Sunday, November 03, 2019
Goldman Sachs (NYSE : GS) Bulls Aiming for Strong Rally / Companies / Company Chart Analysis
By: ElliottWaveForecast
Goldman Sachs (NYSE : GS) is one of the top 5 banks in USA and it’s stock is currently up $25% year-to-date. Last year, GS was on the edge of breaking its bullish trend which was established since 2009 but the bulls took over on the right time to re-establish the main path.
The stock created a bullish higher high sequence from December 2018 low aiming for a minimum target at equal legs area $239 -$252 which is currently supporting further rally in the coming few months as GS is close to break above July 2019 peak creating another bullish sequence. June & October lows are expected to hold during short term pullback to allow the stock to continue it’s uptrend aiming for a break higher above 2018 peak.
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Sunday, November 03, 2019
Is US Dollar Topping? / Currencies / US Dollar
By: ElliottWaveForecast
The Fed’s monetary stance has turned 180 degree this year. Recall last year the Fed talked about shrinking the balance sheet on auto pilot and raising interest rate. The QT (Quantitative Tightening) of $50 billion a month, according to former Fed Chair Janet Yellen, should be boring like watching paint dry. By July this year, the $50 billion monthly rundown has ended. Instead, the Fed embarks in another balance sheet inflation to the tune of 60 billion a month. In mid-September, short term funding in repo market spiked to 10% from 2% overnight. This suggests stress in the financial system as some banks and financial institution can’t find necessary cash in the market. The Fed quickly points out this balance sheet expansion is different than asset purchase from years ago. Below is the chart of the Fed’s balance sheet. It has dropped steadily from 2017 and reverses higher this year.
Sunday, November 03, 2019
Lifting the Entitlement Burden Through Increased Infrastructure Spending / Economics / Infrastructure
By: Richard_Mills
On Wednesday the US Federal Reserve cut interest rates for the third time this year, amid continued weak growth both domestically and globally.
The federal funds rate, the baseline for credit card and mortgage borrowing, dropped 25 basis points and is now between 1.5 and 1.75%.
Fed Chair Jerome Powell says the current interest rate levels are “likely to remain appropriate” (ie. on hold for the time being) to meet the Fed’s goal of 2% inflation.
Chairman Powell has been pressured for months by President Trump to continue slashing interest rates to help goose the American economy and keep North American stock markets on the boil.
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Saturday, November 02, 2019
Silver Trend Forecast 2019 Update / Commodities / Gold & Silver 2019
By: Nadeem_Walayat
The Silver price soared during August as it played catch up to the Gold bull run, Silver peaking at a high of $ 19.75 early September before like Gold entering into a correction to a low of $16.94 late September and trending weakly higher during October to currently stand at $18.07, a 2 month trend similar to that of the gold price.
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Saturday, November 02, 2019
The #1 Reason the World’s Most Powerful Stock Is Crashing / Companies / Oil Companies
By: Stephen_McBride
What’s the greatest company in history?
You could make a strong case for shopping disruptor Amazon (AMZN). Its stock has handed early investors 100,000% gains and counting.
Some will point to phone disruptor Apple (AAPL). It invented the iPhone—the most successful product in history—and was the world’s first trillion-dollar company.
Oil giant ExxonMobil (XOM) has to be in the mix too. While its stock has “only” handed investors 15X their money, Exxon has dominated in energy for half a century.
Saturday, November 02, 2019
Are Precious Metals Beginning Another Rally Attempt? / Commodities / Gold & Silver 2019
By: Chris_Vermeulen
Recently, the US stock market rallied to new all-time highs which prompted an almost immediate celebration. A day later, the US stock markets reacted by setting up multiple top rotation patterns. The next day, a moderate price rally set up after the US Fed decreased rates by 25 basis points. The next day, the markets sold off dramatically with heavier volume – prompting the metals and the VIX to rally.
We’ve been warning for weeks that the US markets were setting up into a Pennant/Flag formation within a tightening range biased to the upside. See our index trend analysis signals here. We believe the move in precious metals today may be indicative of a breakout/breakdown move in the markets – near the apex of the pennant formation on the Gold chart, below.
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Saturday, November 02, 2019
Fed’s Own Forecasts Again Dead Wrong as QE4 Accelerates / Interest-Rates / Quantitative Easing
By: MoneyMetals
Precious metals markets enter November’s trading with bulls eying a potential year-end rally.
Gold and silver prices did manage to post gains on Wednesday and Thursday after the Federal Reserve announced a quarter point rate cut. But the Fed followed up its move with language suggesting interest rate policy is now on pause.
