Friday, May 26, 2017
Bitcoin and AltCoins Crypto Price Correction / Currencies / Bitcoin
By: Jeff_Berwick
I don’t know whether I have been uncannily prescient at predicting where the cryptocurrency market is going… or if I am causing all of the things I am predicting.
It’s a serious question. It seems that when I say I expect a cryptocurrency to go higher it immediately spikes massively higher right after.
And, yesterday, I said that a pullback in bitcoin and the altcoins was not only to be expected but was a healthy thing after such a massive run-up.
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Friday, May 26, 2017
Bearish Head and Shoulders in EURUSD? / Currencies / Forex Trading
By: Enda_Glynn
My Bias: short in wave 3 blue.
Wave Structure: downward impulse wave 1, 2 blue
Long term wave count: lower in wave 3 blue
Important risk events: EUR: N/A. USD: G7 Meetings, Core Durable Goods Orders m/m.
Friday, May 26, 2017
SELL US Stocks - Massive Market CRASH WARNING! / Stock-Markets / Stock Market Crash
By: John_Mauldin
By Stephen McBride : “I’m telling you right now, the US is going to have a crash and it will be massive,” asserted Mark Yusko at Mauldin Economics’ Strategic Investment Conference.
In his keynote speech, Mark Yusko, CIO of Morgan Creek Capital Management, outlined where he sees the biggest opportunities and risks for investors are today.
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Friday, May 26, 2017
EURGBP: A Picture of Elliott Wave Precision / Currencies / Euro
By: EWI
The euro's recent surge to two-month highs against the pound fit its Elliott wave blueprint beautifully
Let's assume financial markets are driven by news events. Negative news items cause prices to fall, while positive items fuel rallies. Easy enough, right?
Not exactly. See, there are several problems with this premise, most of all this: Investors' interpretation of the news is constantly changing. To use those events as a gauge of future price action is like trying to shoot a straight arrow in the middle of a tornado.
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Friday, May 26, 2017
Credit Downgrades May Prompt Stock Market Capital Shift / Stock-Markets / Stock Market 2017
By: Chris_Vermeulen
Recent news regarding Moody’s credit downgrades in China will likely continue to roil the global markets and present multiple unique opportunities for strategic investors. As debt concerns grow throughout some areas of Asia and new US policy efforts shake up some common perceptions, a shift in capital is likely to occur over the next few months.
Today, I read about massive layoffs in India’s technology sector as a reaction to decreasing engagement of foreign IT services/support is a result of President Trump’s policies. When we take this news in combination with Moody’s credit downgrades for China and the fact that almost all of South East Asia is interconnected in terms of economy and trade, we begin to see a picture that is fairly clear in terms of transitional economic shifts.
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Thursday, May 25, 2017
Rosenstein and Mueller: the Regime Change Tag-Team / Politics / US Politics
By: Mike_Whitney
Let’s say you own a big US corporation but need help managing your domestic accounts. So you hire a bright, young man named Bruno who just graduated from Harvard Business School with a Masters in corporate finance. And the first day on the job, you discover that Bruno has secretly employed a private detective who has obtained subpoena power to dig through all of your business accounts, all your investments past and present, all your taxes going back decades, and any personal transactions you might have made in the last 20 years or so. And, oh yeah, and he also has the authority to interview anyone he chooses, including people who might have a grudge against you or who lost money on one of your dodgy real estate deals or who simply doesn’t like the way you comb your hair. And, of course, Bruno knows that the information he gathers is going to be deliberately tweaked to look as suspicious as possible, then it’s going to be leaked to the press and splashed across the headlines, then it’s going to be presented as evidence to a Grand Jury, and then, finally– after months of excruciating testimony and nonstop mud-slinging– it will be used in criminal proceedings that will lead your removal as CEO of your corporation.
Thursday, May 25, 2017
Tackling Higher US Healthcare Costs / Personal_Finance / Healthcare Sector
By: Rodney_Johnson
In 2015, I thought my healthcare renewal statement was wrong.The premium for my shrinking family of three (two adults and one child) was increasing by more than 30%, to $1,454 per month. My earnings place me out of the subsidy bracket, so these are real dollars out of our budget.
There were plenty of insurance companies to choose from. Shrinking availability was not a problem. It was just breathtakingly expensive.
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Thursday, May 25, 2017
What the Commodity Cycle Means for Precious Metals Prices / Commodities / Gold and Silver 2017
By: MoneyMetals
The cycle for any commodity follows the same basic pattern…
When prices are low, production falls. As new supplies diminish, the market tightens and prices move higher. The higher prices incentivize producers to invest in production capacity and increase output. Eventually, the market becomes oversupplied, prices fall, and the cycle starts all over again.
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Thursday, May 25, 2017
Debt Mile Markers on the Road to Ruin / Stock-Markets / Global Debt Crisis 2017
By: DeviantInvestor
We know much is currently wrong with our financial world, as discussed in the James Rickards book “The Road to Ruin” and elsewhere.
- The official U.S. government debt is nearly $20 trillion. Unfunded liabilities are 5 – 10 times larger. Debt has doubled every 8 – 9 years for decades – since the Federal Reserve was put in charge of devaluing the dollar. Debt will continue to grow, obviously out of control.
- Millions of Americans are out of work, regardless of the official statistics.
- Prices increase, some rapidly, regardless of the official statistics on consumer price inflation.
- More government spending and debt are looming on the horizon. New and escalating wars are likely. Expect more deficits, debt, and inflation.
- The U.S. stock market is selling at all-time highs, levitated by “easy money” and unsupported by fundamentals or breadth.
Thursday, May 25, 2017
Stock Market Top - Are We There Yet? / Stock-Markets / Stock Market 2017
By: Anthony_Cherniawski
Good Morning!
