Gold Versus The Yen

For gold to perform well against the US dollar, it needs to perform well against the Japanese yen. Please click here now. Double-click to enlarge. Since 2011 gold has traded sideways against the yen. Since 2013 it has been coiling in a very positive symmetrical triangle pattern. An upside breakout would usher in a major move higher for gold against both the yen and the dollar. Since 2013, the Indian market has been dealing with major duty, import rule, and hallmarking issues. The process has weighed on demand since 2012. India’s gold market has undergone an enormous restructuring in response to these issues. The good news is that the restructuring is essentially complete now. That paves the way for higher imports on a much more consistent basis. China has made significant progress in tying gold price discovery more to physical demand versus supply.

This post was published at GoldSeek on Tuesday, 15 August 2017.

Record Number Of Fund Managers Say “Stocks Are Overvalued” As They Rush To Buy Nasdaq

Another month, another paradox emerges in the latest Bank of America Fund Managers Survey, which on one hand reveals that a record number, or 46%, of Wall Street respondents say stocks are “overvalued”…
… even as the number of investors expecting a “Goldilocks” economic scenario of above-trend growth and below-trend inflation, hit a record high 42%…

This post was published at Zero Hedge on Aug 15, 2017.

Better Investor Risk Appetite Fuels World Stock Markets Rallies

World stock markets were mostly higher again Tuesday, on a further apparent de-escalation of the U. S. and North Korea stand-off regarding its nuclear missiles. North Korean news reports Tuesday said President Kim Jong Un has decided not to fire missiles at Guam. The U. S. secretary of defense and secretary of state, as well as other Trump administration officials, in recent days said they are trying to achieve denuclearization of North Korea through diplomacy. U. S. stock indexes are pointed toward higher openings when the New York day session begins.
The safe-haven assets gold and U. S. Treasury bonds are seeing price pressure from the better risk appetite in the world marketplace so far this week. Gold prices are down about $11.00 an ounce in pre-U. S.-session trading Tuesday.

This post was published at Wall Street Examiner on August 15, 2017.

Complacency Doesn’t Rule

Until just recently, stock market volatility had been exceptionally low, leading many to believe that this market had become ‘complacent.’ That assessment elicits concern because of many view complacency as a warning signal … a calm before the inevitable storm.
Well … as Hyman Minsky taught us, that storm will come, and in many ways, it will be a direct result of our complacency. But right now, US equity investors seem to be anything but.
If you’ve been wondering how stocks can continue to rise, day after day, week after week, in the face of a stalled US political environment, confrontation with N. Korea and lukewarm global growth, take a look at the chart below.

This post was published at FinancialSense on MATTHEW KERKHOFF /08/15/2017.

Gold Market Morning: August-15-2017: Gold and silver consolidating as the dollar corrects higher?

Gold Today – New York closed yesterday at $1,282.00. Londonopened at $1,272.75 today.
Overall the dollar was stronger against global currencies, early today. Before London’s opening:
– The $: was stronger at $1.1740 after the yesterday’s $1.1799: 1.
– The Dollar index was stronger at 93.73 after yesterday’s 93.33.
– The Yen was weaker at 110.33 after yesterday’s 109.76:$1.
– The Yuan was weaker at 6.6792 after yesterday’s 6.6691: $1.
– The Pound Sterling was stronger at $1.2957 after yesterday’s $1.2995: 1
Yuan Gold Fix
New York closed $4.53 higher than Shanghai’s close yesterday. Then today sees Shanghai dropping the gold price just before London opened, which lead to London’s prices being lower as the dollar corrected higher, in its falling pattern. Shanghai is leading the way down, but following a stronger dollar as it adjusts to dollar gold prices.
Silver Today – Silver closed at $17.07 yesterday after $17.06 at New York’s close Friday.

This post was published at GoldSeek on 15 August 2017.

The new American Dream: rent your home from a hedge fund.

About a month ago I joined the Board of Directors of a publicly-traded company that invests in US real estate.
The position brings a lot of insight into what’s happening in the US housing market. And from what I’m seeing, the transformation that’s taking place today is extraordinary.
Buying and renting out single-family homes has long been the mainstay investment of small, independent, individual investors.
The big banks and hedge funds pretty much monopolize everything else. They own the stock market. They own the bond market. They own all the commercial real estate. They even own the farmland.

