Wednesday, April 20, 2016
Deutsche Bank Settles Lawsuit for Price Rigging, Turns “State’s Evidence” on Other Banks / Companies / Banksters
By: MoneyMetals
Prior to last week, Deutsche Bank made headlines for a string of huge losses and massive exposure to risky derivatives. The last time the firm’s shares traded at prices this low, the world was in the midst of 2008’s financial apocalypse.
Deutsche Bank didn’t need more bad news, but a group of investors who brought suit against the massive German bank for cheating them by rigging the London “fix” price for gold and silver certainly must be smiling. Last week, the bank offered to settle their class action suit for an undisclosed amount.
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Tuesday, April 19, 2016
Stock Market Advance/Decline Line / Stock-Markets / Stock Markets 2016
By: Ed_Carlson
The cumulative advance/decline line (not to be confused with the "other" advance/decline line) has thrown a wrench into the bearish equity scenario as it exceeded the old April high and made a new high last week. This indicator is watched far and wide by technicians as a reliable (yet, not perfect) indicator. In Aug 2014 it reached to a new high only to see the Dow drop 7.00%. In July 2011 it hit a new high and was followed by a decline of 19.00% in the Dow. Nevertheless, bears need to stay on their toes.
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Tuesday, April 19, 2016
Woe-Mart: The Retail Giant Walmart Has Faltered / Companies / Retail Sector
By: EWI
The era of "always low prices" no longer translates into always high profits. Learn what we think is behind the shift
Walmart founder Sam Walton said:
"There is only one boss. The customer. And he can fire everybody in the company from the chairman on down, simply by spending his money somewhere else."Read full article... Read full article...
Tuesday, April 19, 2016
Obama Syria, Iraq 'No Boots on the Ground' Backpedaling Begins / Politics / US Military
By: Mike_Shedlock
President Obama's "no boots on the ground" pledges have been broken so many times it's hard to keep track.
Today the president is back at it. Another 200 boots are on their way to the Mideast.
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Tuesday, April 19, 2016
Fake Moves in Bitcoin Price / Commodities / Bitcoin
By: Mike_McAra
In short: short speculative positions, target at $153, stop-loss at $515.
Remember how Ethereum was touted as the system which could replace Bitcoin and its price skyrocketed? Now, the system is back down after Ether (the currency of the system) lost more than 50% of its value, we read on CoinDesk:
Read full article... Read full article...While bitcoin has seen range-bound prices, ether plunged more than 56% during the week ending 15th April at 12:00 UTC, according to Poloniex figures.
Tuesday, April 19, 2016
Gold and Silver Precious Metals Complex Reverse Symmetry / Commodities / Gold and Silver 2016
By: Rambus_Chartology
In mid January of this year it looked as if another leg down was in store for the precious metals complex. Most of the precious metals stock indexes broke down to a new bear market low which I was expecting, as I was looking for that one last capitulation move to shake out the last of the bulls. There was a pretty symmetrical H&S consolidation pattern that had developed at the lows going back to August of last year. The setup looked perfect for one last move down to end the bear market but that didn't happen. Instead we got a two day shakeout below the previous low which ended exactly three months ago today.
Tuesday, April 19, 2016
China Gold Bullion Yuan Trading To Boost Power In Gold and FX Markets – End Manipulation? / Commodities / Gold and Silver 2016
By: GoldCore
China launched yuan denominated gold bullion trading today in a move that will further boost its power in the global gold and fx markets. Critics of the existing pricing mechanisms hope that it will lead to increased transparency and may end price manipulation.
The Shanghai Gold Exchange (SGE), the world’s largest physical gold exchange, launched a yuan-denominated benchmark price today in Shanghai, a measure that will benefit both China’s domestic gold market and the global precious metals market.
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Tuesday, April 19, 2016
A Powerful Signal for the Coming Silver Price Rally / Commodities / Gold and Silver 2016
By: Hubert_Moolman
The silver price and the US Dollar/South African Rand exchange rate (USD/ZAR) have a very interesting relationship that goes back a long way. Due to the nature of this relationship, I have found the USD/ZAR chart to be a good tool for determining a silver bottom.
In Jan 1980, when silver peaked at about $50, the USD/ZAR was trading at around 0.817. Today, the USD/ZAR rate is trading at about 14.366 - about 17.6 times higher than the Jan 1980 rate, whereas silver is trading at $16.2 - almost three times lower than the Jan 1980 high.
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Tuesday, April 19, 2016
UK Savers Loyalty Doesn’t Pay / Personal_Finance / Savings Accounts
By: MoneyFacts
Loyalty savings products are often marketed as exclusive deals that are only available to the select few who hold the right products. If you fit the criteria, this can be a tempting offer, but these deals don’t necessarily offer the best rates on the market.
Moneyfacts.co.uk analysed products that are only available to customers who hold existing accounts with the provider and found that they would actually be better off shopping around, something that is clearly illustrated in the table below.
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Tuesday, April 19, 2016
Gold and Crude Oil - What Can We Infer from This Relationship? / Commodities / Crude Oil
By: Nadia_Simmons
Although the world's largest oil-producing countries met this weekend in Doha, they failed to reach a deal to freeze output at Jan levels as Saudi deputy crown prince Mohammed bin Salman sustained earlier statement that Saudi Arabia would freeze the level of its oil production only if all other major producers (including Iran) did the same. Although Iran supported the freeze, the country didn't agree to cut production until it raises its output to around 4 million barrels per day (to the pre-sanctions levels). What does it mean for crude oil? In our opinion, such developments suggest a renewed battle for crude market share, which would likely translate into lower values of the commodity in the coming days or even weeks. Will our interesting ratios confirm this scenario? Let's jump right into charts (chart courtesy of http://stockcharts.com) and find out.
