Saturday, October 29, 2016
SPX Stock Market Downtrend Continues / Stock-Markets / Stock Markets 2016
By: Tony_Caldaro
The market started the week at SPX 2141. After a gap up opening on Monday, and a SPX 2155 high, the market pulled back into Wednesday hitting 2132. Another gap up opening on Thursday took the market to SPX 2147. But another pullback dropped to the SPX to 2119 on Friday. For the week the SPX/DOW mixed, and the NDX/NAZ lost 0.95%. Economic reports for the week were again mixed. On the downtick: consumer confidence/sentiment, new home sales, durable goods, and the WLEI declined. On the uptick: Case-Shiller, FHFA housing, pending home sales, Q3 GDP, plus weekly jobless claims declined. Next week will be highlighted by the FOMC meeting, the ISMs and monthly Payrolls. Best to your week!
Saturday, October 29, 2016
Washington Prepares For EMP While Internet Under Attack Since Transfer to the UN / Politics / Internet
By: Jeff_Berwick
Remember how we pondered whether the internet would be shut off (or highly censored) upon being transferred to the UN on October 1st? Just a few weeks later, large swathes of the internet went down. Coincidence or trial run?
We’ll get into that below.
Beforehand, however, there have been a number of new “Executive Orders” straight from the e-pen of Barack O’Bomber in the last few months of a “very strange” variety.
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Saturday, October 29, 2016
A Loaf of Bread, A Gallon of Gas, An Ounce of Gold / Commodities / Gold and Silver 2016
By: Submissions
Kelsey Williams writes: The average cost for a loaf of bread in 1930 was ten cents ($.10). The average cost for a gallon of gasoline was also ten cents. With gold priced in U.S. dollars at $20.00 to the ounce, you could at that time purchase two hundred loaves of bread or two hundred gallons of gasoline (or some combination thereof). Twenty dollars of paper currency OR one ounce of gold valued at $20.00, usually in the form of a U.S. Double Eagle ($20.00 gold coin, legal tender), were equal in “purchasing power”.
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Saturday, October 29, 2016
BEA Estimates US 3rd Quarter 2016 GDP Growth to be 2.91% / Economics / US Economy
By: CMI
In their first ("preliminary") estimate of the US GDP for the third quarter of 2016, the Bureau of Economic Analysis (BEA) reported that the growth rate was +2.91%, up +1.49% from the prior quarter.
Most of the reported improvement in the headline number came from a +1.77% quarter-to-quarter gain in inventories, a +0.96% rise in exports, and a +0.39% uptick in governmental spending. Offsetting those improvements was an aggregate -1.41% reduction in the headline number from softening consumer spending on both goods and services. Fixed investments remained in contraction at a -0.09% annualized rate.
Saturday, October 29, 2016
Negative Divergence in Gold Stocks Bodes for Lower Prices / Commodities / Gold and Silver Stocks 2016
By: Jordan_Roy_Byrne
You have heard it before from us and probably elsewhere. The miners lead Gold. We have seen this every major turn dating back 16 years and it can also be the case with respect to short and medium term trends. While the precious metals sector has rallied over the past few weeks, the rally has been weak and the gold stocks relative weakness in recent days bodes negatively for the sector.
Friday, October 28, 2016
Top 5 Machine Intelligence Mega-Trend Stocks to Invest In / Companies / Tech Stocks
By: Nadeem_Walayat
My recent video on the unfolding exponential machine intelligence mega-trend has generated much reader feedback, the foremost question being asked is which stocks to invest in to capitalise on the mega-trend. Firstly, if you have not already done so then do watch my video on the unfolding exponential machine intelligence mega-trend so that you gain an underlying understanding of why everything is about to change!
