Monday, May 23, 2016

Venezuela Descends Into Chaos... Europe and US Next? / Politics / Venezuela

By: Jeff_Berwick

It has been less than two months since I visited Caracas, Venezuela. While things were already very bad when I was there, they are now worse.

Power shortages have deepened (and this in an oil rich country!); food is becoming scarce (some people have resorted to eating dogs and cats); people lie on concrete slabs in hospitals without medicine (if you thought medical care was bad, just wait until it’s free!); and riots and looting are growing worse.

Monday, May 23, 2016

Did AMAT Chirp? Implications for the Economy and Gold / Stock-Markets / Financial Markets 2016

By: Gary_Tanashian

The following is the opening segment of this week's Notes From the Rabbit Hole, NFTRH 396. The report also covers, in detail, the technical status of US/Global stock markets, precious metals, commodities, currencies and even a few individual gold miners and a couple of new (non-gold related) NFTRH+ trade ideas.

In January of 2013 we noted that the "Canary's Canary" chirped and signaled an economic up phase (such as it was) on the horizon. The Canary was the Semiconductor sector, which is cyclical and economically sensitive. The Canary's Canary is the Semi Equipment sector, manned by the likes of Applied Materials and Lam Research.

Monday, May 23, 2016

ZAR Gold Price Signals A September 2001-Type Event In The Financial Markets / Commodities / Gold and Silver 2016

By: Hubert_Moolman

The gold price in South African Rand (ZAR) is often a leading indicator for a USD gold price rally, as well as major trouble in the financial markets. A good example of this was around August/September 2001, just before the September 2001 crash (which turned out to be a major turning point in the markets - not just for the events of September 11).

Monday, May 23, 2016

Stocks Extended Their Rebound On Friday - Will They Continue Higher? / 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

Monday, May 23, 2016

UK Treasury Propaganda Warns of 3.6% Brexit Recession, the £64 Billion Question? / ElectionOracle / EU_Referendum

By: Nadeem_Walayat

The Treasury (UK government) is to issue a statement today that basically puts the price of Brexit at 3.6% of GDP or £64 billion, resulting in a 1 year recession (much milder than the last), which is set against a large chunk of the euro-zone having been in economic depression for 6 long years.

Leaving the European Union would tip the UK into a year-long recession and lower Britain's economic growth by 3.6%.

Though the margin of error is probably at least 3% that effectively could completely cancel out the Treasury forecast.

Monday, May 23, 2016

Stock Market Support Breached, But Not Broken! / Stock-Markets / Stock Markets 2016

By: Andre_Gratian

Current Position of the Market

SPX Long-term trend: The beginning of a lengthy correction is most likely underway!

SPX Intermediate trend: May be in the process of forming a H&S bull market top.

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, May 23, 2016

No Stocks Bear Market / Stock-Markets / Stock Markets 2016

By: Gary_Savage

If you try hard enough you can always find a set of moving averages that will confirm your bias. The 50/100 week exponential moving average cross has never generated a false signal in 36 years. It’s confirming what I’ve been saying all along. No bear market.

Monday, May 23, 2016

Japan and US at G7 – Agree to Disagree / Currencies / Japanese Yen

By: Dan_Norcini

The big Pow-Pow taking place in Japan with the G7 ( Group of Seven) finance ministers yielded what most of us already expected – no agreement whatsoever.

I found Japanese Finance Minister Taro Aso’s remarks quite revealing. His view is that the recent movements in the Yen have been “excessive”. “The movement seen over the past several weeks can’t be described as ‘orderly,” he noted.

He noted that “one-sided, speculative trades” have been behind some of the move higher in the Yen. The Japanese find such things undesirable.

Monday, May 23, 2016

EIS Sheffield Warns Parents Not to take Photos of their Children on School Sports Days! / Local / Sheffield

By: N_Walayat

The jobs worth's at the English Institute of Sports (EIS) situated in Sheffield are apparently warning parents not to take photos of their children on school sports days held at the EIS, as illustrated by the letter issued by Greystones Primary School to all parents, that is holding it's Sports Day today.

