Thursday, August 13, 2015
The Saudi Crude Oil Price War Is Backfiring / Commodities / Crude Oil
Saudi Arabia has long enjoyed the status of being the top crude oil exporter in the world. With record production of 10.564 million barrels per day in June 2015, Saudi Arabia has been one of the major driving forces behind the current oil price slump.The Saudis have kept their production levels high since last year in order to drive other players (especially U.S. shale drillers) out of business. Equally clear is the fact that this strategy of maintaining the glut and driving out rivals hasn't worked so far.
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Wednesday, August 12, 2015
Investors Time to Cash in on Tech Breakthrough, Biggest Memory Leap in 25 Years / Companies / Tech Stocks
MoneyMorning.com Michael A. Robinson: Just a couple of weeks ago, we received news about a huge new breakthrough in computer memory.
The announcement has major ramifications for consumer products like smartphones and tablets as well as for the growth markets of cloud computing and Big Data.
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Wednesday, August 12, 2015
What China’s Surprise Announcement Means for Crude Oil / Commodities / Crude Oil
MoneyMorning.com Dr. Kent Moors writes: The People’s Bank of China (PBOC) just decided to cut the value of the Chinese currency, the yuan, by 2%.
The announcement took analysts by surprise and signaled that Beijing has decided to shore up a weakness in exports. It will now almost certainly usher in similar moves by other Asian countries that are China’s exporting competitors.
And behind that cut U.S. oil and gas producers face another painful period.
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Wednesday, August 12, 2015
Junk Bonds - The Next Financial Disaster Starts Here / Interest-Rates / International Bond Market
By Dan Steinhart
Individual investors take note…
Some of the world’s best money managers are betting on the biggest financial disaster since 2008.
You won’t hear about this from the mainstream media. Networks like NBC or CBS don’t have a clue… just like they didn’t have a clue the US housing market would collapse in 2007.
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Wednesday, August 12, 2015
U.S. and Canadian Mint Dysfunction Snowballs as Silver Coin Premiums Rise / Commodities / Gold and Silver 2015
Clint Siegner writes: Lower precious metals prices on Wall Street aren't necessarily bringing lower prices on Main Street.
The retail market for gold and silver coins, bars, and rounds has been swamped with high demand since mid June. Both the U.S. Mint and the Royal Canadian Mint continue to run into serious issues keeping up with retail silver coin demand.
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Wednesday, August 12, 2015
Dow Death Cross / Stock-Markets / Stock Markets 2015
The Dow just saw its 50-day Moving Average cross the 200-day Moving Average in the last day or so.
ZeroHedge reports, “Just as we warned yesterday, unless the Dow can miraculously rally over 17,850, The Dow will close in a Death Cross pattern. This is the first time that the 50-day moving average crosses below the 200-day moving average since August 2011 (which was followed by a 1300 point swing from high to low in The Dow)...
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Wednesday, August 12, 2015
10yr Treasury Notes / Interest-Rates / US Bonds
TNX, the yield on the 10 year Treasury note, fell for the fourth week in a row with a loss of 1.36% to close at 21.75 on Friday after challenging the 30-dma earlier in the week. TNX remains in the 2015 trend channel and should find support at the lower boundary and 200-dma both which are near 21.34.
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Wednesday, August 12, 2015
China is Lying About Its Economy / Economics / China Economy
I and a few brave experts such as Jim Chanos, Gordon Chang, and David Stockman (speaking at our upcoming IES conference) have been arguing for years that China has the greatest investment and overbuilding bubble in all of modern history.We’ve also warned that its economic statistics are not real – they are purposefully overstated and then revised later, if at all.
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Wednesday, August 12, 2015
Owing More Than Half Of The World's Gold / Commodities / Gold and Silver 2015
Gold has bottomed in terms of just about everything like oil (in 2005), platinum (2008) and the Dow (1999). One important measure in terms of which it has not bottomed is the amount of currency (US adjusted monetary base).
This monetary base, as the name suggests, is at the root of debt or money creation in this debt-based monetary system. If this system was honest, then this monetary base would basically reflect gold available at the Treasury or Federal Reserve to redeem currency issued by the Federal Reserve.
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Wednesday, August 12, 2015
Gold Holds Its Own As Media Stocks Collapse / Commodities / Gold and Silver Stocks 2015
Daily Prices
Today’s Gold prices were USD 1,113.25, EUR 1008.97 and GBP 713.74 per ounce.
Yesterday’s Gold prices were USD 1,094.80, EUR 998.50 and GBP 707.74 per ounce.
[LBMA AM prices]
Wednesday, August 12, 2015
Why Change in Tax Relief for Landlords is Going to Impact Everybody / Housing-Market / UK Housing
Peter Scully writes: In the most recent budget, George Osborne cut tax relief on private rental properties. In the budget, private landlords had their tax relief on mortgage payments cut from the current 45% (or 40% in some cases) to 20%. This is a change which will come into place by April 2020. As you can probably guess, a huge change like this in the industry is going to have an absolutely huge impact on many people.Read full article... Read full article...