Friday, October 28, 2016
Gold Stocks Winter Rally / Commodities / Gold and Silver Stocks 2016
By: Zeal_LLC
The gold miners’ stocks have certainly had a wild ride this year. After initially skyrocketing out of deep secular lows into a mighty new bull market, they recently suffered a massive correction climaxing in an extreme plummet. This coincided with gold stocks’ major seasonal low in October. That heralds their strongest seasonal rally of the year heading into and through winter, a very bullish omen for coming months.
Gold-stock performance is highly seasonal, which certainly sounds odd. The gold miners produce and sell their metal at relatively-constant rates year-round, so the temporal journey through calendar months should be irrelevant. Based on these miners’ revenues, there’s no reason investors should favor them more at certain times of the year than others. Yet history proves that’s exactly what happens in this sector.
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Friday, October 28, 2016
$50 Trillion in Cash Is Sitting on the Sidelines Today / Stock-Markets / Financial Markets 2016
By: David_Galland
Dear Parader,
I have just come off what can only be described as “Hell Week” in opening Bad Brothers Wine Experience.
To give you a sense of the enterprise, below are photos of Bad Brothers four days before we opened, and a photo on opening day.
The dramatic difference between before and after is attributable to the way many Argentines approach a job. Weeks, or even months, can go by with modest progress, but when the deadline is staring them in the face like the proverbial onrushing train in the tunnel, 30 or 40 people show up at the door like the company of dwarves in The Hobbit.
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Friday, October 28, 2016
What's Next for Crude Oil; Higher Prices or Crash / Commodities / Crude Oil
By: Sol_Palha
"If the doors of perception were cleansed everything would appear to man as it is, infinite. For man has closed himself up, till he sees all things thru chinks of his cavern." ~ William Blake
2016 started with all the Drs of Gloom stating that oil was heading lower and many even predicted that it would trade down to $10.00. It was kind of interesting to watch this circus as there is a saying the cure for low prices is usually low prices. It would have made sense to take a firm stance against oil when it was trading above $100, but not when it was trading in the $30.00 ranges. These same experts were busy proclaiming higher prices when oil was trading north of $100.00. Only when oil was close to putting in a bottom, did they muster the courage to issue even lower prices; they would have been well served by simply keeping quiet. Experts were all trying to outdo each other; each one is releasing lower prices and a gloomier scenario. Here are some examples of the stories being put out at the time:
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Friday, October 28, 2016
Jim Rickards: Trump “Will Probably Win” and Gold “May Rise $100” Overnight / Commodities / Gold and Silver 2016
By: GoldCore
The US election is just two weeks away on November 8th, and one of Hillary Clinton’s most vocal critics on the business side is finance commentator and monetary expert Jim Rickards. Jim is in Sydney this week, armed with his latest book, hot off the press entitled ‘The Road to Ruin – The Global Elites’ Secret Plan for the Next Financial Crisis’ and gave an interesting television interview to ‘The Business’ on ABC Australia.
Rickards says that Trump “will probably win” and, if he does, stock markets will crash 10% and gold will rise $100 over night.
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Friday, October 28, 2016
Can Donald Trump, The Terminator Still Win the Election Despite, Pollsters, Bookies, Media and Pundits? / ElectionOracle / US Presidential Election 2016
By: Nadeem_Walayat
The more I watch the US election race the more one thing stands out above all others that the establishment media is just failing to get, and that is Donald Trump is no ordinary politician, far from it, the United States has not seen the likes of a character such as Donald Trump ever before and so I am not surprised that the media just don't get! Are not seeing what I am seeing, which is why virtually every day statements made by Trump that would have killed off any other candidate off months ago does not appear to have any effect on Donald Trump. Facts ? Fiction? Truth? Lies? It's all the same thing in the Trump Universe!
Friday, October 28, 2016
How Could Shift in Monetary Regime Affect the Gold Market? / Commodities / Gold and Silver 2016
By: Arkadiusz_Sieron
Some economists, including San Francisco Fed President John Williams, have recently suggested raising the FOMC’s 2-percent inflation objective or implementing monetary policy through alternative frameworks, such as price-level or nominal GDP targeting. It is not a mere academic debate, as the Bank of Japan increased its inflation target in a sense, as it committed “itself to expanding the monetary base until the year-on-year rate of increase in the observed consumer price index (CPI) exceeds the price stability target of two percent and stays above the target in a stable manner”. What are these frameworks and how could they, if implemented in the U.S., affect the gold market?