The EIS has advised us that parents are not allowed to take photographs....

Sunday, May 22, 2016

George Osborne Warns of 18% Cheaper House Prices - BrExit for First Time Buyers / ElectionOracle / EU_Referendum

By: Nadeem_Walayat

Britain's first time buyers fully understand the nature of the crisis that is Britain's housing market one of soaring average prices that far out strip average wages as unaffordability continues to trend ever higher to new extremes each year as I have illustrated over several years. A crisis that first the Coalition and now the Conservative government has bent over backwards to try and get first time buyers a leg up onto the housing ladder by adopting extreme tax payer funded measures such as the help to buy scheme, and most recently the Lifetime ISA, which will see the government hand out £1,000 cash to first time buyers for every £4k saved.

Sunday, May 22, 2016

Gold Bull-Phase I Continues to Confound (The Trek to “Known Values”) / Commodities / Gold and Silver 2016

By: Plunger

Since January 20th the precious metal stocks have been in an upward impulse. I have classified this impulse as phase I of a new bull market. My essay “The three phases of a bull market” located on this site explains this in further detail.

http://www.talkmarkets.com/content/goldprecious-metals/the-three-phases-of-a-bull-market?post=92292

In short, phase I is the move off bear market lows to “known Values”. Just prior to this move stocks were left on the bargain table and farsighted, wise investors picked them up from discouraged and distressed sellers. I have described this impulse move toward known values as analogous to a beach ball held under water then released.

Sunday, May 22, 2016

Third Death Cross of the Century Pointing to Stock Market Carnage - Video / Stock-Markets / Stock Markets 2016

By: Mario_Innecco

Sunday May 22nd 2016 short video and technical analysis I know people think
technical analysis doesn't work I have always been close follow-up technical
analysis course is on technical announces but I and I also like the
fundamentals I think it's important to follow boat but it's really important
that I come out with this because we've had a death cross on the weekly chart of
the S&P 500 also handed out but I'm going to focus on the S&P 500 because
that's the broader market and moving averages basically confirmed tops or
bottoms so they happened after the top and this makes sense because we had that
top stock market last year and fifty weekend hundred week is very long-term...

Sunday, May 22, 2016

Avoiding a War in Space / Politics / New World Order

By: STRATFOR

Space is becoming more congested, contested and competitive. Since the Soviet Union put the first satellite, Sputnik I, into space in 1957, no nation has deliberately destroyed another's satellite in orbit. But there is a growing possibility that battles may soon be waged in space.

Although the militarization of space started long ago, a number of technological developments and tests over the past decade show that the race toward its weaponization is accelerating. Driven by Washington's dominance of and strategic dependence on space, U.S. rivals are working to develop and deploy anti-satellite weapons (widely known as ASATs). The technology, which began to be developed during the Cold War, has become an area of intense competition for the world's most capable militaries over the past decade.

Sunday, May 22, 2016

Walkers Crisps Spell & Go - Tesco Checkout Instant Win Odds / Personal_Finance / Freebies and Comps

By: Anika_Walayat

One of the ways to win a prize in the Walkers Crisps Spell and Go 20,000 Holidays promotion is on buying bags of walkers crisps at a Tesco store to be handed an instant win receipt at the check out for small prizes such as sun glasses. But just how many purchases does it take to win an instant win prize? Find out our experience in our latest video in this series -

Saturday, May 21, 2016

Will Venezuela Be Forced to Embrace the US Dollar? / Currencies / Venezuela

By: MISES

Daniel Fernández Méndez writes: The country of Venezuela is dangerously approaching hyperinflation. At 2015’s year-end, official figures had yearly inflation at or above 180 percent (some private sector sources estimated it at 330 percent). The technical definition of hyperinflation is when inflation is at 50 percent or more per month, meaning that Venezuela is not yet at this point, but does seem to be approaching at an accelerated pace. The South American country finds itself with inflation rates at their worst in its history (1996 saw 103 percent yearly inflation) and the highest in the world (Ukraine is second with 50 percent yearly inflation).

