Wednesday, March 16, 2016
U.S. Dollar Outlook: Peak Dollar? / Currencies / US Dollar
Is the dollar's seemingly relentless rise in recent years coming to an end? What are the implications not only for the greenback, but other currencies and markets around the world?
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Wednesday, March 16, 2016
Stock Market Bear Counter Rally Continues / Stock-Markets / Stock Markets 2016
Europe continues to disintegrate politically.
On the 26th of February the Irish people went to the polls in a general election. Nearly 3 weeks later a government has not been formed due to the fact that no main party won an outright majority. It looks like this instability will remain for at least another month or so. Spain went to the polls 3 months ago and still no government has been voted in. Belgium was unable for 541 days to form a government, following its general election in 2010.
Wednesday, March 16, 2016
NUGT, ERX and LABU Charts of the Day / Companies / Company Chart Analysis
Way back in December I called attention to the huge explosion in volume in the triple leveraged mining fund NUGT. The same thing is now occurring in the energy and biotechnology sectors.
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Wednesday, March 16, 2016
U.S. House Prices Forecast 2016 - Video / Housing-Market / US Housing
The most recent release of US House prices data for December 2015 (Case Shiller 10 City Composite) continues to show little change at 197.21 against 197.40 of 4 months earlier which means that US house price inflation has spent virtually the whole of 2015 within a tight range of between +5% and +4%, which whilst stable is nevertheless a far cry from early 2014 that had house price inflation galloping ahead at near 14% per annum.
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Wednesday, March 16, 2016
The Four Blind Mice At the Cliff, Booms Built Reserves, Busts Liquidate Them / Stock-Markets / Financial Markets 2016
"They Keynesian economists urge adoption of a "managed currency" and various forms of government intervention in the economic life of its fellow citizens. The idea is that government should supply an economic wisdom that private enterprise lacks or is unable to use. But even these economists see the uneconomic results of the government intervention which they advocate....Can government ever supply private enterprise with an economic wisdom which it would otherwise lack?" - Away From Freedom (1952) Vervon Orval Watts, pg 70
"Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate secretly and unobserved, an important part of the wealth of their citizens....As the inflation proceeds and the real value of the currency fluctuates wildly from month to month, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless; and the process of wealth-getting degenerates into a gamble and a lottery." - The Economic Consequences of Peace (1919) John Maynard Keynes, pg 235 & 236
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Wednesday, March 16, 2016
Corporatists Mobilize to Prevent TPP Opposition / Politics / TPP
No better example on how the actually world operates can be found than the Corporatist argument that all the opposition to TPP is just wrong. Really ??? Understand that the record of trade agreements have been greatly beneficial to Transnational Corporations. So it is natural that enterprises that seek to crush competition, favor the term FREE, when in reality the practice of conducting commerce on highly structured agreements, eliminates upstarts and squeeze out weak rivals. TPP has finally taken off the mask for all to see.
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Wednesday, March 16, 2016
USD/JPY - Short-term Consequences of Long-Term Resistance / Currencies / Forex Trading
Earlier today, the Bank of Japan kept interest rates unchanged at -0.10% which pushed the yen higher against the greenback. What does it mean for USD/JPY?
In our opinion, the following forex trading positions are justified - summary:
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Wednesday, March 16, 2016
Crude Oil Price Due for a Pit Stop / Commodities / Crude Oil
Crude gained $2.58 last week to close at 38.50 - on the declining trendline and the 50% retracement of the October decline. My bandwidth indicator has turned down indicating that the rally is long-in-the-tooth. On Friday, crude tested 39.00 which makes the February rally equal to 150% of the January rally; a natural stopping point.
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Tuesday, March 15, 2016
The Fed Just Confirmed Inflation is Here / Economics / Inflation
As we warned last week, the inflation genie is out of the bottle…
We now have confirmation that the Fed is aware of this…
Two key Federal Reserve officials said Monday they expect inflation to get closer to the central bank’s target…
Their comments came after data late last month that showed core inflation rose 1.7 percent in the 12 months ended in January.
Source: CNBC
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Tuesday, March 15, 2016
Presidents are Selected by Blood and Bankster's Clinton and Trump Distant Cousins? / ElectionOracle / US Presidential Election 2016
In the previous essay, The CIA’s Presidents, the influence of the intelligence community in directing and controlling the office of the presidency is presented. But before the clandestine spooks developed their sway on policy and intrigue, the absolute power behind the throne, crowned their lineage selection with the full mashaḥ anointing from the Bankster tribe. The masses are not part of this universe. Their role is to bow down to the chief executive that has been picked for them to obey. The actual person is less important than keeping the line of authority in the family.
