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!
Read full article... Read full article...
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.
Read full article... Read full article...
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.”
Read full article... Read full article...
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.
Read full article... Read full article...
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:
Read full article... Read full article...“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.
Read full article... Read full article...
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.
Read full article... Read full article...
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.
Read full article... Read full article...
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).
Read full article... Read full article...
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.
Read full article... Read full article...
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.
Read full article... Read full article...
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.
Read full article... Read full article...
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.
Read full article... Read full article...
Thursday, August 16, 2018
Large Caps Underperformance vs. Small Caps is Bullish for Stocks / Commodities / Gold and Silver 2018
By: Troy_Bombardia
As you probably already know, large cap stocks (Dow Jones index) have underperformed small cap stocks (Russell 2000 index) in 2018.
Read full article... Read full article...
Thursday, August 16, 2018
“The Big Grab” - Failing Pension and Retirement System / Politics / Pensions & Retirement
By: Andy_Sutton
It has been quite some time since we last collaborated on an article, opting instead to chase other pursuits and let some of the hysteria going on in the world fade into some type of steady state. It hasn’t happened, but there are pressing matters that need attention regardless. The circus going on all around us makes for great theater and distraction – and that is its intent.
The topic at hand is the failing pension and retirement system. Americans are notorious for spending well in excess of what they make, saving nothing in the process. The only way most save are the deductions from their paychecks for a 401k or IRA. Or perhaps they contribute to an IRA at tax time, when they realize doing so will reduce their tax liability.
Read full article... Read full article...
Thursday, August 16, 2018
USD/CAD Approaching Crucial Break / Currencies / Canadian $
By: FXOpen
The daily chart of USD/CAD indicates a decent uptrend above 1.3000.
Key Points
- The US Dollar is in a major uptrend with a crucial support at 1.3000 against the Canadian Dollar.
- A significant contracting triangle is formed with resistance at 1.3150 on the daily chart of USD/CAD.
Thursday, August 16, 2018
How US Indo-Pacific Vision Forgot Asian Development / Economics / Asian Economies
By: Dan_Steinbock
The Trump administration’s Indo-Pacific Vision is not an alternative to Chinese and other development initiatives in the Asia Pacific. It is a geopolitical play that is likely to benefit mainly advanced economies. What the Asia Pacific needs is a sustainable, long-term plan for accelerated economic development – not new geopolitical divisions. On July 30, U.S. Secretary of State Mike Pompeo gave a highly-anticipated speech on “America’s Indo-Pacific Economic Vision”:
The Indo-Pacific, which stretches from the United States west coast to the west coast of India, is a subject of great importance to American foreign policy. This region is one of the greatest engines … of the future global economy, and it already is today. And the American people and the whole world have a stake in the Indo-Pacific’s peace and prosperity. It’s why the Indo-Pacific must be free and open.
Read full article... Read full article...
Wednesday, August 15, 2018
Impulse Moves in the Currencies / Currencies / Forex Trading
By: Rambus_Chartology
For the last several months or so I’ve been showing you that many of the important currencies that make up the US dollar have been breaking down from large 2 1/2 year trading ranges. If you want to know what the US dollar is going to do the first thing you need to do is look at the important currencies that make up the US dollar as the US dollar is just a derivative of those currencies. Most of the time a stock, or in this case the currencies that make up the US dollar are trading within a reversal pattern, consolidation pattern, or are in an impulse move. It’s that impulse move that you want to be aware of and the earlier the better.
Tonight I’m going to update most of the currencies we’ve been following over the last several months because I believe they’re in the process of beginning an important impulse leg down which can have a profound affect on the PM complex and commodities in general. These types of moves don’t come around all that often, but when you begin to see an important setup maturing it’s usually worth the risk to try and take advantage of what the market will give you and impulse moves are what I live for as an intermediate term trader.
Read full article... Read full article...