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Energy & Commodities

Strength in Mining Stocks and Its Implications


Posted by Przemyslaw Radomski - Sunshine Profits Profits

on Wednesday, 21 June 2017 06:35

Yesterday’s session was not like the previous ones – in the previous days, the precious metals sector moved lower together and mining stocks were leading the way. Yesterday, gold and silver declined, but miners were barely affected. Does this strength indicate a likely turnaround?

Miner’s Outperformance

In short, that’s not likely. Miners had a very good reason to rally. The general stock market soared yesterday and mining stocks, being stocks themselves were positively affected by this development. This is something that happens quite often, but let’s keep in mind that this effect is usually temporary. Ultimately, the gold stocks’ profits depend on the price of gold and thus this is the key driver of the miners’ prices. Let’s see exactly how much the mentioned markets moved (chart courtesy of http://stockcharts.com).

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The GDX ETF was down by 13 cents which is next to nothing. The volume was rather average and the entire session was yet another day of a post-decline pause.



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Gold & Precious Metals

The ONLY Gold Chart You Need


Posted by Greg Guenthner

on Wednesday, 21 June 2017 06:24

  • This indicator says gold is about to kick off a major buying opportunity
  • Simple chart pattern that holds the key to making money in metals
  • Plus: The next trade triggers Thursday…

If you're thinking about buying gold, pay close attention...

A major buying opportunity is about to ignite in everyone's favorite precious metal.

But you won't uncover this buy signal by visiting mines, studying gold production, or watching CNBC. In fact, I couldn’t even see it with my naked eye. I needed a sophisticated computer program to alert you to this hidden opportunity.

It was our in-house “quant” Jonas Elmerraji who spotted it thanks to the proprietary indicator he has spent the last five years coding.

And the window is about to kick off this week.

The signal Jonas has pinpointed is highly reliable. It's made investors money almost 80% of the time over the last 12 years. His system has nailed the price action in gold this year. And that's not the result of some hypothetical back test, either. In fact, Jonas shared his research on gold with you back in March…

Have a look at an indicator called the Kinetic Composite for GLD, the popular SPDR Gold ETF (NYSE:GLD):

GLDKineticAnnotations

You can think of the Kinetic Composite chart above as a sort of "idealized" price chart for GLD. Jonas' algorithm crunches decades of price data and mutates it into the chart above. It shows you when a stock is predisposed to rally… up to a year in advance.

You can see how the Kinetic Composite signaled a rally at the start of the year, followed by a volatile sideways period, and then another rally kicking off this summer.

Here's how GLD's price has played out in the months since:



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Timing & trends

The Middle East Is Blowing Up


Posted by John Rubino - DollarCollapse.com

on Tuesday, 20 June 2017 07:42

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Every day brings another scary headline from the Middle East — which makes it easy to treat them as background noise rather than a clear and present danger. But the latest batch is reminiscent of the Balkans circa 1914, which means it may be time to tune back in. Some examples: 

A US Navy jet shot down a Syrian warplane. Syria is a Russian client state, so this puts the US and Russia on opposite sides in a shooting war. 

Russia warned the US that it takes the destruction of its client’s military assets seriously.It suspended the hot line Washington and Moscow have used to avoid collisions in Syrian airspace and threatened to target US aircraft.



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Currency

Why Bitcoin Refuses to Die


Posted by Bill Bonner - Diary of a Rogue Economiste Economist

on Tuesday, 20 June 2017 07:32

nintchdbpict000306226097Editor’s Note: The mainstream media says cryptocurrencies like bitcoin are only a fad. But Teeka Tiwari, the editor over at The Palm Beach Letter, shows us why “cryptos” are unstoppable.


On June 20, 2011, Forbes wrote “So, That’s the End of Bitcoin Then.”

On January 16, 2015, USA Today wrote “Bitcoin Is Headed to the ‘Ash Heap.’”

On May 5, 2017, The Daily Reckoning wrote “The Death of Bitcoin.”

Since 2011, bitcoin’s been declared dead at least 135 times.

Newsletter writers, journalists, and academics have called it a “Ponzi scheme.”

Others like the idea in theory but have doubts. They are convinced the government will shut down bitcoin and render it worthless.

If it were 2013, I would have agreed with them.

From 2009–13, bitcoin rallied from a fraction of a penny to over $1,100… and then spectacularly crashed 85% to $185.

It looked like a classic “pump and dump” to me. That’s why I ignored it.

But then something very interesting happened.



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Real Estate

Is the Housing Rally Over?


Posted by Dash of Insight

on Tuesday, 20 June 2017 07:28

With soft housing data last week and higher interest rates expected, it is a good time to ask:

Is the housing rally over?

Last Week Recap

The big economic news last week was the Fed policy decision and guidance. Friday’s announcement of the Amazon purchase of Whole Foods grabbed the headlines. Attorney General Sessions’ Senate Testimony got the gavel-to-gavel treatment.

Our question from last week – a possible change in market leadership – did attract some discussion. Friday’s grocery news is still being digested, but the sector shifts were pronounced.

The Story in One Chart

I always start my personal review of the week by looking at this great chart from Doug Short via Jill Mislinski. Despite the mid-week Fed announcement, the result for the week was barely changed.

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....continue reading HERE

 



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