Wednesday, April 13, 2016

IMF Warns of BrExit Apocalypse, Global Chaos if Britain Votes LEAVE in EU Referendum / ElectionOracle / EU_Referendum

By: Nadeem_Walayat

The Paris based and tax payer funded IMF, headed by unelected bureaucrats and manned by academics paints a dire picture for not just Britain but the entire world, not that far from an Armageddon style mass extinction event if the people of Britain apparently vote for freedom in the June 23rd EU Referendum.

Tuesday, April 12, 2016

America’s Money Controlled Political Process / ElectionOracle / US Presidential Election 2016

By: Stephen_Lendman

From inception, America was never beautiful or democratic. Rich and powerful interests run things exclusively for their own benefit, ordinary people entirely shut out.

Secrecy and backroom deals substitute for a free, fair and open process. Candidates are pre-selected. Big money owns them. Rare exceptions prove the rule.

Tuesday, April 12, 2016

Panama Papers and the War on Savings, Bail-Ins, Push to Go Cashless / Interest-Rates / War on Cash

By: Ellen_Brown

Exposing tax dodgers is a worthy endeavor, but the "limited hangout" of the Panama Papers may have less noble ends, dovetailing with the War on Cash and the imminent threat of massive bail-ins of depositor funds.

The bombshell publication of the "Panama Papers," leaked from a Panama law firm specializing in shell companies, has triggered both outrage and skepticism. In an April 3 article titled "Corporate Media Gatekeepers Protect Western 1% From Panama Leak," UK blogger Craig Murray writes that the whistleblower no doubt had good intentions; but he made the mistake of leaking his 11.5 million documents to the corporate-controlled Western media, which released only those few documents incriminating opponents of Western financial interests. Murray writes:

Tuesday, April 12, 2016

Commodities Rally / Commodities / Gold and Silver 2016

By: Ed_Carlson

Commodities (S&P GS commodity index) saw their first rally in three weeks last week with a gain of 3.98% to close at 329 (thanks to Friday's 4.05% gain). If BWI hadn't moved into a confirmed sell-mode last week, commodities look as if they are extending the Jan. rally. Bulls wait for a close over the March high at 337. Bears get short on any sign of a double top near that same level.

Tuesday, April 12, 2016

Surging Mining Stocks Point to Big Move Ahead in Gold and Silver / Commodities / Gold and Silver 2016

By: MoneyMetals

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.

Tuesday, April 12, 2016

One Chart Reveals Fed's True Intent; Wreck Havoc on The Middle Class / Interest-Rates / Quantitative Easing

By: Sol_Palha

"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.

Tuesday, April 12, 2016

SPX using a long-time support to stay elevated...for now. / Stock-Markets / Stock Markets 2016

By: Anthony_Cherniawski

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."

Tuesday, April 12, 2016

Bitcoin Price in Tight Range / Currencies / Bitcoin

By: Mike_McAra

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.

Tuesday, April 12, 2016

Gold Money or Digital Money? / Commodities / Gold and Silver 2016

By: DeviantInvestor

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

By: Dan_Norcini

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.

Tuesday, April 12, 2016

Silver Price Surges 8% In 6 Days To Over $16 Per Ounce / Commodities / Gold and Silver 2016

By: GoldCore

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.

Tuesday, April 12, 2016

Cold Shoulder for UK Savers as Market is Hit by Interest Rate Cuts / Personal_Finance / Savings Accounts

By: MoneyFacts

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.

Tuesday, April 12, 2016

Stock Market Late Day Selling Again....Oscillators Up High And Crossing Down.. / Stock-Markets / Stock Markets 2016

By: Jack_Steiman

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.

Tuesday, April 12, 2016

Long and Intermediate Trends Crushing Gold and Silver Commercials… / Commodities / Gold and Silver Stocks 2016

By: The_Gold_Report

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.

Tuesday, April 12, 2016

Silver Price Climbs to $16, Confirming Gold’s Breakout / Commodities / Gold and Silver 2016

By: Jason_Hamlin

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!

Monday, April 11, 2016

Subprime Debt Makes a Comeback; Auto Loan Crisis is Here / Interest-Rates / Global Debt Crisis 2016

By: Sol_Palha

"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.

Monday, April 11, 2016

HUI Goldbugs Index : Some Perfect Chartology / Commodities / Gold and Silver Stocks 2016

By: Rambus_Chartology

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.

Monday, April 11, 2016

Energy Sector Set To Save the Stock Market / Stock-Markets / Stock Markets 2016

By: Chris_Vermeulen

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.

Monday, April 11, 2016

Crude Oil Stocks - For the Bulls or Bears? / Commodities / Oil Companies

By: Nadia_Simmons

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.

Monday, April 11, 2016

SPX May Have Topped this Morning / Stock-Markets / Stock Markets 2016

By: Anthony_Cherniawski

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...”