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Gold & Precious Metals

Gold Bulls Have Slight Technical Edge


Posted by Morris Hubbartt - Super Force Signals

on Friday, 13 October 2017 06:26

Today's videos and charts (double click to enlarge):

SFS Key Charts & Video Update

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Stocks & Equities

What If AMZN Is Getting Second Wind?


Posted by Rick Ackerman - Rick's Picks

on Friday, 13 October 2017 05:55

AMZN-rally-was-strongly-impulsive

Today’s bullish surge was strongly impulsive on the hourly chart (see inset), surpassing no fewer than four prior peaks, three of them ‘external’. From a technical standpoint it transformed a bearish head-and-shoulders formation that has been taking shape since May into something else — presumably a consolidation pattern with enough energy to push the stock above the all-time high at 1083.31 recorded in late July. We shall soon see.

Of course, if the bull market in AMZN is about to get second wind, it holds bullish implications for the stock market as a whole, since the company is the most important retailer in the world.  Concerning AMZN’s chart, from a trading perspective the rally from the September low at 931.75 was as appealing a ‘counterintuitive’ set-up as we could have imagined, since the low was just inches from June’s watershed bottom at 927.00. I

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Stocks & Equities

Can A Company Be Great And A Great Short


Posted by John Rubino - DollarCollapse.com

on Thursday, 12 October 2017 06:55

One of the fascinating things about financial bubbles is how they transform great companies into screaming short sale candidates. Put another way, bear markets tend to throw even the prettiest babies out with the bathwater. 

Here, for instance, is what happened to Cisco Systems, the dominant maker of networking gear (the devices that run the Internet) when the 1990s tech stock bubble burst, bankrupting many of its customers and causing its earnings to miss expectations. Its stock fell by more than three-fourths and those who had bought it during the previous year’s euphoria got hosed.

Cisco recovered, as great companies do, and continues to lead its part of the tech world. Current market cap: $160 billion. 

 

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Gold & Precious Metals

Germans Have Quietly Become the World’s Biggest Buyers of Gold


Posted by Frank Holmes - US Global Investors

on Thursday, 12 October 2017 06:51

germans-biggest-buyers-gold-10-2017When I talk about Indians’ well-known affinity for gold, I tend to focus on Diwali and the wedding season late in the year. Giving gifts of beautiful gold jewelry during these festivals is considered auspicious in India, and historically we’ve been able to count on prices being supported by increased demand.

Another holiday that triggers gold’s Love Trade is Dussehra, which fell on September 30 this year. Thanks to Dussehra, India’s gold imports rose an incredible 31 percent in September compared to the same month last year, according to GFMS data. The country brought in 48 metric tons, equivalent to $2 billion at today’s prices.

As I’ve shared with you many times before, Indians have long valued gold not only for its beauty and durability but also as financial security. Indian households have the largest private gold holdings in the world, standing at an estimated 24,000 metric tons. That figure surpasses the combined official gold reserves of the United States, Germany, Italy, France, China and Russia.

A New Global Leader in Gold Investing?



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Bonds & Interest Rates

Hotel California and the Federal Reserve


Posted by Gary Christenson - The Deviant Investor

on Thursday, 12 October 2017 06:46

hotel-californiaIn 1977 the Eagles spoke to us about “Hotel California.” Lyrics are here.

A few lines from the song …

“On a dark desert highway, cool wind in my hair…

Up ahead in the distance I saw a shimmering light…

Then I was thinking to myself this could be Heaven or this could be Hell

Welcome to the Hotel California

Some dance to remember, some dance to forget

They’re living it up at the Hotel California

We are all just prisoners here of our own device

Relax, said the night man, We are programmed to receive,

You can check out any time you like but you can never leave.”

The lines have been rewritten to fit the Federal Reserve – the hypothetical “Hotel Marriner Eccles:”



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