Saturday, November 14, 2015
War on Cash, Bank of England Planning Hyper QE, Scrapping Cash for Digital Currency / News_Letter / Credit Crisis 2015
By: NewsLetter
The Market Oracle NewsletterSept 22nd, 2015 Issue # 19 Vol. 9
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Saturday, November 14, 2015
Stock Market Dow Trend Forecast for September to December 2015 / News_Letter / Stock Markets 2015
By: NewsLetter
The Market Oracle NewsletterSept 13th, 2015 Issue # 17 Vol. 9
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Friday, November 13, 2015
Absurd Gold Stock Levels / Commodities / Gold and Silver Stocks 2015
By: Zeal_LLC
Gold stocks have suffered heavy collateral damage following the Federal Reserve’s hawkish surprise late last month, which ignited enormous gold-futures selling by American speculators. This devastated sector has been battered back down near last summer’s deep secular lows. But these gold-stock price levels are fundamentally absurd, the product of extreme and irrational sentiment that can’t persist for long.
Today’s gold-stock price levels are the greatest fundamental disconnect in the entire stock markets, an epic opportunity for contrarian investors and speculators! The entire gold-mining industry is trading as if the price of gold, the overwhelmingly-dominant driver of its profits, was just a small fraction of prevailing levels. Gold stocks are radically underpriced fundamentally based on their current and future earnings power.
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Friday, November 13, 2015
Brutal Economic News As The World Rolls Over / Economics / Global Economy
By: John_Rubino
Brutal news is pouring in from pretty much everywhere.
US retail sales are flat and wholesale prices are falling. Big retail chains are missing on earnings and seeing their shares plunge.
Chinese nonperforming loans are soaring while imports, car sales and steel production are way down.
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Friday, November 13, 2015
The U.S. Shadow Interest Rate Casts Gloom / Interest-Rates / US Interest Rates
By: Peter_Schiff
Nearly 92% of economists surveyed this week by the Wall Street Journal expect that our eight-year experiment with unprecedented monetary easing from the Federal Reserve will come to an end at the next Fed meeting in December. Since we have had the monetary wind at our back for so many years, at least a few have begun to question our ability to make economic and financial gains against actual headwinds. But in reality, the tightening cycle that the forecasters are waiting for actually started last year. Sadly, the markets and the economy are already showing an inability to handle it.
Friday, November 13, 2015
The “Bloodbath” in Canada Is Far From Over / Commodities / Canada
By: Casey_Research
By Justin Spittler
The oil price crash continues to claim victims…and many of them are in Canada.
The price of oil hovered around $100 for most of last summer. Today, it’s trading for less than $45.
Weak oil prices have pummeled huge oil companies. The SPDR S&P Oil & Gas Exploration & Production ETF (XOP), which tracks the performance of major U.S. oil producers, has declined 36% over the past year. The Market Vectors Oil Services ETF (OIH), which tracks U.S. oil services companies, has declined 30% since last November.
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Friday, November 13, 2015
Russia Sees Gold Reserves As “Additional Financial Cushion” In Face Of “External Uncertainties” / Commodities / Gold and Silver 2015
By: GoldCore
- Gold and FX reserves are “additional financial cushion” for state in face of “external uncertainties”
– Russia bought another 77 tonnes of gold in Q3
– Ruble volatility does not create risks for financial stability in Russia
– Russia intends building fx and gold reserves to $500 billion in coming years
– Gold is a “100% guarantee from legal and political risks”
Friday, November 13, 2015
Why Black Friday Needs to be a National Holiday / Politics / Shopping
By: Walter_Brasch
At one time, people placed carved pumpkins with a candle inside on their front porches to announce the beginning of the Halloween season.
And then it became a contest. First, best Halloween pumpkin. And then who could decorate their trees and hedges with the best fake cobwebs, followed by fake witches in trees.
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Friday, November 13, 2015
Africa Population Explosion - Why Europe's Migrant Crisis is Going to Get A Lot Worse - Video / Politics / Africa
By: Nadeem_Walayat
What's lost in the midst of this year’s migration crisis of as many as 1 million migrants heading for Europe's shores, near five times the number for 2014, is the consequences of the REAL MEGA-TREND, that is not just of the war in Syria but the fact that Africa (both North and South) is undergoing a population explosion, that is literally manifesting in an exponential trend, one of MORE than doubling of Africa's population every 40 years that looks set to make today's migrant crisis look like a picnic when compared against the several of millions per year that will be arriving on Europe’s borders within a few short years as the global population graph based on UN data illustrates.
Friday, November 13, 2015
Stock Market Make or Break, Is the US Heading Towards Recession? / Stock-Markets / Stock Markets 2015
By: Puru_Saxena
The global economy is slowing down rapidly and it is conceivable that the developed world may face a recession next year. Already, the Japanese economy is contracting and even Europe is barely growing. Across the pond, the US is still muddling through but the leading economic indicators and all the major Fed regional activity surveys (Figure 1) are suggesting economic weakness ahead.
Friday, November 13, 2015
Inspiration from the World of Sports for Sucessful Investing / Stock-Markets / Investing 2015
By: John_Mauldin
One of the most successful investors in the world is Howard Marks of Oaktree Capital Management. One of the things I look forward to every quarter is the letter he writes to his clients – it goes right to the top of my reading list. Not only is it always full of generally brilliant investment counsel, Howard is also a really great writer. He has an easy style that pulls you through his letter effortlessly.
