Saturday, November 14, 2015
US$ Breakout Could Unleash Capitulation in Gold and Silver / Commodities / Gold and Silver 2015
Last Friday we wrote that precious metals were very oversold and due for a bounce or a pause. We also argued that the overall prognosis remained very bearish. The technicals argue for more downside and sentiment indicators remain far from bearish extremes. The strength in the US$ index is another reason precious metals should remain under pressure. If the US$ index makes a strong break above 100 it could trigger a final wave of liquidation in Gold and Silver.
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Saturday, November 14, 2015
Gold Mining Stocks May Be The Buy Of The Century / Commodities / Gold and Silver Stocks 2015
The Dow Jones has been falling all week and continues lower today on this Friday the 13th.
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Saturday, November 14, 2015
Discussion of the Stock Market Wave Formation / Stock-Markets / Stock Markets 2015
It appears that SPX has stopped declining so far at the hourly Cycle Bottom support. It may now be challenging the Broadening Top trendline at 2045.00 from beneath. This may be a sub-Minute Wave (iv) of a Minute Wave [iii], which suggests a further decline to either the 50-day Moving Average at 2007.51 or to Round Number support at 2000.00.
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Saturday, November 14, 2015
Do Credit Spreads Move the Gold Price? / Commodities / Gold and Silver 2015
Although the bond prices do not drive the price of gold, the spreads between prices of bonds or yields - the different sides of one coin - with different risk level may be an important factor for the gold market. Why? Credit spread is a spread between two securities that are almost identical, except for quality rating. Because Treasuries are considered practically risk-free, they constitute a benchmark to which other bonds are compared. Thus, credit spread usually shows a spread between Treasury securities and identical (except rating) non-Treasuries. In other words, credit spread indicates the risk premium for investing in one (risky) security over another (considered to have almost no risk).
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Saturday, November 14, 2015
Black Monday 1987 Stock Market Crash Real Secrets for Successful Trading / News_Letter / Financial Crash
The Market Oracle NewsletterOct 19th, 2015 Issue # 22 Vol. 9
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Saturday, November 14, 2015
Homo Sapiens Rationalensis Diverging From Revelation to the Apocalypse / News_Letter / Evolution
The Market Oracle NewsletterOct 18th, 2015 Issue # 21 Vol. 9
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Saturday, November 14, 2015
The First Prophet - Homo Sapiens Shrinking Brains Diverging Species / News_Letter / Evolution
The Market Oracle NewsletterOct 18th, 2015 Issue # 20 Vol. 9
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Saturday, November 14, 2015
War on Cash, Bank of England Planning Hyper QE, Scrapping Cash for Digital Currency / News_Letter / Credit Crisis 2015
The Market Oracle NewsletterSept 22nd, 2015 Issue # 19 Vol. 9
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Saturday, November 14, 2015
Stock Market Dow Trend Forecast for September to December 2015 / News_Letter / Stock Markets 2015
The Market Oracle NewsletterSept 13th, 2015 Issue # 17 Vol. 9
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Friday, November 13, 2015
Absurd Gold Stock Levels / Commodities / Gold and Silver Stocks 2015
Gold stocks have suffered heavy collateral damage following the Federal Reserve’s hawkish surprise late last month, which ignited enormous gold-futures selling by American speculators. This devastated sector has been battered back down near last summer’s deep secular lows. But these gold-stock price levels are fundamentally absurd, the product of extreme and irrational sentiment that can’t persist for long.
Today’s gold-stock price levels are the greatest fundamental disconnect in the entire stock markets, an epic opportunity for contrarian investors and speculators! The entire gold-mining industry is trading as if the price of gold, the overwhelmingly-dominant driver of its profits, was just a small fraction of prevailing levels. Gold stocks are radically underpriced fundamentally based on their current and future earnings power.
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Friday, November 13, 2015
Brutal Economic News As The World Rolls Over / Economics / Global Economy
Brutal news is pouring in from pretty much everywhere.
US retail sales are flat and wholesale prices are falling. Big retail chains are missing on earnings and seeing their shares plunge.
Chinese nonperforming loans are soaring while imports, car sales and steel production are way down.
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Friday, November 13, 2015
The U.S. Shadow Interest Rate Casts Gloom / Interest-Rates / US Interest Rates
Nearly 92% of economists surveyed this week by the Wall Street Journal expect that our eight-year experiment with unprecedented monetary easing from the Federal Reserve will come to an end at the next Fed meeting in December. Since we have had the monetary wind at our back for so many years, at least a few have begun to question our ability to make economic and financial gains against actual headwinds. But in reality, the tightening cycle that the forecasters are waiting for actually started last year. Sadly, the markets and the economy are already showing an inability to handle it.
