Tuesday, July 21, 2015
Is Gold a Stupid "Pet Rock" or a Bedrock Asset? / Commodities / Gold and Silver 2015
By: MoneyMetals
Greece defaulted at the end of June, and metals investors expected higher prices in July. What we expected isn’t what we got. It isn’t the first or last time markets surprised investors. Do lower spot prices mean precious metals are failing as a safe-haven investment?
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Tuesday, July 21, 2015
Are Gold Investors Finally Capitulating? / Commodities / Gold and Silver 2015
By: John_Rubino
Sprott Asset Management’s Rick Rule is one of the smartest guys in the resource investing world — and one of the most reasonable — which has made his interviews of the past few years a little disconcerting. Along with the obligatory positive thoughts on the long-term value of gold and silver and the resulting bright future for the best precious metals miners, he always points out that the sector hasn’t yet endured a capitulation, where everyone just gives up and sells at any price, tanking prices and setting the stage for the next bull market.
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Tuesday, July 21, 2015
Greater Israel Setback from Iranian Nuclear Agreement / Politics / Israel
By: BATR
Israel has never been a victim. Zionist belligerents work diligently to expand their control in the region. This objective is not widely accepted in mainstream political circles since critical criticism is a risky endeavor when confronting truth to power. The turmoil in Egypt and subsequent regime change, the over throw and elimination of Gaddafi in Libya and the ongoing Israeli ISIL induced conflict in Syria all benefit the Khazar usurpers. Well before the NeoCons commandeered U.S. foreign policy, Jewish influence over their Congressional puppets and administration stooges was prevalent, awaiting the time when U.S. forces would be used to serve the designs of Zionism inroads.
Tuesday, July 21, 2015
U.S. Housing Market: Is the Roof About to Cave In (Again)? / Housing-Market / UK Housing
By: EWI
"This is clearly not a bubble" says National Association of Realtors chief economist
Editor's note: You'll find a text version of this story below the video.
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Tuesday, July 21, 2015
British Pound Still Rallying Against Swiss Franc / Currencies / British Pound
By: Richard_Cox
Forex markets have posted some significant trends so far in 2015. But when we look at the overall value of the British Pound (GBP), the comparisons are generally made against either the Euro or the US Dollar. There is a strong basis for this fact, as both of these currencies see much larger trading volumes than some of the other selections that are available in the currency markets.
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Tuesday, July 21, 2015
Worker Productivity and Modern-Day Horse Manure / Economics / Economic Theory
By: John_Mauldin
“They just use your mind and they never give you credit. It’s enough to drive you crazy if you let it.”
Almost everyone wants to be more productive. I include myself in that group – there are lots of ways I could be more productive. When I have conversations with people I think are very productive, they almost always tell me they wish they were more productive. What more could anyone expect from them?
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Tuesday, July 21, 2015
RCI Bank UK’s Freedom Savings Account / Personal_Finance / Savings Accounts
By: MoneyFacts
RCI Bank UK is bound to shake up the easy access market yet again with an increase to its Freedom Savings Account, which now pays 1.65% from a minimum investment of £100.
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Tuesday, July 21, 2015
Now that Greece is Guaranteed in the Euro, the Euro is Down / Currencies / Euro
By: Atlantic_Perspective
One of the mantras repeated to exhaustion over the last few months was “if Greece leaves the Euro, the Euro is over”. Is it? The charts say the opposite. When the prospect of Grexit reached its peak, the Euro didn´t crash. Quite the opposite, it got stronger. Now that Greece seems “secure” in the Euro, the Euro is down. Could the Grexit mantra be wrong?
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Monday, July 20, 2015
Gold Price Just a Little Bit More / Commodities / Gold and Silver 2015
By: Bob_Loukas
Back in May, I sent followers of this public blog a Gold Cycle Update, outlining how gold had a 75% chance of failing to rally, resulting in an unexpected downturn. And then 3 weeks later, I sent a follow up article (Approach An Endpoint), where I outlined how gold was heading for a major Investor Cycle failure below $1,136. As was predicted, the Gold sector was hammered this past week, with new lows being achieved in every nook and cranny of the precious metals complex. Silver and platinum crossed that threshold weeks ago, but for the Miners and for Gold itself, Friday's high volume decline pushed them to new, multi-year lows. The Miners are especially concerning. Gold's decline has been tame by normal standards, but the Miners are back at the depths of the 2008 plunge, having completely erased the gains of the last Cyclical bull market.
Monday, July 20, 2015
Gold Investors Opportunity to Potentially Double Their Money / Commodities / Gold and Silver 2015
By: Ned_W_Schmidt
Rarely does childish selling of the Street and massive forced selling in China give Gold investors an opportunity to potentially double their money. That is what it may be happening at this very time in Gold and Silver markets. Now may be time to sell all exposure to the Lofty Lunacy, those internet / technology / growth / biotechnology fantasy stocks, your first born male child, your home, your dog, and whatever to add Gold and Silver to your portfolio. Last time the Street was as bearish on $Gold was 2007 when the price closed out the year at $830. $Gold went on to more than double.
