Trade with Winners Trade smarter with deluxe set of tools --> tinyurl/qh8mxc7 Gold Daily Report ~ August 19, 2014 Trend Long Term ~ Bearish- Need a monthly close above 1800 to confirm the bull market final phase underway. Medium Term ~ Neutral– The failure on gold’s part to close July above 1290 keeps the medium term trend in neutral instead of bullish. This is the 4th monthly miss in the last 5 where price was above the moving averages going into the final 5 days of the month. That we are holding 1280 is good. Let’s see if it continues. Intermediate Term~ Neutral– Stuck in a trading range of 1280-1340 Short Ter BEARISH- We keep failing at 1322. Initial Resistance 1306-1316 2nd tier 1322-1322 Initial Support 1288-1298 2nd tier 1265-1272 Although I’ve not posted “any”news on the riots in USA in Ferguson, Missouri – make no mistake – this is the next phase of the “CYCLES OF WAR” THAT ARE UNDERWAY ON A GLOBAL LEVEL. Part of the cycle is it (FOR THE MOST PART) begins with “CIVIL UNREST” There are quite a few hot spots globally as the government corruption and the fall of purchasing power and the transformation of a total “police state” as well as the ending (for the most part) of the rule of law. We have gone from someone having to prove you guilty of a crime to now having YOU PROVE YOURSELF innocent. The elimination of the rule of law (and the constitution as we know it) is part of the cycle also that leads to civil unrest. As the government confiscates more and more of your wealth and clamps down on international reporting (with total participation from the G20) the tension is going to escalate. The real reason is not protection---it is to confiscate every penny they can. It is causing banks to pretty much not do business with any American. The only ones that can even transfer money without a full investigation is the multinational companies. When your transfer money----even small amounts---it is up to YOU to have to prove where it came from . International banks have been fined many billions in fines ( I think it’s a quarter of a trillion dollars total just by the USA) and banks are literally just ceasing to bother doing business with anyone in USA except the multi-nationals. And the reason is simple----if individuals are doing things illegal, the USA has decided that the banks are just as responsible for the action and they get fined HEAVY PENALTIES. They just don’t want to bother with it anymore. THIS IS CAUSING A MASSIVE SLOWDOWN IN BUSINESS AND COMMERCE AND IS ONE OF THE MAIN COMPONENTS IN BRINGING THE GLOBAL ECONOMY DOWN. It certainly isn’t the only reason but ENOUGH that its going to play a large part in our historic outcome. In the past when recessions kicked in, the Fed would pump up the money supply, cut taxes to business that would make it advantageous to implement future plans when such cuts are offered. In summary, “the cycles of war” is underway and will not peak till around 2020. The other part is war itself and that also is escalating and spreading quickly. The world as we know it is going to change radically and odds favor a massive sovereign debt default is going to take place as it did in 1931 in Europe. Nasdaq Surges Back To March 2000 Highs Submitted by Tyler Durden on 08/18/2014 - The lack of World War 3 this weekend was the perfect catalyst for buying stocks back up towards record highs... because Putin must have folded, right? Oil prices slipped, with WTI briefly back under $96, which lifted Trannies 1.75% on the day (best performer) but the Nasdaqs break of cycle highs (to March 2000 highs) is the big news for bubble-watchers (though its different this time remember). VIX broke back below 13 to almost a 4-week low close. Treasuries were weak all day especially after Europe closed with the long-end underperforming (30Y +6.5bps) - 3rd worst day of yeasr for 30Y - with yields rising back to Russian convoy destroyed headline levels. Gold dropped back under $1300 as silver rallied 0.5%. S&P futures volumes were 40% below average as AAPL flash-crashes but has almost round-tripped to 2012 highs. Confused How To Trade Jackson Hole? Goldman Explains Because when in doubt, just listen to Goldman and do the opposite. With opinions mixed as to whether or not Jackson Hole will be the forum for Yellen to say something new, many are trying to figure out if it is a buy the rumor and then buy more after the fact event, a buy the rumor sell the fact event, or a do nothing with the rumors and then buy the fact if the USD is actually rallying after the fact event. A Brief History Of US Money Submitted by Tyler Durden on 08/18/2014 21:31 Submitted by Chris Martenson via Peak Prosperity Looking at the past 100 years of the US dollars history, one theme becomes abundantly clear: in times of crisis, the US government has no issue with changing its own rules or breaking its own laws. And those temporary emergency measures have a nasty habit of quickly becoming permanent. Among the more notable milestones of the past century, the Federal Reserve was created (and soon after took possession of most of the nations gold reserves), the Bretton Woods agreement made the US dollar the worlds reserve currency granting it extraordinary advantage (which America quickly began abusing, continuing to do so up to today), and Richard Nixon ended the currencys convertibility into gold. Nixons turning the dollar into something backed only by the full faith and credit of the US government ushered in a new era for our country. The fiat dollar we use today for trade and investment is really only an experiment a little more than 4 decades old. We dont have a national experience to draw from in knowing how well it will work over time. But as we see the US money supply exponentially accelerating since the 1970s, and the Federal Reserve more than tripling its balance sheet since 2008, its only prudent to ask the question: (HOW LONG CAN THIS GO ON?) Bulgaria Halts South Stream Pipeline Again As NATO F-15s, Troops Arrive Submitted by Tyler Durden on 08/18/2014 - 18:29 As we detailed previously, Bulgaria had been an enthusiastic supporter of the Russian-backed South Stream gas pipeline project, whose construction has stoked tensions between the West and Moscow as it enabled gas supply to bypass troubled Ukraine (thus squeezing the desparate economy back into Russias hands). In early June, Bulgarias Prime Minister Plamen Oresharski ordered an initial halt (after Europe offered the nations suddenly collapsing banking system a lifeline). This time, Energy Minister Vasil Shtonov has ordered Bulgaria’s Energy Holding to halt any actions in regards of the project as it does not meet the requirements of the European Commission. Of course, we assume this decision (to halt a 2nd time) is entirely independent of NATOs deployment of 12 F-15s and 180 troops to Bulgarias Graf Ignatievo Air Base. California Now Suffering Worst Drought Ever, 2014 Hottest Year On Record Submitted by Tyler Durden on 08/18/2014 - 18:01 While most headlines are focused on the devastating drought in California, which by some measures is the worst on record, there is another factor that has exploded to record highs - the heat. As Bloomberg reports, the California heat this year is like nothing ever seen, with records that go back to 1895 and with 70 percent of the state’s pastures rated “very poor to poor,” according to the USDA, things do not appear to be about to get better any time soon as The International Panel on Climate Change warns this hot weather is becoming simply weather. Disinformation War Escalates: Ukraine, Rebels Accuse Each Other Of Attacking Refugee Convoy Submitted by Tyler Durden on 08/18/2014 Eager to move on from Fridays disinformation fiasco, Ukrainian military spokesmen said the bus convoy had been in an area of fierce fighting between government forces and the separatists. As Reuters reports, it had come under fire from rebel Grad and mortar launchers, they said, causing an unknown number of casualties. And in keeping with the endless flow of BS emanating from east Ukraine, where civilians are merely collateral damage to an epic information war, and just to confuse everyone if not the algos which today are stricly in de-escalation mode, the separatists promptly accused Ukraine of the attack, when a rebel leader denied his forces had the military capability to conduct such an attack, and accused Kiev forces of regularly attacking the area and also using Russian-made Grad missiles Chinese Troops Invade 25Km Into India, This Is Chinese Territory, Go Back Submitted by Tyler Durden on 08/18/2014 - 10:36 Fifteen months ago we reported Chinas stealth invasion of Indias Ladakh region, and now, as PTI reports, Chinese troops are reported to have entered deep into Indian territory in Burtse area in Ladakh where they had pitched their tents last year. Indian troops spotted Chinese personnel 25 to 30 km from the perceived Line of Actual Control (LAC). PLA personnel carried flags reading this is Chinese territory, go back in their hands and they refused to move after being confronted by Indias quick response team.. Hourly gold chart The uptrend channel in gold is failing and while we are still testing the weekly support at 1294-1304, gold looks like it’s setting up to move lower. Support is 1278-1282 and 1265-1272. Last week’s failure at 1322 and now the inability to hold the channel suggests the bears are about to take over.
Posted on: Tue, 19 Aug 2014 06:45:23 +0000
Trending Topics
Recently Viewed Topics
© 2015