Election Time

By Jeff Thomas, International Man

"Anybody who wants the presidency so much that he'll spend two years organizing and campaigning for it is not to be trusted with the office." - David Broder

"If voting could actually change anything, it would be illegal." - Noam Chomsky

Generally, I tend not to comment on elections, as I consider them to be largely unimportant. That is, regardless of which candidate is elected, the actual outcome tends to be much the same. In most countries, the higher the office being contested, the less real difference there is between the candidates.

First, unlike, say, a beauty pageant, in which the voter may have up to fifty contestants to choose from (as in the US), the governments of the world do all that is in their power to limit the choices to two contestants. Second, the more sophisticated the electoral system, the more likely it is that the two candidates are quite similar in both their level of ability and their apparent sincerity in serving the public who elect them. Third, the more apparent an issue is in the eyes of the voters, the less likely it is that the candidates will actually offer a specific plan to solve it. Continue reading "Election Time"

October Frightfest: Failure to Break Concrete Ceiling Results in Pullback

HEALTHY CONSOLIDATION OR DEEPER CORRECTION AHEAD?

The month of October has not been kind to Gold & Silver Bulls as the markets have continued to breakdown, ending a lackluster week with an especially weak close.

The inability or failure to take out the Bears’ Concrete Ceilings of resistance at $1800 Gold and $35 Silver has weighed heavily on the Bulls as this consolidation is wringing out any excessive bullish sentiment from these heavy metals, hard currencies.

Let’s take a quick look at how far (and how fast) these markets have recently fallen off their most recent highs: Continue reading "October Frightfest: Failure to Break Concrete Ceiling Results in Pullback"

Daily Video Update: Earnings sink the markets and Spain gets downgraded AGAIN!

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 23rd of October.

It is as if the world just woke up from a fantasy dream and they are seeing the markets for the first time through reality glasses.

According to comments made this morning from the Head of the Bank of Israel, Stanley Fisher, the "world is close to recession". He just might be right.

You know what I am going to say next…

Using our Trade Triangle technology, not knowing what the head of the Bank of Israel was going to say this morning, you would have missed the current downdraft in the major markets today and yesterday. In fact, you would have been on the sidelines for the past two weeks! Taking a position on the sidelines, is a position in and of itself. With a sidelines position you are protecting your capital from uncertainty which is clearly the concern of many investors today. Continue reading "Daily Video Update: Earnings sink the markets and Spain gets downgraded AGAIN!"

Fed likely to send wait-and-see signal at meeting

Six weeks ago, the Federal Reserve unveiled its latest plan to invigorate the U.S. economy. This week, the Fed will likely send a simple message:

Give that plan time to work.

No major announcements are expected when the Fed's latest two-day policy meeting ends Wednesday. Instead, officials will likely affirm their plan to buy mortgage bonds as long as necessary to make home buying more affordable, keep short-term interest rates at record lows through mid-2015 and take other stimulative steps if hiring doesn't pick up.

Those policies are intended to support an economy that's shown flashes of strength but isn't growing fast enough to create many jobs or to increase Americans' income. The economy grew at a meager 1.3 percent annual rate in the April-June quarter. Continue reading "Fed likely to send wait-and-see signal at meeting"

Will an OPEC Nation’s Runaway Inflation Spark an Oil Bull Market?

By Marin Katusa, Casey Research

In the third century, greed got the best of Rome's emperors. As they spent through the silver in the treasury, one emperor after another reduced the amount of precious metal in each denarius until the coins contained almost no silver whatsoever.

It was the world's first experience with currency debasement and hyperinflation. As people saw the value of their savings evaporate, society grew angry and demanded a scapegoat. Christians became that scapegoat, and Romans turned on them with incredible violence.

This pattern – currency debasement leading to social upheaval and violence – would repeat many times over. Continue reading "Will an OPEC Nation’s Runaway Inflation Spark an Oil Bull Market?"