Sunday, August 23, 2020
Stock Market Massive Dual Head-and-Shoulders Setup / Stock-Markets / Stock Markets 2020
By: Chris_Vermeulen
- Dual Head-and-Shoulders patterns warn of a potentially big downside move and new highs may be a trap for bulls
- Valuation levels suggest the broader US stock market is lagging
- Precious metals continue to warn of risks
- The market “melt-up” may be nearing an end
My research team is issuing a Special Alert Warning after the NASDAQ and SPY reached new all-time highs. Our research team identified a massive Head-and-Shoulders pattern (highlighted in BLUE) that originated in 2014, set up a “head” in 2018, and is now forming a “right shoulder” spanning 2019 and 2020. Additionally, a minor Head-and-Shoulders pattern is setting up on the right side of the chart below (highlighted in MAGENTA) that peaks in early February 2020 – just before the COVID-19 price collapse. Will this dual Head-and-Shoulders pattern prompt a massive downside price move over the next few weeks and months, or will the US stock market continue to rally higher – breaking the resistance level the shorter-term “head” (near $174) and keep going?
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Sunday, August 23, 2020
Smart & Reliable Forex Trading Suitable for Beginners – ROFX Review / Currencies / Forex Trading
By: Submissions
Forex trading has been historically very risky but can be profitable if one plays their cards right. However, for novice traders, forex trading poses a lot of risks and can lead to significant losses. With the ROFX approach, however, the process has become straightforward. ROFX is an international broker providing forex trading services flexibly and simply.
Created in 2009, a team of experts and developers created ROFX to cater to the novice trader mainly. It allows any trader with a minimum experience in forex to succeed. Here is an honest review of ROFX after taking a look at all its features and advantages.
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Saturday, August 22, 2020
Was That the Top in Gold? / Commodities / Gold & Silver 2020
By: P_Radomski_CFA
It could have been. But what is more likely, it could have been the final pre-plunge top in case of the mining stocks. Why? Because the history tends to rhyme, and the verses appear more similar to what we already “read” in the mining stocks than they what we can see on the gold market.
Before digging into details, we would like to quote what we wrote on mining stocks on Monday:
Back in March, gold moved back to its previous highs (in fact it moved slightly above it) before topping and right now, it’s consolidating lower. Still, we should keep in mind that there’s also the possibility that gold won’t repeat the March performance to the letter and history will rhyme instead.
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Saturday, August 22, 2020
Coronavirus The Worst Is Still Ahead - New COVID-19 Report / Politics / Pandemic
By: Dan_Steinbock
The interview with Dr Steinbock, the author of the new report, suggests that the COVID-19 challenges are far from over. The pandemic is still spreading and could become more virulent. Several major economies face “lost years.”
Dr Dan Steinbock projected the internationalization of COVID-19 and China's rebound in the 2nd quarter already in early February. By mid-March, he predicted the great coronavirus contraction and 2nd quarter carnage in the US, Western Europe and major advanced economies.
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Saturday, August 22, 2020
A Triangle of Caring: CEO of Pinnacle Hotels USA Barry Lall on Developing a Highly Effective Work Culture / Companies / Travel & Holidays
By: Sumeet_Manhas
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Saturday, August 22, 2020
UK HYPERINFLATION - First Rampant Money Printing Now Inflating GCSE and A Level Grades by 25% / Politics / Education
By: N_Walayat
The UK government has been busy printing money (debt) that the Bank of England has been dutifully monetizing (QE) so as to keep interest rates artificially low, near zero, the consequence of which is inflating consumer and asset prices, REAL inflation not the bogus inflation as measured by the highly manipulated CPI inflation index. You'll see money printing inflation consequences manifest themselves in house prices, stock prices and of course your weekly supermarket shops.
However, the Government is not done there with it's printing binge as this years GCSE results illustrate. There was a time when statisticians would warn of grade inflation as each year it became easier than the year before to get those pass rates and top grades usually by a couple of percent. However, THIS year we have not had grade inflation instead we have had Grade HYPERINFLATION! A 25% jump in the 7-9 grades given as the government buckled to those who never even sat the exams and let the teachers print the grades for their students as my following video illustrates has dire consequences for all those who hold 2020 certificates that are not as valuable as the grades suggest them to be just as the money in your pocket is not as valuable after the government printed £500 billion to pay for covid-19 handouts.
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Friday, August 21, 2020
Gold Price - See What This Fibonacci Ratio Says About Trend / Commodities / Gold & Silver 2020
By: EWI
A Fibonacci .618 retracement is a common reversal point in the markets
Fibonacci numbers follow a sequence that begins with 0 and 1, and each subsequent number is the sum of the previous two (0, 1, 1, 2, 3, 5, 8, 13, 21, 34, and so on).
