17, 2018

SPX Losing Gains / Stock-Markets / Financial Markets 2018

By: Anthony_Cherniawski

SPX futures are losing yesterday’s gains as selling in the world markets returns. The index appears to be challenging Short-term support at 2835.51 at this time. This morning the SPX E-mini futures and options expire at the open. It is unusual to see the selling begin before expiration. As a result, this may cause more selling for the regular options that expire later today.

ZeroHedge reports, “A sense of "risk off" has returned to the the market, with 10Y yields sliding, the dollar rebounding from session lows and the Turkish Lira resuming its plunge, renewing concerns about emerging market contagion, leading to a "red return" across global market monitors, following yesterday's torrid surge in the S&P500.”

Friday, August 17, 2018

Economic Expansion - Nine Years. Is That Enough? / Economics / US Economy

By: Arkadiusz_Sieron

Nine years. Is it short or long? It depends on what we are talking about. In the geological time scale, it’s a blink of an eye. But in the business cycle time scale, nine years is a really long time. The current economic expansion has recently turned 9 years old, as the Great Recession ended in June 2009, according to the NBER. With 109 months of economic prosperity (as of July 2018), the current cycle is now the second longest in the U.S. history (and data traces back to the 1850s), overshadowed only by the expansion which occurred between March 1991 and March 2001.

Friday, August 17, 2018

What Gold Is Not / Commodities / Gold and Silver 2018

By: Gary_Tanashian

I was reading a post by Martin Armstrong called…

Gold and the Changing Fundamentals

…and in it he published a question from an email sent by a reader:

“Mr. Armstrong; You are obviously the person worth listening to when it comes to gold. Every fundamental these people have argued to support gold has proven completely false. Confusion in gold is really very high. You have to be really stupid at this point to listen to this nonsense. Can you express any opinion on gold?”

Friday, August 17, 2018

What Is The Future Of Turkish Lira? / Currencies / Turkey

By: ElliottWave-Forecast

Turkish Lira dropped nearly 30% since Friday, 10th August 2018 and one stage and has since recovered nearly half of the losses and now trading at 6.4093 which is still nearly 15% below where it was last Friday. We know that US President Donald Trump doubled Tariffs on Steel and Aluminium Imports from Turkey on Friday which is said to be the reason for the sharp decline in Turkish Lira (rally in USDTRY). In this blog, we take a look at the Elliott Wave structure of USDTRY and explain why the spike higher stopped where it stopped.

Friday, August 17, 2018

Is the US Dollar About to Trigger a Stock Market Meltdown? / Stock-Markets / Stock Markets 2018

By: Graham_Summers

One of the greatest Fed gaffes in history was former Fed Chair Ben Bernanke’s 2007 claim that the subprime meltdown was “contained” and would not “seriously hurt the economy.”

What followed was the 2008-Crisis… the largest, most systemic crisis in 80 years.

Friday, August 17, 2018

Is Now the Time to Buy Gold and Silver for a Short Term Bounce? / Commodities / Gold and Silver 2018

By: Troy_Bombardia

Gold and silver crashed yesterday, particularly silver.

Friday, August 17, 2018

US Dollar Index Mini Crash Forecast / Currencies / US Dollar

By: Austin_Galt

Latest Price – 96.57

Previous analysis updated – previous daily chart analysis was a bust. There remains no change to the overall outlook.

Daily Chart

Friday, August 17, 2018

Why Gold Should Be Accumulated At These Levels / Commodities / Gold and Silver 2018

By: Hubert_Moolman

Here are a few reasons why gold should be accumulated at these levels:

1. Rising Interest Rates

Although gold rose significantly from 2001 to 2011, it was not really the ideal conditions. There were many reasons for conditions not being ideal, such as: rising stock markets and major commodities like oil (more markets rising means more competition for investment).

Thursday, August 16, 2018

Dollargeddon - Gold Price to Soar Above $6,000 / Commodities / Gold and Silver 2018

By: P_Radomski_CFA

In our regular gold trading alerts, we focus on the short- and medium-term outlook and we rarely discuss the very long-term issues or price targets. The reason is simple – the long-term issues and price targets don’t change often, so usually there’s little new to say about them. Consequently, it’s been a long time since we last discussed our view on gold’s explosive upside potential. In fact, it’s been so long that those who do not take the time to read our analyses thoroughly and those who have been reading them for only a short while may think that we are bearish on gold in the long run. Or that we’re perma-bears. Naturally, it’s nonsense and those who have been diligently following our articles know it. What we’re aiming for is to help investors position themselves to make the most of the upcoming rally in the precious metals market and one of the best ways to do it is to help people prepare for the final bottom in gold.

Of course, buying close to the bottom is pointless unless a big rally is going to follow. In today’s analysis we want to tell you how big this rally is likely to be. Well, you have already read it in the title of this article, but the key question is if the above is just a simple round number that we “wish” gold to reach, or if it is based on reasonable arguments. We don’t want you to take our word for it – we’ll show you how we arrived at $6,000 as the minimum target for gold.

Thursday, August 16, 2018

Stock Market Higher Again, Correction Over? / Stock-Markets / Stock Markets 2018

By: Paul_Rejczak

Stocks continued lower yesterday, as investors' sentiment worsened following the Turkey crisis, trade war fears, U.S. dollar rally.  Will the S&P 500 index break below 2,800 mark? Or is this some bottoming pattern before an upward reversal?

The U.S. stock market indexes lost between 0.6% and 1.2% on Wednesday, extending their short-term downtrend, as investors' sentiment further worsened. The S&P 500 index got very close to the level of 2,800 before bouncing off that support level. It currently trades 1.9% below the January's 26th record high of 2,872.87. The Dow Jones Industrial Average lost 0.6% and the technology Nasdaq Composite lost 1.2% on Wednesday.

Thursday, August 16, 2018

EURCAD Remains Bearish / Currencies / Canadian $

By: FXOpen

The daily chart of EUR/CAD remains in a downtrend below the 1.5000 pivot level.

Key Points

• EUR/CAD declined heavily and broke key supports near 1.5080, 1.5000 and 1.4920.
• There are two bearish trend lines in place with resistance at 1.5000 and 1.5150 on the daily chart.

Thursday, August 16, 2018

Trade War Affects on Global Stock Markets / Stock-Markets / Global Stock Markets

By: Donald_W_Dony

Since the start of the trade war, world markets have been holding their breaths with the hope that this 'spat' would be short-lived. The outlook now is that it will drag into early Q4.

It started with a sharp market run-up in January.

And by early February, the runaway stock market ran smack into spiking bond rates. Investors suddenly became worried about the economy, concerns that the huge tax cuts, could cause the economy to overheat and force the Federal Reserve to raise interest rates.

Thursday, August 16, 2018

Up Your Forex Trading Game / Currencies / Forex Trading

By: Submissions

Trading foreign exchanges has never been easier, thanks to the advent of new technology, and as a result many people are getting into this potentially lucrative form of trading.

However, like any form of financial activity, Forex trading isn’t something that you can make money from overnight. Many of the experts whose advice can be found at forextraders.comworked hard to develop their skills, and Forex trading is not simply a matter of following a simple pattern and collecting a profit. In fact, it is more of an art than a science.