Friday, May 13, 2016

Gold Miners’ Q1’16 Fundamentals / Commodities / Gold and Silver Stocks 2016

By: Zeal_LLC

The gold miners’ stocks have skyrocketed this year as investors started returning to this long-abandoned sector.  Many have doubled since January, with plenty tripling or even quadrupling.  Naturally such fast gains raise concerns about whether they are actually fundamentally justified or merely the product of fleeting sentiment that could reverse.  Gold miners’ latest quarterly results offer great fundamental insights.

Companies trading on the US stock markets are required by the Securities and Exchange Commission to file quarterly earnings reports four times a year.  For normal quarters that don’t end fiscal years, these 10-Q reports are due 45 calendar days after quarter-ends.  They are a great boon to financial-market transparency and investors seeking to understand companies, yielding a treasure trove of information.

Friday, May 13, 2016

Financial Institutions Which are Too Big to Fail But Too Big to Jail / Companies / Banksters

By: Gordon_T_Long

You Have Financial Institutions Which are Too Big to Fail But Too Big to Jail, and Frankly, Too Big to Regulate and Too Big to Manage!

Friday, May 13, 2016

J.C. Penney Still On Bankruptcy Path / Companies / Retail Sector

By: James_Quinn

I find J.C. Penney to be a sick joke. The executives of this company think they can put out positive press releases and have their financial statements not properly show in the earnings press release to cover up the fact their financial results are deteriorating – not improving. CNBC will dutifully report the corporate lies. Checkout the press release where, for some reason, the financial results don’t format. Must be a glitch. Right?

Friday, May 13, 2016

Gold, Silver and the Stock Market / Commodities / Gold and Silver 2016

By: Gary_Tanashian

I could write a long, detailed post trying to encompass global stock markets (generally bearish), commodities (bounce very mature) and bonds (mixed views, depending upon the flavor) but that is what I get paid to do each weekend in NFTRH reports and in private posts at the site.  The beauty of public posts is that I can write as much or as little as I feel like writing.  Today I feel like writing a little about gold (and silver) and the stock market.  I also feel like using daily charts because I think time frames are pinching in for upcoming pivotal moves.

Friday, May 13, 2016

Stock Market Challenging the 50-day Moving Average / Stock-Markets / Stock Markets 2016

By: Anthony_Cherniawski

The SPX Premarket shows it challenging the 50-day Moving Average. How the market opens will tell us whether that support is broken. The odds of a break of the Cycle bottom and Head & shoulders neckline would be high once the 50-day is behind us.

ZeroHedge reports, “Global stocks have started Friday the 13th on the wrong foot, with not only Hong Kong GDP unexpectedly tumbling by 0.4%, the worst print in years while retail sales fell for a thirteenth straight month in March, the longest stretch since 1999 as the Chinese hard landing spreads to the wealthy enclave, but also following a predicted collapse in Chinese new loan creation, which will reverberate not only in China but around the globe in the coming weeks. The latest overnight drop in the Yuan hinted that should the recent USD strength continue, China will have no choice but to repeat its devaluation from last summer and winter.“

Friday, May 13, 2016

Gold Lease Rates and Gold Prices / Commodities / Gold and Silver 2016

By: Arkadiusz_Sieron

Are gold lease rates (GLR) really one of the major drivers of the price of gold, as is often cited? A lease rate is the market price for borrowing or lending the particular asset. Obviously, the gold lease rate is the cost of borrowing gold. In much the same way that individuals borrow dollars, pay interest, and then return dollars to the lender, gold bullion participants borrow gold, pay a borrowing cost, and return the gold to the lender. So much for the Buffet's claim that gold has no yield. Surely, gold stored in a vault does not yield, but when it is lent, it accrues interest. No matter how counterintuitive it may sound, some gold owners (the lending and borrowing of gold is generally reserved for the entities operating in the wholesale market, such as bullion bankers, mining companies, jewelry producers, etc.) do earn interest on gold. This proves that gold is more like currency rather than other commodities, because just like any currency, it can be lent and earn interest. Such lending transactions in the gold market are often referred to as lease transactions and interest rate applied to such lending is called gold lease rate (GLR).

