Monday, April 18, 2016
7 Gold And Silver Mining Investment Tips For 2016 / Commodities / Gold and Silver 2016
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.
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Monday, April 18, 2016
Rousseff Impeachment Neoliberal Coup Attempt in Brazil / Politics / Brazil
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
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
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
"For we wrestle not against flesh and blood, but against principalities and powers, against the rulers of the darkness of this world, against spiritual wickedness in high places." Eph 6:12
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...
Monday, April 18, 2016
Negative Interest Rates May Be Positive for Gold / Commodities / Gold and Silver 2016
As 2015 came to a close, most investors believed that 2016 would be a year dominated by a series of Fed rate hikes. That conviction solidified in mid-October when comments from multiple Fed officials convinced many that prior hints that the Fed would stay at zero percent rates had been false alarms. The Fed delivered on its promise in mid-December by actually raising rates by 25 basis points. Based on this, gold declined by 10% from October 14 to the end of the year, nearly matching its six year low. Many on Wall Street thought the declines would continue into 2016. They were decidedly wrong.
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Monday, April 18, 2016
Stock Market Premarket is Down / Stock-Markets / Stock Markets 2016
Good Morning!
SPX futures declined to short-term support at 2062.36 in the overnight session. The Premarket is down, but partially recovered from its earlier plunge. The overnight bounce at Short-term support indicates the probability that it may not hold the second time. The rally trendline and mid-Cycle support at 2056.35 may be the next challenge later today.
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Monday, April 18, 2016
Stock Market More Uncertainty Ahead Of Quarterly Earnings Releases / Stock-Markets / Stock Markets 2016
Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,100, and profit target at 1,950, S&P 500 index).
Our intraday outlook is bearish, and our short-term outlook is bearish. Our medium-term outlook remains bearish, as the S&P 500 index extends its lower highs, lower lows sequence:
Intraday outlook (next 24 hours): bearish
Short-term outlook (next 1-2 weeks): bearish
Medium-term outlook (next 1-3 months): bearish
Long-term outlook (next year): neutral
Monday, April 18, 2016
Loan Rates on the Rise for the First Time this Year / Interest-Rates / Debt & Loans
Personal loans have become increasingly competitive over the last few years with considerable rate cuts resulting in some of the lowest rates ever seen. However, it now appears that some providers can no longer sustain such low prices, so rates are once again on the rise.
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Monday, April 18, 2016
Helicopter Money to the Rescue / Interest-Rates / Quantitative Easing
Following the unconventional monetary policy of negative interest rates, central banks are now considering an even more desperate measure: “helicopter money.” Milton Friedman is credited with this idea:
Read full article... Read full article...Let us suppose now that one day a helicopter flies over this community and drops an additional $1,000 in bills from the sky, which is, of course, hastily collected by members of the community. Let us suppose further that everyone is convinced that this is a unique event which will never be repeated.
Monday, April 18, 2016
The Oppressed U.S. Taxpayer, A Morally Sound Tax Reform Proposal / Politics / Taxes
This year, Americans’ day of tribute to their federal overlords falls on April 18. As calculated by the Tax Foundation, the average American will work from January 1 to April 24 (Tax Freedom Day) to pay his share of taxes to all levels of government with some $3.3 trillion to be forked over to the federal government and $1.6 trillion to state and local jurisdictions.*
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Monday, April 18, 2016
Trump Is No Peace Candidate / ElectionOracle / US Presidential Election 2016
Throughout its sordid history, all US presidents supported war, not peace - including Washington, Jefferson, Lincoln and both Roosevelts.
Traditional US policy from inception refutes the notion of a peace candidate becoming president - Jack Kennedy the one exception.
He entered office a warrior, transformed himself into a peacemaker, was killed for wanting all US forces out of Vietnam by end of 1963, normalized ties with Soviet Russia, nuclear disarmament, and the CIA disbanded, among other anti-establishment views.