After the first several numbers in the sequence, the ratio of any number to the next higher is approximately .618 to 1; its ratio to the next lower number is approximately 1.618 to 1.
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Friday, August 21, 2020
Beyond the Surreal: Navigating the Precious Metals Minefield / Commodities / Gold & Silver 2020
By: The_Gold_Report
The story of how an inner city liquor store grew its business serves as an example of what sector expert Michael Ballanger calls " a compelling revelation of 'academics versus practicality.'"
In watching the travesty of disinformation, misinformation and moral hazard formation ongoing in the global financial markets, I am immediately reminded of a case study from my university days of which I was a part, the nature of which required that our team analyze a local business and make specific recommendations designed to improve it. Seeing as our campus was located in the Saint Louis inner city, surrounded on three sides by a ghetto second only to Detroit's in crime and murder, and on the fourth by Interstate 70, it was to no one's surprise that the "local business" we were to dissect was a package liquor outlet run by a large and very angry African American gentleman by the name of Marcus Thicke.
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Friday, August 21, 2020
GCSE, A Level Results Grades HYPERINFLATION - Are 2020 Certificates Worthless? / Politics / Education
By: N_Walayat
The UK government has been busy printing money (debt) that the Bank of England has been dutifully monetizing (QE) so as to keep interest rates artificially low, near zero, the consequence of which is inflating consumer and asset prices, REAL inflation not the bogus inflation as measured by the highly manipulated CPI inflation index. You'll see money printing inflation consequences manifest themselves in house prices, stock prices and of course your weekly supermarket shops.
However, the Government is not done there with it's printing binge as this years GCSE results illustrate. There was a time when statisticians would warn of grade inflation as each year it became easier than the year before to get those pass rates and top grades usually by a couple of percent. However, THIS year we have not had grade inflation instead we have had Grade HYPERINFLATION! A 25% jump in the 7-9 grades given as the government buckled to those who never even sat the exams and let the teachers print the grades for their students as my following video illustrates has dire consequences for all those who hold 2020 certificates that are not as valuable as the grades suggest them to be just as the money in your pocket is not as valuable after the government printed £500 billion to pay for covid-19 handouts.
Read full article... Read full article...
Friday, August 21, 2020
Buffett’s Indicator tells him to buy GOLD / Commodities / Gold & Silver 2020
By: Richard_Mills
Warren Buffett did what he said he’d never do, and that is buy gold - not the physical metal, nor an ETF, but a gold mining stock. Buffett and/or his holding company's managers chose ABX, as it is known in Toronto, or GOLD, on the New York exchange. The surprising trade is highly symbolic given Buffett’s previous fervently anti-gold public statements.
Last Friday the Oracle of Omaha’s Berkshire Hathaway (NYSE:BRKB) picked up about 20 million shares of Barrick Gold (TSX:ABX), presumably on the strength of the second largest gold company’s growth potential, and the fact it pays a $0.08/share dividend.
“If you own one ounce of gold for an eternity, you will still own one ounce at its end,” the Oracle famously wrote in a 2011 annual shareholder letter, joking about a big pile of gold that “you can fondle the cube, but it will not respond.”
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Thursday, August 20, 2020
US Dollar Setting Up for Potential Upside Election Trend / Currencies / US Dollar
By: Chris_Vermeulen
- Presidential election cycles drive US Dollar trends.
- US Dollar expected to rise before the election and then stall right before the day of the election.
- Money will start shifting away from the stock market now, and traders will likely target safe-haven investments and undervalued traditional investments (dividends, blue chips, utilities, energy, bonds, consumer service and supplies, and possibly technology suppliers) going forward.
- The potential for a US Dollar upside price rally after the elections (just like the 2013~2014 setup) is a very valid expectation from a technical analysis perspective.
Thursday, August 20, 2020
The Gold and Silver Dam Breaketh / Commodities / Gold & Silver 2020
By: MoneyMetals
Ask precious metals' holders and chart technicians what in the last 6-8 weeks stands out in their mind and they will point to the breakout of gold and silver above areas which had contained them for almost a decade.
Gold rocketed without pause to $2,070. Silver, though still well below record nominal dollar highs, sliced through $26, which was supposed to be a lid on prices until next year.
A litany of "price pullers" we've long discussed in our essays – government deficit spending, lagging metals' production vs. exploding demand, and an almost complete absence of big discoveries have all played a part.
