From The Big Picture:
“We are in the business of making mistakes. The only difference between the winners and the losers is that the winners make small mistakes, while the losers make big mistakes.”
If you are a regular main street investor, you may never heard of Ned Davis.
If you are a market technician, however, you certainly have – Ned Davis may be the single most highly respected Technical Analyst working [...]
By Stephen Lendman
April 09, 2013
It shouldn’t surprise. It’s already policy. Market analyst Graham Summers explained. Depositor theft is coming. Europe is banker occupied territory. So is America.
Finance is a new form of warfare. It’s more powerful than standing armies. Banking giants run things. Money power has final say.Ordinary people are impoverished. Even their bank accounts aren’t safe.
Cypriot officials agreed to tax them. Canada, New Zealand, and Euroland member states plan [...]
The dream of an electric car that’s both affordable and practical has eluded automakers, and will likely do so for another decade.
The problem is a lack of cheap, powerful battery technology that keeps ranges limited, charge times long, and prices high.
A much better battery is the “holy grail,” says Jack Nerad, executive editorial director and market analyst at Kelley Blue Book. While lots of parties are working on it, “nobody’s got [...]
Dear Friend of GATA and Gold:
Your secretary/treasurer is scheduled to be interviewed on by Bernie Lo on the “Squawk Box Asia” program on CNBC Asia at about 7:40 Thursday morning Hong Kong time. If circumstances allow your secretary/treasurer will try to rebut the enduring cliche about gold, articulated again all over the Internet this week by market analyst and investment adviser Przemyslaw Radomski –
– that “central bankers can print all [...]
Mario Draghi’s hesitance to provide a hoped-for plan on how the European Central Bank could support the euro was seized on by some analysts as proof of the sway held by German policymakers.
“What he said last week was they’ll do whatever it takes, today it was more like they’ll do whatever the Bundesbank allows them to,” wrote Craig Erlam, market analyst at Alpari (UK) Ltd.
Today’s AM fix was USD 1,571.50, EUR 1,298.12, and GBP 1,011.91 per ounce.
Friday’s AM fix was USD 1,583.00, EUR 1,291.30and GBP 1,007.83 per ounce.
Silver is trading at $26.98/oz, €22.36/oz and £17.94/oz. Platinum is trading at $1,396.00/oz, palladium at $564.80/oz and rhodium at $1,190/oz.
Gold climbed $2.90 or 0.18% in New York on Friday and closed at $1,583.90/oz. Gold initially traded sideways in Asia and then began to fall about 0.75% [...]
I’m not a technical analyst or a fundamental analyst or any other type of equity market analyst. What I am is just a guy who likes to think he can spot completely nonsensical propaganda when he reads or hears it.
You know, the type of non-stop propaganda that attempts to manage perceptions/expectations and convince “investors” that, while things are obviously very bad in the real economy, everything is still just hunky dory [...]
by Chris Martenson
What do you get when the producer of the world’s reserve currency takes on too much debt? Nothing less than the end of the US Treasury-based monetary system.
So says Eric Jansen, economic and financial market analyst and proprietor of iTulip.com. In chronicling the decline of the global economy over the past decade, Eric has formulated a framework called the “Ka-POOM” theory, which endeavors to understand how the immense [...]
Submitted by cpowell on Tue, 2011-09-27 04:06. Section: Daily Dispatches
12:07a ET Tuesday, September 27, 2011
Dear Friend of GATA and Gold:
Market analyst Izabella Kaminska this month examined the collapse in gold lease rates and concluded that central banks likely have been trying to stuff gold into the market by various back doors, resulting in the placement of borrowed gold at exchange-traded funds like GLD and thus in gold price [...]
IIK.BE – news) ‘s debt to junk status * Euro hits record low vs Swiss franc, EUR/USD hits 4-mo low * Minutes from latest Fed meeting spur brief euro rebound (Updates prices, adds quotes)
NEW YORK (Xetra: A0DKRK – news) , July 12 (Reuters) – The euro fell to its lowest level against the dollar in four months and hit another record low against the [...]
In what’s being viewed as a desperate attempt by Greek Prime Minister George Papandreou to push through needed austerity measures, the embattled leader announced late the prior day he would form a new government Thursday. Protests swept across the capital, sometimes turning violent, against the measures the country needs approved in order to get a new tranche of bailout funding.
“A new government is set to [...]
Silver and gold were within sight of historic highs on Friday and could resume an uptrend as the US dollar held near 3-year lows against a basket of currencies on hopes US monetary policy would stay ultra loose, keeping inflationary price pressures high.
A fresh batch of US economic data in the form of rising claims for jobless benefits failed to rescue the dollar, which had dropped [...]
by Chris Martenson
Paul Tustain: Gold Is Sending A Signal That The Monetary System Is In Grave Danger
“When a country’s public debt exceeds 90% of GDP, that is the magic number. You get to 90%, there is no way back, and that is the number that the U.S. is going through pretty much as we speak. It is also the number which the UK has gone through; [...]
NEW YORK (Dow Jones)–The recent, broad retreat in the euro is likely to continue over the next week on currency investors’ perception that the European Union isn’t doing enough to contain sovereign debt contagion.
The plunge lower could accelerate if the euro falls through some technical levels and typical light end-of-the-year volume makes trading more volatile.
“The EU summit concluded with no real new developments to address immediate contagion,” said Omer Esiner, [...]
By MICHAEL FELBERBAUM, Businessweek
Turkey and the trimmings won’t cost much more this year than last, according to the Virginia Farm Bureau, but some Virginians think the estimate is missing some important ingredients for a feast.
The bureau says it should cost $43.39 to serve a 16-pound turkey, stuffing, sweet potatoes, rolls, cranberries and peas for 10 adults. The price also includes a tray of carrots and celery, as well as [...]
The Fourteenth Banker writes today:
In the stock market, program trading dominates volume. I heard recently that 70% of trade positions are held for an average of 11 seconds.
As the New York Times dealbook noted in May:
These are short-term bets. Very short. The founder of Tradebot, in Kansas City, Mo., told students in 2008 that his firm typically held stocks for [...]
Seems some researchers have found hard evidence in the bid prices, ask prices, order sizes and other trading activity.
From the article:
“Stock Swing Still Baffles, With an Ominous Tone”
“The stock market mysteriously plunges 600 points â€” and then, more mysteriously, recovers within minutes. Over the next few weeks, analysts at Nanex, an obscure data company in the suburbs of Chicago, examine trading charts from the day and are stunned to find [...]
Via bloomberg :
The shared currency fell for a fourth week versus the dollar and a third week versus the yen, the longest losing streaks since February, as German Chancellor Angela Merkel said that Europe is in a Ã¢â‚¬Å“very, very serious situationÃ¢â‚¬Â despite a rescue package for the regionÃ¢â‚¬â„¢s most indebted nations. European Central Bank Governing Council member Axel Weber speaks on financial-market regulation next week in Berlin.
Ã¢â‚¬Å“We went through a [...]
Nymex Sets Record for Oil Trading Volume
Published: Wednesday, 14 Apr 2010 | 3:23 PM ET Text Size By: Reuters
A record 2.5 billion barrels of crude oil traded on the world’s two main futures exchanges on April 13, data showed, prompting some analysts to caution financial investors risk inflating a price bubble on Wednesday.
In the United States, a record 1.4 million benchmark U.S. crude oil future contracts changed hands on the [...]