Saturday, May 21, 2016

Danish Central Bank Stumbles with Its Currency Peg to the Euro / Currencies / Fiat Currency

By: MISES

Uffe Merrild writes: Denmark has been mentioned a few times during the American election campaign by Democrats who favor larger government and high redistribution of income, but also pundits like Paul Krugman have written about Denmark in his October 19th column at The New York Times. Fortunately most of his fiscal and general economic Keynesian points have been refuted in Episode 6 of Contra Krugman by Thomas Woods and Robert Murphy. But, some points regarding monetary policy need attention as well.

Saturday, May 21, 2016

EgyptAir Flight MS804 - Why is the Jihadist World Silent? / Politics / War on Terror

By: STRATFOR

As the investigation into the crash of EgyptAir Flight 804 continues and searchers begin to find evidence, the jihadist world has been strangely silent. Air traffic controllers lost contact with the aircraft early May 19 and we are now nearly outside the timeframe in which jihadist groups have ordinarily taken credit for attacks. The one obvious explanation for this is that a catastrophic mechanical or electrical failure brought down the aircraft rather than a bomb, but given all of the indications that point to an attack, it is worth exploring the lack of a claim of responsibility and what that means for attributing the cause of the crash.

Saturday, May 21, 2016

SPX Downtrend Underway / Stock-Markets / Stock Markets 2016

By: Tony_Caldaro

The market started the week at SPX 2047. After a rally to SPX 2072 on Monday, the market worked its way down to SPX 2026 by Thursday. Then an options expiration on Friday closed the week at SPX 2052. For the week the SPX/DOW were mixed, and the NDX/NAZ were +0.95%. Economic reports for the week were again positive. On the downtick: the NY/Philly FED, and the Q2 GDP est. was lowered: +2.5% v +2.8%. On the uptick: the CPI, housing starts, building permits, industrial production, capacity utilization, leading indicators, existing home sales, and weekly jobless claims declined. Next week’s reports will be highlighted by Q1 GDP, Durable goods, and more Housing reports.

Saturday, May 21, 2016

George Osborne Warns of More Affordable UK Housing Market if BrExit Happens / ElectionOracle / EU_Referendum

By: Nadeem_Walayat

George Osborne in the last few weeks of the EU referendum campaign appears to morphing form a to Euro-phile into a Euro-skeptic, effectively coming full circle as his most recent statement illustrates, warning that a BrExit would result in the UK housing market becoming MORE AFFORDABLE for the British people, presumably because there could be 5 million LESS NEW EU migrants by 2030 and thus the pressure cooker that is the UK housing market should gradually cool due to reduced demand from the current insane levels that has the UK building 140,000 homers per annum which is set against net migration of at least 500k per year, let alone the pressure from new domestic demand. Therefore each year for the past 15 years Britain's housing crisis has relentlessly worsened as new supply has been nowhere near able to keep pace with both domestic demand PLUS 1/2 million extra migrants to house per annum!

Saturday, May 21, 2016

Gold And Silver 11th Hour: Globalists 10 v People 0 / Commodities / Gold and Silver 2016

By: Michael_Noonan

At the proverbial 11th hour, the globalists have a shut out going for themselves with people unable to mount any meaningful opposition. While the word “hour” is referenced, the time could be measured in months, even a few more years. Whatever the duration is, the time frame continues to shorten.

Rather than provide supply/demand facts for gold and silver, amply illustrated with lots of graphs and charts, provide information on Commitment of Traders data, and so much more, we prefer to engage in other situations that may be having more of an effect as to why gold and silver prices are not rallying to price levels that would reflect the true supply/ demand circumstances. These are the more pragmatic reasons for owning and holding either or both physical metals.