Friday, March 04, 2016
This Is the Only Way to Buy Gold Without the Government Tracking You / Commodities / Gold and Silver 2016
By Justin SpittlerIn place of our regular daily market commentary, we’re going to warn you about an extremely dangerous trend in government surveillance.
E.B. Tucker, editor of The Casey Report, has found a unique way to protect yourself…but the window of opportunity is closing fast.
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Friday, March 04, 2016
Massive Gold Investment Buying / Commodities / Gold and Silver 2016
Gold’s powerful surge in 2016 has been driven by utterly massive investment buying. This is a marked sea change from recent years, where investors relentlessly pulled capital out of gold. But with that dire sentiment reversing, they are rushing back in with a vengeance. Major investment capital inflows into gold are an exceedingly-bullish omen, as they are what transform a mere gold rally into a new bull market.
With gold enthusiasm growing, it’s easy to forget how radically different things looked just a few months ago. Back in mid-December the day after the Fed hiked rates for the first time in 9.5 years, gold dropped to a miserable 6.1-year secular low of $1051. The popular level of antipathy towards this asset class by investing professionals was mind-boggling. They universally believed it was doomed to keep spiraling lower.
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Friday, March 04, 2016
Silver Price Buy Signal – 2016 / Commodities / Gold and Silver 2016
The gold to silver ratio has been used for years to indicate buy and sell zones in both gold and silver. Why?
- At BOTTOMS in both gold and silver, based on 40 years of history, silver prices have fallen farther and faster than gold. Hence the gold/silver ratio reaches a relative high.
- At tops in both gold and silver the ratio is often low since silver rises more rapidly than gold. As Jim Sinclair says, “silver is gold on steroids.”
Friday, March 04, 2016
Lies, Damn Lies, & BLS Economic Statistics / Economics / Economic Statistics
“There are three types of lies — lies, damn lies, and statistics.” ― Benjamin Disraeli
It’s my favorite day of the month. The Bureau of Lies & Scams issues their double seasonally adjusted, massaged to provide a happy ending, birth death adjusted unemployment propaganda, designed to keep the masses in the dark about their own dire financial circumstances. Even though the equally manipulated GDP is at 1% or below, retail sales are plunging, corporate profits plummeted by 15% in the 4th quarter and Challenger & Grey corporate layoff announcements were up 42% in January versus last year, our fraudulent friends at the BLS announced glorious employment figures this morning.
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Friday, March 04, 2016
Gold Special Update… / Commodities / Gold and Silver 2016
Last week I showed you a daily line chart for GLD which I called a coiling triangle as the price action was getting more compressed as it traded toward the apex. This daily line chart shows the breakout and backtest. Most technicians are aware of the triangle consolidation pattern but its implications may not be understood by most.
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Friday, March 04, 2016
Stock Market Pop-n-drop is Probable...or Maybe just a Drop / Stock-Markets / Stock Markets 2016
Good Morning!
As mentioned last night, the algos took the SPX futures to 2002.50 before rolling over. This appears to be the final probe of the rally. Although the Premarket may currently show a positive number, chances are that the market may open in the red.
The only reason that I can give for this final surge is that the 61.8% retracement level is 1999.44.
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Friday, March 04, 2016
Gold Has Surged 24% In Sterling Year To Date on Brexit and Sterling Concerns / Commodities / Gold and Silver 2016
Gold has surged another 4% this week to bring year to date gains to 20% in dollar terms, 19% in euro terms and 24% in sterling terms. We were interviewed by PickingAlpha.com yesterday afternoon and looked at what is currently driving gold prices higher in all currencies.
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Friday, March 04, 2016
Stock Market Technicals Stay Strong Despite Early Morning Dip / Stock-Markets / Stock Markets 2016
The stock market indices had a really good session, even though they were down in the morning, and looked like they could be breaking, especially the Nasdaq 100. Both the advance-decline and up/down volume were very strong, even during the down part of the session. It led me to believe we would get a rally, and we did, taking the S&P 500 to new highs, but the Nasdaq 100 closed down on the day.
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Friday, March 04, 2016
France Threatens UK With Migrants War if British People Vote for BrExit Freedom from EU / ElectionOracle / EU_Referendum
In the run up to Britain's EU referendum the true colours of the European Union are being revealed as FEAR and THREATS dominate the REMAIN camps agenda. Today we saw the British Prime Minister David 'Chamberlain' Cameron on a podium with President 'Napoleon Complex' Hollande, who proceeded to threaten Britain with a 'Migrant War', one of literally opening the flood gates of hell should the British people vote for Freedom from the emerging European Superstate (EUSSR).
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Friday, March 04, 2016
Gold Trading Hardest Strategy to Let Your Winners Run / Commodities / Gold and Silver 2016
One of the hardest things to do in this business is to let your winners run. For whatever reason we are programmed to expect reversals. It’s why so many people try to trade against the trend. I’ve seen it in full display over the last 5 weeks as trader after trader has tried to pick the top of the run in metals. Many even trying to short the sector.
