Monday, September 18, 2017
Bitcoin Price Crash 40% In 3 Days Underlining Gold’s Safe Haven Credentials / Currencies / Bitcoin
– Bitcoin price action shows cryptos vulnerable to commentary and government policies
– Bitcoin falls to low of $2,980, down by $1,000 in week as China flexes muscles
– Volatility major issue: In 3 days btc fell 40% before bouncing 25% off lows
– BIS state risks of cryptos cannot yet be fully assessed and says technology still unproven
– Apple and Google developing a payment API for cryptos – may give governments full oversight
– Bitcoin and cryptos current volatility and exposure to governments underlines gold’s safe haven status
Monday, September 18, 2017
Gold Price is Facing Trend Line Support / Commodities / Gold and Silver 2017
XAUUSD stays below a bearish trend line on its 4-hour chart and remains in the short term downtrend from 1357.45. As long as the price is below the trend line, the downside movement could be expected to continue.
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Monday, September 18, 2017
The Netflix Of Canada’s Cannabis Boom / Companies / Cannabis
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Monday, September 18, 2017
Stock Market Sentiment Speaks: Either You Learn From The Events Of The Past Week, Or You Are Hopeless / Stock-Markets / Stock Market 2017
Back in mid-July, we called for the market to top within 3 weeks between 2487-2500. And, 3 weeks later, the market topped at 2490SPX within one day of the topping date we expected. And, since we struck that high, the market has followed through in an almost textbook fashion for the entire month of August, as we caught just about every twist and turn during the month.
Coming into the last week of August, we were expecting the market to drop down to support within the 2425-2430SPX region, and then rally back towards the 2465-2475 region, before it set up to drop back down to the 2400SPX region. As we now know, dropped hard and bottomed early that week at 2428SPX, and then rallied back to 2480SPX. When the market topped out at 2480 on September 1st, our expectation was that we would see a drop down to the 2400SPX region next.
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Monday, September 18, 2017
SPX 2500 … At Last! / Stock-Markets / Stock Market 2017
Current Position of the Market
SPX Long-term trend: The uptrend has pushed a little higher, near-term.
SPX Intermediate trend: By rising past 2491 the start of the (inevitable) intermediate correction has been delayed. .
Analysis of the short-term trend is done on a daily-basis with the help of hourly charts. It is an important adjunct to the analysis of daily and weekly charts which discuss longer market trends.
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Monday, September 18, 2017
Inflation Lies, Lies and OMG More Lies / Economics / Inflation
“There are three types of lies — lies, damn lies, and statistics.” – Benjamin Disraeli
Every month the government apparatchiks at the Bureau of Lies and Scams (BLS) dutifully announces inflation is still running below 2%. Janet Yellen then gives a speech where she notes her concern inflation is too low and she needs to keep interest rates near zero to save humanity from the scourge of too low inflation. I don’t know how I could survive without 2% inflation reducing my purchasing power.
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Monday, September 18, 2017
How to Choose right Forex Trader? / Currencies / Forex Trading
Market makes up more than $4 billion in average exchanged value every day, making it the world's biggest economical market. Since there is no central sell for forex dealing, traders must select a fx agent to help them conduct their dealing activity. There are a large and growing number of fx agents, deciding on the right one requires very carefully searching through a massive number of journal and internet ads. In this article, we'll look at when selecting a fx agent in today's aggressive forex dealing industry at Admiral Markets Deutschland.
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Sunday, September 17, 2017
Believe Your Own Eyes: Central Banks FOLLOW the Market - Video / Stock-Markets / Central Banks
Believe Your Own Eyes: Central Banks FOLLOW the Market
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Sunday, September 17, 2017
Who Has Shaped the World the Most? The Dozen Greatest Achievers / Politics / Education
As tough Teddy Roosevelt famously said more than hundred years ago:
“It is not the critic who counts; …. The credit belongs to the man who is actually in the arena, …. who does actually strive to do the deeds …. who .... best knows, in the end, the triumph of high achievement ....”
Who have been the top movers and shakers prevailing in the global arena?
It is a lasting result that counts the most in achieving things in broad social terms. Never great style only, ala JFK. Seldom genius alone, at least in things social.
Sunday, September 17, 2017
Australian Dollar vs Japanese Yen Signalling Commodity Inflation / Commodities / CRB Index
The $AUD Australian Dollar continues to strengthen against the $JPY, Japanese Yen. All the commodity currencies are strong against the $USD also. Below is a weekly chart of $AUDJPY showing a break of the downtrend, a backtest and now price moving higher. We had a yearly cycle low last June, so the next yearly cycle low is not due until mid 2018, so there is plenty of TIME for the $AUDJPY to continue to strengthen.
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Sunday, September 17, 2017
Riding the ‘Slide’: Is This What the Next Stocks Bear Market Looks Like? / Stock-Markets / Stocks Bear Market
Even as the Fed’s decision makers are beginning to worry less about recession and more about bubbly stock prices, we’re not yet moved by their attempts to curb the market’s enthusiasm. After all, the fed funds rate sits barely above 1%, which not too long ago qualified as a five-decade low. And other indicators, besides interest rates, aren’t exactly predicting the next bear, either. Inflation is subdued, credit spreads are tight, banks are mostly lending freely and the economy is growing, albeit slowly. It just doesn’t feel as though we’re close to a major market peak.
