Tuesday, July 23, 2019
Why The Coming Silver Rally Might Be The Greatest / Commodities / Gold & Silver 2019
In the last one hundred years there have been some great silver rallies. Some have been greater than others though.
The economic conditions underlying the different silver rallies were not all the same. Obviously those that occurred during conditions most conducive to silver rallies were the great performers.
The coming silver rally could be the greatest especially since it potentially has most conditions in common with the great silver rallies.
Gold/Silver Ratio (GSR)
The most ideal time for a silver rally relative to the Gold/Silver ratio is after a major peak in the GSR and as close to the all-time high as possible. This is because the Gold/Silver ratio is to silver rallies much like cycling down a hill is compared to cycling up a hill is to a cyclist.
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Tuesday, July 23, 2019
We Are in for Decades of Ultra-Loose Monetary Policy / Interest-Rates / Quantitative Easing
President Trump recently nominated Judy Shelton to the Federal Reserve Board of Governors. She is the United States director for the European Bank for Reconstruction and Development, which I had never heard of until her nomination.
Shelton is a Republican and believes in the adoption of a gold standard. She currently believes in lowering interest rates, after spending the Obama years criticizing the Fed for lowering interest rates.
You may wonder how a person can be in favor of a gold standard and also for lowering interest rates at the same time.
I am wondering that, too.
Tuesday, July 23, 2019
Gold & Gold GDX Stocks Ripping. What’s Next? / Commodities / Gold and Silver Stocks 2019
It was a huge week for the gold stocks. GDX gained nearly 7% while GDXJ surged over 10%.
Gold hit $1450/oz after Thursday before selling off Friday. Silver met the same fate on Friday but managed to close the week up over 6% and at a new 52-week high.
Let’s take a look at the current technicals.
Gold closed the week just below $1427/oz. If it remains above $1420-$1425, then it is likely to trend towards $1475/oz, which is the only resistance between $1425 and $1525.
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Tuesday, July 23, 2019
Stock Market Breadth Warning Signs for the Stock Market’s Rally? / Stock-Markets / Stock Markets 2019
As the stock market trades on light volume, various breadth indicators are flashing short term warning signs. Today’s headlines:
- A real breadth divergence.
- Weaker than average economic growth
- Lagging margin debt
- Baltic Dry Index surge
- Gold:silver ratio
- Netflix
Go here to understand our fundamentals-driven long term outlook. For reference, here’s the random probability of the U.S. stock market going up on any given day.
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Tuesday, July 23, 2019
U.S. Recession Watch: The Six-Cycle Forecast / Economics / Economic Theory
It’s usually a bad idea to stand too close to something—whether an object, a problem you’d like to solve or any number of other things—which could mean seeing all of the pixels but none of the patterns. That’s why we populate albums, frames and holiday cards with bird’s eye views and sweeping vistas. It’s why every city that aspires to “destination” status advertises this or that Tower, Arch, Needle or Eye.
But if we look from too far away, we run a different risk of missing important information. That’s why we send probes, ships and occasionally scientists into outer space. It’s why we don’t Facetime our doctors, we hop on the examination table and show them exactly what’s bothering us.
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Tuesday, July 23, 2019
US Dollar Index tightly wound between: US Bond Yields down on safety flows / Stock-Markets / Financial Markets 2019
As markets begin a new week, there are interesting opportunities. SPX ended the week in a state of uncertainty. Weekend news from Iran seem to suggest there is no truce visible as Iran has not yet let go of the Oil tanker captured. It was flying a UK flag. US has not fully involved itself in the spate and thus market are waiting on a US response. However bond market seem to have made up its mind that they will not wait for a strike but rather exercise caution before its too late.
USDJPY has opened the week above 108. Above 108.4 the pair may look to extend gains to 109.2. The lack of impetus suggest we will fall to 105 on USDJPY.
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Tuesday, July 23, 2019
Stocks Bull or Bear? The Market’s Message / Stock-Markets / Stock Markets 2019
Today I would like to review the state two markets. The general stock market and the precious metals market. Following this I will give an update on Plungers Core-7 portfolio.
Consider this report an opportunity to read an alternative view of the markets. My views of the major averages are certainly at odds with consensus opinion. Furthermore, they are also at odds with the methodology of chartology. A strict interpretation of the charts will not lead to the conclusions I present here. I understand I am not in synch with the Rambus interpretation of the stock market, but he has been gracious enough to allow me to present it anyway.
The General Stock Market: Run!… Don’t walk away from this thing.
