Sunday, October 21, 2018
Gold Stocks Sentiment Shifting / Commodities / Gold and Silver Stocks 2018
The gold miners’ stocks have been largely ignored and neglected for years. Speculators and investors wanted little to do with them for various reasons. But that apathetic sentiment is finally starting to shift thanks to last week’s stock-market plunge. Capital is starting to return to this battered sector as traders begin to realize how radically undervalued it is. Sentiment mean reversions can catapult gold stocks far higher.
Sentiment is defined as “a thought, view, or attitude, especially one based mainly on emotion instead of reason”. We humans are inherently-emotional creatures riddled with sentiment on almost everything. That’s especially true in our perceptions of the financial markets, which heavily influence if not dominate our trading decisions. We buy and sell stocks when it feels good, when markets appear to validate our outlooks.
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Sunday, October 21, 2018
Why Is the Weakness In GBP/USD Likely? / Currencies / British Pound
In recent days, the British pound declined quite sharply against the greenback, which caused several negative developments. Will currency bears be strong enough to trigger further deterioration in the coming week?
EUR/USD – Double Bottom or Further Declines?
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Sunday, October 21, 2018
Stock Market Bubbles, Balloons, Needles and Pins / Stock-Markets / Stock Markets 2018
It’s no surprise that China has its own plunge protection team -but why were they so late?-, nor that Beijing blames its problems on Trump’s tariffs. GDP growth was disappointing at 6.5%, but who’s ever believed those almost always dead on numbers? It would be way more interesting to know what part of that growth has been based on debt and leverage. But that we don’t get to see.
So we turn elsewhere. How about the Shanghai Composite Index? It may not be a perfect reflection of the Chinese economy, no more than the S&P 500 is for the US, but it does raise some valid and curious questions.
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Saturday, October 20, 2018
The Incredibly Bullish Set-Up for Gold / Commodities / Gold and Silver 2018
Precious metals expert Michael Ballanger discusses the bullish set-up for gold and why he believes this time is different. For the first time in months, Fido the Wonder Dog has been in my office and at the foot of my bed 24/7 for the past few days giving me great solace that the current advance in precious metals prices is here to stay. Gone are his nervous tics every time my chair squeaks or when I give a little "Whoop-whoop!" at the sight of decent gold quote and most certainly absent are all of the caked mudballs in his fur from having to sleep (hide) under the tool shed.
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Saturday, October 20, 2018
Here Comes the Stock Market Retest / Stock-Markets / Stock Markets 2018
Over the past 2 days I’ve been demonstrating quantitative studies about why the U.S. stock market will probably retest its lows (here and here).
The retest wave is happening right now.
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Saturday, October 20, 2018
Checking Gold Stocks Valuations / Commodities / Gold and Silver Stocks 2018
It’s no secret that gold mining stocks are historically cheap and have been for several years.
Traditional metrics like price to cash flow and price to book value showed that gold stocks in late 2015 were at arguably their cheapest points since the start of the bull market in the 1960s.
Other metrics showed gold stocks to be the cheapest since the Roosevelt administration.
It has been almost a year since we examined some of these charts and with the sector moving closer to another epic low, we wanted an update.
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Saturday, October 20, 2018
Waterproof Camera - Olympus Tough TG-5 Setup and First Use / Personal_Finance / Travel & Holidays
If you have been looking for a rugged compact camera that you can go swimming with then you undoubtedly will have come across the Olympus Tough TG-5 that is priced towards the top of the range these cameras between £320 and £400, against an average price of about £200 for the range for waterproof cameras. So in this comprehensive series of videos we put the Olympus Tough TG-camera through it's paces to see if it actually delivers all that it promises. In this our 2nd video in this series we set-up and use a TG-5 Camera for the first time.
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Friday, October 19, 2018
Israel’s 50-Year Time Bomb, Pushing Palestinians to the Edge / Politics / Israel
Why Is the Trump Administration Compounding Palestinian Distress?
In the quest to change Israel's very nature, the Netanyahu government is pushing Palestinians to an edge - with the support of the Trump White House.
Recently, a report by the International Monetary Fund (IMF) warned that “deepening rifts between key stakeholders and surging violence in Gaza further imperil prospects for peace.” That should not come as a surprise anymore.
Friday, October 19, 2018
Savings – Not Tariffs Will Make America Great Again / Politics / US Politics
While the farcical Kavanaugh confirmation hearings dominated the news cycle for the past couple of weeks, little mention was made of a disturbing economic headline – the August US trade deficit. Despite all the bluster from the Trump Administration about “winning trade wars” and “trade wars are easy,” America’s trade imbalances for August were the highest ever and its deficit with its most contentious partner – China – reached an all-time high.
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Friday, October 19, 2018
Bitcoin Trend Analysis 2018 / Currencies / Bitcoin
Here's my latest update on the prospects for the Bitcoin price for the remainder of 2018 and beyond.
But firstly a recap of my forecast for 2018 which I published when the crypto was trading at USD 14,000, warning that the Bitcoin price was likely to continue crashing lower towards $5,000, a forecast that at the time was met with much denial from the bitcoin community that appeared to have pinned their hopes on the crypto revisiting $20k.
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Friday, October 19, 2018
Gold Would Not Enjoy That FOMC Is Going More Restrictive / Commodities / Gold and Silver 2018
“Policy would need to become modestly restrictive for a time.” This is the key quote from the recent FOMC minutes. This is not a reason for gold’s joy.