Friday, May 13, 2016

Gold Stocks Correction or Final Push Higher? / Commodities / Gold and Silver Stocks 2016

By: Jordan_Roy_Byrne

Despite maintaining an overbought condition and despite the recent bearish posture of many sector pundits, the gold stocks have yet to correct more than 11%. Since the end of January the gold stocks have held above their 50-day moving averages, which is often support during a strong trend. If the gold stocks break their lows of the past two weeks then it should usher in a 20% correction and correct the current overbought condition. However, if gold stocks do not break initial support they could begin a melt-up that would lead to a more serious correction in the summer.

Friday, May 13, 2016

Mark Carney Warns of 'Technical Recession' if British People Vote for BREXIT Freedom / ElectionOracle / EU_Referendum

By: Nadeem_Walayat

Britain's very own Tyrion Lanister, The Master of Coin, Mark Carney, Governor of the Bank of England stepped forth with his quarterly UK inflation report (economic propaganda) that warned of the dire consequences for the British economy (banking sector) should Britain's wage slaves vote for freedom on June 23rd. Instead the people of Britain are dutifully expected vote to remain in an EU that is trundling along a path towards becoming Greater Germany as the German Economic Empire has already consumed much of the Euro-zone, turning proud nations such as Italy and Spain into beggar states and worse for the likes of Greece. But now eyes it's ultimate nemesis, Britain, which through being out numbered 27 to 1 will be beaten into submission treaty by treaty when all that will be left will be the museum called Westminister, so as to remember how things were in done in the good old days when Britain had a parliamentary democracy instead of direct bureaucratic rule from Brussels, in large part instructed by the German high command.

Friday, May 13, 2016

UK Immigration Crisis - Official Statistics Underreport Real EU Migration by 50%! / Politics / Immigration

By: Nadeem_Walayat

The mainstream press is belatedly waking up to the fact that the UK governments official migration statistics compiled by the ONS under report real permanent immigration from the EU by at least 50% per year! For instance ONS EU immigration stats since 2011 was a net 1 million european union migrants permanently settled in the UK. However during this same time period 2.2 million National Insurance numbers were issued to european migrants. I have been flagging this huge persistent disparity in numbers for several years now that illustrates that the official immigration statistics just cannot be trusted!

Friday, May 13, 2016

Learn How the Wave Principle Can Improve Your Trading / InvestorEducation / Elliott Wave Theory

By: EWI

Dear Reader,

You've heard the common trading advice: "Successful traders know how to control their emotions, instead of being controlled by their emotions." I bet you're thinking easier said than done, huh? As a trader, you're bombarded with countless possibilities that can make decisive action a stressful high wire act. It's no wonder your emotions can get in the way.

Friday, May 13, 2016

Parliamentary Coup in Brazil / Politics / Brazil

By: Stephen_Lendman

In an overnight Wednesday session, majority fascist Brazilian senators voted to impeach Rousseff without just cause - following majority lower house members in mid-April voting the same way.

An 11th hour Supreme Court appeal on her behalf was denied, along with a separate appeal to bar vice president/interim president Michel Temer from replacing her ministers with ones he and other fascists usurping power choose.

Thursday, May 12, 2016

Three Overlooked, Undervalued Picks for Today's Energy Market / Commodities / Oil Companies

By: The_Energy_Report

The energy sector is a tricky place to invest right now, with a fine line separating the next bankruptcy candidate from a tenbagger. Chen Lin of the popular newsletter What Is Chen Buying?, What Is Chen Selling? helps investors navigate this minefield with three companies he believes will come out on top.

Thursday, May 12, 2016

A Retest of Stock Market Resistance... / Stock-Markets / Stock Markets 2016

By: Anthony_Cherniawski

SPX bounced back within ticks of its mid-cycle resistance at 2070.92 and within a point of its 50% retracement at 2069.99. We may see it decline back beneath its 4.5-year trendline this afternoon. Short positions should be in place, as it appears the next few days may be eventful.

Thursday, May 12, 2016

Pope Francis Calls For Worldwide Communist Government / Politics / Religion

By: Jeff_Berwick

In this Jubilee Year 2016, Pope Francis affirmed communism as the best structure for humankind and the European Union.

