Sunday, October 01, 2017
Spain Ignores Scotland Lesson as Catalan Independence Referendum Could Spark Civil War / Politics / Spain
By: Nadeem_Walayat
The cry going out across Catalonia is that if a far less populous region such as Scotland can hold an Independence Referendum then why are the people of Catalonia being denied the same right. The Madrid regime instead of following the cue from Westminister which did not stand in the way of the Scottish people having a vote to leave the United Kingdom held in September 2014, the Spanish regime has instead decreed that the people of Catalonia do not have the freedom to vote for potential independence from an increasingly dictatorial Spanish state, as evidenced by the threats and show of force in the form of thousands of armed police sent into Catalonia in an attempt to shut down all political dissent and prevent today's Referendum vote from taking place.
Saturday, September 30, 2017
I Thought I Was Middle Class / Politics / Social Issues
By: James_Quinn
“The best way to teach your kids about taxes is by eating 30% of their ice cream.” – Bill Murray
When I saw that slimy tentacle of the Goldman Sachs vampire squid, Gary Cohn, bloviating about Trump’s tax plan and how it was going to do wonders for the middle class, I knew I was probably going to get screwed again. And after perusing the outline of their plan, it is certain I will be getting it up the ass once again from my beloved government.
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Saturday, September 30, 2017
Another Potential Game Changer for Gold Supply: Chinese Oil Imports Convertible to Gold / Commodities / Gold and Silver 2017
By: GoldSilver
Jeff Clark : There are clear supply pressures coming to the gold market, so the last thing it needed was a new source of demand. But that’s exactly what it’s about to get, and as you’ll see, it could potentially push supply into a strained predicament. If this new development catches on it could lead to some fireworks in the gold market.
This source of demand comes from China’s announcement that oil exporters to China will accept yuan as payment. This is normally done in dollars (hence known as the petrodollar system). The yuan is not well established internationally yet, so as an incentive, China will offer its exporters the option to convert their yuan into gold. This will essentially result in a new source of gold demand, one not currently present in the market.
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Saturday, September 30, 2017
Kevin Warsh May Be the Next Fed Head—Let’s See What He Really Thinks / Interest-Rates / US Federal Reserve Bank
By: F_F_Wiley
As reported earlier this morning by the Wall Street Journal, President Trump and Treasury Secretary Mnuchin met with Kevin Warsh yesterday to discuss the potential vacancy at the Fed next February.
Warsh already has central banking experience, having sat on the Federal Open Market Committee as a Fed governor from February 2006 until March 2011.
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Saturday, September 30, 2017
Gold Bull Market Uplegs in Three Stages / Commodities / Gold and Silver 2017
By: Zeal_LLC
Gold bull markets offer outstanding opportunities for traders to grow their wealth. These bulls consist of series of alternating uplegs and corrections. Naturally the best times to buy low within ongoing bulls are right after corrections when major new uplegs are being born. Gold uplegs have three distinct stages that are evident in real-time in key datasets. Understanding how gold uplegs play out leads to superior gains.
Bull markets in gold can be exceedingly profitable for investors and speculators. The last secular gold bull ran between April 2001 to August 2011. During that 10.4-year span, gold powered 638.2% higher! That radically bested the general stock markets’ 1.9% loss per the S&P 500 over that same time frame. Hardened contrarians willing to buy low as gold bottoms after long bears can ride all of gold’s big bull gains.
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Saturday, September 30, 2017
Traders Classroom - Here's What Your Price Charts Are Hiding from You (Video) / InvestorEducation / Learn to Trade
By: EWI
Here's What Your Price Charts Are Hiding from You
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Saturday, September 30, 2017
The Magnitude Of The Coming Pension Storm Will Come To Light In 2018 / Personal_Finance / Pensions & Retirement
By: John_Mauldin
BY PATRICK WATSON : Part of my job is helping John Mauldin with the research for his Thoughts from the Frontline letters. Regular readers know John isn’t a doom-and-gloom guru. He’s optimistic on most of our big challenges.
Except for a few things—like the brewing state and local pension crisis.
