Tuesday, October 15, 2019

The Many Aligning Signals in Gold / Commodities / Gold & Silver 2019

By: P_Radomski_CFA

Precious metals moved strongly on Friday, and did so on significant volume. The reversals we have seen on Thursday got resolved with a heavy thud. Let’s dive into the many charts and perspectives and explore how well they support the upcoming move across the sector.

Let’s start this week with a bigger update on multiple gold charts. There are so many reasons due to which gold is likely to decline in the following months - we’ll start with last week’s closing day analysis.

Tuesday, October 15, 2019

Market Action Suggests Downside in Precious Metals / Commodities / Gold & Silver 2019

By: Jordan_Roy_Byrne

At present, there could be a number of positive developments for precious metals.

Last Friday, the US Dollar cracked lower and could be at risk of lower levels into year end.

Days earlier the Federal Reserve announced new “QE-like” measures just as they told us it was not really QE. 

In addition, the market is showing a nearly 68% chance of a rate cut later this month. 

Tuesday, October 15, 2019

US Major Stock Market Indexes Retest Critical Price Channel Resistance / Stock-Markets / Stock Markets 2019

By: Chris_Vermeulen

News, again, drives the US stock market and major indexes higher as optimism of a US/China trade agreement floods the news wires.  As we’ve been suggesting, the global markets continue to be news-driven and are seeking any positive news related to easing trade tensions and capital markets.  We believe any US/China trade deal would be received as very positive news by the global capital markets – yet we understand the process of achieving the components of the “deal” would likely still be 6 to 24 months away.

Still, with the strength of the US economy and the potential that some deal could be reached before the end of 2019 setting positive expectations, the US stock market and major indexes rallied last Thursday and Friday (October 10 and 11).  As the long holiday weekend sets up with no trading on Monday, it will be interesting to see what is potentially resolved between President Trump and the Chinese before the markets start to react on Sunday and Monday nights. Make sure up opt-in to our free market trend signals newsletter.

Tuesday, October 15, 2019

Stock Market Bears Back In Extinction Mode / Stock-Markets / Stock Markets 2019

By: Ricky_Wen

The second week of October showcased a vigilant effort from both bulls and bears in realizing their short-term targets/goals. However, in the end, the bulls won the key battles again with the massive bull engulf daily candlestick (2881.75-2954 on the Emini S&P 500) on Thursday. In essence, the market was able to do the standard lower high/daily 20EMA rejection during early week back into the 2880-2900 first target zone, but the bears were unable to sustain that momentum into the second target zone of 2850-2860. Overall, the bulls have now completed the higher lows/double bottom setup, and the earnings week acceleration to the upside seems to be occurring.

Tuesday, October 15, 2019

“Baghad Jerome” Powell Denies the Fed Is Using Financial Crisis Tools / Interest-Rates / US Federal Reserve Bank

By: MoneyMetals

Jerome Powell has something in common with Bagdad Bob, Saddam Hussein’s infamous press secretary. They’re both liars, suggests Money Metals podcast guest Craig Hemke of the TF Metals Report.

Telling obvious lies with a straight face is part of Powell’s job description. He hopes to maintain order even though anyone who is paying attention knows something extraordinary is going on.

Tuesday, October 15, 2019

Will Interest Rate Cuts Be Enough? / Interest-Rates / US Interest Rates

By: Michael_Pento

The main stream financial media is absolutely ebullient about global central banks’ renewed enthusiasm to cut interest rates to a level that is even lower than they already are. And, most importantly, Wall Street is completely confident that theses marginally-lower borrowing costs will not only be enough to pull the global economy out of its malaise; but will also be sufficient to provide enough monetary thrust to blow asset bubbles into the thermosphere.

Monday, October 14, 2019

British Pound GBP Trend Analysis / Currencies / British Pound

By: Nadeem_Walayat

GBP Long-term Trend

What stands out from the long-term chart is that GBP has been in a downtrend for many years, a good 20 years in fact for I recall sterling trading at over £/$ 2.0 a few years earlier than this graph. So whilst the clueless mainstream press have been crowing since 23rd of June of how the Pound has collapsed following Brexit. What they fail to understand is that Pound would have fallen regardless of the results of the 23rd June 2016 referendum because it's in a bear market.

