Friday, March 06, 2020
Fed Panics over Coronavirus. What’s Next for Gold? / Commodities / Gold & Silver 2020
By: Arkadiusz_Sieron
Yesterday, the Fed cut interest rates by 50 basis points. Not during a regular monetary policy meeting, but in a surprising move. But what are the implications for the gold market specifically?
Fed Cuts Interest Rates in Emergency Move
Last week, I wrote that the spread of the new coronavirus to Europe and the inversion of the yield curve make “the Fed more likely to step in and cut the federal funds rate, you know, “just in case”. And in yesterday’s surprise move, the Federal Reserve cut the federal funds rate by 50 basis points in response to the coronavirus threat. The decision was unanimous and it was communicated in the FOMC statement as follows:
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Thursday, March 05, 2020
Fed Coronavirus Reaction Was Not What Most Expected / Stock-Markets / Financial Markets 2020
By: Avi_Gilburt
Early Tuesday morning, I put out an update to our members of ElliottWaveTrader.net that noted that the 3135 region as the top of our resistance region, which can point us lower once struck.
Now, we all know that the “surprise” rate cut by the Fed should have been viewed as a positive to the market. In fact, most expected the Fed to act soon, and were certain how this would send the market soaring again.
However, I continue to reiterate that when the market is in a positive sentiment trend, the Fed action will always be viewed as positive. Yet, when the market is in a negative sentiment trend, the Fed will not likely be able to stem the tide of negative sentiment. They simply cannot change the sentiment of the market, despite the common misconception to the contrary.
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Thursday, March 05, 2020
See Market Opportunities in the Coronavirus Chaos - Here's How / Stock-Markets / Stock Markets 2020
By: EWI
Dear Reader,
The Fed has cut rates, but stocks barely noticed. And you may be getting particularly worried right now.
Our friends at Elliott Wave International would like to help -- free.
Their research shows that -- contrary to what everyone else thinks right now -- China's recent epidemic outbreaks have marked market bottoms, not tops.
In fact, they've just put together a free, on-demand webinar "Coronavirus: Opportunities in the Chaos" shows you the full evidence.
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Thursday, March 05, 2020
Will the Worst of Times for Central Bankers Lead to the Best of Times for Precious Metals? / Commodities / Gold & Silver 2020
By: MoneyMetals
During turbulent times like these, markets can be melting down one day… and zooming higher the next. Gold may serve as a fantastic safe-haven asset one day… but get hammered by futures traders the next.
The news cycle can be just as volatile. One report may show the coronavirus is receding in China, while another may raise alarms about its spread in other parts of the world.
One poll may show a socialist candidate for President on the rise, while another may show Americans overwhelmingly approve of President Donald Trump’s handling of the economy.
Thursday, March 05, 2020
Gold: Learn from the Actions of the "Smartest on Wall Street" / Commodities / Gold & Silver 2020
By: EWI
Deep-pocketed speculators miss the big turns -- but you don't have to
Hedge fund managers are considered to be among the smartest people on Wall Street.
Ironically, as a group, they're notorious for consistently being on the wrong side of major turns in the markets they trade. By contrast, a group of insiders called Commercials are generally on the right side of major market turns.
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Thursday, March 05, 2020
How Much More Can the Stock Bulls Add to Their Gains? / Stock-Markets / Stock Markets 2020
By: P_Radomski_CFA
Stocks opened on a strong note yesterday, and the bulls have been adding to their gains throughout the day. Forcing a close above the nearest resistance, does it mark the end of selling? In other words, have we seen a lasting turnaround?
Let’s check the weekly chart for whether the current price action fits the bullish interpretation (charts courtesy of http://stockcharts.com).
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Thursday, March 05, 2020
Coronavirus Pandemic Going Parabolic, US and UK COVID19 Infections Forecasts / Politics / Pandemic
By: Nadeem_Walayat
The latest infections data for the world excluding China, which despite a proper record of Africa and the South Central America's numbers has the number of infected literally going parabolic, soaring by over 1735 overnight to 10,298 to well above my trend forecast that projects to an official tally of 129,250 infections outside China by the end of March 2020.
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Thursday, March 05, 2020
UK Coronavirus Pandemic Going Parabolic! Infections Forecast - Video / Politics / Pandemic
By: N_Walayat
The total number of infections recorded in the UK has now started to increase on a daily basis, which now include community spread that is unable to be tracked back to one of the growing outbreak hot spots across the world i.e. people who have brought the virus into the UK from China, South Korea or Italy which currently are the main transmission points for the virus.
Also I observed puzzling BBC and Channel 4 news reporting today on the case fatality rate of 3.5% only being twice as deadly as the regular flu! When 3.5% is 90 times as deadly as the flu! So it looks like the UK Government has instructed the mainstream broadcast media to start preparing the general population for a lot of Coronavirus deaths! And thus to start peddling propaganda that it is only twice as deadly as the flu! Which I will include the footage of in future videos.