The more John and I dig into it, the worse it looks. We have both spent many hours trying to find any good news or a silver lining, without success.
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Saturday, September 30, 2017
What Are Some Good FX Scalping Techniques? / Currencies / Forex Trading
By: Kavinesh_A
As you acquire Forex dealing experience, you understand the key role that your technique performs. There are many options investors can use, but this article will discover a Forex dealing scalping technique. We'll take a quick look at what is involved in scalping rate of exchange and evaluation some of the best tips/tricks you can use.Read full article... Read full article...
Friday, September 29, 2017
How to Spot Global Real Estate Bubbles / Housing-Market / Global Housing Markets
By: Rodney_Johnson
There’s an easy way to identify the cities with the big real estate bubbles. Just find out where the richest citizens live!
Back in late 2016, writer Peter Reegh put together a list of the 15 cities based on population of the wealthiest citizens, which was published on therichest.com. These same 15 cities remain at the top of this list today (only now more inflated than a year ago), allowing us to immediately know what areas to avoid.
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Friday, September 29, 2017
What Does a War With North Korea Mean? / Politics / North Korea
By: Rodney_Johnson
Kim Jong-Un, or “Rocket Man,” as our president prefers, always looks like he just ate a sour pickle – unless he’s inspecting a missile factory. Then he looks like an evil character in a B movie, gloating over his plot to rule the world.I wish he’d move on to the monologue phase, where he talks so long that the hero of the film has time to slip out of his restraints, rescue the girl, defuse the bomb, and put the crazy little man on ice before the authorities arrive.
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Friday, September 29, 2017
Is Bitcoin For Real or Fool’s Gold? / Currencies / Bitcoin
By: Rodney_Johnson
How many currencies do you carry in your wallet?OK, I’m showing my age. I actually have a wallet. And I carry it. Mostly.
Inside, you’ll find a couple of credit cards, an odd receipt or two, and greenbacks. I live in the U.S., so I use dollars.
But I also carry my smartphone, and I use Apple Pay wherever possible. I’m not geeking out, I just try to rack up points on my cashback credit card, and tapping my smartphone is a lot easier than dragging out my credit card and dealing with finicky swipe readers.
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Friday, September 29, 2017
Gold Matches S&P 500 Performance In First 3 Quarters; Up 12% 2017 YTD / Commodities / Gold and Silver 2017
By: GoldCore
Editor Mark O’Byrne
– Gold climbs over 12% in YTD, matching S&P500 performance
– Palladium best performing market, surges 36% 2017 YTD
– Gold outperforms Nikkei 225, Euro Stoxx 50, FTSE and ISEQ
– Geo-political concerns including Trump and North Korea supporting gold
– Safe haven demand should push gold higher in Q4
– Owning physical gold not dependent on third party websites and technology remains essential
Friday, September 29, 2017
Stock Investors Should Brace for the Fed’s October Tightening Gambit / Stock-Markets / Stock Market 2017
By: MoneyMetals
September’s Federal Reserve meeting left interest rates unchanged but sounded a hawkish tone. The Fed seems intent on hiking interest rates again come December.
Following Fed chair Janet Yellen’s remarks this Tuesday, interest rate futures markets bumped up the odds of a year-end rate hike to 81%.
The more immediate – and perhaps more important – policy move pending from the central bank is its plan to gradually reverse its Quantitative Easing bond buying program starting in October.
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Friday, September 29, 2017
USD Weakening. So are Stocks / Stock-Markets / Stock Market 2017
By: Anthony_Cherniawski
The USD futures are in the headlines this morning. It has broken above its 50-day Moving Average at 92.81 and the analysts are calling for a stronger USD. But it may beat a hasty retreat, since the top aof Wave E suggests completion and reversal.
ZeroHedge writes, “The dollar rally paused on Friday and looked poised to finish its best weekly gain of the year with a whimper, when in a repeat of the Thursday session the, Bloomberg dollar index first rose more than 0.1% during Asia hours before slumping around the European open as month and quarter-end flows came into play again.”