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Monday, April 18, 2016
What Did Fed Chairman Yellen Tell Obama? / Politics / US Federal Reserve Bank
This week, President Obama and Vice President Biden held a hastily arranged secret meeting with Federal Reserve Chairman Janet Yellen. According to the one paragraph statement released by the White House following the meeting, Yellen, Obama, and Biden simply "exchanged notes" about the economy and the progress of financial reform. Because the meeting was held behind closed doors, the American people have no way of knowing what else the three might have discussed.
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Monday, April 18, 2016
US Stock Market Indices MAP Wave Analysis Q2 Update / Stock-Markets / Stock Markets 2016
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All 4 major US indices are set to top over the next two weeks running into long term cyclical resistance, before heading off to new low onto late Q3 early Q4 if they fail to break out to new highs, so this year looks like no Santa rally!
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Monday, April 18, 2016
Is Deutsche Bank's Gold Manipulation The Main Scam Or Just A Side-Show? / Commodities / Gold and Silver 2016
For years now, the easiest way to finesse a debate over whether precious metals markets are manipulated has been to say, "well, if they're not manipulated they're the only market that isn't."
That was unsatisfying, though, because as the big banks got caught scamming their customers on interest rates, mortgage bonds, forex and commodities trades, those markets (presumably) began to operate more-or-less honestly. Gold and silver, meanwhile, kept right on acting strangely, for instance plunging in the middle of the night on no news but massive futures volume, to the detriment of honest investors and traders who naively bet their capital on fundamentals. The (already huge) amount of money thus stolen from gold bugs kept rising.
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Monday, April 18, 2016
Gold Mining Stocks Reach First Resistance Target but Continue to Outperform Gold Price / Commodities / Gold and Silver Stocks 2016
The gold stocks have been on a tear lately as they continue to move higher in defiance of the bearish calls of numerous pundits and traders. After trading lower mid week and filling Monday's gap, the miners are set to close the week with some strength. While the miners are overbought and could remain below resistance for a little while, their strong outperformance of Gold remains a comforting signal for bulls.
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Sunday, April 17, 2016
CRB, Gold, The Fed has Unleashed Inflation / Commodities / Commodities Trading
And it wants more of it.
From mid-2014 until early 2016, commodities as an asset class, collapsed some 45%.
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Sunday, April 17, 2016
Continuing Stock Market Topping Pattern? / Stock-Markets / Stock Markets 2016
Current Position of the Market
SPX Long-term trend: The beginning of a lengthy correction is probably underway!
SPX Intermediate trend: Potential rally top.
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Sunday, April 17, 2016
Corruption and Impeachment in Brazil, Chance for Change in Brazil's Scandal / Politics / Brazil
For the past two years, Brazil has been mired in the costliest corruption scandal ever uncovered in a democracy. Evidence surfaced in 2014 that contractors in Brazil had formed an alliance to overbid on projects for government-owned energy company Petroleo Brasileiro (Petrobras). Contractors pocketed the extra cash and bribed politicians and Petrobras executives to keep quiet. The scandal — the investigation of which came to be known as "Operation Carwash" — was so blatant and implicated such prominent political figures that it shocked Brazil, a country accustomed to high-level corruption. And now the odds that Brazil's president, Dilma Rousseff, will survive the fallout are looking slimmer and slimmer.
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Saturday, April 16, 2016
Silver Price "Damp Squib" Rally of 2016 / Commodities / Gold and Silver 2016
The combination of silver having arrived at a short-term target, with bearish looking candlesticks appearing, gold completing a Head-and-Shoulders top and latest COTs for both gold and silver being at the sort of extreme readings characteristic of a top, all point to silver reversing to the downside here.
On its 6-month chart we can see how silver's sharp advance over the past week or so has brought it up to a trend channel target, where the advance has run into trouble, with bearish looking candlesticks in recent days suggesting that it will soon drop away again.
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