Thursday, September 12, 2019
Increased Pension Liabilities During the Coming Stock Market Crash / Stock-Markets / Pensions & Retirement
By: Nick_Barisheff
Many Canadian companies have significant unfunded pension liabilities on their balance sheets. With the traditional 60/40 allocation to stocks and bonds, pension deficits may become unmanageable during the next market correction if they are not dealt with urgently. Governments can afford to ignore this looming disaster and act irresponsibly largely because they can print money; however, corporations cannot afford the risk of unfunded liabilities nor can they eliminate pension deficits as easily. We would like to take this opportunity to illustrate how these pension deficits can be taken in hand.
President Barack Obama’s administration racked up nearly as much debt in eight years as in the entire 232-year history of the US before he took office. He entered office with $10.7 trillion in total debt, and he bowed out with the country owing $19.9 trillion. That’s an average tab of $1.15 trillion a year.
Under President Donald Trump, the debt has continued to climb. The $2.18 trillion increase works out to about $1.05 trillion a year, or slightly less than the pace Obama set.
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Thursday, September 12, 2019
Gold at Support: the Upcoming Move / Commodities / Gold & Silver 2019
By: P_Radomski_CFA
Gold and gold stocks declined yesterday, but silver hesitated. Does this, plus the fact that gold is up so far in today’s pre-market trading indicate a short-term bottom? Or is the picture even on the verge of turning bullish?
Not at all. Let’s take a look at the chart below for details.
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Thursday, September 12, 2019
Precious Metals, US Dollar, Stocks – How It All Relates – Part II / Stock-Markets / Financial Markets 2019
By: Chris_Vermeulen
This research post continues our effort to keep investors aware of the risks and shifting capital opportunities that are currently taking place in the global markets. We started in PART I of this article by attempting to highlight how shifting currency valuations have played a very big role in precious metals pricing and how these currency shifts may ultimately result in various risk factors going forward with regards to market volatility.
Simply put, currency pricing pressures are likely to isolate many foreign markets from investment activities as consumers, institutions and central governments may need more capital to support localized economies and policies while precious metals continue to get more and more expensive.
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Wednesday, September 11, 2019
Boris Johnson's "Do or Die, Dead in a Ditch" Brexit Strategy / Politics / BrExit
By: Nadeem_Walayat
Boris Johnson's strategy towards achieving an exit from the EU by the deadline of 31st October (extended from 29th March) is to prorogue Parliament for 5 weeks as of midnight 9th September, returning on the 14th of October in attempts at preventing the remain establishment from subverting the exit date of 31st of October.
However, this has galvanised the Remain establishment to erase Boris Johnson's meager majority of 1. That and 21 remain Tory MP's betrayed their party by voting against the government in last weeks vote to force Boris Johnson to go and beg the EU for another extension, likely for at least 3 months though the decision as to how long will be in the EU's hands.
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Wednesday, September 11, 2019
Precious Metals, US Dollar: How It All Relates – Part I / Commodities / Gold & Silver 2019
By: Chris_Vermeulen
The recent movement in the precious metals markets, an incredible 33% upside price move since August 2018, has reflected an increased level of fear and greed throughout the global markets. Particularly, throughout the foreign markets. Precious metals, specifically Gold, has skyrocketed to some of the highest levels in recent times as foreign currencies devalue against the US Dollar. Still, consumers, institutions and central governments/banks are buying as much as they can right now.
Wednesday, September 11, 2019
Now That Bonds Have Pulled Back As Expected, Maybe We Can Set Up Another Rally / Interest-Rates / US Bonds
By: Avi_Gilburt
I think this market has been providing many investors with whipsaw and head aches, which has also caused much head scratching. (And, yes, that little itch may be telling you something.)
Back in November of 2018, no one even considered the possibility of a bond rally because the Fed was raising rates. And, recently, no one even considered the possibility of any type of top in bonds because the Fed is now lowering rates. Has anyone considered that maybe the Fed does not control the bond market? (See my prior articles for thoughts on this).
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Wednesday, September 11, 2019
Bank of England’s Carney Delivers Dollar Shocker at Jackson Hole meeting / Commodities / Gold & Silver 2019
By: Michael_J_Kosares
Bank of England governor Mark Carney, in something of a shocker, told the recent Jackson Hole central bankers’ conference that the world’s reliance on the US dollar ‘won’t hold’ and needs to be replaced by a new international monetary and financial system based on many more global currencies,” according to a Financial Times report. The greatest impact of Carney’s bombshell, though, came not from his opinion on the look and feel of some futuristic global monetary system. It came instead from his seeming tacit approval of the escalating movement to dethrone the dollar as the world’s reserve currency in the here and now. A good many in that audience were no doubt surprised – even rattled – by Carney’s remarks.
