Thursday, May 25, 2017
Debt Mile Markers on the Road to Ruin / Stock-Markets / Global Debt Crisis 2017
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
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
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
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
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
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
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
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.
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Thursday, May 25, 2017
The Yield Curve Is the Best Recession Indicator / Interest-Rates / Recession 2018
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
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
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Wednesday, May 24, 2017
Marks and Spencer Profits Collapse, Latest Retailer Hit by Brexit Inflation Tsunami 2017 / Companies / Retail Sector
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.
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Wednesday, May 24, 2017
Randgold Resources Short Term Bullish Sequence / Commodities / Gold and Silver Stocks 2017
Randgold Resources (NASDAQ: GOLD) was founded 22 years ago in 1995, it’s a gold mining business operating in Africa mainly in Mali. The price of Gold & Silver dropped significantly early this month, which put a lot of pressure on mining stocks, but Randgold was one of the strongest and managed to rally %14 to make new 2017 high. Let’s take a look at the technical chart to show the potential path.
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Wednesday, May 24, 2017
Gold and Silver Bullion Now Treated As Money In Arizona / Commodities / Gold and Silver 2017
Gold and Silver Bullion Now Treated As Money In Arizona
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Wednesday, May 24, 2017
Why Online Trading Platforms Are Useful for Everyone / InvestorEducation / Learn to Trade
Despite the accessibility of online trading platforms, these entities remain synonymous with novice investors and those are new to their respective markets. After all, online platforms are largely attributed with eradicating many of the barriers to entry that once surrounded the financial marketplace, making it accessible to everyday citizens and part-time day traders. A great trading platform to try is the EmpireOption, it's one of the leading trading platform online.
While there is some truth to this, it is unfair to claim that online trading platforms only offer value to novices. In fact, they offer value to every single trader, regardless of their experience level and the individual strategies that they use to execute orders.
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Wednesday, May 24, 2017
Ian Bremmer: Trump Faces a Far More Dangerous Risk Than Impeachment / Politics / US Politics
by Patrick W. Watson : The words "Trump" and "impeachment" are often seen in the same sentence now. Few think it would happen. But there's no question another presidential impeachment attempt would be a wrenching experience for the nation.
Geopolitics expert and Eurasia Group founder Ian Bremmer doesn't worry about impeachment. Speaking at the Mauldin Economics Strategic Investment Conference on Tuesday, Bremmer said he sees a different and more worrisome risk.
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Wednesday, May 24, 2017
Stock Market Excellent Consolidation Day / Stock-Markets / Stock Market 2017
The stock market indices had a very excellent consolidation day, ending with gains on the day. The day started out with a pop to the upside, then a quick pullback, but the S&P 500 went to new highs, and the Nasdaq 100 failed to do so. When that happened, they pulled back midday. They tried to rally in the afternoon, unable to take out the highs. They pulled back at the end of the day, but then a quick, ten-minute snapback ensued that put them in the plus column.
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Wednesday, May 24, 2017
SPX Burns Stock Market Shorts / Stock-Markets / Stock Market 2017
SPX sits on the knife’s edge. There’s no new high, but no decline to speak of, yet. Anything may happen, including an overnight bust. However, I cannot make any recommendations without more substantiation.
By the way, SPX did “close the gap” at 2400.67, taking out the shorts who jumped in beneath the trendline.
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Wednesday, May 24, 2017
The Stock Market Will Tank Hard / Stock-Markets / Stock Market 2017
The script for 2017-2018: Melt Up, then Global Meltdown, says Lior Gantz, editor of Wealth Research Group, who sees industrial metals, specifically silver and zinc, leading a commodities charge, while broad indices take a nose dive.
The market cap of the NASDAQ has reached a new all-time high of $8.705 trillion recently, which is equal to 45.8% of U.S. GDP. The long-term median NASDAQ market cap/GDP ratio is only 24.91%.
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Wednesday, May 24, 2017
Louis Gave: Emerging Markets And Europe Will Outperform The US In The Next Decade / Economics / Emerging Markets
By Stephen McBride : “The key to successful investing is not picking winners, it’s avoiding losers…” Louis Gave, the head of asset management at Gavekal Research, explains his investment philosophy at Mauldin Economics’ 2017 Strategic Investment Conference.
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