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Gold & Precious Metals

Precious Metals Bull Candlesticks


Posted by Morris Hubbartt - Super Force Signals

on Friday, 11 August 2017 07:15

Here are today's videos and charts (double click to enlarge):
 

SFS Key Charts & Video Update



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Timing & trends

“What, Me Worry?” Markets


Posted by Gary Christenson - The Deviant Investor Deviant Investor

on Friday, 11 August 2017 07:03

Mad Magazine introduced Alfred E. Neuman (What, Me Worry?) in the 1950s. He did NOT become a central banker. That is “fake news.”

I-alfred-e-neuman

Global central banks, including the Federal Reserve, created “What, Me Worry?” markets after the 2008 crash.  There has been little worry since the November election, until now. But the market worry level may have increased.  Changes between highs and lows in two days – until time of this writing:

Date                       Aug. 8                   Aug. 10

DOW                     22,179                  21,920

Gold                      1251.6                  1287.2

Consider the 50+ year chart of the Dow Jones Industrial Average.

I-Dow-600x420

Black line:  Nice move up.

Green Line:  Acceleration out of the nasty 2008 crash

Red line:  What, me worry? (Too far, too fast!)



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Personal Finance

How Much Gold Should the Common Man Own?


Posted by Mike "Mish" Shedlock - Global Economic Trend AnalysisEconomic Trend Analysis

on Friday, 11 August 2017 06:44

Earlier today, I had the pleasure of discussing gold, equity valuations, bond bubbles, and inflation with Greg Hunter at USA Watchdog.

In the interview, I mentioned the nearly “everything bubble” and stated a belief that gold was one thing that was not in a bubble.

Following the interview, Hunter asked me to put my thoughts on gold and the “nearly” everything bubble in writing. Specifically, Hunter asked: “How Much Gold Should the Common Man Own?”

My answer follows. First, please consider my USA Watchdog interview: The Everything Bubble – Mike “Mish” Shedlock

How Much Gold?

There is no one correct percentage, but this rule applies: If you have trouble sleeping at night or are constantly worried about the price, then you likely have too much. If you are worried about a price drop of a few hundred dollars, or the equivalent percent in stock or bonds, you probably should not be investing in anything.

It’s curious that people are worried about gold but not the obvious bubbles that surround them. Media contributes to the ignorance by demonizing gold while praising bubbles.

It should be clear to any rational thinker that the Fed (central banks in general) blew amazing asset bubbles in equities and junk bonds in their response to the “Great Recession”. In their misguided quest to produce inflation, which they do not even know how to measure, central banks even re-blew the housing bubble.

In general, 10% to 25% in physical gold and silver seems like a reasonable amount. At major lows, miners offer tremendous opportunities. They were practically giving away miners in late 2015 and early 2016.

Outside of precious metals and miners, good investment opportunities are scarce. High cash allocations are likely to be wise. To be fair, I have been saying this for several years. This only proves that bubbles can always get bigger, until they don’t.

By Mike Shedlock



Stocks & Equities

The Divergences Are Now Appearing!


Posted by Chris Vermeulen - The Gold & Oil Guy

on Friday, 11 August 2017 06:38

The loss, of the leadership of the banking and financial sector, BKX ETF:( http://etfdb.com/index/kbw-bank-index/), is now a major warning signal which is what is required in order to move the SPX much HIGHER, at this time!  

bank1

The divergence which is currently being seen between the Dow Industrials and Dow Transportation indexes will be coming into play in the upcoming weeks.



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Timing & trends

Todd Market Forecast: Two Indicators Mark a Trading Bottom


Posted by Stephen Todd - Todd Market Forecast

on Thursday, 10 August 2017 21:39

3:00pm Pacific for Thursday August 10, 2017 

DOW - 218 on 2200 net declines

NASDAQ COMP - 135 on 1700 net declines

SHORT TERM TREND Bullish

INTERMEDIATE TERM Bullish

STOCKS: What we have seen over the past couple of days is a typical market phenomenon. An overbought market just keeps inching up. It refuses to go down for more than a few hours, driving traders, who want a pullback, to distraction.

Then one day a bearish news event happens. Some call it a "black swan" and the bottom falls out. We're down sharply for a day or three and then we hit bottom.

It wasn't just the N. Korean situation, but also the intraparty tiff between the President and Congress.

I think that this is what is going on here. Of course, seasonality remains a concern

GOLD: Gold was up another $12. The move to safety is clearly the catalyst.

CHART Five day RSI is again oversold and the VIX (volatility index) is above 15. Lately, both levels have marked a trading bottom.

Screen Shot 2017-08-10 at 9.02.31 PM

BOTTOM LINE:  (Trading)

Our intermediate term system is on a buy.



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