Friday, October 02, 2015
Knockout Punch for Gold Bugs / Commodities / Gold and Silver Stocks 2015
Two months ago the precious metals complex became extremely oversold and ripe for a rebound. Two months later and the overbought condition and bearish sentiment has been alleviated to some degree. Sadly for bulls, Gold barely rebounded while both Silver and gold miners performed worse. The broad precious metals sector appears to be in position for a breakdown that could be a knockout blow to gold bulls and gold bugs.
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Friday, October 02, 2015
Can You Imagine The Fed Raising Rates In This World? Everything Going Wrong At Once Edition / Interest-Rates / US Interest Rates
After the markets failed to embrace its most recent interest rate dither, the Fed dispatched pretty much its entire PR team to make sure we understood that rates would rise Next Month For Sure.
Then everything kind of fell apart. Emerging market capital flight accelerated…
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Friday, October 02, 2015
US Bond Market - How to Fix This / Interest-Rates / US Bonds
By Jared Dillian
This is a pickle wrapped in a conundrum surrounded by a puzzle, or something like that. The Fed declined to hike rates, which everyone thought was bullish, and then stocks got on the vomit comet. They’ve been going down on an elevator ever since.
I think what’s interesting here is how shamefully far behind the Fed is on this. Dudley is out there still talking rate hikes. Like, just the other day. He has gone right out of his tree. It’s almost as if he lost his B-Unit and can’t log into Bloomberg.
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Friday, October 02, 2015
Survival Secrets from Colorado Resource Investing Front Lines / Commodities / Metals & Mining
Top experts and select companies traveled to Colorado last week for a pair of conferences focused on the survivors in the natural resource mining sector. The Gold Report reached out to some of the discerning voices there and asked whether the barrage of headlines from the Federal Reserve and China impacted the mood, and what companies they would be following up on when they returned to their offices. While the Precious Metals Summit was geared toward development-stage companies and the Denver Gold Forum was mostly populated by large, producing mining companies, everyone seemed fixated on survival. For those of us watching from home, experts we talked to were kind enough to name some of the standout companies they saw in boothland.
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Friday, October 02, 2015
Deflation: It's Been a Stealth Move / Economics / Deflation
Elliott Wave International's European Financial Forecast Editor discusses deflation
In this new interview, Elliott Wave International's Brian Whitmer explains the indirect connection between Europe's volatility and deflation. Find out how Brian's advising his subscribers prepare for deflation.
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Thursday, October 01, 2015
What Two Risks From Rising Interest-Rates Could Each Trigger A New Global Crisis? / Stock-Markets / Financial Crisis 2015
Why are interest rates at historic lows in the United States and around the world?
The widely-accepted answer is that very low interest rates exist for the purpose of stimulating economic growth and corporate profits, and are thereby helping the United States and other nations that are struggling with persistent and deep-rooted economic and unemployment problems.
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Thursday, October 01, 2015
Gold Cycle Running Out of Steam / Commodities / Gold and Silver 2015
I predicted that gold would rally last week up to the $1,155 area, and was also equally unsurprised when it was rejected the first time by that declining (see green trend-line on chart) resistance line. Those are standard or obvious Cycle pivot points, but how it continued lower yesterday to fall well below the 10 day moving average was not a “typical” development if you’re a supporter of the bull case in gold.
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Thursday, October 01, 2015
NIRP, its Likelihood and Effect on Commodities / Commodities / Commodities Trading
In last week's article I pointed out that negative interest rates should lead to a general shift in consumer preferences from money towards essential goods. Central bankers may wish for this outcome on a controlled basis to allow them to hit their price inflation targets, and this could happen quite quickly. If people face a tax on their cash and bank deposits, which is what a negative interest rate amounts to, they will simply reduce these balances, artificially boosting demand.
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Thursday, October 01, 2015
Stock Market 180 in 50 Weeks. This is Different / Stock-Markets / Stock Markets 2015
A lot has happened since that fateful October bottom in stocks, which was driven by a multitude of factors namely, market worries over end of Fed QE and escalating casualties from the Ebola virus. But those were only worries and not factual manifestations of data weakness. Today, the extended weakness in the world's biggest buyer of commodities, combined with the erosion of the "Gulf Nations' Put" as well as the decline in EM FX reserves is a de facto tightening from in and capital markets.
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Thursday, October 01, 2015
Stock Market S&P 500 Volatility-Based Price Probability Range / Stock-Markets / Stock Markets 2015
- Historical volatility projection suggests the range of probable S&P 500 prices from around 1750 to 2050 by year-end
- Major trend indicators suggest high probability of prices ending in the lower half of the probability range
- GAAP P/E and forward operating P/E ratios reverting to 5-year and 10-year averages suggest prices in the 1700’s
- GAAP earnings have turned down and prices tend to follow
- But GAAP earnings yield relative to current and near-term prospective 10-year Treasury yield is supportive of current index price
Thursday, October 01, 2015
The Great Illinois Gold Rush! / Commodities / Gold and Silver Stocks 2015
There is no gold rush in Illinois. The important question is, “Why Not?”