“Something is going on,” said St. Louis Fed President James Bullard in a Financial Times report, “and that’s causing I think a total rethink of central banking and all our cherished notions of what we think we’re doing. We just have to stop thinking that next year things are going to be normal.” To which FT added: “Interest rates are not going back up anytime soon, the role of the dollar is under scrutiny – both as a haven asset and as a medium of exchange – and trade uncertainty has become a permanent feature of policymaking.”
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Wednesday, September 11, 2019
Gold and Silver Wounded Animals, Indeed / Commodities / Gold & Silver 2019
By: Clive_Maund
Sector expert Michael Ballanger offers his observations of recent activity in the gold and silver markets. "The permabulls will tell you that the bullion banks and their treasury department conspirators have lost all power in this 'new paradigm' and we should relax and refrain from worry. I tend to disagree because wounded animals are the singular most dangerous of all creatures on this debt-ravaged planet, and with gold at $1,552, these cartel cretins are now wounded, angry and very desperate animals." —Michael Ballanger, Sept. 2, 2019; silver at $19.00 one day before the top
OK, so now that there is zero doubt surrounding the recent demise of the bullion banks, I was reminded yesterday (amidst the gnarling and gnashing of many a silver bulls' incisors) of a famous Mark Twain quote surrounding rumors of his passing: "The reports of my death are greatly exaggerated."
That is exactly the reply of the criminal cartel last week as bullion bank shenanigans took a page out of the Carpe Diem playbook and absolutely pounded the precious metals with such feral ferocity that they quite predictably set off a retail panic of the highest order. One very prominent gold and silver bull tweeted out, "It should be noted that Crimex silver is still up on the week!", to which I quickly and cynically replied, "Tell that to my margin clerk."
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Wednesday, September 11, 2019
Boris Johnson a Crippled Prime Minister / Politics / UK Politics
By: Nadeem_Walayat
Following the ejection from office of the worst Prime Minister in British History, finally a person who actually voted LEAVE took hold of the leadership of the Tory party and the keys to No10 as correctly forecast in my series of articles dating back to November 2018 which offered great betting market odds of as much as 6-1 to capitalise upon.
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Wednesday, September 11, 2019
Gold Significant Correction Has Started / Commodities / Gold & Silver 2019
By: Clive_Maund
Technical analyst Clive Maund discusses the factors he sees pulling gold down. Although a major precious metals sector bull market has certainly started, various fundamental and technical factors came together last week to suggest that a significant correction to the recent strong run-up has now started.
The main fundamental development was the announcement that there will be a Trade War summit between China and the U.S. early next month, with hopes being expressed that this may lead to compromise or some kind of truce. Whilst the chances of improvement may be slim, the market has got what it wants for now which is hope, and this hope should continue at least until this meeting, which provides the excuse for the markets to go "risk on" until then, which is why the stock market broke higher last week, delaying but not eliminating our crash scenario.
A return to "risk on" is clearly not good for the precious metals, which, until last week, had been benefiting from a flight to safety as had the dollar, creating the unusual situation where the dollar and gold were rising at the same time. Now, in a risk on environment they are suddenly out of favor again.
In addition to this fundamental argument we have a range of technical indicators pointing to a correction in the precious metals sector that we will now look at. They include its overbought status, overly bullish sentiment readings and COTs showing extreme readings.
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Wednesday, September 11, 2019
Reasons To Follow Experienced Traders In Automated Trading / InvestorEducation / Learn to Trade
By: Sumeet_Manhas
With a software placing trades on your behalf, it’s highly likely to get tempted to shut the computer off and remain carefree. However as convenient as automated trading might seem, keeping several aspects unattended can doom your trading goals. It can take years of research to figure out the best trading strategy and back testing these potential strategies with a reliable software is a must before taking a leap into algorithmic trading.
If you’ve recently stepped into Forex trading, getting yourself equipped with several tried and tested strategies from experienced traders becomes a must. This article lists ways newbies can benefit from looking upon those who hold a remarkable experience in automated trading.
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Wednesday, September 11, 2019
Silver's Sharp Reaction Back / Commodities / Gold & Silver 2019
By: Clive_Maund
Silver reacted back sharply on Thursday and Friday after a parabolic blowoff top. This was not a final top, but it does indicate that silver needs to take a rest and consolidate/react back, probably for at least several weeks.
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Wednesday, September 11, 2019
2020 Will Be the Most Volatile Market Year in History / Stock-Markets / Financial Markets 2020
By: John_Mauldin
The last few weeks marked a turning point in the global economy.It’s more than the trade war. A sense of vulnerability is replacing the previous confidence—and with good reason.
We are vulnerable, and we’ll be lucky to get through the 2020s without major damage.
Let’s talk about the risks facing us in the next year or so and the economic environment in which we will face those risks.
