Tuesday, September 12, 2017
Let's Get Practical: Is the S&P 500 Over or Under Valued? / Stock-Markets / Stock Market 2017
Let's Get Practical: Is the S&P 500 Over or Under Valued?
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Tuesday, September 12, 2017
Reverse H&S Pattern in Gold / Commodities / Gold and Silver 2017
Last week, we received quite a few messages in which readers asked about the long-term reverse head-and-shoulders pattern in gold and related ratios. In today’s alert we discuss this in greater detail.
Let’s jump right into the gold chart (charts courtesy of http://stockcharts.com).
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Tuesday, September 12, 2017
David Smith: Precious Metals Supply Pipeline “Getting Harder and Harder to Fill” / Commodities / Gold and Silver 2017
Mike Gleason: It is my privilege now to welcome back David Smith, senior analyst at The Morgan Report and regular contributor to MoneyMetals.com. David, thanks for joining us again and how are you?
David Smith: I'm just fine, Mike. It's great to be back.
Mike Gleason: Well, David, not too long ago you wrote an article for our site about how gold and silver were getting ready for an historic run you called it. So, before we start discussing some of the market action here recently, fill our listeners in on why you believe things were set up and are set up for us to see a good run in the metals here.
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Tuesday, September 12, 2017
Here’s A Strong Case For A Strong Yen / Currencies / Japanese Yen
I am well-known for suggesting that Japan was a bug in search of a windshield and in predicting that the yen would go 200 to the dollar.
About four years ago, when the yen was at 100, I even purchased 10-year options, which were ridiculously cheap, with strike prices 20 to 30 yen higher. I was willing to be patient and wait for 10 years, if I had to.
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Monday, September 11, 2017
SPX Futures Are Higher, But No Breakout / Stock-Markets / Stock Market 2017
SPX futures rose to 2475.00 in overnight trading, giving rise to Wave (c) of a Wave [ii] correction. Last week’s inability to close beneath the mid-Cycle support/resistance gave us a hint of what was to come. The futures Wave structure suggests that the retracement may be over, or nearly so.
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Monday, September 11, 2017
The United States of Hubris / Politics / US Politics
If anyone should have any questions about whether the United States of America is not the most aggressive, warlike, and terroristic nation on the face of the earth, its latest proposed action against the supposed rogue state of North Korea should allay any such doubts.
Last week, the US circulated a draft resolution which it intends to present to the UN Security Council that would give the American Navy and Air Force the power to interdict North Korean ships at sea to determine if they were transporting “weaponry material” or fuel and that US forces would be given “the right” to use “all necessary measures” to “enforce compliance.”*
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Monday, September 11, 2017
Number of BTL Mortgage Deals Highest in Almost a Decade / Housing-Market / Buy to Let
Moneyfacts UK Mortgage Trends Treasury Report data, not yet published, shows that the number of buy-to-let (BTL) products has increased by 7% in just one month to reach its highest level since December 2007.
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Monday, September 11, 2017
Stock Market Positive Expectations As Investors' Sentiment Improves / Stock-Markets / Stock Market 2017
Briefly: Intraday trade: Our Friday's neutral intraday outlook has proved accurate. The S&P 500 index continued to fluctuate within its week-long trading range. The broad stock market is likely to open much higher today following futures contract rally after an overnight gap-up opening. We can see some short-term technical overbought conditions. Therefore, intraday short position is favored. Stop-loss is at the level of 2,490, close to early August record high. Potential profit target is at 2,455 (S&P 500 index).
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Monday, September 11, 2017
USDJPY Broke Below 108.13 Key Support / Currencies / US Dollar
USDJPY recently broke below a major support level at 108.13, indicating that the sideways movement in a trading range between 108.13 and 115.50 is complete and the downtrend from 118.66 has resumed.
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Monday, September 11, 2017
Precious Metals Sector is on Major Buy Signal / Commodities / Gold and Silver 2017
Technical analyst Jack Chan charts the latest moves in the gold and silver markets.
Our proprietary cycle indicator is up.
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Monday, September 11, 2017
Could This Be The Biggest Biotech Breakthrough Of The Year? / Companies / BioTech
Someone dies of a stroke every 4 minutes in the United States. Globally, 15 million people suffer a stroke every year. It’s debilitating physically and financially—but one little-known company has developed a medical device that hopes to challenge that deadly statistic.
It’s been quietly developing this new technology for 10 years. Now it’s released updated preliminary clinical trial results, and signed a manufacturing deal which could make a significant impact in the medical device industry.
After a decade of painstaking development, we’re now nearing the end of the long road to validation, and for investors who understand this industry, this could be the critical juncture.
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Monday, September 11, 2017
Hurricane Irma Delays Stock Market Uptrend / Stock-Markets / Stock Market 2017
Current Position of the Market
SPX Long-term trend: The uptrend should continue after pausing for a correction.
