Thursday, September 01, 2016

The Italian EU Referendum Could Result in the Death of the Euro / ElectionOracle / Italy

By: John_Mauldin

An important election is coming up, and I’m not talking about the US presidential election. The upcoming referendum in Italy this fall will have a major macroeconomic impact on the world. But hardly anyone outside of Italy is paying much attention to it—yet.

I’ve been saying for some time in interviews around the country that the referendum in Italy could have even more of an impact than the Brexit vote did in the UK. And like the Brexit vote, it is rife with emotion and political turmoil, making the outcome too close to call.

Thursday, September 01, 2016

China Empire Investing Billions in the UK, £1 billion in Sheffield Alone, Good or Trojan Horse? / Politics / China US Conflict

By: Nadeem_Walayat

Sheffield's Labour run city council has been in celebratory mood since signing a deal in Chengdu for China to invest £1 billion pound in building projects across the city, apparently most will be city centre apartment blocks. Sheffield's Labour Council Leader declared "This is the biggest Chinese investment deal to be made by a UK city outside of London. And perhaps more importantly it is first deal of its kind to be made by a UK city, this is a real partnership."

Thursday, September 01, 2016

BrExit Economic Collapse Evaporates into Boom as PMI Soars / Economics / BrExit

By: Nadeem_Walayat

The latest news out for the UK economy is that the post BrExit economic collapse as illustrated by the Purchasing Managers Index that during July fell sharply to 48.3 (a reading below 50 implies economic contraction) which most academic economists that populate the mainstream press concluded heralded the start of a severe imminent economic downtrend, an recession early warning.

Thursday, September 01, 2016

Stocks Remain Positive Despite Down Day / Companies / Tech Stocks

By: Harry_Boxer

The stock market indices had a difficult session today, down most of the morning, back up in the afternoon, but closed negative on the day. However, many of the stocks we traded or follow did very well. So it was quite an interesting session.

The day started out with a turn to the downside, then a snapback to resistance and failed, and then they went down until midday. By midday they reached the bottom of the channel in the fifth-wave decline over the last three sessions. I indicated that a potential rally may ensue, and they had a three-wave corrective pullback to take back a big chunk of losses, but negatively closed the day.

Thursday, September 01, 2016

Gold, Silver, Mining Shares Bottom Evident / Commodities / Gold and Silver Stocks 2016

By: GoldCore

The chart below of GLD shows support on the long standing up trend line.  GDX has sported a bullish “Morning Star” pattern. Normally, Mercury Retrograde ends an up movement, but in this case has ended a down movement. Expect some upside fireworks to begin tomorrow (Sept 1) and especially on the employment report Friday. The final “C” Wave of the sequence should commence.

Wednesday, August 31, 2016

Trump in Mexico, Obama Stumps for Hillary / ElectionOracle / US Presidential Election 2016

By: Stephen_Lendman

This year’s presidential race represents duopoly governance at its worst, two aspirants vying for the nation’s highest office, both unfit to serve, voters given no choice.

The election was hacked, says Rutherford Institute’s John Whitehead. “The outcome is a foregone conclusion: the police state will win and ‘we the people’ will lose” - with no say whatever on who’ll lead them or how their country will be run.

Wednesday, August 31, 2016

Humanity at Risk / Politics / Social Issues

By: Stephen_Lendman

Never before in history was humanity more at risk than now. Earlier wars were fought with conventional weapons.

Today’s super-ones make them look like toys by comparison. Thermonuclear bombs, if used, can incinerate entire cities and surroundings.

Enough of them launched risks nuclear winter. Physician, nuclear expert, anti-war activist Helen Caldicott earlier said “nuclear technology threatens life on our planet with extinction.”

Wednesday, August 31, 2016

SPX Near a Confirmed Sell / Stock-Markets / Stock Markets 2016

By: Anthony_Cherniawski

SPX appears to be on its way to the 50-day Moving Average at 2149.76. However, the trigger point for a confirmed sell may be the Broadening Top trendline and previous bottom at 2160.39 for a confirmed sell signal. In fact, the confirmation may have been at the failed bounce after the decline to 2160.39. In any event, the SPX still has a distance to go. The floodgates of selling may open beneath the 50-day M.A., so it may be good to be ahead of the crowd.

Wednesday, August 31, 2016

Green Bond Market Will Continue To Grow / Interest-Rates / Renewable Energy

By: Chris_Vermeulen

If a bond has a negative yield, then the bondholders will lose their money on their investment. In the long run, their expectations are lower and consequently they lose the incentive to invest — which may have far-reaching repercussions.

Green Bonds Are Changing Investor Expectation’s

The rapid growth of the green bond market has sparked interest from many audiences.

Wednesday, August 31, 2016

Debt Bubble in Ireland and Globally / Interest-Rates / Global Debt Crisis 2016

By: GoldCore

Mark O’Byrne, Research Director of GoldCore, was interviewed by Max Keiser about the arrival of negative interest rates in Ireland and Germany, the risk of bail-ins, the return of a rental and property bubble in Dublin, the Irish and global debt bubble and why wealthy individuals and institutions are diversifying into gold.

Wednesday, August 31, 2016

UK Savings Market Left Devastated after Base Interest Rate Cut / Personal_Finance / UK Interest Rates

By: MoneyFacts

The Bank of England’s decision to drop the base rate has officially fuelled the fire of rate cuts across the savings market, making August the worst month of the year for cuts which total a devastating 354, compared to just 3 rate rises. This means that for every rate rise during the month there were 118 cuts.

Wednesday, August 31, 2016

S&P 500 Supported on Several Fronts / Stock-Markets / Stock Markets 2016

By: Richard_Cox

The last year saw a host of conflicting news events across the globe that affected the entire financial market.  The S&P 500 index was no exception. During this period, the S&P moved from 1,810 to 2,180 registering gains of over 20% in the process. Despite weakening economic data and building uncertainties in many global economies, the S&P 500 still managed to outperform it contemporaries due mainly to stronger domestic economic reports in the US.

Wednesday, August 31, 2016

Why Wall Street Is Throwing Billions At The Permian / Commodities / Oil Companies

By: OilPrice_Com

The collapse of oil prices has ground shale drilling to a halt, but the one region where drilling is still active, and even increasing, is in West Texas.

The Permian Basin is one of the last profitable areas to still drill with sub-$50 oil, and as other regions fall by the wayside, an increasing portion of drilling activity and spare investment dollars are flowing into the Permian. The rebound in the rig count in the U.S. is largely concentrated in the Permian. The West Texas shale basin has captured two-thirds of the 90 oil rigs that have been added since hitting a nadir in May.

Wednesday, August 31, 2016

Gold’s strong summer may be harbinger of things to come / Commodities / Gold and Silver 2016

By: Michael_J_Kosares

We are now wrapping up one of the stronger summers in memory at USAGOLD and heading into the strongest time of year seasonally for gold and silver – September through February. Normally the summer months are the quiet part of the year, but 2016 has been an exception. The price of gold is up 9% since the beginning of June and silver over 18%. ETF gold inventories reached highs in July and August not seen since 2009, the year after the collapse of Lehman Brothers and the launch of the so-called credit crisis. Some see the stronger than usual summer showing for the precious metals markets as a harbinger of things to come.

Wednesday, August 31, 2016

A Two-Bar Pattern that Points to Trade Setups / InvestorEducation / Learn to Trade

By: EWI

Some people like to get outside on the weekends, maybe playing tennis or working in the yard. Some people like to visit their friends or cook a big meal or go out to see a movie. And some people who are passionate about their work -- such as Elliott Wave International's futures analyst Jeffrey Kennedy -- like to stare at hundreds of price charts on their computer screen to find patterns that point to trade setups. We used to worry for his health but not anymore, because he's been doing it for years and he comes up with some neat stuff. A case in point is his discovery of a two-bar pattern that he named the Popgun. Find out more in this excerpt from the Club EWI eBook, How to Use Bar Patterns to Spot Trade Setups.

Wednesday, August 31, 2016

Awareness of Fed Credibility Problems Going Mainstream / Interest-Rates / US Federal Reserve Bank

By: MoneyMetals

The nation’s pre-eminent central planners just held their annual gathering at an exclusive resort just outside Jackson Hole, Wyoming and discussed how to interfere even more deeply in markets. In a speech entitled “The Federal Reserve’s Monetary Policy Toolkit: Past, Present and Future,” Fed chair Janet Yellen outlined why zero interest rate policy (ZIRP), purchases of toxic mortgage securities, and monetization of Treasury debt just aren’t adequate. Officials must add negative interest rates (NIRP) and purchases of even more sketchy assets to their “toolkit.”

Yellen has spent more than a year floating the idea of negative rates, so it is no surprise she is hustling the ludicrous policy once again. In fact, very little of what she said Friday is new. It was the usual mess of contradictions.

Wednesday, August 31, 2016

GDX Gold Stocks Update…The First Consolidation Pattern / Commodities / Gold and Silver Stocks 2016

By: Rambus_Chartology

I’m going to use the GDX as a proxy for the rest of the PM stock indexes. I can now say with a fair amount of confidence that the first consolidation phase is taking place. Lets start with just a simple daily chart for the GDX which is showing a small unbalanced double top with the right high being higher than the left high. Five days ago the price action gapped below the double top trendline and last Friday the GDX backtested the double top trendline from below. The price objective for the unbalanced double top is down to the 24.50 area.

Wednesday, August 31, 2016

Unknown Voluntary Servitude and the Creature from Jekyll Island / Politics / Social Issues

By: Richard_Mills

Here's a long debated topic. Should we leave the creation of new money in the hands of bankers or place its creation solely with our government?

Let's try and answer it.

The Creature from Jekyll Island

On the night of November 22, 1910 a delegation of the nation's leading financiers, led by Senator Nelson Aldrich, left New Jersey for a very secret ten day meeting on Jekyll Island, Georgia.

Aldrich had previously led the members of the National Monetary Commission on a two year banking tour of Europe. He had yet to write a report regarding the trip, nor had he yet offered any plans for banking reforms.

Wednesday, August 31, 2016

Why the Convoluted Message From Yellen? / Interest-Rates / US Interest Rates

By: Gary_Tanashian

Why the tough talk out of one side of her mouth and ‘other policy tools’ language out of the other (ref. Yellen Lays Out Tools… )?  Oh, I don’t know.  Maybe it has something to do with this…

The stock market has merrily followed money supply aggregates upward since 2009.  When money supply decelerates the market corrects.  When money supply ramps upward the market ramps upward.  Money supply has been rolling over since 2014, which was not coincidentally when the first tremors began for the stock market in its recently completed top (that wasn’t).  From SlopeCharts…

Tuesday, August 30, 2016

King of Debt vs. Queen of Deficits / Interest-Rates / US Debt

By: Michael_Pento

The Congressional Budget Office (CBO) estimates the total deficit for fiscal 2016 will be $590 billion. This is $152 billion (34%) greater than the shortfall posted in fiscal year 2015. And by 2026 the deficit would be considerably larger as a share of the nation’s output (GDP) than its average over the past 50 years.

In addition to this, debt held by the public would rise significantly from its already high level, reaching 86% of GDP by 2026.