Thursday, November 21, 2019
Cracks Spread in the Precious Metals Bullion Banks’ Price Management System / Commodities / Gold & Silver 2019
By: MoneyMetals
Department of Justice prosecutors charged a sixth JPMorgan executive for cheating in the precious metals markets.
Jeffrey Ruffo stands accused of racketeering and spoofing metals prices from 2008 - 2016, along with other crimes including conspiracy to commit wire fraud.
The indictment outlines nearly a decade spent coordinating with other traders in JPMorgan’s precious metals department to rig prices. The activity includes thousands of fraudulent trades placed for two purposes.
Wednesday, November 20, 2019
Why Record-High Stock Prices Mean You Should Buy More / Stock-Markets / Stock Markets 2019
By: Stephen_McBride
Nobody wants to be the schmuck who bought stocks at the tippy-top.
Did you check your 401(k) this week? If so, you surely noticed US stocks hit new all-time highs. And the S&P 500 is now on track for its best year since 1996.
How does this make you feel in your gut? Are you happy stocks are achieving new highs? Or does it scare you... tempt you to sell all your stocks… and run for cover?
Wednesday, November 20, 2019
This Invisible Company Powers Almost the Entire Finance Industry / Companies / Tech Stocks
By: Stephen_McBride
Justin Spittler :
The days of going to a bank are coming to an end.
In the past 10 years, 15,000 bank branches have shut their doors for good. And foot traffic to banks has fallen by 50%. Bank branches are shutting down left and right for a simple reason... They’re useless!
These days, you can deposit a check by taking a photo with your phone. You can open a bank account or order a new credit card in five minutes over the internet. You can even take out a mortgage without ever seeing a human banker, thanks to disruptive services like Quicken Loans.
And it’s not just banks. Digital disruption is eating away at every “old” business model in finance. Everyone from stockbrokers to financial planners is under assault.
Wednesday, November 20, 2019
Zig-Zagging Gold Is Not Necessarily Bearish Gold / Commodities / Gold & Silver 2019
By: P_Radomski_CFA
In Friday’s article, we wrote that what comes up must correct and gold has indeed shown to be in a corrective mode. We also wrote that the yellow metal was unlikely to break below the 61.8% Fibonacci retracement based on the previous upswing and while gold moved to this level earlier today, it didn’t break below it. At least not in any significant way – the few cents below this level doesn’t really count. Let’s take a closer look at gold’s overnight chart to see what the decline means.
Wednesday, November 20, 2019
Legal Status of Cannabis Seeds in the UK / Commodities / Cannabis
By: Submissions
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Wednesday, November 20, 2019
The Next Gold Rush Could Be About To Happen Here / Commodities / Gold and Silver Stocks 2019
By: OilPrice_Com
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Tuesday, November 19, 2019
China's Grand Plan to Take Over the World / Economics / China US Conflict
By: John_Mauldin
When the US and ultimately the rest of the Western world began to engage China, resulting in China finally being allowed into the World Trade Organization in the early 2000s, no one really expected the outcomes we see today.There is no simple disengagement path, given the scope of economic and legal entanglements. This isn’t a “trade” we can simply walk away from.
But it is also one that, if allowed to continue in its current form, could lead to a loss of personal freedom for Western civilization. It really is that much of an existential question.
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Tuesday, November 19, 2019
Interest Rates Heading Zero or Negative to Prop Up Debt Bubble / Interest-Rates / Negative Interest Rates
By: MoneyMetals
Mike Gleason: It is my privilege now to welcome back the one and the only Gerald Celente, publisher of the renowned Trends Journal. Mr. Celente is a frequent guest on the Money Metals Podcast and is perhaps the most well-known trends forecaster in the world. And it's always great to have him on with us.
Gerald, thanks for the time again today, and welcome back.
Gerald Celente: Oh, my pleasure. Thanks for having me on.
Mike Gleason: Well, Gerald, since we spoke last in August, the Federal Reserve has begun propping up the repo markets, and they resumed buying government debt. They tell us the program on bond purchases should in no way be confused with prior bond purchasing programs, also known as Quantitative Easing. They don't want us to worry about it. Just a little extra boost for an economy struggling with some fears over trade and a minor temporary problem in the repo markets is what they're saying. The only trouble is that hundreds of billions of dollars are involved so far, and it could wind up being trillions. So once again, the Fed is shoveling freshly-printed cash at banks and the Treasury Department. What is your guess as to why the Fed has engaged in this stealth bailout, and why aren't more people talking about it?
