Friday, June 24, 2016

BrExit: The System Cannot Hold / Politics / EU_Referendum

By: Raul_I_Meijer

Well, they did it. A majority of Britons made clear they’re so fed up with David Cameron and everything he says or does, including promoting the EU, that they voted against that EU. They detest Cameron much more than they like Nigel Farage or Boris Johnson. It seems that everyone has underestimated that.

Cameron just announced he’s stepping down. And that points to a very large hole in the ground somewhere in London town. Because going through a list of potential leaders, you get the strong impression there are none left. Not to run the country, and not to negotiate anything with Brussels. Which has a deep leadership -credibility- hole of itself, even though the incumbents are completely blind to that.

Friday, June 24, 2016

Here’s Why China “Economic Hard-Landing” Worries Are Overblown / Economics / China Economy

By: John_Mauldin

Although a number of well-known hedge fund managers such as Kyle Bass and George Soros have publicly stated they believe some kind of a “hard landing” in China is coming, not everyone agrees.

Mark Yusko of Morgan Creek Capital is not in the China “hard-landing” camp. He says while the Chinese economy is facing a number of headwinds and risks as it tries to adjust to a consumer-based model, the authorities are wisely taking a balanced, long-term view.

Friday, June 24, 2016

Brexit - Gold Note - Brexit Facts - Ramifications for UK, Ireland, EU - Conclusion / Commodities / Gold and Silver 2016

By: GoldCore

We have seen record online sales for this time of day and the phones are ringing off the hook. It is nearly all buying with a preference for gold over silver. We may have to restrict trading to existing clients if we continue to see this level of demand.

We are seeing more selling then expected and seeing some clients choosing to take profits after the very sizeable short term capital gains.

Friday, June 24, 2016

Jubilee Jolt: Markets Crash, Gold Skyrockets as Britain Takes Brexit / Stock-Markets / Financial Markets 2016

By: Jeff_Berwick

As of the time of this writing most of the votes have been counted and it appears Britain has voted to leave the European Union.

Friday, June 24, 2016

Famous Technical Analyst Now Predicting Financial Markets Crash During Jubilee Time Period / Stock-Markets / Financial Markets 2016

By: Jeff_Berwick

The flurry of banksters, ex-banksters (Alan Greenspan), insiders (Soros) and billionaires all warning we are on the edge of collapse now continues with a famous technical analyst.

In an interview with Business Insider, Sandy Jadeja just predicted market crashes in late August, late September and late October.

Friday, June 24, 2016

How Investors Are Impacted By The Central Banking Bubble / Stock-Markets / Liquidity Bubble

By: InvestingHaven

Bubbles are not new. The tulip mania, for instance, peaked some 400 years ago. Interestingly, there is one common characteristic about bubbles: that they are considered ‘normal’ during the bubble but ‘abnormal’ after their implosion.

Nowadays, it seems that the whole world has accepted zero (even negative) interest rates. Media and your friends write about negative interest rates as if that is nothing special, and people do not have make a point about it. Never in history, at least not in regular times (non-war), have interest rates been negative. Does this sound like a bubble?

Friday, June 24, 2016

BrExit Morning - New Dawn for Britain, Independence Day! / ElectionOracle / EU_Referendum

By: Nadeem_Walayat

Despite all that the establishments project fear threw at the EU referendum campaign in an attempt to scare the British people into being good docile wage slaves by following the commands of their masters, those who have owned Britain for centuries! However the establishment elite has clearly grossly underestimated the British people who have found the courage to vote for FREEDOM. And so Britain awakes today, June 24th to a NEW DAWN, A NEW LIFE, the beginning of Britain's Independence from the emerging european super state, and thus best place to cope with the unfolding consequences of climate change that will increasingly make its apocalyptic presence felt with each passing year.

Friday, June 24, 2016

LEAVE Wins EU Referendum - Sterling and FTSE Hit Hard, Pollsters, Bookies and Markets All WRONG! / ElectionOracle / EU_Referendum

By: Nadeem_Walayat

4am BST: With now nearly 20 million votes counted out of an estimated total of 33 million, LEAVE are maintaining a 2% lead of 51% against 49% for REMAIN, then this continues to confirm that LEAVE / BrExit are heading for a referendum win because as Jeremy Vine keeps periodically reminding BBC viewers that LEAVE are doing far better than their models suggested they should be, which if maintained implies that LEAVE are definitely heading for referendum win, which compares against the situation of when the polls closed and the release of YouGov's opinion poll of the day that gave REMAIN a commanding 4% lead over LEAVE, which even prompted Nigel Farage to effectively throw in the towel, apparently after talking to his friends in the city who assured him that REMAIN had won.

Friday, June 24, 2016

Trading BrExit - British Pound Plunges, FTSE Stock Futures Slump on LEAVE Shock Referendum Win / ElectionOracle / EU_Referendum

By: Nadeem_Walayat

3am BST: With now 8 million votes counted, the headline of standings of near 50/50 masks the fact that as Jeremy Vine periodically keeps reminding BBC viewers that LEAVE are doing far better than their models suggested they should be, which if maintained implies that LEAVE are heading for referendum win, which compares against the situation of when the polls closed and the release of YouGov's polling for the day that gave REMAIN a commanding 4% lead over LEAVE, which even prompted Nigel Farage to effectively throw in the towel, apparently after talking to his friends in the city who assured him that REMAIN had won.

