Thursday, May 17, 2018
IEA: High Oil Prices “Taking A Toll” On Demand / Commodities / Crude Oil
By: OilPrice_Com
Geopolitics has taken over the oil market, driving oil prices up to three-year highs. The inventory surplus has vanished, and more outages could push oil prices up even higher. Yet, there are some signs that demand is starting to take a hit as oil closes in on $80 per barrel.
In the IEA’s May Oil Market Report, the agency said that OPEC might be needed to step in and fill the supply gap if a significant portion of Iran oil goes offline. Saudi Arabia suggested shortly after the U.S. announced its withdrawal from the Iran nuclear deal that OPEC would act to mitigate any supply shortfall should it occur.
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Thursday, May 17, 2018
Negative Signs for EUR/USD? AUD/USD - Battle / Currencies / Forex Trading
By: Nadia_Simmons
Monday's session discovered currency bulls’ weakness, which was mercilessly used by their opponents during yesterday's trading. Thanks to the sellers’ attack, EUR/USD hit a fresh 2018 low, but will we see further declines in the coming days?
Thursday, May 17, 2018
DOW Jones and CRUDE Oil on a Cliff Edge, Waiting for a Nudge! / Stock-Markets / Financial Markets 2018
By: Enda_Glynn
UPCOMING RISK EVENTS:
USD: Building Permits, Capacity Utilization Rate.
EUR: N/A.
GBP: N/A.
JPY: N/A.
Thursday, May 17, 2018
Gold Price No More Subtleness – It’s Show Time! / Commodities / Gold and Silver 2018
By: P_Radomski_CFA
On May 1st, we knew that the precious metals sector was starting a 2-week rally based on cyclical turning points, apex-based reversals, and True Seasonality for May. The rally is over, the profits cashed in… And growing once again thanks to the new short position. What’s in store for the rest of the month and the next few ones? Something epic.
Let’s start todays’ analysis with the two most important short-term reasons due to which the outlook for the precious metals sector just became very bearish.
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Thursday, May 17, 2018
VIX Cycles Point to Stock Market Correction / Stock-Markets / Stock Markets 2018
By: Chris_Vermeulen
Recently, we authored an article about Fibonacci price levels in which we referred to a term called “Fibonacci Price Ladders”. This is our own term, as far as we know, and we used it as a way to attempt to explain how price operates within the Fibonacci theory. Our objective was to allow the reader to think of a standard ladder and how each ladder rung allows the climber to advance (move up) or decline (move down) using the ladder. We hope it helped all of our readers to better understand the concept of how price rotates within a trend to establish longer-term price trends.
Thursday, May 17, 2018
Silver’s Long Consolidation Looks Like a Launching Pad / Commodities / Gold and Silver 2018
By: MoneyMetals
The primary trend for gold and silver over the past year and a half has been the absence of any clear direction in prices. Metals markets have been stuck in consolidation mode. Yet for silver, in particular, that consolidation has formed a clear and potentially powerful pattern.
The silver market’s consolidation has formed a symmetrical triangle pattern. Prices are now nearing the apex of that triangle. The pattern cannot hold much longer – it must soon break in one direction or the other. And when it does, the move that follows should be sudden and sharp in one direction or the other.
Wednesday, May 16, 2018
Trump Sounds End Times Armageddon Trumpet for Jerusalem, Israel Evangelical Prophecies / Politics / Israel
By: Nadeem_Walayat
Trump's order to move the US Embassy from Tel Aviv to Jerusalem took effect today as Ivanka sounded the Trumpet at the opening ceremony whilst at the same time the Israel Military went on a mass shooting spree killing over 60 Palestinians, and wounding more than 2000 as the Palestinians protested against the countdown to their 'Great Catastrophe', the founding of Israel by European Jews fleeing persecution from across Eastern Europe as they set about fulfilling biblical prophecies by taking Palestine by force 70 years ago, forcibly expelling a million Palestinians from their homeland, most of whom were likely descendants of the original Jews of 2000 years ago who long since had converted (usually by force) to Islam. Who's now 6+ million descendants continue to be oppressed within Israeli concentration camps such as the Gaza Strip and littered amongst ever shrinking West Bank towns as Israel's illegal settlements continue to expand towards the goal of achieving Greater Israel.