Friday, October 28, 2016
Nasdaq 100 Takes Out Support, S&P 500 Hangs on by a Thread / Stock-Markets / Stock Markets 2016
By: Harry_Boxer
The stock market indices had a very strong gap up at the opening today, they reached resistance, and then they came down pretty hard the rest of the session to finish negative on the day and near the session lows going away.
Net on the day, the Dow was down 29.65 at 18,169.68, but was 85 points higher at one point in the day. The S&P 500 was down 6.39 at 2133.04, 14 points off the high. The Nasdaq 100 was down 24.15 at 4836.45, nearly 50 points off the high. So you can see how that nasty reversal affected the market.
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Friday, October 28, 2016
How Big Is Your Gold and Silver Picture? / Commodities / Gold and Silver 2016
By: MoneyMetals
Whether you surf the Internet for information about the precious metals and mining stocks or receive newsletters by snail mail, you're exposed to predictions by all and sundry:
- How high will prices go?
- How long will it take?
- Will they remain elevated if/when they reach record nominal and/or inflation-adjusted highs?
Friday, October 28, 2016
Gold and Silver Connecting the Dots / Commodities / Gold and Silver 2016
By: P_Radomski_CFA
The USD Index confirmed the breakout above March highs, silver outperformed temporarily, miners underperformed and... Despite this bearish combination, precious metals didn't decline. Why wasn't that the case? Will they still slide or will they rally from here? Let's take a closer look at the charts and find out (charts courtesy of http://stockcharts.com).
Thursday, October 27, 2016
The Next Big Shoe to Drop – Student Loans / Interest-Rates / Student Finances
By: Dr_Jeff_Lewis
More than 40 million young Americans carry federal and private student loan debt – amounting to over $1 trillion. Defaults are on the rise and the issue has grown to become a nasty wealth transfer mechanism, as well as sad example of the failure of finance in general.
This week, President Obama announced a new initiative framed as a way of addressing the issue. Sadly, it is far from the mark, and just one more indication that monetary masters are the real puppeteers.
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Thursday, October 27, 2016
The Twists and Turns of the Greenback / Currencies / US Dollar
By: Steve_H_Hanke
At a monetary conference in Vienna back in 2014, the distinguished Frenchman, friend, and occasional collaborator Jacques de Larosière proclaimed that the current world monetary order should be termed an “anti-system.” He has a point – an important point. Among other things, such an anti-system invites an enormous amount of instability, as well as uninformed loose talk that influences public opinion and policy.Read full article... Read full article...
Thursday, October 27, 2016
Gold Chart of the Day / Commodities / Gold and Silver 2016
By: Gary_Savage
The first retest of the 200 DMA is the second best buying opportunity in a new bull market.
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Thursday, October 27, 2016
Obamacare Is Draining Our Financial Reserves / Politics / Healthcare Sector
By: John_Mauldin
Barack Obama will stop being president on January 20. He will leave behind the signature accomplishment of his eight years in office: Obamacare. Some see it is a disaster, and others see it as a triumph. But I think everybody agrees that there needs to be changes.
Yes, millions more people now have access to health insurance. That’s a very good thing—but access to health insurance is not the same as access to healthcare. And access to healthcare is not the same as access to affordable healthcare.
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Thursday, October 27, 2016
The US Is an Island of Stability in a Destabilizing World / Politics / GeoPolitics
By: John_Mauldin
Yet more proof that the grass is always greener on the other side of the fence. Despite Americans’ pessimism, world-famous strategic analyst George Friedman thinks that the US is in pretty good shape while “the entire Eurasian landmass is in a state of failure.”