Tuesday, July 05, 2016

While You Were Watching 4th July Fireworks, Silver Surged Above $21 / Commodities / Gold and Silver 2016

By: Jason_Hamlin

While most Americans were busy watching fireworks explode across the night sky, the real fireworks were taking place with the silver price. During Asian and London hours it surged over 7%, taking out psychological resistance at $20 and briefly surging above $21 for the first time since 2013!

Tuesday, July 05, 2016

Miners, Gold, Silver Near Top, Stock Market Could Go Either Way / Stock-Markets / Financial Markets 2016

By: Brad_Gudgeon

The precious metals complex looks toppy here and a pull back is warranted into the end of July (see chart below for added information).

The stock market is in a critical zone.  The 4 TD low is overdue by 1 TD and the 8 TD low is due on July 8th.  The 16 TD low is due on July 11.  The bullish scenario sees a move back to near 2082 SPX on July 5th a rally to 2126 on July 6th and then a pull back to 2070 by July 8th.  BUT, IF July 8th holds near the July 5th lows and cracks through it on July 11 to near 1980 SPX, all bets are off for the upside. Either way, we should see an important top on July 6th.

Tuesday, July 05, 2016

NYSE Stock Market Megaphone Top & Brexit / Stock-Markets / Stock Markets 2016

By: Joseph_VanDerveer

The market has been strong and holding up even in the face of "Brexit" the British referendum which resulted in the majority deciding to vote "leave".

Trading the markets has a lot to do with psychology and many veteran traders are well aware of this.

Which brings me to my next point, July 2015, or more precisely July 5th, 2015, when Greece voters overwhelmingly voted no in their own referendum or popular vote.

Tuesday, July 05, 2016

Robert Kiyosaki Warns 2016 Jubilee Year Collapse Going To Make A Lot of Poor Dads / Stock-Markets / Financial Crisis 2016

By: Jeff_Berwick

Already in Jubilee 2016, we’ve seen incredible volatility.  Brexit is just one example.  Within a matter of minutes the British pound soared (when Bremain had the early lead in results) and then had its worst crash in history a few minutes later.  The British stock market fell 5.6% quickly after Brexit and has now moved up dramatically in the last week.

Volatility in the markets is just like volatility in real life.  Your car rides fine for thousands of miles and then, suddenly,begins to shake madly:  A wheel is in danger of falling off, and if you don’t stop quick enough it ends up in a crash.

Tuesday, July 05, 2016

Brexit!!! Silver!!! Bonds!!! Deflation!!! / Stock-Markets / Financial Markets 2016

By: Gary_Tanashian

It’s a funny title for a segment, but it is appropriate. I don’t want to be too flippant with dismissals of inflammatory market events like ‘Brexit’ as simply hype. There is very real macro fundamental shifting going on behind the hype. But in market management, macro fundamentals play out over long stretches of time and nobody knows exactly how all the moving parts are going to affect the subject of the hype (in this case Britain and the EU), let alone the asset markets we are tasked to invest in, trade or avoid.

Monday, July 04, 2016

Federal Reserve Quantifornication Revisited / Interest-Rates / US Federal Reserve Bank

By: Richard_Mills

Californication is a brilliant 1999 song by the Red Hot Chili Peppers. Many of the lyrics reference the often insane, unrealistic, impossible dream images Hollywood sells to the world.

"Space may be the final frontier but it's made in a Hollywood basement."

Quantifornication is the term I coined for what the Federal Reserve is selling to the world - the unrealistic, insane fiat dream that the monetary policy employed by the Fed can fix the predicament we are in.

Monday, July 04, 2016

Silver Price Independence Day Breakout / Commodities / Gold and Silver 2016

By: Jim_Willie_CB

The spot prices scream loud. The Silver breakout will be one to behold in the history books. Silver has broken the shackles of the vile banker cabal. Silver has begun its historic run-up. Silver will capture the world's attention. The equivalent of the 1980 Hunt Brothers breakout in today's terms would be $200 per oz. The fundamentals for Silver look better than almost every commodity on earth. Silver has declared independence from the control rooms and their paper gimmicks. The Silver imbalance is monstrous. Gold has broken the gates down with the British Exit vote, pushing its price over the tough stubborn $1300 resistance line. In the following days it has been adding to its gains. But Silver has emerged amidst the political smoke and deceptive din to ride hard through the gate.