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Wednesday, March 04, 2020
US Coronavirus Infections About to Go Parabolic - Day 42 Update / Politics / Pandemic
By: Nadeem_Walayat
Apparently the CDC has been sending out Coronavirus test kits that don't work! So how many hundreds of infected have been roaming US streets infecting fellow citizens because the CDC is incompetent. it looks like the CDC wants to 'control' media attention on the Coronavirus than actually do their job in preventing outbreaks, much as the WHO have been shown to be little more than media whores rather do anything proactive in preventing outbreaks, an example of which is failure to halt all flight from China! That they should have done in January!.
My US trend forecast is for 13,000 infected by the end of March resulting in about 180 deaths. Though the actual number may turn out to be significantly higher because I see little sign that the US is taking the Coronavirus seriously enough, where many are still shrugging it off as being not that much worse than the flu. Instead it is at least 15 times as deadly as the flu, and depending on quality of healthcare can be 100 times as deadly!
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Wednesday, March 04, 2020
Stock Market & Coronavirus Breakdown Metrics – Where’s The Bottom? / Stock-Markets / Stock Markets 2020
By: Chris_Vermeulen
The end of February was brutal for traders that were not prepared for the breakdown in the US stock markets. The breakdown in price actually started on February 20th and 21st. Most traders didn’t pay attention to these minor downside price rotations in the Technology sector (NQ) and the Financial sector. The early downside price rotations in key sectors gave traders a bit of a warning that the markets were starting to shift away from the earnings-driven rally that had set up the recent peaks.
The other item that concerned the markets was the spread of the Corona Virus into Italy, Iran and other areas without known contact to areas of the virus origin. Obviously, there had to be some process of contact for the virus to spread – but there are concerns now that the virus could be active within various societies throughout the incubation period and spreading to people in densely populated cities in these areas. The idea of a “super spreader” event becomes very real if societies are not able to identify and contain the sources of these transmissions.
The fear that gripped the markets last week had been telegraphed for many weeks with the news and speculation that China and Asia were going to be hit with much weaker economic data in Q1 of 2020. Almost anyone with a bit of common sense should understand the economic complications associated with quarantining millions of people for well over 30+ days would destroy economic activity in China. Even environmental data (NASA) suggests the Chinese economic activity has collapsed in 2020.
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Wednesday, March 04, 2020
The Problem Is the Stock Market Bubble, Not the Pin / Stock-Markets / Stock Markets 2020
By: Peter_Schiff
With the markets shell shocked by of the worst weeks on record, analysts are split on whether investors are simply overreacting to the coronavirus epidemic or if we are confronting an actual existential threat to the global economy. While most epidemiologists caution that the virus will be nearly impossible to contain, the good news is that it may be far LESS lethal than many of the contagions that we have comfortably lived with for years. When the panic and uncertainty subside, we may just end up with a new strain of influenza that will harass humanity seasonally, but will not meaningfully alter the course of global economics. But this is not really a story about a new biological disease, it's one about an old financial disease that is finally becoming symptomatic.
The truth is that the Dow at nearly 30,000 had been priced to perfection and was particularly vulnerable to any surprise "black swan" event, no matter how virulent. In this case, it's not the size of the pin that is causing the damage, but the size of the bubble the pin has pricked.
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Wednesday, March 04, 2020
UK Coronavirus Infected Numbers Going Parabolic - Day 35 Update / Politics / Pandemic
By: Nadeem_Walayat
The total number of infections recorded in the UK has now started to increase on a daily basis, which now include community spread that is unable to be tracked back to one of the growing outbreak hot spots across the world i.e. people who have brought the virus into the UK from China, South Korea or Italy which currently are the main transmission points for the virus.
Also I observed puzzling BBC and Channel 4 news reporting today on the case fatality rate of 3.5% only being twice as deadly as the regular flu! When 3.5% is 90 times as deadly as the flu! So it looks like the UK Government has instructed the mainstream broadcast media to start preparing the general population for a lot of Coronavirus deaths! And thus to start peddling propaganda that it is only twice as deadly as the flu! Which I will include the footage of in future videos.
