Thursday, November 10, 2016
Uncertainty Drives Central Bank Gold Purchases / Commodities / Gold and Silver 2016
By: GoldCore
Dedollarization and Uncertainty drive Central Bank Demand for Gold
- Central banks added 81.7t to their gold reserves in the third quarter
- Total central banks purchases in the year-to-date reach 271.1t.
- Fellow-SCO member Kazakhstan and Belarus also had to holdings
- 90% of reserve managers intend to increase or maintain gold reserves.
- “The case for gold remains compelling for reserve managers” state WGC
- Unconventional monetary policies will underpin gold demand in coming years.
Thursday, November 10, 2016
President Trump and Americas Brexit; The Stock Market Crash That Never Was / Stock-Markets / Stock Market Crash
By: Sol_Palha
"Come to the edge," He said. They said, "We are afraid. "Come to the edge," He said. They came. He pushed them, and they flew. ~ Guillaume Apollinaire
In early October when the pollsters were all busy proclaiming that Hilary was going to win, we stated in an article titled Mass Psychology states Trump win Equals stock market buying opportunity that from a financial perspective a Trump win would present an excellent opportunity for the astute investor. We had made the same comments before Brexit became a reality, and it has been our theme that as long as the trend is up, all sharp pullbacks should be seen through a bullish lens. In other words the more substantial the deviation, the better the opportunity. Here is a small excerpt from the above-stated article:
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Thursday, November 10, 2016
Trump to Send Gold Price to $10,000 / Commodities / Gold and Silver 2016
By: Submissions
Trump is going to the White House…
Just as I called on ABC Australia two weeks ago.
Thursday, November 10, 2016
Modi Heats Up Indian War Against Cash / Personal_Finance / War on Cash
By: Jeff_Berwick
The battle for a cash-only world is getting hotter. The latest battlefront? India.
The latest rupee news? Outrageous.
Prime Minister of India, Narendra Modi – beloved of Western elites for a variety of reasons – has just announced that all 500 Indian rupee Notes ($7.50) and 1,000 Indian rupee ($15) notes will no longer be considered legal tender. The 500 and 1,000 rupee, by the way, are the two largest denominations in India. Equivalent to the US banning the $100 and $50.
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Thursday, November 10, 2016
President-elect Trump: The beginning of an Era? Or the End of one? / ElectionOracle / US Presidential Election 2016
By: Michael_T_Bucci
Everyone was so certain. The pollsters and poll watchers almost uniformly predicted a Trump defeat – among them the celebrated Nate Silver of FiveThirtyEight who gave Trump only a thirty-eight percent chance of winning heading into Election Day.
Of the eleven national polls to be released in the final week of the race, only two – a Los Angeles Times/USC survey and one from IBD/TIPP – showed Trump with the lead (TheHill, Nov. 9). These polls proved the most accurate for two consecutive presidential cycles.
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Thursday, November 10, 2016
The Most Hated Stocks Bull Market in History / Stock-Markets / Stock Markets 2016
By: Rambus_Chartology
I know some of you are wondering why I didn’t post many charts today. The reason being, when there is extreme volatility one can get whipsawed to death getting caught on the wrong side of the whipsaw. My experience has been to let things settle down for a day or two and see what happens. I always look for how the price action is interacting with a potential strong support or resistance line. Normally, whatever the direction the big trend is in, when you get a day like today, after the volatility subsides, the big trend will reassert itself again. It may take a few days or a few weeks but the big trend is your friend.
Earlier today I showed you a daily chart for the INDU which showed several small blue consolidation patterns forming on top of a one year black triangle consolidation pattern. There is another daily chart I haven’t shown you yet that shows the two small blue consolidations forming in a rising wedge formation. Until today I had the lower black rail of the rising wedge parallel to the top rail. With the big reversal taking place I adjusted the bottom rail up to catch this weeks low, which is now giving us a rising wedge formation. I’ve shown you many times in the past how bigger patterns can be made up from smaller patterns. This is now the case with the rising wedge formation.
