Wednesday, May 31, 2017

YouGov Shock Hung Parliament Poll, Labour Could Win General Election 2017! / ElectionOracle / UK General Election

By: Nadeem_Walayat

The media has gone into a frenzy over YouGov's latest poll and resulting seats forecast that creates an illusion of a tight election race when in probable reality no such tight race exists. So the mainstream media has been busy all day reporting on YouGov's headline grabbing shock poll of the Tories losing 20 seats on their current standing by falling to 310, whilst Labour adding about 30 rising to 257 seats resulting in a Hung Parliament. Implying a nightmare election scenario of a weak Labour government controlled by the SNP that like vampires would seek to bleed the United Kingdom dry of its financial blood which has already had an immediate effect on the markets by sending sterling temporarily lower with the real world impact as holiday markers now get less foreign currency for their sterling.

Wednesday, May 31, 2017

Will there be Another New Stock Market High? / Stock-Markets / Stock Market 2017

By: Anthony_Cherniawski

Good Morning!

This morning’s SPX futures are higher, suggesting at least a challenge of the 2418.71 high if not a new high. The decline from Thursday’s high does not appear impulsive, so the chances are better than even for another attempted high. Right now the best estimate for a new high would be the Cycle Top at 2421.48…just in time for the quarter-end.

ZeroHedge reports, “t has been another quiet session for global equity markets, with S&P futures flat, as are European and Asian stocks, which is perhaps odd, as there was quite a bit of newsflow and, in the case of China, outright fireworks.

Wednesday, May 31, 2017

Silver Elliottwave Followup: Looking for 16.90 / Commodities / Gold and Silver 2017

By: Submissions

Hoag Trading : Talking Point:

Technical Strategy: Turning Bearish
Elliottwave View: Progressing reversal.

Wednesday, May 31, 2017

USDCNH Remains in Downtrend from 6.9171 / Currencies / Forex Trading

By: Franco_Shao

After breaking below the triangle pattern on its daily chart, USDCNH dropped sharply to as low as 6.8010. Now the pair stays in a descending price channel on its 4-hour chart, indicating that the pair remains in the downtrend from the May 9 high of 6.9171. As long as the pair is in the channel, the price action from 6.8010 could be treated as consolidation of the downtrend.

Wednesday, May 31, 2017

The New Stocks Bull Market of 2017! / Stock-Markets / Stocks Bull Market

By: Chris_Vermeulen

I cannot stress strongly enough the importance of understanding where the markets are currently technically located, with regards to different time frames and which help to guide all my trading and investing decisions.

The longer that the SPX is inside a ‘consolidation pattern’ and going sideways, the bigger the ‘Break Out’. There is a very strong bullish posture on all time frames within the markets. A unique ‘Sentiment Indicator’ has now been reset from being overbought to oversold, therefore, there is huge potential to the upside. Momentum has been reset!  In my market article review, from last February 28^th, 2017, I discussed that the “Stealth ‘Bull Market’ In Stocks Is Still In Progress!”.

Wednesday, May 31, 2017

Tory Election Landslide, Labour Decapitation Bloodbath / ElectionOracle / UK General Election

By: Nadeem_Walayat

If the opinion pollsters are to be believed and the Labours worst nightmare comes true with Theresa May winning the election on an vastly increased majority, on a total of over 400 seats. A bloodbath for Labour losing as many as 60 seats, falling from 229 to under 170 resulting in the decapitation of the Labour party, losing many of Labours front benchers and rising stars, leaving behind mostly old dinosaurs who have long passed their electoral hay day.

Wednesday, May 31, 2017

China’s Belt and Road to Nowhere / Politics / China

By: Michael_Pento

Moody’s Investors Service downgraded China’s credit rating recently to A1 from Aa3. The rational being that it expects the financial strength of the economy to erode, as GDP growth slows and debt levels continue to pile up. What is Beijing’s response to the slowing economy and intractable debt accumulation that was just underscored by Moody’s: issue a mountain of new debt in order to pave over 60 countries around the globe?

