Monday, July 31, 2017
Bitcoin, ICO Risk Versus Immutable Gold and Silver / Commodities / Gold and Silver 2017
– Latest developments show risks in crypto currencies
– Confusion as bitcoin may split tomorrow
– SEC stepped into express concern over ICOs
– ICOs have so far raised $1.2 billion in 2017
– ICOs preying on lack of understanding from investors
– Physical gold not vulnerable to technological risk
– Beauty and safety in simplicity of gold and silver
Monday, July 31, 2017
Mixed Expectations As Stocks Trade Along New Record High / Stock-Markets / Stock Market 2017
Our intraday outlook is bearish, and our short-term outlook is bearish. Our medium-term outlook remains neutral, following S&P 500 index breakout above last year's all-time high:
Intraday outlook (next 24 hours): bearish
Short-term outlook (next 1-2 weeks): bearish
Medium-term outlook (next 1-3 months): neutral
Long-term outlook (next year): neutral
Monday, July 31, 2017
Buy-to-let Mortgage Interest Rates Still Falling / Housing-Market / Buy to Let
Despite the increased scrutiny the buy-to-let (BTL) market has been facing, BTL mortgage competition is showing no signs of stopping. Research from moneyfacts.co.uk shows that the average two-year fixed BTL rate has fallen by 0.31% in one year, and even though the pace of the fall has slowed in recent months, the market has now recovered from the significant drop in products that was seen at the start of this year.
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Monday, July 31, 2017
Gold Price Would Test 1300 Resistance / Commodities / Gold and Silver 2017
XAUUSD recently broke above 1258.78 resistance and continued its bullish movement from the July 10 low of 1204.77, and the bullish movement extended to as high as 1270.81.
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Monday, July 31, 2017
Exposing the US Government As Terrorist Organization / Politics / US Politics
I recently had the opportunity to speak on Iran’s PressTV channel. It was great being able to speak a bit of truth about the state of the world and evil transgressions perpetrated by the US government on a relatively well-known network.
The first thing I was asked about was what kind of repercussions the US sanctions on Russia, Iran, and North Korea will have? I responded by bringing up the great anarchist, Frederick Bastiat’s, quote “When goods don’t cross borders, Soldiers will.”
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Monday, July 31, 2017
Precious Metals Stocks Alert: Gold Powerful Upleg Believed Imminent / Commodities / Gold and Silver 2017
Clive Maund analyzes the significant increase in Large Spec positions in gold and silver in the past week, and the gold stocks to gold ratio.
The significant increase in Large Spec long positions this past week in gold and silver from a very low level might be cause of concern to some, since it of course increases the risk of a reaction in these metals, but there is another much more positive way of looking at it, which is that, in the face of a continued albeit incremental rise in the prices of gold and silver, the Large Specs have suddenly realized their mistake in bailing out over the past couple of months, and are scrambling to get back on board.
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Monday, July 31, 2017
Why the Stock Market Must Fall Hard! / Stock-Markets / Stock Market 2017
I have been warning for over a week now about a coming waterfall decline. The wave counts and cycles are at the point where I believe it is a virtual impossibility for the market not to implode Monday for the biggest one day loss of the year.
This next chart shows the daily e-wave count:
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Monday, July 31, 2017
Stock Market Final Minor Correction? / Stock-Markets / Stock Market 2017
Current Position of the Market
SPX Long-term trend: Uptrend continues with a serious loss of upside momentum in weekly indicators.
SPX Intermediate trend: An ending pattern appears to be in its last stages of completion. This should be followed by an intermediate term correction into October.
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Monday, July 31, 2017
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Sunday, July 30, 2017
The Perfect Stock Market Crash Indicator Is Flashing Red / Stock-Markets / US Auto's
What’s the last big toy you buy when things have been good for a really long time and you already have all the other toys? An RV, of course. A dubious thing to own if you already have a house, but when the good times seem likely to roll on forever, why the hell not?
And what’s the first thing you sell when you lose your job and your stocks are tanking? That very same RV. Which makes new RV sales a useful indicator of our place in the business cycle.
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Sunday, July 30, 2017
Hacker Cracks US Voting Machine - If Politics Seem Messy Now, Just Wait / ElectionOracle / US Politics
It’s already widely understood that the electronic voting machines used by a growing number of US states are easy to hack. But just how easy may not be clear. Consider this from today’s Wall Street Journal:
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Sunday, July 30, 2017
368 TRILLION Reasons the Fed Won’t “Normalize” Rates / Interest-Rates / US Interest Rates
Many commentators are baffled as to why the Fed has suddenly reversed course. Throughout 2017 the Fed has talked repeatedly about raising rates several times as well as shrinking its balance sheet.
Then in the span of a single month, the Fed just about dropped all of this. Fed Chair Janet Yellen, speaking to Congress, confessed that the Fed is just about done with rate hikes and that any balance sheet reduction will NOT be used to drain liquidity from the system.