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Thursday, November 10, 2016
Trump Win Signals $1,500 Gold and $24 Silver, predicts Nick Barisheff / Commodities / Gold and Silver 2016
By: Nick_Barisheff
According to Nick Barisheff, President and CEO of Bullion Management Group Inc. (BMG), "A Trump US presidential victory signals US$1,500 an ounce for gold and US$24 for silver in the intermediate term."
"Trump voters have now injected an unprecedented level of uncertainty into global financial markets," continued Barisheff. "Investors prefer clarity, and until President-elect Trump fully clarifies his economic, trade and foreign policy positions, investors will be in a high-alert state of uncertainty. Roiling markets will compel investors to purchase safe-haven assets, especially precious metals."
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Thursday, November 10, 2016
How Terminator Donald Trump Won the US Presidency and What He Will Do in Office / ElectionOracle / US Presidential Election 2016
By: Nadeem_Walayat
How Terminator Donald Trump Won the US Presidency and What He Will Do in Office
Shock and horror on the faces of Democrats and many republican establishment politicians is real and so is that which the Donald Trump Terminator Presidency represents for them. For Donald really is the TERMINATOR, this guy does NOT know how to stop, How to back down, he is NOT a politician. Those who think he will calm down and it will be business as usual are deluding themselves.
Thursday, November 10, 2016
And Of Course, No One is Talking About the US National Debt / Interest-Rates / US Debt
By: Rodney_Johnson
I’m beaten down.Worn out.
Punch drunk.
I’m not moonlighting as a cage fighter. I’m a registered voter in a swing state.
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Thursday, November 10, 2016
Trump Win and Brexit - What the Two Biggest Events of 2016 Are All About / Stock-Markets / Financial Markets 2016
By: Harry_Dent
Like Brexit, Trump staged a surprising win last night, proving every poll wrong.
This is a sign of an underlying trend more massive than the winter economic season that began in 2008. It’s clear evidence of the end of globalization (at least for now). And that’s an important point to take away from the election… and from Brexit.
People are angry. They’re discontent. They’re sick and tired of how small the world has become and they’re ready to revolt. This brings us to the heart of my 250-Year Revolution Cycle.
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Thursday, November 10, 2016
After the U.S. Election, Where is the Stock Market Strength? / Stock-Markets / Stock Markets 2016
By: Donald_W_Dony
The surprise U.S. presidential victory of Donald Trump caused shock waves through the futures markets last night. However, as the next trading day opens, there are clearly sectors that are winning and those that are losing.
The biotech, drug, banks and broker/dealer sectors are the strongest performers out of the gate with a 7.50%, 4.70%, 4.60% and 5.40% leap respectively.
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Thursday, November 10, 2016
Carl Icahn left Trump victory party to bet $1B on US Stocks / Stock-Markets / Stock Markets 2016
By: Bloomberg
Carl Icahn, Founder and Chairman of Icahn Enterprises, told Bloomberg TV that he left Donald Trump's victory party early Wednesday morning to bet about $1 billion on U.S. equities.
"I thought it was absurd that the market, the S&P was down 100 points on Trump getting elected," Icahn said in a phone interview. "I tried to put a lot more to work, but I couldn’t put more than about a billion dollars to work," he said.
Icahn, one of Trump's earliest supporters, spoke to Erik Schatzker this afternoon and weighed in on the market reaction to the U.S. presidential election results and the economic plans of President-Elect Trump. Icahn said Trump's victory was "a positive for our economy, not a negative" but noted that the U.S. economy is not out of the woods just yet.
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Wednesday, November 09, 2016
Bill Gross: Trump Election Victory Won't Lead to More Economic Growth / Economics / US Economy
By: Bloomberg
Bill Gross of Janus Capital was interviewed by Erik Schatzker on Bloomberg Markets this morning.
Gross discussed market reaction to the U.S. presidential election, telling Schatzker that Trump's victory won't lead to more economic growth.
SCHATZKER: "Well, let's consider those things for a moment. Let's consider demographics. Let's consider some of the structural obstacles. Can you envision a scenario, all of those things considered, in which the economy grows four percent a year, and in which we add 25 million jobs over who knows what period?"