Monday, July 04, 2016

Gold Stocks INDEPENDENCE DAY -> HELL TO PAY !! / Commodities / Gold and Silver Stocks 2016

By: Denali_Guide

Imagine the anger and angst if you were a baby abandoned this way.
Fig 1 (Aug 28, 2013)

Monday, July 04, 2016

Deutsche Bank to Trigger the Next Financial Crisis! / Stock-Markets / Financial Crisis 2016

By: Chris_Vermeulen

I am certain that you remember Lehman Brothers and the “chaos” that it created when it ‘failed’. If you think that the Worlds’ Central Banks are now wiser and consequently will not allow another similar event to occur, think again. We will not only see a repeat of this occurrence, again, but it will be exponentially larger than Lehman’s was!

On June 29^th, 2016 the IMF stated that “among the [globally systemically important banks], Deutsche Bank appears to be the most important net contributor to systemic risks, followed by HSBC and Credit Suisse,” reports The Wall Street Journal.

Monday, July 04, 2016

Fall in UK BTL Mortgages for First-time Landlords / Housing-Market / Buy to Let

By: MoneyFacts

Year-on-year, the number of buy-to-let (BTL) mortgages has increased, so it would be fair to assume that the availability of deals for first-time landlords has also expanded. However, research from Moneyfacts.co.uk shows that the proportion of mortgage deals for new landlords has actually shrunk to a record low.

Monday, July 04, 2016

BrExit Implications for UK Stock Market, Sterling GBP, House Prices and UK Politics... / Stock-Markets / Financial Markets 2016

By: Nadeem_Walayat

Britain's vote to LEAVE the European Union triggered immediate financial markets panic that prompted the Bank of England to implement its emergency market rescue plan that included making upto £250 billion available to Britains banks that succeeded in halting the BrExit financial panic in its tracks as sterling stabilised at lower levels whilst the FTSE soared into the stratosphere recovering all of Fridays plunge and registering its best weekly gain in over 4 years. So what's next for the financial markets? Is the BrExit financial storm over? Find out in Part 2 of the Implications of BrExit on the financial markets, stocks, sterling, house prices and UK politics.

Monday, July 04, 2016

BrExit Implications for UK Economy, Interest Rates, Bonds, Markets, Debt & Deficit, Inflation... / Economics / UK Economy

By: Nadeem_Walayat

On Thursday 23rd of June 2016 the people of Britain voted to LEAVE the European Union surprising all including politicians, financial markets, big businesses, pollsters, bookmakers and even prominent LEAVE campaigners such as Nigel Farage who conceded defeat shortly after the polls closed at 10pm only to start backtracking a couple of hours later. The apparent surprise result that confounded most expectations has led to a spike in market and policy uncertainty as within hours of the decision David Cameron announced that he would be stepping down as PM and thus triggering a Tory leadership contest. Whilst Labour apparently went one step further by completely self destructing as 75% of Westminister Labour MP's attempt to eject Jeremy Corbyn, a civil war that looks set to destroy the Labour party. So Britain today remains rudderless without a functioning government or opposition let alone any idea of exactly how a BrExit vote will translate into real world impacts in every day peoples lives where now major business and economic decisions have been put on hold.

Monday, July 04, 2016

On July 4th Demand Freedom, Don't Celebrate The State / Politics / US Politics

By: Dr_Ron_Paul

As we gather with family and friends to celebrate the July 4th holiday we should remember that we are not celebrating the state, but rather commemorating an act of secession from an oppressive government. We are celebrating the adoption of the Declaration of Independence from Great Britain - a daring move by the Founders inspired by a desire for liberty.

Thomas Jefferson famously said, "Eternal vigilance is the price of liberty." That does not only mean that we should be prepared to defend against foreign invaders. Perhaps more importantly it means that we must retain the lessons from the original American revolt and guard against a government that views the people as the enemy.