Wednesday, August 12, 2015
Are Stocks the Next Oil (or Uranium, Copper, Silver)? / Stock-Markets / Stock Markets 2015
See: Oil collapse couldn't come at a worse time for industrySee: 2007, when everyone was convinced of 'Peak Oil' and there were websites named 'Peak Oil', 'Oil Drum', etc. constantly reinforcing the mania.
I remember being away on business one day in 2007, with nothing better to do in my hotel room than watch the congressional debates about 'peak oil' and what to do about the evil speculators that were driving prices up. I enjoy watching a good mania as much as the next guy. I realized that what we were seeing was 'Peak Hysteria' with respect to this phenomenon. I thought, 'Yup, Prechter's right'.
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Wednesday, August 12, 2015
Will the Malaysian Ringgit and Stock Market goes Terminal Velocity? / Stock-Markets / Stock Markets 2015
It is a known fact that one of the hottest topics of discussion among Malaysians for past few months has been our Ringgit. Thanks to our current economic debacle, it helped raised our awareness of our economic situation. Despite the numerous propaganda engaged by our authorities assuring us of our economy’s resilience, it still failed to alleviate our suspicions. Cliché like high level of international reserves, current account surplus, solid domestic financial system and Ringgit reflecting our economic fundamentals were often used. Is it true that our economy is really that resilient and solid? This article aims to look into the current state of affairs of the Malaysian economy and also how it affects the Ringgit.
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Wednesday, August 12, 2015
Debating the Morality of Hiroshima / Politics / Nuclear Weapons
Each year at this time — the anniversary of the bombing of Hiroshima — the world pauses. The pause is less to mourn the dead than to debate a moral question: whether the bombing was justified and, by extension, whether the United States unnecessarily slaughtered tens of thousands of people on Aug. 6, 1945. The debate rarely focuses on a careful analysis of war and morality and is more frequently framed by existing views of the United States. The debate is rarely about Hiroshima or about World War II. It is a debate about the moral character of the United States. This is not an illegitimate subject, and Hiroshima might be a useful point with which to begin the debate. But that isn't possible until after we consider the origins of Hiroshima, which can be found in the evolution of modern warfare.
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Wednesday, August 12, 2015
Obama's Iran Nuclear Deal / Politics / Nuclear Weapons
Spending time analyzing the particulars of the agreement misses the point of the Iranian deal. It is not about preventing or even delaying the deployment of the bomb. The true intent of the P5+1 negotiation is to disrupt the unholy alliance between the war party and their Zionist overlords. The overwhelming reality is that U.S. foreign policy is based upon doing the bidding of Israel. What is transpiring is a fundamental push back coming from Barack Hussein Obama II. The Full text: Obama’s news conference on the Iran nuclear deal demonstrates this context.
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Wednesday, August 12, 2015
Stocks Bear Market Investors Nightmare! / Stock-Markets / Stocks Bear Market
Ugly Outlook – Global Economics, Quantitative Easing and Equities - A take on the global economy and equities markets that paints a simple and clear pictures I think.
The DJIA index has recorded seven consecutive down days in a row! These 7 distribution days are a sign that many institutions are taking profits or establishing losses.
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Wednesday, August 12, 2015
Thinking Outside the Commodity Box: Benchmark's Investment Primer for Lithium, Cobalt and Graphite / Commodities / Metals & Mining
It's often difficult to understand the global markets for critical minerals so The Gold Report narrowed it to three—lithium, cobalt and graphite—and brought in Simon Moores, managing director of London-based Benchmark Mineral Intelligence, and the firm's analyst, Andrew Miller, to provide insight into minerals that they say need to shed their labels as traditional commodities and embrace their future as niche, raw-material solutions for a growing list of technology manufacturers. As Benchmark prepares to embark on its World Tour, Moores and Miller discuss supply chain visibility and the impact of disruptive technologies on these markets, as well as companies seeking to leverage lithium, cobalt and graphite into investable business models that will lure investors with a long-term outlook.
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Wednesday, August 12, 2015
Closing the Sausage Factory - The New Normal / Economics / Economic Theory
“Bureaucracy destroys initiative. There is little that bureaucrats hate more than innovation, especially innovation that produces better results than the old routines. Improvements always make those at the top of the heap look inept. Who enjoys appearing inept?”
– Frank Herbert, Heretics of Dune
“Economies naturally grow. People innovate as they go through life. They also look around at what others are doing and adopt better practices or tools. They invest, accumulating financial, human and physical capital.
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Wednesday, August 12, 2015
Real Education Reform Leaves the U.S. Government Behind / Politics / Educating Children
Among the items awaiting Congress when it returns from its August break is reconciling competing House and Senate bills reauthorizing No Child Left Behind. These bills passed early this spring. Each bill is being marketed as a huge step toward restoring state and local control over education. However, an examination of both bills shows that both provide local schools with only limited relief from a few federal mandates.
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Wednesday, August 12, 2015
Dow Stocks Index Makes it Seven / Stock-Markets / Stock Markets 2015
Current Position of the Market
SPX: Long-term trend - Bull Market
Intermediate trend - SPX may have started an intermediate correction
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 the course of longer market trends.
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