Thursday, September 03, 2015
Marc Faber Warns “No Safe Assets Anymore” So “Focus On Precious Metals” / Commodities / Gold and Silver 2015
By: GoldCore
DAILY PRICES
Today’s Gold Prices: USD1130.05, EUR 1005.88 and GBP 739.63 per ounce.
Yesterday’s Gold Prices: USD 1140.00, EUR 1010.73 and GBP 746.46 per ounce.
(LBMA AM)
Thursday, September 03, 2015
Europe Rethinks the Schengen Agreement / Politics / European Union
By: STRATFOR
Forecast
- Rising immigration and fragile economic recovery in Europe will reduce political support for the Schengen Agreement, which eliminates border controls among member states.
- The Schengen Agreement will likely be reformed to make room for countries to tighten their border controls more frequently.
- Friction between Schengen members and other countries will remain, as will tension within the bloc itself.
Thursday, September 03, 2015
BP Oil Company Moves past Mistakes But Still Feeling Price Pinch / Companies / Oil Companies
By: AnyOption
Major oil Company BP (LSE: BP) has found itself in an uncertain position the past few years. Under pressure from both outside and within, the company has managed to stay relatively stable considering the shakeup in the industry. Now, despite the current economic downturn facing the oil industry and a disappointing second quarter, the oil giant is finally able to look more towards improving future prospects. A recent settlement in their ongoing case with the United States Federal Government and state governments as well as a relatively solid balance sheet paired with their diversified corporate structure have combined to create a potentially positive long-term outlook for investors seeking long-term potential. However, the short-term outlook must acknowledge the inherent industry risks. Read full article... Read full article...
Thursday, September 03, 2015
EU Migration Crisis and Population Density, Why Cameron is Right, England Really is Full / Politics / Immigration
By: Nadeem_Walayat
In the wake of Germany's announcement to take upto 800,000 refugees this year and images of dead refugees washed up on the shores of Turkey, David Cameron and the UK government are coming under intense pressure to change their stance on refugee migration that continues relentlessly as each bordering nation acts to funnel over one hundred thousand migrants each month northwards towards destinations such as Germany and Britain.
Thursday, September 03, 2015
Stock Market Return to Crisis: Things Keep Getting Worse / Stock-Markets / Stock Markets 2015
By: Mike_Whitney
The virus that spread to stock markets around the world and nearly destroyed the global financial system in 2008 has reemerged with a vengeance sending global equities deep into the red and wiping out more than $5 trillion in market capitalization in less than two weeks. On Tuesday, before the opening bell, major market index futures in the US plunged more than 400 points signaling another violent day of selling ahead. Worries that a slowdown in China will impact global growth pushed Asian and European markets deep into negative territory while US futures indicate that the Dow Jones is headed for its ninth triple-digit day in ten sessions. The deluge of bad news has battered confidence in the Fed and “sent global equities to their worst monthly slump in more than three years”. Millions of Mom and Pop investors have sold out already and are headed for the exits. Here’s a recap from Bloomberg:
Thursday, September 03, 2015
Stock Market Eleven Crazy Days — Many More Coming / Stock-Markets / Stock Markets 2015
By: John_Rubino
Twelve months ago the world was happily sailing along in the Great Moderation, with financial markets that moved gracefully higher most of the time but even in their rare negative moments didn’t cause too much angst. The eleven trading days leading up to September 3 saw not a single triple-digit move on the Dow, and only three down sessions.
Read full article... Read full article...
Thursday, September 03, 2015
Dow Theory Stock Market Sell Signal Examined / Stock-Markets / Dow Theory
By: Brian_Bloom
The article below argues that the Dow will rise after its current “correction” because it rose following the two previous corrections. But this time around both Industrials and Transports have fallen to lower lows. On those previous two occasions this did not happen.
Thursday, September 03, 2015
Crude Oil Price Sinking or Rebounding? / Commodities / Crude Oil
By: Nadia_Simmons
Trading position (short-term; our opinion): No speculative positions are justified from the risk/reward perspective.
On Tuesday, crude oil reversed and declined sharply as weak Chinese data weighed on investors' sentiment. As a result, the commodity approached support levels, but will they encourage oil bulls to act in the coming days?
Read full article... Read full article...
Thursday, September 03, 2015
How OPEC’s Attempt to Save Face Affects the Crude Oil Market / Commodities / Crude Oil
By: ...
Well, that somebody is OPEC, and there is much more behind this development, leading to today’s discussion.
In its monthly report released on Monday, OPEC indicated it is now willing to discuss production levels with other non-OPEC countries. This is the first indication that the low crude oil price environment has been creating serious problems inside the cartel.
Read full article... Read full article...
Thursday, September 03, 2015
Crude Oil Price Forecast 2015 and 2016 - Video / Commodities / Crude Oil
By: Nadeem_Walayat
The crude oil price has relentlessly trended lower all year to an unimaginably low price low of $37 of just a few days ago, falling from $100 a year ago. The severe bear market has not only caught many market commentators off guard but has had a devastating impact on several major economies that are heavily reliant on high oil prices such as Russia, the gulf states, and other emerging markets reliant on their energy sector tax revenues to finance state spending and of course Britain's very own Scotland that a year ago was toying with idea of committing social and economic suicide (independence referendum).
Wednesday, September 02, 2015
Euro vs. U.S. Dollar: See Why "Excitement Is Yet to Come" - Video / Currencies / Euro
By: EWI
Elliott Wave International's Chief Currency Strategist discusses the EURUSD 1,200-pip "roundtrip"
Stocks and oil weren't the only markets going berserk last week. Eurodollar, or EURUSD -- the world's biggest and most popular forex market -- first rallied 700+ points (or pips) higher and then crashed about 500 pips back to earth, all in a matter of a few days.
Read full article... Read full article...
Wednesday, September 02, 2015
The Real Threat from China’s Stock Market Crash / Stock-Markets / Chinese Stock Market
By: ...
In reality, the real risk isn’t being reported. In fact, it’s not even being talked about.
Read full article... Read full article...
Wednesday, September 02, 2015
How Our “Mixed Economy” Created These Mixed-Up Markets / Stock-Markets / Stock Markets 2015
By: Investment_U
Alexander Green writes: Over the years, I have often waxed enthusiastic about the transcendent power of capitalism.
The free enterprise system has vastly improved our quality of life and raised our standard of living.
Entrepreneurs and business owners have given us safer transportation, faster communications, miracle drugs and medical devices, more powerful computers, and millions of new products and services that are better, cheaper and longer lasting.
Read full article... Read full article...
Wednesday, September 02, 2015
'Gravity' Is Returning to Stocks and Bond Markets / Stock-Markets / Financial Markets 2015
By: DailyWealth
Porter Stansberry :
In today's essay... a discussion about gravity. Not the kind of gravity that causes objects to draw closer to each other. That gravity is a mystery that physics can't yet explain.
I'm talking about financial gravity. And the causes of financial gravity are well-known...
Financial gravity is the cost of capital. The cost of money drives the price of everything else in a free market because capital is the root of supply. Want more oil? Fine, invest heavily in new supplies.
Read full article... Read full article...
Wednesday, September 02, 2015
Give All Refugees A Free Ticket To Brussels / Politics / Immigration
By: Raul_I_Meijer
A few days ago, I joked to Nicole that Paddypower should by now have a bet open on how much longer the Schengen open border treaty will be valid in Europe. Didn’t check if they actually had one, mind you.
But it can’t be long anymore, so it wouldn’t be a big money maker even if it existed. I give it a few days at most. Italy just announced it wants guards at Brennero, one of its main border posts with Austria. One down, a few hundred to go, and they may go at a rapid clip.
Read full article... Read full article...
Wednesday, September 02, 2015
How to Make Sure the Government Can’t Freeze Your Bank Account / Personal_Finance / Current Accounts
By: Casey_Research
By Justin Spittler
If you wake up tomorrow and your bank account is frozen… what will you do?
You probably remember when the financial crisis in Greece was dominating headlines a few weeks ago.
Read full article... Read full article...
Wednesday, September 02, 2015
Stock Market 38.2% Retracement / Stock-Markets / Stock Markets 2015
By: Anthony_Cherniawski
The institutional investor(s) have had their say. The SPX bounced to the 38.2% retracement at 1938.37. There is no change in signal. Best to remain short. Margin calls may already be kicking in with a vengeance today.
Read full article... Read full article...
Wednesday, September 02, 2015
Gold Coin Sales Surge 306% YoY In August, Silver Sales More Than Double / Commodities / Gold and Silver 2015
By: GoldCore
strong>DAILY PRICESToday’s Gold Prices: USD 1140.00, EUR 1010.73 and GBP 746.46 per ounce.
Yesterday’s Gold Prices: USD 1141.90, EUR 1012.23 and GBP 744.10 per ounce.
(LBMA AM) Read full article... Read full article...
Wednesday, September 02, 2015
Parents Send Your Finances Back to School / Personal_Finance / Current Accounts
By: MoneyFacts
As parents breathe a sigh of relief as the kids go back to school, now is the perfect time to take stock of your finances and teach yourself a few things about personal finance.
Charlotte Nelson, Finance Expert at Moneyfacts.co.uk, said:
“A well-deserved sit-down to sift through your income and expenditure will highlight any areas you need to tackle. Fixing your finances sooner rather than later will lift a massive weight off your shoulders and make things far more manageable.”
Read full article... Read full article...
Wednesday, September 02, 2015
Syrian Refugee Crisis - Is Germany More Islamic than Saudi Arabia? / Politics / Saudi Arabia
By: Nadeem_Walayat
Whilst many european nations are positioning their storm troopers on their borders and ports to repel the swarm (David Cameron) or hordes as other politicians have referred to the mass migration underway, instead Germany has now taken the opposite position by opening its doors to this year settle as many as 800,000 mostly Syrian refugees out of a potential total of 1 million Syrian refugees expected to enter Europe this year which itself is out of a total Syrian refugee population of more than 4 million who today are mostly sat in refugee camps in Turkey, Jordan and Lebanon, most of whom seek to follow the now well trodden migration paths northwards.