Monday, October 26, 2015
Someone Is Spending Your Pension Money / Personal_Finance / Pensions & Retirement
“Retirement is like a long vacation in Las Vegas. The goal is to enjoy it to the fullest, but not so fully that you run out of money.”– Jonathan Clements
“In retirement, only money and symptoms are consequential.”– Mason Cooley
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Monday, October 26, 2015
Green Light Silver – Part 2 / Commodities / Gold and Silver 2015
In part one we stated that “Silver looks like it has bottomed and will move substantially higher.” In summary:
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Monday, October 26, 2015
US Stocks Snorting Bull Market / Stock-Markets / Stock Markets 2015
I have some free time tonight and the better part of the day tomorrow to post a few charts before I have to catch my flight home on Tuesday. I just want to thank you again for you patience.
Lets take a quick look at the daily INDU chart I posted on Wednesday that now shows the breakout of the rounding top trendline. So far so good.
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Monday, October 26, 2015
House Benghazi Hearings: Too Much Too Late / Politics / US Politics
Last week the US House of Representatives called former Secretary of State Hillary Clinton to appear before a select committee looking into the attack on a US facility in Benghazi, Libya, in 2012. The attack left four Americans dead, including US Ambassador to Libya, Chris Stevens.
As might be expected, however, the "Benghazi Committee" hearings have proven not much more than a means for each party to grandstand for political points.
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Monday, October 26, 2015
Children’s Savings Account Rates Worsen / Personal_Finance / Savings Accounts
The latest research by Moneyfacts.co.uk reveals that some child savings accounts have received shocking rate cuts over the course of 2015, with some deals now paying as little as 0.10% yearly.
The average children’s savings account currently pays 1.56% yearly*, down from the 1.61% paid a year ago. While this may seem like only a small drop across the market, this average masks the fact that some individual deals have had severe rate cuts.
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Monday, October 26, 2015
The 24/7 U.S. Election and Media Carousel / ElectionOracle / US Presidential Election 2016
The national news media—and their sidekicks, the cackling pundits—had been asking the same questions the past six months. “Will he? Won’t he? Should he? Shouldn’t he? Can he? Can’t he?”
The “he” is Joe Biden. The vice-president said numerous times he was still thinking about running for president, but hadn’t made up his mind. The Biden question kept the media busy speculating about an issue that even Mr. Biden couldn’t answer, nor should he have been forced to make a commitment in the media’s time frame.
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Monday, October 26, 2015
Buy-to-Let Property Boom Over Despite UK House Prices Grinding Higher / Housing-Market / Buy to Let
Britain's 2 million strong army of buy-to-let private landlords with well over 5 million properties in their portfolios face a perfect storm of new regulations, tax hikes and benefits cuts that looks set to turn their and their tenants finances upside down, converting profits into losses, this despite UK house prices expected to continue to grind ever higher and thus increasing portfolio valuations.
The fantasy sales pitch of seminars of buying properties to rent out at huge potential returns had convinced many thousands of investors over the past decade to become buy-to-let landlords, especially given the abysmal rates of bank interest of the past 6 years. However, reality has never matched expectations for many buy to let investors who soon realise that buy to let is actually a second job rather than an invest and forget exercise, as they tended to face a string of problems at the top of the list are problem tenants, a situation greatly worsened by mass migration from eastern europe and the myriad of scams they tended to pull on unsuspecting landlords, leaving behind wrecked properties that will cost far more to rectify than any rental income gleaned from such properties.
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Sunday, October 25, 2015
Gold and Silver Charge of the Light Brigade / Commodities / Gold and Silver 2015
Gold and silver were hit by paper contract selling this morning and the US dollar caught a bid higher.
The only delivery action in The Bucket Shop was another house to house account delivery of gold from Nova Scotia to JPM.
Someone who owned gold bullion in the Nova warehouse put it up for delivery. I wonder who that could be.
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Sunday, October 25, 2015
Kerry and Abbas Conspire Against Palestinians / Politics / Palestine
Abbas is a longtime Israeli collaborator. Washington one-sidedly supports Israeli interests, including decades of ruthless occupation harshness.
Whenever Kerry shows up anywhere, especially in the Middle East, he’s always up to no good. His current trip took him to Berlin (meeting with Netanyahu while there) and Amman, meeting with Jordanian officials and Abbas, plotting ways to betray Palestinians again, urging calm at the expense of their interests.
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Sunday, October 25, 2015
Gold and Oil Consolidating Ahead of Next Rally / Commodities / Gold and Silver 2015
Gold and oil both are moving down into a daily cycle low, consolidating gains and building energy to break through their 200 day moving average.
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Sunday, October 25, 2015
First Tier Resistance Breached Key Level Exceeded / Stock-Markets / Stock Markets 2015
Current Position of the Market
SPX: Long-term trend - Bull Market?
Intermediate trend - SPX is in the midst of an intermediate correction (at least).
Analysis of the short-term trend is done on a daily basis with the help of hourly charts. It is an important adjunct to the analysis of daily and weekly charts which discusses longer market trends.
