Wednesday, March 09, 2016
Gold and Hillary’s Scary New Cash Tax / Stock-Markets / War on Cash
By: Casey_Research
By Justin Spittler
The largest underground currency market in history...how to make huge investment gains from negative interest rates...none dare call it a tax.
Editor’s Note: This is the most important Dispatch we’ve published all year.
You won’t find our regular daily market commentary in this issue. Instead, you’ll find an urgent message from Casey Research director Brian Hunt. Right now, the government is planning a secret new tax. It involves a new way of taking money directly from your bank account…
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Wednesday, March 09, 2016
Stock Market SPX Bounce / Stock-Markets / Stock Markets 2016
By: Anthony_Cherniawski
The impulsive decline in SPX appears to be in need of a correction this morning. Currently the Premarket is higher, but beneath the 38.2% retracement level at 1989.54. We may see a further probe higher after the open to either the 50% retracement level at 1993.28 or the 61.8% retracement level at 1997.02. The retracement may go back to touch the lower trendline of the Bearish Pennant near 2001.00 – 2002.00, but that would be the extreme.
Wednesday, March 09, 2016
Gold Price Could Surge To $8,000/oz On Negative Interest Rates – Lassonde / Commodities / Gold and Silver 2016
By: GoldCore
The gold bull market has returned and gold could surge over 1,000% to $8,000 per ounce in the coming years according to legendary gold investor, Chairman of Franco-Nevada Corporation and former Chairman of the World Gold Council, Pierre Lassonde.
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Wednesday, March 09, 2016
International Trade Sinks with the Baltic Dry Index / Economics / Global Economy
By: BATR
Economists and professional investors follow the Baltic Dry Index because it is a leading indicator on the forecast for international trade. A week ago this gauge hit an all time low. Since then a small upturn has moved the index upward slightly. Hellenic Shipping News observes in Baltic Dry Index climbs to 349, up 7.
“Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesday the 10th of February 2016, when the index dropped to 290 points.”
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Wednesday, March 09, 2016
OECD Warns Leading Indicators Point to Slower Global Economic Growth / Economics / Global Economy
By: Mike_Shedlock
Pitifully Late Recognition of the Obvious
It's been pretty clear that the global economy has been slowing for some time, but recognition of that fact has been pitifully slow.
In January, the Fed still believed it would get in four rate hikes this year. The IMF also held to its overoptimistic global growth estimates.
Amusingly, the Fed still believes recent weakness is "transitory", but the always late to the party IMF changed its tune today in the wake of miserable trade data from China.
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Wednesday, March 09, 2016
Another Down Day for the Stock Market Indices / Stock-Markets / Stock Markets 2016
By: Harry_Boxer
The stock market indices had a rough session. They gapped down hard at the opening, bounced to support, and retested in the morning, which enabled them to rally midday. The Nasdaq resistance at 4310 was too much to overcome as was 1995 S&P 500, and they sold off in the afternoon. They not only sold off, but made nominal new lows late in the day, before bouncing slightly, essentially closing at the lows for the day.
Net on the day, the Dow was down 109.85 at 16,964.10. The S&P 500 was down 22.50 to 1979.26. The Nasdaq 100 was down 37.82 to 4265.51.
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Wednesday, March 09, 2016
China And Fracking: The Pillars Of “The Recovery” Are Crumbling / Economics / China Economy
By: John_Rubino
When historians sort out this era of once-a-decade financial bubbles, they’ll marvel at how dissimilar the drivers of each boom were. The junk bonds of the 1980s were essentially leveraged tools for extracting wealth from companies. The dot-coms of the 1990s were vehicles for exotic new technologies and untested business models. The sub-prime mortgages and credit default swaps of the 2000s were semi-fraudulent fee-generation schemes.
All, in retrospect, were strange, unsteady foundations on which to build a global economy. But they look positively sane compared to the pillars of the current expansion: China and fracking.
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Wednesday, March 09, 2016
Gold’s Next Move And Price Target / Commodities / Gold and Silver 2016
By: InvestingHaven
As discussed a couple of weeks ago, Rob Tovell outlined several price targets for gold. As the first ones are hit, the next target comes in around $1345. However, that target will not be met in a straight line, and volatility is entering the gold market right here right now.
The key challenge for gold is best visible in the weekly chart. That is the first chart discussed in the video which is embedded below.
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Wednesday, March 09, 2016
President Obama Peddling Fiction, Ignoring Fact / Politics / US Politics
By: Peter_Schiff
In his seventh, and final, State of the Union address this January, President Obama, clearly looking to bolster his legacy as the president who vanquished the Great Recession, boldly asserted that "Anyone claiming that America's economy is in decline is peddling fiction." Unfortunately for the President, more and more Americans seem to believe (with an adequate basis in proof) that the fiction is emanating from the White House.
Wednesday, March 09, 2016
Commodities Jump on US Dollar Weakness / Commodities / Commodities Trading
By: Donald_W_Dony
With the U.S. dollar drifting lower over the past four months, most commodities are feeling a strong tailwind blowing their way.
Dollar bulls were hoping for a more aggressive program of interest rate increases, but instead the Fed dialed-back the number from four to two this year. The US$ pulled away from its high of $100.60 and formed a series of lower levels.
