Tuesday, July 11, 2017

Gold Bull or Bear? Elliot Meets Bressert / Commodities / Gold and Silver 2017

By: SurfCity

I would like to provide an update on what my expectations are with respect to Gold and PMs for the remainder of 2017.

First off, I now no longer feel that early May hosted the ICL for Gold and PMs but I do expect an ICL to unfold in Gold over the next week or so (see my last chart of this post). This update will focus mostly on Cycles analysis but will also bring in some elements of Elliot Wave (EW) Theory that will give you some insight of what I am looking for at the next Intermediate Cycle Low (ICL) in Gold.  While I am not an EW expert or practitioner, I do understand its concepts and basic rules enough to use it in conjunction with my Cycle work.  Both methodologies try to use Major Lows to determine the direction of the longer Cycles or Waves.

Tuesday, July 11, 2017

Stage Analysis Gold and US Dollar / Currencies / US Dollar

By: SurfCity

This post will use Weinsteins Stage Analysis to examine where we are in both Gold and the USD. For this analysis, I will use Weekly charts and highlight the Weekly 30ema as a guidepost for our analysis.

https://goldtadise.com/?p=394282

First lets start with a bit of History and go back to 1998 to 2002 to examine the transition in Gold and the HUI from Stage 4 Bear, to Stage 1 Basing to Stage 2 Bull Market.

Tuesday, July 11, 2017

Stock Market Rally May be Over / Stock-Markets / Stock Market 2017

By: Anthony_Cherniawski

SPX futures are breaking down to the trendline, but may not have crossed it yet. SPX passed the 12.9 market day interval for its decline yesterday afternoon. There may be either 8.6 more days, taking the SPX to July 20 (the day before options expiration) or another 12.9 days taking the SPX to the Wednesday following Options expiration. Either way, it may be a wild ride.

ZeroHedge reports, “U.S. index futures point slightly lower open. Asian shares rose while stocks in Europe fell as energy producers got caught in a downdraft in oil prices and reversed an earlier gain after Goldman unexpectedly warned that WTI could slide below $40 absent "show and awe" from OPEC. The dollar rose, hitting a four-month high against the yen and bonds and top emerging market currencies were back under pressure on Tuesday, following last week’s hawkish rhetoric from central bankers.”

Tuesday, July 11, 2017

Silver Price Plunge Is Nearing Completion / Commodities / Gold and Silver 2017

By: GoldCore

– Silver’s plunge is nearing completion – Bloomberg analyst
– Silver’s 10% sharp fall in seconds remains “mystery”
– Plunge despite anemic global supply and strong demand
– Total silver supply declined in ’16 – lowest level since ’13
– Silver mine production down in ’16, first time in 14 years
– Total silver supply decreased by 32.6 Mln Ozs in 2016
– Supply deficit in 2016- fourth consecutive year (see table)
– “Falling knife” caution but opportunity presenting itself

Tuesday, July 11, 2017

USDJPY Time for a Minor Correction / Currencies / US Dollar

By: Enda_Glynn

My Bias: LONG
Wave Structure: rally in wave [C]
Long term wave count: wave [C] is underway, upside to above 136.00
Important risk events: JPY: n/a. USD: JOLTS Job Openings, FOMC Member Brainard Speaks.

Tuesday, July 11, 2017

One-year Fixed Savings Interest Rates Hit Highest Level Since Base Rate Cut / Personal_Finance / Savings Accounts

By: MoneyFacts

It’s now been 11 months since the Bank of England cut the base rate to 0.25%, and many savers will have felt the impact. Thankfully, there have been some signs of life recently, with challenger banks increasing rates considerably on their one-year fixed rate bonds.

According to the latest research by moneyfacts.co.uk, the average one-year fixed bond rate has now hit 1.11%, which is the highest recorded rate since 4 August 2016.

Tuesday, July 11, 2017

Gold Price Remains in Downtrend from 1295.94 / Commodities / Gold and Silver 2017

By: Franco_Shao

After breaking below the major support trend line from the January 27 low of 1180.51 to the May 9 low of 1214.17 on its daily chart, XAUUSD continued to break below the key support at 1214.17, confirming that the uptrend from the December 2016 low of 1122.56 had completed at the June 6 high of 1295.94 already.

Tuesday, July 11, 2017

Soaring Global Demand for Lithium Presents Triple-Digit Profit Scenario / Commodities / Lithium

By: WallStreetNation

Tuesday, July 11, 2017

California Communists at War with America / Politics / US Politics

By: BATR

There has always been a distinct California disconnect from the heartland. Anyone who has travelled the lower 48 knows that the allure of El Dorado panned out when the gold mines ran out of bullion. That appeal transformed into a fantasy stargaze that has little to do with the values and traditions of our long history as a nation. In order to understand the query, California Dreaming or a Nightmare?; one needs to appreciate the reasons why the population migration has shifted over time.

Tuesday, July 11, 2017

Gold Price Outlook Increasingly Bullish / Commodities / Gold and Silver 2017

By: The_Gold_Report

Technical analyst Clive Maund is scouring the charts and finds strong bullish developments for gold that could mark the start of a growth phase.