Per Mike Shedlock (Mish) here and here:
- “Illinois is in serious financial trouble.”
- “Illinois has no current budget.”
- “The reality is Illinois is flat-out broke.”
Thursday, October 01, 2015
Dow Stock Market About To Crash Like October 1929? Get Your Physical Silver / Stock-Markets / Financial Crash
Significant nominal peaks in the price of silver tend to come after significant nominal peaks in the Dow. This has been the case for the last 100 years at least.
It is no coincidence that significant silver rallies follow after significant Dow rallies end, as I have explained before. It is simply a natural reaction to what caused the stock market rally as well as the effects of that rally. So, if it happened before, it will certainly occur again.
Thursday, October 01, 2015
Stock Market Negative Expectations Once Again - Will It Break Down? / Stock-Markets / Stock Markets 2015
Briefly: In our opinion, speculative long positions are favored (with stop-loss at 1,810, and profit target at 2,020, S&P 500 index)
Our intraday outlook is bullish, and our short-term outlook is bullish:
Intraday outlook (next 24 hours): bullish
Short-term outlook (next 1-2 weeks): bullish
Medium-term outlook (next 1-3 months): bearish
Long-term outlook (next year): bullish
Thursday, October 01, 2015
Advice for Biotech Investors: 'Hold Your Powder' 'til Winter / Companies / BioTech
While waiting for biotech stocks to correct, investors should be focused on performing due diligence, says Hartaj Singh of investment firm BTIG LLC. Growth in company valuations has outpaced sales for several years, but the coming weeks will see rapid fluctuations as the two begin to realign. In this interview, Singh shares his predictions for the rest of 2015 with The Life Sciences Report, and identifies several companies to hold for potentially big returns.
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Thursday, October 01, 2015
Best Short-Term Commodity Market Opportunities - Video / Commodities / Commodities Trading
Dear Investor,
Elliott Wave International's Senior Commodity Analyst, Jeffrey Kennedy, has just recorded a live webinar titled "Today's Top Commodity Opportunities."
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Thursday, October 01, 2015
US Dollar El Peso Colombiano! / Currencies / US Dollar
It was the year 2001 when I first entered the country of Colombia. I crossed over the Rumichaca Bridge which separates Ecuador and Colombia and got the first bus of the day from Ipiales headed for Cali. I'd considered travelling overnight but had thought better of it having been warned about night time robberies along the way.
It wasn't long into my Colombian adventure when things heated up. Around 3 hours into the journey, travelling in some spectacular mountain scenery between the towns of Pasto and Popayan, the bus came to a screeching halt. That was because around five men in military fatigues jumped into the middle of the Panamericana highway pointing their guns at the bus. Here we go!
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Thursday, October 01, 2015
Stock Market Closing the Books on September...Pessimism Extreme...Testing Weekly Support Lines.. / Stock-Markets / Stock Markets 2015
I thought, based on the markets behavior ending last Friday, that we'd see a bull-bear spread on the Investors-Intelligence survey of around minus -7% today when the new number was released. I wasn't pessimistic enough apparently as the number came in at -10.4%. With the action we saw in the market Monday and Tuesday it's actually quite possible we're now at lower levels on this measure. It goes to show you how fast things can unwind from froth to fear when all the leading froth stocks get completely annihilated, such as we've seen in the world of biotechs.
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Wednesday, September 30, 2015
The Coming Corporate "Crime Wave" / Companies / Government Intervention
William L. Anderson writes: In a recent appearance before Congress, Deputy Attorney General Sally Quillian Yates declared that the US Department of Justice is going to ratchet up its prosecution of individuals employed in corporations as part of a larger push against “white collar crime.” There is no doubt that such prosecutions will be very popular to a large section of voters, given that presidential candidates like Bernie Sanders, Hillary Clinton, and Martin O’Malley, along with Massachusetts Senator Elizabeth Warren pretty much have declared that nearly all American businesses are part of a massive criminal conspiracy that must be brought down by federal authorities.
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Wednesday, September 30, 2015
Stock Market Retracement May Have Run Its Course / Stock-Markets / Stock Markets 2015
SPX met neckline resistance near 1912.00 and has been repelled near the Fibonacci 50% retracement level at 1912.35. Apparently there were a significant number of stops at 1910.00 that attracted the Algos.
The algos appear to be spinning their wheels at 1916.50, which may be the top of this retracement. Selling pressure appears to be settling in.
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Wednesday, September 30, 2015
A Stocks Bear Market Is Now More Likely Than Not / Stock-Markets / Stocks Bear Market
- A Bear market from this Correction is more likely than not
- Yield Curve suggests Bull has further to go
- Breadth measures suggest Bull is exhausted
- Triple top and Head & Shoulders pattern suggests breakout to the downside
- 4 Factor Technical indicator suggests Bear is around the corner