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Thursday, August 20, 2020
Small Business Owners Are Wasting Billions of Dollars in Interest -- Fintech Can Help / Companies / Debt & Loans
By: Submissions
Andrew Latham writes: It is a challenge for small businesses and entrepreneurs to find lenders willing to provide credit to startups and new companies. Most lenders won’t even consider an application from a business without assets or an established credit history. That is why 10% of small businesses rely on personal loans, according to the latest Federal Reserve’s Latest Small Business Credit Survey. The percentage is much higher for startups.
Using a personal loan to finance your business ideas can be an excellent option. However, many entrepreneurs are overpaying on interest because they think all lenders offer similar rates to borrowers with the same credit score and income. This can be an expensive mistake. Whether you are shopping for a mortgage, an auto loan, or a personal loan, it pays to shop around. Here’s a quick primer on the price dispersion of personal loans and how it is hurting consumers and small business owners.
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Thursday, August 20, 2020
Economic Data Suggests Reopening, not Recovery. Will Gold Re-Rally Now? / Economics / Coronavirus Depression
By: Arkadiusz_Sieron
Retail sales growth has slowed down. What does it mean for the U.S. economy and the gold market?Retail sales increased 1.2 percent in July. The growth was worse than expected, which hit the U.S. stock market. As the chart below shows, the number was also much weaker than in the two previous months (8.4 percent gain in June and 18.3 percent jump in May), when it seemed that the economy started to rebound.
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Thursday, August 20, 2020
A Huge Opportunity For Emerging Market Stock Investors In 2021 / Stock-Markets / Emerging Markets
By: Avi_Gilburt
Back in early February of 2020, I warned those willing to listen that “Emerging Markets Look Sick,” which was actually the title of my article.
In fact, when I posted this article in early February, I was looking for a bounce off the 42 support region in EEM, with a target back up in the 44/45 region, which was expected to be a short-able bounce. You can see this outlined in the chart I presented within that article.
As you can see, the EEM struck a low just below 42, and bounced back up to a high of 44.84. This set up the big decline of which I was warning, with an ideal target of the 1.00 extension on the chart in the 31 region.
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Thursday, August 20, 2020
The Case for a Platinum-Plated Metals Portfolio / Commodities / Platinum
By: MoneyMetals
Do precious metals still represent good value?
With gold just coming off a new all-time high above $2,000/oz and silver having more than doubled off its March bottom, some investors may be wary of entering these markets right now.
However, when adjusted for inflation, when measured against the stock market, or when compared to total money supply, a strong case can be made that gold is not yet overvalued – and that silver remains undervalued.
Investors who are seeking an even more deeply undervalued opportunity within the metals space should take a look at platinum.
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Thursday, August 20, 2020
Technical Analysis Points to US Dollar Upside Potential / Currencies / US Dollar
By: Chris_Vermeulen
Article Highlights:
- The US Dollar Presidential Price Cycle indicates rising US Dollar
- The US Dollar is not the best asset, but rather the best of all currencies
- Price Relationships Suggest The US Dollar Is Currently Undervalued
- How The Presidential Price Cycle May Create Opportunities in Precious Metals and the US Stock Market
It’s been a while since we published an article about the US Dollar and this is the perfect time to discuss that is likely to happen over the next 6 to 18+ months. The US Presidential Election is just around the corner and traders/investors are certain to interpret the uncertainty of the US Presidential Election cycle, and the pending policy and liability related changes, as a warning that equities and the US Dollar may be in for a wild ride over the next 6+ months.
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Thursday, August 20, 2020
Finding A Perfect Small Business Lender / Companies / Debt & Loans
By: Submissions
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Wednesday, August 19, 2020
Introducing the Third Great Computing Superpower / Companies / AI
By: Stephen_McBride
We’re on the cusp of the third great computing revolution. I’m talking about the latest computing superpower: their ability to “see.”Computer vision is the greatest disruptive innovation in a generation. And in today’s essay, I want to show you how we got here.
Below, I’ll take you on a quick journey. We’ll look at the first 2 computer superpowers… and how they set the stage for today’s big opportunity.
Wednesday, August 19, 2020
The Tragedy of More Missed COVID-19 Opportunities / Politics / Coronavirus Depression
By: Dan_Steinbock
According to a new report, US states are the most virus-affected relative to major economies. As COVID-19 has proceeded in two phases, containment failures in the West continue to fuel the pandemic and economic damage.
In April, my first COVID-19 report focused on the progression of the pandemic from China to Western Europe and the United States, and the belated mobilization and containment failure in Washington and Brussels.
My new report The Tragedy of More Missed Opportunities , which is also released by Shanghai Institutes for International Studies [with Chinese introduction], focuses on the new missedCOVID-19 opportunities and the consequent human costs and economic damage in the largest world economies, particularly in emerging and developing countries.
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