Gold World News Flash |
- This Is What Bullish Markets Do
- TRIPLE DIGIT SILVER IN 2 YEARS? — CEO, Keith Neumeyer
- Gold Price Backed Off $12.60 (1%) to $1246.80
- President Killary
- The Global Push For Blockchain Continues – Trillion Dollar Test Run By Big Banks
- Billion Dollar Baby Bye Bye: Regulators Seek To Ban Theranos Founder Elizabeth Holmes
- Singapore Unexpectedly Eases Monetary Policy After "Economy Grinds To A Halt"
- CME calls time on New York open outcry options floor
- THE SOCIALIST
- Anonymous - Message to Hillary Clinton
- Bringing Everyone into The banking System so They can Establish a One-World Bank and Taxation System
- UPDATE "W.W.3": "PUTIN" Tells Everyone Exactly Who Created the I..S..I..S.. (The Russia is furious!)
- Is CME Group preparing for a Comex default?
- WARNING! PSALM 83 NUCLEAR WAR FORMING NOW!
- Gold-Backed Crypto Currency, Digix, to Increase Demand for Physical Gold
- Junior Gold Explorer in Nevada Attracts Big Money From Gold Producer
- IMF Warns of Global Economic Crisis! Demands QE and Stimulus
- Jerome Corsi -- Conservatives Being Targeted For Supporting Trump!
- Nephilim - Anunnaki Baby's Mummified Remains Discovered in Africa
- China’s Economy, Japan’s Negative Rate Equals “Screaming Reason” To Own Gold
- China's big four banks, StanChart, ANZ to join yuan gold benchmark
- In India broadcast, GATA secretary slams central bank gold rigging and ETFs
- A Four Candidate Race for the Presidency
- BREAKING: "Mega Mega 6.9 Quake Hits Burma"
- The Dollar Fights Back
- Gold and Silver Shares – How High Can They Go?
- How the Play the End of the Biggest Oil Bear Market Ever
- Buy Gold – Advises HSBC
- USD is a Puzzle. I may have a Solution
| This Is What Bullish Markets Do Posted: 13 Apr 2016 09:20 PM PDT by Avi Gilburt, GoldSeek:
Last week, we were looking for a further rally in the metals complex. But, our expectation was that the rally would likely be part of a corrective pattern. Specifically, as I noted about the GDX: Ultimately, as long as we remain over this past week's low of 19.32, I see a set up developing for a (c) wave into our target, which may even result in an expanded b-wave high, which can be higher than the top struck for wave i. I think this may confuse many people, and have them view this as a break out in the GDX. But, as long as we remain below 22.30, any higher high is likely part of an expanded b-wave structure, which is what I would prefer to see, as it supports a strongly bullish bias in the GDX. But, keep in mind that as long as we remain below 22.30, it is only setting us up for a drop in a c-wave for wave ii, which will likely be another buying opportunity. Even with the rally we have seen this past week, it does not yet look like the upside has completed. One of the indications I am watching closely is presented on the silver chart. As I have said for the last two weeks, as long as silver remains below 16.18, I believe we have a strong set up to even see lower lows in the complex – down to the 12-12.75 region. However, the pattern is still suggestive of a move up to the 15.60-15.80 region before further downside is seen. Alternatively, should silver be able to prove its more bullish intent with a move through 16.18, then we can have more confidence in a potential long term bottom having been struck already. Until such time, this is the chart that has the most bearish potential, but after a little more of a rally is seen. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| TRIPLE DIGIT SILVER IN 2 YEARS? — CEO, Keith Neumeyer Posted: 13 Apr 2016 08:50 PM PDT by SGT, SGT Report.com: Keith Neumeyer, the outspoken truth telling CEO of First Majestic Silver and Chairman of First Mining Finance is back to help us dissect the current state of the global silver market. Keith notes that the current silver to gold ratio of 80 to 1 is absolutely unsustainable in a world where physical silver is being mined globally at a rate of 10 ounces of silver for every ONE ounce of gold. “How can you possibly trade at 80 to 1 and be mining at 10 to 1? That relationship cannot last,” Neumeyer says. “I think we’ll see triple digit silver for sure over the next couple of years.” | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gold Price Backed Off $12.60 (1%) to $1246.80 Posted: 13 Apr 2016 08:26 PM PDT
It's complicated. I reckon it's always complicated, & today got more complicated. In a word, "Dollar index may have broken out to the upside, as well as stocks; higher dollar will reveal how stubbornly silver & gold are determined to rise." First, look at this US dollar index chart, http://schrts.co/QHFePt The dollar index formed a falling wedge from mid-March until yesterday. Wedges generally resolve by breaking out opposite the direction they point. Today the dollar index rose 82 basis points (0.87%) to 94.76, enough to poke unabashedly through the wedge's top boundary. MACD & RSI also witness a reversal upward. What can happen? IF the dollar index can confirm the breakout by piercing the 20 DMA (94.96), then it will run for the 50 DMA (96.22). Before that comes important resistance at 92.25, so watch that. Yesterday I mentioned that a falling dollar occasions upward re-pricing in all assets. When the dollar rises, we'll find out which assets were merely passively re-pricing, and which mean to rise and no matter the dollar. On a good quarterly earnings report from JP Morgan, stocks rose, especially bank stocks, dog of dogs, cat of cats, rotten stock of all rotten stocks. Investors ignored a report from US banking regulators that failed 5 of 8 big banks on their plans for a bankruptcy that would not rely on taxpayer money. Among the five failers was, of course, JP Morgan. Ponder the Bank Stock Index ($BKX), here, http://schrts.co/sAeVt2 $BKX gapped up & closed above the 20 DMA. That didn't draw my eye as much as the two preceding tops at the same point, causing to echo off the walls of my cranium the market proverb, "Double tops hold, triple tops don't." Also, the MACD is striving to turn up. Seems awfully late in this stock rally for bank stocks to be so juiced, but nobody ever got rich arguing with charts. Another day's higher close will send the $BKX toward the 200 DMA, now at 70.46. None of this happens in a vacuum. Remember that monetary demand for gold, the real driver of the gold price, feeds on distrust of financial markets, while the $BKX feeds of trust in same. Here's the Gold/$BKX spread, http://schrts.co/WBD5zq Mark the gap today as it fell down ($BKX rose faster than gold). Mark that it nearly reached the last low at 18.63. Mark that the MACD has turned down. Bottom line? Gold/$BKX must turn around, and soon, or stocks in general will suck money away from gold. This may be a Last Hurrah for bank stocks & stocks, but that theory must be validated by a lower $BKX tomorrow and higher Gold/BKX. A similar conundrum appears in stocks. Dow gained 187.03 (1.06%) today to close at 17,908.28. S&P500 gathered 20.7 (1%) to 2,082.42. For both indices that posts a new high for the rally that began mid-February, a long-in-the-tooth rally that had appeared to be rolling over. Fluke, or will the rally extend? Gravity beckons strongly, but a higher close tomorrow would send stocks higher still. I look at the charts of the Dow in Gold and Dow in Silver & see unequivocal downturns from the upward correction. They argue strongly against higher stocks. Gold price backed off $12.60 (1%) to $1,246.80. Silver gainsaid and went her own way, rising 10.3¢ (0.6%) to 1632.3¢ I am struggling, wrestling with this, because every bit of this says, "YAHOO! We're marching higher." Oh, gold backed off? Right, but