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Friday, November 13, 2015
The “Bloodbath” in Canada Is Far From Over / Commodities / Canada
By Justin Spittler
The oil price crash continues to claim victims…and many of them are in Canada.
The price of oil hovered around $100 for most of last summer. Today, it’s trading for less than $45.
Weak oil prices have pummeled huge oil companies. The SPDR S&P Oil & Gas Exploration & Production ETF (XOP), which tracks the performance of major U.S. oil producers, has declined 36% over the past year. The Market Vectors Oil Services ETF (OIH), which tracks U.S. oil services companies, has declined 30% since last November.
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Friday, November 13, 2015
Russia Sees Gold Reserves As “Additional Financial Cushion” In Face Of “External Uncertainties” / Commodities / Gold and Silver 2015
- Gold and FX reserves are “additional financial cushion” for state in face of “external uncertainties”
– Russia bought another 77 tonnes of gold in Q3
– Ruble volatility does not create risks for financial stability in Russia
– Russia intends building fx and gold reserves to $500 billion in coming years
– Gold is a “100% guarantee from legal and political risks”
Friday, November 13, 2015
Why Black Friday Needs to be a National Holiday / Politics / Shopping
At one time, people placed carved pumpkins with a candle inside on their front porches to announce the beginning of the Halloween season.
And then it became a contest. First, best Halloween pumpkin. And then who could decorate their trees and hedges with the best fake cobwebs, followed by fake witches in trees.
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Friday, November 13, 2015
Africa Population Explosion - Why Europe's Migrant Crisis is Going to Get A Lot Worse - Video / Politics / Africa
What's lost in the midst of this year’s migration crisis of as many as 1 million migrants heading for Europe's shores, near five times the number for 2014, is the consequences of the REAL MEGA-TREND, that is not just of the war in Syria but the fact that Africa (both North and South) is undergoing a population explosion, that is literally manifesting in an exponential trend, one of MORE than doubling of Africa's population every 40 years that looks set to make today's migrant crisis look like a picnic when compared against the several of millions per year that will be arriving on Europe’s borders within a few short years as the global population graph based on UN data illustrates.
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Friday, November 13, 2015
Stock Market Make or Break, Is the US Heading Towards Recession? / Stock-Markets / Stock Markets 2015
The global economy is slowing down rapidly and it is conceivable that the developed world may face a recession next year. Already, the Japanese economy is contracting and even Europe is barely growing. Across the pond, the US is still muddling through but the leading economic indicators and all the major Fed regional activity surveys (Figure 1) are suggesting economic weakness ahead.
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Friday, November 13, 2015
Inspiration from the World of Sports for Sucessful Investing / Stock-Markets / Investing 2015
One of the most successful investors in the world is Howard Marks of Oaktree Capital Management. One of the things I look forward to every quarter is the letter he writes to his clients – it goes right to the top of my reading list. Not only is it always full of generally brilliant investment counsel, Howard is also a really great writer. He has an easy style that pulls you through his letter effortlessly.
I have never sent his letter to you as an Outside the Box, as the copies I get are clearly watermarked and copyrighted. So I was surprised and delighted to learn that the letter is free when I listened to a speech by Howard in which he encouraged everyone to get it. Unlike another hundred-billion-dollar hedge fund company that shall go unnamed, Oaktree evidently thinks that brilliance should be shared.
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Friday, November 13, 2015
US Stock Market: Anatomy of a Correction / Stock-Markets / Stock Markets 2015
Over the last week we (NFTRH) have used market sentiment indicators and index charts to gauge the prospects of finding a high on the post-September relief ‘bounce’ rally.
During August and September market sentiment had become brutally over bearish and this was very dangerous from the bears’ perspective. We set upside bounce targets for the SPX at 2020, 2040, 2060 and 2100. The first three were resistance levels (broken support) and the last was the general measurement of the ‘W’ bottom that formed in August and September. With the extremes in bearish sentiment, it was not so surprising that SPX climbed all the way to just above 2100.
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Friday, November 13, 2015
Deflation and the Devaluation Derby - A Closer Look at All Those New U.S. Jobs / Economics / Deflation
U.S. labor force participation rate is at its lowest level in 38 years
Editor's note: You'll find a text version of the story below the video.
I was in the café of a bookstore recently and overheard a young man tell his friend, "It's hard to get a job these days, even with a degree."
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