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Wednesday, March 09, 2016
UEFA Champions League Now 20 Times Harder To Win! (Walkers Crisps Promo) / ConsumerWatch / Freebies and Comps
By: Adnaan_Walayat
It's several days since we warned that it was increasingly looking like the Walkers Crisps promo was to all in tents and purposes over, as it was becoming near impossible to win any prizes. We'll now a few days on and some 100 entries I can confirm several facts that will save you a lot of time and money, especially as officially the promo has another 6 weeks to run. Top of the list is the fact that in our experience it is now about 20 times harder to win a prize than just a week ago. Watch the video for the all of the info.
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Tuesday, March 08, 2016
Trump vs. the Stock Market / Stock-Markets / Stock Markets 2016
By: Clif_Droke
The broad equities market has gotten a respite from the selling pressure which plagued it for the last few months. Some of this can be attributed to the Kress cycle “echoes” which we reviewed earlier this year. The echoes, which are based on the 6-year, 10-year, and 30-year cycles, suggested that stocks could experience a rally in the March-April time frame based on past rhythms. To date that expectation has materialized as traders cover short positions that were built up to excessive proportions in prior months.
Tuesday, March 08, 2016
Stocks Bear Market Rally End It’s Close… very close / Stock-Markets / Stocks Bear Market
By: Ed_Carlson
The biggest rallies occur in bear markets and equities have had an impressive run after leaving behind a double-bottom in January and February - but the “end is near”. In election years, March is a seasonally strong month for equities but this year, the March rally got started early in the first half of February. Several signs point to a top either last Friday or sometime this week.
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Tuesday, March 08, 2016
Learning to Trade - Do You See a Pattern You Recognize? If Not, Move On (Video) / InvestorEducation / Learn to Trade
By: EWI
Watch a sample of the type of lessons you'll get during Trader Education Week
Jeffrey Kennedy has taught lots of classes, seminars and webinars in his years here at EWI, but my favorite message of his is this:
"Do you see a pattern on the price chart you are looking at on your screen? If not, then move on to the next price chart."
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Tuesday, March 08, 2016
Waning Enthusiasm for Stock Buybacks Signals Major Stock Market Reversal / Stock-Markets / Stock Markets 2016
By: EWI
"State of the Global Markets Report -- 2016 Edition" (excerpt)
Editor's note: The following article was adapted from the just-published State of the Global Markets Report--2016 Edition, one of our most anticipated annual reports for technically minded investors and analysts around the world. We are making the first 10,000 copies of this $99 report available 100% free. Click here to get your free copy now >>
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Tuesday, March 08, 2016
U.S. Treasury Shorts Pounded into the Ground / Interest-Rates / US Bonds
By: Anthony_Cherniawski
This has got to be a decline for the records. There is nothing else like it in this chart. The treasury shorts are getting nailed.
ZeroHedge reports, “Over the past week we have been following a disturbing development in the US Treasury market: while the repo rate on the 10Y has been sliding deep into negative territory for a while, on Friday it finally hit the "fails charge" of -3.00%, suggesting there is a massive shortage of Treasury paper as a result of wholesale shorting by various market participants.
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Tuesday, March 08, 2016
Let's Make the Banks Responsible / Companies / Banksters
By: Rodney_Johnson
It’s no secret I can’t stand most banks, particularly Bank of America. The institution is doing its best to get rid of any customer service that ever existed (fewer tellers, pushing clients to online services, etc.) while airing sappy ads about how much they care. Care about what? Their bonuses? Certainly not their customers.But even with my long-standing grudge against B of A, I’m not joining the chorus calling for greatly increased regulation or busting them up along with the other big banks.
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Tuesday, March 08, 2016
Gold Market Overview / Commodities / Gold and Silver 2016
By: Arkadiusz_Sieron
Despite gold's historical role as money, the contemporary gold market is rather young. Until March 15, 1968, when a two-tier market for gold was established, the price of gold was maintained at a predetermined level (or rather, national currencies were defined as unit weights of gold). From that time, the market forces shaped the price of gold. In 1971, the gold standard was abandoned and the two-tier market came to an end and central banks started transactions in gold at market prices. As the International Monetary Fund pointed out in the paper "The Structure and Operation of the World Gold Market", "since then, a global market for gold as an asset in its own right has developed, remaining open around the clock and using a full range of derivative paper instruments".
Tuesday, March 08, 2016
Silver Price Rise Will Be Quick And Sudden / Commodities / Gold and Silver 2016
By: Hubert_Moolman
The rise of silver and the collapse of the monetary system is inescapably linked, since the monetary system is built upon the suppression of silver. Collapse by definition suggests: to break or fall suddenly. This is exactly what will happen to the international monetary system, very soon.
Therefore, silver's rise will likely be very quick or sudden. It is for this reason that one cannot really trade this coming silver bull market. The best option is to keep on increasing one's silver ounces. When the time comes, silver will explode higher suddenly; for example, it could be possible that it rises $10, $20, $100 a day, until you cannot buy it with fiat money.
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Tuesday, March 08, 2016
Stock Market Myths, and What’s Wrong with the Economy / Stock-Markets / Stock Markets 2016
By: Tony_Caldaro
Stock market myths
Over the decades we have all learned to accept that earnings drive stock prices. Rising earnings – rising stock markets and stocks. Falling earnings – falling stock markets and stocks. In fact, there have been numerous studies, using current, future and lagging earnings, to determine an appropriate market price earnings multiple. Then standard deviations from that multiple are used to suggest a risk-on or risk-off investment climate.
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