I have never sent his letter to you as an Outside the Box, as the copies I get are clearly watermarked and copyrighted. So I was surprised and delighted to learn that the letter is free when I listened to a speech by Howard in which he encouraged everyone to get it. Unlike another hundred-billion-dollar hedge fund company that shall go unnamed, Oaktree evidently thinks that brilliance should be shared.
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Friday, November 13, 2015
US Stock Market: Anatomy of a Correction / Stock-Markets / Stock Markets 2015
By: Gary_Tanashian
Over the last week we (NFTRH) have used market sentiment indicators and index charts to gauge the prospects of finding a high on the post-September relief ‘bounce’ rally.
During August and September market sentiment had become brutally over bearish and this was very dangerous from the bears’ perspective. We set upside bounce targets for the SPX at 2020, 2040, 2060 and 2100. The first three were resistance levels (broken support) and the last was the general measurement of the ‘W’ bottom that formed in August and September. With the extremes in bearish sentiment, it was not so surprising that SPX climbed all the way to just above 2100.
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Friday, November 13, 2015
Deflation and the Devaluation Derby - A Closer Look at All Those New U.S. Jobs / Economics / Deflation
By: EWI
U.S. labor force participation rate is at its lowest level in 38 years
Editor's note: You'll find a text version of the story below the video.
I was in the café of a bookstore recently and overheard a young man tell his friend, "It's hard to get a job these days, even with a degree."
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Friday, November 13, 2015
Crude Oil and Gold Daily Cycles / Commodities / Commodities Trading
By: Gary_Savage
Oil has confirmed a failed daily cycle. That's not good news and probably means the 3 year cycle low will now get stretched out to early spring.
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Thursday, November 12, 2015
Another Day Older and Deeper in Debt / Interest-Rates / Global Debt Crisis 2015
By: DeviantInvestor
Debt overwhelms most people in debt based fiat currency economies (US, UK, Europe, and others). Credit cards, auto loans, student loans, mortgages, and more …
Debt overwhelms most governments in debt based fiat currency economies. They are in debt because governments spend more than their revenues, which is a truly simple concept. However, don’t expect fiscal sanity to return anytime soon.
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Thursday, November 12, 2015
Copper Monthly, Aussie Jobs Soar, but Capex far from Done / Commodities / Copper
By: Ashraf_Laidi
It's not the first time an Australian jobs report shows employment growth rise five times more than expected. Whether it will be revised downwards or not, it is undoubtedly reflecting partial strength in the nation's labour market. Australia added a net 58.8K jobs in September; over four times expectations, the highest increase in 3 ½ years and the 3rd biggest jump over the last 15 years. Remarkably, 40K of the 58.8K increase emerged from full time jobs, while only 18.6K was from part time employment. The 231.7K increase jobs in the first 10 months of the year showed the its biggest annual gain since 2010.
Thursday, November 12, 2015
Stock Market Breakdown / Stock-Markets / Stock Markets 2015
By: Anthony_Cherniawski
Good Morning!
My start this morning was delayed due to a late work night and early morning dentist’s appointment. I have more activities planned for the day, so my reportage may be spotty.
However, there is good news for our bearish positions this morning. SPX broke down as anticipated with a 2.5 point gap which suggests that selling pressure overwhelmed the always bullish HFTs this morning.
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Thursday, November 12, 2015
USD, XEU, CRB, DBC, Oil, Copper and Gold Chartology of Deflation / Currencies / US Dollar
By: Rambus_Chartology
Tonight I would like to update some of the charts on the possible inflection point we looked at about three weeks or so ago. That possible inflection point is still gaining momentum to the downside as the deflationary environment still looks good to go. No market goes straight up or down so one needs to expect some turbulence along the way.
In order for the deflationary theme to play out we will need to see a strong US dollar which will affect the commodities complex and other important currencies of the world. Below is a closeup view for the US dollar that now shows the bullish falling wedge in breakout mode with one backtest to the top rail so far.
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Thursday, November 12, 2015
UK BrExit Referendum as European Union Faces Migration Catastrophe / Politics / UK EU Referendum
By: Nadeem_Walayat
This week David Cameron kick started his negotiations with the European Union to head off the risk of a Referendum vote to leave the European Union due to be held some time during 2017. The latest opinion polls put the LEAVE camp in the minority on 39%, however faced with continuing out of control immigration could by referendum day bring the vote closer to a 50/50 knife edge result.
By most accounts David Cameron's demands in his letter to to Donald Tusk (President of the European Council) are pretty weak, most of which are designed to be achieved in what amounts to a pantomime act for an gullible electorate to swallow.
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Thursday, November 12, 2015
Stock Market Very Negative Close / Stock-Markets / Stock Markets 2015
By: Harry_Boxer
The stock market indices had a volatile session today. They popped at the opening, 3-wave, corrective pullback ensued, then they had a very strong rally midday that led to the session highs just under 4680 Nasdaq 100, and 2987 S&P 500. They came down in a 3-wave decline near the close, and then rolled over into the close to cement the negative close for the day.