Fed Is Becoming More Hawkish
Yesterday, the Fed released minutes from the recent FOMC meeting. As everyone knows, the Committee hiked interest rates by another 25 basis points in September. But what about the future stance? Well, the minutes signal that the FOMC is going to be more hawkish in the near future (as we have been warning for some time). The key paragraph is as follows:
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Friday, October 19, 2018
History's Worst Stock Market Crash and the Greatest Investing Lesson! / Stock-Markets / Stock Market Crash
It's that time of the year again when the stock market doom merchants are at their most vocal as they focus on the historic apex of the darkest day of the darkest month for stocks of the year, October 19th, the 31st anniversary of the 1987 Black Monday that saw the stock market crash by an unprecedented 22% in just one day that few saw coming but ever since many prophesise the repeat of each October, regardless of what the stock market has actually been doling each year as the perma bear crowd can always be seen literally jumping up and down like demented rabbits proclaiming that a crash is once more imminent, pointing to a myriad of harbingers of the imminent stock market apocalypse such as the Hindenburg Omen. Against which the historic record paints a picture of a coin toss having proved infinitely more accurate than the perma crash is coming calls awaiting their broken clock moment to proclaim success.
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Friday, October 19, 2018
More Signs of a Stocks Bull Market Top and Start of a Bear Market in 2019 / Stock-Markets / Stock Markets 2018
More than 1 month ago I explained my main long term worry for the U.S. stock market:
Read full article... Read full article...The economy & the stock market move in the same direction in the medium-long term. Key economic indicators tend to deteriorate BEFORE bull markets end.
But here’s the tricky part. Sometimes leading economic indicators deteriorate JUST before bull markets end (i.e. only a few months before). Sometimes leading economic indicators deteriorate 2 years before bull markets end. This makes it hard to estimate the bull market’s exact top.
Thursday, October 18, 2018
Stock Market Detailed Map Of Expected Price Movement Before The Breakout / Stock-Markets / Stock Markets 2018
Our research team was hard at work over the past few days. Not only were they able to call this downside price swing 3+ weeks in advance, they also called the market bottom within 0.5% of the absolute lows. Now, they have put together a suggested “map” of what to expect in regards to price rotation, support, resistance and the eventual price breakout that we are expecting to happen near or after November 8~12. Today, we are sharing this detailed map with all of our followers.
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Thursday, October 18, 2018
Are You A Stock Investor Being Set Up For The Slaughter? / Stock-Markets / Stock Markets 2018
For many years, I have been a staunch bull. In fact, many commenters and contributors on Seeking Alpha and MarketWatch were quite vocal regarding how they thought I was crazy back in 2016 for expecting the market to go from 1800 to over 2600SPX, and potentially up through 3000. Needless to say, many of them remained bearish throughout that rally.
When many were extremely bearish in early 2016, I was pounding the table about a global melt up. When many were saying before the election that you should "sell everything if Trump gets elected," we were again pounding the table for a rally over 2600SPX "no matter who got elected."
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Thursday, October 18, 2018
Determining the Outlook for Gold Mining Stock / Commodities / Gold and Silver Stocks 2018
Gold miners completed the inverse head-and-shoulders pattern – it’s now a fact. And many analysts would have one believe that it’s the only fact that matters right now or that it’s of major importance. But just like focusing on one tree can make one miss the entire forest behind it, the above could make the entire precious metals outlook appear different than it really is. There are multiple factors in place and we will not cover all of them in this essay, but even in case of the mining stocks, there are many factors that gold promoters and those who put a lot of weight in the inverse H&S pattern in mining stocks, are usually not mentioning in their analyses. We’ll discuss some of those factors below.
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Thursday, October 18, 2018
Investor Alert: Is the Trump Agenda in Peril? / Stock-Markets / Financial Markets 2018
Is the Trump agenda in peril? It’s a question investors should consider ahead of the mid-term elections.
Up to now, the Trump economic agenda has certainly been great for Wall Street and much of the broader economy. The Dow Jones Industrials continues to defy all naysayers – notching yet another new record high in the first week of October before correcting.
Meanwhile, the latest GDP numbers show the economy growing at its fastest pace in over a decade, with official unemployment at generational lows.
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Thursday, October 18, 2018
Stock Market is Making a Sharp Rally After a Sharp Drop. What’s Next? / Stock-Markets / Stock Markets 2018
Today’s big bounce has some people comparing the current market environment to October 2014, when the stock market dropped quickly and surged back to new all-time highs quickly.
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Thursday, October 18, 2018
Global Warming (Assuming You Believe In It) Does Not Affect Gold / Commodities / Gold and Silver 2018
When the market, represented by SPDR Gold Trust (NYSEARCA:GLD), broke down below 117.40, and then followed below the next support in the 114 region, we were hyper-focused on the 109 region. Thus far, that is where GLD has bottomed out (in overnight action). From there, we were expecting a rally, and the market has not disappointed.
For the last two weeks, I have been outlining how the metals complex was bottoming out and setting up to rally to a minimum target of 116.25 in the GLD. But, if you read my analysis carefully, you would know that I am viewing this rally as a corrective rally, until the market is able to prove otherwise.
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Thursday, October 18, 2018
Bitcoin Technical Analysis / Currencies / Bitcoin
Pattern – the downtrend since the spike high looks to have slowed to crawl and I believe it can continue to drift lower.
Fibonacci – price has been making its way through the angles which is some consolation for the bulls. After trading a bit further down I believe price can rally and eventually crack above the 88.6% angle which may provide some temporary resistance.
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