NZD/USD has reintegrated back into our channel, and we’re seeing a strong drop from here to the 0.6720 level. We can see that the stochastic has reacted off the 92% resistance and has also developed a bearish divergence, which adds stronger conviction of our drop from here. Our stop loss is at 0.7400, which is […]
AUD/NZD has triggered a strong bullish movement up towards the top of our channel again. It has crossed a key fibonacci retracement and fractal resistance at 1.0550 signalling a recovery is to come towards 1.1070. Our RSI (34) configuration also shows the RSI crossing above a descending resistance line and horizontal resistance at 44% giving […]
When the European market opens, some economic news will be released such as the German Monthly Report. The US will release economic data too such as TIC Long-Term Purchases and the NAHB Housing Market Index. So amid the reports, EUR/USD will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVELS: Breakout BUY […]
In Asia, today Japan will not release any economic data, but the US will release some economic data such as TIC Long-Term Purchases and the NAHB Housing Market Index. So there is a probability the USD/JPY will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVELS: Resistance. 3: 105.97. Resistance. 2: 105.76. […]
USDX is looking to trade higher during this week, as it’s attempting to break last week’s lows, and the next focus could be on the 97.74 level in a short-term view. If the Index manages to do a pullback at the current stage, then it can decline to the 95.89 level, where a breakout should […]
The bears are still in control of the Cable’s current trend on a short-term basis, as it has been trading below the 1.3200 level, and now we can see that support can be found at the 1.3148 level. However, our bullish outlook remains alive, as GBP/USD is still struggling very close to the 200 SMA […]
Silver is sending us an important warning. Yesterday, the price of silver closed at $20.30, its highest price since July 2014. Silver is now up 45% this year. That’s nearly eight times better than the S&P 500’s 5.9% return. And it’s almost double gold’s 25% gain this year. If you’ve been reading the Dispatch, you know silver is rallying for the same reason gold’s taken off. Investors are worried about the economy and financial system.
Like gold, silver is real money. It’s also a safe haven asset that investors buy when they’re nervous. Unlike gold, silver is an industrial metal. It goes into everything from batteries to solar panels. Because of this, it’s more sensitive to economic slowdowns. That’s why many folks think of silver as gold’s more volatile cousin.
Lately, silver has been acting more like a precious metal than an industrial metal. It’s soaring because the global economy is in serious trouble. Today, we’ll explain why silver is likely headed much higher. And we’ll show you the best way to profit from rising silver prices.
Silver has been in a bear market for the better part of the last five years..…
From April 2011 to December 2015, the price of silver plummeted 72%. This 56 month downturn was the longest silver bear market on record. As brutal as this bear market was, we knew it wouldn’t go on forever. That’s because silver, like other commodities, is cyclical. It experiences booms and busts. As you just saw, the losses in commodity bear markets can be huge. But the gains in commodity bull markets can be even bigger. During its 2008–2011 bull market, silver soared an incredible 441%. That’s why we watch commodities so closely. Every few years, they give you the chance to make huge gains in a short period of time.
On December 18, Casey Research founder Doug Casey said silver wouldn’t get much cheaper..…
Doug told Kitco, one of the world’s biggest precious metals retailers, that gold and silver were near a bottom:
My opinion is if it’s not the bottom, it’s close enough to the bottom. So, I have to be an aggressive buyer of both gold and silver at this point.
Doug’s call was dead on. Silver bottomed at $13.70 an ounce on December 17. That same day, gold bottomed at $1,051 an ounce. In other words, Doug was one day off from perfectly calling the bottom in gold and silver.
The price of silver has soared 49% since December..…
But it could head much higher in the coming years. Remember, silver soared 441% during its last bull market.
Silver is “cheap” too. It’s trading 58% below its 2011 high, even after this year’s monster rally. It’s also never been more important to own “real money.” That’s because it looks like the world is on the cusp of a major financial crisis. Doug explains:
Right now, we are exiting the eye of the giant financial hurricane that we entered in 2007, and we’re going into its trailing edge. It’s going to be much more severe, different, and longer lasting than what we saw in 2008 and 2009.
