Thursday, April 06, 2017

The Syria ‘Chemical Attack’ / Politics / Syria

By: Raul_I_Meijer

Reading up on the Syria ‘chemical attack’ issue (is that the right term to use?). The headlines are entirely predictable, and by now that probably won’t surprise anyone, no matter where they are or what views they adhere to. We know there’s been an attack and that some kind of chemical was used. The media talk about sarin.

They also, almost unanimously, blame the Syrian government of Bashar al-Assad for it. But that’s the same government that just this week saw both US Foreign Secretary Rex Tillerson and US UN enjoy Nikki Haley point to a significant shift in American policy, towards a view that removing Assad is no longer a priority in US Middle-East policy.

Wednesday, April 05, 2017

Stock Market Investors Stupid is as Stupid Goes / Stock-Markets / Stock Market 2017

By: James_Quinn

If you prefer fake news, fake data, and a fake narrative about an improving economy and stock market headed to 30,000, don’t read this fact based, reality check article. The level of stupidity engulfing the country has reached epic proportions, as the mainstream fake news networks flog bullshit Russian conspiracy stories, knowing at least 50% of the non-thinking iGadget distracted public believes anything they hear on the boob tube.

This stupendous degree of utter stupidity goes to a new level of idiocy when it comes to the stock market. The rigged fleecing machine known as Wall Street has gone into hyper-drive since futures dropped by 700 points on the night of Trump’s election. An already extremely overvalued market, as measured by every historically accurate valuation metric, soared by 4,000 points from that futures low – over 20% – to an all-time high. Despite dozens of warning signs and the experience of two 40% to 50% crashes in the last fifteen years, lemming like investors are confident the future is so bright they gotta wear shades.

Wednesday, April 05, 2017

When Will Russia Run Out Of Oil? / Commodities / Crude Oil

By: OilPrice_Com

On a global level, 2015 and 2016 marked the lowest level of new conventional oil discoveries since 1952. In 2016, only 3.7 billion barrels of conventional oil were discovered, roughly 45 days of global crude consumption or 0.2 percent of global proved reserves. Globally, exploratory drilling fell by almost 20 percent in 2015 and fell even further in 2016. Russia’s exploration activities, which were hit not only by plummeting oil prices but also by a targeted sanctions regime, suffered a double blow during this period. In 2015, only seven new hydrocarbon discoveries were made in Russia, three of them in the Baltic Sea. In 2016, oil and gas companies in Russia discovered 40 prospective fields, however, the 3P reserves of the largest among them, Rosneft’s Nertsetinskoye, amounted to 17.4 million tons. This stands in stark contrast with pre-sanction period achievements, for instance, 2014’s largest find, Pobeda, is believed to contain 130 million tons of oil and 0.5TCm of gas.

Wednesday, April 05, 2017

Stocks Will Always Go Up, What Could Possibly Go Wrong? / Stock-Markets / Stock Market 2017

By: Axel_Merk

This time is different. Stocks will always go up. And pigs can fly. Given that pigs are highly intelligent, don't bet against them. That said, investors might want to take at least the first two statements with a grain of salt.

In the 1990s, stocks continued to rise relentlessly for years, even after then Fed Chair Greenspan warned of irrational exuberance in late 1996.

Last decade, the rally in home prices continued as ever more people appeared convinced that home prices never fall.

Wednesday, April 05, 2017

How Will Falling Oil Prices Impact on Climate Change? / Commodities / Climate Change

By: Submissions

The state of the oil market has remained a talking point for months now, after prices plummeted and supply lines increased for the third consecutive year in 2016. While the OPEC has finally taken action and attempted to broker separate deals between member and non-member nations, there remain some concerns that a lack of universal cooperation will ultimately doom these agreements to failure.

