Tuesday, April 12, 2016
Surging Mining Stocks Point to Big Move Ahead in Gold and Silver / Commodities / Gold and Silver 2016
Spring has sprung for precious metals mining stocks.The HUI gold stocks index surged 6.2% on Monday to close at a 14-month high. The HUI chart shows a strong base was built from last summer through this January, and from that base a new bull market has begun.
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Tuesday, April 12, 2016
One Chart Reveals Fed's True Intent; Wreck Havoc on The Middle Class / Interest-Rates / Quantitative Easing
"Crises refine life. In them, you discover what you are." ~ Allan K. Chalmers
What strikes one immediately is that the Fed has been creating money hand over fist; one hand they create money, with the other hand they buy assets and put it on their books, all looks well until you realize this is something called monetization of debt. Paper buying more paper and in most nations this leads to hyperinflation and a currency collapse. However as the Dollar is the world reserve currency. The Fed can magically create money out of thin air and use this newly created money to pay bills and or prop up markets as is currently the case.
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Tuesday, April 12, 2016
SPX using a long-time support to stay elevated...for now. / Stock-Markets / Stock Markets 2016
In a nod to options expiration, it appears that Wave (ii) may extend another day or so. The Cycles Model was strong during the March options expiration. This month the Cycles Model shows weakness.
ZeroHedge reports, “Last week when BofA reported that "everything is being sold" as its smart money clients (institutional, private and hedge funds) dumped stocks for a whopping 10th consecutive week, it said that "BofAML clients were net sellers of US stocks for the tenth consecutive week, in the amount of $3.98bn. Net sales last week were the largest since September, and the fifth-largest in our data history (since 2008). Since early March, all three client groups (institutional clients, private clients and hedge funds) have been sellers of US stocks."
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Tuesday, April 12, 2016
Bitcoin Price in Tight Range / Currencies / Bitcoin
In short: short speculative positions, target at $153, stop-loss at $515.
Bitcoin might change how the banking landscape looks like, but it most likely won’t substitute banks, we read on CNBC:
(…) Brock Pierce, the chairman of the Bitcoin Foundation, said that while the adoption of blockchain will hit parts of a bank, it will ultimately create opportunity.
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Tuesday, April 12, 2016
Gold Money or Digital Money? / Commodities / Gold and Silver 2016
Guest Post from Graham Reinders, an intelligent man with vast experience. (slightly edited)
What Do We Want From Gold?
- Roosevelt proved that gold was a political/financial tool, and its value is politically governed.
- Nixon proved two things: that the “Gold Standard” was nothing more than an arbitrary political tool, and indeed he made gold “legally” not money anymore. To make it illegal is an easy step if necessary. Gold is now such a small fraction of the economy I do not think it matters except as an underground currency.
Tuesday, April 12, 2016
Gold Commitments of Traders / Commodities / Gold and Silver 2016
There was little change in this week’s Commitments of Traders report when it came to the positioning of traders within the gold futures market.
Here is an updated chart reflecting the current composition.
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Tuesday, April 12, 2016
Silver Price Surges 8% In 6 Days To Over $16 Per Ounce / Commodities / Gold and Silver 2016
Silver bullion prices surged 3.65% yesterday and have surged 8% in just six trading days. Silver rose 56 cents from $15.34 to $15.90 per ounce yesterday, made further gains in Asian and early European trading and broke above the psychological resistance of $16 per ounce.
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Tuesday, April 12, 2016
Cold Shoulder for UK Savers as Market is Hit by Interest Rate Cuts / Personal_Finance / Savings Accounts
Data from Moneyfacts.co.uk can reveal that rate reductions in the savings market have now outweighed rate rises for six consecutive months.
In March, Moneyfacts recorded just 18 savings rate rises. Disappointingly, rate reductions over the same period completely overshadowed this figure, with the number of rate decreases over the month hitting 123, which means that 87% of rate changes were cuts.
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Tuesday, April 12, 2016
Stock Market Late Day Selling Again....Oscillators Up High And Crossing Down.. / Stock-Markets / Stock Markets 2016
A second consecutive day for the markets with a late push lower after being up strongly for the day. The Friday push lower still allowed for some slight gains, but a black candle was printed, which should have led to a down open this morning. Not to be as the market gapped up big this morning due to more fed stuff. Ms Yellen was meeting President Obama, and the usual bulls said why not, let's get this market even higher. It worked well, until the last hour of action when a big sell hit, which was enough to turn all the indexes slightly red for the day.
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Tuesday, April 12, 2016
Long and Intermediate Trends Crushing Gold and Silver Commercials… / Commodities / Gold and Silver Stocks 2016
Precious metals expert Michael Ballanger discusses the tug-of-war going on between the Japanese yen and the U.S. dollar/Chinese yuan, and its effect on precious metals.
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Tuesday, April 12, 2016
Silver Price Climbs to $16, Confirming Gold’s Breakout / Commodities / Gold and Silver 2016
Hi Ho Silver, Away!