SPX Intermediate trend: Unconfirmed sell signal.
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 11, 2017
The Recent Metals Action Is “Causing” Me To Change My Life / Commodities / Gold and Silver 2017
I have made a ground-breaking discovery this past week. It is so earth shattering, that it will literally change the course of my life, and may cause you to change yours as well. Let me explain.Maybe you believe that the stock market volatility was the reason the metals rose? Well, the S&P500 is within 2% of its all-time highs, yet the metals have continued to rally alongside the market.
Monday, September 11, 2017
The Big Unwinding / Currencies / US Dollar
Below is $USDJPY weekly, with $GOLD:$USD in the background. I am using $USD as the denominator for consistency.
Comments:
1. $USDJPY and $GOLD:$USD are inversely correlated
2. The long super cycle for $USDJPY is 180 months (or 15 years) low to low, and the half cycle harmonic is 90 months, low to low.
3. The long super cycle low bottomed in 2011, and its next low will be in 2026/27, which also coincides with the 5th K wave peak in commodities.
4. The 90 month half cycle also bottomed in 2011, with the 15 year super cycle. The next half cycle low will be in first half of 2019, followed by 2026/27, with the 5th K wave peak in commodities.
Monday, September 11, 2017
Hurricanes Harvey and Irma Damage, America Can’t Afford to Rebuild / Economics / US Debt
A number of people have argued over the past few days that Hurricane Harvey will NOT boost the US housing market. As if any such argument would or should be required. Hurricane Irma will not provide any such boost either. News about the ‘resurrection’ of New Orleans post-Katrina has pretty much dried up, but we know scores of people there never returned, in most cases because they couldn’t afford to.
And Katrina took place 12 years ago, well before the financial crisis. How do you think this will play out today? Houston is a rich city, but that doesn’t mean it’s full of rich people only. Most homeowners in the city and its surroundings have no flood insurance; they can’t afford it. But they still lost everything. So how will they rebuild?
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Sunday, September 10, 2017
Another Demographic D-Day is Coming for Japan / Economics / Japan Economy
D-Day.Demographic death day.
Maybe not as bloody as the battlefield in Normandy but equally as devastating in the long term.
And Japan is facing its second one.
Japan’s Baby Boom started to slow down in 1942 coming into World War II and peaked – forever – in 1949 after soldiers came home from war and made a lot of babies.
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Sunday, September 10, 2017
The Rules of Angel Investing From Someone Who’s Tried / InvestorEducation / Learning to Invest
Salesmen rarely make good managers or business owners. But that doesn’t stop them from trying.It used to be a hallmark of American business that successful salesmen were promoted. The logic is obvious. Whatever makes Joe or Amy great at selling the company wares should be emulated by others, thereby making the company more successful.
But selling and managing require very different skills, much like playing a sport and coaching are different.
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Sunday, September 10, 2017
Hurricane Trump Blowing the Debt Ceiling Roof Off / Interest-Rates / US Debt
Of all the absurd Washington pantomimes none has been as reliably entertaining and maddening as the annual debates to raise the debt ceiling. Although the outcome was always a foregone conclusion (the ceiling would be raised), the excitement came when fiscal conservatives bemoaned the perils of runaway debt and “attempted” to exact spending restrictions through threats “to shut down the government,” (which often led to news coverage of tourists being turned away from national parks.) On the other side of the aisle Democrats would rail that the ceiling must be raised “because America always pays her bills.” Lost was the irony that “paying” bills with borrowed money was fiscally responsible, and that raising the ceiling actually enabled America to continue to avoid paying its bills. After these amateur theatrics, the ceiling would be lifted and Washington would go on as if nothing happened. But at least the performance threw occasional light on the nation’s debt problems.Read full article... Read full article...
Sunday, September 10, 2017
Major Gold Mining Stocks Breakouts / Commodities / Gold and Silver Stocks 2017
The gold stocks are off to the races again, with big gains mounting. They just staged major breakouts, shattering a vexing consolidation that had trapped them for an entire year. Such momentum early in gold’s strong season is a very-bullish portent. As higher prices improve both technicals and sentiment, buying begets more buying. With gold-stock prices still quite low in secular terms, their upside remains huge.
Gold stocks are a small contrarian sector without a wide following. So their latest surge has surprised many investors and speculators. But it shouldn’t have. In the markets knowledge is profits, so staying informed about gold stocks’ fundamentals, technicals, and sentiment is crucial. The traders who did their homework this summer and bought in low when few others were willing are now sitting on fat unrealized gains.
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Sunday, September 10, 2017
This Indicators' 30-Year Track Record is Flashing Red for Stocks - Video / Stock-Markets / Stock Market 2017
This Indicators' 30-Year Track Record is Flashing Red for Stocks
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