Monday, October 14, 2019

A Guide to Financing Your Next Car / Personal_Finance / Motoring

By: Boris_Dzhingarov

When it comes to investing in a new car, using cash to buy it outright will always be the most affordable option. Any other method of financing subjects you to interest and other potential expenses. However, putting down a large chunk of cash on a depreciating asset is a luxury that few can afford in today’s economy.

This is why a growing number of Brits are opting to finance their cars. The Finance and Leasing Association reported that a record 960,000 private buyers financed their new cars in 2018, while 7% more used cars were financed. Let’s take a look at the most popular financing methods to help you decide how to pay for your next car.

Monday, October 14, 2019

America's Ruling Class - Underestimating Them & Overestimating Us / Politics / US Politics

By: James_Quinn

Do not underestimate the ‘power of underestimation’. They can’t stop you, if they don’t see you coming.” ― Izey Victoria Odiase

During the summer of 2008 I was writing articles a few times per week predicting an economic catastrophe and a banking crisis. When the biggest financial crisis since the Great Depression swept across the world, resulting in double digit unemployment, a 50% stock market crash in a matter of months, millions of home foreclosures, and the virtual insolvency of the criminal Wall Street banks, my predictions were vindicated. I was pretty smug and sure the start of this Fourth Turning would follow the path of the last Crisis, with a Greater Depression, economic disaster and war.

Monday, October 14, 2019

Stock Market Range Bound / Stock-Markets / Stock Markets 2019

By: Andre_Gratian

Current Position of the Market

SPX: Long-term trend – There are no clear signs that the bull market is over.

Intermediate trend –  Indecisive.

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. 

Monday, October 14, 2019

Gold Perspective is Everything / Commodities / Gold & Silver 2019

By: Rambus_Chartology

Perspective is everything when it comes to the markets. It is always most important to look at the long term charts first and then work your way back to the shorter timeframes. Long term charts also show where major support and resistance resides that can have a calming affect on ones emotions when the inevitable corrections take place.

Its been several months or so since we last looked at this 30 year quarterly chart for Gold that gives us very clear roadmap of how the price action may play out over the intermediate to longer term. Looking at the massive double bottom which launched Gold’s 2000’s bull market you can see there were three quarters of price action that took place on the breakout above the double bottom trendline with the final backtest occurring during the 3rd quarter of the breakout.

Monday, October 14, 2019

Gold, Silver Bonds - Inflation in the Offing? / Commodities / Gold & Silver 2019

By: Gary_Tanashian

Let’s take a look at some indicators that can come together to let us know when the next inflationary bout is in the offing.

The spread between 10yr and 2yr yields (the most commonly watched yield spread/curve) is still steepening on the short-term. Live chart available here.

Monday, October 14, 2019

East-West Trade War: Never Take a Knife to a Gunfight / Stock-Markets / Financial Markets 2019

By: The_Gold_Report

Sector expert Michael Ballanger's take on this week's news from the financial markets informs his most recent investment decisions.

It's a funny thing that happens when the stress of financial insolvency bubbles up to the surface. Decisions once considered "routine" (like brushing one's teeth or walking one's dog) suddenly have life-or-death outcomes, complete with cold sweats, sleepless nights and self-prescribed medicinal relief. Whenever I turn on the financial news stations, such as Fox, Bloomberg or CNN, I get the impression that I am watching Kabuki theatre, with exquisitely-designed puppets playing out exquisitely crafted scripts. I am immediately faced with the ageless problem of whether or not to consider the content "news," or should I view it as simple "entertainment."

By example, the saber-rattling of the United States of America in its anti-China rhetoric is playbill material of the highest order. You have in the red corner the aging heavyweight champion, long seated on the throne of global military and economic dominance, while in the blue corner, you have the spry young contender, hungry from decades of communist suppression and poverty with a highly motivated populace and a powerful and rapidly growing military. As much as the world may loathe it, it appears that the bell is soon to sound and the battle for global supremacy is about to begin.

Monday, October 14, 2019

Consider Precious Metals for Insurance First, Profit Second... / Commodities / Gold & Silver 2019

By: MoneyMetals

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.

Coming up MoneyMetals.com columnist and Senior Analyst at The Morgan Report David Smith joins me for another wonderful conversation on why he thinks the recent correction in metals is creating what may be the last great buying opportunity in the sector, and also why he believes those who do buy should be thinking insurance first and profit second. So be sure to stick around for my conversation with David Smith, coming up after this week’s market update.