SPX futures are at new highs this morning. This appears to be Wave (v) of [v] of 5…the final push.
Potential targets are as follows:
Wave 5 equals Wave 1 at 2408.83.
Wave [v] equals Wave [i] at 2413.85.
The 2-hour Cycle Top is at 2411.05.
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Thursday, May 25, 2017
Should I Invest My Fortune in Gold? Inaugural Lecture by Dr Brian Lucey / Commodities / Gold and Silver 2017
By: GoldCore
PRESENTATION HIGHLIGHTS
– Should I invest my fortune in gold?
– Lessons from gold and silver: Reviewing the research
– What precious metals can tell us about finance?
– What are precious metals and why should we care?
– What size of market and how evolved over time?
– Long and detailed history of gold and silver as money
– What does a tonne of gold look like?
Thursday, May 25, 2017
USD/CAD Continues Decline / Currencies / Forex Trading
By: Nadia_Simmons
Earlier today, USD/CAD broke below the 38.2% Fibonacci retracement. How low could the exchange rate go in the coming days?
In our opinion, the following forex trading positions are justified – summary:
EUR/USD: none
GBP/USD: none
USD/JPY: long (a stop-loss order at 107.62; the initial upside target at 111.16)
USD/CAD: none
USD/CHF: none
AUD/USD: none
Thursday, May 25, 2017
Stock Market At Record High Again, Will Stocks Accelerate Their Uptrend? / Stock-Markets / Stock Market 2017
By: Paul_Rejczak
Our intraday outlook is now neutral, and our short-term outlook is neutral. Our medium-term outlook remains neutral, following S&P 500 index breakout above last year's all-time high:
Intraday outlook (next 24 hours): neutral
Short-term outlook (next 1-2 weeks): neutral
Medium-term outlook (next 1-3 months): neutral
Long-term outlook (next year): neutral
Thursday, May 25, 2017
Bitcoin Price Goes Loco! Surges through $2,500 Despite Unclear Fork Issues / Currencies / Bitcoin
By: Jeff_Berwick
It seems like barely a day goes by without bitcoin rising $100, $200 or more.
It was only three weeks ago that we trumpeted that bitcoin had hit a new all-time high above $1300.
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Thursday, May 25, 2017
DOW Set for Short Term Correction / Stock-Markets / Stock Market 2017
By: Enda_Glynn
My Bias: short below parity.
Wave Structure: continuing impulsive structure to the downside in wave (5)
Long term wave count: decline in wave (5) blue, below parity
Important risk events: GBP: Second Estimate GDP q/q, Business Investment q/q. USD: Unemployment Claims, OPEC Meetings
Thursday, May 25, 2017
The US-Saudi Arms Deal - Sordid Saudi Signals / Politics / Saudi Arabia
By: Jim_Willie_CB
THE SAUDI ARMS DEAL SUDDENLY TRIPLED IN SIZE WITH LONG TIME SCHEDULE WITHIN THE AGREEMENT… TRUMP COMPLETED THE SINGLE LARGEST ARMS DEAL IN US-HISTORY, DONE WITH SAUDI ARABIA… IT EXCEEDED THE PREVIOUS COMMITMENT FROM TWO WEEKS AGO, NOW WORTH $350 BILLION… WITNESS US-STYLE ECONOMIC STIMULUS, THE TOXIC WAY… THE USGOVT SUPPORTS THE FADING SAUDI KINGDOM, SUPPORTS THEIR VICIOUS YEMEN WAR, AND APPLAUDS THEIR SUPPORT OF ISIS TERROR… THE USGOVT IS ENCOURAGING THE FORMATION OF A GULF REGION NATO, SURELY DEDICATED TO US-ARMS SUPPLY… CURIOUS THE PAYMENT METHOD TO COME, WITH CONJECTURE.
Thursday, May 25, 2017
The Yield Curve Is the Best Recession Indicator / Interest-Rates / Recession 2018
By: John_Mauldin
By Shannara Johnson : Every investor wishes he had a crystal ball. But there’s one thing, says David Rosenberg, chief economist at Gluskin Sheff, that has predicted imminent recessions without fail.
Speaking at the Strategic Investment Conference in Orlando, Florida, Rosenberg pointed out that since 1950, there have been 13 cycles where the Federal Reserve tightened interest rates… and 10 of them ended in recession.
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Thursday, May 25, 2017
5 Trends That Will Shape the Next Decade / Economics / Global Economy
By: John_Mauldin
In a typically ebullient presentation at Mauldin Economics’ 2017 Strategic Investment Conference on Tuesday, author, analyst, and trend-spotter Pippa Malmgren laid out key trends set to shape the early part of the 21st century.
Overall, the future is bright enough to need shades but also sunblock, according to Malmgren. The key thing we need is situational awareness. “Nobody saw the financial crisis, Brexit, or Trump coming,” she said. “I did. Not because I’m smarter than anyone else, but because people insist on looking at the world through a mathematical lens. This is a terrible mistake.”
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Wednesday, May 24, 2017
The No.1 Commodity Play In The World Today / Commodities / Metals & Mining
By: OilPrice_Com
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Wednesday, May 24, 2017
Marks and Spencer Profits Collapse, Latest Retailer Hit by Brexit Inflation Tsunami 2017 / Companies / Retail Sector
By: Nadeem_Walayat
Marks & Spencers, Britain's 6th largest retailer saw its profits collapse by 64% in the year to April 1st. With the mainstream press reliant on M&S advertising revenues eager to swallow M&S smoke screen of reasons to explain away the collapse in profits as being due to a series of one off events such as restructuring costs and property impairments when instead the reality is that the whole retail sector is set to experience a perfect storm during 2017 of falling customers disposable earnings and the Brexit inflation tsunami.