As longtime readers know, the last financial crisis caused the S&P 500 to plunge 57%. It sparked America’s worst economic downturn since the Great Depression. And it allowed the government to launch a series of radical “stimulus” measures, none which actually helped the economy.
BlackRock (BLK) sees tough times ahead too..…
BlackRock is the world’s biggest asset manager. It oversees $4.6 trillion. That’s more than the annual economic output of Japan, the world’s third biggest economy. BlackRock manages more money than Goldman Sachs (GS), JPMorgan Chase (JPM), and Bank of America (BAC). This makes it one of the world’s most important financial institutions…and one that probably understands the global economy better than almost any other company on the planet. Like us, BlackRock’s chief investment strategist, Richard Turnill, thinks the next few years could be very difficult. CNBC reported on Monday:
“This feels more and more like we’re in an environment of low returns and high volatility for some time,” Richard Turnill said on “Squawk Box.” “The period of political [Brexit] uncertainty ahead of us isn’t going to last for weeks or quarters, but potentially for years,” he said.
According to BlackRock, the “Brexit” made the global economy more unstable..…
If you’ve been reading the Dispatch, you know Great Britain voted to leave the European Union (EU) on June 23. The Brexit, as folks are calling it, shook financial markets from Tokyo to New York. It erased more than $3 trillion from the global stock market in two days.
Then, stocks started to rally. By this Tuesday, global stocks fully “recovered” from the Brexit bloodbath. The S&P 500 and Dow Jones Industrial Average even hit new all time highs this week.
Many investors took this as proof that the worst was over. We, on the other hand, reminded readers to not lose sight of the big picture. We explained that stocks were rallying because they’re the least bad place to put your money right now. We encouraged you to not “get sucked back into the stock market.”
Larry Fink doesn’t think U.S. stocks should be rallying either..…
Fink is the chairman and CEO of BlackRock. That makes him one of the most powerful people in the world.
Like us, Fink isn’t “buying” this stock rally. CNBC reported yesterday:
“I don’t think we have enough evidence to justify these levels in the equity market at this moment,” Fink said Thursday on CNBC’s “Squawk Box.”
According to Fink, stocks are rallying for the wrong reasons:
He said the recent rally has been supported by institutional investors covering shorts, or bets that stocks would fall, and not individual investors feeling bullish.
“Since Brexit, we’ve seen ETF flows almost at record levels … $18 billion of inflows,” Fink said. “However, in the mutual fund area, we’re continuing to see outflows.”
What that tells you is retail investors are pulling out, he said. “You’re seeing institutions who were short going into Brexit … all now rushing in to recalibrate their portfolios.”
In other words, this rally could fizzle out any day.
We recommend you invest with great caution right now..…
If you still own stocks, consider selling your weakest positions. Get rid of your most expensive stocks. Only hang on to companies that you know can make money in a long economic downturn. We also encourage you to own gold. As we said earlier, it’s real money. It’s preserved wealth for centuries because it possesses a unique set of attributes: It’s durable, easy to transport, and easily divisible. You can take a gold coin anywhere in the world and folks will instantly recognize its value.
We recommend most folks to hold 10% to 15% of their wealth in gold. Once you own enough gold, consider putting money into silver. It could deliver even bigger gains than gold in the years to come. To learn why, watch this short video presentation. It explains why the biggest threat to your wealth right now isn’t an economic recession, a stock market crash, or even a global banking crisis.
It’s something much bigger and far more dangerous. The good news is that you can protect yourself from this coming crisis. Watch this free video to learn how.
REMINDER: Our friends at Bonner & Partners are holding a special training series..…
If you’ve been reading the Dispatch, you know part of our job is to share exciting opportunities with you when we hear about them. Today, we invite you to take part in a special training series hosted by Jeff Brown, editor of Exponential Tech Investor.
