Tuesday, October 24, 2017
Gold Miners Could Be Setting Up For A Big Hit Into Year End / Commodities / Gold and Silver 2017
By: Avi_Gilburt
As I read through the blogs and public articles on miners and the GDX, it has become quite evident that many have now turned either bearish or completely indifferent to this complex. In fact, it seems as though the number of hits being seen in the Seeking Alpha metals section has dropped dramatically over the last year.
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Tuesday, October 24, 2017
Gold Price Under $1000 Is A Very Real Possibility / Commodities / Gold and Silver 2017
By: Kelsey_Williams
After gold peaked in January 1980 at $850.00 per ounce, it dropped in price by two-thirds (66%) over the next five years. The low in February 1985 was $284.00 per ounce.
At that point it began a strong move upwards over a three-year span peaking at just under $500.00 ($499.75) per ounce in December 1987. That translates to an increase of seventy-six percent.
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Tuesday, October 24, 2017
US Dollar Getting Ready to Rally Implications for Gold / Commodities / Gold and Silver 2017
By: The_Gold_Report
Technical analyst Clive Maund discusses the outlook for the U.S. dollar and its implications for gold.The dollar is getting ready for a sizable rally, and that means that gold and silver are going to be knocked back again. Longer term however, the outlook for the Precious Metals could scarcely be better, as we will see.
In last weekend's update it was pointed out that gold's gap breakout from its steep downtrend shown on its latest 6-month chart below was probably false and that it was expected to drop back as the dollar advanced, which it duly did last week. Bearing in mind that the dollar has about completed its Head-and-Shoulders bottom, it is now clear that a parallel Head-and-Shoulders top is completing in gold as shown on the chart. This chart projects a breakdown beneath the nearby support level to be followed by a drop targeting the quite strong support in the $1200–$1215 area.
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Monday, October 23, 2017
Why Bitcoin can pullback from $6100 – $6800? / Currencies / Bitcoin
By: ElliottWave-Forecast
Bitcoin continue it’s outstanding performance as it managed to breach the $6000 barrier this weekend, it currently up 200% from 07/16 low and with a total of 500% for this year. The rally from $1830 low is represented by 3 swings subdivided into 5 waves rally then 3 waves pullback followed by another 5 waves.
This type of move can be either labeled as 3 waves Zigzag Structure which can end around equal legs area $6100 – $6800 or it can be part of a 5 waves move which means BTCUSD still needs to extend further toward $8000 as the most powerful 3rd wave move usually reach the 1.618 Fibonacci extension level.
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Monday, October 23, 2017
Germany’s Delegation To Russia Signals That Merkel Is Looking For New Allies / Economics / Russia
By: John_Mauldin
BY GEORGE FRIEDMAN : A delegation of executives from major German corporations recently met with Russian President Vladimir Putin.
Such delegations are not unusual. Sometimes it is routine, sometimes a courtesy. But occasionally, it has significance. In the case of Russia-Germany relations, such meetings are always potentially significant.
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Monday, October 23, 2017
Stock Market Lemmings in Full Gallup Towards Cliff / Stock-Markets / Stock Market 2017
By: Michael_Pento
Its official…the stock market has broken above 23,000, and its valuations should now scare even the most mind-numbed carnival barker on Wall Street. The forward 12-month PE ratio is 18, compared to the 10-year average of just 14. The 12-month trailing PE for Pro-forma earnings, which takes into account non-recurring items that seem to recur ever quarter, is trading at 20 times earnings. But on a reported earnings basis—the number you report to the SEC under penalty of the law and according to GAAP standards--the 12-month trailing PE is 25.5 times earnings.
Monday, October 23, 2017
Debt-Driven Consumer Economy Breaking Down / Commodities / Gold and Silver 2017
By: MoneyMetals
Mike Gleason: It is my privilege now to welcome in Greg Weldon, CEO and President of Weldon Financial. Greg has over three decades of market research and trading experience, specializing in metals and commodity markets and even authored a book in 2006 titled Gold Trading Bootcamp, where he accurately predicted the implosion of the U.S. credit market and urged people to buy gold when it was only $550 an ounce.
He is a highly sought-after presenter at financial conferences throughout the country, and is a regular guest on financial shows throughout the world, and it's good to have him back here on the Money Metals Podcast.
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Monday, October 23, 2017
Next Wall Street Stock Market Crash Looms? Lessons On Anniversary Of 1987 Crash / Stock-Markets / Financial Crash
By: GoldCore
– Next Wall Street Crash looms? Lessons on anniversary of crash
– 30 years since stock market ‘Black Monday’ crash of 1987
– Dow Jones Industrial Average fell 22.6% on October 19, 1987
– S&P 500, FTSE and DAX fell 20%, 11% & 9% respectively
– Gold rose 24.5% in 1987 (see chart), acting as safe haven
– Prior to crash, stocks hit successive record highs despite imbalances
– Imbalances that lead to 1987 crash are much worse today
Monday, October 23, 2017
This Super Metal Is Set To Soar By 300% / Commodities / Graphene
By: OilPrice_Com
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Monday, October 23, 2017
More New Record Highs As S&P 500 Gets Closer To 2,600 Mark / Stock-Markets / Stock Market 2017
By: Paul_Rejczak
Briefly:
Intraday trade: Our Friday's intraday trading outlook was neutral. It proved wrong because the S&P 500 index gained 0.5%, following higher opening of the trading session. The broad stock market accelerated its uptrend on Friday. There have been no confirmed negative signals so far. On the other hand, we still can see some short-term overbought conditions. Therefore, we prefer to be out of the market today, avoiding low risk/reward ratio trades.
Monday, October 23, 2017
First-time Home Buyers Already Facing Interest Rates Rrise Shock / Housing-Market / Mortgages
By: MoneyFacts
The latest research from moneyfacts.co.uk shows that while the average two-year fixed mortgage rate has experienced an increase at all loan-to-values (LTVs) in the past month, rates at 95% LTV have been the hardest hit, showing a 0.10% increase from September compared to a 0.03% increase in the average rate at 60% LTV.
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Monday, October 23, 2017
USDCHF Broke Above Major Bearish Trend Line / Currencies / Forex Trading
By: Franco_Shao
USDCHF extended its upside movement from 0.9420 to as high as 0.9863, breaking above a major bearish trend line on the daily chart, confirming that the downtrend from 1.0343 had completed at 0.9420 already.
Monday, October 23, 2017
Another Minor Stock Market Top? / Stock-Markets / Stock Market 2017
By: Andre_Gratian
Current position of the market
SPX: Long-term trend – The bull market is continuing with no sign of a major top in sight.
Intermediate trend – Soon coming to an end.
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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Sunday, October 22, 2017
Bitcoin Hits $6,000, $100 Billion Market Cap As Helicopter Ben and Jamie Demon Warn The End Is Near! / Currencies / Bitcoin
By: Jeff_Berwick
Bitcoin rose more than 6% today to surpass, for the first time ever, the $6,000 US mark.
More interestingly, bitcoin just surpassed $100 billion in total market capitalization. Or, as Coindesk puts it, $0.1 trillion.
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Sunday, October 22, 2017
China and Ratings Agencies’ Double Standards / Stock-Markets / China Credit Crisis
By: Dan_Steinbock
Or why is China being penalized for its debt problem, but advanced economies aren’t?Today, rising debt is one of China’s key challenges. Recently, it led to the mainland’s rating cut by ratings agencies. Yet, many advanced economies have higher credit ratings than China, though their leverage ratios are worse.
In May 2017, Moody’s Investor Service downgraded China’s credit rating. In September, Standard & Poor’s, too, cut China’s credit rating, citing the risks from soaring debt.
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Sunday, October 22, 2017
The Xi Decade: New Thought for the New Era / Politics / China
By: Dan_Steinbock
In the Xi decade, Chinese transition to the post-industrial society will accelerate, despite the new normal in the world economy.As the 19th National Congress of the Communist Party of China opened in Beijing, General Secretary Xi Jinping delivered a report about “building a moderately prosperous society” for a new era.
In his speech, Xi delivered a blueprint for China’s development for the next 5-15 years. In the process, he defined new thought for a new era.
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Sunday, October 22, 2017
Warning A Crash is Coming: the Stock Market Rally is on VERY Thin Ice / Stock-Markets / Stock Market Crash
By: Jeff_Berwick
The market is on the verge of something serious.
For months we’ve been climbing steadily in a tighter range. Stocks have been BEYOND overbought having gone 300 days without even a 3% pullback.
This latest move has formed a sharp rising wedge pattern that has just broken out to the downside. Stocks need to SERIOUSLY reverse and go parabolic here or the trend has changed.
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Sunday, October 22, 2017
Time for Caution in Gold Miners / Commodities / Gold and Silver Stocks 2017
By: Jordan_Roy_Byrne
Last week we noted the likely negative impact of a sustained rebound in the US Dollar on Gold. Recent weakness in precious metals has not been much of a surprise considering the sector’s relative weakness months ago amid a weak US Dollar. While the greenback has bottomed, it has yet to push above resistance at 94. Nevertheless, Gold and in particular the gold stocks are threatening more losses even before a push higher in the greenback. It is time to be defensive and cautious.
Saturday, October 21, 2017
“Great Rotation” Ahead; Will it Be Inflationary or Deflationary? / Interest-Rates / US Bonds
By: Gary_Tanashian
[edit] This article ultimately leans toward the view that the reasons for a rising curve will be inflationary. But I woke up in the middle of the night and my thoughts drifted to the components of the article (yeah, that’s pretty sad, I know), and with further consideration I am leaning toward neutral or even a bit into the deflationary camp. The reasons will be the stuff of another article.
Think back to the blaring headlines about the Great Promotion Rotation in the financial media in 2013. Perhaps the media circus started in January of that year when The Economist asked the question of whether the rise in bond yields signaled a “flight” out bonds and into equities. It was probably an earnest and right minded question asked by The Economist, but you know our friends in the greater financial media; get a good story and flog the hell out of it to harvest eyeballs. Reality be damned, man, it’s the eyeballs that matter!
Saturday, October 21, 2017
The Trigger for Volatility, Rates and the Next Crisis / Stock-Markets / Financial Crisis 2017
By: Harry_Dent
If you’ve read any of my work, you know I think the iceberg that will ultimately sink the global Titanic is China. It has the greatest overbuilding and debt bubble in history, not to mention the obvious real estate and stock market bubbles.But the Chinese government has too much control over its economy to just let it slide. No. China won’t be the first domino to fall. Rather, the dubious honor may go to lovely and charming Italy.
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