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Wednesday, March 04, 2020
Gold Price Trend Forecast 2020 / Commodities / Gold & Silver 2020
By: Nadeem_Walayat
This is the final part of my Gold price analysis that concludes in a detailed trend forecast for 2020 that was first made available to Patrons who support my work. Gold Price Trend Forecast 2020
- Gold Price Trend Forecasts 2019 Review
- SEASONAL ANALYSIS
- QE4EVER
- US DOLLAR
- LONG-TERM TREND ANALYSIS
- Gold / SIlver Ratio
- Trend Analysis
- ELLIOT WAVES
- Gold Price Trend Forecast 2020 Conclusion
Tuesday, March 03, 2020
Coronavirus Infections OutSide China Going Parabolic - COVID-19 Pandemic Day 85 / Politics / Pandemic
By: Nadeem_Walayat
Taking account of the fact that China's infection numbers cannot be trusted, and that the developed worlds numbers should prove more accurate at least in the early stages of the pandemic. Though we still have two gaping black holes on the world Map i.e. Africa and Central & South America where the comings and goings of upwards of 1 million chinese workers across the continents will likely have infected many thousands of people that as was the case with China will largely remain unrecorded, but will result in a a sharp spike in the numbers of deaths at some point. Thus the primary objective of this analysis is to forecast the reported numbers of infected. In respect of which my forecast as of 12th of February concluded in expectations for the then number of 500 infected to increase to a total of approx 129,250 by the end of March 2020, as the rate of increase was expected to go parabolic during March..
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Tuesday, March 03, 2020
Massive Reversal in Precious Metals but Fundamentals Improving / Commodities / Gold & Silver 2020
By: Jordan_Roy_Byrne
To underscore the volatility of this past week, consider the price action in Silver.
Silver, days ago, had a chance to make its highest monthly close since October 2016. That is well over three years ago. Silver closed the week and the month at its lowest levels in six months.
One week, precious metals (specifically gold stocks) are on the cusp of a historic breakout, and the next, they are blowing through support levels. Such can be life in this sector.
Before I get to fundamentals, let’s look at the technicals and critical levels for gold stocks.
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Tuesday, March 03, 2020
Physical Gold and Silver Are Safe Havens, Futures Are Not / Commodities / Gold & Silver 2020
By: MoneyMetals
Last week’s market activity was another reminder that not all precious metals investments are created equal.
Investors worried about a virus outbreak and watching the blood bath on Wall Street rushed to buy coins, rounds, and bars.
As one of the largest and most respected U.S. dealers, Money Metals saw the biggest surge of buying activity in years. Clients bought the physical metal as a safe haven, knowing it is scarce, intrinsically valuable and carries no counterparty risk.
Meanwhile, the opposite occurred on the COMEX because buying contracts there is anything but safe.
Tuesday, March 03, 2020
Gold Pulled Back, But Coronavirus Did Not / Commodities / Gold & Silver 2020
By: Arkadiusz_Sieron
While viruses are counted among the simplest forms of life, they have quite a bearing on its advanced forms. And the coronavirus epidemic is, unfortunately, alive and well. What are the implications for the gold market?
Coronavirus Infects Europe
The coronavirus epidemic is, unfortunately, making its presence well known. Actually, it spreads quickly around the globe. The worldwide number of confirmed cases has reached almost 90,000, while the death toll has surpassed 3,000 people.
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Tuesday, March 03, 2020
Gold Trend Analysis, Elliott Waves and Silver Ratio / Commodities / Gold & Silver 2020
By: Nadeem_Walayat
Gold / SIlver Ratio
Gold price of $1560 divided of by the silver price of $18.07 results in a ratio of 86.3! The historic norm is for around 50. No I am not saying that Silver should trade to a ratio of 50 to Gold anytime soon. I will cover the prospects for the Silver price in a separate analysis.
So either Silver is CHEAP or Gold is EXPENSIVE, probably a mixture of both, which implies to expect Gold price weakness..
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Tuesday, March 03, 2020
Everything you needed to know about investing in precious metals / Commodities / Gold & Silver 2020
By: Sumeet_Manhas
Gold. Silver. Platinum. Palladium. Precious metals mined from the bowels of the earth, refined and valued for their unique characteristics.
Since the beginning of civilization itself, humanity has long held an obsession with what is known colloquially as “bling.” Nowadays rather than adorning ourselves with beads and seashells, we’ve turned to precious metal.
If one thing’s for certain, it’s that investors have always turned to precious metals in times of economic uncertainty. Whether it’s their tangible presence as hard assets or long history as a safe haven, precious metals are a great investment.
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Tuesday, March 03, 2020
As COVID-19 Rocks Markets, Uncertainty Rises in ASEAN / Stock-Markets / Financial Markets 2020
By: Dan_Steinbock
As the virus momentum is shifting from China to other countries, Southeast Asia faces new economic pressures and indirect collateral damage, due to outbreaks in Japan and South Korea, and inadequate international preparedness.Worldwide, the number of confirmed novel coronavirus (COVID-19) cases could exceed 100,000 in a matter of week or so. The momentum of the outbreak has shifted, however.
In early February, I predicted a turnaround in the growth rate of new virus cases in China, but acceleration internationally. That's now the new normal. Until then, the cases in China were increasing exponentially. Now the momentum is increasingly outside China. In terms of the timeline, the number of confirmed cases outside China is now about the same as it was in the Chinese mainland about a month ago (Figure).
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