Wednesday, October 25, 2017
2017 Was The Year Of Gold's Consolidation, So What Will 2018 Present? / Commodities / Gold and Silver 2017
By: Avi_Gilburt
One of the most frustrating charts to trade during 2017 has been almost any chart in the metals complex. In fact, if you speak to most metals investors, you would almost think that they have incurred a huge loss in 2017.
But, that is far from the truth. In fact, since we caught the low around 107 in the GLD at the end of 2016, we have seen it rally almost 20% off those lows when it struck its 2017 high back in early September. As I write this article, we are still 13% off those lows.
Read full article... Read full article...
Wednesday, October 25, 2017
Silver Is Underperforming Gold / Commodities / Gold and Silver 2017
By: The_Gold_Report
Technical analyst Clive Maund charts silver and discusses its relationship with gold. Like gold, silver now appears to be completing an intermediate Head-and-Shoulders top within a much larger and very bullish Head-and-Shoulders bottom pattern. Both these Head-and-Shoulders tops are related to the Head-and-Shoulders bottom completing in the dollar index, that we look at in the parallel Gold Market update.
Wednesday, October 25, 2017
Stock Market Crash of October Crash 2017 / Stock-Markets / Stock Market 2017
By: Nadeem_Walayat
OCTOBER the month when the stock market doom merchants are at their most vocal as they focus on the historic apex of the darkest day of the darkest month for stocks of each year, October 19th, this year was the 30th anniversary of the 1987 stock market Black Monday crash that saw the market fall of a cliff, plunging by an unprecedented 22% on one day that few saw coming but ever since many prophesise the repeat of every October. Furthermore this year marks the 9th October of the current stocks bull market that the perma-crowd have been betting against for its duration. Which means that most of the doom merchants will already have gotten the stock market badly wrong for EIGHT OCTOBERS IN A ROW!
Wednesday, October 25, 2017
Stock Market Optimism Approaches Days of Roman Empire / Stock-Markets / Stock Market 2017
By: EWI
Investors are placing a stock market bet of record degree
If there's ever been a time to resist the impulse to follow the investing crowd, now is that time. Large speculators are making a bet that's four times larger than what they made in January 2008. Take a look at this chart.
Read full article... Read full article...
Wednesday, October 25, 2017
Strange Things Happening In The Paper Gold Market / Commodities / Gold and Silver 2017
By: John_Rubino
Back in September the hedge funds that speculate with gold futures contracts got extremely bullish, which – since speculators are usually wrong when they’re overexcited – was a signal that gold would be going down for a while. It did:
Wednesday, October 25, 2017
Trump May Reappoint Yellen as Fed Chair after All / Interest-Rates / US Federal Reserve Bank
By: MoneyMetals
By Clint Siegner: Candidate Donald Trump was none too kind to current Federal Reserve Chair Janet Yellen during his 2016 campaign. However, the President’s tone with regards to Yellen and Fed policy has been softening since his election.Trump met one on one with Yellen and other top contenders last week and now appears quite open to the idea of reappointing her to another four-year term.
Tuesday, October 24, 2017
Stock Market October Crash 2017 But Not as the Bears Expected! / Stock-Markets / Stock Market 2017
By: Nadeem_Walayat
OCTOBER the month when the stock market doom merchants are at their most vocal as they focus on the historic apex of the darkest day of the darkest month for stocks of each year, October 19th, this year was the 30th anniversary of the 1987 stock market Black Monday crash that saw the market fall of a cliff, plunging by an unprecedented 22% on one day that few saw coming but ever since many prophesise the repeat of every October. Furthermore this year marks the 9th October of the current stocks bull market that the perma-crowd have been betting against for its duration. Which means that most of the doom merchants will already have gotten the stock market badly wrong for EIGHT OCTOBERS IN A ROW!
Tuesday, October 24, 2017
Vanadium: The Metal We Can’t Do Without And Don’t Produce / Commodities / Metals & Mining
By: Richard_Mills
From swords to jet engines
One of the world’s least known metals is also of great importance, and likely to become more so as renewable energies catch up with and possibly eclipse fossil fuels. Yet vanadium’s primary use as a steel alloy is set to keep prices buoyant and North American explorers racing to find a domestic source of the metal that was once used to make swords so strong and sharp the mere sight of them struck fear into the hearts of their enemies.
Read full article... Read full article...
Tuesday, October 24, 2017
Gold Is Better Store of Value Than Bitcoin – Goldman Sachs / Commodities / Gold and Silver 2017
By: GoldCore
– Gold is better store of value than bitcoin – Goldman Sachs report
– Gold will continue to perform well thanks to uncertainty and wealth demand
– Bitcoin’s volatility continues to impact its role as money
– Gold up 12% in 2017, bitcoin over 600%
– BTC is six times more volatile than gold – see chart
– Gold’s history and physical property shows it meets requirements as a medium of exchange and store of value
Tuesday, October 24, 2017
Lingering Debt Warning as Credit Card Interest Rates Hit Record High / Personal_Finance / Credit Cards & Scoring
By: MoneyFacts
There has been a worrying rise in the number of consumers reliant on credit cards to keep their heads above water, as they stand a higher chance of being unable to repay their debt every month*.
Those who are only able to repay a very small portion of their card debts will find they have many years of debt ahead of them. To make matters worse, the cost of credit is rising, with moneyfacts.co.uk data showing that the average credit card APR has hit 23.0% APR, the highest recorded rate in over ten years**.
Read full article... Read full article...
Tuesday, October 24, 2017
Crude Oil – Major Resistances Hold / Currencies / Crude Oil
By: Nadia_Simmons
On Friday, crude oil bounced off session’s low and closed the previous week slightly below $52. Did it change anything in the short term?