Monday, July 20, 2015
Let's Talk About Gold / Commodities / Gold and Silver 2015
By: Gary_Tanashian
For what seems like forever we have been mechanical in managing the precious metals because they have been bearish; period. This has been based on short and long-term technical indications and incomplete macro fundamentals. Gary the robot has had no difficulty whatsoever holding this stance despite Gary the human's unwavering view that the value of gold is in its insurance and long-term retained value qualities.
Monday, July 20, 2015
China Crash and the Extinction of Markets / Stock-Markets / Market Manipulation
By: Michael_Pento
China's four-week-long stock market rout wiped out nearly 30% off the Shanghai Composite Index since its highs of June. To stem those losses the Chinese government has formulated an interesting hypothesis: stocks won't go down if you ban sell orders.
Working off this proposition Beijing has ordered shareholders with more than a 5% interest to stop selling shares; directors, supervisors, and senior management personnel are also barred from reducing their holdings.
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Monday, July 20, 2015
Markets Big Deflationary Downwave Quick Reference Guide... / Stock-Markets / Financial Markets 2015
By: Clive_Maund
We are believed to be on the verge of another deflationary downwave, similar to or more severe than the one which drove the dollar spike - and commodity slump - between July of last year and March, and caused by an intensification of the debt crisis, with increasing capital flight out of Europe and into dollar assets as the EU crumbles. More QE will not save the situation, as it is already discredited and will have no more effect than trying to inflate a tire or rubber boat that has a big hole in it.
It is understood that in this modern age many readers have a very limited attention span, due to time constraints and the tendency to multi-task. For this reason this update is being kept short and to the point. It is intended to make plain in the clearest possible manner the scenario that is expected to unfold in the coming months. So let's get to it.
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Monday, July 20, 2015
China’s Total Gold Holdings Much Higher – Owns Gold In SAFE and CIC / Commodities / Gold and Silver 2015
By: GoldCore
- China revises up its stated gold reserves in bid for IMF membership and reserve currency status
– China announces a 604 tonne increase in gold reserves
– First public disclosure re reserves in since 2009
- China officially owns around 1,660 tonnes of gold reserves – true total figure is likely much larger
- Playing long game – protecting USD reserves and positioning RMB as global reserve currency
- China true gold holdings much higher as also owns gold in SAFE and CIC
Monday, July 20, 2015
Why Corporate Earnings Season Is the Most Wonderful Time of the Year for Traders Like Us / Companies / Corporate Earnings
By: ...
MoneyMorning.com
If you've traded for more than a few months, you've seen how earnings season can really move share prices – in both directions.
If you hold, say, a blue chip and it hits on earnings, you can book some nice single- or double-digit gains. Or, if there's a miss, you might take a loss.
In fact, earnings season trading is one of the most volatile strategies you can use. It's not for the faint-hearted.
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Monday, July 20, 2015
NISAs – Not that Nice After All / Personal_Finance / ISA's
By: MoneyFacts
A year ago George Osborne increased the ISA allowance to a whopping £15,000, enabling savers to stash more money away tax-free.
However, a year on and the ISA market is just as disappointing. In fact, since the launch of the NISA, rates have fallen ever further, with the average ISA rate dropping from 1.57% in July 2014 to just 1.44% today.
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Monday, July 20, 2015
Are the Production or Consumption Drivers of the Gold Price? / Commodities / Gold and Silver 2015
By: Arkadiusz_Sieron
There are many opinions about what factors drive the price of gold. Among the candidates you will find: inflation rates, U.S. dollar exchange rate, real interest rate, geopolitics, oil prices, market volatility and crises, mine production, jewelry demand, speculation, technological demand, central banks’ actions, manipulation, and investment demand. We will deal with them in this and the following editions of the gold Market Overview. We will begin by rejecting production and consumption. It does mean that they do not affect the gold price; however we are interested in factors which drive the gold price. Read full article... Read full article...
Monday, July 20, 2015
Iran Agreement Boosts Peace, Defeats Neocons / Politics / US Politics
By: Dr_Ron_Paul
Last week's successfully concluded Iran agreement is one of the two most important achievements of an otherwise pretty dismal Obama presidency. Along with the ongoing process of normalizing relations with Cuba, this move shows that diplomacy can produce peaceful, positive changes. It also shows that sometimes taking a principled position means facing down overwhelming opposition from all sides and not backing down. The president should be commended for both of these achievements.
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Monday, July 20, 2015
The Fed’s Confusion Over the "Natural Rate" of Unemployment and Inflation / Economics / US Federal Reserve Bank
By: Frank_Shostak
In May, the US unemployment rate stood at 5.5 percent against the rate of 5.3 percent for the “natural unemployment,” also known as the Non-Accelerating Inflation Rate of Unemployment (NAIRU).
According to the popular view, once the actual unemployment rate falls to below the NAIRU, or the natural unemployment rate, the rate of inflation tends to accelerate and economic activity becomes overheated. (This acceleration in the rate of inflation takes place through increases in the demand for goods and services. It also lifts the demand for workers and puts pressure on wages, reinforcing the growth in inflation).
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Monday, July 20, 2015
Gold and Silver Flash Crash - Thousands of Futures Contracts Dumped at Market Open / Commodities / Gold and Silver 2015
By: Jesse
This was a little enthusiastic even by current standards, or lack thereof.
About seven thousand gold futures contracts, representing about 21.8 tonnes of paper gold, were dumped at market in one minute driving the price down to $1,080.
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