He did so upon receiving the Charlemagne Prize last week and made a speech that included the following comment: “We need to move from a liquid economy prepared to use corruption as a means of obtaining profits, to a social economy that guarantees access to land and lodging through labor.”

Thursday, May 12, 2016

Charles Hugh Smith: "Why Our Status Quo Failed & Is Beyond Reform! / Stock-Markets / Financial Markets 2016

By: Gordon_T_Long

The Financial Repression Authority is delighted to have Charles Hugh Smith, prolific writer on the web and author of the highly acclaimed book, Why Our Status Quo Failed and is Beyond Reform. FRA Co-Founder, Gordon T. Long delineates with Charles on the core topics that are mentioned in his book as well as go over key diagrams to supportive diagrams.

Charles Hugh Smith is the Publisher of the site “Of Two Minds”. From its humble beginnings in May 2005, Of Two Minds now attracts some 200,000 visits a month and has been listed No. 7 in CNBC’s top alternative financial sites. His commentary is featured on a number of sites including: Zerohedge.com. The American Conservative, Peak Prosperity and AOL’s Daily Finance site (www.dailyfinance.com. He has written eight books.  Charles Hugh Smith graduated from the University of Hawaii, Manoa in Honolulu. Charles Hugh Smith currently resides in Berkeley, California and Hilo, Hawaii.

Thursday, May 12, 2016

Gold Daily and Silver Gathering Storm / Commodities / Gold and Silver 2016

By: Jesse

"Some touch of the artist wells up within me, and calls insistently for a well-staged performance. Surely our profession, Mr. Mac, would be a drab and sordid one if we did not sometimes set the scene so as to glorify our results. The blunt accusation, the brutal tap upon the shoulder - what can one make of such a denouement?

But the quick inference, the subtle trap, the clever forecast of coming events, the triumphant vindication of bold theories - are these not the pride and the justification of our life's work? At the present moment you thrill with the glamour of the situation and the anticipation of the hunt. Where would be that thrill if I had been as definite as a timetable?” - Arthur Conan Doyle, Sherlock Holmes: The Valley of Fear

Thursday, May 12, 2016

Stock Market Decline Makes a Tentative Beginning / Stock-Markets / Stock Markets 2016

By: Anthony_Cherniawski

SPX is still on an aggressive sell signal. It has crossed the first support at 2077.76, but has several more to go. The Aggressive sell becomes a confirmed sell beneath the 4.5-year trendline or the 50-day Moving Average, now up to 2049.40.

Thursday, May 12, 2016

Global Gold Investment Demand Surges Record 122% In Q1, 2016 / Commodities / Gold and Silver 2016

By: GoldCore

Global gold demand surged a record 21% and gold investment demand a record 122% in Q1, 2016 according to the World Gold Council who released their ‘Gold Demand Trends Q1 2016’ report today.

Thursday, May 12, 2016

More Short-Term Stock Market Uncertainty As Stocks Hover Along Last Year's Medium-Term Highs / Stock-Markets / Stock Markets 2016

By: Paul_Rejczak

Briefly: In our opinion, no speculative positions are justified.

Our intraday outlook is neutral, and our short-term outlook is neutral. Our medium-term outlook remains bearish, as the S&P 500 index extends its lower highs, lower lows sequence:

Intraday outlook (next 24 hours): neutral
Short-term outlook (next 1-2 weeks): neutral
Medium-term outlook (next 1-3 months): bearish
Long-term outlook (next year): neutral

Thursday, May 12, 2016

SOS Italy. ExItaly! - Video / Politics / Italy

By: Mario_Innecco

Transcript Excerpt: Its Thursday May 12 2016 yeah I want to talk about it early this morning
and how its leaves sinking there's an interesting article in The Telegraph da
Costa UK which are linked to it by Ambrose evans-pritchard he's an
economics writer for The Telegraph and the headline in Italy must choose
between the euro and its own economic survival so a little bit of background
when Italy you know because many people think that things have been as they have
for every you know that italy is a country or state that Germany is a
country even the United States you know that it's been as it is for over 200
years but if you look deeply into the history has you know the United States