Monday, October 12, 2015

Why Gold Price Has Bottomed / Commodities / Gold and Silver 2015

By: Gary_Savage

Let me show you a few reasons why I think gold may have bottomed and why this intermediate rally could continue a lot longer than most traders expect.

I've marked the last two intermediate cycle lows with blue arrows. Now notice the intermediate trend line has already been broken and the dollar is only 7 weeks into it's intermediate cycle. That's a bad sign. It means the intermediate cycle has likely already topped and in an extreme left translated pattern.

Monday, October 12, 2015

Rise in Low Interest Rate Credit Card Deals, But Beware of Cash Charges / Personal_Finance / Credit Cards & Scoring

By: MoneyFacts

The latest research from Moneyfacts.co.uk shows that the number of low rate credit cards (cards charging less than 12%) has grown by a third in the past two years, rising from just 12 cards in 2013 to 16 today. The lowest purchase card now on offer charges just 6.4% APR for standard purchases and is the lowest rate card on the market since 2006, when a 5.9% APR card was available*.

These cards can be a cost-effective choice for those borrowers who are unsure about being able to clear their balance within the timeframe set by a card with an interest-free introductory purchase or balance transfer offer.

Monday, October 12, 2015

Stock Market One Step Back From the Ledge / Stock-Markets / Stock Markets 2015

By: Michael_Pento

I started Pento Portfolio Strategies three years ago with the knowledge that the unprecedented level of fiat credit creation had rendered the globe debt disabled and would result in mass global sovereign default. As a consequence, there would be wild swings between inflation and deflation dependent upon the government provisions of fiscal stimulus, Quantitative Easing and Zero Interest Rate Policies...

Monday, October 12, 2015

U.S. Politicians Exploit School Shooting While Ignoring Bombing Victims / Politics / US Politics

By: Dr_Ron_Paul

Following the recent Oregon school shooting, many politicians rushed to the microphones to call for new gun control laws. President Obama even called on gun control supporters to "politicize" the shooting, while some members of Congress worked to establish a special commission on gun violence.

The reaction to the shooting stands in stark contrast to the reaction to the US military's bombing of an Afghanistan hospital run by the international humanitarian (and Nobel Peace Prize winning) group Doctors Without Borders.

Monday, October 12, 2015

Netanyahu Unleashes Settler Terror Attacks, Targets Palestinian Hospitals and Patients / Politics / Palestine

By: Stephen_Lendman

Netanyahu-ordered state terror continues raging with no end in sight. Heavily armed soldiers, militarized police, border guards and other security forces are systematically terrorizing Palestinians - beating, wounding and murdering them in cold blood.

Monday, October 12, 2015

Structural Reasons For A Long-Term Financial Markets Decline / Stock-Markets / Financial Markets 2015

By: Raymond_Matison

Markets advance and decline for a myriad of different reasons. But in the final analysis, the old maxim about more buyers than sellers making bullish markets, and more sellers than buyers making bear markets remains true.  Unfortunately such a simple observation is neither insightful nor helpful. However, by adding detail to this old market truth we can get great insight into the future of our current and future financial markets.

Monday, October 12, 2015

New Hedge Fund Buying Enters Crude Oil Market / Commodities / Crude Oil

By: Dan_Norcini

First, let's start with an updated chart of the WTI Crude oil.

Crude has been in a range for most of the month of September oscillating near the 50 day moving average. It had been unable to do much in the way of additional upside however until this month, when it finally broke out above resistance at the top of the range near the $48 level. Friday it managed to best 50 on an intraday basis but then faded well off the highs heading into the close.

Monday, October 12, 2015

Stock Market / GDX New Lows Coming: Panic Ahead? / Stock-Markets / Stock Markets 2015

By: Brad_Gudgeon

The stock market came back with a vengeance out of the late September low (5- week lows), but failed to come back evenly, creating a case of an inter-market bearish divergence. The Dow Industrials, NYA, OEX and SOX made a higher high above the September 17th top on October 9th, but the SPX and NASDAQ Comp failed to do so. The SPX came close but the Comp failed miserably. In charting terms, we have just created a "double top" and hence a 'double top reversal' is at hand. Normally, it runs a Fibonacci .333 to .382 past the previous low (1871 SPX) and that forecasts ideally somewhere between or near 1780-96 on the SPX within the next 5-6 TD's.

Sunday, October 11, 2015

Stock Market Gains, but the “Super Crash” Is Accelerating / Stock-Markets / Financial Crash

By: MM

MoneyMorning.com Michael E. Lewitt writes: The lunatics are running the asylum.

After an incessant flow of bad economic news from both the U.S. and abroad, investors decided that "bad news is good news" and they should bid up stock prices.

Saying "bad is good" is like saying "down is up" or "Hillary is telling the truth."  It is so obviously contrary to the facts that you can't take it seriously.

Sunday, October 11, 2015

Negative Interest Rates Tantalizing Stupidity and the Case for Gold / Interest-Rates / US Interest Rates

By: Mike_Shedlock

Financial Repression Insanity

Purportedly the Fed is ready willing and able to go to next step of financial repression insanity.