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Saturday, October 24, 2015
Killing Off Community Banks - Intended Consequence of Dodd-Frank? / Politics / Banking Stocks
At over 2,300 pages, the Dodd Frank Act is the longest and most complicated bill ever passed by the US legislature. It was supposed to end "too big to fail" and "bailouts," and to "promote financial stability." But Dodd-Frank's "orderly liquidation authority" has replaced bailouts with bail-ins, meaning that in the event of insolvency, big banks are to recapitalize themselves with the savings of their creditors and depositors. The banks deemed too big are more than 30% bigger than before the Act was passed in 2010, and 80% bigger than before the banking crisis of 2008. The six largest US financial institutions now have assets of some $10 trillion, amounting to almost 60% of GDP; and they control nearly 50% of all bank deposits.
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Saturday, October 24, 2015
Stock Market Primary V Nears New Highs / Stock-Markets / Stock Markets 2015
The market started the week at SPX 2033. After some choppy activity on Monday the market rose to SPX 2039 by Tuesday. Wednesday the market pulled back to SPX 2017. Then after two gap up openings the market hit SPX 2080 on Friday. For the week the SPX/DOW gained 2.3%, the NDX/NAZ gained 3.6%, and the DJ World index gained 1.2%. Economics reports for the week again came in mixed. On the uptick: housing starts, the NAHB, the FHFA and existing home sales. On the downtick: building permits, leading indicators, the WLEI, plus weekly jobless claims rose. Next week’s reports is highlighted by the FOMC meeting, Q3 GDP and the PCE.
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Saturday, October 24, 2015
Day Of Reckoning For U.S. Shale Oil Will Have To Wait / Commodities / Shale Oil and Gas
October has been billed as a pivotal month in which indebted shale companies would see their credit lines cut, precipitating a faster consolidation in the industry that would sow the seeds of a rebound.Read full article... Read full article...
Saturday, October 24, 2015
Gold And Silver – Elite’s NWO Secretly Operates In The Open / Commodities / Gold and Silver 2015
There are far bigger concerns about which Americans remain woefully unaware, even within the Precious Metals community. How much demand there is for silver coins, how low is the supply for silver in contradistinction to an insatiable demand, China supposedly to set the price for physical gold to reflect reality once the Shanghai gold exchange got up and running, which it has been, etc, etc, etc, are not the most relevant factors, right now.
Almost all of the so-called PM experts/bloggers who report detailed information, and many available articles on the web focused on gold and silver, have collectively been untimely as to expectations in the ‘meteoric’ rise in prices that are supposed to reflect the realities of actual supply and demand. China will not be the country [even including the BRICS nations collectively] to rescue gold from the fiat-driven Western global elites who do whatever possible to make gold economically irrelevant on the world economic stage.
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Saturday, October 24, 2015
GDXJ, GDX Gold Miners Holding Gains in Bullish Fashion / Commodities / Gold and Silver Stocks 2015
We published a video update a few days ago discussing the short-term outlook for the precious metals sector which includes the gold miners. With regards to the miners, we took the view that they could digest recent gains and hold support or break lower and trade close to the support near summer lows. After this week and today especially, one scenario is more likely.
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Saturday, October 24, 2015
Stock Market Big Follow Through day.... / Stock-Markets / Stock Markets 2015
The market had a big follow-through day today after yesterday's nice up-day. There are two factors that made this happen. First of all, we had great earnings after hours yesterday from Microsoft Corporation (MSFT), AT&T, Inc. (T), Amazon.com Inc. (AMZN) and Google Inc. (GOOG). The futures exploded on those reports. Then last night we had the Euro-Zone money-man, Mr. Draghi, promise more easy money or another round of QE for everyone. The party hats were taken out.
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Saturday, October 24, 2015
GBP/JPY Setting Up For Potential Failure / Currencies / British Pound
For the most part, financial markets have stabilized this year as volatility has slowed and overall risk aversion has been largely absent. These types of trends can have a significant impact on sentiment and the ways that specific asset types are traded, so it is critical for market traders to have a sense of where we stand in terms of generalized uncertainty. This is especially true for forex traders, as there tends to be higher levels of short-term positioning seen in those markets.
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Saturday, October 24, 2015
Currency Devaluation's Dangerous Role in Deflation / Currencies / Deflation
The following article on currency devaluation's role in deflation is from Elliott Wave International, the world's largest financial forecasting firm. EWI has just released a new report, Deflation and the Devaluation Derby, to help investors prepare now for the deflationary threat they see around the corner. Click here to read the new report >>
China's economy is slowing. Its stock market began to crash back in July. And the volatility rocking financial markets has been widely linked to the recent yuan devaluations by China's central bank.
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Saturday, October 24, 2015
Stock Market SPX Double Top / Stock-Markets / Stock Markets 2015
SPX made a higher high at 2:50 pm at 2079.74,, just two points higher than this morning’s high. The only discernible entry (aggressive) likely today would be a cross of the Cycle Top at 2068.92.
Unfortunately, this means that a very fast and severe decline may be likely once SPX crosses 2040.00, triggering its Orthodox Broadening Top for a potential target near 1600.00. Today appears to be point 7 in the formation and point 8 is the crash low. Should you chance it today or not, is up to you.
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