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Tuesday, March 15, 2016
Runaway Credit is the Biggest Threat to Life as We Know It - Video / Interest-Rates / Credit Crisis 2016
Transcript excerpt: Tuesday March 15 2016 today I'm gonna be talking about runaway credit
and how life as we know is under threat from runaway credit debt I don't wanna
sound alarmist but I think I need to cover this subject
I'll start out with a comment John Pierpont Morgan JP Morgan back in 1912 the poo poo joe meat committee
hearing at the EUS House of Representatives here he was asked what
gold was and he said money is gold and nothing else they they don't have a
variations that this and some people say that he said money is golden everything
else is credit but I think he was that's a misquote patient but it still serves
Tuesday, March 15, 2016
Global Stakes for the Brexit Vote / ElectionOracle / EU_Referendum
On February 20th, UK Prime Minister David Cameron announced that the 'in/out EU referendum' he had promised in the campaign for the last parliamentary vote would finally take place on June 23rd. The outcome of the long-promised vote could have a tremendous impact not merely on the future of Mr. Cameron and his coalition but on the economic future of Great Britain and much of the world, including the European Union (EU) and the United States. It's arguable that the referendum will be the most significant vote the world will see between now and the U.S. presidential ballots in November.
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Tuesday, March 15, 2016
Bitcoin Price Not Far from $400 / Currencies / Bitcoin
In short: short speculative positions, target at $153, stop-loss at $515.
Microsoft has dropped Bitcoin from its Microsoft Store, we read on the Fortune website:
Back at the end of 2014, Microsoft started allowing many people to pay money into their accounts using bitcoins. However, it has now quietly removed the option.
The change applies to both Windows 10 and Windows 10 Mobile, meaning people won’t be able to top up their balances with bitcoins in order to buy games, music and so on.
It’s not clear why Microsoft has suddenly gone cool on Bitcoin, but it is worth noting that it never went all in — the feature never saw a wide geographical rollout, and Microsoft never accepted bitcoin for its own products and services.
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Tuesday, March 15, 2016
Zero-Hour for the Precious Metals… - / Commodities / Gold and Silver Stocks 2016
Just as the world was breathing a massive and collective sigh of relief that a new bull market in gold and silver had arrived with all the pomp and pageantry of a Royal Wedding, the Barbarians climbed the walls and are now very close to razing the palace, says precious metals expert Michael Ballanger.
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Tuesday, March 15, 2016
Stock Market Trading Cycle inverts... / Stock-Markets / Stock Markets 2016
Good Morning!
SPX closed yesterday above both its 200-day Moving Average at 2019.41 and its mid-Cycle support/resistance at 2012.67. However, this morning’s Premarket seems to have knocked it off both perches.
Today we have an inverted Trading Cycle Pivot. I originally anticipated it to be a Cycle low, as the vast majority of Trading Cycle Pivots are. Today’s Pivot corresponds with the November 16 and January 20 lows. As a result, I had miscalled the rally, expecting it to end much sooner. It appears that the rally far exceeded many other analysts calls as well.
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Tuesday, March 15, 2016
Gold and Silver Rally Could Have Durability – SWOT Analysis / Commodities / Gold and Silver 2016
Gold and silver’s fundamentals look good and the rally in bullion and gold stocks may have durability points out Frank Holmes of U.S. Funds writing in Gold Seek today.
In his weekly SWOT analysis – strengths, weaknesses, opportunities and threats – of the precious metal markets, Holmes notes that:
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Tuesday, March 15, 2016
Stock Market Crash is Imminent - This Chart Explains Everything... / Stock-Markets / Stock Market Crash
The story on Wall Street and CNBC continues to be that we’re in a correction and this is a buying opportunity. Even Warren Buffett joins the chorus of stock market cheerleaders for the skeptical public. Well, I agree with the skeptical public, not the experts here!
The bull market from early 2009 into May 2015 looks just like every bubble in history, and I’m getting one sign after the next that we did indeed peak last May.
I’ve been telling our Boom & Bust subscribers for months now that the dominant pattern in the stock is the “rounded top” pattern I show in the chart below:
Tuesday, March 15, 2016
The Next Level of Monetary Policy / Interest-Rates / Central Banks
There’s an old adage in economics that the best way to cure deflation is to drop money from helicopters. Clearly this phrase isn’t older than mid-20th century, because before that time we didn’t have helicopters… we also didn’t have manipulative central banks. But now we have both, and they are about to join forces.The helicopter statement isn’t meant literally. It conveys how central banks approach an economy when mainstream – and even out of the mainstream – monetary policies have failed.
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Tuesday, March 15, 2016
The World’s Worst Central Bank - Banco Central de Venezuela / Interest-Rates / Central Banks
The Banco Central de Venezuela (BCV) wins the prize as the world’s worst central bank – at least for the time being. Venezuela’s annual inflation has been in triple-digit territory for more than three years. As the accompanying chart shows, the implied annual inflation rate soared as high as 800% last summer. Since then, inflation has fallen to its current 320% annual rate. This is still well above the phony 180.9% annual rate reported by the BCV in December.
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Tuesday, March 15, 2016
Sharp Rise in UK Mortgage Deal Freebies / Housing-Market / Mortgages
In recent years the mortgage market has become an arena for fierce competition, with providers vying to have the lowest deals on the market to attract new customers. But as rates have been slashed, providers have begun to look beyond the headline rate in order to catch the eye of new borrowers. As a result, more and more providers are choosing not to compete on price alone but to also focus on the incentive packages accompanying their mortgages.
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