Wednesday, May 16, 2018
Our Next Stock Market Dow Fibonacci Price Targets – Get Ready! / Stock-Markets / Stock Markets 2018
By: Chris_Vermeulen
We can’t believe how so many people did not see this upside price swing setting up over the past few weeks. The research we conducted over the past few months was showing us a very clear picture that the US markets would advance in a dramatic format after settling a price bottom after the early February price drop. We would like to remind our readers to reference this link to see how we called this move months (published January 19, 2018) in advance. To quote our earlier work before the markets made all these moves…
Wednesday, May 16, 2018
Universal Basic Income to the Rescue? / Politics / Social Issues
By: Michael_Pento
The Keynesian Illuminati that run the world are now scrambling to find solutions to the rampant condition of income inequality that they themselves have created. After a decade of global fiscal and monetary policy madness, which were in effect Robin Hood in reverse, they are now seeking to repair the damage caused to the middle classes by making them become permanent wards of the states, just as they strip away ever more of their freedoms.
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Wednesday, May 16, 2018
Key Gold Correlation Is Back! / Commodities / Gold and Silver 2018
By: Arkadiusz_Sieron
It’s back. The crucial correlation returned to the gold market. Does it herald important shifts in trends?
Real Interest Rates Are Back in Town
One of the biggest developments in the gold market during the first four months of 2018 was the breakdown of the traditional negative correlation between real interest rates and the price of bullion. As one can see in the chart below, the price of gold was uncorrelated or even moved in tandem with long-term, inflation-indexed U.S. Treasury yields in Q1 2018.
Wednesday, May 16, 2018
The Coming Copper Crunch / Commodities / Copper
By: Richard_Mills
Copper had one of it best years ever in 2017, rising 27% on the back of supply disruptions and steady demand from China, by far the largest copper consumer.
Commodities analysts are usually wrong about copper supply, always predicting a glut in the market for the ubiquitous metal used in everything from piping for plumbing to wiring in houses, to components of electric vehicles. What they fail to account for is the inevitable stoppages at the major copper mines due mostly to strikes and weather problems.
In 2017 however they were right. In January last year a collection of analysts - BMI, Goldman Sachs, Citigroup and TD - were all bullish on copper, saying that after a terrible 2015 and 2016, it would be the strongest performing metal of 2017 with predictions of up to $6,200 a tonne come mid-year. By the end of 2017 copper futures trading on the London Metal Exchange (LME) were at their highest in four years, $7,236.50 a tonne or $3.28 a pound. Copper wasn’t the best performing metal of 2017 (that would be cobalt) but it was third behind palladium.
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Wednesday, May 16, 2018
Stock Futures Are on a Sell Signal / Stock-Markets / Stock Markets 2018
By: Anthony_Cherniawski
Good Morning!
SPX futures are sliding as low as 2720.50 this morning, potentially breaking beneath the rally trendline at 2725.00. This gives the SPX an aggressive sell signal that will await confirmation from the VIX and NYSE Hi-Lo Index. Aggressive signals are subject to drawdowns, so take due care with any new positions.
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Wednesday, May 16, 2018
What to do When the IRS Comes for Your Property / Housing-Market / Taxes
By: Steve_Marks
Nothing in life is sure except for death and taxes. When it comes to owing the IRS, you can rest your laurels on the fact that sooner or later they will come to collect. When you owe the IRS, there are a handful of ways in which they may come after your assets—one of which is putting a lien on your home. If you’ve received a letter from the IRS notifying you of an impending lien, here are some helpful ways in which you can resolve your debt and protect your property.Read full article... Read full article...
