Tuesday, October 27, 2015
Stock Market Consolidation....S&P 500 2079 Gap Next Up....Then 2134.... / Stock-Markets / Stock Markets 2015
If ever there was a time for a brief newsletter, today is that day. There is literally nothing to add from Friday's report. Every market pauses from time to time no matter what direction it's moving in directionally. A pause to refresh. That's exactly what we saw today. The market made a strong move, and, thus, got overbought not only on the short-term charts, but on the daily charts as well. Daily charts hang in better at overbought, but those short-term charts do need occasional unwinding. We got a bit of that today, although nothing special as those ravenous-retail bulls are looking to buy all dips for the moment.
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Tuesday, October 27, 2015
Gold Investors Stick to Your Guns—Hold on to Those Mining Shares / Commodities / Gold and Silver Stocks 2015
Do you have wealth insurance? Tocqueville Gold Fund Portfolio Manager John Hathaway has studied the past and he sees a bright future for those who have taken the precaution of protecting themselves from the downside of a general bear market by buying resource mining stocks when they are at historic low prices. In this interview with The Gold Report, Hathaway shares the names the fund is holding as ammunition for a better gold market.
The Gold Report: John, you have studied the fundamentals of gold through history. What is behind the current market prices, and what will it take to move prices higher again?
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Tuesday, October 27, 2015
The Age of Religion - Judaism, Christianity and Islam Science Secrets Revealed - Video / Politics / Religion
The scientific secrets contained within the worlds major religions of the book (Judaism, Christianity and Islam) are revealed including of the sun, moon, earth and universe and human origins. Find out the true meaning of the 'Age of Religion' and what it means for mankind.
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Monday, October 26, 2015
Precious Metals Starting To Produce Some Winners / Commodities / Gold and Silver Stocks 2015
Everybody who’s owned gold and silver mining shares through a couple of cycles has their favorite story of the stock that took off and ran away. There was Glamis Gold, which rose from $1 to $40 in the space of a few years before selling out to Goldcorp. And Silver Wheaton, which soared from $3.45 in 2008 to over $40 in 2011. And many, many more.
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Monday, October 26, 2015
Stock Market’s Technical Strength Grows / Stock-Markets / Stock Markets 2015
The Continued Hollowing Out Of European Industry.
“The power of producing wealth is infinitely more important than wealth itself; it insures not only the possession and the increase of what has been gained, but also the replacement of what has been lost.” Freidrich List "The National System of Political Economy"
I always believed the above quote by Freidrich List and I could never understand the modern politician’s obsession with “free trade”.
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Monday, October 26, 2015
Fed Set to Spook the Markets Once Again! / Stock-Markets / Stock Markets 2015
The charts below show that the recent rally is just fodder for the beast. Prior to the last FED meeting on September 17, I warned of an impending sell-off due to the FED's statements. The S&P 500 fell from a high of 2020 to a low of 1871 in 8 trading days or about 7.3%! The BIG question this time is "how low?" not IF.
I have two downside targets: SPX 1913/15 and SPX 1828/30. Astro-wise, early this week, we have the "George Bayer Rule" of Mercury crossing the same path the sun did during a prior eclipse. The last time we saw this, the SPX fell 236 point in 4 trading days (late August 2015). We also have Mars joining in this time with Mercury.
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Monday, October 26, 2015
The Global Depression and Deflation Is Currently Underway! / Economics / Deflation
"The clear and present danger is, instead, that Europe will turn Japanese: that it will slip inexorably into deflation, that by the time the central bankers finally decide to loosen up it will be too late." Paul Krugman, "The Euro: Beware of What you Wish for", Fortune (1998)
Most central bank policy makers, investors, and analysts around the world today are gripped by the worry of declining growth rates, dwindling international commodity prices, high unemployment, and other macroeconomic figures.
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Monday, October 26, 2015
Big News This Week on the Fed, Debt Ceiling, and Physical Silver Premiums / Commodities / Gold and Silver 2015
Clint Siegner writes: Gold and silver spot prices lost ground to a strengthening U.S. dollar last week. The dollar enjoyed its best week in 5 months, as other major world currencies weakened. European central bankers are once again hinting at more stimulus, and the Chinese government cut interest rates for the 6th time in the past year.
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Monday, October 26, 2015
Someone Is Spending Your Pension Money / Personal_Finance / Pensions & Retirement
“Retirement is like a long vacation in Las Vegas. The goal is to enjoy it to the fullest, but not so fully that you run out of money.”– Jonathan Clements
“In retirement, only money and symptoms are consequential.”– Mason Cooley
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Monday, October 26, 2015
Green Light Silver – Part 2 / Commodities / Gold and Silver 2015
In part one we stated that “Silver looks like it has bottomed and will move substantially higher.” In summary:
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Monday, October 26, 2015
US Stocks Snorting Bull Market / Stock-Markets / Stock Markets 2015
I have some free time tonight and the better part of the day tomorrow to post a few charts before I have to catch my flight home on Tuesday. I just want to thank you again for you patience.