only to the top of that $1,240-$1,245 resistance/support. Perfect: a touchback before take-off. Stayed above the 20 DMA. Has broken out of a triangle to the upside, go look, http://schrts.co/IG5nzx On the other side, the RSI an MACD are a little queasy. Silver has closed two days above the last high (1617¢) confirming its intention to climb higher. Here's a different chart, http://schrts.co/D2sR3W If we draw a trading channel (green dashed lines), silver has hit the upper boundary. Far more important, though, is that silver has crossed above its downtrend line form the April 2011 high. Normally a bounce back away from a channel boundary will follow, but since silver is punching into that very, very long term downtrend line, It might push ahead. I'm worried that gravity will take it, but fretting that it might reach escape velocity. Odds probably favor a short correction. Those odds become stronger if the dollar index manages to keep climbing. Aurum et argentum comparenda sunt -- -- Gold and silver must be bought. - Franklin Sanders, The Moneychanger The-MoneyChanger.com © 2016, The Moneychanger. May not be republished in any form, including electronically, without our express permission. To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold or 18 ounces of silver. US $ and US$-denominated assets, primary trend down; real estate bubble has burst, primary trend down. WARNING AND DISCLAIMER. Be advised and warned: Do NOT use these commentaries to trade futures contracts. I don't intend them for that or write them with that short term trading outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures. NOR do I recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or another may go up in smoke. Unless you can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary of traps. NOR do I recommend trading futures options or other leveraged paper gold and silver products. These are not for the inexperienced. NOR do I recommend buying gold and silver on margin or with debt. What DO I recommend? Physical gold and silver coins and bars in your own hands. One final warning: NEVER insert a 747 Jumbo Jet up your nose. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 13 Apr 2016 07:45 PM PDT Authored by Paul Craig Roberts,
Would The World Survive President Hillary? Hillary Clinton is proving to be the “teflon candidate.” In her campaign for the Democratic presidential nomination, she has escaped damage from major scandals, any one of which would destroy a politician. Hillary has accepted massive bribes in the form of speaking fees from financial organizations and corporations. She is under investigation for misuse of classified data, an offense for which a number of whistleblowers are in prison. Hillary has survived the bombing of Libya, her creation of a failed Libyan state that is today a major source of terrorist jihadists, and the Benghazi controversy. She has survived charges that as Secretary of State she arranged favors for foreign interests in exchange for donations to the Clintons’ foundation. And, of course, there is a long list of previous scandals: Whitewater, Travelgate, Filegate. Diana Johnstone’s book, Queen of Chaos, describes Hillary Clinton as “the top salesperson for the ruling oligarchy.” Hillary Clinton is a bought-and-paid-for representative of the big banks, the military-security complex, and the Israel Lobby. She will represent these interests, not those of the American people or America’s European allies. The Clintons’ purchase by interest groups is public knowledge. For example, CNN reports that between February 2001 and May 2015 Bill and Hillary Clinton were paid $153 million in speaking fees for 729 speeches, an average price of $210,000. As it became evident that Hillary Clinton would emerge as the likely Democratic presidential candidate, she was paid more. Deutsche Bank paid her $485,000 for one speech, and Goldman Sachs paid her $675,000 for three speeches. Bank of American Morgan Stanley, UBS, and Fidelity Investments each paid $225,000. Despite Hillary’s blatent willingness to be bribed in public, her opponent, Bernie Sanders, has not succeeded in making an issue of Hillary’s shamelessness. Both of the main establishment newspapers, the Washington Post and the New York Times have come to Hillary’s defense. Hillary is a war-monger. She pushed the Obama regime into the destruction of a stable and largely cooperative government in Libya where the “Arab Spring” was a CIA-backed group of jihadists who were used to dislodge China from its oil investments in eastern Libya. She urged her husband to bomb Yugoslavia. She pushed for “regime change” in Syria. She oversaw the coup that overthrew the democratically elected president of Honduras. She brought neoconservative Victoria Nuland, who arranged the coup that overthrew the democratically elected president of Ukraine, into the State Department. Hillary has called President Vladimir Putin of Russia the “new Hitler.” Hillary as president guarantees war and more war. In the United States government has been privatized. Office holders use their positions in order to make themselves wealthy, not in order to serve the public interest. Bill and Hillary Clinton epitomize the use of public office in behalf of the office holder’s interest. For the Clintons government means using public office to be rewarded for doing favors for private interests. The Wall Street Journal reported that “at least 60 companies that lobbied the State Department during her [Hillary Clinton’s] tenure as Secretary of State donated a total of more than $26 million to the Clinton Foundation.” According to washingtonsblog.com, “All told, the Clinton Foundation and its affiliates have collected donations and pledges from all souces of more than $1.6 billion, accoring to their tax returns.” According to rootsactionteam.com, multi-million dollar donars to the Clinton Foundation include Saudi Arabia, Ukrainian oligarch Victor Pinchuk, Kuwait, ExxonMobil, Friends of Saudi Arabia, James Murdoch, Qatar, Boeing, Dow, Goldman Sachs, Walmart, and the United Arab Emirates. According to the International Business Times, “Under Hillary Clinton, the State Department approved $165 billion worth of commercial arms sales to 20 nations whose governments had given millions to the Clinton Foundation.” Hillary Clinton has escaped unharmed from so many crimes and scandals that she would likely be the most reckless president in American history. With the arms race renewed, with Russia declared “an existential threat to the United States,” and with Hillary’s declaration of President Putin as the new Hitler, Hillary’s arrogant self-confidence is likely to result in over-reach that ends in conflict between NATO and Russia. Considering the extraordinary destructive force of nuclear weapons, Hillary as president could mean the end of life on earth. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| The Global Push For Blockchain Continues – Trillion Dollar Test Run By Big Banks Posted: 13 Apr 2016 07:40 PM PDT from World Alternative Media: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Billion Dollar Baby Bye Bye: Regulators Seek To Ban Theranos Founder Elizabeth Holmes Posted: 13 Apr 2016 06:30 PM PDT It seems billion dollar baby of Silcon Valley, Elizabeth Holmes, is facing yet another unicorn-slaying moment as the fairy-take ending for Stanford drop-out looks increasingly distant after WSJ reports regulators are seeking ban the so-called "billionaire" from the blood-tsting business for two years after U.S. health inspectors have found serious deficiencies at Theranos Inc.’s laboratory in Northern California.
