Energy & Commodities

High Oil Prices Are Here To Stay – Here’s How To Profit

Posted by INO Traders Blog

on Tuesday, 10 June 2014 16:26

American oil production is surging. Yet oil prices remain near $100 a barrel. You may be wondering: When will all of this additional production finally overtake demand and push the price of oil down? You can find one answer in the price of oil futures — which say we can expect oil to fall to closer to $80 in the coming few years and stay there.

382ca WTI future chart

….read more HERE

Talking Bubbles & Bargains With Jim Grant

Posted by JIm Grant via Forbes Magazine

on Tuesday, 10 June 2014 15:29

imagesJames (Jim) Grant, founder and publisher of Grant’s Interest Rate Observer newsletter, sat down with Forbes Magazine and talked about Central Bank moves, history as well as some individual opportunities – Editor Money Talks

Listen to the video or read the transcript HERE

Russell: Long Descending Silver Trendline Breach @ $19.25

Posted by Richard Russell via King World News

on Tuesday, 10 June 2014 14:35

Richard Russell – More US Propaganda As The Public Goes Broke

On the heels of continued U.S. propaganda, today King World News is publishing comments from a 60-year market veteran.  At nearly 90 years old, the Godfather of newsletter writers, Richard Russell, notes that while the mainstream media propaganda continues, the public is literally going broke because of soaring inflation.

Russell: “Well, it should be clear sailing ahead for the markets. How do I know? Easy, I read it in the newspapers. Today’s WSJ headline in big black letters, “Clear Skies for US Shares.” 

And today’s USA Today (page b-1) gives “Five Reasons Why The Stock Market Is Growing Again”:

  1. The momentum stock sell-off didn’t spread to the blue chips. 
  2. The frozen economy did thaw out, as hoped. 
  3. The world’s bankers did their part.
  4. The Ukraine crisis didn’t spiral out of control.
  5. The bearish warnings didn’t come to fruition. 

Russell asks: But wait, what about the collapsing real estate in China? And what about Fed tapering that’s supposed to end in October?

I can’t wait to look at silver and gold. The long descending trendline on silver below will be breached if silver climbs to 19.25.

KWN Russell I 6-10-2014

….read more HERE

10 things not to buy in 2014

Posted by AnnaMaria Andriotis - MarketWatch

on Tuesday, 10 June 2014 12:45

MW-BM174 pf rem 20130930173944 MGDying technologies aren’t the only unnecessary drain on our wallets

1. Cable TV

Cable television’s heyday is over. Subscribers have been declining since 2004, and analysts say there’s no end in sight. Roughly 54.8 million households currently pay for cable TV, down 3.3% from 2012 and down 17.6% from a decade prior, according to research firm IHS. Cable companies are expected to shed roughly 1.3 million subscribers in 2014.

The decline is due in part to so-called cord-cutters: consumers who are canceling cable and transitioning to lower-cost services, such as Hulu and Netflix NFLX +0.48%  , which provide much of the same programming at a fraction of the price. Using an Internet connection, consumers can stream many cable shows, news programs and sports games, as well as movies, directly to their TVs. Some channels’ websites also provide viewers access to their shows. (MarketWatch recently launched a calculator — Are you ready to cut the cord? — that allows consumers to find the shows they normally watch through such lower-cost options.)

These services are mostly beneficial for people who do not mind watching shows after they’ve aired and are willing to part with most live programming.

….#2 of 10 HERE

 

Technical Chart Shows That Silver Is About To Exit A Giant 3-Year Correction

Posted by Arabian Money

on Tuesday, 10 June 2014 12:26

Look at the chart below from technical analyst Clive Maund that he says makes it clear that ’silver HAS NOT been in a larger order bear market but a giant correction these past three years’.

His latest silver market update (click here) concludes silver ‘is at an excellent point to turn up and begin a major new uptrend’…

s4

‘On its 14-year chart, which shows all of the bull market in silver from its inception, we can see that, although the drop from the 2011 peak has been severe, involving losses of more than 60 per cent from the highs, it has not thus far resulted in a breakdown from its long-term uptrend, which remains intact.

‘Over the past year silver appears to have been basing in the zone of strong support shown with its supporting long-term trendline gradually coming into play to provide additional support. This is in fact the perfect setup for a major new uptrend to begin, and the only further supporting factor required is a favorable COT structure – and that we now have.’

Bullish comment

This is not the first time Mr. Maud has been bullish on silver but it is true that the real breakdown in the long-term trend to very much higher silver prices has not been smashed, despite many contrary predictions among the more bearish analysts.

At the same time public opinion about the silver outlook is almost universally bearish – a good signal that prices are as low as they are going to go. Some further weakness is possible, concedes Mr. Maund but September is traditionally the best month for the shiniest of precious metals:

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…also from Arabian Money:

Chinese companies just starting the slide towards bond defaults as property boom turns to bust

US stocks are the most expensive in the world

Mohamed El-Erian asks just how strong is the US economic recovery?

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