Thursday, July 02, 2015
Guaranteed US Dollar Death Dynamics / Currencies / US Dollar
By: Jim_Willie_CB
The USDollar is on a collision course with imminent death. It is utterly amazing that so many supposedly smart analysts and highly paid wealth managers cannot see the obvious path on which the USDollar treads, limps, and struts proudly, dangerously, and abusively, suspended by numerous false cables and tethers. The USDollar cannot be sustained in its current form or on its present course. The abuse of its management and stewardship will be told in history books (possibly with certain chapters scribed by the Jackass). The aggressive defense of the USDollar includes criminal activity on a widespread scale never witnessed before. It is a veritable global money war, not so much a global financial crisis. The system, centered upon the USDollar, is collapsing under its own insolvency and corrupt underpinnings amidst the din of war. The truth is almost nowhere to be seen. The USGovt is demanding that allies support the global currency reserve, even though doing so guarantees a financial structure collapse and an economic breakdown. The safe haven is Gold & Silver, in the form of bars & coins, kept secure outside all nations that speak English, and outside nations that are closely allied with the USFed and USDept Treasury which operate like a vast crime syndicate.
Thursday, July 02, 2015
The Greek Stress Test & The Reality Of Incremental Changes / Politics / Eurozone Debt Crisis
By: Dan_Amerman
With the Greek banks closing, capital controls being imposed, and the unwillingness of the European Central Bank to expand its emergency liquidity assistance program - the stability of the global financial system is officially in play. Nothing is set in stone yet, but a looming Greek default and potential economic catastrophe in Greece is setting elements into motion on a global basis that have the ability to impact many things.
Thursday, July 02, 2015
Stock Market Increased Risk Levels ... / Stock-Markets / Stock Markets 2015
By: Marty_Chenard
The VIX (see the chart below) is showing increasing stress levels.
Note that the VIX has risen above the blue dotted resistance line level. Since the VIX moves opposite to the stock market, this was a bad event on Monday.
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Thursday, July 02, 2015
Forget Drachmas Greece Syriza Government Could Instruct Central Bank to Print Euros! / Currencies / Eurozone Debt Crisis
By: Nadeem_Walayat
This week Greece started to default on its debt repayments. However, unlike other countries that have gone bankrupt in the past, Greece as part of the Euro-zone officially cannot print money and inflate the purchase power of debt, wages and savings away. In exchange for this Greece enjoys monetary stability i.e. low inflation which means the only way to deal with the structural deficit that is generating the debt is to CUT government spending and wages so as to make Greece more competitive.
Wednesday, July 01, 2015
Greece Debt Crisis Trigger for Stock Market Crash or Bull Rally? Video / Stock-Markets / Stock Markets 2015
By: Nadeem_Walayat
The Dow stocks index has been on a volatile slide since making its 18,350 new all time high of Mid May, having recently nudged to a low of 17,600 that many have attributed in large part to the unfolding Greece debt crisis, the latest of which is Greece missing its deadline for a Euro 1.6 billion repayment to the IMF Tuesday that has galvanised stock market bears to once more proclaim that the stocks bull market is over and a new bear market has begun.
Wednesday, July 01, 2015
Gold Stocks Break Below 2008 Low / Commodities / Gold and Silver Stocks 2015
By: P_Radomski_CFA
Briefly: In our opinion, short (half) speculative positions in gold, silver and mining stocks are justified from the risk/reward point of view.
Gold and silver declined yesterday, but the really profound action was seen in the precious metals mining stocks. Both key indices for this sector (the HUI and XAU) declined below their respective 2008 lows and managed to close below them. What’s next? Will gold and silver stocks bounce like they did in late 2014?
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Wednesday, July 01, 2015
SPX Stock Market Retracement May be Over / Stock-Markets / Stock Markets 2015
By: Anthony_Cherniawski
The SPX retracement was stopped at its Ending Diagonal trendline at 2082.00, having briefly challenged it at 2082.78. It is now beneath the neckline of the Head & shoulders formation at 2075.00. Head & shoulders patterns allow throwbacks for a brief period, as long as the index does not close above them. This one apparently qualifies.
Wednesday, July 01, 2015
Silver Tunnel Vision 'Experts' / Commodities / Gold and Silver 2015
By: Dan_Norcini
Over the past month, we have been subjected to one breathless article after another predicting a huge upside blowout in silver as "the trapped shorts are forced out".
"The rise in open interest to a record high, even higher than when silver was trading near $50, tells us that some big money is going into silver and it is just a matter of time before the shorts are given a religious experience".
Thus would the summation be of the crux of the silver perma-bull "analysis".
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Wednesday, July 01, 2015
Gold And Silver - Monthly, Quarterly Ending Analysis / Commodities / Gold and Silver 2015
By: Michael_Noonan
While not many pay any attention to these two larger time frames, especially the Quarterly, both are more controlling and receive greater attention from smart money players. These time frames are not at all used for market timing, but they do show the dominance of a trend. It also takes considerably more effort to effect changes on either or both.
There is no need to reference any news events because current events cannot alter the established trends, and the collective current events of the past several years have done nothing to change the trend. We take that back. For the last year, while the overall trend has been down, price has been relatively neutral in the sense of moving sideways instead of lower. That noted aspect is actually a change in behavior, and it is more evident on the silver chart.
