Saturday, December 05, 2015
Gold And Silver – Hope And Change From Last Week? Little Hope, Little Change / Commodities / Gold and Silver 2015
By: Michael_Noonan
Was last week the start of something big? You be the judge of what the market is saying.
There is a reason and purpose why we always use and refer to the weekly charts, and the monthly at the end of each month. These higher time frames are more controlling over the lower time frames, particularly the daily chart upon which most rely. From the daily, many then choose to view the markets from an intra day perspective, as though a closer time frame will give better results. That is not the case.
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Saturday, December 05, 2015
Gold Price Weekly Reversal : This is IT ! / Commodities / Gold and Silver 2015
By: Dan_Norcini
In watching the short squeeze taking place in the gold market this AM, I am noticing that the push higher is creating a WEEKLY UPSIDE REVERSAL PATTERN on the intermediate term chart.V
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Saturday, December 05, 2015
Stock Market Bouncing Right Back.... / Stock-Markets / Stock Markets 2015
By: Jack_Steinman
And why not. Just when it looked really bad, with another test of 2020 on the S&P 500 looming, the bulls took an oversold, sixty-minute, index-charts scenario and turned it into their own little rally party. It was quite a good rally as well. Much stronger than anyone should have expected, considering the nature of the selling the past couple of days. The oscillators looked bad, along with price losing major exponential moving averages. The market was set up for further losses. Not to be whatsoever. The bulls had a decent Jobs Report, which allowed the futures to move way up. However, just before the market opened most of those gains were wiped out. Now, with the sixty-minute charts in the low 20's on RSI, it was clear we'd rally some to unwind, even though all the pre-market gains were gone for the most part.
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Saturday, December 05, 2015
Financial Markets and the Cycle of Debt Release / Stock-Markets / Financial Markets 2015
By: Clif_Droke
To many investors cycles are the holy grail of the financial market. Many investors have devoted years to the study of them. Some have even claimed to have found the ideal cycles for consistently predicting price movements. What no one can seem to agree upon is exactly which cycles are most accurate for anticipating market moves. But what all studies of the cycles share in common is an unshakable conviction that cycles hold the answers for what is coming in the future.
Saturday, December 05, 2015
Strong U.S. Payroll Number +211,000 Assures December Interest Rate Hike / Economics / US Economy
By: Mike_Shedlock
Initial Reaction
Following last month's payroll surge comes a second strong month. The Bloomberg Consensus estimate was 190,000 jobs and the headline total was 211,000. The unemployment rate was steady to 5.0%, the lowest since April 2008. A rate hike in December is now assured.
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Saturday, December 05, 2015
Euro, Dollar, Buy the Rumor and Sell the News Alive in Forex Markets / Currencies / Forex Trading
By: EconMatters
ECB Disappoints
All those who continue to forget this trading maxim were royally punished on Thursday morning as the ECB could not match the trading enthusiasm built into the move in shorting the Euro and thus going long the US Dollar for the prior 7 weeks lead up into the ECB Monetary Policy Decision.
This is such a strong trading maxim to buy the rumor, and sell the actual news that it is the exception rather than the rule where an event over delivers. The best move is to take profits the day before the event as opposed to getting crushed on the news which happened today in the Euro and US Dollar forex trades. Literally the amount of crushing that some traders took this morning regarding giving up a month`s worth of profits in an hour is stomach churning.
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Saturday, December 05, 2015
Gold’s Artificial Price Lows / Commodities / Gold and Silver 2015
By: Zeal_LLC
Gold’s latest slide to new secular lows has amplified the hyper-bearish sentiment long plaguing it. More than ever, traders are universally convinced gold is doomed to drift lower indefinitely. But these extreme gold lows are not fundamentally righteous, they resulted from extreme record gold-futures shorting. As these risky leveraged bets must soon be covered, prices driven by them are artificial and unsustainable.
One of the greatest mistakes made in the markets is the common assumption that prevailing price levels are justified by fundamentals. Nothing could be farther from the truth. While prices do indeed gravitate towards levels supported by supply and demand over the long term, herd emotions drag them away in the short term. Popular greed and fear have vastly more influence on current prices than fundamentals.
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Friday, December 04, 2015
Does GDP Drive the Gold Price? / Commodities / Gold and Silver 2015
By: Arkadiusz_Sieron
The gross domestic product (GDP) is the monetary value of all finished goods and services produced within a country in a specific time period. It is also the most common measure of a nation’s overall economic activity or the size of economy. More and more economists recognize the flawed character of GDP (for example, it includes only final goods and services; overstates the consumption; it assumes that government spending is productive; it treats imports as something negative; it excludes household work, and so on), but governments, central banks, financial analysts and investors still think it is possible to frame the whole economy in just one number. This is why the GDP growth is still closely followed, also in the gold market.
Friday, December 04, 2015
SPX An Expanded Flat Correction at 61.8% / Stock-Markets / Stock Markets 2015
By: Anthony_Cherniawski
Unless I am mistaken, we have just witnessed an Expanded Flat Wave [ii] just a point shy of a 61.8% retracement. The labeling would be too fine for the hourly chart, so I am simplifying it to a [i] – [ii] count. The reversal may take hold after the European close at 11:30 am.
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Friday, December 04, 2015
US Dollar Index Technical Outlook / Currencies / US Dollar
By: Austin_Galt
The US Dollar index has made marginal new highs which I believe will turn out to be a false break top. Let's take a top down approach beginning with the monthly chart.
Friday, December 04, 2015
Bill Gross: Fed is "Certainly Set to Go" / Interest-Rates / US Interest Rates
By: Bloomberg
Bill Gross of Janus Capital Management joined Bloomberg Radio and Television to react to today's jobs report.