This post was published at Sovereign Man on August 15, 2017.


Some Florida parents got a bit of a surprise when they were kicked out of pediatric firms for having unvaccinated children.
Even though the decision to not vaccinate is growing among those who read the vaccine inserts and familiarize themselves with the potential side effects, doctors want all children forcibly injected because they make more money if their patients vaccinate. It’s not a secret that the vaccine manufacturers dumped big money into California lawmakers pockets just before mandating all children get all the recommended vaccines. But safety and health come second to a pocket full of money.
‘We want everyone vaccinated and caught up with the CDC schedule by age of 2,’ said Dr. Thomas Connolly, a pediatrician with the Carithers Pediatric Group. Connolly said he strongly encourages all of his patients to get vaccinated. ‘It’s nothing personal against you as a person, I respect your decision that is your decision, but my medical decision and my background and my belief is I want the child vaccinated to maximize their defense,’ Connolly said. In other words, he wants to make sure you pump your child with known toxins so he can continue to make money.

This post was published at The Daily Sheeple on AUGUST 15, 2017.

Retail Sales Rebound In July – Biggest Jump Since Dec 2016 On Record Auto Incentives

After declining for two straight months, US Retail Sales in July rebounded dramatically to a 0.6% MoM gain – the most since Dec 2016 – driven a surge in motor vehicles (record incentives) and department stores (more inventives?). Year-over-year saw upward revisions and a rebound to a 4.2% rise in July.
The last two month’s declines in Retail Sales have been revised away magically and we have now gone 5 months without a decline…
Everything rose except clothing stores (-0.2%), electronics and appliance stores (-0.5%) and gasoline stations (-0.4%)

This post was published at Zero Hedge on Aug 15, 2017.

The Billionaire Bears Club

I don’t regularly watch CNBC, but last week while on vacation, I turned on the Sirius XM radio and was instantly assaulted with Jim Cramer’s shrieking. I was about to turn the channel when he shouted how the ‘billionaire bears’ might finally be catching a break with the stock market downdraft.
I have to give Cramer credit, that’s a good line to describe the growing cohort of negative investment legends. Wondering if Jim came up with it on his own, I googled it.
Aware of the burgeoning $1.99 Kindle romance section where some serious authors have created pseudo names to write under because the money is too good to pass up, I have never actually been exposed to these books. Until now…
Did Cramer come up with his description after reading Ursala Maya’s The Billionaire Bears Club? I had planned to quote the summary in this post, but even the summary’s innuendo might be pushing it.

This post was published at Zero Hedge on Aug 15, 2017.

Is this the Start of a Hot New Metals Bull Market?

Major U. S. indices slid for a second straight week as President Donald Trump and North Korea both escalated their saber-rattling, with Kim Jong-un explicitly targeting Guam, home to a number of American military bases, and Trump tweeting Friday that ‘Military solutions are now fully in place, locked and loaded.’ The S&P 500 Index fell 1.5 percent on Thursday, its largest one-day decline since May. Military stocks, however, were up, led by Raytheon, Lockheed Martin and Northrop Grumman.
As expected, the Fear Trade boosted gold on safe haven demand. The yellow metal finished the week just under $1,300, a level we haven’t seen since November 2016. Last week, Ray Dalio, founder of Bridgewater Associates, the largest hedge fund in the world, said it was time for investors to put between 5 and 10 percent of their portfolio in gold as a precaution against global and domestic geopolitical risks. The threat of nuclear war is at the top of everyone’s mind, but Dalio reminds us that our indecisive Congress could very well fail to agree on raising the debt ceiling next month, meaning a ‘good’ government shutdown, as Trump once put it, would follow.
Dalio’s not the only one recommending gold right now. Speaking to CNBC last week, commodities expert Dennis Gartman, editor and publisher of the widely-read Gartman Letter, said that he believed ‘gold is about to break out on the upside strongly’ in response to geopolitical risks and inflationary pressures. Gartman thinks investors should have between 10 and 15 percent of their portfolio in gold.

This post was published at GoldSeek on Tuesday, 15 August 2017.