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Wednesday, July 01, 2015
German Bunds See no GrExit / Interest-Rates / Eurozone Debt Crisis
By: Ashraf_Laidi
The Bunds-Euro relationship remains intact, as both continue to converge along the crucial trendline support since the April bottom. With yet another yields bounce off the support today, bunds are further eliminating Grexit scenario for now as does the single currency.
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Wednesday, July 01, 2015
Greek Referendum on IMF Ultimatum / Politics / Eurozone Debt Crisis
By: BATR
This is a test. Will the internationalist banksters force extraction of their ill-gotten interest payments to bail out their reckless derivative trades gone wrong, or will a sovereign country abandon the chains of financial elite coercion and renounce their IMF and ECB debt? Make no mistake about it, Greece has lived high on the hog for decades and has serious internal problems. There is no free ride. However, the pain from the coming default is necessary to shed the yoke of a failed European Union construct.
Wednesday, July 01, 2015
Definitive Solution to the Greek Crisis / Politics / Eurozone Debt Crisis
By: Submissions
Atlantic Perspective writes: Most of the commentary on the Greek situation has focused on whether Greece should leave or stay in the Eurozone, and the dire consequences for Greece and the world´s financial markets should Greece default.
But has anyone come up with a credible solution? We believe we have one.
Before laying down the proposal, we need to check a few critical facts:
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Wednesday, July 01, 2015
How the Latest Greek Drama Will Affect the Price of Crude Oil / Commodities / Crude Oil
By: ...
MoneyMorning.com Dr. Kent Moors writes: In Greek history, there is a story that after devising the Athenian system of governance the great classical lawgiver Solon was walking down from the sacred council site of the Areopagus when he was greeted by another citizen.
“Well, Solon, did you give Athens the best constitution possible?” the fellow asked.
“No,” Solon responded. “I gave her the best constitution she could accept.”
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Wednesday, July 01, 2015
Europe’s Controlled Demolition / Politics / Euro-Zone
By: Raul_I_Meijer
I have plenty to say on the topic of this essay. But the most important thing I think is that I know the EU is blowing up itself by trying to exert far too much influence on the very member nations that made its existence possible. Brussels is a blind city. To see it blowing itself to smithereens makes me very happy.
The flipside is that it will take a lot of pain, and probably even the very wars the EU was originally founded to prevent, to figuratively burn it to the ground. But that, if you’ll alow me, is for another day:
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Wednesday, July 01, 2015
The End of Dow 18,000; Bailouts No Longer Extended / Stock-Markets / Stock Markets 2015
By: Doug_Wakefield
Eurogroup Says Greece Bailout Program Will Not Be Extended And Will Expire on June 30, ABC News, June 27, 2015
Greece Debt Crisis: Banks to Remain Shut All Week, BBC, June 29, 2015
Greece Confirms It Will Default On Its IMF Payments, Financial Post, June 30 ‘15
“We have to admitted we are powerless over alcohol, that our lives are unmanageable” – First Step in Alcoholics Anonymous 12 Steps
The World Is Defenseless Against The Next Financial Crisis, Warns BIS, The Telegraph, June 28 ‘15
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Wednesday, July 01, 2015
Athens Mayor: Greek Government Should Resign / Politics / Eurozone Debt Crisis
By: Bloomberg
Athens Mayor George Kaminis spoke with Bloomberg Television's Erik Schatzker who is reporting from Athens. He discussed the Greek debt crisis and the likelihood of the country staying in the euro zone.
On the Greek government, Mayor Kaminis said: "I think they should resign...The government, if it loses this vote -- that means it has lost the confidence of the people, and I think they will understand it. So I think that the more natural development will be to have elections, general elections."
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Wednesday, July 01, 2015
Greece's Crisis and Its Bloated Government / Economics / Government Spending
By: Steve_H_Hanke
It's hard to find anything written or spoken about Greece that doesn't contain a great deal of hand wringing about the alleged austerity - brutal fiscal austerity -- that the Greek government has been forced to endure at the hands of the so-called troika. This is Alice in Wonderland economics. It supports my 95 percent rule: 95 percent of what you read about economics and finance is either wrong or irrelevant.
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Wednesday, July 01, 2015
Beyond Greece: The Euro's Fundamental Flaw / Currencies / Eurozone Debt Crisis
By: Rodney_Johnson
The euro has more problems than just Greece. The great "euro zone" experiment was bound to have a few kinks... but it is more flawed than it seems.I have a sister who is two years older than me. We fought from time to time growing up. I distinctly remember this one time when I was 11 and our dad forced us to make up by putting our arms around each other’s shoulders. I don’t remember what the fight was about, but I do remember that the outcome wasn’t pleasant!
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Tuesday, June 30, 2015
China Stocks - This Is What a Bubble Looks Like / Stock-Markets / China Stocks
By: Investment_U
Matthew Carr writes: We just experienced another “Black Friday”...
Not in the U.S. markets, but across the Pacific in China.
You want to talk about overvalued? Overheated? The Chinese stock markets were on a tear earlier this year. The Shanghai Composite was up more than 100% at the start of June... and most of that was accomplished between the end of March and the beginning of June.
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Tuesday, June 30, 2015
U.S. Dollar Final Rally / Currencies / US Dollar
By: Ed_Carlson
DXY gained 1.46% last week to close at 95.65 back above its 34-dma as well as its mid-June reaction high (a higher high) giving hope to the bulls that the final rally is upon us. Despite the bearish seasonality of July, cycles indicate that the Dollar is set for one "last hurrah" prior to a "summer swoon" a month from now.
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