Gross said the Federal Reserve is "certainly set to go…Fed is ready to go I think because of concerns on the real economy."
When asked if he lost money yesterday, Gross said: " Oh no, made money yesterday. I had lots of calls, sold lots of calls on five and 10-year German bunds, went the other way this time and so made a lot of money, making a lot of money today on those particular trades."
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Friday, December 04, 2015
How to Profit from the End of the Longest Running War in the Americas / Stock-Markets / Emerging Markets
By: Casey_Research
By Nick Giambruno
Drug cartels. Kidnappings. Assassinations. A war for billions in cocaine profits. Leftist guerrillas looking for a piece of the action.
If you’ve seen a movie with this stuff in it, there’s a good chance it was set in Colombia.
Popular culture has depicted Colombia this way for decades. The media has pounded this image into the public’s consciousness. So it’s no surprise most people think of the country as a scary, dangerous place.
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Friday, December 04, 2015
China South Sea Martime Dispute, an Overture to World War III? / Politics / China US Conflict
By: Casey_Research
By Doug Casey
It’s always been true, as Bourne said, that “war is the health of the State.” But it’s especially true when economic times get tough. That’s because governments like to blame their problems on outsiders; even an imagined foreign threat tends to unify opinions around those of the leaders. Since economies around the world are all weakening, and political leaders are all similar in essential mindset, there’s good reason to believe the trend towards World War III is accelerating.
Many politicians and pundits in the U.S. blame “those damn Chinese” for taking “our jobs” by filling Walmart with tons of cheap goods, and the swarthy ragheads for making the price of oil too high (usually, but now too low).
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Friday, December 04, 2015
Dovish ECB Disappoints – Gold Rises, Stocks and Bonds Fall Globally, Euro Surges / Commodities / Gold and Silver 2015
By: GoldCore
‘Super Mario’, the European Central Bank’s monetary magician, disappointed markets yesterday as continuing and unprecedented monetary easing failed to prevent a sharp sell-off in stock and bond markets which has continued today.
There are sharp losses on financial markets after the ECB’s President’s – nicknamed ‘Super Mario’ and more recently ‘Magic Mario’ – latest radical measures stopped well short of market expectations and traders desperation for more cheap money and deepening ultra loose monetary policies.
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Friday, December 04, 2015
Stock Market and the FOMC Meeting / Stock-Markets / Stock Markets 2015
By: Gary_Savage
I expect the Fed is going to make a big effort to push the market back up in time for the FOMC meeting on the 16th, but the forces trying to pull stocks down right now are massive. There are times when its just best to sit on the sidelines.
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Friday, December 04, 2015
Relative Strength in Gold Stocks Portends to Rebound / Commodities / Gold and Silver Stocks 2015
By: Jordan_Roy_Byrne
A few weeks ago we warned that the gold miners were at risk of a technical breakdown. They struggled to rebound at support while Gold was breaking to a new low. Gold continued to decline but the miners held support and stabilized. Gold traded as low as $1045 on Thursday but the miners continued to diverge in a positive fashion. The recent relative strength from the gold miners particularly in the face of new lows in Gold, coupled with the oversold condition of the metals suggests a sector rebound is developing.
Friday, December 04, 2015
Does Draghi's Coup Secure Yellen's Interest Rate Liftoff? / Interest-Rates / ECB Interest Rates
By: Ashraf_Laidi
To some, the ECB has underdelivered today by not only cutting rates by a smaller than expected 0.10 bp in the deposit rate to -0.3% from -0.2% (vs exp -0.4%) but also disappointed most market players by only extending the duration of QE to an additional 6 months and not adding to the monthly $60 bn QE. The ECB's decision to opt for QE extension rather than QE expansion reflects the broad signs of improvement in German growth business surveys. Germany's IFO and various Eurozone PMIs and confidence surveys have hit 17 to 52-month highs.
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Friday, December 04, 2015
Why Is The U.S. Reluctant To Bomb ISIS Oil Fields? / Politics / Crude Oil
By: OilPrice_Com
There has been some revealing new information coming out recently regarding the strategy against ISIS. One aspect many find troubling is the apparent failure of U.S. and coalition forces to sufficiently target and destroy oil infrastructure located in ISIS territory, which accounts for a significant portion of the terror group's annual income. The argument goes, if we want to impact their operations, we should target their primary sources of income, and choke off their operational funds. So, why does ISIS oil infrastructure still stand? Is this the result of an intelligence failure? Negligence? Or, is there a more purposeful reason?Read full article... Read full article...
Friday, December 04, 2015
Financial Markets Had Been Obedient, Until Today / Stock-Markets / Financial Markets 2015
By: Gary_Tanashian
Euro 50 Flips Draghi the Bird, S&P 500 Fails at a Key Parameter, Semi’s are Fundamentally Bearish and Gold Has a Sentiment Washout Within its Bear Market
Markets Had Been Obedient, Until Today
Despite Janet Yellen’s protests to the contrary, the 7 year long asset market bailout (ZIRP + QE’s 1, 2 & 3 with a side of Operation Twist) has served to further enrich formerly troubled asset holders and provide a handy wealth effect for regular 401k holders to boot.
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Friday, December 04, 2015
The “Real Stuff” Economy Is Falling Apart / Economics / US Economy
By: John_Rubino
Each month one or two high-profile government reports show the US is growing, adding jobs and generally recovering from the Great Recession. But it’s not clear how that can be, when the part of the economy that makes and moves real things keeps shrinking. Here’s a chart, published recently by Zero Hedge, showing that US manufacturing has been contracting for the past year: