Thursday, July 04, 2019
The Three Metallic Amigos Gold, Silver and Copper / Commodities / Gold & Silver 2019
By: Gary_Tanashian
When last we left the 3 Metallic Amigos… I can’t remember the detailed individual statuses and am too busy to go read the post. They were something like borderline hysterical gold, attractive silver and bouncing (but not yet bullish) copper. So here’s today’s update on these Amigos.
Gold is testing the high today after not even pulling a 38% Fib retrace. A real bull market launch may not pull back to a nice neat support/retrace level (38%, 50%) but that does qualify as a test of the big picture breakout at 1378, which has for years now been our (NFTRH) Bull/Bear line of demarcation. As long as that holds up, gold is in a bull market. Can it be making a very short-term double top? Ah, sure. But it can also be ready to rip higher. Point is, gold is not yet beyond a pullback potential to the 1350-1375 area but man, it’s bullish.
Read full article... Read full article...
Thursday, July 04, 2019
TiedCoin – Safe Haven amid a Cryptocurrency Storm / Currencies / BlockChain
By: Submissions
...
Thursday, July 04, 2019
Crude Oil Price Pummeled, Where Is It Going Next? / Commodities / Crude Oil
By: Chris_Vermeulen
On Tuesday, July 2, 2019, the price of Crude Oil fell over -4.5% on continued expectations of global economic weakness and supply gluts. We found this interview rather interesting because it attempts to suggest a narrative that ignores Iranian issues while pushing the supply side fundamental for the current price decline (Source: CNBC).
Back on May 21, 2019, we shared a post that is still very relevant today. The same price pattern is still in place and the same type of price action is working through the completion of an extended Pennant/Flag formation. We suggest all our follower read this May 21 post to catch up to current market levels.
Read full article... Read full article...
Thursday, July 04, 2019
Gold and Silver Precious Metals Breaking Out / Commodities / Gold & Silver 2019
By: Rambus_Chartology
I would like to start out this Report by looking at a long term monthly chart for the GDX. The multi year bear market actually began in September of 2011 at the head portion of the 3 1/2 year H&S top. The H&S top actually began to form in September of 2009 and ended in February of 2013 when the price action broke below the neckline. From that point the GDX declined for the next three years in its bear market so from a technical perspective the GDX ended its bear market in January of 2016 which marked its all time low.
The rally out of the 2016 low lasted seven months and ended in September of the same year. After a strong impulse move like that one looks for the price action to consolidate its gains before moving higher. There was no way to know at the time what trading range would develop and how long it will take to complete. Now in hindsight we can see the GDX built out the 2016 bullish falling wedge, that we’ve been following for well over a year, which took two years to complete from the August 2016 high to the September 2018 low. It wasn’t until the breakout above the top rail of the 2016 bullish falling wedge and the completion of the backtest two months ago in May that we had significant confirmation that the bear market that began in September of 2011 was officially over.
Read full article... Read full article...
Thursday, July 04, 2019
Gold Price Epochal Breakout Will Not Be Negated by a Correction / Commodities / Gold & Silver 2019
By: The_Gold_Report
Technical analyst Clive Maund charts the reasons why the recent gold breakout is genuine. It has been a truly glorious month for gold, and the purpose of this update is to point out firstly that the gold breakout of the past week was genuine and secondly that any short-term reaction back as far as $1,380 or even $1,370 will not negate the breakout—instead it should be seized upon as an opportunity to build positions across the sector, especially in trampled down undervalued silver stocks. Silver broke higher last week on its strongest upside volume since its frothy top in 2011 and on its second highest upside volume ever.
On the six-month gold chart we can see the impressive breakout run-up of recent days, which has taken gold to a flag target that it has reached in an extremely overbought state. This means it is entitled to take a rest here, and that is what it is doing.
Read full article... Read full article...
Thursday, July 04, 2019
Silver Priced Poised for a Breakout / Commodities / Gold & Silver 2019
By: Clive_Maund
Technical analyst Clive Maund discusses why he believes silver is amazingly cheap and a sure sign that a major precious metals sector bull market is starting.
We have already been over the reasons why a major precious metals (PM) sector bull market is starting, and remarked on how undervalued silver is compared to gold, and how this is typical at the start of a major sector bull market. But it is worth "thumping the table" over this, because silver and silver investments may well be the best place of all to put your money at this time.
Many silver investors are manic-depressive and fanatical, which is a reality that we can turn to our advantage, for if we can figure when they are just starting to emerge from the depths of despair, it is the time to move into the sector in a big way.
They are just starting to emerge from the depths of despair right now as it happens, which is shown graphically by the silver-to-gold ratio, the basis of which is that when investors in the sector are at their most risk-averse, they tend to favor gold over silver. This is hardly surprising, as gold conjures up images of solidity and security to a much greater extent than silver, which is also known as "poor man's gold."
Read full article... Read full article...
Thursday, July 04, 2019
Gold Plunges Below $1,400 On the News of Trade War Truce / Commodities / Gold & Silver 2019
By: Arkadiusz_Sieron
Donald and Xi have confirmed their true and everlasting friendship now. Trade wars are over, it’s all rainbows and unicorns - and investors do not need safe havens anymore. Right? The celebratory mood feels great but let’s find out what the trade truce really means for the gold market.
Ufff, They Announce Trade Truce
The G20 meeting in Osaka, Japan, is behind us. Did I write “G20”? It should be “G2”, as the world’s focus was on the meeting between Donald Trump and Xi Jinping.
Read full article... Read full article...
Thursday, July 04, 2019
US Housing Market Is Booming, but Investors Are Still Too Scared to Invest in It / Housing-Market / US Housing
By: Stephen_McBride
The US housing market is booming.
This past month the number of Americans looking to buy a new house spiked to a three-year high. Mortgage applications jumped 40%.
And Quicken Loans, the US’s largest mortgage lender, had its best month in 30 years.
“The phone is ringing off the hook” CEO Jay Farner said in a recent interview.
Thursday, July 04, 2019
Stocks Can’t Even Rally on a Trade War “Cease Fire” / Stock-Markets / Stock Markets 2019
By: Graham_Summers
Yesterday’s market action was a MAJOR wake up call.
Stocks erupted 1.5% higher on announcements that the US/ China reached some form of a trade deal…
However, the rally barely lasted, giving up most of its gains by mid-day. It was only through a desperate end of the session manipulation (red box in the chart below) that stocks didn’t end the day flat.
Read full article... Read full article...
Wednesday, July 03, 2019
Investing to Profit and Benefit from Human Life Extension AI Stocks and Technologies / Companies / Healthcare Sector
By: Nadeem_Walayat
We are currently galloping full speed along an exponential curve that unlike the neural nets of the 1990's, that promised a lot but delivered very little, this time it really looks like we are on the verge of AI success, not only that but it heralds changes in every aspect of our lives most of which we cannot even imagine today, hence the term the singularity is often used, the AI event horizon beyond which we cannot see.
This my latest analysis on how to capitalise on the unfolding machine intelligence mega-trend through investing in leveraged to AI stocks, though artificial intelligence should more accurately be termed as Super Intelligence for AI will only be comparable to human intelligence for a brief period of time, perhaps no more than a few short months before AI starts leaving us behind, as we will largely remain stuck in that which our 1300cc or so of grey matter can process, where even the likes of today's Einstein's in comparison will have mice like cognition within a decade or so of the machine intelligence first surpassing humans that will likely prompt many to seek to merge with the machine intelligence to go beyond biological constraints to enhance cognitive abilities such as in memory storage and access.
Read full article... Read full article...
Wednesday, July 03, 2019
Transportation Index Warns Of Stock Market Trouble Ahead? / Stock-Markets / Stock Markets 2019
By: Chris_Vermeulen
Any weakness in the Transportation Index near current levels would indicate investors and traders believe the global economy may continue to contract going forward and may be an ominous sign for the global stock markets.
The Transportation Index is a measure of the current expectations related to shipping, trucking, trains and all measure of forward expectations for goods, products and raw materials to be moved across nations, seas, states, and locations. When the economy is gaining strength, we typically expect to see the Transportation Index moving higher. When the economy is weakening, we typically expect to see the Transportation Index moving lower.
Read full article... Read full article...
Wednesday, July 03, 2019
Stock Market Final S/T Push? / Stock-Markets / Stock Markets 2019
By: Andre_Gratian
Current Position of the Market
SPX: Long-term trend – Finallong-term phase on the way? How much longer, is the question.
Intermediate trend – The intermediate-term correction continues to unfold.
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.
Read full article... Read full article...
Wednesday, July 03, 2019
Bitcoin or Gold: Which Is More Bigly Yuge To Own? / Currencies / Bitcoin
By: Avi_Gilburt
Recently, the Winklevoss twins (who founded the Gemini crypto exchange) coined Bitcoin as ‘Gold 2.0.’ To support their perspective, they cited Bitcoin’s scarcity, its fungibility and its portability as meeting or exceeding that of the yellow metal.
Greyscale Investments, the company that has brought crypto based trusts to the US OTC market, recently ran ads urging investors to drop gold as a relic of the past in favor of cryptocurrency, which is ‘secure’, borderless, and in their direct words, ‘actually has utility’.
It seems that there are more and more comparisons between Bitcoin and gold, but is one better to hold more so than the other? Well, to be honest, each has a different ultimate purpose for which each is better suited.
Read full article... Read full article...
Wednesday, July 03, 2019
Forex Market Charts and Setups: GOLD follows our Path Down / Stock-Markets / Financial Markets 2019
By: QUANTO
Global equities rose on Monday as the G20 summit in Osaka fuelled optimism that trade tensions will ease, while havens fell out of favour and oil rallied on an extension of production cuts by Opec+ countries. The agreement between the US and China to resume trade talks and halt the imposition of further tariffs, fed hopes that the trade war may be easing up. European stock indices followed their Asian peers higher, with the international Stoxx 600 up 0.9 per cent, led by sectors sensitive to the outlook for trade relations. The Stoxx index tracking carmakers rose 2.1 per cent and Frankfurt’s Xetra Dax 30, home to a range of exporters, was up 1.8 per cent. London’s FTSE 100 rose 0.9 per cent. S&P 500 futures tipped US stocks to open up by over 1 per cent.
The move out of havens was brisk and set gold on course for its biggest single fall in a calendar year, down 1.7 per cent to $1,385.70. Japan’s yen weakened by 0.5 per cent to ¥108.38 per dollar. The yield on 10-year US Treasuries rose by 4.5 basis points as investors move out of the debt gathered pace, taking it to 2.0447 per cent. We had suggested the short gold trade here: GOLD TO FALL 10%. Currently Gold has cracked 1385.
Read full article... Read full article...
Wednesday, July 03, 2019
Freight Slowdown Is a Terrible Sign for the Economy / Economics / US Economy
By: Patrick_Watson
Just as an army moves on its stomach, an economy moves on ships, trucks, and planes. They carry the goods whose purchase adds up to growth.Nowadays many goods are digital, delivered electronically. But we still need lots of physical stuff which must travel to the customer.
Fewer goods in motion mean lower growth… and that’s exactly what is happening.
With technology, businesses have grown adept at managing inventory. Goods don’t typically sit on store shelves very long. Retailers stop ordering quickly when demand falls.
Lower freight volume is a symptom of a disease that’s getting worse.
Read full article... Read full article...
Wednesday, July 03, 2019
New US-Sino Trade Truce: Tougher Talks, More Economic Damage / Economics / Protectionism
By: Dan_Steinbock
During the G20 summit, China and US agreed to re-start the trade talks. As the US trade war is slowing China’s growth, the collateral damage is now spreading in the US economy, while undermining global prospects.Despite the White House’s efforts to lobby other countries against Huawei, President Trump also said that US companies can supply the technology giant, which the US, Department of Commerce blacklisted last month.
After Osaka, the negotiators face challenging obstacles, despite still another temporary timeout. Deep bilateral disagreements prevail about major structural issues.
Read full article... Read full article...
Wednesday, July 03, 2019
Re-examining a Popular Stock Market Long Term Bearish Signal / Stock-Markets / Stock Markets 2019
By: Troy_Bombardia
The stock market has been very choppy in the past year. Over the past few months, the yield curve has been extremely hyped-up in the media and social media. I found some interesting data that makes you re-think how useful the yield curve really is for marketing timing. Today’s headlines:
- Long term volatility is high
- VVIX tanked
- Weekend gap up
- Few -1% down days
- ISM PMI
- Gold’s sentiment is retreating
- How useful is the yield curve?
Wednesday, July 03, 2019
Playing the Stocks Bull Market Till the Music Stops / Stock-Markets / Stock Markets 2019
By: Submissions
The last week of June completed as an inside week that traded very close to within our expected 2969-2915 high-level consolidation range on the Emini S&P 500 (ES). The actual range for the week was 2961.75-2914.5.
Essentially, the market action started the consolidation late Monday. It backtested against 2915, a major must-hold level, with 2914.5 printed as the "sticksave" to become the low of the week by Wednesday June 26.
Read full article... Read full article...
Wednesday, July 03, 2019
Stock Index Trend Trading Strategy / Stock-Markets / Stock Index Trading
By: Chris_Vermeulen
Last week was a great week for trading as we locked in profits on a trade and raised our stops to protect the rest of our open positions.
take a look at how my trading system identifies trends, trades, and targets in the chart below.
Tuesday, July 02, 2019
GOOGLE Deep Mind Stock Investing to Profit from Machine Learning / Companies / Google
By: Nadeem_Walayat
Where to invest to profit from the exponential machine intelligence mega-trend. I have ranked these stocks in in terms of risk vs reward and volatility. Do remember that when investing in the stock market that your capital is at risk. There are NO SURE BETS!
If you've not already done so then watch my following video from November 2016 which illustrates why everything will start to change exponentially by 2021.
Read full article... Read full article...