Intel CEO Resigns From Trump Manufacturing Council Over “Divided Political Climate”

The CEOs on President Trump’s Manufacturing Council are dropping like flies as they realize, one by one, this weekend’s media mayhem surrounding Trump’s comments about the chaos in Charlotteville is the perfect excuse to detach from the Trump bandwagon.
Following Merck’s Ken Frazier and Under Armour’s Kevin Plank, Intel CEO Bryan Krzanich chose to resign his position by announcing it quietly on a blog post at 2230ET explaining that he is departing the manufacturing council in order to bring attention to the demise of US manufacturing…
In a blog post, Krzanich said that the decline in American manufacturing remains a serious issue, but said that “politics and political agendas have sidelined the important mission of rebuilding America’s manufacturing base.”
“I resigned to call attention to the serious harm our divided political climate is causing to critical issues, including the serious need to address the decline of American manufacturing,” Krzanich said in a blog post. “Politics and political agendas have sidelined the important mission of rebuilding America’s manufacturing base.”

This post was published at Zero Hedge on Aug 14, 2017.

Used Car Prices Crash To Lowest Level Since 2009 Amid Glut Of Off-Lease Supply

The U. S. auto market is at an interesting crossroads with used car prices crashing to new lows every month while new car prices continue to defy gravity courtesy of a somewhat ‘frothy’, if not suicidal, lending market that has seemingly decided that anyone with a pulse is financially qualified for a $0 down, 0% interest, 80 month loan on a brand new $40,000 luxury vehicle of their choice.
As the Labor Department’s consumer-price index data showed last Friday, used car prices once again dropped in July to the lowest level since the ‘great recession’ of 2009. In fact, since the end of 2015, the cost of used vehicles has dropped in all but three months and are now roughly 10% off their 2013 high.

This post was published at Zero Hedge on Aug 14, 2017.

Social Media Teaches Neo-Nazis – And Everyone Else – An Important Lesson

The white supremacists who descended on Charlottesville, VA last weekend seem to have forgotten why their grandpappies wore hoods on such occasions: If regular folks find out you’re crazy, they tend not to like you as much.
Combine those exposed neo-Nazi faces with ubiquitous smart phones and the result is the mass-outing of hundreds of people who apparently expected to eulogize Confederate icons and threaten minorities with impunity.
Some of the resulting press coverage:
White nationalists are being outed on Twitter – and one lost his job
(NY Post) – White nationalists who appeared at the deadly demonstrations in Charlottesville are being outed on social media – with at least one being fired from his job after his name and picture was posted online.
Cole White, of California, was axed from his restaurant position in Berkeley on Sunday just hours after being publicly identified by a Twitter account known as ‘Yes, You’re Racist.’
The page has been putting ‘Unite the Right’ protesters on blast following their violent, hate-fueled rallies in Charlottesville, Virginia, on Friday night and Saturday.

This post was published at DollarCollapse on AUGUST 15, 2017.

Diversify Into Gold Urges Dalio on Linkedin – ‘Militaristic Leaders Playing Chicken Risks Hellacious War’

– Don’t let ‘traditional biases’ stop you from diversifying into gold – Dalio on Linkedin
– ‘Risks are now rising and do not appear appropriately priced in’ warns founder of world’s largest hedge fund
– Geo-political risk from North Korea & ‘risk of hellacious war’
– Risk that U. S. debt ceiling not raised; technical US default
– Safe haven gold likely to benefit by more than dollar, treasuries
– Investors should allocate at least 5% to 10% of assets to gold
– ‘If you don’t have 5-10% of your assets in gold as a hedge, we’d suggest that you relook at this’
– ‘If you do have an excellent analysis of why you shouldn’t have such an allocation to gold, we’d appreciate you sharing it with us …’
by Ray Dalio via Linkedin
There are returns, and there are risks. We think of them individually, and then we combine them into a portfolio.
We think of returns and opportunities as coming from those things we’d bet on, and we think of risks as the adverse market consequences of us being wrong due to our being out of balance. We start with our balanced beta portfolio – i.e., that portfolio that would most certainly fund our intended uses of the money.

This post was published at Gold Core on August 15, 2017.