Thursday, April 13, 2017
5 Events This Year That Could Spark The Next Gold Bull Market / Commodities / Gold and Silver 2017
Stephen McBride: Gold had a satisfying first quarter, rising 9% since the beginning of the year. While that can be considered a good start, five events sprinkled throughout 2017 could send it much higher.
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Thursday, April 13, 2017
Stock Market Weak Technicals, Pullback Continues, Negative Day Across the Board / Stock-Markets / Stock Market 2017
The stock market was decidedly lower today. The indices started the day out, though, with a little pop to the upside, but resistance failed immediately. They then started to work their way lower by late morning, and reached the session lows on both the S&P 500 and Nasdaq 100, bounced in the afternoon, took back about two-thirds of the losses, and then pulled back down and retested the lows before a late bounce pulled them off the lows for the day.
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Thursday, April 13, 2017
Preparing for the Reign of the First Widow / Politics / US Politics
We believe the 6 April 2017 Tomahawk missile attack on Syria indicates that Donald Trump has concluded that the fiscal, economic and political situations in the United States are beyond repair, and that without continued, massive military interventionism and spending, U.S. GDP will plunge, taking all of his campaign commitments down with it. Therefore, he has capitulated to the agenda of the Deep State looters and war profiteers. Trump’s capitulation has profound personal and financial implications for the citizens of the United States and the world.
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Thursday, April 13, 2017
United Airlines "Just Kill Him" - A Symptom of New Fascist Reality In America / Politics / US Politics
I’ve never understood airlines overbooking their flights. What other industry does that?
“Hi, I’m here to pick up the painting I bought from you online.”
“Oh, there are two other people here who bought it too. I guess I sold it too many times, sorry. I’ll just have some armed men escort you out!”
It sounds crazy, right? But, when it comes to airlines it happens all the time.
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Thursday, April 13, 2017
Stock Market Signs of Concern / Stock-Markets / Stock Market 2017
After a strong showing of strength from the markets over the last four months, a topping appears to be developing.
Some of the factors that seem to be soften the near-term bull market are geopolitical risks.
The building tensions around Syria and North Korea have placed many investors on edge and moved them toward safe-havens.
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Thursday, April 13, 2017
America, the Waning Days / Politics / Social Issues
Potential earthquakes and black swans are right ahead of us. What else is new? On April 16, Turkey has a referendum to decide whether Erdogan will become de facto supreme ruler. What happens if he loses the referendum is completely unclear, undiscussed even, but it’s obvious a loss would have the country shake on its already shaky foundations.
The Turkish economy is in horrible shape and Erdogan’s post-coup firings (hundreds of thousands) and jailings (tens of thousands) have made large parts of society unattended. The biggest of which may well be the army; you can’t fire large numbers of officers and pilots and expect to retain the same strike effectiveness.
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Wednesday, April 12, 2017
US Economy Contracting but Expect Higher Stock Prices / Stock-Markets / Stock Market 2017
The United States is the world’s largest and most diversified economy! It is currently suffering through a protracted period of slow growth which has held down job creation and labor market participation. The Pew Research Center reported, in late 2015, that a mere 19% of Americans trust the government either always or most of the time.
The FED must print more money in order to keep the party going forward.
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Wednesday, April 12, 2017
Gold Topping? / Commodities / Gold and Silver 2017
Chances are very good that gold has topped or will do so by early next week. What follows will be an intermediate degree correction.
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Wednesday, April 12, 2017
Essay: Brief History of Oracle Database / Companies / Technology
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Wednesday, April 12, 2017
Gold Prices Surge Above Key 200 Day Moving Average $1270 Level / Commodities / Gold and Silver 2017
– Gold price breaks above key 200-day moving average
– Gold hits 5-month high on back of investor nervousness
– Safe haven has 10% gains in 2017 after 9% gains in 2016
– Gold options signal more gains as ETF buying increases
Wednesday, April 12, 2017
Map Shows 16 Countries Will Be Hit Hard By The Global Exporters’ Crisis / Economics / Global Economy
The world is currently in the midst of an exporters' crisis. The stagnation in global consumption levels and decline of commodity prices have led to increased instability and insecurity in countries heavily dependent on exports.
The origins of the exporters’ crisis lie in the economic recessions that the United States and Europe experienced due to the 2008 financial crash. These countries were major consumers of Chinese goods, notably low-cost manufactured products.
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Wednesday, April 12, 2017
Rising Geopolitical Tensions Ignite Fire Under Gold and Silver Prices / Commodities / Gold and Silver 2017
Geopolitical tensions have lit a fire under gold and silver prices. A confluence of factors has finally pushed gold and silver above key technical resistance levels. Gold hit a 5-month high, rising over $20 (1.5%) to $1,275. It is the highest print for gold since the election of Trump. Silver also rocketed higher, climbing more than 40 cents (2.2%) to $18.35.