Wednesday, May 31, 2017

Gold Price Seasonal Low / Commodities / Gold and Silver 2017

By: Ed_Carlson

Gold rallied $14.90/oz. last week closing at 1,267.60. On Friday, gold printed a gravestone doji candlestick (bearish). Seasonality is bearish in June. The June/July period has a strong tendency to mark a low. In addition, a 40-wk cycle low is due in July. Despite a whipsaw in Nov-Jan, the 34mo moving average is a good indicator of trend. Currently, gold is above the moving average keeping the long-term trend bullish.

Wednesday, May 31, 2017

YouGov Shock Fake Poll Shows Conservatives Losing Election, Hung Parliament / ElectionOracle / UK General Election

By: Nadeem_Walayat

YouGov appears determined to garner the most publicity by continuing to publish what in my opinion are FAKE POLLS that will never reflect reality, only purpose being to feed the mainstream media machine eager to create an illusion of a tight election race when no such race exists. And so the Times reports YouGov's headline grabbing shock poll of the Tories losing 20 seats falling to 310 whilst labour adding about 30 rising to 257 resulting in a Hung Parliament, a nightmare scenario of a weak Labour government controlled by the SNP that like vampires would seek to bleed the United Kingdom dry of its financial blood.

Tuesday, May 30, 2017

Bitcoin Price Sees Most Important Action in Years / Currencies / Bitcoin

By: Mike_McAra

Bitcoin is right after a period of pullback from the recent all-time high. Is this move only a temporary correction or a beginning of a more sustainable move down? In an article on CNBC, we read:

Nearly $4 billion has been wiped off of the value of bitcoin in the past four days after a correction that has seen the cryptocurrency's price fall almost 19 percent from its recent record high.

On May 24, bitcoin hit an all-time high of $2.791.69. But on Monday, the digital currency was trading at an intra-day high of $2,267.73, marking a more than $520 drop or 18.7 percent decline since the record high, according to data from CoinDesk.

Tuesday, May 30, 2017

Preparing for THE Bottom: Part 1 - Gold / Commodities / Gold and Silver 2017

By: P_Radomski_CFA

If we look at gold from the long-term perspective, it’s clear that it hasn’t really done much in the recent months – it’s trading in the $1,200 - $1,250 range, which is where it was in the first half of 2016, first half of 2015, for most of 2014 and in the second half of 2013. Overall, despite short-term and medium-term price swings, not much has happened in the past few years.

Tuesday, May 30, 2017

Why Sharia Gold and Bitcoin Point to a Change in Views / Commodities / Gold and Silver 2017

By: GoldCore

• New gold-backed currency OneGram launched
• Backed by one-gram of gold, uses blockchain technology
• OneGram is first in wave of new Shariah, tech-savvy gold products
• 2017 sees big changes for gold thanks to Shariah gold and blockchain
• Gold investors should prepare for tightening in supply
• Bitcoin and shariah gold demand suggest change in retail investor thinking

Tuesday, May 30, 2017

Credit Cards 0% Purchase Market Competition Heats Up / Personal_Finance / Credit Cards & Scoring

By: MoneyFacts

The credit card market has seen competition ramp up of late, with lenders fighting to sit at the top of the Best Buys. In the past, the lenders’ attention was focused mainly on the balance transfer market, however, research from moneyfacts.co.uk shows that introductory purchase cards are now benefitting from this fierce competition as well, with the average number of days available interest-free for purchases having increased by 37% in just one year.

Tuesday, May 30, 2017

SNP Publish Latest Scottish Independence Suicide Note Manifesto / ElectionOracle / UK General Election

By: Nadeem_Walayat

The SNP appear to have just copied and pasted what every SNP manifesto has been for past few years. One of ever-endums, supplemented by whatever the tunnel vision minds of fanatical nationalists can conjure up in an attempt at subverting BrExit. The latest are demands to be part of the UK's BrExit negotiation team so that Scotland can ensure that whilst the UK leaves, Scotland remains part of the EU single market, ignorant of the fact that this would mean that Scotland would leave the UK SINGLE MARKET! Which as I will explain would destroy the Scottish economy.