News Anchor #1: The Federal Reserve cut the benchmark rate by a quarter of a percentage point. It's now at 1.5% to 1.75%. The rate cuts come on a global slowdown; they say. Also muted inflation. Now the Fed does signal in this statement a pause for future rate cuts. The Federal Reserve statement changes the words from “act as appropriate” to “assess.”
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Saturday, November 02, 2019
Amazon Half Price Bargains or Scams? 6Tb WD Blue for Just £74! / ConsumerWatch / Amazon
By: HGR
Are Amazon half price bargains too good to be true? You know, you've seen them an item being sold for a ridiculously low prices, at less than 50% of the price it should be selling at. As I happened upon an WD Blue 6TB Hard Drive selling for just £74, an irresistible bargain! For instance the 5tb drive was selling for £175, and the 4tb for £95. So how the hell can the 6TB be selling for just £74? Is this an example of the bargains that regular browsers can happen upon or is it a SCAM! Find out in my latest money saving amazon shopping video.
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Friday, November 01, 2019
Gold Mining Stocks Winter Rally / Commodities / Gold and Silver Stocks 2019
By: Zeal_LLC
The gold miners’ stocks have surged in 2019, blasting higher after gold’s first bull-market breakout seen in several years. That powerful summer rally left them really overbought, necessitating a correction to rebalance exuberant sentiment. That grinding consolidation lower has set them up nicely for their winter rally, this sector’s seasonally-strongest time of the year. These seasonal tailwinds will amplify their next upleg.
Seasonality is the tendency for prices to exhibit recurring patterns at certain times during the calendar year. While seasonality doesn’t drive price action, it quantifies annually-repeating behavior driven by sentiment, technicals, and fundamentals. We humans are creatures of habit and herd, which naturally colors our trading decisions. The calendar year’s passage affects the timing and intensity of buying and selling.
Gold stocks exhibit strong seasonality because their price action mirrors that of their dominant primary driver, gold. Gold’s seasonality generally isn’t driven by supply fluctuations like grown commodities see, as its mined supply remains relatively steady year-round. Instead gold’s major seasonality is demand-driven, with global investment demand varying considerably depending on the time in the calendar year.
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Friday, November 01, 2019
Tesla Is the Underdog in the Electric Car Revolution / Companies / Electric Cars
By: Stephen_McBride
If you’re not first… you’re last. You may recognize this quote from fictional racecar driver Ricky Bobby. But it could easily be straight from a business school lecture.
Many professors preach the importance of “being first” in business.
But I have to tell you… it’s mostly a lie.
Microsoft introduced the first tablet computer in 2000. Apple didn’t unveil the iPad until a decade later.
The iPad has sold 360 million units… while the few “Tablet PCs” Microsoft sold are buried in junkyards.
“Friendster” started the world’s first major social network. Facebook didn’t come along until years later.
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Friday, November 01, 2019
‘Power to the People’ and Mining Metals and Minerals / Commodities / Metals & Mining
By: Richard_Mills
The 1960s and 70s were decades of incredible social upheaval.
Fed up with wars, governments out of touch with their ideals, authority figures who didn’t get them, the “flower children” of the '60s took to the streets to demand equal rights for women, civil liberties for black Americans, an end to President Johnson and Nixon’s Vietnam quagmire - all fueled by a powerful new popular culture that called for peace and celebrated the freedom of the individual to do as he/ she pleased.
Fifty years on, the world has changed in ways the “hippy generation” could scarcely imagine.
Protests today tend to be in developing countries, places where greed, graft and corruption mix with inequality in a toxic brew that frequently boils over into the streets, and is just as often violently suppressed. I’m alluding here to the Arab Spring that demanded the reform of oppressed societies, but has for the most part failed to deliver - just look at Lebanon, Egypt and Saudi Arabia.
In the West it’s not so much regime change people are after, as a change in the way governments conduct themselves. Consider the mass demonstrations in Hong Kong directed at the former British colony’s Chinese overlords, or global climate change protests. In the US, bad memories of the 1960s race riots were stirred up when racists and anti-racists confronted one another in Charlotte, North Carolina.
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Friday, November 01, 2019
Near-term bearish signs for Bitcoin Cash / Currencies / Bitcoin
By: MarketsToday
Summary
- Bearish doji candlestick pattern occurs after seven days up.
- Occurs on test of neckline of large bearish head & shoulders topping pattern.
- Potentially significant drop possible to below most recent swing low.
Friday, November 01, 2019
Fed Interest Cuts Rates, Causing Gold Price to See-Saw / Commodities / Gold & Silver 2019
By: Arkadiusz_Sieron
Yesterday, that was already the third time this year when the Fed cut interest rates. In response, the price of gold erased earlier losses. That sounds a bit fishy. What is going on?