As The Wall Street Journal, which has broke and has been on this story from day one, reports,
Holmes has 10 days to try to clear her name: "under federal law, Theranos had 10 days to give CMS evidence of why the sanctions shouldn’t be imposed. The company has responded, and CMS is reviewing the response, according to a person familiar with the matter. If the company doesn’t respond to the satisfaction of the regulators, CMS said in the letter that it will proceed to impose the sanctions." And if sanctions are imposed, it's pretty much game over.
None of this should be a huge surprise, after Aswath Damodaran chastened just a few months ago, looking back at the build up and the let down on the Theranos story, the recurring question that comes up is how the smart people that funded, promoted and wrote about this company never stopped and looked beyond the claim of “30 tests from one drop of blood” that seemed to be the mantra for the company. While we may never know the answer to the question, Aswath Damodaran offers three possible reasons that should operate as red flags on future young company narratives...
| ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Singapore Unexpectedly Eases Monetary Policy After "Economy Grinds To A Halt" Posted: 13 Apr 2016 06:14 PM PDT After a brief hiatus during which central banks refrained from stimulating their economies by the only way they know how, i.e., devaluing their currency through monetary policy, moments ago Singapore broke ranks when its central bank, the Monetary Authority of Singapore, unexpectedly eased monetary policy and drew a line against further appreciation when it announced that it would move to zero-percent appreciation in its currency. The MAS also said that width of policy band and the level at which it is centered will be unchanged while adding that the Singapore economy is projected to expand at a more modest pace in 2016 than envisaged in the October policy review," the central bank said. "Core inflation should also pick up more gradually over the course of 2016 than previously anticipated." The decision came as a surprise to economists, as 12 of the 18 polled said they expected no change from the central bank. It also surprised the SGD which proceeded to slide against the dollar following the announcement. As a reminder, the Singapore central bank eased monetary policy twice last year by reducing the slope of band, while retaining "modest and gradual appreciation" of currency against basket. Why did the MAS feel compelled to ease further? According to Bloomberg, the reason is that the trade-dependent city-state's economic growth ground to a halt last quarter.
"As Asia's financial hub, Singapore is feeling the effects of the global downturn and China's weakening economy. "More businesses were shut than opened in December and February, while bank loans have dropped every month since October, the longest period of declines since 2000."
As Bloomberg adds, Citigroup Inc. economist Kit Wei Zheng said in a report last month that the decline in net new businesses for the first time since 2009 signals a possible recession. In the past two decades, the only time that business closures exceeded openings was during contractionary periods in 2009, 2001 and 1995 to 1997, he said.
More economic weakness was revealed when the services industry contracted an annualized 3.8 percent in the first quarter from the previous three months, when it grew 7.7 percent. Manufacturing and construction rebounded strongly in the quarter, expanding 18.2 percent and 10.2 percent respectively "The key factors we see here are an absence of a significant pickup in the external front," Weiwen Ng, an economist with Australia & New Zealand Banking Group Ltd., said by phone from Singapore before the data was released. "The rest of the year will be a function of how the global outlook evolves." So now that Singapore has confirmed what the IMF warned about this week, namely that in a time of soaring global debt growth remains elusive and the only way to rent it, is to "beggar thy neighrbor" with monetary devaluation, just which other more prominent central bank will be the next to ease monetary policy because, you know, "global conditions"? | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| CME calls time on New York open outcry options floor Posted: 13 Apr 2016 05:52 PM PDT By Lindsay Whipp CHICAGO -- Another nail has been knocked into the coffin of commodities pit trading in America, as the Chicago Mercantile Exchange said it is to close its open outcry options floor in New York because of a lack of volume. The move follows the closure last year of its open outcry futures pits in Chicago and New York. Following its closure at the end of this year after 34 years of operation, there will remain just two open outcry trading pits at the CME: its options pit and its S&P 500 futures contracts floor. Only oil and metal options were being traded in the New York options outcry pit and much of that was block trading, which is done by phone and instant message. The CME said on Wednesday that it represented just 0.3 per cent of its overall energy and metals trading volume. ... ... For the remainder of the report: http://www.ft.com/intl/cms/s/0/33141038-01b9-11e6-99cb-83242733f755.html ADVERTISEMENT Free Storage with BullionStar in Singapore Until 2016 Bullion Star is a Singapore-registered company with a one-stop bullion shop, showroom, and vault at 45 New Bridge Road in Singapore. Bullion Star's solution for storing bullion in Singapore is called My Vault Storage. With My Vault Storage you can store bullion in Bullion Star's bullion vault, which is integrated with Bullion Star's shop and showroom, making it a convenient one-stop-shop for precious metals in Singapore. Customers can buy, store, sell, or request physical withdrawal of their bullion through My Vault Storage® online around the clock. Storage is FREE until 2016 and will have the most competitive rates in the industry thereafter. For more information, please visit Bullion Star here: Support GATA by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 13 Apr 2016 03:30 PM PDT Stefan Molyneux comments on the arrogance and ignorance of socialist certainty absent reason and evidence. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Anonymous - Message to Hillary Clinton Posted: 13 Apr 2016 02:53 PM PDT Message to Hillary Clinton.Hillary Clinton Email Archive:https://goo.gl/5BFBQf The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Bringing Everyone into The banking System so They can Establish a One-World Bank and Taxation System Posted: 13 Apr 2016 01:11 PM PDT FRA Co-founder Gordon T. Long is joined by Jeff Berwick in discussing the article Central banks beat Bitcoin at own game with rival supercurrency, the central banking system, and blockchain technology. Jeff Berwick is the founder of The Dollar Vigilante, CEO of TDV Media & Services and host of the popular video podcast, Anarchast. Jeff is a prominent speaker at many of the world's freedom, investment and gold conferences including his own,Anarchapulco, as well as regularly in the media including CNBC, Bloomberg and Fox Business. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| UPDATE "W.W.3": "PUTIN" Tells Everyone Exactly Who Created the I..S..I..S.. (The Russia is furious!) Posted: 13 Apr 2016 12:30 PM PDT TV BREAKING NEWS! NWO WW3 ECONOMIC NEWS!! Share... Share... this video must be shared with max number of people! THE INTERNET INFORMATION POWER! make your part now, please share it! Because the Government Cover-up! The Financial Armageddon Economic Collapse Blog tracks trends and... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Is CME Group preparing for a Comex default? Posted: 13 Apr 2016 12:10 PM PDT 3:10a SFT Thursday, April 14, 2016 Dear Friend of GATA and Gold: Dave Kranzler of Investment Research Dynamics wonders if futures exchange operator CME Group's opening an account for the funds of clearing members signifies preparations for possible default on gold and silver futures contracts. Kranzler's commentary is headlined "Is the CME Preparing for an Eventual Comex Default?" and it's posted at the IRD Internet site here: http://investmentresearchdynamics.com/is-the-cme-preparing-for-an-eventu... CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT We Are Amid the Biggest Financial Bubble in History; With GoldCore you can own allocated -- and most importantly -- segregated coins and bars in Switzerland, Singapore, and Hong Kong. Switzerland, Singapore, and Hong Kong remain extremely safe jurisdictions for storing bullion. Avoid exchange-traded funds and digital gold providers where you are a price taker. Ensure that you are outright legal owner of your bullion. If you do not own segregated bullion that you can visit, inspect, and take delivery of, you are exposed. Crucial guides to storage in Singapore and Switzerland can be read here: http://info.goldcore.com/essential-guide-to-storing-gold-in-singapore http://info.goldcore.com/essential-guide-to-storing-gold-in-switzerland GoldCore does not report transactions to any authority. Safety, privacy, and confidentiality are paramount when we are entrusted with storage of our clients' precious metals. Email the GoldCore team at info@goldcore.com or call our trading desk: UK: +44(0)203-086-9200. U.S.: +1-302-635-1160. International: +353(0)1-632-5010. Visit us at: http://www.goldcore.com Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference: https://jeffersoncompanies.com/landing/2014-av-powell Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| WARNING! PSALM 83 NUCLEAR WAR FORMING NOW! Posted: 13 Apr 2016 11:30 AM PDT This video is about WARNING! PSALM 83 NUCLEAR WAR FORMING NOW! The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gold-Backed Crypto Currency, Digix, to Increase Demand for Physical Gold Posted: 13 Apr 2016 11:20 AM PDT Gold Stock Bull | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Junior Gold Explorer in Nevada Attracts Big Money From Gold Producer Posted: 13 Apr 2016 10:51 AM PDT
2016 is turning out to be a great year for the Junior Gold Miners (GDXJ) which is up 70% year to date while the S&P500 (SPY) remains flat. Investors are turning to the junior gold miners in 2016. Precious Metals and the Junior Miners are emerging from a prolonged bear market and some of our top featured companies are making significant news and are being rated higher.
For instance, I have been a long time supporter of NuLegacy Gold (NUG.V or NULGF) who is advancing a project in the Cortez Trend adjacent to Barrick’s Gold Rush Discovery. The stock has just made a major breakout move on record volume. NuLegacy just announced a $6.67 million investment by Oceana Gold (OGC.TO or OCANF). This is a significant boost of confidence in the discovery as Oceana is a multinational gold producer. Albert Matter, Chairman of NuLegacy says, “This commitment provides NuLegacy with the funds and additional expertise to rapidly expand the Iceberg gold deposit. We are delighted to have been selected by OceanaGold in its diversification into North America’s major gold trends. The Financing will also fund the exploration of our 100% owned/controlled adjacent Idaho Resources Corporation (IRC) claims with similar favorable geology as the Iceberg gold deposit. The 2016 exploration season is anticipated to start late-April/early-May.” Smart investors have been preparing for this move in junior gold miners by investing in top management teams in major gold trends in favorable mining jurisdictions like Cortez in Nevada where Barrick has its lowest cost gold operations. Now the company has two producers as their top shareholders Barrick and Oceana.
In other non mining related news, Siyata Mobile (SIM.V or SIMFF) rose 18% breaking out into new highs to 35 cents and his finally broken through overhead resistance as they announced news that they became the approved vendor for Worldlynx the largest independent distributor for Bell Canada. Marc Seelenfreund, CEO of Siyata, commented, "It is an honour for us to partner with such a reputable telecommunications company. This is a great opportunity to offer our devices to a larger audience through Worldlynx's established customer base across Canada." Siyata is targeting markets that need to upgrade to next generation networks with 3G connected vehicle devices.