I made that mistake many times myself in my early career. Folks a sustained trend doesn’t come around all that often, when you get one you have to ride it for all it’s worth. That’s how the big money is made. And I’ll say this again. Never, never, never short a baby bull. They are unpredictable and extremely aggressive. They almost always go much further than anyone expects. Why? Because everyone has become conditioned for failure by the bear market that preceded it. This is the fuel for a much more sustained move than most people anticipate. Invariably there is a steady stream of top pickers all the way up. They either sell way too early, or they try to short the rally over and over as a revenge trade for missing the move.
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Friday, March 04, 2016
Short Squeeze in Treasuries? / Interest-Rates / US Bonds
Day 43 came and went with a small throw-over of the trendline at the close. This final thrust made 21 waves (an impulse) from 1931.88 to today’s close, so I don’t see how they can add any more waves to it.
The normal amount of time in a counter-trend rally is 21 days in a bear market, and often much shorter. Today is day 21 from the February 11 low, so it appears to have fulfilled the time requirement. One of my Swing Models suggested February 26 would give us the turn, but it is now 6 calendar days overdue. Since tomorrow is 4.3 market days from my projected “swing high,” I had originally suggested that tomorrow would be the first low of the decline. I will eat crow over that call.
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Friday, March 04, 2016
Behold the New Gold Bandwagon. . . / Commodities / Gold and Silver Stocks 2016
Precious metals expert Michael Ballanger says we are actually back in a bona fide, brand-spanking-new, bull market in gold and the gold miners.
As I was busy last evening returning a myriad of emails regarding the near-term outlook for gold and silver, I was suddenly hit with the realization that we really are actually BACK in a bona fide, brand-spanking-new, bull market in gold and the gold miners.
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Thursday, March 03, 2016
Stock Market Faulty Recession Barometer / Economics / Recession 2016
A cacophony of recession chatter is filling the airwaves. Some experts are already declaring we are in one while others are raising warning flags. Their message has not been lost on the masses: Google searches for the word "recession" have risen to the highest level since 2012. Interestingly, many commentators cite the 20% decline in global stock prices as the warning signal, if not the cause. But veteran investor Joe McAlinden believes the U.S. economy will continue to expand in the year ahead.
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Thursday, March 03, 2016
Fed Stuck Between Hard Place and a Grenade / Interest-Rates / US Interest Rates
He who trims himself to suit everyone will soon whittle himself away. Raymond HullThe Fed is stuck in between a hard place and a grenade, given this option, they will choose the hard place as unless you are looking for a one-way to ticket to nowhere you won’t choose the grenade. The Fed has nowhere to go; there is only one option available inflate the money supply or die trying to.
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Thursday, March 03, 2016
SPX Breaks its First Support / Stock-Markets / Stock Markets 2016
SPX just broke its 2-hour Cycle Top at 1980.09, suggesting an end to this swing rally. It is now in a retracement back above that support. When it is broken a second time this may be a good aggressive short entry for any dry powder at hand. Confirmation may not come until SPX declines beneath its 50-day Moving Average at 1937.03. However, the decline has the potential to be massive, so take your best shot.
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Thursday, March 03, 2016
What Is Copper Telling Us? / Commodities / Copper
I am going to keep this piece, short and sweet as I believe the charts below will speak volumes about where we are in these markets and more importantly, where we are heading.The world seems to be on the verge of a meltdown but, if so, why are some of the commodities telling a different story?
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Thursday, March 03, 2016
GLD ETF Continues To Add Gold / Commodities / Gold and Silver 2016
The continued build in the number of reported gold holdings in the large gold ETF, GLD, is nothing short of phenomenal. This week alone, another 22 tons of gold have been added to the ETF bringing the total in storage to 788.6 tons.
Here is a chart showing the sharp increase in holdings.
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Thursday, March 03, 2016
Stocks Follow Crude Oil Price Higher Towards New All Time Highs 2016 - Video / Stock-Markets / Stock Markets 2016
The Dow's latest surge higher has put the stocks index within 3% of setting a new high for 2016, so it's not looking like it's going well for the bears who at least into early February were proclaiming that the Great Bear Market Apocalypse was upon us. Instead for the past couple of weeks or so have been increasingly going silent, into hibernation. Though I have to give it to the perma bears, those who have been wrong for the longest are still out there pumping out bear market and crash rhetoric of 30%, 40% even more than a 50% drops!
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Thursday, March 03, 2016
Donald Trump – Bad For US Dollar, Good For Gold? / Commodities / Gold and Silver 2016
Donald Trump’s emergence as the Republican frontrunner and possible future U.S. President is causing some gold and investment analysts to suggest diversifying into gold according to the Wall Street Journal.
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Thursday, March 03, 2016
Stock Market Refusing To Fall....Sentiment Peeking Above Zero For Spread.... / Stock-Markets / Stock Markets 2016
The market got a plethora of happy news yesterday, which began with China's central bank deciding it was time for yet another stimulus program. In addition, we heard Mr. Draghi of the Euro zone promise more help on the stimulus front, and lastly we had a better than expected, although still contracting, ISM Manufacturing Report. A triple play of good market news.
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