Monday, July 04, 2016

A Perplexing Stock Market / Stock-Markets / Stock Markets 2016

By: Andre_Gratian

Current Position of the Market

SPX Long-term trend: A lengthy correction is most likely underway!

SPX Intermediate trend: More time is needed to evaluate the nature of this rally.

Analysis of the short-term trend is done on a daily basis with the help of hourly charts. It is an important adjunct to the analysis of daily and weekly charts which discuss longer market trends.

Monday, July 04, 2016

Gold Market Manipulation Has Created Rarest of Opportunities / Commodities / Gold and Silver 2016

By: Gary_Savage

The banksters, by manipulating the price of gold and artificially creating a bear market, have created what will likely turn out to be one of the greatest opportunities ever seen. I’ve maintained all along this was their goal. To create the most destructive bear market in history, which would then generate the largest bull market the world has ever seen.

Folks, you might as well take advantage of this opportunity. The banksters aren’t the only ones that deserve to get rich. They have destroyed millions of peoples lives as the authorities stood by and watched them run the precious metals markets, and especially the mining sector, down to absurd levels over the last few years. Now they have switched sides and the attacks have stopped. It’s time for price to swing in the other direction. And it’s going to swing so far in the other direction, that I have no doubt before it is over this will be the largest bull market the world will ever see.

Sunday, July 03, 2016

UK House Prices BrExit Crash NOT Likely Despite London Property Market Weakness / Housing-Market / UK Housing

By: Nadeem_Walayat

The establishment REMAIN camp peddled the same story for the UK housing market all year, one of a collapse, crash or worse! As operation fear each month ramped up the threats of that which awaited a post Brexit Britain. The house prices crash fear mongering even emanated direct from George Osborne himself who warned: “If we leave the European Union there will be an immediate economic shock that will hit financial markets... That affects the value of people’s homes and the Treasury analysis shows that there would be a hit to the value of people’s homes by at least 10 per cent and up to 18 per cent."

Sunday, July 03, 2016

Independence Day Hypocrisy, Not Democracy / Politics / US Politics

By: Stephen_Lendman

On July 4, 1776, America gained independence from Britain. Everything changed but stayed the same under new management - the way the framers planned it.

Today we'd call them a Wall Street crowd - a deplorable bunch, including bankers, merchants, planters, ship owners, lawyers, politicians, judges, slave owners and traders, speculators, smugglers, privateers, and other type wheeler-dealers.

“We the people,” meant them, not us. They created a government of men, not laws. Property owners alone had rights. Ordinary people didn't matter, entirely left out.

Sunday, July 03, 2016

Anti-Brexiteers Hit London Streets / Politics / EU_Referendum

By: Stephen_Lendman

On June 23, referendum results showed most Brits for Brexit, an anti-neoliberal/pro independence rebellion wanting change.

Union beholden to Brussels sacrifices political sovereignty to a higher offshore authority. Independence may not change much but at least would let Brits chart their own way.

Sovereign independence is sacrosanct, inviolable - the inalienable right of all nations. Union destroys it.

Sunday, July 03, 2016

Stock Market Charts - What Do You See That Frightens You? / Stock-Markets / Stock Markets 2016

By: Jesse

"Peter. Verily, verily, I say to you, when you were young, you dressed yourself, and walked where you liked: but when you are old, you will stretch forth your hands, and another will gird you, and carry you where you would not wish to go."

Since the adults all seem to be leaving Wall Street early today to get a head start to the Hamptons, I will just post the charts as they are now and catch up on any late changes next week.

Sunday, July 03, 2016

UK BrExit Inflation Forecasts Spike CPI to 3%, RPI 4% / Economics / Inflation

By: Nadeem_Walayat

Whilst official UK CPI Inflation continues to hug near 0% at a rate of just 0.3% for May 2016, meanwhile RPI which is the closest official measure to real inflation has continued to nudge higher to 1.4%, which are set against the demand adjusted Real UK inflation rate of 1.8%. So deflation? Not really, real UK price Inflation is actually well above 1% and was already trending towards 2% before BrExit.