But it was not just the magnitude of the move higher that is important. Gold finally broke through the $1,260 price level, which was previous resistance and the 200-day moving average, to make a new 2017 high. We would like to see at least one more day of gold holding above this price level, but the implications of this move are significant. The RSI momentum indicator is also pointed higher with room to run before becoming overbought.
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Wednesday, April 12, 2017
Trump Supporters Winning Gold Medal In Mental Gymnastics Trying To Justify His Actions / Politics / US Politics
Donald Trump said one thing to get elected and then, once elected, did the other.
The fact that people are surprised is, in itself, the surprising part.
Hasn’t that been the history of democracy and politics since it was created?
Democracy is one of the most bizarre systems ever created, to begin with. Here is how you would explain it to a newbie:
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Wednesday, April 12, 2017
Stock Market Indices Closes Moderately Lower on the Day / Stock-Markets / Stock Market 2017
The stock market indices suffered steep losses early in the session. They came down very sharply to test an important support at the bottom of their current down channels and lateral price support, near 5360 Nasdaq 100 and 2337-8 S&P 500. By midday, they rallied very sharply and took back more than fifty percent of the losses, but pulled back at the end of the session. Only in the last ten or fifteen minutes did they spike up again to finish with nominal losses on the blue chips, but pretty solid losses on the Nasdaq 100.
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Wednesday, April 12, 2017
Charts courtesy of Jack ChanTrump's Missile Strike on Syria and Gold / Commodities / Gold and Silver 2017
Technical analyst Clive Maund charts gold's movements following the U.S. missile attack on a Syrian airbase. In Britain in the old days there was a saying, which was "Buy on a strike." It had nothing to do with economics and everything to do with psychology. When a general strike by workers was declared, stock prices would have fallen up to the point at which the strike started, when the economic outlook would have been at its worst, but well before the strike ended they would actually start rising again, as investors perceived an eventual resolution of the problems. Thus, savvy investors who bought when things looked at their worst would have made the best of the situation.
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Wednesday, April 12, 2017
Analysis and Forecasts for 50+ Global Financial and Commodity Markets / Stock-Markets / Financial Markets 2017
Hello,
On Wednesday, April 12, our friends at Elliott Wave International are "opening the doors" to their entire line of trader-focused Pro Services -- free for 7 days -- during their Pro Services Open House.
EWI Pro Services bring you opportunity-rich, professional-grade forecasts for 50+ of the world's top markets -- many 24 hours a day, complete with Elliott-wave charts and precise forecasts.
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Wednesday, April 12, 2017
The Cost of a Trump Presidency / Politics / US Politics
Last Thursday’s wanton attack on a Syrian air field by the US and its bellicose actions toward North Korea have brought to the forefront the real cost of candidate Trump’s landslide victory last November.
Unlike most laymen, accountants, and financial analysts, economists look at cost differently. For economists, cost or more specifically, “opportunity cost,” means “a benefit that a person could have received, but gave up, to take another course of action. Stated differently, opportunity cost represents an alternative given up when a decision is made.”
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Tuesday, April 11, 2017
Marc Faber: Euro to Strengthen, Dollar to Weaken, Gold and Emerging Markets to Outperform / Currencies / Forex Trading
Mike Gleason: It is my privilege now to be joined by a man who needs little introduction, Marc Faber, editor and publisher of The Gloom, Boom and Doom Report. Dr. Faber has been a long-time guest on financial shows throughout the world and is a well-known Austrian school economist and an investment advisor and it's a tremendous honor to have him on with us today.
Dr. Faber, thank you so much for joining us again and, how are you?
Marc Faber: My pleasure, thank you.
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Tuesday, April 11, 2017
Gold's Outperformance and Huge Reversal / Commodities / Gold and Silver 2017
Several things happened on Friday and the markets reacted to them, so it's not easy to interpret the final outcome. Was the reversal bearish or was the session bullish as gold didn't decline substantially even though the USD rallied? Was gold's reaction adequate, too small or too big?
Let's start the discussion with a reminder of one of the reasons for Friday's pre-market rally. In Friday's Gold Trading Alert, we wrote the following:
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Tuesday, April 11, 2017
Bank of England Rigging LIBOR – Gold Market Too? / Commodities / Gold and Silver 2017
– Bank of England implicated in LIBOR scandal by BBC
– “We’ve had some very serious pressure from the UK government and the Bank of England about pushing our Libors lower.”
– “This goes much much higher than me” -UBS’ Tom Hayes
– Libor distraction as all markets are manipulated today
– Central bank’s “rigging” bond markets and likely gold
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