If you haven’t heard of Jeff, he’s an aerospace engineer, tech insider, and angel investor. His advisory, Exponential Tech Investor, focuses on young technology companies with big upside. For example, Jeff recommended an IT security company in October that’s already up 72%. Another one of Jeff’s picks has jumped 38% since February. And one is up 178% in less than a month.
In Jeff’s training series, he reveals his secret to making money in technology stocks. He also talks about a HUGE opportunity taking shape in the technology space. Click here to sign up for Jeff’s training series.
It’s 100% free and will take up less than 15 minutes of your time. Click here to register.
Silver stocks just hit a new three year high. Today’s chart shows the performance of iShares MSCI Global Silver Miners ETF (SLVP), which tracks large silver miners. As regular readers know, silver stocks are leveraged to the price of silver. It doesn’t take a big jump by silver for them to skyrocket. This year, silver’s 45% jump caused SLVP to soar 171%. It’s now trading at its highest level since April 2013.
If you think gold and silver are headed much higher like we do, you could put some of your money into gold and silver stocks. According to Doug Casey, these stocks could enter a “super bubble” in the coming years. Keep in mind, these are some of the most volatile stocks on the planet. Many gold and silver stocks can swing 5% or more in a day. If you can stomach that kind of volatility, you could see huge returns in gold and silver stocks over the next few years.
The article Why This Stock Rally Won’t Last…And What You Need to Do With Your Money Today was originally published at caseyresearch.com.
Get our latest FREE eBook “Understanding Options”….Just Click Here! 
Overview The gold price found a good intraday support base at 1,320.00 and showed some slight bullish bias affected by Stochastic’s positivity, which gradually loses its bullish momentum heading towards the overbought areas. The EMA50 keeps on placing the intraday trading under negative pressure. Therefore, these factors boosts our expectations for the bearish trend in […]
Since our previous analysis, gold has been trading downwards. The price tested the level of $1,336.58 in a high volume. According to the 30M time frame, I found that sellers lost their power and that we may see a change in trend dynamic. Today I found that support at the price of $1,327.50-$1,330.00 held successfully. […]
Recently, EUR/NZD has been moving upwards. As I expected, the price tested the level of 1.5569 in a high volume. Both my targets from yesterday were reached. There is strong upward momentum on the market. The price went very strong out of a 4-day base and I found a higher value area. I am expecting […]
On May 16, a bullish pullback towards 1.3000 (61.8% Fibonacci level) was expected to offer a valid signal to sell the USD/CAD pair. However, a lack of significant bearish rejection was manifested during recent consolidations. On May 18, temporary bullish fixation above 1.3000 (61.8% Fibonacci level) opened the way towards the 1.3180 level where significant […]
Gold made a new low at $1,320 yesterday and is making a small bounce since then towards $1,340. The trend remains bearish as the price is making lower lows and lower highs. Only a break above $1,350 could give hope to bulls for a new high closer or above $1,400. Blue lines – bullish short-term […]
Global macro overview for 15/07/2016: Real GDP data from China has surprised global investors as the published figures were better than expected. The second-quarter economic growth increased from 1.2% q/q to 1.8% q/q, 0.2% more than expected. Moreover, on the yearly basis, the Chinese GDP stayed at 6.7% level despite the expected slight decrease to […]
General overview for 15/07/2016: The bearish divergence between the price and momentum oscillator at the top of wave iii and wave v is getting more visible now, and a corrective cycle to the downside is expected. A breakout below the intraday support at the level of 116.42 is needed to confirm the bearish intraday wave […]
General overview for 15/07/2016: The bottom for the wave iii or c has now been established, and further upward price action is anticipated now. Please notice that any breakout above the intraday resistance at the level of 1.2979 will invalidate the impulsive count and make the corrective cycle more complex and time-consuming. A breakout above […]