Tuesday, November 19, 2019
Plethora of Potential Financial Crisis Triggers / Stock-Markets / Financial Crisis 2019
By: Jim_Willie_CB
The US-based bond market is in tragic condition. All the bonds in US financial markets reek of rigged prices and inflated values. It is not a single bond sector, but rather all bond sectors that are in deep trouble, against a background of multi-year economic recession. The USTreasury Bonds, given the over $1.0 trillion in supply and widespread absence of buyers, deserves a 10% yield. The stolen missing $21 trillion amplifies the vacant value, from a grand crime scene. It is a wonder that investigator Professor Skidmore of Michigan State Univ has not been charged with financial terrorism. The USTBond market is teetering, kept afloat by overnight enormous slugs of fake money, which in early November was over $250 billion on a daily basis. If it was put onto the USFed balance sheet, on an increasingly frequent basis, then it is called QE. Better get real, and call it what it actually is – INFINITE Q.E. FOREVER. The Gold price is preparing the next launch platform.
Tuesday, November 19, 2019
Trade News Still Relevant? / Stock-Markets / Stock Markets 2019
By: Andre_Gratian
Current Position of the Market
SPX: Long-term trend – There are no clear signs that the bull market is over.
Intermediate trend – Most likely building an intermediate top.
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 discusses the course of longer market trends.
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Tuesday, November 19, 2019
Comments on Catena Media Q3 Report 2019 / Companies / Corporate Earnings
By: Submissions
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Monday, November 18, 2019
Venezuela’s Hyperinflation Drags On For A Near Record—36 Months / Economics / HyperInflation
By: Steve_H_Hanke
Venezuela is the only country in the world that is suffering from the ravages of hyperinflation. But, you wouldn’t know it from reading the press, where playing fast and loose with words is commonplace. Indeed, the word “hyperinflation” is thrown around carelessly and misused frequently, with claims that multiple countries are suffering from hyperinflation. The debasement of language in the popular press has gone to such lengths that the word “hyperinflation” has almost lost its meaning.
So, just what is the definition of this oft-misused word? The convention adopted in the scientific literature is to classify an inflation as a hyperinflation if the monthly inflation rate exceeds 50%. This definition was adopted in 1956, after Phillip Cagan published his seminal analysis of hyperinflation, which appeared in a book, edited by Milton Friedman, Studies in the Quantity Theory of Money.
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Monday, November 18, 2019
Intellectual Property as the New Guild System / Economics / Economic Theory
By: Frank_Hollenbeck
The standard justification for intellectual property — i.e., patents and copyrights and trademarks — is that the creative process would be significantly reduced if such protection did not exist. The underlying assumption is that the financial reward must be augmented by a grant of exclusivity enforced by the coercive power of government. Because we can freely copy an invention, innovation or other creative ideas, a financial reward is viewed as necessary for these intangible ideas unlike a tangible object sold in the marketplace.
But did inventors or artists starve before IP laws? The answer is no because they benefited from the first-to-market advantage. Boldrin and Levine explain how during the 19th century British authors with IP protection in the UK would sometimes make more money off their non-IP protected US sales by reaching an agreement (a contract) with a US publisher and then flooding the US market with cheap original copies.1 Since any potential copycat will wait to see if an idea is successful, the gains of being first-to-market could be substantial. Many drug makers retain important market share on a drug even though their patent protection has expired and the market is awash with cheaper generic alternatives. There are also many other indirect ways to profit from creative ideas. Many artists make more money off concerts and other appearances than from the original digital sales of their song.
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Monday, November 18, 2019
Gold Mining Stocks Q3’ 2019 Fundamentals / Commodities / Gold and Silver Stocks 2019
By: Zeal_LLC
The major gold miners just enjoyed a phenomenal quarter for gold, which soared after its first bull-market breakout in years. Q3’19’s much-higher prevailing gold prices should’ve driven soaring earnings for the miners, due to their big inherent profits leverage to gold. So this just-completed Q3 earnings season is the most important for this sector in a long time. Did the gold miners’ fundamentals indeed radically improve?
Four times a year publicly-traded companies release treasure troves of valuable information in the form of quarterly reports. Required by the US Securities and Exchange Commission, these 10-Qs and 10-Ks contain the best fundamental data available to traders. They dispel all the sentiment distortions inevitably surrounding prevailing stock-price levels, revealing corporations’ underlying hard fundamental realities.