Identifying whether it is a bull or bear market is a more effective method to operate than focusing on individual stocks that may go up or down. Most investors however, are mainly engaged in stock selection and spend little time in deep thought as to the state of the averages. This directly relates to what I consider the most important thing in investing. That is aligning oneself with the primary trend.
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Monday, July 22, 2019
This Dividend Aristocrat Is Leading the 5G Revolution / Companies / Mobile Technology
Wireless technology has come a long way.The first generation of wireless—called 1G—rolled out in the 1980s. The only thing you could do with it was make a phone call. And the call quality rivaled that of two tin cans connected by a string.
Since then there’s been a new generation of wireless tech about every 10 years. 1G gave way to 2G, then 3G and 4G—each generation faster and more reliable than the last.
Now we’re arriving at 5G. The rollout should be complete around June 2020.
This new technology will let phones and computers communicate 1,000X faster than 4G. It will also make everything from self-driving cars to remote surgery possible.
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Monday, July 22, 2019
What the World Doesn’t Need Now is Lower Interest Rates / Interest-Rates / Global Financial System
The Q2 earnings season is upon us and the risks to the rally that started after the worst December on record at the close of last year is in serious jeopardy. We received a glimpse of this with some of the current companies that have reported. For example, to understand how dangerous this earnings reporting season can be, take a look at what one of the largest US multinational firms had to say recently after it reported earnings. The Minnesota-based Fastenal, which is the largest fastener distributor in North America, reported worse-than-expected second-quarter earnings and revenue. Shares of Fastenal promptly tanked more than 4%. But what the management said about the quarter was very interesting. The company said in its press release that its strategy to raise prices to offset tariffs placed to date on products sourced from China were not sufficient to also counter general inflation in the marketplace.Read full article... Read full article...
Monday, July 22, 2019
My Biggest 'Fear' For Silver / Commodities / Gold & Silver 2019
While we were prepared for last week’s run in silver in our service on ElliottWaveTrader.net, many are only now suggesting to buy into the metals after missing the last 10%+ move up in silver. Yes, that is what happens so often in financial markets. Markets go higher and people want to buy more the higher it goes. Yet I was getting a lot of pushback when I was suggesting people use price levels below 15 to accumulate silver holdings.
What strikes me as odd is that in every other aspect of your life, you are in search of “the deal.” If you want to make any other type of purchase, you invest a lot of time in finding the best or lowest price you can find out there in the market. Yet, that is not what happens with most investors in the financial markets.
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Monday, July 22, 2019
Reasons to Buy Pre-Owned Luxury Car from a Certified Dealer / Personal_Finance / Motoring
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Monday, July 22, 2019
Stock Market Increasing Technical Weakness / Stock-Markets / Stock Markets 2019
Current Position of the Market
SPX: Long-term trend – Finallong-term phase on the way? How much longer, is the question.
Intermediate trend – The continued strength has muddied the water and we may have to wait until August/September before the intermediate trend becomes more clear.
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.
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Monday, July 22, 2019
What Could The Next Gold Rally Look Like? / Commodities / Gold & Silver 2019
I have been going over the past data to attempt to identify future price targets and to help traders understand the true potential for the current precious metals price rally. We’ve been sharing our data and research with you for many months are pleased to continue to share our predictive modeling system’s outputs and data. Today, we wanted to play a bit of “what if” with the data in an attempt to relate just how explosive this move in precious metals may be over the next 6 to 12+ months.
Given our belief that precious metals prices will hold last weeks breakout to the upside and that Gold will rally in a parabolic price mode, we have attempted to identify how Silver would react given the price advance of Gold and the historic price ratio between Gold vs. Silver.
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Monday, July 22, 2019
Stock Markets Setting Up For A Volatility Explosion – Are You Ready? / Stock-Markets / Stock Markets 2019
Today, we are going to share with you some incredible charts that highlight why we believe all traders and investors need to stay keenly aware of the potential for very explosive moves over the next 6 to 12+ months. We’ve authored a number of articles about super-cycles, Gold, Oil and dozens of other symbols suggesting that a deeper and more complicated economic shift is taking place throughout the world. We’ve been following the trail of money and investments for many months and attempting to map out what we believe will happen in the future with our proprietary predictive modeling systems and adaptive learning utilities. Get ready for some crazy price ranges and a big move in the markets over the next 30+ days.
Right now, we believe the US stock market is poised for another attempt to move briefly higher as a flood of earnings hits the news wires next week. We are confident that the US stock market will attempt a move higher based on our predictive modeling systems and other technical analysis tools. We want to warn you that this upside move will likely become a “wash-out high” price rotation where price rallies briefly, stalls, then reverses back to the downside fairly quickly. We believe this “wash-out high” price pattern will set up and execute before August 5th or so. Be prepared as this move may sucker in a number of new long traders just before it breaks lower.
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Monday, July 22, 2019
Anatomy of an Impulse Move in Gold and Silver Precious Metals / Commodities / Gold & Silver 2019
A big impulse move that we are currently experiencing right now in the PM complex is separated by several small consolidation patterns that make up the entire impulse leg. Its these small consolidation patterns that give life to a big impulse move because without these little rest stops along the way the impulse move would burn itself out. One should welcome and anticipate these small consolidation patterns as they will help you understand where you maybe within the impulse move. I’ve seen as few as one and as many as four buildout during a strong impulse move.
Below is a daily chart for the first two impulse moves that formed at the beginning of the HUI’s bull market run that started in 2000. The very first impulse move formed 3 small consolidation patterns, two triangles and one H&S consolation pattern which led to the first top in May of 2001. At that point it was time for the HUI to consolidate its gains and begin to buildout the much larger black triangle. After the completion of the black triangle it was time for the second major impulse move up in the HUI’s still new bull market. As you can see the second major leg up formed three more consolidation patterns before exhausting itself. The second impulse move almost doubled the first one as the new bull market was gaining strength.
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Monday, July 22, 2019
What you Really need to Know about the Stock Market / Stock-Markets / Stock Markets 2019
If you read financial news & market analysis from pundits every day, it’s easy to be overwhelmed by countless charts, data, indicators, opinions, etc. In this post, I’m going to focus on what I think really matters for the stock market right now. A quick recap:
- Long term risk:reward does not favor bulls
- Fundamentals (next 6-9 months): favors bulls
- Technicals (next 6-9 months): favors bulls (i.e. late cycle rally)
- Short term: mixed/bearish
Sunday, July 21, 2019
Has Next UK Financial Crisis Just Started? Bank Accounts Being Frozen / Companies / Financial Crisis 2019
This is how the next banking crisis starts - Customers day starts normally with little warning in the mainstream media about banking access issues, but customers trying to transact online find their accounts are no longer able to transfer funds out of their bank, instead are met with a message to call the bank, so begin tweeting about their limited online facilities.
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Sunday, July 21, 2019
Silver to Continue Lagging Gold, Will Struggle to Overcome $17 / Commodities / Gold & Silver 2019
Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.
Coming up Craig Hemke of the TF Metals Report joins me for a very interesting discussion on how a myriad of problems are really starting to show up in the all-too-important banking sector, explains the recent move in the precious metals and gives some very key price levels for gold and especially silver that he’s watching very closely.
Craig also addresses the recent silver underperformance to gold in recent years and what’s behind that. So, stick around for an in-depth conversation with our friend Craig Hemke, coming up after this week’s market update.
Well, silver has finally made its move! After languishing and lagging over the past several months, silver prices broke out in a big way this week.
The white metal rallied to a one-year high on Thursday. As of this Friday recording, silver is packing a hefty weekly gain of nearly a dollar or 6.3% to bring spot prices to $16.25 an ounce.
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Sunday, July 21, 2019
What’s With all the Weird Weather? / Politics / Climate Change
In January 2018, something strange happened in the Sahara Desert: it snowed. The Algerian town of Ain Sefra, named the “Gateway to the Sahara”, reportedly received up to an inch, barely enough to get the average North American out of bed early to scrape the car, but for North Africans, the outlier snowfall would have been magical; it was only the third time in 40 years that the Sahara Desert, one of the hottest places on earth, has received snow. (the desert gets very cold at night but even if it dips below freezing, any precipitation that crystallizes to snow usually melts right away)
A year later, extreme heat and cold were experienced in Australia and Russia. Temperatures at Port Augusta, South Australia, shot up to 49 degrees Celsius, on the same day, Jan. 7, as the mercury plunged to -56 in parts of Russia. That’s numbingly cold, but not as bone-chilling as in January 2018, when a blast of -67 cold air hit Russia’s remote Yakuta region - low enough to freeze eyelashes.
Can these outlier weather events be explained by climate change?
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Sunday, July 21, 2019
Halifax Bank Branch Staff Shockingly Incompetent / Companies / Financial Crisis 2019
Bank with the Halifax? Then If for whatever reason you find that your access to online banking has been limited or even blocked, then on calling the requisite number are asked to pop down to the local branch with ID.
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