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Friday, September 29, 2017
EURGBP Broke Out Of Price Channel And Formed Sideways Movement / Currencies / Euro
By: Franco_Shao
EURGBP recently broke out of a price channel on its 4-hour chart and moved sideways in a trading range between 0.8746 and 0.8899, suggesting that consolidation for the bearish movement from 0.9306 is underway.
Friday, September 29, 2017
U.S. Stocks: A 'Big' Move Ahead? (Video) / Stock-Markets / Stock Market 2017
By: EWI
Dear Investor,
Aside from a brief dip a few weeks ago, U.S. stocks have been the embodiment of stability. And many in the mainstream are talking about this continuing for the foreseeable future.
If there's one thing we know, it's that this won't continue forever. Periods of high volatility ALWAYS follow periods of low volatility. Are you ready for some "fireworks" in the stock market?
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Friday, September 29, 2017
Gold, Stock Market and Newton's Third Law / Stock-Markets / Stock Market 2017
By: The_Gold_Report
Precious metals expert Michael Ballanger discusses the effects of "Quantitative Tightening" on precious metals markets. In late August, we decided to anchor our boat out in a place called Indian Harbour, a wonderful "safe haven" for boaters that love northern Georgian Bay, in an effort to make the most of what has been an absolutely dreadful summer for most people in the east-central part of Canada and the U.S. This little harbour is protected by a small sliver of rock and trees that separates it from the ravages of the prevailing westerlies which whip across the prairies gathering momentum until they descent upon the largest contiguous consortment of freshwater lakes in the world (The Great Lakes) and gather moisture and volatility until they ultimately unload their liquid bounty into the most fertile farmland in North America which stretches from Detroit and Soo, Michigan, easterly to Kingston, Ontario.
Friday, September 29, 2017
First of all, what is MetaTrader 4? / InvestorEducation / Trading Systems
By: Kavinesh_A
MetaTrader 4 may appear to be a system activity, but it has become recognized as one of the most commonly used separate dealing systems kind of investors and foreign exchange agents around the world. While some foreign exchange agents can provide their own exclusive dealing systems, MetaTrader 4, or MT4, has become recognized as the marketplace innovator for dealing FX. MT4 was created by application company MetaQuotes, and first released in 2005. MetaTrader 4 is a dealing system developed by MetaQuotes Software for dealing on the internet in the currency trading, agreement for variations (CFDs) and futures trading marketplaces. MT4 Hrvatska as it is commonly known, obtainable at no charge straight from the MetaQuotes web site (metaquotes.net) or through a multitude of on the internet foreign exchange agents. MT4 provides sources and sources that allow investors to evaluate price, place and handle deals, and employ computerized dealing techniques. This guide will provide an release to many of MetaTrader 4's features, such as graph configurations, technological research sources and trade placement.Read full article... Read full article...
Thursday, September 28, 2017
A New Challenge to the US Dollar / Currencies / US Dollar
By: John_Browne
In a move that was little noticed outside of the financial world, China announced the creation of an oil futures contract (open to international traders) that will be denominated in Yuan and convertible into gold. This move provides the first official linkage of oil to gold, and more importantly a linkage between the Chinese currency and gold. While the contract volumes that will be traded on this new platform will certainly be minuscule in comparison to those in the dominant markets of New York and London (at least initially), I believe the move is the latest, and perhaps most significant, step that China has taken down the path that could lead to a global economic system that is not fully dependent on the U.S. dollar. The move amounts to a direct challenge to the dollar's privileged reserve status and could threaten U.S. dollar price erosion.
Thursday, September 28, 2017
SPX Needs Another Probe Higher. NDX Does Not / Stock-Markets / Stock Market 2017
By: Anthony_Cherniawski
SPX appears to have one further probe higher to complete Wave (v). It appears to be an Ending Diagonal, which means that Wave (v) should be an a-b-c form. Five waves already appear, but the middle wave cannot be a Wave iii because it is the shortest in the series. Wave v may reach equality with Wave i at 2515.00, so that is my target. The Cycle Top is at 2524.55, so we may consider that as a possible limit to an extension.