The definitive list of major gold-mining stocks to analyze comes from the world’s most-popular gold-stock investment vehicle, the GDX VanEck Vectors Gold Miners ETF. Launched way back in May 2006, it has an insurmountable first-mover lead. GDX’s net assets running $11.8b this week were a staggering 40.2x larger than the next-biggest 1x-long major-gold-miners ETF! GDX is effectively this sector’s blue-chip index.
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Monday, November 18, 2019
The Best Way To Play The Coming Gold Boom / Commodities / Gold and Silver Stocks 2019
By: OilPrice_Com
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Sunday, November 17, 2019
What ECB’s Tiering Means for Gold / Commodities / Gold & Silver 2019
By: Arkadiusz_Sieron
In a key policy shift, the ECB has recently introduced tiered system of interest rates. This news isn’t of interest only to the banks keeping their reserves at the ECB. In today’s article, you’ll learn about the new instrument of monetary policy, and find out what it implies for the gold market.
If you think that monetary policy in the United States is crazy, you are right. But in Europe, it is even stranger (and in Japan, it is really insane). As you probably remember, in September, the ECB introduced a package of measures to ease monetary policy further in the face of sluggish economic growth and subdued inflation. In particular, the Governing Council resumed quantitative easing (the bank will be purchasing €20 billion of assets monthly), eased the conditions for TLTRO operations, strengthened the forward guidance strategy, and – the crème de la crème – cut the deposit rate by 10 basis points from -0.40 to -0.50 percent, as the chart below shows. The ECB used, of course, all these instruments already in the past. What is really new is the introduction of the tiering system. How does it work and what could be its consequences for the euro area economy and gold prices?
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Sunday, November 17, 2019
DOJ Asked to Examine New Systemic Risk in Gold & Silver Markets / Commodities / Gold & Silver 2019
By: MoneyMetals
Impeachment circus lows and stock market highs dominated the news cycle this week, and precious metals are quietly attempting a recovery.
Bulls still have some work to do to repair the technical damage inflicted on both metals during last week’s selling. Gold and silver still face some overhead resistance and the potential for concentrated short selling by financial institutions in the futures markets.
Significant price bottoms are usually reached after the commercial sellers force the speculative longs to capitulate. We certainly saw some of that last week. Whether there is one final washout ahead remains to be seen.
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Sunday, November 17, 2019
Dow Jones Stock Market Cycle Update and are we there yet? / Stock-Markets / Cycles Analysis
By: readtheticker
Today the Dow and the SP500 are making new all time highs. However all long and strong bull markets end on a new all time high. Today no one knows how many new all time highs are to go, maybe 1 or 100+ more to go, who knows! So are we there yet? readtheticker.com combine market tools from Richard Wyckoff, Jim Hurst and William Gann to understand and forecast price action. In concept terms (in order), demand and supply, market cycles, and time to price analysis. Cycle are excellent to understand the wider picture, after all markets do not move in a straight line and bear markets do follow bull markets.
Sunday, November 17, 2019
When the Crude Oil Price Collapses Below $40 What Happens? PART III / Commodities / Crude Oil
By: Chris_Vermeulen
This, the final section of this multi-part research article, will continue our exploration of the consequences that may result from our ADL predictive modeling system’s suggestion that Oil may continue to fall to levels below $40 over the next few months.
In Part I and Part II, we’ve highlighted what we believe to be very compelling evidence that any continue oil price decline from current levels may be setting up the global markets for a massively volatile price reversion – similar to what happened in 1929.
Prior to the stock market collapse in 1929 and the start of the Great Depression, commodity prices collapsed in 1921 and again in 1930. This commodity price collapse was the result of over-supply and a dramatic change in investor mentality. The shift away from tangible items and real successful investing/manufacturing and towards speculation in the housing markets and stock market.
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Sunday, November 17, 2019
The Coca-Cola Company (NYSE: KO) Looking to Remain Supported / Companies / Company Chart Analysis
By: ElliottWaveForecast
The Coca-Cola Company (NYSE: KO) is an American multinational corporation and it’s the world’s leading soft-drink company.
Since February 2019, KO rallied higher within an impulsive 5 waves advance breaking to new all time highs and opening further extension. Down from $56 peak, the stock started a correction lower which is currently unfolding as Double Three Structure which reached the equal legs area $52 – $50 from where buyers are expected to show up to resume the rally within the main bullish trend or provide a 3 waves bounce at least.
KO Daily Chart 11.3.2019