Tuesday, April 19, 2016
UEFA Champions League 2016 Final Walkers PepsiCo Prizes Delivery (5) / Personal_Finance / Freebies and Comps
By: Adnaan_Walayat
Find out in our final tally of prizes won in the UEFA Champions League Pepsi/Walkers easy to win promo. See what arrived in delivery no5, and what my overall impressions are of the promo and what to expect for future comps in terms of actual delivery of prizes against wins.
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Tuesday, April 19, 2016
UK Treasury Dodgy Dossier Claims 6% BrExit Price for Freedom, But Bank Bailouts Cost 16% / ElectionOracle / EU_Referendum
By: Nadeem_Walayat
The UK Government (Treasury) has released its latest 200 page dodgy dossier as part of the REMAIN establishment camps FEAR campaign on the forthcoming EU Referendum / Vote for Freedom (June 23rd). Today the Chancellor George Osborne led the charge of the light brigade by publishing a report that concluded that leaving the EU would cost the UK potential future GDP growth of 6.2% (Canada model) per annum by 2030 in relative terms i.e. that if BrExit happened annual GDP whilst still growing would be 6% lower by 2030 than if Britain had Remained within the EU.
Tuesday, April 19, 2016
British Pound Caught In Strong Trading Range / Currencies / British Pound
By: Richard_Cox
Currency markets have had some difficulty in establishing trends for most of the year, and this has made it harder for traders to establish a strong stance when dealing with the majors. The Euro, US Dollar, and the Japanese Yen have all shown themselves to be clear examples of this but when we look at recent activity in the British Pound it is looking as though some different conclusions can be drawn.
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Tuesday, April 19, 2016
50+ Global Markets. 100's of New Opportunities - FREE! / Stock-Markets / Financial Markets 2016
By: EWI
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EWI Pro Services bring you opportunity-rich, professional-grade forecasts for 50+ of the world's top markets -- many 24 hours a day, complete with Elliott-wave charts and precise forecasts.
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Tuesday, April 19, 2016
Stocks, What Oil Problem?...... / Stock-Markets / Stock Markets 2016
By: Jack_Steiman
There was a much anticipated meeting on whether the world's oil producing countries would put a freeze on future oil production since there was a glut due to decreasing demand. If the freeze was to be accepted, it was likely that oil would soar and take the market with it. If the freeze was not accepted, then it was likely oil would tank and yes, take the market with it. The news was bad as the freeze was turned down. The result was a very nasty move lower in oil and in our futures last night. It looked like the market was ready to give it up. To lose the breakout over the trend line at 2075. It had trouble for a few days putting that level away with force. failure seemed to be in the cards. Seemed to be, but in the end it wasn't.
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Monday, April 18, 2016
7 Gold And Silver Mining Investment Tips For 2016 / Commodities / Gold and Silver 2016
By: InvestingHaven
This article is based on a live webinar which was hosted by InvestingHaven.com on Wednesday April 13th during which 15 questions where answered by panelist Rob Tovell, market analyst at RobTovell.com and investor/trader for 4 decades covering all markets including precious metals, and panelist John Newell who manages the “Global Precious Metals Program” fund at Field House Capital. The first part of the webinar was focused on gold and silver mining questions, and the second part about the gold/silver price as well as gold futures market.
Monday, April 18, 2016
Rousseff Impeachment Neoliberal Coup Attempt in Brazil / Politics / Brazil
By: Stephen_Lendman
Washington still thinks of Latin and Central America as its backyard. Colonial thinking never fades.
Make no mistake. Its dirty hands are behind the attempt to oust democratically elected Brazilian President Dilma Rousseff.
She’s not neoliberal enough to suit US policymakers. Her social justice programs have to go.
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Monday, April 18, 2016
Brazil Impeaches President Rousseff; Where to for Brazil and its Currency? / Stock-Markets / Brazil
By: Mike_Shedlock
In a 367-137 vote with two absent and seven abstentions, Brazil's lower house of Congress voted to impeach President Dilma Rousseff.
342 vote were needed. To reach that total, members of her own party had to abandon Ms. Rousseff.
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Monday, April 18, 2016
The Fed Rapidly Losing Control, Creating an Inflationary Storm / Commodities / Inflation
By: Graham_Summers
The Fed is rapidly losing control.
Core inflation has already broken above 2% despite a complete collapse in commodity prices (the cost of living for many household items).
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Monday, April 18, 2016
Markets - When In Doubt Inflate Financial Paper / Stock-Markets / Financial Markets 2016
By: Jesse
Here are the basic stock and precious metal and economic charts as of about 2:00 EDT.
The economic news this morning was rather poor, and the luster with which Wall Street attempted to paint the financial sector in light of the 'great results' from JPM were fading as the 'better than expected' results over lowered expectations from CITI were not so lustrous year over year. I think we might be in the midst of another handoff of long positions from the pros to the 'others.' But only time will tell as we bang against an obvious overhead resistance point. Read full article... Read full article...