Thursday, March 10, 2016
SP500 Stocks Index still at 2,000 Mark - Which Direction is Next? / Stock-Markets / Stock Markets 2016
By: Paul_Rejczak
Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,050, and profit target at 1,900, S&P 500 index).
Our intraday outlook is bearish, and our short-term outlook is bearish, as we expect a downward correction or short-term uptrend's reversal at some point. Our medium-term outlook remains bearish, as the S&P 500 index extends its lower highs, lower lows sequence. We decided to change our long-term outlook to neutral recently, following a move down below medium-term lows:
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Thursday, March 10, 2016
Silver Cheapest To Gold In 7 Years – ETF Holdings Surge / Commodities / Gold and Silver 2016
By: GoldCore
Silver hasn’t been so cheap relative to gold for more than seven years and with silver ETF holdings having surged in recent days, silver coin and bar demand very robust and mine supplies forecast to contract this year, there are signs that silver is set to resume its bull market and outperform gold once again.
Thursday, March 10, 2016
The US Dollar, What If Everybody is Wrong ? / Currencies / US Dollar
By: Rambus_Chartology
It’s been awhile since we last looked at the US dollar which has been consolidating its big impulse move up. The reason I haven’t posted it much is because it’s stuck in a sideways trading range going back over a year now.
99.9% of Market participants are either Bullish the Dollar , with all the implications including Lower Gold Prices or Bearish the Dollar, with the opposite implications .
However there are not two but THREE possible outcomes to this present trading range.
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Thursday, March 10, 2016
BrExit the Movie: EU Referendum LEAVE or REMAIN | Freedom or London Will Fall / ElectionOracle / EU_Referendum
By: Nadeem_Walayat
The EU referendum debate has resolved into a battle between the establishment on the one hand as represented by Britain and Europe's political elite including the bulk of both mainstream UK political parties (Conservative and Labour), the bankster's, including a scare mongering Bank of England, billionaires, tax dodging corporate giants and of course foreign european governments who are eager for the European Union to further dig its claws into Britain so that they may the european superstate socialist project (EUSSR).
Thursday, March 10, 2016
Stock Market Update / Stock-Markets / Stock Markets 2016
By: Brad_Gudgeon
Over the weekend, my thinking was we had higher prices ahead of us. I actually ignored the astrological reversal mid-zone of the Sun translating Neptune, Saturn and Jupiter on March 4th. My logic was the powerful, advancing MACD and momentum indicators. My main reservation was the lack of early volume.
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Thursday, March 10, 2016
Draghi On Deck... Stock Market Waiting On His Decision On Stimulus.... / Stock-Markets / Stock Markets 2016
By: Jack_Steiman
We have had a bifurcated market for the entire year. The Nasdaq is now down nearly 7% for the year, with the S&P 500 down only a drop over 2%. Why is that you ask? Simple really. The bear market is froth, but still hasn't died as evidenced by the action in the world of the FANG!! Facebook, Inc. (FB), Amazon.com Inc. (AMZN), Google Inc. (GOOG), and Netflix, Inc. (NFLX), all slaughtered big time today, along with all of them losing key, exponential moving averages. Some lost all three in today's action alone. Merciless selling in leaders with high beta and higher P/E's.
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Thursday, March 10, 2016
Kiss the Gold Bear Goodbye (But Wear a Helmet). . . / Commodities / Gold and Silver 2016
By: The_Gold_Report
Friday's morning action in gold has been at once both terrific and frothy, wonderful and scary, and redemptive and soothing, says precious metals expert Michael Ballanger.
My hedges are all getting blown to smithereens with the miniscule damage to my net worth being vastly outdone by the gargantuan damage to my ego as the power of the physical market is beating on the Commercials like rented mules and rag-dolling gold bears like common farm animals. The CNBC crowd are all taking complete ownership of the "gold trade" and everyone here in Toronto is scrambling for last-minute hotel rooms for PDAC inclusion.
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Thursday, March 10, 2016
Seven Small-Cap Biotech Stocks on the Upswing 2016 / Companies / BioTech
By: TLSReport
Biotech stocks—and the stock market in general—took a dive at the beginning of 2016, headed down on macroeconomic factors such as financial instability in China. The Life Sciences Report's 2016 Small-Cap Biotech Watchlist was not immune to that movement, heading into negative territory almost from the moment the selected companies were introduced. But as the market has shown signs of rebounding, so too has the Watchlist.
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Thursday, March 10, 2016
Stock Market Smart Money is Quietly Getting Out of Dodge / Stock-Markets / Stock Markets 2016
By: Anthony_Cherniawski
It appears that SPX may close between 1894.35 and 1992.69 as an “inside day.” This denotes uncertainty in the market. However, there is no uncertainty. This is the best it can do to prevent an all-out collapse.
ZeroHedge comments, “One week ago, when looking at the latest BofA client flow trend monitor, we noticed something strange: despite the S&P's surge higher due to either a record short squeeze or because it is merely another bear market rally, the smart money was selling.
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Wednesday, March 09, 2016
The Gold Bull Market Is Back... Will It Last? / Commodities / Gold and Silver 2016
By: MoneyMetals
Stefan Gleason writes: The gold bull is back. After trending downward for more than four years, gold prices have broken out to the upside with a gain of more than 20% off their December lows.
Gold’s crossing of the 20% threshold even caused the financial media to take notice. “Gold is now in a bull market,” reported CNNMoney (March 7, 2016).
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Wednesday, March 09, 2016
The Fed is About to Trigger Another Great Depression / Economics / Great Depression II
By: Graham_Summers
It’s literally 1937 all over again.
Many analysts have called for the Fed not to repeat its mistake of 1937.
That mistake?
Raising rates when the economy was already weak. Doing this prolonged the Great Depression.
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Wednesday, March 09, 2016
Humans Are Hard-Wired to Value Some People over Others / Politics / Social Issues
By: MISES
Andrew Syrios writes: One of the most persistent — and fallacious — argument against the libertarian or laissez-faire position is that libertarianism is an “atomistic” and “selfish” philosophy that denies the obvious truth that human beings are a “social species” who long for a strong sense of community.
Wednesday, March 09, 2016
European Migrants Crisis - Be Careful What You Wish For, Angela / Politics / Refugee Crisis
By: Raul_I_Meijer
What is perhaps most remarkable about the deal the EU is trying to seal with Turkey to push back ALL refugees who come to Greece is that the driving force behind it turns out to be Angela Merkel. Reports say that she and temp EU chairman Dutch PM Mark Rutte ‘pushed back’ the entire EU delegation that had been working on the case, including Juncker and Tusk, and came with proposals that go much further than even Brussels had in mind.
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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