Sunday, October 15, 2017
Bitcoin Powers Through To New Highs Near $6,000 While Jamie Demon Talks Trash / Currencies / Bitcoin
By: Jeff_Berwick
The Berwick Champagne curse has been broken.
Every time in the past I posted a photo of me with a champagne bottle after bitcoin had hit a new all-time high, it “crashed”. Or, at least it went down quite a bit before quickly retaking new highs.
Not this time, though! Shortly after posting that bitcoin had surged through $5,000 yesterday it continued on to hit a high over $5,700.
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Saturday, October 14, 2017
Q4 Pivot View for Stocks and Gold / Commodities / Gold and Silver 2017
By: Gary_Tanashian
Reference a post from August 11: Potential Pivots Upcoming for Stocks and Gold Stock Market Status
In the above-linked article we noted several legs that could be kicked out from under the S&P 500’s table in Q4 2017. The stock market blew right through one of them, which was a bearish (on average) seasonal trend for the 2nd half of September. No one indicator is a be all, end all. In sum, they define probabilities. But price is the ultimate arbiter and as of today, price says ‘still bullish’ (says Captain Obvious).
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Saturday, October 14, 2017
Is U.S. Unemployment at the Bottom? / Economics / Unemployment
By: Donald_W_Dony
The U.S. Unemployment rate and the markets have a direct opposite connection to each other. When one goes down (unemployment), the other (stock market) goes up.
The opposite is also true.
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Saturday, October 14, 2017
Gold Mining Stocks Q3’17 Preview / Commodities / Gold & Silver Stocks 2017
By: Zeal_LLC
With the third quarter’s earnings season now underway, the gold miners will soon join in and report their latest results. No data is more highly anticipated by investors, for good reason. Quarterly reports dispel the dense fogs of herd sentiment that usually obscure gold stocks, revealing their operations’ underlying fundamental realities. Q3’17’s upcoming results are likely to prove quite bullish for this neglected sector.
Four times a year publicly-traded companies release treasure troves of valuable information in the form of quarterly reports. Companies trading in the States are required to file 10-Qs with the US Securities and Exchange Commission by 45 calendar days after quarter-ends. The gold miners generally release their quarterly reports in the latter half of this span. So Q3’17’s will arrive between late October and mid-November.
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Saturday, October 14, 2017
Stock Market Crashes; the Greater the Deviation, the Better the Opportunity / Stock-Markets / Stock Market 2017
By: Sol_Palha
Ability is a poor man's wealth.M. WrenThe reaction when the market starts to correct is the same; run for the hills, the world is ending or some variation of that theme. However, if you spend a little time on looking at the history of the markets; one thing becomes clear. Those that panic gets hammered and those that remain calm walk away with the spoils.
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Saturday, October 14, 2017
U.S. Mint Gold Coin Sales and VIX Point To Increased Market Volatility and Higher Gold / Commodities / Gold and Silver 2017
By: GoldCore
– US Mint gold coin sales and VIX at weakest in a decade
– Very low gold coin sales and VIX signal volatility coming
– Gold rises 1.7% this week after China’s Golden Week; pattern of higher prices after Golden Week
– U.S. Mint sales do not provide the full picture of robust global gold demand
– Perth Mint gold sales double in September reflecting increased gold demand in both Asia and Europe
– Middle East demand likely high given geopolitical risks
– Iran seeing increased gold demand and Iran’s gold coin price up by 5%
– Trump’s war mongering could see demand accelerate
– Germany seeing very robust demand and now world’s largest gold buyer
Saturday, October 14, 2017
Yuan and Gold / Commodities / Gold and Silver 2017
By: Arkadiusz_Sieron
In the previous editions of the Market Overview, we have already analyzed the relationship between gold and some major world currencies, such as the U.S. dollar, the euro, or the Japanese yen. But what is the link between the Chinese yuan (officially: renminbi) and the yellow metal? Let’s check it out.
Saturday, October 14, 2017
Tips for Avoiding a Debt Meltdown / Personal_Finance / Debt & Loans
By: Boris_Dzhingarov
Debt is difficult to avoid at times. Most of us don’t have a spare $500k to buy a nice home and we can’t often afford to splash out on a new RV without taking out auto finance. But, whilst some debt is unavoidable, far too many people end up sinking into a quagmire of debt they have no chance of escaping.
Friday, October 13, 2017
US Dollar Outlook and What it Means for Gold / Commodities / Gold and Silver 2017
By: Jordan_Roy_Byrne
The US Dollar Index (USDI) bottomed in September a hair below 91.00 and has recently rallied up to 94. We were skeptical Gold would break its 2016 highs as it failed to show strong performance in the wake of the USDI’s decline to new lows. The market was discounting a coming rebound in the USDI and/or future weakness in Gold. In any event, although the USDI broke key levels which leave its bull market in question, it became quite oversold and was due for a sustained rebound.
Friday, October 13, 2017
Bitcoin Hits New All-Time High Above $5,000 As Lagarde Concedes Defeat and Jamie Demon Shuts Up / Currencies / Bitcoin
By: Jeff_Berwick
Bitcoin has just soared through $5,000 USD for the first time ever topping its old high of $4,950.72 on September 1st.
Friday, October 13, 2017
Golden Age for GOLD, Dark Age for the Stock Market / Commodities / Gold and Silver 2017
By: Enda_Glynn
I read that Christine Lagarde was out warning the world about the inherent risks in the global economy today.