Fed Lowers Interest Rates by 25 Basis Points
Yesterday, the FOMC published the monetary policy statement from its latest meeting that took place on October 29-30th. In line with expectations, the U.S. central bank cut the federal funds rate by 25 basis points, for the third time in 2019 already:
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Friday, November 01, 2019
Funding Will Be Difficult for European Small-to-Medium Enterprises (SMEs) Beyond 2022 / Companies / SME
By: Boris_Dzhingarov
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Thursday, October 31, 2019
DJIA Stock Market Technical Trend Analysis / Stock-Markets / Stock Markets 2019
By: Nadeem_Walayat
TREND ANALYSIS
Short-term Trend Analysis
The Dow bounced from trendline support targeting resistance at 27,300 which it failed to reach before turning lower.The overall pattern is that of a converging triangle towards a breakout point. Where the ultimate direction of the breakout is not clear. The immediate trend targets the support trend line currently at around 26,000.
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Thursday, October 31, 2019
How Trump Tariff Trade Wars Worsen US Trade Deficit / Economics / Protectionism
By: Dan_Steinbock
Since 2018, Trump's trade wars have made US trade deficit only worse, while hurting the poorest economies the most and penalizing global prospects.
According to the new IMF outlook, global growth is forecast at 3.0% for 2019. That’s the lowest since the global crisis of 2008-9. The decline is largely due to the US tariff wars, which have contributed to the projected slowdown in the US and China.
Due to the global slowdown, world growth prospects now hover at levels where they were last amid the darkest moments of 2008/9.
Thursday, October 31, 2019
What Has Freaked Out The US Fed? / Interest-Rates / US Interest Rates
By: Chris_Vermeulen
The US Fed cut rates again by 25 basis points, the third time this year. Prior to the start of 2019, the US Fed gave guidance that 3 to 4 more rate increases were planned for 2019. What the heck happened to the US Fed and what has them so freaked out that they completely changed direction on their expectations for the US and Global economy so quickly? Source: Yahoo Finance
It is painfully obvious to anyone paying attention that the US Fed expected the many years of near-zero interest rates between 2009 and 2015 to act as a fuel for future growth. The problem was that no real growth materialized until just before the 2016 US Presidential elections – and even that was relatively muted. The US Dollar had continued to rally from July 2011 lows well into the 2016 election date. The expectations for the US economy hinged on who won the election. After President Trump won, the markets started an immediate rally expecting business-friendly policies and government.
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Thursday, October 31, 2019
Stock Market Long-Term Predictive Software Suggests Volatility May Surge / Stock-Markets / Stock Markets 2019
By: Chris_Vermeulen
Over the past few weeks and months, a number of key economic data has continued to rally the US major indexes towards new highs, hopes of a US/China trade deal, a continued shift of capital in the US markets for protection and safety, and moderately strong US economic indicators and an earning season that appears to be moderately strong for Q3 of 2019. The interesting facet of this move higher is that it is happening while trading volume has diminished dramatically in the SPY. The futures contracts, the ES, YM, and NQ, continue to show relatively strong volume activity though.
Additionally, the overnight Repo markets have risen to the attention of many skilled analysts. The concern is that the continued US Fed support of the overnight Repo facility may be a band-aid attempt to support a gaping credit crisis that is brewing just outside of view. We’ve been doing quite a bit of research over the past few weeks regarding this Repo market support by the US Fed and we believe there is more to it than many believe. We believe certain institutional banking firms may be at extreme risks related to derivative investments, shadow banking activities and/or global commodity/stock/currency/asset risk exposure. The only answer we have for the extended Repo facility at increasing levels is that the institutional banking system is starting to “fray around the edges”. Thus, we believe some larger credit risk problems may be just around the corner.
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Thursday, October 31, 2019
Gold Juniors Decline While Senior Miners Rally – What Gives? / Commodities / Gold & Silver 2019
By: P_Radomski_CFA
Do you know what mining companies did yesterday? They verified a major breakdown, confirming the extremely bearish outlook for the following months. What? The miners rallied? Oh, you mean the senior mining stocks (HUI, GDX…) – then yes, they moved a bit higher. But the junior miners (Toronto Stock Exchange Venture Index) just declined after confirming breakdown below the very important rising support line, which has profound implications for the next months. Truth be told, what’s happening in the senior miners can be used to indicate the next short-term moves as well, but we’ll start today’s analysis with the big picture.
Thursday, October 31, 2019
Kids Scary Pumpkin Carving Halloween 2019 - How to Carve Pumpkins / Personal_Finance / Money Saving
By: Eliza_Walayat
Trick or treat! The kids got crafty and put their pumpkin carving skills to the test! Let us know what you think!
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