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Tuesday, September 10, 2019
Westminister BrExit Extreme Chaos Puts Britain into a Pre-Civil War State / Politics / BrExit
By: Nadeem_Walayat
Usually the primary driver for currency market trends tends to be economics and geopolitics, but for Britain the primary driver for sterling's trend has been BrExit CHOAS, where just when you thought things couldn't get any more chaotic the clowns in Westminster up the anti to a new level. The battle that has waged since the people of Britain voted by 52% to 48% to LEAVE the European Union has been one of a REMAIN establishment (70% of MP's) seeking every trick in the book to SUBVERT Brexit. That started the ball rolling with the selection of Remainer Theresa May who would turn out to be the worst Prime MInister in British history.
Tuesday, September 10, 2019
Gold to Correct as Stocks Rally / Commodities / Gold & Silver 2019
By: Jordan_Roy_Byrne
It has taken a few weeks to play out but our warning of a correction in precious metals (first on August 18) is coming to pass.
Last week Gold, Silver and GDX all formed big bearish reversals at multi-year resistance levels. Yes, these resistance levels (Gold $1550, Silver $18.50, GDX 31) date back to 2013.
Bonds and precious metals have benefitted from the shift in Fed policy as well as fears of recession and growth in negative interest rate bonds.
These drivers could pause or shift temporarily and that would be supportive of stocks and not precious metals. Let me explain.
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Tuesday, September 10, 2019
Market Decline Will Lead To Pension Collapse, USD Devaluation, And NWO / Stock-Markets / Financial Markets 2019
By: Raymond_Matison
It is the goal of this article to project the current financial, economic, and geopolitical trends to a logical and credible future outcome. Some of these trends such as in demographics have been in motion for decades, while other trends such as those for negative interest rates have been developing for a much shorter time frame. Pension asset accumulation and eventual payout also extend over decades, and therefore are reasonably predictable. Even money and credit creation trends by the FED have been in place for a long period of time. Finally, the extended bubble market in fixed income and equities, in light of slowing economic trends, provides some assurance to future price expectations.
It is anticipated that a market decline in global economic activity will reduce fixed income and equity prices such that it will start an unvirtuous cycle between the consumer as driver to the economy and financial markets. Market declines will become noticeable by negatively affecting pension asset accounts and actual payouts. Demographic trends will frustrate maintaining our Social Security viable, and severe measures will need to be taken. State, municipal, teacher, corporate and individual pensions are already falling short of their promises. The FED has a publicized goal of increasing inflation, while the President wants a weaker dollar. They will both succeed. By the time that we exit from the coming Great Global Recession, our dollar very likely will no longer be the world’s leading reserve currency, which will result in a dramatic decline in the purchasing power of the dollar affecting negatively domestic and foreign dollar asset holders, or those receiving pensions in dollars. The world will have become financially and geopolitically multipolar resulting in a new world order.
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Tuesday, September 10, 2019
Stock Market Sector Rotation Giving Mixed Signals About The Future / Stock-Markets / Stock Markets 2019
By: Chris_Vermeulen
It seemed the markets wanted to make a point to alert us that volatility may be here to stay very early in trading this week. After a fairly flat overnight session with very little price volatility, the markets opened up to a moderately large price rotation (first downward, then back higher) before settling into a broader downside move in the early afternoon in New York. The interesting facet of this move is that it seemed to be related to price valuations and expectations in certain sectors. Before we get into the details, be sure to opt-in to my Free Market Forecast and Trade Ideas Newsletter so stay on top of these market moves.
As we’ve been suggesting for many weeks and months, we are not out of the woods quite yet. The US markets may be subject to more price volatility than we have considered while the continued Capital Shift (foreign capital pouring into the US markets) may also be shifting. One thing is certain, now is not the time to try to set up positional trades in the market expecting longer-term price trends to set up and run over the next few months. This appears to be a traders market where skilled technical traders will shine by finding opportunities and executing very skilled and targeted trades for profits.
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Tuesday, September 10, 2019
The Online Gaming Industry is Going Up / Companies / Online Gambling
By: Submissions
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Tuesday, September 10, 2019
The Unknown Tech Stock Transforming The Internet / Companies / Tech Stocks
By: OilPrice_Com
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Tuesday, September 10, 2019
More Wall Street Propaganda / Stock-Markets / Financial Markets 2019
By: Michael_Pento
One of the best examples of Wall Street’s propaganda machine at work is its willingness to dismiss recessionary signals. The inverted yield curve is a perfect example. Case in point, look at the story that was put out on Market Watch dated November 27th 2006—exactly one year before the Great Recession officially began, the stock market started its decline of more than half and the global economy started to collapse.
Here’s how some on Wall Street and the Fed described what was happening on the precipice of the global financial crisis regarding the inversion of the yield curve at that time: “Bernanke, and his predecessor Alan Greenspan, have attributed the inverted yield curve to a ‘global savings glut’ that has sparked fervid demand for Treasuries and U.S. corporate bonds. Economists have noted that this buying spree is inconsistent with the possibility of a looming recession. In the past inverted yield curves have been harbingers of recession, but a number of economists, including Federal Reserve Chairman Ben Bernanke, do not think this is the case in the present instance.”