Friday, June 02, 2017
Silver and NASDAQ Strength Will Reverse / Commodities / Gold and Silver 2017
By: DeviantInvestor
Bubbles come and go.
Silver and gold – 1980
Japanese Nikkei – 1990
NASDAQ – 2000
Mortgages and Real Estate – 2006
Bonds, Debt, Stocks, Real Estate – 2017
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Friday, June 02, 2017
Spread Betting Markets Seats Forecasts for UK General Election 2017 / ElectionOracle / UK General Election
By: Nadeem_Walayat
Normally one would imagine that the betting markets should usually be the most accurate predictor in terms of the probable outcomes of events such as elections given that there is nothing that focuses ones mind more then putting ones own money where ones mouth is, which clearly the pollsters NEVER do given that they tend to be consistently wrong AND tend to publish polls that range all over the place so that after the fact can point to an outlier poll to imply that they got the election result right when in reality they most definitely got it very badly wrong!
Friday, June 02, 2017
Has Permian Crude Oil Productivity Peaked? / Commodities / Crude Oil
By: OilPrice_Com
The U.S. shale industry might have just received a huge windfall with the nine-month extension of the OPEC cuts. Shale output was already expected to come roaring back this year, but the extension of the cuts provides even more room in the market for shale drillers to step into.
The sky is the limit, it seems. However, there are growing signs that the U.S. shale industry could be reaching the end of the low-hanging fruit. Or, more specifically, drilling costs are starting to rise and the enormous leaps in production that can be obtained by simply adding more rigs also appears to be running into some trouble.
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Friday, June 02, 2017
Trump's 'Arab NATO' Vision is a Desert Mirage / Politics / US Politics
By: STRATFOR
Ever since Teddy Roosevelt began a tradition of overseas state visits when he headed to Panama to check on his canal project in 1906, American presidents have chosen the destination of their first overseas visit with foreign policy theater in mind. The majority, from Dwight D. Eisenhower to Barack Obama, stayed close to home to focus on North America or the Caribbean Basin. Others, from Woodrow Wilson to Jimmy Carter, crossed the Atlantic amid wars hot and cold. Donald Trump, however, is the first to choose the Middle East for his foreign debut. His reach, in this case, may well exceed his grasp, especially when it comes to the concept of building an "Arab NATO" to manage the region.
Friday, June 02, 2017
The Silent Economic Boom / Economics / US Economy
By: Clif_Droke
[Note: I was recently interviewed by Kenneth Ameduri who hosts the Crush The Street internet show. In it I discuss my take on gold, stocks, Trump, the economy and Bitcoin. The interview can be found here: https://crushthestreet.com/videos/live-interviews/economic-bubble-burst-trumps-watch-clif-droke-interview]Though many Americans aren’t feeling it, the economy is quietly gathering forward momentum. With consumers gaining in confidence and real estate heating up on both the commercial and residential levels, the U.S. economy is much stronger than it may seem at first glance.
Friday, June 02, 2017
EURUSD Might be Forming a Double Bottom Pattern / Currencies / Euro
By: Franco_Shao
EURUSD might be forming a double bottom pattern on its weekly chart. The first bottom is at the March 2015 low of 1.0462, the second bottom is at the January 2017 low of 1.0340, and the neckline is from the August 2015 high of 1.1713 to the May 2016 high of 1.1616, now at around 1.1450. The price has to break through the neckline before confirming this reversal formation.
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Friday, June 02, 2017
Terrific Stock Market Day for Wall Street / Stock-Markets / Stock Market 2017
By: Harry_Boxer
The stock market started off the month with a big bang, first gapping up, and then pulling back sharply, like it did yesterday, except today it rallied the rest of the day, finishing at the highs for the day going away and at new all-time highs.
Net on the day, the Dow was up 135.53 at 21,144.18. The S&P 500 was up 18.26 at 2430.06, closing at the highest close in its history and at the high for the day. The Nasdaq 100 was up 27.71 at 5816.51, closing within pennies off the high for the day and new all-time high.
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Friday, June 02, 2017
...It is coming.' Read What Robert Prechter Sees around the Corner / Stock-Markets / Financial Markets 2017
By: EWI
Dear Investor,
"That time still lies ahead, but it is coming." - Robert Prechter says on the first page of his Elliott Wave Theorist.
The major market Bob refers to could be the opportunity of a lifetime. And the quote above could be considered the theme of this issue.
It's because of issues like this that Elliott Wave International's subscribers survived and thrived throughout the Great Recession as well as the bull run that followed -- one of the longest, steepest in history.
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Friday, June 02, 2017
Will Sheffield Labour Lose MP Seats in BrExit Election 2017? / ElectionOracle / Sheffield
By: Nadeem_Walayat
A perfect storm is about to hit the Labour party where even Labour MP's in the capital city of the Peoples Socialist Republic of South Yorkshire may not be immune to what is likely to transpire, a wipeout of the Labour party at the polls where the driving forces are BrExit, as Theresa May makes a convincing argument for requiring a large majority towards helping ensure the strongest possible hand during the BrExit negotiations without subversion from the Scottish Nationalists or Labour's borrow and spend agenda. After all Sheffield did vote for BrExit.
Thursday, June 01, 2017
About My Healthy Economic Fear of the Chinese / Economics / China Economy
By: Harry_Dent
There’s an old adage in finance concerning borrowing and lending: If you owe the bank $1 million, you have a problem. If you owe the bank $100 million, the bank has a problem.It’s all about scale.
When it comes to countries and markets, there is no scale, and therefore no problem, like the Middle Kingdom.
China is the land of the “biggest.”