USD/JPY is expected to continue its upside movement. The pair remains in a consolidation phase, which started after the price reached a day-high of 105.93 yesterday. Currently, it is seeking support from the ascending 50-period (30-minute chart) moving average. The intraday relative strength index is below the neutrality level of 50, indicating that the consolidation […]
USD/CHF is expected to trade with a bearish bias as key resistance lies at 0.9825. On Thursday, the New Zealand dollar continued to exhibit weakness, plunging 1.1% to 0.7192 against the US dollar. The pair failed to break above the key resistance at 0.9825 and remains weak below the threshold. Meanwhile, the declining 50-period moving […]
NZD/USD is under pressure and is expected to extend losses. The pair recorded a succession of lower tops and lower bottoms since July 13 and is heading downward. The declining 20-period and 50-period moving averages are playing resistance roles and maintain the downside bias. Besides, the relative strength index broke below its 30 level. To […]
GBP/JPY is expected to extend its upside movement. The pair broke above its 20-period and 50-period moving averages and accelerated on the upside. The upward momentum is further reinforced by the rising 50-period moving average, which acts as support and maintains the upside bias. Besides, the relative strength index is bullish above its neutrality area […]
When the European market opens, some economic news will be released such as the Trade Balance, Final Core CPI y/y, Final CPI y/y, and Italian Trade Balance. The US will release economic data too such as the Prelim UoM Inflation Expectations, Business Inventories m/m, Prelim UoM Consumer Sentiment, Industrial Production m/m, Capacity Utilization Rate, Empire […]
EUR/USD: This currency trading instrument has gone only flat so far, and nothing has yet changed, while other major pairs are now in a trending mode. The price would either go above the resistance line at 1.1200 or go below the support line at 1.1000. A breakout to the upside is more likely because the […]
Despite positive US data released yesterday, USDX is currently trading with a bearish bias below the 200 SMA on the H1 chart and remains supported by the 95.89 level, where a rebound can happen. However, a breakout below that zone could push the Index lower to the 95.20 level first. In a different scenario, a […]
On the H1 chart, GBP/USD had a bullish reaction after the BoE decided to leave its interest rates unchanged, and now it’s doing a retracement from the 1.3475 level towards the 1.3300 psychological zone. That’s why we would like to see a bullish continuation, as the 200 SMA still provides dynamic support for the pair. […]
Historical performance and chart data for RANDGOLD RESOURCES delayed between 1 hour and End of Day depending on market
New mining after redevelopment shall start in Q1-2017 with a profitable annual production of 75,000 ounces gold at cash cost of 759 USD/ounce gold and an IRR of 41.5%, Jochen Staiger, CEO & Founder, Swiss Resource Capital AG. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#188151 Смотрите […]
Overview The gold price resumed its negative trading after testing the EMA50 this morning and headed towards our main awaited target at 1,303.58 – 1,297.75 levels. The current dynamic is supported by stochastic negativity that appears clearly on the four-hour time frame. It is important to monitor price behavior when reaching the targeted levels. A […]
Good news from the mining world including Brazil Resources with a new resource estimate for the their Alaska properties and Endeavour Silver buying their 4th production site El Compas from Oro Silver Resources, Jochen Staiger, CEO & Founder, Swiss Resource Capital AG. You can view this video and the full video archive on the Dukascopy […]
Since our previous analysis, gold has been trading downwards. The price tested the level of $1,324.45 in a high volume. According to the 30M time frame, I found that sellers are in control and that buying looks risky. The price is below the 21SMA and I found no demand bars, which is a sign that […]
Gold bounced towards short-term resistance of $1,350 yesterday as we expected and is turning back down towards its recent lows. The trend is bearish for the short term, and this pullback could extend much lower. Blue lines -bullish channel The price has broken below the 4-hour Kumo confirming a bearish short-term trend. The price remains […]
USD/JPY is expected to extend its upside movement as the bias remain bullish above 103.60. Although the pair has yet to break above the immediate resistance at 106.10, it keeps trading above the key support at 103.60. Currently, the intraday technical configuration is a bit negative – the pair has submerged below the 20-period (30-minute […]