Wednesday, April 05, 2017

Odd, Ominous Economic Trend in the US That Is Not Seen Anywhere Else in the World / Economics / US Economy

By: John_Mauldin

I’ve written about this previously, but there are 10 million American men of prime working age (25 to 54) who have simply dropped out of the workforce. And most of them have not only dropped out of the workforce, they have also dropped out from any commitments or responsibilities to society.

It is not just the labor force they are not participating in; they are not participating in the normal ebb and flow of community life.

Wednesday, April 05, 2017

India’s Technological Revolution Has Already Left the West Behind / Economics / India

By: John_Mauldin

My friend Raoul Pal, mastermind of Global Macro Investor, writes one of the most expensive macroeconomic letters in the world. His subscriber list is short and extremely exclusive.

Raul comes up with more unique ideas per year than any man I know. What’s fascinating is that once he comes up with an idea, you then begin to see it filtering into the trading/hedge fund community.

Wednesday, April 05, 2017

British Billionaire Jim Mellon Says Biotech Is the Best Investment Now / Companies / BioTech

By: John_Mauldin

BY PATRICK COX : We are in the midst of an unprecedented change. Life spans have nearly doubled since the beginning of the 20^th century. In addition, recent advances in computer technology have had a huge impact on biological sciences, which means this trend will accelerate.

Still, most people think that the process of aging will go on pretty much as it is now. They’re wrong.

Wednesday, April 05, 2017

2 Charts Show Just How Close We Are to US Healthcare Collapse / Politics / Healthcare Sector

By: John_Mauldin

BY PATRICK WATSON : Like it or not, Obamacare lives. The question is, for how long?

President Trump is right when he says the Affordable Care Act will collapse on its own. Its condition is terminal, and Congress declined treatment.

Maybe that’s no big deal to you. Maybe you’re on Medicare, or get group health coverage from your employer, or are independently wealthy, or you’re in good health and confident you will remain so.

Wednesday, April 05, 2017

US Debt Ceiling Shutdown: What Would Happen if the Government Shut Down For Good? / Interest-Rates / US Debt

By: Jeff_Berwick

It’s that time of year again where the US government acts like it will “shut down” and argues about nonsensical things to try to make people believe they are somehow necessary.

In 2015, Congress suspended the ceiling, which let the government borrow as much as it wanted through March 15, 2017. On that date, the total national debt was $19.846 trillion, and the government can't exceed that limit without approval from Congress.

Wednesday, April 05, 2017

What Happens to Britain’s Borders After the Brexit? Potential to Fracture the U.K. / Politics / BrExit

By: STRATFOR

Splitting from the European Union will inevitably strain the United Kingdom's territorial integrity. Those pushing for Scotland and Northern Ireland to secede from the United Kingdom are using Brexit to justify their agendas. Brexit will also open a debate between the central government in London and the country's devolved governments about who will control the powers that will be repatriated from Brussels. With authority over policy areas such as agriculture, fisheries, industry and the environment returning to the United Kingdom after Brexit, the administrations of Wales, Scotland and Northern Ireland will push London to transfer many of those attributions to them.

Wednesday, April 05, 2017

Stock Market Finished Positive Just Under Key Resistance / Stock-Markets / Stock Market 2017

By: Harry_Boxer

The stock market had somewhat of a turnaround Tuesday today, but the indices suffered some early losses, held support, and rallied back in a choppy, but in a steady up-channel. Although key overhead resistance at 5440 Nasdaq 100 and 2360 S&P 500 were repeatedly tested, they were not taken out. They did close near there those numbers, so we’ll have to see what happens tomorrow.

Wednesday, April 05, 2017

Tesco Dodges a Bullet Customers to Pay £220m for SFO Fraud Fine and Investors Compensation / Companies / Tesco

By: Nadeem_Walayat

So Tesco managed to dodge a bullet and avoid a criminal prosecution by agreeing to pay a fine of £129m as part of a Deferred Prosecution Agreement with the Serious Fraud Office for its 2014 false accounting scandal as well as to compensate investors by an estimated £90m (including interest) for those who bought Tesco shares on the basis of false accounting in 2014.

Wednesday, April 05, 2017

SPX Under Resistance / Stock-Markets / Stock Market 2017

By: Anthony_Cherniawski

SPX is right back where it was on March 23, having challenged the Lip of the Cup with Handle for the first time and bringing up the notion of a potential flash crash. Funny thing is, the potential has not changed, it just got delayed. Could something big happen tomorrow? At this point it is anyone’s guess. Many bears have turned neutral, simply because the pattern looks more bullish than bearish. As long as SPX remains under Short-term resistance at 2360.67, the pattern remains bearish. Above that, it turns neutral, while above 2370.42 it may be bullish.

Tuesday, April 04, 2017

Stock Market Trends; Is the Stock Market Heading for a Crash? / Stock-Markets / Stock Market 2017

By: Sol_Palha

"A moment's insight is sometimes worth a life's experience." ~ Oliver Wendell Holmes

This Bull started off as the most hated bull market in History, and it is now metamorphosing into the most insane of all Bull Markets. By any measure, this Market needs to let out some steam as it is trading in the extreme of the extremely overbought ranges. Historically, the crowd is almost always in the bullish camp at this stage of the game, but that does not appear to be the case. In fact, what stands out is that the masses are as anxious as ever, and yet the markets are trading close to their highs.

Tuesday, April 04, 2017

EUR/USD - Another Invalidation of Breakout / Currencies / Forex Trading

By: Nadia_Simmons

On Friday, the euro extended losses against the greenback and closed the week under the previously broken long-term support/resistance line, invalidating the earlier breakout. Will this negative development encourage currency bears to act in the coming week?

In our opinion, the following forex trading positions are justified - summary:

EUR/USD: short (a stop-loss order at 1.0967; the initial downside target at 1.0521)
GBP/USD: short (a stop-loss order at 1.2738; the downside target at 1.2157)
USD/JPY: none
USD/CAD: none

Tuesday, April 04, 2017

Negative Real Interest Rates to Drive Gold Price Higher / Commodities / Gold and Silver 2017

By: John_Mauldin

At its March meeting, the Federal Reserve raised interest rates by 0.25%. In doing so, it hiked rates for only the third time since 2006. However, in a strange turn of events, the Fed’s move was perceived as a dovish one by the markets.

That’s because even with inflation at its highest level since 2012, the Fed said monetary policy will remain accommodative “for some time.” As has been the case in the past, the Fed is willing to let inflation consolidate above its 2% target before embarking on a more aggressive tightening path.

Tuesday, April 04, 2017

What's Next for Crude Oil Stocks? / Commodities / Oil Companies

By: Nadia_Simmons

Without a doubt, the previous week was the best week of 2017 for oil bulls. In that time, the black gold gained 5.48% and invalidated the earlier breakdown under the psychologically important barrier of $50. What happened at the same time with oil stocks? What's next for the XOI? Let's jump right into charts (chart courtesy of http://stockcharts.com) and find out what can we infer from them about future moves.

Let's start today's article with the long-term chart of oil stocks.

Tuesday, April 04, 2017

All Eyes on US Bond Market Yields / Interest-Rates / US Bonds

By: Mike_Paulenoff

After the first day of trading of April, a relatively uneventful one for the equity markets in general, the most consequential market for me is 10-year yield!

Yield continues to exhibit weakness, and is bearing down on a critical 5-month support level at 2.30%, which if violated and sustained, will trigger downside continuation signals that project to 2.10% optimally, and possibly to 2.00% prior to the next upmove (in yield).

Tuesday, April 04, 2017

Gold Price 2017 - Jim Rickards and I Are on the Same Page / Commodities / Gold and Silver Stocks 2017

By: The_Gold_Report

Risks to the global economy was the main topic of the conversation between precious metals expert Jim Rickards and Lior Gantz, editor of Wealth Research Group.