Wednesday, May 16, 2018
IS BITCOIN ANONYMOUS? / Currencies / Bitcoin
By: Submissions
Like most people new to Bitcoin, you’re probably wondering whether it is anonymous. The answer is NO. While many individuals see it as an anonymous cryptocurrency or payment platform, Bitcoin, like many other cryptos is private but pseudo-anonymous.
While it doesn’t need users to provide their details, all the transactions they’ve made or will make are public domains, and everyone in the blockchain will be able to see them. To secure its transactions Bitcoin uses a public key, which is a long string of letters and numbers called a BTC address. These public keys are not tied to any identifiable details and information; however, in theory, they can be used to gather information about an individual over time.
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Wednesday, May 16, 2018
Turbo Bubble Fountain Bubbles Machine for Kids Summer Fun Activities - VR 360 / Personal_Finance / Money Saving
By: Anika_Walayat
Summer has finally arrived here in the UK and so here's a great idea for keeping the kids occupied and active in the garden at little cost, a bubble making machine! You don't need to spend more than £10 to £15 to get hold of a decent machine that will flood your garden with gazillions of bubbles as here we test the Turbo Bubble Fountain that helps the bubbles by blowing them upwards (VR 360) and which currently sells for £15 (excluding batteries), but is similar in function to many other bubble machines in it's price range.
Tuesday, May 15, 2018
Bitcoin Tide Might Have Turned / Currencies / Bitcoin
By: Mike_McAra
Bitcoin stabilized, went up, went down and now is going up again. The ride has been wild and the opinions on the outlook in the market have been shifting. We hold a steady course and strive to filter out all the noise to give you the most relevant information. An there’s rarely a more important time than now for that. The tide might have turned and we’re on the lookout for a confirmation of the trigger. Such a confirmation could increase the profits on our hypothetical position.
The South Korean government moved to raid the biggest cryptocurrency exchange in the country. On Reuters, we read:
South Korean prosecutors raided the country’s biggest cryptocurrency exchange, Upbit, on Thursday and Friday on suspicion of fraud, Yonhap news agency reported.
The agency did not give details. Neither Upbit nor the financial investigation team of the Seoul Southern District public prosecutors’ office was immediately available for comment..
Tuesday, May 15, 2018
UK Savings Shock as Rates Were cut Before Base Interest Rate Vote / Personal_Finance / Saving Bonds
By: MoneyFacts
Savers still deflated from last week’s base rate announcement will now have to stomach the fact that the savings market has undergone a bit of a stumble. As the market prepared itself for a base rate change, there were unforeseen savings rate cuts, with some deals disappearing altogether.
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Tuesday, May 15, 2018
UK Online Gambling Market Grows According to UKGC / Personal_Finance / Gambling
By: Varun_Kumar
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Tuesday, May 15, 2018
Stock Market Study: What Happens Next when Dow Goes Up 8 Days in a Row / Stock-Markets / Stock Markets 2018
By: Troy_Bombardia
The Dow Jones Industrial Average has gone up 8 days in a row (using CLOSE $). What’s unusual is that this is happening before the Dow has hit a new all-time high. These “up 8 consecutive days” events usually happen when the stock market is making new highs.
Here are the historical cases in which the Dow closed higher 8 days in a row, and what happened next to the stock market (Dow and S&P 500).
*This is a rather common event, so we’re only looking at the historical cases in this current bull market, which began in March 2009.
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Tuesday, May 15, 2018
The Missing Link for Gold / Commodities / Gold and Silver 2018
By: Jordan_Roy_Byrne
Last week we discussed the fundamentals of Gold, which do not appear bullish at the moment. Real rates (and yields) are rising and investment demand for Gold is flat. That in itself is a temporary but big missing link. However, we are referring to the missing link in the context of intermarket analysis. Gold is an asset that performs best when its outperforming its competitors. That’s true of any asset but especially Gold because it traditionally has been a counter-investment or an anti-investment. While Gold is firmly outperforming Bonds and showing strength against global currencies, it remains neutral to weak against global equities.