by Lance Roberts
Street Talk Live
Earlier this week I posted two pieces of analysis with respect to the recent dive in the markets. The first discussed the possibility that this is just a correction within an ongoing bull market. The second delved into the possibility that a new cyclical bear market has begun. Only time will tell which is truly the case.
However, in ALL cases, the initial decline led to a subsequent bounce and ultimately retested previous lows. As shown in the chart below, this was the case in 2010 and 2011 which were ultimately followed by Federal Reserve interventions that helped the bull market regain its footing.
Continue Reading at StreetTalkLive.com…
from Jesse’s Café Américain
There were a little over 73 tonnes of physical gold withdrawn from the Shanghai Gold Exchange in the latest week ending August 21st.
This is the 4th largest withdrawal of bullion in its history.
It is hard to tell what exactly is going on in such a dodgy, highly leveraged market, with its determined attempts to keep the price knocked lower so often during the late London to NY trading hours.
But I am sensing a change in the market, and more things running under the surface than meets the eye.
Continue Reading at JessesCrossroadsCafe.Blogspot.ca…
from King World News
Today the man who has become legendary for his predictions on QE, historic moves in currencies, and major global events warned King World News about the $28 trillion problem and why the global crash can’t be stopped.
Egon von Greyerz: “Eric, markets are doing exactly what they need to do to cause the maximum amount of pain for investors and speculators. From its peak at the end of May, the Dow fell 1,000 points until mid-August. Then it fell another 2,000 points in 3 trading days…
Continue Reading at KingWorldNews.com…
Critical intelligence before the U.S. market opens
by Shawn Langlois
This isn’t your typical lazy summer Friday. Good luck to the traders with the huevos to hold long positions over the weekend. In their favor, a surprisingly strong GDP report, a sharp rebound in equities, and the biggest bounce in crude in years. These have all helped to clear some of the dark clouds.
As for today, It’s hard to imagine ending this week in the black, considering where the Dow started on Monday morning. It could happen, though futures are looking pretty sickly at the moment. This market is as volatile as it’s ever been, so the tone can shift in a heartbeat.
These are confusing times for just about anybody laying bets on the market. What we get out of Jackson Hole this weekend might go a long way in clearing up at least some of it. While everybody wants to know when the rate hikes will hit, there’s a contingent out there calling for another round of easing. One analyst says it’ll pave the way to Dow 25,000 (see “the call” below).
Continue Reading at MarketWatch.com…
by Karl Denninger
This nation is out of its collective mind.
The spotlight and the magnifying glass have been on tech companies’ dismal diversity numbers for the past year.
Hiring diverse candidates shouldn’t have to be a struggle. Yet, the latest numbers from companies like Facebook and Intel show that the needle is barely moving.
As a result, there’s a new position in fashion within tech company c-suites: say hello to the head of diversity.
Who gives a crap about diversity. Hiring is about exactly one thing — finding the best candidate for the job.
Continue Reading at Market-Ticker.org…
by Pater Tenebrarum
The Original Non-PC Politician
Godfrey Bloom was UKIP’s party whip for a long time, and for many years served as a member of the European parliament for UKIP. Ironically, although the party has solid electoral support in the UK, it has yet to make an inroad into Westminster due to the “first past the post” electoral system. It has always had a much greater representation in Strasbourg – at an institution it would prefer to abolish.
[...] Similar to UKIP boss Nigel Farage, Bloom has always been quite outspoken. If you think Donald Trump is non-PC, you probably haven’t heard Bloom yet. He is an anti-politician in a way – in fact, he doesn’t believe “politician” should even be a job, and we can only agree wholeheartedly.
Continue Reading at Acting-Man.com…