I had thought that gold might escape its usual seasonal malaise this year, but it didn't and went into a rather sharp downtrend and dropped again quite sharply on Friday. The good news though is that this drop has not impacted the big picture at all, which remains strongly bullish, and a bonus is that this drop has flushed out a lot of remaining weak hands, as we will see when we come to the latest COT (Commitment of Traders) charts and set the sector for a reversal soon leading to a strong uptrend.

Tuesday, July 11, 2017

Sheffield Street Tree Protestors / Campaigners vs Amey Labour City Council 2017 / Local / Sheffield

By: Anika_Walayat

Sheffield tree protestors vs Amey's unnecessary plan to kill and remove at least 6000 of Sheffield's 35,000 street trees. Virtually all of the trees being removed are mature healthy trees so that Amey does not have to undertake maintenance for the duration of their 25 year contract, such as annual pruning or installation of solutions such as flexi-paving as is widespread elsewhere.

Monday, July 10, 2017

Lindsay Stock Market Cycle Correction / Stock-Markets / Stock Market 2017

By: Ed_Carlson

Long-time readers know of Lindsay’s long cycle (points A through M) and that equities should now be in the final basic advance between point I and the secular bull market top at point J.

A basic advance is the equivalent of a cyclical bull market. A basic decline is usually the equivalent of a cyclical bear market but may not always reach the arbitrary 20% sell-off used by the media to define such a decline.

Monday, July 10, 2017

Yellen Goes on Record: The Fed’s Pulling the Plug This Year / Stock-Markets / Financial Markets 2017

By: Graham_Summers

The Fed keeps ringing bells to signal the top, but the markets aren’t listening.

Janet Yellen is set to present the Fed’s Monetary Report to Congress this week. Her remarks have already been posted online.

The results aren’t pretty.

Monday, July 10, 2017

Futures Markets Give High-Volume Gold, Silver Trading Discounts to Governments / Commodities / Gold and Silver 2017

By: MoneyMetals

Mike Gleason (Money Metals Exchange): It is my privilege now to welcome in Chris Powell, Secretary-Treasurer at the Gold Antitrust Action Committee, also known as GATA. Chris is a long-time journalist and hard money advocate, and through his tireless efforts at GATA he is working to expose the manipulation of the gold and silver markets. Through GATA's work over the years. Some important revelations have come to light, which quite honestly should concern everyone.

Monday, July 10, 2017

UK Mortgage Inetrest Rates Reach New Lows Despite Growing Economic Pressures / Housing-Market / Mortgages

By: MoneyFacts

Moneyfacts UK Mortgage Trends Treasury Report data highlights that both the average two-year fixed rate and the two-year variable rate have fallen to their lowest point on Moneyfacts records, defying economic indicators.

Monday, July 10, 2017

Bitcoin Is Forming A Triangle Pattern / Currencies / Bitcoin

By: Franco_Shao

After hitting a highest record at 2889, BTCUSD fell sharply to 2251, and is now forming a triangle pattern on its 4-hour chart. All we need to do now is wait for a break out of the pattern.

Monday, July 10, 2017

... / Companies / Cyber War

By: OilPrice_Com

Monday, July 10, 2017

Gold Stocks Summer Bottom / Commodities / Gold and Silver Stocks 2017

By: Zeal_LLC

The gold miners’ stocks have drifted lower over the past month, slumping back to major support.  This weakness has naturally intensified the bearish psychology engulfing this small contrarian sector, traders want nothing to do with it.  Yet summers typically see gold and its miners’ stocks meander sideways to lower.  These summer doldrums spawn the best seasonal buying opportunities of the year in gold stocks.

Seasonality is the tendency for prices to exhibit recurring patterns at certain times during the calendar year.  While seasonality doesn’t drive price action, it quantifies annually-repeating behavior driven by sentiment, technicals, and fundamentals.  We humans are creatures of habit and herd, which naturally colors our trading decisions.  The calendar year’s passage affects the timing and intensity of buying and selling.

Monday, July 10, 2017

How to Accurately Forecast the UK General Election in Nine Steps / ElectionOracle / UK General Election

By: Nadeem_Walayat

In early April everything appeared to be going smoothly for Britain, Article 50 had been triggered without any significant political opposition apart from the SNP's shrill cry for another independence referendum from north of the Scottish border. But then Theresa May made the fatal mistake of believing the tripe that calls itself Britain's polling industry, that convinced her that a snap general election would yield a landslide victory, thus strengthening her hand in the about to begin BrEXIT negotiations.

And so started Britain's decent into chaos, an election campaign that had many Tory supporters asking if Theresa May was actually trying to lose the election by her antics most notable of which was her u-turn on the manifesto dementia tax. Whilst on the other hand the mainstream media was totally blind to the way Jeremy Corbyn was galvanising the anti-austerity vote, where every pundit and forecaster without exception right up until the polls closed on June 8th expected the Conservatives to win with an INCREASED majority, on a tally ranging to as high as 414 seats, though most clustered around 365 seat for the Tories.

Monday, July 10, 2017

Gold Multi-month Consolidation Continues but Should Near Completion / Commodities / Gold and Silver 2017

By: The_Gold_Report

Technical analyst Jack Chan charts the latest moves in the gold and silver markets.

Our proprietary cycle indicator is down.