It is all the more comical because she tempered her statement,
By saying that 2017 was on track to be the best year of the decade so far.
Well of course it is!
2007 was the best year of the decade before the last collapse happened.
1999 was a fantastic year before the dotcom bubble burst.
And I hear that 1928 was a stellar year, choc full of good news and great achievement!
Friday, October 13, 2017
New Record High on Bitcoin! Where to Next? / Currencies / Bitcoin
By: MarketsToday
Summary
Strong bullish trend continuation signal
Several, likely temporary initial targets derived from multiple Fibonacci measurements
Watch for temporary retracements for new opportunity to enter
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Friday, October 13, 2017
It Would Take A 50% Hike in Income Tax to Fund Current US Budget Deficit / Interest-Rates / US Debt
By: John_Mauldin
The projected total US debt will be $30 trillion within 10 years, using the CBO’s own numbers. But the CBO also makes the rosy assumptions that there will be no recessions and that GDP will grow at a 4% nominal rate.
Now, that’s possible; I'm inclined to haircut it a bit.
If you asked me to bet the “over/under” on the debt in 2027, I would bet the over at $35 trillion.
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Friday, October 13, 2017
World Stock Market Indices Have Much More Upside / Stock-Markets / Global Stock Markets
By: ElliottWave-Forecast
The Hang Seng Stock Index is a free float, adjusted market capitalization, weighted stock Market Index in Hong Kong. The Index records and monitors daily changes of the largest companies of the Hong Kong Stock Market. It is the main indicator of the overall market performance in Hong Kong. These 50 constituent companies represent about 58% of the capitalization of the Hong Kong Stock Exchange. At Elliottwave-Forecast, we have been tracking the Index sequences together with the FTSE 100 (The Financial Times Stock Exchange 100 Index). FTSE 100 is the share Index of the 100 companies listed on the London Stock exchange with higher market capitalisation.
Friday, October 13, 2017
Stock Market Excitement Builds As The Dow Reaches For The Sky / Stock-Markets / Stock Market 2017
By: Submissions
By Mike Golembesky : The Dow Jones Industrial Average continued to move higher, having only one red close since the low that was struck on September 26th. Furthermore, the Dow has now broken through a key longer-term Fibonacci resistance level that we had been watching for quite some time at the 22,707 level.
So although the Dow is quite stretched at current levels, the pattern still does look incomplete, thus leaving us with no solid signal of a top being in place just yet.
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Friday, October 13, 2017
The Struggle for Bolivia Is About to Begin / Politics / Emerging Markets
By: Dan_Steinbock
While middle class Bolivians are demonstrating against the incumbent president’s bid to extend term limits, the country is thriving after a decade of progress under Evo Morales. Recently, thousands of Bolivians took part in protests in San Francisco square in La Paz demonstrating against President Evo Morales’ bid to extend term limits.
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Friday, October 13, 2017
3 Reasons to Take Your Invoicing Process Mobile / Companies / SME
By: Submissions
Mara J writes: Are you a small business individual, an entrepreneur, freelancer, or all of the above?
Is cutting costs a priority for you? And not just costs meaning money, but the time spent on something as well?
Do you dislike being tied to your desk or find that by the time you get back to your workstation you might have forgotten a few details to include in the report or invoice?
If you answered yes to any or all these questions it’s time to take your billing (as well as other business matters) mobile! You probably have many apps that help with your business needs, but have your thought of invoicing?
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Friday, October 13, 2017
What Happens When Amey Fells All of a Streets Trees (Sheffield Tree Fellings) - Video / Local / Sheffield
By: Anika_Walayat
Once Upon a Time there was a Street Full of Tree's, then Amey Came! This is a story of what happened to 1 street that was purged by the Labour Sheffield City Council's PFI contractor Amey of all of its trees. That illustrates what is happening across the city to hundreds of Sheffield's biggest trees that soak up vehicle pollution and releasing oxygen into the streets, which is why they were planted in the first place typically over a 100 years ago to help clean up Sheffield's toxic air environment of that time which given the volume of traffic remains just as toxic now as it was then.
Thursday, October 12, 2017
Tesla - Can A Company Be Great And A Great Short? / Companies / Electric Cars
By: John_Rubino
One of the fascinating things about financial bubbles is how they transform great companies into screaming short sale candidates. Put another way, bear markets tend to throw even the prettiest babies out with the bathwater.
Here, for instance, is what happened to Cisco Systems, the dominant maker of networking gear (the devices that run the Internet) when the 1990s tech stock bubble burst, bankrupting many of its customers and causing its earnings to miss expectations. Its stock fell by more than three-fourths and those who had bought it during the previous year’s euphoria got hosed.
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Thursday, October 12, 2017
Stock Market Charts Show Smart Money And Dumb Money Are Moving In Opposite Directions—Here’s Why / Stock-Markets / Stock Market 2017
By: John_Mauldin
BY STEPHEN MCBRIDE : While all seems calm in the markets, with stocks continuing to hit all-time highs, an interesting trend has emerged underneath the surface.
Combing through the latest Commitments of Traders report from the CFTC, we found that commercial traders (“smart money”) have a record number of short positions in the Dow Jones (DJIA).
At the same time, noncommercial traders (“dumb money”) have a record number of long positions.
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