Another interesting story I have been following for months is Gatekeeper Systems (GSI.V or GKPRF) which is beginning to break out of a 4 month base at 14 cents. It could soon crossover the 200 DMA at $.155 after they recently announced a 107% gross profit increase in 2nd quarter. The company claims it has a record backorder of $2.7 million. This could be an exciting month for Gatekeeper Systems as a Press Day with Jones County School District is scheduled for April 27th to demonstrate the school bus cameras. Gatekeeper will get to keep 50% of the revenue from each citation. Jones County could be just the beginning for Gatekeeper Systems (GSI.V or GKPRF) if they are successful. Doug Dyment, President and CEO commented, "The second quarter revenue increase and profitability are indicators that we are successfully executing on our business strategy. During the second quarter we allocated more resources to our base business in an effort to achieve profitability while at the same time we continued to move forward finalizing software features for our Jones County revenue sharing contract in Georgia. The Jones County project is our first five-year revenue project. Our plan is to begin issuing citations in the third quarter this fiscal year. We have 16 other stop arm camera projects in the evaluation phase all of which are in various stages. We are in the process of negotiating revenue sharing contracts and hope to land several more contracts in the coming months.” Disclosure: I own all three companies NuLegacy, Siyata and Gatekeeper. They are all current website sponsors so I have a conflict of interest as I could benefit if share price increases. Please do your own due diligence. ___________________________________ Sign up for my free newsletter by clicking here… Order premium service by clicking here… Please see my disclaimer and full list of sponsor companies by clicking here… To send feedback or to contact me click here… Tell your friends! Please forward this article to a friend or share the link on Facebook, Twitter or Linkedin. For informational purposes only. This is not investment advice. May contain forward looking statements. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| IMF Warns of Global Economic Crisis! Demands QE and Stimulus Posted: 13 Apr 2016 10:30 AM PDT The other currencies are being blacked mail due to the tie index to the US dollar. The Euro and many other currencies is stronger than the US dollar. You can see it clearly when you wipe the Kakak afloat. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts ,... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Jerome Corsi -- Conservatives Being Targeted For Supporting Trump! Posted: 13 Apr 2016 10:00 AM PDT Alex Jones talks with Dr. Jerome Corsi who has been attacked over his support for presidential candidate Donald Trump. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers ,... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Nephilim - Anunnaki Baby's Mummified Remains Discovered in Africa Posted: 13 Apr 2016 09:30 AM PDT Nephilim - Anunnaki Baby's Mummified Remains Discovered in Africa. Disclosure is evident worldwide concerning these ancient Giants who many believe could be the Nephilim - Anunnaki. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries ,... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| China’s Economy, Japan’s Negative Rate Equals “Screaming Reason” To Own Gold Posted: 13 Apr 2016 09:29 AM PDT This post China's Economy, Japan's Negative Rate Equals "Screaming Reason" To Own Gold appeared first on Daily Reckoning. You can't watch any of the financial networks right now without hearing one word repeated over and over and that word is China. So today I wanted to kind of offer my opinion of why what is going on in China is very bullish for Gold prices. So to understand China and to understand where they sit right now it requires a little economic history about what's happened there. Since 2008, the Chinese officials, the Chinese government know that you don't have the big export engine that was driving their economy before. That after they devalued their currency, they started exporting there was a labor arbitrage to be had there where clearly jobs were going to China because things could be produced cheaper there. So now that market has balanced itself out, but the leaders in China know one thing: they've got to keep these people fed and they've got to keep these people working. So you started an infrastructure boom in China, and along and what financed that infrastructure boom – apartment buildings, houses, roads, etc. etc. – what financed that, is what some of you see on TV is what's called an expansion of the banking system. You know what that actually translates to? The banks made an awful lot of loans. So now, I believe you're going to start into a cycle where some of these loans start defaulting. In my opinion, you're going to have to completely recapitalize the Chinese banking system. How is that going to happen? It's going to happen with freshly printed Chinese Yuan. So, the people of China know this and they're doing everything they can to get their money out. And the Chinese government is seeing what we call a reduction in their foreign currency reserves. So if I'm sitting there holding Chinese Yuan and I want to convert that and I want to sell it and get rid of it and convert it to dollars, or Swiss Francs or whatever, then that will put a drain on those reserves that the Chinese government and The People's Bank of China hold. So if they're sitting on all these foreign currency reserves, and people start converting Yuan (i.e. they're selling their Yuan) they want to convert into other currencies and that starts to deplete the Government's reserves of those foreign currencies. The Chinese government doesn't want that. They don't want their own citizens converting out of their currency. So what are they starting to do? They're starting to change the legal framework to prevent those citizens from converting out of their own currency. Never mind as a free market thinker, I think that's absolutely revolting, but it is happening. So what is a way that an individual in China, he doesn't want to hold this currency because he believes that the currency is going to continue to get de-valued, what does he do? Number one, he can convert it to another currency. He can buy real estate with it. Obviously I think real estate prices in China have topped. He can go outside of China and try and invest in non-Chinese real estate. Or, he can go to another hard asset that we're all very familiar with. And that is gold. I believe that the weakness you have seen in the first month of this year's trading is caused by what I believe is a coming recession in the United States. I believe that you're going to see a slowing of the economy in China and I believe that the Chinese citizens want to do anything and everything they can to get out of their own currency and a big part of those reserves are going to go towards Gold. So right now as all central banks continue to print and continue to weaken, we saw Japan do it just last week, with them putting into negative interest rates, could you imagine being a Japanese investor? You're holding and you're looking for an investment. Gee, I don't know. How about I invest in a Japanese government bond where I have to pay the government to make that deposit. Gee, that looks like to me that even the Japanese people, right next to the Chinese people, would want to own gold under that scenario. Why would I want a bank to charge me to make a deposit? So right now, in so far in my time in this business if there's a screaming reason to own precious metals, it's the activities of those two central banks. Regards, Tres Knippa P.S. This video update was originally posted on goldc Editor’s Note: Be sure to sign up for The Daily Reckoning — a free and entertaining look at the world of finance and politics. The articles you find here on our website are only a snippet of what you receive in The Daily Reckoning email edition. Click here now to sign up for FREE to see what you're missing. The post China's Economy, Japan's Negative Rate Equals "Screaming Reason" To Own Gold appeared first on Daily Reckoning. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| China's big four banks, StanChart, ANZ to join yuan gold benchmark Posted: 13 Apr 2016 09:04 AM PDT By A. Ananthalakshmi Top Chinese banks, alongside Standard Chartered and ANZ, will be among 18 members to join a new yuan-denominated gold benchmark that signals China's biggest step toward becoming a price-setter for the metal. As the world's top producer, importer and consumer of gold, China has balked at having to depend on a dollar price in international transactions, and believes its market weight should entitle it to set the price of gold. The yuan gold fix, to be launched on April 19, is not expected to pose an immediate threat to the gold-pricing dominance of London and New York, but it could ultimately give Asia more power, particularly if the Chinese currency becomes fully convertible. The Chinese benchmark price will be derived from a 1 kilogram-contract to be traded by the 18 members on the Shanghai Gold Exchange, which will act as the central counterparty. The price-setting process will include China's big four state-owned banks, Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, and China Construction Bank, the SGE said in a statement on its website. Bank of Communications, Shanghai Pudong Development Bank, China Minsheng Banking Corp., Industrial Bank Co., Ping An Bank, and Shanghai Bank will also participate. ... ... For the remainder of the report: http://www.reuters.com/article/china-gold-fix-idUSL3N17G2W4 ADVERTISEMENT Buy metals at GoldMoney and enjoy international storage GoldMoney was established in 2001 by James and Geoff Turk and is safeguarding more than $1.7 billion in metals and currencies. Buy gold, silver, platinum, and palladium from GoldMoney over the Internet and store them in vaults in Canada, Hong Kong, Singapore, Switzerland, and the United Kingdom, taking advantage of GoldMoney's low storage rates, among the most competitive in the industry. GoldMoney also offers delivery of 100-gram and 1-kilogram gold bars and 1-kilogram silver bars. To learn more, please visit: http://www.goldmoney.com/?gmrefcode=gata Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference: https://jeffersoncompanies.com/landing/2014-av-powell Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| In India broadcast, GATA secretary slams central bank gold rigging and ETFs Posted: 13 Apr 2016 08:49 AM PDT 11:45p SGT Wednesday, April 13, 2016 Dear Friend of GATA and Gold: Video of your secretary/treasurer's interview Tuesday with The Times of India's television network, ET Now, has been posted, wherein your secretary/treasurer asserted that there is no telling where the gold price will go without first ascertaining the policies and surreptitious intervention of the primary participants in the gold market, central banks, and that gold exchange-traded funds are mechanisms of price suppression operated by big investment banks operating on the instructions of central banks. The video is 5 1/2 minutes long and can be viewed at the Times' Internet site here: http://economictimes.indiatimes.com/et-now/commodities/expect-gold-price... CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT Buy precious metals free of value-added tax throughout Europe Europe Silver Bullion is a fast-growing dealer sourcing its products from renowned mints, refiners, and distributors. Because of a legal loophole that will close soon, you can acquire the world's most popular bullion coins free of value-added tax throughout the European Union. You can collect your order in person at our headquarters in Tallinn, Estonia, or have it delivered in any of the 28 EU countries. Europe Silver Bullion is owned and operated by North American and European experts in selling, storing, and transporting precious metals. We have an extensive product inventory of silver, gold, platinum, and palladium, and our network spans the world. Visit us at www.europesilverbullion.com. Support GATA by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| A Four Candidate Race for the Presidency Posted: 13 Apr 2016 08:48 AM PDT This post A Four Candidate Race for the Presidency appeared first on Daily Reckoning. If the Republican Party chooses a candidate other than Donald Trump at its convention, the possibility that Trump would declare a third-party/ independent candidacy is already mainstream. This would create a three-candidate race for the presidency in which the independent actually has a chance to win, given the monumental disgust of the voting public with the corrupt, elitist and profoundly venal parties. So what’s to keep Bernie Sanders from declaring as an independent candidate for the presidency? While Sanders has mouthed the expected platitudes about supporting Democratic Party hack Hillary Clinton, his ardent supporters–who almost by definition have zero loyalty to the elitist, permanent-war-is-wonderful Democratic party–might insist Bernie hold true to his independent roots and run as an independent. That this has never happened before doesn’t mean it couldn’t happen.Granted, the American system is rigged in favor of the two parties; independents would face major hurdles in getting on the ballot. The American system has essentially no room for the will of the people: after the party machinery filters out everything but support for elites, vested interests, war and some hot-button social issues to distract the masses from their servitude, there is nothing left of the people’s will but a fetid trickle of raw sewage. It is no accident that party membership and loyalty is in structural decline. The parties only represent various groups of insiders and vested interests, most sucking their wealth off the bloated bureaucracy of the federal government. Party loyalists are by default those who benefit most from the status quo; the disaffected and marginalized have no voice. The system is rigged to eliminate the will of the people via rigged party conventions. The status quo (i.e. the few benefit at the expense of the many) will defend its perquisites by rigging the conventions to select a suitably venal party hack (Clinton, Cruz, et al.) and then cranking up the propaganda money-machine to whip the remaining party loyalists into voting for the party hack, not because the hack is a worthy candidate but because the party elites say so. Here’s what no mainstream pundit dares discuss: the two-party system is sick unto death. Not only could the two-party system collapse, it should collapse. Nobody can say this in polite company, but reforming the corrupt two-party system is impossible, and so the only way forward is collapse. Thomas Homer-Dixon described this dynamic in his book The Upside of Down: Catastrophe, Creativity, and the Renewal of Civilization. The