With all eyes on China’s Trade Data (due out shortly), propagandists aplenty are out en masse to explain a) China’s slowing economy is a “healthy rebalancing” (in other words, please do not pull your capital, or this will get very serious), b) The Fed should not raise rates (or we will bury them in Treasury selling and force…
GBP/JPY: With the cross printing back to back long-tailed candles on Friday and Monday to trigger bear pressure during early Asia session, we look for weakness to occur. The cross to target its Oct 07 2015 low at 182.49 level. On upside, resistance is seen at the 184.00 level followed by the 185.00 level. A…
DOW + 47 = 17,131SPX + 2 = 2017 NAS + 8 = 4838 10 YR YLD closedOIL – 2.10 = 47.53 GOLD + 7.50 = 1164.90 SILV – .01 = 15.92 The Dow Industrials posted a gain for the seventh consecutive session, and ninth gain in the past 10 sessions. During the rally, the…
Comments by the Managing Director of the International Monetary Fund (IMF) Christine Lagarde revived investors’ hopes for an end to the current global economic slowdown sooner than later, by stating that China’s economic state is not so dramatically bad. Ms. Lagarde said that the second largest economy’s recovery is not progressing with the same acceleration…
Banks have become convinced the Fed simply isn’t going to hike. So instead of waiting any longer, large banks like Wells Fargo (WFC) are plowing billion of dollars into longer dated treasuries and agencies. Simply put, Big US Banks Lose Patience With the Fed In the years since the crisis the banks have grown used to…
by Lance Roberts, StreetTalk Live Over the last couple of weeks, I have been discussing the potential for a short-term rally in the markets. That rally has now occurred and as I addressed this past Thursday: “As you can see, the markets did retest the late August lows, and when combined with the very oversold conditions, led…
We all know helicopter money of some kind is coming as the global economy spirals into recession. Quantitative Easing (QE)–the monetary stimulus of distributing newly created central-bank money to private banks–has been discredited, as even cheerleaders and apologists now admit it has only widened wealth and income inequality. So what’s left in the toolbag of central banks…
I realize that we’re all getting a bit weary of hearing about Dennis Gartman, his picks, and his fade-worthiness. I heard something, however, which compels me to offer up this post about what he said today on CNBC. The entire clip is here, but the important stuff is beneath it: To save you a bit of time,…
<<< Read: Gold Is Not Money I opened a blog post on 7th October with the statement that gold was money in the distant past and might again be money in the future, but isn’t money in any developed economy today. I then explained this statement. The post stirred up a veritable hornet’s nest, in that over the…
NFTRH subscribers were apprised of the growing risk of a negative reaction in the gold stocks on Friday and again this weekend. This was done first in an update and then in the regular report. The recommended courses of action were ‘take at least partial profits’, hedge or at least ‘do not chase’. Personally, I chose…