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Wednesday, November 09, 2016
Dow Futures Down 777 Points As Trump Is Selected During Jubilee Time Period / Stock-Markets / Stock Markets 2016
By: Jeff_Berwick
Donald Trump was selected as the new President of the US tonight and, just as we warned, markets are crashing.
As I write, Dow futures are currently down 777 points, the Japanese Nikkei is currently down 5%, bitcoin is up 3% to $730, gold is up 4% to near $1330 and silver is up 3% to nearly $19.
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Wednesday, November 09, 2016
Financial Markets were caught flat-footed. Will there be a recovery? / Stock-Markets / Financial Crisis 2016
By: Anthony_Cherniawski
The markets woke up this morning to President-elect Trump.
ZeroHedge reports, “As it dawned on markets that they had been caught flatfooted for the second time in half a year, first with Brexit and then with the historic election of Donald Trump which nobody except a few fringe websites had anticipated, their reaction was identical: a slow selloff at first, followed by a furious dump, which led to a limit down halt in NASDAQ and Emini future trading. However, it was not meant to last, and after realizing that Trump's economic plan of flooding the economy with debt, coupled with fiscal stimulus, and that his policies would likely be much more moderate than his initial framing, U.S. stock-index futures trimmed about two-third of their declines as investors reassessed Trump stunning victory.”
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Wednesday, November 09, 2016
Gold Surges 5% After America Votes Trump President / Commodities / Gold and Silver 2016
By: GoldCore
- Gold surged over 5% – from $1,270/oz to $1,335/oz prior to profit taking
- Gold jumped to its highest level in six weeks on early reports that Trump had won the race to the White House; Largest gains since Brexit shock
- For the next few days, we can expect to follow the “Brexit playbook”
- “We are looking at very real prospects that the Fed would defer that rate hike into 2017…”
Gold has surged more than 3% to over $1,300/oz today after the shock election of Donald J. Trump as the next President of the United States of America. At one stage gold was 5% higher having risen from $1,270/oz to $1,335/oz as the dollar and stocks globally saw sharp falls.
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Wednesday, November 09, 2016
After The Trump Election Triumph / Politics / US Politics
By: Dan_Steinbock
The Trump victory was a "stunning surprise" to Washington and mainstream media. But it was very much in line with voter distrust in both Clintons and Washington’s ruling class. Politically, Americans are fed up. In cooperation with the Democratic National Committee, the Clinton campaign had far too cozy ties with Wall Street, neoconservatives and Pentagon contractors, as well as mainstream media organizations; from CNN and New York Times to Huffington Post and Google.
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Wednesday, November 09, 2016
Stock Market US Election Day Follow-Through / Stock-Markets / Stock Markets 2016
By: Harry_Boxer
The stock market indices on election day decided to follow through on yesterday’s rally. The day started out with a pullback, they tested support, and when they failed to take any action to the downside, they took off. The S&P 500 went from the 2123-4 zone all the way up to 2147. The Nasdaq 100 jumped from 4757 to 4825. In the afternoon the pulled back and formed wedges, but when they failed to take out secondary support, they headed back up again,tried to retest the highs, but fell short, and pulled back in the last ten minutes. Still, it was a positive session.
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Wednesday, November 09, 2016
The Cannabis Sector after the Vote – Boom or Bust?? / Companies / Healthcare Sector
By: TLSReport
Technical Analyst Clive Maund takes a look at the cannabis sector, and how the the election results for eight states, including California, might facilitate a massive boom.
Not only do we have the US elections today, we also have voting in eight states on the legalization of cannabis, including the all-important State of California, which just by itself is one of the biggest economies in the world. The outcome of this vote is of crucial importance to the future of this fledgling industry, although all the indications are that it will be favorable.
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Wednesday, November 09, 2016
Uncertainty about OPEC and US Election Leads to Oil Price Drop / Commodities / Crude Oil
By: Jason_Hamlin
During the third quarter of 2016, global gold production dropped by 0.5%. Miners brought 846.8t onto the market versus 851.2t during Q3 of 2015. While this isn’t a huge decline, it marks the second consecutive quarter that gold production was down versus the previous year. The overall trend of plateauing output remains in place and has increased the odds that we are approaching, or have already reached, peak gold. The chart of annual mine production is shown below.