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Thursday, June 01, 2017
President Trump’s Impending Resignation and Declaration of Victory / Politics / US Politics
By: Harry_Dent
This is what I predicted the day after Trump’s election.He has the impulse control of a grease fire. And he certainly can’t admit when he’s wrong, even though he changes his mind on one policy or view after the next.
There’s something disturbing about that. More disturbing than Richard Nixon’s paranoia that led to the Watergate scandal. Read full article... Read full article...
Thursday, June 01, 2017
Gold Price Moves Higher but Miners Don’t / Commodities / Gold and Silver 2017
By: P_Radomski_CFA
Yesterday’s session was yet another one in row when mining stocks underperformed the yellow metal, which continues to have bearish implications. Nonetheless, gold moved to new short-term highs and in today’s alert we’re going to discuss the implications of this move.
In short, there are no important ones. Let’s see why (charts courtesy of http:/stockcharts.com).
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Thursday, June 01, 2017
Stocks Extend Channel, Possible Super-Bull Run? / Stock-Markets / Stock Market 2017
By: Chris_Vermeulen
Recently, lots of news items have been discussing the run in the US equity markets and “how long can it go on like this?”. Our analysis of the markets shows us that many of these industry analysts are failing to consider one very important factor in much of their results. We wanted to share this with you through our own analysis so you have a clear picture in your head regarding the potential for US equities.
In our opinion, most of the industry leading analysts are developing conclusions based on Keynesian models that fail to adjust to recent disruptions in the global markets. Keynesian theory is focused on aggregate demand and the variations of this demand factor through normal and recession/depression economic events. In simple terms, as economies falter, Keynes suggested demand would suffer as a result of constrictions within the overall economy as a natural factor. His theories were radically opposed to those of the times (early 1900s) and proposed that government intervention to support demand would provide a more substantial economic recovery as savers would be converted into consumers and economic activity would inherently increase.
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Thursday, June 01, 2017
Is the Energy Rally Running out of Gas ? / Commodities / Natural Gas
By: Rambus_Chartology
Today I would like to update some charts for Natural Gas and oil which appear to be building out a topping formation. If these patterns play out there is a lot of room to the downside we can take advantage of. There has been a lot of backing and filling, but it looks like this may be coming to an end and we may finally get the impulse move down.
$NATGAS has been building out a 1 year H&S topping pattern and just recently completed the high for the right shoulder. This daily chart shows a blue 5 point bearish rising flag that broke below the bottom rail today. A backtest to the underside of the 5 point bearish rising flag would come in around the 3.18 area which would represent a low risk entry point to go short natural gas. The possible neckline is still quite a bit lower which would be another low risk entry point if the neckline gives way.
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Thursday, June 01, 2017
Gold Benefits from Uncertainty Thanks to Twitter and UK Election / Commodities / Gold and Silver 2017
By: GoldCore
- Gold hits five-week high
- Reaches $1,273.74/oz, highest since April 25th
- Sterling recovers after UK polls point towards a hung Parliament
- Expected Fed-tightening capped gains
- 90-dead in Kabul, further signs of increasing tension in Middle East
- Trump expected to pull out of Paris Accord and Trump’s anti-Iran axis already feuding
Thursday, June 01, 2017
Russia’s Disinformation Seems To Work—But It Doesn’t / Politics / Russia
By: John_Mauldin
BY GEORGE FRIEDMAN : From its founding, the Soviet Union ran campaigns designed to destabilize and neutralize potential enemies. Disinformation was and is the name of the game.
After the Russian Revolution, Lenin founded the Third International to support Communist parties around the world. Soviet intelligence ran disinformation campaigns. These campaigns were designed to undermine national governments, to discredit leading figures, and so on.
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Thursday, June 01, 2017
Brace Yourself for The Debt Great Reset / Interest-Rates / Global Debt Crisis 2017
By: John_Mauldin
We are coming to a period I call “the Great Reset.”
As it hits, we will have to deal with the largest twin bubbles in the history of the world. One of those bubbles is global debt, especially government debt. The other is the even larger bubble of government promises.
These promises add up to hundreds of trillions of dollars. That’s vastly larger than global GDP.
These are real problems we must face. It will mean forging a new social contract. It will also require changes to taxes and the economy. I believe that within the next 5–10 years, we have to end the debt and government promises.
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Thursday, June 01, 2017
The Next Recession May Be A Complete Reset Of All Asset Valuations / Economics / Recession 2017
By: John_Mauldin
Sometime this year, world public and private plus unfunded pensions will surpass $300 trillion. That is not even counting the $100 trillion in US government unfunded liabilities. Oops.
These obligations cannot be paid. A time is coming when the market and voters will realize this.
Will voters decide to tax “the rich” more? Will they increase their VAT rates and further slow growth? Will they reduce benefits? No matter what they decide, hard choices will bring political turmoil.
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Thursday, June 01, 2017
Stocks Fluctuate Along Record High - Which Direction Is Next? / Stock-Markets / Stock Market 2017
By: Paul_Rejczak
Our intraday outlook remains neutral, and our short-term outlook is neutral. Our medium-term outlook remains neutral, following S&P 500 index breakout above last year's all-time high:
Intraday outlook (next 24 hours): neutral
Short-term outlook (next 1-2 weeks): neutral
Medium-term outlook (next 1-3 months): neutral
Long-term outlook (next year): neutral
Thursday, June 01, 2017
How Low Could Crude Oil Price Go? / Commodities / Crude Oil
By: Nadia_Simmons
Although crude oil climbed above the level of $50 yesterday, this improvement was very temporary and the black gold closed the day below this barrier. In this way light crude invalidated the earlier breakout, which will likely trigger further declines. How low could the commodity go in the coming days?