Tuesday, May 30, 2017

USDCAD Is Facing Channel Support / Currencies / Canadian $

By: Franco_Shao

USDCAD has reached the bottom trend line of the ascending price channel on its daily chart which acts as support for the upside movement. As long as the price is above the bottom trend line, the pair remains in bullish structure and the fall from May 5 high of 1.3793 could be treated as correction of the uptrend from January 31 low of 1.2968, another rise towards 1.4000 could be expected after the correction. All we should do now is to wait for the breakout to occur.

Tuesday, May 30, 2017

A New (questionable) Stock Market Uptrend? / Stock-Markets / Stock Market 2017

By: Andre_Gratian

Current Position of the Market

SPX Long-term trend:  Uptrend continues with a notable loss of upside momentum.

SPX Intermediate trend:  The correction from 2400 on 3/08 continues, with a B-wave still likely despite a new high.

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 discuss longer market trends.

Tuesday, May 30, 2017

What is the Best Way to Support Veterans? / Politics / US Military

By: BATR

Since the abolishment of the draft, volunteers have manned the military. By professional armed services standards, this conversion has produced the most efficient and competitive war machine ever. However, what escapes this simplistic viewpoint is that the forces deployed "To Kill People and Break Things", are used to expand and perpetuate an empire, while forgoing an actual defense of our nation. Decisions to police the world are made by non elected agencies, who essentially formulate the detailed policies that shed the blood of soldiers and drain the treasure of the country. Presidents and politicians talk about the hard determinations to place service personnel in harm's way, but it is the military-industrial-complex that does the grunt work in staging the logistics and directing what theater of operations the grand imperial military can operate.

Tuesday, May 30, 2017

Currencies, and Some ‘Out There’ Thoughts on Inflation, Stocks, Gold and Miners / Stock-Markets / Financial Markets 2017

By: Gary_Tanashian

Uncle Buck’s index is weak and the SMA 50 is crossing below the SMA 200. Before long we will be reading about it in the media. Now let’s consider a theme we’ve promoted for years; when the media trumpet a “DEATH CROSS!” * it is time to brace for the opposite implication to the media’s bearish promotion. Our view has after all, included a decline to the mid-90s for the index. Meanwhile, USD/JPY is decent right at the SMA 50, USD/EUR and USD/CHF are at lateral support and USD is at least neutral vs. the Commodity currencies.

Tuesday, May 30, 2017

UK General Election 2017 BrExit Factor Hidden from Pollsters Swing? / ElectionOracle / UK General Election

By: Nadeem_Walayat

If your not already aware of the Brexit factor then it is an anti-establishment invisible to the pollsters swing of between 2-4%, which is why the pollsters keep getting the likes of the UK general election 2015, EU Referendum 2016 and the US Presidential Election 2016 very badly wrong as the pollsters always tend to skew the results in favour of those who commission the polls i.e. the establishment media.

Tuesday, May 30, 2017

Gold And Silver Price Seasonality…June Worst Month? / Commodities / Gold and Silver 2017

By: I_M_Vronsky

It is universally known that there are many, many sundry factors that can affect the price of gold and silver.  To name just a few: Political Environment, Value of the US Dollar and the Euro, Commitment of Traders, Possible Manipulation by the Fed, US Fed Policies Regarding the Level of Interest Rates, International Belligerent Turmoil, the Relative Value of the Stock Markets…and last but NOT LEAST THE SEASONALITY of Precious Metal Prices.

This analysis will only focus on THE SEASONALITY of Precious Metal Prices as there enumerable encyclopedic reviews of all the other factors affecting gold and silver prices. Specifically, what has been the average monthly price variance of the price of gold or silver for the 12 months over a period. In an effort to seek objectivity, we have selected Seasonality Charts from several pundit sources.