All that being said, we’re not so much about feelings as we are about delving into history (nerds that we are) and seeing if there’s anything we can learn. Let’s look at the last 90 years to see if any bear markets began under similar conditions to those today.
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Sunday, September 17, 2017
Stocks and Gold; Macro Pivot Window Upon Us / Stock-Markets / Financial Markets 2017
On August 11 the potential and reasoning for anticipated pivots in the US stock market and the gold sector were noted in this article: Potential Pivots Upcoming for Stocks and Gold
As for the stock market, several reasons were put forward in support of a 2nd half of September through Q4 danger period, for a correction (no need yet to talk bear market because that would be pure promotion of an agenda). Please note that standard technical analysis was not among those reasons. The stock market was then and is now, in an uptrend across all important time frames.
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Sunday, September 17, 2017
Gold Up, Markets Fatigued As War Talk Boils Over / Commodities / Gold and Silver 2017
By Jan Skoyles:
- North Korea threatens to reduce the U.S. to ‘ashes and darkness’
- Markets becoming used to ongoing provocations from North Korea
- Russia and China continue to support watered down versions of sanctions on Kim’s regime
- Both NATO and Russia running war games on one another’s borders
- Putin says Russia will “give a suitable response” to NATOs threatening behaviour
- Gold set to climb as fears over economy and war will drive safe haven demand
Saturday, September 16, 2017
Gold And The Need To Explain Price Action / Commodities / Gold and Silver 2017
People are obsessed with the price of gold. And the demand for answers to the question “Why?” continues to grow. Why did gold go up/down $20.00 today? Why?
All too eager to provide the answer, journalists respond as follows:
Quote: “A weak U.S. inflation print may be just what gold prices need to finally stay above $1,300.” …WSJ Aug 2016
Seriously? I thought higher gold prices were the result of inflation.
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Saturday, September 16, 2017
Predicting the Future of the U.S. and the World / Economics / Demographics
Predictability.People.
Those are the two keystones of my research and forecasting successes: cycles and demographics.
It can all be traced back to the day I was studying several charts that I’d laid out on my desk. I’d been looking at the Dow Jones Industrial Average adjusted for inflation when I glanced up and spotted the Baby Boomer’s birth wave.
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Saturday, September 16, 2017
Deceit in the Financial Food Chain / Stock-Markets / Market Regulation
I recently watched The Big Short, the 2015 movie recounting the housing crisis. I avoided the movie, and the book of the same name, for years. But I saw the title on Netflix and thought, “Now’s the time.”I didn’t sidestep it for lack of interest. Just the opposite. As a former bond trader I have a keen interest in the debt markets.
I followed the crisis’ every twist and turn, starting in the summer of 2007 when a quiet little corner of the bond market – municipal bond floating-rate note auctions – blew up. I found the steps leading to the crisis, and the events in the aftermath, appalling.
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Saturday, September 16, 2017
Gold GLD ETF Investment Resuming / Commodities / Gold and Silver 2017
Gold has surged dramatically to major breakouts since its usual summer-doldrums lows. That’s naturally rekindled interest in this leading alternative investment, despite the record-high stock markets. Investors are starting to return to gold again to prudently diversify their stock-heavy portfolios. That’s very bullish for gold, as investment capital inflows can persist for months or even years. This shift is most evident in GLD.
The American SPDR Gold Shares is the world’s leading and dominant gold exchange-traded fund. Since its birth way back in November 2004, it has acted as a conduit for the vast pools of stock-market capital to migrate into and out of physical gold bullion. The marginal gold investment demand, and sometimes supply, via GLD can be big and varies wildly. Thus GLD-share trading is often gold’s primary short-term driver.
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Saturday, September 16, 2017
Will Eurozone Growth Boost Gold Prices? / Commodities / Gold and Silver 2017
The euro has appreciated about 13 percent against the U.S. dollar so far this year, as the chart below shows. Although it seemed ready to reach parity with the greenback or even to break up, the shared currency was the top-performing currency in the G10 in the first half of the year. Now, there is a hot debate about the future of the euro. As the EUR/USD exchange rate is one of the crucial drivers of gold prices (see the chart below), let’s analyze the outlook for the Eurozone and its currency.
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Saturday, September 16, 2017
Bitcoin Drops After China Ban / Currencies / Bitcoin
Bitcoin is now present in mainstream media. On the Bloomberg Markets website, we read:
Bitcoin fell for a fifth day, the longest losing streak in more than a year, after one of China’s largest online exchanges said it would stop handling trades by the end of the month amid a government crackdown on cryptocurrencies.
BTC China will immediately stop accepting new account registrations on its BTCChina Exchange, Chief Executive Bobby Lee said Thursday in a tweet. The decision was made after “carefully considering” the Sept. 4 announcement by Chinese regulators that outlawed initial coin offerings, he said.
(…)
Friday, September 15, 2017
Here’s Why The Defense Stocks Sector Is The Best Trade Today / Companies / Sector Analysis
BY PATRICK WATSON : September is not unfolding as expected.
Just a few weeks ago, this month was supposed to bring an angry stand-off in Washington and possibly a government shutdown or debt default. Those could still happen, but President Trump’s deal with the Democrats pushed it back to December.
And then we have the threat of nuclear war.
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