Lets take a quick look at the daily INDU chart I posted on Wednesday that now shows the breakout of the rounding top trendline. So far so good.
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Monday, October 26, 2015
House Benghazi Hearings: Too Much Too Late / Politics / US Politics
Last week the US House of Representatives called former Secretary of State Hillary Clinton to appear before a select committee looking into the attack on a US facility in Benghazi, Libya, in 2012. The attack left four Americans dead, including US Ambassador to Libya, Chris Stevens.
As might be expected, however, the "Benghazi Committee" hearings have proven not much more than a means for each party to grandstand for political points.
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Monday, October 26, 2015
Children’s Savings Account Rates Worsen / Personal_Finance / Savings Accounts
The latest research by Moneyfacts.co.uk reveals that some child savings accounts have received shocking rate cuts over the course of 2015, with some deals now paying as little as 0.10% yearly.
The average children’s savings account currently pays 1.56% yearly*, down from the 1.61% paid a year ago. While this may seem like only a small drop across the market, this average masks the fact that some individual deals have had severe rate cuts.
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Monday, October 26, 2015
The 24/7 U.S. Election and Media Carousel / ElectionOracle / US Presidential Election 2016
The national news media—and their sidekicks, the cackling pundits—had been asking the same questions the past six months. “Will he? Won’t he? Should he? Shouldn’t he? Can he? Can’t he?”
The “he” is Joe Biden. The vice-president said numerous times he was still thinking about running for president, but hadn’t made up his mind. The Biden question kept the media busy speculating about an issue that even Mr. Biden couldn’t answer, nor should he have been forced to make a commitment in the media’s time frame.
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Monday, October 26, 2015
Buy-to-Let Property Boom Over Despite UK House Prices Grinding Higher / Housing-Market / Buy to Let
Britain's 2 million strong army of buy-to-let private landlords with well over 5 million properties in their portfolios face a perfect storm of new regulations, tax hikes and benefits cuts that looks set to turn their and their tenants finances upside down, converting profits into losses, this despite UK house prices expected to continue to grind ever higher and thus increasing portfolio valuations.
The fantasy sales pitch of seminars of buying properties to rent out at huge potential returns had convinced many thousands of investors over the past decade to become buy-to-let landlords, especially given the abysmal rates of bank interest of the past 6 years. However, reality has never matched expectations for many buy to let investors who soon realise that buy to let is actually a second job rather than an invest and forget exercise, as they tended to face a string of problems at the top of the list are problem tenants, a situation greatly worsened by mass migration from eastern europe and the myriad of scams they tended to pull on unsuspecting landlords, leaving behind wrecked properties that will cost far more to rectify than any rental income gleaned from such properties.
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Sunday, October 25, 2015
Gold and Silver Charge of the Light Brigade / Commodities / Gold and Silver 2015
Gold and silver were hit by paper contract selling this morning and the US dollar caught a bid higher.
The only delivery action in The Bucket Shop was another house to house account delivery of gold from Nova Scotia to JPM.
Someone who owned gold bullion in the Nova warehouse put it up for delivery. I wonder who that could be.
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Sunday, October 25, 2015
Kerry and Abbas Conspire Against Palestinians / Politics / Palestine
Abbas is a longtime Israeli collaborator. Washington one-sidedly supports Israeli interests, including decades of ruthless occupation harshness.
Whenever Kerry shows up anywhere, especially in the Middle East, he’s always up to no good. His current trip took him to Berlin (meeting with Netanyahu while there) and Amman, meeting with Jordanian officials and Abbas, plotting ways to betray Palestinians again, urging calm at the expense of their interests.
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Sunday, October 25, 2015
Gold and Oil Consolidating Ahead of Next Rally / Commodities / Gold and Silver 2015
Gold and oil both are moving down into a daily cycle low, consolidating gains and building energy to break through their 200 day moving average.
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Sunday, October 25, 2015
First Tier Resistance Breached Key Level Exceeded / Stock-Markets / Stock Markets 2015
Current Position of the Market
SPX: Long-term trend - Bull Market?
Intermediate trend - SPX is in the midst of an intermediate correction (at least).
Analysis of the short-term trend is done on a daily basis with the help of hourly charts. It is an important adjunct to the analysis of daily and weekly charts which discusses longer market trends.
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Saturday, October 24, 2015
Killing Off Community Banks - Intended Consequence of Dodd-Frank? / Politics / Banking Stocks
At over 2,300 pages, the Dodd Frank Act is the longest and most complicated bill ever passed by the US legislature. It was supposed to end "too big to fail" and "bailouts," and to "promote financial stability." But Dodd-Frank's "orderly liquidation authority" has replaced bailouts with bail-ins, meaning that in the event of insolvency, big banks are to recapitalize themselves with the savings of their creditors and depositors. The banks deemed too big are more than 30% bigger than before the Act was passed in 2010, and 80% bigger than before the banking crisis of 2008. The six largest US financial institutions now have assets of some $10 trillion, amounting to almost 60% of GDP; and they control nearly 50% of all bank deposits.
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