Precious metals have registered a blistering start to the year. After more than four years of defeat, gold bulls once again have something to be excited about. The gold price is up 19% year to date and the mining stock ETF (GDX) is up over 60% since the start of the year. Not bad for a barbarous relic!
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Monday, April 11, 2016
Subprime Debt Makes a Comeback; Auto Loan Crisis is Here / Interest-Rates / Global Debt Crisis 2016
"A great calamity is as old as the trilobites an hour after it has happened." ~ Oliver Wendell Holmes
Greed and recklessness continue to govern the markets; nothing was learned from the 2008 financial crisis. Hence, history is destined to repeat itself, and this might occur a lot faster than most anticipate. Fitch states that Subprime Auto bond delinquencies are at a 20 year high.
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Monday, April 11, 2016
HUI Goldbugs Index : Some Perfect Chartology / Commodities / Gold and Silver Stocks 2016
Below is a daily chart for the HUI which shows one of the original patterns that formed the, what turned out to be a Diamond reversal pattern to the upside. There are at least several more reversal patterns that formed at this most important low. As you can see the Diamond had seven reversal point making it a reversal pattern to the upside. The breakout was accompanied by a gap and then a backtest to the top rail. Everything looked good to go at that point then after just four days of rallying the HUI quickly reversed direction and traded below the apex of the blue triangle which is not what I wanted to see as that usually is a bearish setup in this case.
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Monday, April 11, 2016
Energy Sector Set To Save the Stock Market / Stock-Markets / Stock Markets 2016
Over the past few week, we have seen the price of crude oil pullback from its recent high of $42 per barrel level. Last week April 4-8th the price of crude oil pulled back to a technical support zone and then posted a strong gain closing the weekly chart at the high.
Based on short-term technical indicators, along with the current momentum which crude oil has, I feel we will see the recent highs of $42 a barrel tested once again.
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Monday, April 11, 2016
Crude Oil Stocks - For the Bulls or Bears? / Commodities / Oil Companies
In the previous month, crude oil extended gains and climbed above the barrier of $40. Despite this improvement, the combination of resistance levels encouraged oil bears to act, which resulted in erasing 40% of the previous upward move. What happened at the same time with oil stocks? What's next for the XOI? Let's jump right into charts (chart courtesy of http://stockcharts.com ) and find out what can we infer from them about future moves.
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Monday, April 11, 2016
SPX May Have Topped this Morning / Stock-Markets / Stock Markets 2016
SPX topped out at 2062.93 and promptly turned back down. New short positions may be added here. Confirmation comes beneath Short-term support at 2051.37. Stops may be put in at 2065.00 to 2067.50.
ZeroHedge comments, “This morning's 160 point spike in Dow Futures - out of nowhere - was predicated on hopes of an Italian bank bailout. While this may seem like an odd reason to "buy buy buy" US equities, in the new normal, it really is not.. and when put in context, the 'bounce' in EU banks should do more to scare than soften investors' concerns...”
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Monday, April 11, 2016
Commercial Gold Traders Appear to be Losing Their Grip! / Commodities / Gold and Silver 2016
For years the best trading strategy in gold and silver has been to buy when the ‘net short’ position of commercial traders was low, and sell when the numbers were high.
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Monday, April 11, 2016
UK Government EU Referendum Propaganda Leaflet Backfires as Anger Spurs BrExit Support / ElectionOracle / EU_Referendum
The Conservative government's baldrick-esk cunning plan of using £10 million of tax payers money to send out 27 million pro-Remain propaganda leaflets to Britains households looks to have badly backfired as its announcement has increasingly been met with a wall of anger from the electorate at what is seen as blatant attempts to gerrymander the election by the establishment by spending TAX PAYERs money on a leaflet the cost of which is EXCLUDED from the supposed £7 million election spending limits for either LEAVE or REMAIN camps.
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Monday, April 11, 2016
Time to Invest for Stagflation / Stock-Markets / Stagflation
Whether you call it a 1970's style stagflation or, as we call it, a recessflation, investors need to prepare their portfolios to profit from a protracted period of rising prices in the context of zero growth. Here are some facts: Growth in the U.S. has averaged just 2% since 2010. However, Q4 2015 GDP growth grew at a 1.4% annualized rate and the Atlanta Fed model has Q1 GDP growth slowing to just 0.1%. The simple truth is that the rate of growth is slowing towards 0%, just as asset prices continue to rise to record levels due to vast intervention from central banks.
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Monday, April 11, 2016
Bank Bail-Ins In EU as Heta "Bailed In" In Austria / Stock-Markets / Credit Crisis 2016
Bank bail-ins in the EU are here after Austria’s financial markets regulator FMA imposed a hefty haircut on creditors in an Austrian bank. Creditors in the bank Heta Asset Resolution will receive less than half of their money back according to the country’s financial regulator, the FMA.
Senior bondholders in the so called “bad bank” could expect to receive around €0.46 for each euro which would be paid from the realisation of assets by 2020, according to the FMA statement. It said that this had been calculated using “very conservative” assumptions.
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