American public deserves a real choice, not the rigged non-choice between two party hacks. The American public deserves the opportunity to vote for Sanders, Trump, and whatever hacks the two elitist war parties select. Regards, Charles Hugh Smith P.S. Ever since my first summer job decades ago, I've been chasing financial security. Not win-the-lottery, Bill Gates riches (although it would be nice!), but simply a feeling of financial control. I want my financial worries to if not disappear at least be manageable and comprehensible. And like most of you, the way I've moved toward my goal has always hinged not just on having a job but a career. You don't have to be a financial blogger to know that "having a job" and "having a career" do not mean the same thing today as they did when I first started swinging a hammer for a paycheck. Even the basic concept "getting a job" has changed so radically that jobs–getting and keeping them, and the perceived lack of them–is the number one financial topic among friends, family and for that matter, complete strangers. So I sat down and wrote this book: Get a Job, Build a Real Career and Defy a Bewildering Economy. It details everything I've verified about employment and the economy, and lays out an action plan to get you employed. I am proud of this book. It is the culmination of both my practical work experiences and my financial analysis, and it is a useful, practical, and clarifying read. The post A Four Candidate Race for the Presidency appeared first on Daily Reckoning. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| BREAKING: "Mega Mega 6.9 Quake Hits Burma" Posted: 13 Apr 2016 08:33 AM PDT "Mega Mega 6.9 Earthquake hits Burma along the "Tibetan Plateau" and extensive damage is expected in the region The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers ,... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 13 Apr 2016 07:15 AM PDT This post The Dollar Fights Back appeared first on Daily Reckoning. Good day, and a wonderful Wednesday to you! What the heck happened overnight? The dollar has reversed its downward path, and is back on top this morning, even with the price of oil rising above $41, and China printing some better than expected Trade numbers. What’s going on here? The euro, which had pushed well into the 1.14 handle, is getting whacked, and the European Central Bank (ECB) hasn’t even met yet (they meet tomorrow)! There was a whispering campaign going on in Europe yesterday regarding the ECB’s uneasiness with the rise in the euro, and that the ECB might do something about it. And then there’s the Japanese yen, which just a couple of days ago, had reached a 17-month high vs. the dollar, is getting whacked. And the petrol currencies aren’t seeing any love even with oil above $41 this morning. My spider sense is tingling folks. What was the result of the “emergency meeting” between Fed Chair, Janet Yellen and the POTUS the other day? Is this it? Was the message more than just a plea to ease monetary policy ahead of the election? Was it to stop the bleeding in the dollar? Hello? Is this Mario Draghi? Good, this is Janet Yellen, I’ve also got Mr. Kuroda on the conference line, can everyone hear me now? OK, we all decided in Shanghai last month that the dollar had gotten too strong, and that we needed to do something about that, well, now the dollar has gone too far too fast, and this has got to stop. Does anyone have any suggestions as to how we pull this off without the media catching on? Ok, that was all made up, by the mind of Chuck Butler (remember those commercials? Only from the mind of Minolta) I’m sure none of that happened, for this is the 21st century, and someone would leak that information, right? Look around on the internet, you won’t find anything about the Yellen/POTUS meeting, but Polly Anna stuff. So, I made up some stuff that I think probably could have happened, that would explain this turnaround in the currencies. Gold is down $12 this morning, too. So, it’s not just the currencies vs. the dollar. The Chinese renminbi was allowed to appreciate in the overnight fixing after China posted their latest Trade data. As I said above, the Chinese Trade Data was better than expected, and sometimes that can mean “not as bad as expected”, which would apply here. let’s take a look at the data. Chinese imports were expected to lose -10.1%, but only lost -7.6% year on year, and Chinese exports were actually “better than expected” posting an 11.5% gain vs. 10.5% expected (year on year). So, I would have to say that this was overall, a good report from China. So far this week, we’ve seen better Trade Data, and growing reserves from China. Maybe they’ve turned the corner, and maybe they haven’t. Only time will tell. I’ve been on the Singapore band wagon for the last couple of months. I told you previously a couple of times that I wrote a long article about Singapore and the Singapore dollar last month, and so my antenna are always up whenever someone writes something about Singapore. And so it was that Tony Sagami, of the Connecting Dots newsletter issued by Mauldin Economics had some very nice things to say about Singapore yesterday. Let’s listen in:
The Bank of Canada (BOC) meets today, and after the recent upgrade in the forecast for GDP growth in 2016, I would have to think the BOC would be on hold today. Besides, there’s not much left for them to cut with internal rates at 50 Basis Points (1/2%). The Canadian dollar/loonie has been on a roll in recent months, with their stealth-like rally, but there’s no rallying going on with the loonie today. Instead, we have the U.S. dollar in the driver’s seat, and tears are what we are seeing today in the currencies and metals. In Australia, at one time last night, the Aussie dollar (A$) and kiwi were the best performing currencies of the night, with both up about 1/3rd cent, but then the trap door sprung, and the dollar green/peachback was there to gobble them up! Anyway, the latest Aussie employment data will print tonight (tomorrow for them). I think I told you previously that with the Aussie employment being better than expected the past two quarters, I would expect to see some pull-back in the numbers. Employment still growing, but not on the same path as in previous months. I don’t think though that a pull-back is going to cause the Reserve Bank of Australia (RBA) to think about getting their interest rate powder wet. We should continue to be Steady Eddie with Australia and the A$. On a sidebar — get ready for the next currency of the month, which will print this Sunday, I believe, and it will feature the A$! So make sure you look for that at your nearest newsstand, or your computer screen! On another sidebar. I was excited, as usual, when I saw that my friend, Dave Gonigam over at the 5 Min. Forecast, put my names up in lights yesterday. He thought enough of my explanation of the end of strong trends that he printed it in the world famous 5 Min. Forecast yesterday. Thanks Dave! Yikes! Gold has lost even more ground since I told you above that it was down $12 this morning. It’s now down $15, and in no danger of setting off bells and whistles alerting the price manipulators. I guess everyone couldn’t keep quiet yesterday, and woke up the price manipulators! HA! I wonder if the guy over at HSBC, who just announced that “the U.S. dollar price of gold is in an uptrend with a bullish Elliot Wave structure.” Is wanting a Mulligan? His name is Murray Gunn, and is the head of technical analysis