As the Federal Reserve prepares more stimulus injections into the financial system, investors continue to flip back and forth from favoring safe haven assets one week to growth stories another. This week markets swung back toward growth, perhaps in hopes of progress on U.S.-China trade talks.

Global equity markets got a bounce mid-week. Industrial commodities including copper and platinum group metals also made gains. Bonds, meanwhile, sold off, and gold and silver struggled to hold significant near-term technical levels.

Sunday, October 13, 2019

Stock Market Dow Elliott Wave Analysis Forecast / Stock-Markets / Elliott Wave Theory

By: Nadeem_Walayat

ELLIOTT WAVES 

My analysis of Feb 2019 concluded in expectations for a 5 wave bull run during 2019 targeting new all time highs of around 28k.

Sunday, October 13, 2019

The Most Successful IPOs Have This One Thing in Common / Companies / IPOs

By: Stephen_McBride

Justin Spittler : Never chase a stock.

That’s the #1 mistake of rookie investors. They fall in love with a stock that has already risen a lot, overpay for it, then end up regretting it.

True pros do the opposite.

They’re patient. They lie in wait, wait for a stock to “come to them”, then buy on a “dip.”

“Don’t chase stocks” is sound advice 95% of the time. But there’s a special kind of stock you absolutely should chase.

In fact, you’re better off buying these special stocks after a 20% or 30% pop than buying after a big selloff.

I know it sounds crazy. It goes against everything most investors have been taught. But I have mountains of data to prove it.

Sunday, October 13, 2019

Fed Grows Concerned - Should Gold Investors Do the Same? / Commodities / Gold & Silver 2019

By: Arkadiusz_Sieron

The Fed released the minutes from its last meeting yesterday. What can we learn from the new light they shine on the U.S. monetary policy? How will it affect the gold market?

Minutes Show That FOMC Members Are More Worried Now

The minutes from the Sep FOMC meeting show that the Fed is more worried about the economy. The Committee members noted that downside risks had become more pronounced due to the increased trade conflicts, more intensified geopolitical uncertainty, and more fragile prospects for global and domestic economic growth:

Sunday, October 13, 2019

Precious Metals & Stock Market VIX Are Set To Launch Dramatically Higher / Stock-Markets / Financial Markets 2019

By: Chris_Vermeulen

The recent rotation in the US stock market and US major indexes have set up a very interesting pattern in the Metals and VIX charts.  Our researchers believe precious metals, Gold and Silver, are setting up a new momentum base/bottom and are beginning an early stage bullish price rally that may surprise many traders.  If you have not been following our research, please take a minute to read these past research posts:

September 24, 2019: IS SILVER ABOUT TO BECOME THE SUPER-HERO OF PRECIOUS METALS?

September 19, 2019: PRECIOUS METALS SETTING UP ANOTHER MOMENTUM BASE/BOTTOM

Our researchers believe the bottom in Metals has already set up on October 1, 2019.  This setup aligns with our earlier analysis that a new bullish price leg is setting up that will propel Gold to levels above $1600 before the end of November – possibly resulting in a rally that attempts to breach the $1700 price level.

Sunday, October 13, 2019

Discovery Sport EGR Valve Gasket Problems - Land Rover Dealer Fix / ConsumerWatch / Land Rover

By: HGR

As soon as my Discovery Sports 3 manufacturer warranty is up, up pops the dreaded yellow engine management warning light prompting a visit to the local land rover dealer for a diagnoses. Apparently the EGR Valve is failing hence prompting the engine warning light to come on. EGR or Exhaust Gas Recirculation Valves are typically supposed to last 10 years or 100,000 miles, so why is it failing so early in a Discovery Sport? Only 3 years old and 18,000 miles? Find out of what's likely in store for your Discovery Sport once it passes the 3 year mark and the probable solution.

Saturday, October 12, 2019

Stock Market US Presidential Cycle - Video / Stock-Markets / Stock Markets 2019

By: Nadeem_Walayat

The US Presidential cycle pattern has continued to prove REMARKABLY ACCURATE in terms of flagging future stock market price action as the charts over the past 15 months illustrate, where the basic pattern for the US Presidential cycle is for a strong election year and post election year, followed by weak Mid-term then a strong pre-election year.