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Sunday, July 30, 2017
Investment Legend Warns of a 1987-Type Market Crash / Stock-Markets / Financial Crash
Klarman is founder of Baupost Group and is widely considered to be one of the greatest value investors in history. In 30+ years from 1982 to 2015, he only had three losing years, and is believed to have averaged returns of 16%.
Bear in mind, he did thiswhile keeping 30%-50% in cash at all times.
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Sunday, July 30, 2017
Stock Market SPX Uptrending Again After Minuscule Correction / Stock-Markets / Stock Market 2017
The week started at SPX 2473. With nothing more than a pullback to SPX 2466 on Monday, the market worked its way to a new all-time high at 2484 on Thursday. After opening at the high the market started to pullback, then sold off to SPX 2460 in the afternoon. After that the market rebounded to end the week at SPX 2372. For the week the SPX/DOW were mixed, and the NDX/NAZ lost 0.20%. Economic reports were mostly positive, with no rate increase at the FOMC meeting. On the downtick: existing homes sales, plus jobless claims rose. On the uptick: consumer confidence/sentiment, new home sales, durable goods, and Q2 GDP. Next week’s reports will be highlighted by the ISMs and monthly payrolls. Best to your week!
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Sunday, July 30, 2017
Gold And Silver – Value Remains Irrelevant To Price / Commodities / Gold and Silver 2017
Value is subjective, reflective of one’s feelings or opinions. In the minds of those who value gold, throughout the ages and around the world, this precious metal is deemed to have an intrinsic value superior to most other assets. The well-used adjective, intrinsic, is also subjective, construed as essential, belonging naturally in its association with gold. In the end, “intrinsic value” is elusive, a figment of one’s mind.
There are many, and we fall in this camp, who associate gold with an inherent preservation of wealth. This has been true throughout history but with intervening failures during some time frames. Failure may not be the most apt expression, but many detractors are happy to point out those times when gold did not retain its status as a wealth preserver, and in fact, losses were on the table for many who paid a price higher than for what their gold was sold. It happens. The net result of gold being a wealth preserver holds true, but with periodic, and some times substantial, yet temporary, reversals. This time will be no different.
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Saturday, July 29, 2017
Bitcoin Price Soars As Everyone Wants a Bitcoin Cash Lottery Ticket on August 1st / Currencies / Bitcoin
Bitcoin has been soaring in recent days and it is likely due to the fact that there will be a bitcoin hard fork on August 1st.
Many speculated that a fork would cause the price of bitcoin to drop. But that is far from the case. And it makes sense that the price is actually increasing on this news because if you hold bitcoin properly (more on that soon) you will end up with both Bitcoin (BTC) and Bitcoin Cash (BCC)... and we know from experience with the Ethereum fork into Ethereum and Ethereum Classic, that the two combined can be worth much more than just the one.
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Saturday, July 29, 2017
Chinese Leverage To Kill Petro-Dollar / Commodities / Crude Oil
The Chinese Govt is greatly irritated by the requirement to use USDollars in payment for crude oil in the global market. The Beijing officials finally have some leverage in arranging for a major deal to pay for crude oil in RMB currency, their Yuan. The negotiations have been in progress for a couple months. The development is not covered well in the financial press, not even in the alternative media. It will happen, just a matter of time. Its effect will be far reaching and likely devastating.
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Saturday, July 29, 2017
America – Then and Now – Part 1 / Politics / US Politics
Yesterday Andy had a chance to go on Liberty Talk Radio and talk about what is going on economically. We decided that despite what we felt was a great show, that it didn’t even scratch the surface in terms of the differences between how things used to be and how they are now. Particularly disturbing is the relative lack of understanding or willingness to even accept the changes that have taken place by the majority of the population. The latter is called ‘normalcy bias’. It is something ingrained in each of us as a human and either reinforced or stunted by our experiences. We aren’t sure how far down the road of ‘Then and Now’ we’ll get in today’s installment. There may be future installments.
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Saturday, July 29, 2017
Potential Winners in Space Exploration / Politics / Technology
In the pre-dawn hours of Saturday, October 12, 1957, a cold north wind blew through the streets of Baltimore. The temperature hovered around 40 degrees, but many of the people standing outside weren’t concerned about the chilly air.They trained their binoculars on the sky. A small, glowing object streaked through the darkness and changed their world forever. Footage shot from down below by a local TV cameraman ended up on the national news.
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Saturday, July 29, 2017
Are Cryptocurrencies for Real? / Currencies / BlockChain
Bitcoin. Blockchain. Ethereum. Veritaseum. Litecoin. Ripple. ICOs.
It seems like nowadays you can’t listen to or read the news without hearing something about cryptocurrencies. And it looks like investors are going crazy over it.
Ripple has gained 3,000% this year.
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