Crude Oil’s Technical Picture
Let’s examine the charts below (charts courtesy of http://stockcharts.com).
Read full article... Read full article...
Tuesday, October 24, 2017
NZDUSD’s Bearish Movement Extended To 0.6931 / Currencies / Forex Trading
By: Franco_Shao
NZDUSD extended its downside movement from 0.7557 to as low as 0.6931. Further decline would likely be seen after a minor consolidation and next target would be at 0.6817.
Tuesday, October 24, 2017
Gold Miners Could Be Setting Up For A Big Hit Into Year End / Commodities / Gold and Silver 2017
By: Avi_Gilburt
As I read through the blogs and public articles on miners and the GDX, it has become quite evident that many have now turned either bearish or completely indifferent to this complex. In fact, it seems as though the number of hits being seen in the Seeking Alpha metals section has dropped dramatically over the last year.
Read full article... Read full article...
Tuesday, October 24, 2017
Gold Price Under $1000 Is A Very Real Possibility / Commodities / Gold and Silver 2017
By: Kelsey_Williams
After gold peaked in January 1980 at $850.00 per ounce, it dropped in price by two-thirds (66%) over the next five years. The low in February 1985 was $284.00 per ounce.
At that point it began a strong move upwards over a three-year span peaking at just under $500.00 ($499.75) per ounce in December 1987. That translates to an increase of seventy-six percent.
Read full article... Read full article...
Tuesday, October 24, 2017
US Dollar Getting Ready to Rally Implications for Gold / Commodities / Gold and Silver 2017
By: The_Gold_Report
Technical analyst Clive Maund discusses the outlook for the U.S. dollar and its implications for gold.The dollar is getting ready for a sizable rally, and that means that gold and silver are going to be knocked back again. Longer term however, the outlook for the Precious Metals could scarcely be better, as we will see.
In last weekend's update it was pointed out that gold's gap breakout from its steep downtrend shown on its latest 6-month chart below was probably false and that it was expected to drop back as the dollar advanced, which it duly did last week. Bearing in mind that the dollar has about completed its Head-and-Shoulders bottom, it is now clear that a parallel Head-and-Shoulders top is completing in gold as shown on the chart. This chart projects a breakdown beneath the nearby support level to be followed by a drop targeting the quite strong support in the $1200–$1215 area.
Read full article... Read full article...
Monday, October 23, 2017
Why Bitcoin can pullback from $6100 – $6800? / Currencies / Bitcoin
By: ElliottWave-Forecast
Bitcoin continue it’s outstanding performance as it managed to breach the $6000 barrier this weekend, it currently up 200% from 07/16 low and with a total of 500% for this year. The rally from $1830 low is represented by 3 swings subdivided into 5 waves rally then 3 waves pullback followed by another 5 waves.
This type of move can be either labeled as 3 waves Zigzag Structure which can end around equal legs area $6100 – $6800 or it can be part of a 5 waves move which means BTCUSD still needs to extend further toward $8000 as the most powerful 3rd wave move usually reach the 1.618 Fibonacci extension level.
Read full article... Read full article...
Monday, October 23, 2017
Germany’s Delegation To Russia Signals That Merkel Is Looking For New Allies / Economics / Russia
By: John_Mauldin
BY GEORGE FRIEDMAN : A delegation of executives from major German corporations recently met with Russian President Vladimir Putin.
Such delegations are not unusual. Sometimes it is routine, sometimes a courtesy. But occasionally, it has significance. In the case of Russia-Germany relations, such meetings are always potentially significant.
Read full article... Read full article...
Monday, October 23, 2017
Stock Market Lemmings in Full Gallup Towards Cliff / Stock-Markets / Stock Market 2017
By: Michael_Pento
Its official…the stock market has broken above 23,000, and its valuations should now scare even the most mind-numbed carnival barker on Wall Street. The forward 12-month PE ratio is 18, compared to the 10-year average of just 14. The 12-month trailing PE for Pro-forma earnings, which takes into account non-recurring items that seem to recur ever quarter, is trading at 20 times earnings. But on a reported earnings basis—the number you report to the SEC under penalty of the law and according to GAAP standards--the 12-month trailing PE is 25.5 times earnings.
Monday, October 23, 2017
Debt-Driven Consumer Economy Breaking Down / Commodities / Gold and Silver 2017
By: MoneyMetals
Mike Gleason: It is my privilege now to welcome in Greg Weldon, CEO and President of Weldon Financial. Greg has over three decades of market research and trading experience, specializing in metals and commodity markets and even authored a book in 2006 titled Gold Trading Bootcamp, where he accurately predicted the implosion of the U.S. credit market and urged people to buy gold when it was only $550 an ounce.
He is a highly sought-after presenter at financial conferences throughout the country, and is a regular guest on financial shows throughout the world, and it's good to have him back here on the Money Metals Podcast.
Read full article... Read full article...
Monday, October 23, 2017
Next Wall Street Stock Market Crash Looms? Lessons On Anniversary Of 1987 Crash / Stock-Markets / Financial Crash
By: GoldCore
– Next Wall Street Crash looms? Lessons on anniversary of crash
– 30 years since stock market ‘Black Monday’ crash of 1987
– Dow Jones Industrial Average fell 22.6% on October 19, 1987
– S&P 500, FTSE and DAX fell 20%, 11% & 9% respectively
– Gold rose 24.5% in 1987 (see chart), acting as safe haven
– Prior to crash, stocks hit successive record highs despite imbalances
– Imbalances that lead to 1987 crash are much worse today