at HSBC. Elliott Wave technical stuff is pretty strong words, folks. You only pull out the fact that you understand Elliot Wave when you are absolutely, positively, sure that you are correct. And Finally! The U.S. Data Cupboard is ready to yield some market moving data to us today! March Retail Sales will print, and I’ve been over this previously, but for those of you who missed class last week and yesterday (where have you been?) the BHI indicates that this will be yet another disappointing print. Not as disappointing as February’s negative -0.1% print, but disappointing nonetheless. For what is supposedly a “data dependent” Fed, this has got to really take the starch out of their collars! And finally before I go to the Big Finish. The IMF was talking yesterday. My good friend, and retirementor, Dennis Miller, sent me a note highlighting the fact that the IMF was talking UP negative rates. Can you believe that? All I can say to that is that I’m glad I don’t live in a country that needs IMF assistance, for if ever there was a black cloud forming over a country it would be when the IMF steps in. I guess maybe you’re catching on here that I don’t hold the IMF in high regard. HA! This is interesting, and something you won’t see on the TV news folks. But the prices of used cars are plunging. Does that tell us anything we should know? You bet it does or it wouldn’t be in the Pfennig! HA! So, here’s the link to the article, and here’s your snippet:
Chuck again. Yes, it’s these little things that begin to add up and when the house of cards comes crumbling down people will think back and say, “hey, remember that article that Chuck showed us that talked about used car prices plunging? “ That’s it for today. I hope you have a wonderful Wednesday, and be good to yourself! Regards, Chuck Butler P.S. Be sure to sign up for The Daily Reckoning — a free and entertaining look at the world of finance and politics. The articles you find here on our website are only a snippet of what you receive in The Daily Reckoning email edition. Click here now to sign up for FREE to see what you're missing. The post The Dollar Fights Back appeared first on Daily Reckoning. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gold and Silver Shares – How High Can They Go? Posted: 13 Apr 2016 07:01 AM PDT In December 2003 Edward Gofsky wrote a great article titled, “The 21st Century Gold Rush: How High Can Gold and Silver Stocks Go? Higher Than You Might Think!!” Being a bull on the precious metals I thought then what a great article. I have been in touch with Edward and he has given me permission to use his article. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| How the Play the End of the Biggest Oil Bear Market Ever Posted: 13 Apr 2016 06:54 AM PDT This post How the Play the End of the Biggest Oil Bear Market Ever appeared first on Daily Reckoning. The worst oil bear market in history appears to be coming to a chaotic end… Oil broke above $42 to new 2016 highs yesterday. That marked the third straight day of a rally that began around $37. As of yesterday afternoon, oil's back above its 200-day moving average. And it's lifting the rest of the market higher too. The Dow was up about 165 points yesterday. Futures are pointing toward a higher open this morning. So… is it time to place a few shekels on an oil play? You're about to find out. It's been a long time since oil's had this much pep in its step. My friend Charlie Bilello from Pension Partners notes that yesterday's close above its 200-day moving average is crude's first since July 2014. That's oil marks oil's longest downtrend in history. And it's still nearly 60% off the highs it posted nearly two years ago. Maybe oil's historic downtrend is finally through…
For most of this year, no matter how hard the market's tried to escape this year, stocks have been anchored to oil. A down day for oil has meant a down day for the major averages. And vice versa. But last week we noted that stocks were attempting a daring escape from crude's clutches because stocks were sagging while crude was rallying. We even considered the possibility that the marriage between oil and stocks might be over. But we warned that the market made no guarantees oil and stocks would go their separate ways anytime soon. Because so far this year, any divergence has been short lived. And Tuesday's action suggests the marriage isn't over. Oil's still calling the shots and stocks are along for the ride. Traders rotated right back into oil names yesterday, sending the Energy Select Sector SPDR higher by nearly 3% on the day. Of course, there's still plenty of news swirling around the oil patch. Several outlets have reported that Saudi Arabia and Russia have reached a consensus to freeze oil production once again. Who knows whether this will pan out… James Williams, energy economist at WTRG Economics, told MarketWatch that oil prices are currently moving on headlines more than reality. In this manic market, that means we're seeing serious whipsaw moves—even after a breakout like we witnessed yesterday. Just this morning, the Saudi oil minister downplayed the possible Russian deal. Oil's down more than 1.3% as a result— and well below $42. While the charts do look like oil has put in a significant bottom, we're still dealing with some serious headline risk and the potential for some wild chop in the oil patch. I'm seeing some interesting setups in energy and materials stocks right now. But we want to be extra-careful putting on new trades in this environment. Commodities are flailing back and forth across the board right now. Precious metals are even giving back most of their gains from earlier this week thanks in part to a big oversold bounce from the U.S. Dollar this morning. Is oil's historic slide really finished? It's possible. The road higher will be messy and difficult. But some quality trades should materialize soon enough… Sincerely, Greg Guenthner P.S. Can oil finally break free? Stay ahead of the of the story–sign up for my Rude Awakening e-letter, for FREE, right here. Stop missing out. Click here now to sign up for FREE. The post How the Play the End of the Biggest Oil Bear Market Ever appeared first on Daily Reckoning. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 13 Apr 2016 04:09 AM PDT Buy gold is the call of HSBC technical analysts who are becoming increasingly bullish on gold and increasingly bearish on stocks as reported by Business Insider. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| USD is a Puzzle. I may have a Solution Posted: 13 Apr 2016 01:25 AM PDT There is a lot not to like about this Wave structure, but it may be that the decline is finished. The decision to take this opinion is based on several factors. But the main one was the following Bloomberg article that caught my eye: “Hedge funds are close to calling it quits on the dollar’s best run in a generation. |
While we still do not have a long term confirmed bottom in the metals complex just yet, the price action is quite indicative of a very bullish market. You see, when the metals are truly in a bullish trend, they do not see deep retracements, which forces market participants to chase price, as most corrections are simply high level price consolidations. This is starting to look like what we are seeing in the GLD and GDX.
| You are subscribed to email updates from Save Your ASSets First. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google Inc., 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment