Thursday, April 02, 2020
Could the US Become Another Weimar Republic? / Economics / HyperInflation
By: The_Gold_Report
Rudi Fronk and Jim Anthony, cofounders of Seabridge Gold, discuss the potential ramifications of current U.S. fiscal and monetary policy.
The U.S. monetary and fiscal authorities are shoveling trillions of dollars into the U.S. economy to prevent a collapse of the economy and the financial system. Will this money be repaid or otherwise withdrawn from the system? If not, what consequences can we anticipate? We know under TARP the loans and preference share funding provided to various companies in 2008/9 was largely repaid. We expect most large companies will repay the loans they receive this time also, but the terms will be very easy and they will be made easier if needed. Money for state governments, hospitals and other emergency health-related expenditures is not coming back. Most of the money to smaller companies will likely be in the form of grants if they keep employees on salary. Money directly to individuals will not be repaid.
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Thursday, April 02, 2020
Stock Market Selloff Structure Explained – Fibonacci On Deck / Stock-Markets / Stock Markets 2020
By: Chris_Vermeulen
Many traders become very emotional when the markets turn Bearish and fail to properly understand that price structure is still driving market price movement. This morning, I highlighted this structure to my subscribers attempting to alert them to the possibility that the markets could recover moderately over the next 3 to 5+ days attempting to set up the next “waterfall” downside price event.
On January 29, 2020, I posted a research article detailing my belief that a “waterfall” type of event was setting up in the markets. This article was nearly 30 days prior to the peak in the markets. It explained how events take place and how markets tend to develop a moderate recovery phase between selloff price declines.
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Thursday, April 02, 2020
COVID-19 FINANCIAL LOCKDOWN: Can PAYPAL Be Trusted to Handle US $1200 Stimulus Payments? / Politics / Coronavirus Depression
By: N_Walayat
Paypal are seeing an opportunity in a crisis, one of wanting to manage the US Governments distribution of $1200 Coronavirus stimulus to every adult American who earns under $75,000 per year and $500 for each child.
However, there is a fly in the ointment as $360 billion would be a lot of money to be potentially parked in Paypal's coffers! That's before any transaction fees are applied. Therefore, there is a high risk of corporations such as Paypal seeing such a vast sums of funds as an opportunity to capitalise upon through limiting account holders access to stimulus funds.
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Thursday, April 02, 2020
Day in the Life of Coronavirus LOCKDOWN - Sheffield, UK / Local / Sheffield
By: N_Walayat
So what's like for a family living under lockdown in the UK where your not allowed to go out for more than a brisk walk around the neighbourhood. All in attempts to flatten the parabolic pandemic curve that saw over 500 deaths last week, with likely another 10,000 deaths to come this month before the curve is flattened through extreme shutdown measures.
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Wednesday, April 01, 2020
UK Coronavirus Infections and Deaths Trend Trajectory - Deviation Against Forecast / Politics / Pandemic
By: Nadeem_Walayat
So Boris Johnson is infected and self isolating, Matt Hancock the Health Minster is infected and self isolating, Chris Whitty the Chief Medical officer is infected and self isolating. Westminister is now turning into a hottest of UK hotspots as the officials and MP's failed to practice that which they preached. Maybe with these idiots out of the picture the nation can act more competently in containing the pandemic. Meanwhile the government representative at the daily briefings has started mentioning that if the UK can keep deaths below 20,000 than that would be a good thing! What's South Korea's number? 150! CRIMINAL! That's what the governments response to Coronavirus has been CRIMINAL! Now there are even reports that the government is under reporting the number of deaths perhaps in attempts to average out the numbers over a month rather than to post spikes that would panic healthcare workers and the general public.
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Wednesday, April 01, 2020
Huge Unemployment Is Coming. Will It Push Gold Prices Up? / Commodities / Gold & Silver 2020
By: Arkadiusz_Sieron
On Thursday, the initial jobless claims rocketed to almost 3.3 million. Quite an unimaginable number. What does it imply for the US economy and the gold market?
One of the Most Scariest Things You Will See This Week
Would you like to see something scary? I guess not, but I'll show you anyway! But don’t worry: it will not be an microscope image of the coronavirus! Instead, I will present you a chart, a really scary chart… Ready to take a look?
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Wednesday, April 01, 2020
Gold Powerful 2008 Lessons That Apply Today / Commodities / Gold & Silver 2020
By: P_Radomski_CFA
Mark Twain said that history does not repeat itself, but it rhymes. It’s certainly true in both life and financial markets. Let’s explore how the recent history lessons apply to the precious metals.
The 2008 - Now Link
Let’s recount the similarities. We already had gold reversing on huge volume, and we saw it decline very strongly in the first week after the top. We already had another attempt to break above that high and we saw it fail. We also saw rhodium at about $10,000. We already saw silver and miners plunging much more severely than gold did. In fact, silver just plunged almost exactly as it did in 2008 during the analogous part of the slide.
All these factors make the current situation similar to how it was in 2008, at the beginning of one of the biggest declines in the precious metals sector of the past decades.
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Wednesday, April 01, 2020
US Coronavirus Infections and Deaths Projections Trend Forecast - Video / Politics / Pandemic
By: Nadeem_Walayat
The US has had a major advantage over the rest of the western world, which is that it has had a LOT MORE TIME TO PRPARE FOR THE PANDEMIC, Unfortunately the US only really started to actually act in any significant manner when the stock prices started to collapse early March. However, that still gave the US a good head start on the likes of the UK, which is reflected in the US's low CFR rate of 1.3%.
Which suggests that the US DOES have a chance to get a grip on the pandemic and veer more towards South Korea then Italy or Britain where the pandemic is more less now baked in.
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Wednesday, April 01, 2020
From Global Virus Acceleration to Global Debt Explosion / Politics / Pandemic
By: Dan_Steinbock
The novel coronavirus is exploding in the US and Europe, due to complacency and inadequate preparedness. The escalation will translate to debt explosion, which will further complicate and prolong the fight against the virus globally.
As the COVID-19 challenge moved from imported cases to local transmissions, I warned in the briefing of March 9 that the rise of local transmissions was a game-changer in the coronavirus escalation. Here's what I projected then:
“Even though many observers expected virus challenges to ease toward April, the acceleration of new cases outside China is only beginning and likely grossly under-reported. The number of confirmed cases worldwide is set to climb in the future – even faster as tests are broadened in major affected countries.”
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Wednesday, April 01, 2020
UK Supermarkets Coronavirus Panic Buying Before Lock Down - Tesco Empty Shelves / Politics / Shopping
By: HGR
What it was like to try and shop at UK Supermarkets (Tesco) in the countdown to lock down and social distancing. after most of the shelves had been cleared by panic buying.
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Wednesday, April 01, 2020
Gold From a Failed Breakout to a Failed Breakdown / Commodities / Gold & Silver 2020
By: Jordan_Roy_Byrne
The historic action of the precious metals sector over the past few weeks has continued.
The strong recovery in GDX, GDXJ, and Silver has potentially invalidated the technical breakdown that occurred during the crash. It appears to be a failed breakdown.
Furthermore, Gold was looking vulnerable on the weekly, and monthly chart yet was able to slingshot back to $1700/oz. It is currently up $88/oz or 5.6% this month, while the S&P 500 is down 14%.
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Wednesday, April 01, 2020
P FOR PANDEMIC / Politics / Pandemic
By: James_Quinn
“People should not be afraid of their governments. Governments should be afraid of their people.” – Alan Moore – V for Vendetta
“Authority, when first detecting chaos at its heels, will entertain the vilest schemes to save its orderly facade.” – Alan Moore – V for Vendetta
I wrote an article called V for Vendetta – 2011 just over nine years ago on the day after the Tucson shooting where congresswoman Gabrielle Giffords and eighteen others were shot by a psychologically disturbed lunatic, with six dying. At the time, I thought of the scene from the V for Vendetta movie where someone did something stupid and all hell broke loose. I expected a similar result from this act, but those in control of our society were successfully able to put a cork in the bottle, preserving their façade of order.
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Tuesday, March 31, 2020
The Past Stock Market Week Was More Important Than You May Understand / Stock-Markets / Stock Markets 2020
By: Avi_Gilburt
On Thursday, we saw the worst jobless claims number in history (and by far). Yet, the S&P500 futures rallied over 200 points from their overnight lows. So, are we to believe that the “cause” of that rally was the jobless claims?
I can assure you that if the market dropped 200 points there would be no question in your mind that the drop was certainly caused by the jobless claim’s announcement. In fact, there is not a single one of you reading this that would have even doubted that as a “fact.” If we are going to be honest here, it is likely that all of you probably had the expectation that the market going to be down big when those numbers were announced.
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Tuesday, March 31, 2020
Coronavirus - No, You Do Not Hear the Fat Lady Warming Up / Politics / Pandemic
By: The_Energy_Report
Bob Moriarty of 321gold comments on where he believes the economy is heading.
Those who never predicted a financial collapse in the first place are now edging closer to the swamp to dip their toes into the water. Now they are suggesting, perhaps we could have a recession."
Forget that. You cannot have every supply chain in the world chopped in two and have a recession. A depression was baked into the cake before the Corona popped out of the six-pack. The US government dumping a $6 trillion dollar bailout for their buddies that has more pork in it than the butt of a two-ton pig is the proverbial pissing up a rope. We are in a depression. The entire financial system, education system, medical system, political system, hell, the entire artifice needs a total reset.
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Tuesday, March 31, 2020
Life, Religions, Business, Globalization & Information Technology In The Post-Corona Pandemics Age / Politics / Religion
By: Dr_R_M_Mathew
The outbreak of corona pandemics , spreading from China to Europe, Iran, GCC Countries, Africa, India and several other countries has brought a standstill in the Global Economy, affecting all economies of the world. Stock markets have practically collapsed, followed by similar collapses in trade, travel, tourism, education, religious practices, normal public governance, Information Technology, industrial and the service sectors.
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Tuesday, March 31, 2020
Three Charts Every Stock Market Trader and Investor Must See / Stock-Markets / Stock Markets 2020
By: Chris_Vermeulen
Understanding the stock market and its potential through the use of technical analysis and historical price events has been proven repeatedly to outperform all forms of fundamental trading styles. The following is a story that walks you through my experience, the shift in my mindset and how I came to the conclusion that the three charts I share in this article are critical to your understanding of to make money in today’s market!
When I first learned to trade, I got all caught up with researching companies and finding the ones with the best earnings and future growth. I did that for several years after studying and following many “professional traders” who said it was the best way to trade and invest long term. We lost our shirts during the 2000 bear market by continuing to trade on fundamentals as stocks fell in value week after week. Even the companies that showed quarterly earnings growth fell in value – none of it seemed to make any sense to me, and it was very frustrating.
Losing money when buying the best companies made no logical sense, making me step back from the markets and ask myself, ‘what am I doing wrong here‘. People today are asking themselves the same question given today’s dizzying markets:
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Tuesday, March 31, 2020
Coronavirus Stocks Bear Market Trend Forecast - Video / Stock-Markets / Stock Markets 2020
By: Nadeem_Walayat
This in-depth analysis that concludes in a detailed trend forecast for the stock market was first made available to Patrons who support my work. And it was my intentions to post this extensive analysis in a series of videos. However that has not been possible therefore this video just contains my final stock market conclusion.
So if you want to read the full analysis behind the forecast that is to follow then do follow the link to the Patreon site. Coronavirus Dow Stocks Bear Market - March and April 2020 Trend Forecast.
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Tuesday, March 31, 2020
Coronavirus Dow Stocks Bear Market Into End April 2020 Trend Forecast / Stock-Markets / Stock Markets 2020
By: Nadeem_Walayat
My full stock market analysis follows that was first made available to Patrons who support my work - Coronavirus Dow Stocks Bear Market - March and April 2020 Trend Forecast
Whilst my latest analysis in this series was posted yesterday (30th March) - US and UK Coronavirus Trend Trajectories vs Bear Market and AI Stocks Sector
Before you read this analysis, ask yourselves is it worth $3 for advance warning of one of the greatest AI stocks sector buying opportunities of our time? https://www.patreon.com/Nadeem_Walayat.
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Tuesday, March 31, 2020
Is it better to have a loan or credit card debt when applying for a mortgage? / Personal_Finance / Debt & Loans
By: Submissions
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Monday, March 30, 2020
US and UK Coronavirus Trend Trajectories vs Bear Market and AI Stocks Sector / Politics / Pandemic
By: Nadeem_Walayat
The world is increasingly going into LOCK DOWN, with the latest being India (a lock down mostly in all but name). Still Europe is in lock down, large swaths of the US are increasingly going into lock down that saw a fumbling in the dark President Trump first suggest a quarantine for the entire state of New York and neighbouring states, only to back track a few hours later when the adults in the White House had a quiet word with him thus saving the US from another 10% down trading day Monday!
What's just as worrying as the Coronavirus are the Gestapoesk powers being handed to the Police, it won't be long before the powers start going to their heads and abuse of power starts takes place. At least in the UK usually the worst ordinary citizens are going to face is being tasered, expect far worse in the US a case of shoot first test later policy!
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