Sunday, October 11, 2015

October Stocks Bear Market and Crash Killer / Stock-Markets / Stock Markets 2015

By: Nadeem_Walayat

We are now well into October, which is THE month for stock market doom and gloom to prevail. This is the month when the perma stock market crash proponents are at their most vocal when they dust down and repost ancient charts of previous crashes such as 1929 and 1987 and more recently 2008, to once more proclaim that history is about to repeat and a stock market crash is imminent. Though this time its even worse than usual because even those who may have been 'mostly' bullish threw in the towel several weeks ago to at least conclude that stocks bear market had begun.

Saturday, October 10, 2015

A Bifurcated U.S. Housing Market, How Much Longer Can Unaffordable Housing Prices Last? / Housing-Market / US Housing

By: Adam_Taggart

Charles Hugh Smith writes: Markets discover price via supply and demand: Big demand + limited supply = rising prices. Abundant supply + sagging demand = declining prices.

Eventually, prices rise to a level that is unaffordable to the majority of potential buyers, with demand coming only from the wealthy. That’s the story of housing in New York City, the San Francisco Bay Area and other desirable locales that are currently magnets for global capital.

Saturday, October 10, 2015

Gold Stocks GDX 30% Stealth Rally / Commodities / Gold and Silver Stocks 2015

By: Gary_Savage

We've had a stealth 30% rally off the low and still almost no one believes in the rally. Many bears are still trying to short this market. This is how bull markets start with no one on board and shorts still trying to press a very mature downtrend.

Saturday, October 10, 2015

Stock Market Primary V to New Highs Underway / Stock-Markets / Stock Markets 2015

By: Tony_Caldaro

The week started at SPX 1951. After a gap up opening on Monday morning to start the week, the market made higher highs and lows every day ending the week at SPX 2015. For the week the SPX/DOW gained 3.5%, the NDX/NAZ gained 2.5%, and the DJ World index gained 4.4%. Economic reports for the week continued their neutral to negative bias. On the uptick: wholesale inventories, the WLEI, GDPn and weekly jobless claims improved. On the downtick: ISM services, consumer credit, export/import prices, the MMIS and the trade deficit expanded. Next week, a busy week, we get Industrial production, the FED’s Beige book, and Retail sales.

Saturday, October 10, 2015

Putin’s “Endgame” in Syria / Politics / Russia

By: Mike_Whitney

Russia doesn’t want to fight a war with Turkey, so Russian generals devised a simple, but effective plan to discourage Turkey from taking any action that could lead to a clash between the two nations.

Last week, Russian warplanes intruded into Turkish airspace twice. Both incidents caused consternation in Ankara and send Turkish leaders into a furor. On both occasions, officials in Moscow politely apologized for the incursions claiming they were unintentional (“navigational errors”) and that they would try to avoid similar intrusions in the future.

Saturday, October 10, 2015

Gold And Silver Trapped In A Low-End Trading Range / Commodities / Gold and Silver 2015

By: Michael_Noonan

Syria: An example why gold and silver have not rallied, and an example of why gold and silver ultimately will rally.

As a side note, never in the history of the world has a fiat paper currency ever survived. Never before in history has there been so much fiat-created paper currency nor has there ever been as much debt in the world. Never before has the demand for gold and silver been greater, nor the supply of same less, relative to the demand. Obviously, as we have stated in the past, the natural factors of supply and demand are of no consequence for the pricing of gold and silver.

Saturday, October 10, 2015

A Week Where Pessimism Ruled.... Stock Markets Rally.... / Stock-Markets / Stock Markets 2015

By: Jack_Steiman

Pessimism has been rocking in over the past two months. Step by step we've seen more and more bears come in, while more and more bulls run out. Shorting positions dramatically on the rise. Fewer and fewer people are talking as if the market can actually go up again. So naturally the market had a nice week to the upside, closing at overbought on the short-term charts for good measure. Shows how much pessimism and short interest can do for the short-term, if not a bit longer than that. The bull-bear spread started the week at minus 4%. It was probably close to zero or slightly green, but still a solid number for the bulls.

Saturday, October 10, 2015

Free Traders Educational Week / InvestorEducation / Learn to Trade

By: EWI

Dear Trader,

You have an opportunity to spend the next week learning how you can spot high-confidence trade setups in the charts you follow every day.

Elliott Wave International (EWI) is hosting a free Trader Education Week. Register now and get instant access to free trading resources -- plus you'll receive more lessons as they're unlocked each day of the event.

Saturday, October 10, 2015

Why I'm Bearish on Gold / Commodities / Gold and Silver Stocks 2015

By: Submissions

Tony Mermer writes: Many investors have turned bullish on gold since it fell below $1080 in July, which was the 50% retracement level since gold's secular bull market began in 2001. These investors believe that gold's cyclical bear market is now over and that the secular bull is about to resume. I disagree. Gold will fall below $1000 before this cyclical bear market is over. Here's why.

Friday, October 09, 2015

Obama Abandons Scheme to Train Nonexistent Syrian Moderates / Politics / Syria

By: Stephen_Lendman

On Friday, Defense Department publication Stars and Stripes (S&P) headlined “Pentagon plans new approach to train Syrian rebels.” More on this below.