Friday, June 24, 2016

EU Referendum Shock Results Putting BrExit LEAVE in the Lead Hitting Sterling Hard / ElectionOracle / EU_Referendum

By: Nadeem_Walayat

Results at 1am BST are reversing the REMAIN camps earlier complacency that following the polls closing had many congratulating themselves after YouGov's 10pm poll that gave REMAIN a commanding 4% lead over LEAVE. We even even saw Nigel Farage effectively throw in the towel, apparently after talking to his friends in the city who assured him that REMAIN had won.

Thursday, June 23, 2016

Final Opinion Poll Gives REMAIN 52% Lead, Bookmakers, Markets and Pollsters ALL Back REMAIN Win / ElectionOracle / EU_Referendum

By: Nadeem_Walayat

The final opinion poll of the EU Referendum campaign by YouGov was released at 10pm just as the polls closed and the counting began, putting REMAIN in a clear 4 point lead on 52% against LEAVE on 48%, which is what the story that the mainstream press is running with given that the first significant results won't be known for at least another 3 hours.

Thursday, June 23, 2016

Reviewing the Basics of the Elliott Wave Principle: The Zigzag / InvestorEducation / Elliott Wave Theory

By: EWI

Free Lesson from Jeffrey Kennedy's Trader's Classroom

The Wave Principle classifies price action as either motive or corrective. Corrective waves move opposite the direction of the primary trend and include the zigzag, flat, triangle and combinations of these patterns. They offer traders an opportunity to rejoin the larger trend. Today, you can listen to a lesson from Jeffrey Kennedy's Trader's Classroom in which he teaches you the basics of the zigzag and shows an example in the chart of Microsoft Corporation (MSFT).

Thursday, June 23, 2016

A New Balance Of Power In The Gold Market / Commodities / Gold and Silver 2016

By: John_Rubino

Gold analyst Michael Ballanger just posted an article noting how much things have changed — perhaps for the better — in the gold market. Here’s an excerpt:

Thursday, June 23, 2016

E-Wave Says BIG Down in Stock Market June 24th / Stock-Markets / Stock Markets 2016

By: Brad_Gudgeon

The chart below of the S&P 500 suggests a move down to around 2041/42 early Friday, June 24 or about 3% down from today’s high near 2107. The e-wave astro/cycle pattern also suggests a strong move back up into Tuesday, June 28 to perhaps as high as 2121/22.  By July 5th, a move into the low 1900’s is possible.

Everybody is focusing on the BREXIT, so the outcome, whatever it will be, will likely be the blame for the coming volatility. We shall soon find out. It is 12:30 CDT as I write this. I still see new highs by October 3rd.

Thursday, June 23, 2016

Stock Market Waiting for the Reversal / Stock-Markets / Stock Markets 2016

By: Anthony_Cherniawski

SPX has made a measured move, so far. The rally from the 2050.37 low has taken 34 hours. Another .4 hours would make it divisible by 4.3. you can see that the volume is low, so there is little participation or short covering.

Thursday, June 23, 2016

BREXIT Day – Markets Becalmed – Gold Panic Prelude / Commodities / Gold and Silver 2016

By: GoldCore

BREXIT Day and the UK EU referendum is upon us today and investors are expecting more choppy trading in financial markets in the coming hours. The City of London is bracing itself for potentially the most volatile night since the sterling devaluation on Black Wednesday.

Thursday, June 23, 2016

What Billionaire Investors Are Doing with Gold While Your Not Watching / Commodities / Gold and Silver 2016

By: MoneyMetals

With each passing day, systemic risks in the financial system become greater. Smart money insiders and billionaire investors are taking note – and taking defensive actions.

Mega-billionaire Carl Icahn, whose long-term track record is unrivaled, recently warned that “there will be a day of reckoning unless we get fiscal stimulus.” Icahn’s hedge fund is betting on a day of reckoning scenario. He has gone 150% net short the stock market while holding commodity-related positions to the long side.

Thursday, June 23, 2016

Does BREXIT Matter? Outlook for Sterling / Currencies / British Pound

By: Marc_Horn

This I want to use as an example of MWA so you can get a feel of how and why.....in my previous article I said BREXIT and your vote is only an illusion.
The overview last 3 pivots of same fractal - don't worry you will get to see them - they will become pretty obvious with practice and application of the rules and theory. The green ML is the target for a healthy wave 1 on the next smaller fractal. Failure to reach ML with break of MLL is weakness and the target then becomes SP to the high MLL or WL-1. The break is confirmed with a break of the lowest pivot or highest pivot depending on the trend.

Thursday, June 23, 2016

Keep Calm and Vote BrExit - Last Chance to Break Free of EU Superstate / ElectionOracle / EU_Referendum

By: Nadeem_Walayat

In February Prime Minister David Cameron defacto surrendered virtually every point of his already heavily watered down non binding deal with the European Union who stated would only legislate the laws AFTER the the UK had voted to remain within the EU. Which the EU Parliament President clarified as implying that virtually every aspect of the deal would be subject to debate and resistance from the dozen or so eastern european benefits claiming states, who would likely decide to reject most of the so called UK deal, that effectively has been repeatedly used as a smoke screen to hoodwink the British people into giving up their democracy and freedoms.

Thursday, June 23, 2016

Here’s the Foreign Policy Trump and Clinton Really Want / ElectionOracle / US Presidential Election 2016

By: John_Mauldin

BY GEORGE FRIEDMAN : Forget for a moment that Hillary Clinton is a criminal, Donald Trump is crazy, and both are liars. This is an election year, and demons stalk the world. It is now clear that one of them will be president of the United States.

Behind the heated rhetoric lie two very diverse visions for American foreign policy. But what presidents want and what they get are usually very different things.