Gold Rockets to Fresh Highs as Equity Rout Continues

Gold prices soared for a fourth consecutive week with the precious metal rallying more than 5% to trade at 1247 on Thursday evening in New York.

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Potential Stocks Bear Market Uptrend Underway

Another wild week! The market started the week at SPX 1880. After a gap down opening on Monday the market dropped to SPX 1828, but reversed course in the afternoon. By Wednesday it turned slightly positive for the week when hitting SPX 1882. Thursday, however, started off with a gap down opening as the market hit a new downtrend low at SPX 1810. By late Thursday into Friday the market was rallying back up again, and ended the week at SPX 1865. For the week the SPX/DOW were -1.10%, the NDX/NAZ were -0.55%, and the DJ World index was -2.70%. Economic reports for the week were biased negatively again. On the uptick: retail sales, business inventories, GNP, plus the budget and weekly jobless claims improved. On the downtick: wholesale inventories, export/import prices, consumer sentiment, investor sentiment and the WLEI. Next week, after a Monday holiday, we get reports on Industrial production, FOMC minutes, the Housing market and it’s Options expiration.
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China Reopens after Holiday Week, How Will the Yuan Respond?

The offshore Yuan (CNH) rose to the highest level in two months against the US Dollar this week thanks to a smaller-than-expected drop in China’s foreign reserves combined with Chair Yellen’s testimony saying that negative rates are not out of the question for the US economy.

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Looking For The Next Financial Crisis; Try Student Debt

“Calamities are of two kinds: misfortune to ourselves, and good fortune to others.” ~ Ambrose Bierce
Student debt is increasing at the rate of almost $3000.00 per second; this is stunning considering that education tour system does not even rank in the top 10 globally ; we are ranked 18 out of 20. Worse yet, it indicates that colleges are simply forcing young individuals to take on mind-boggling amounts of debt in the hopes of landing a good job when they graduate. Getting a student loan is about as easy it was to get a loan during the booming housing market cycle and look how that story ended.
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Uncle Sam crying “Uncle”

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3 Ways to Protect Your Collection from the Bad…

Although nobody wants to think about it, the inevitable may happen and your prized coin collection could be lost. Investing in the proper security equipment and using common sense can protect your coin collection and replace it with the inevitable happens. Follow these simple steps to maximize the protection for your coin collection. View full post on Coins: What’s Hot Now

US Dollar in Danger of Further Losses – Here are the Key Risks

The US Dollar tumbled for the second straight week against the Japanese Yen and other major counterparts in a volatile week for global markets.

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Forget Chocolates, Gift Your Valentine These Precious Metal ETFs – Nasdaq

Forget Chocolates, Gift Your Valentine These Precious Metal ETFs
A slowing global economy may have barred investors from splurging, but is unlikely to hold back lovers from celebrating Valentine's Day. If you go by the recent data provided by the National Retail Federation earlier this month, we will likely end up

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Will Capital Controls Return?

The average person may have no interest in capital controls, but to rephrase a well-known saying, capital controls are interested in you. The residents of Greece found this out in 2015 when capital controls were imposed, and they could not legally send the money in their bank accounts out of the country.
Like the rest of the world, they had been encouraged to move their data to the Cloud, and their software to subscriptions, each of which required small monthly payments. But if all our data is in the Cloud and we can’t pay to access it as a matter of law, because the money would have to leave the country – what can we do next?
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Great rarities can be found in odd places, but do your research first – Coin World

Great rarities can be found in odd places, but do your research first
Coin World
As a teen interested in numismatics and journalism, he identified a writing position on the staff of Coin World as a dream job, which was realized shortly after he graduated from Bowling Green State University with a major in journalism. He collects

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Forex Weekly Forecast: Dollar is the Big Loser until this Changes

Tensions are running high as the S&P 500 hits its worst streak since the heights of the Global Financial Crisis. But all hope is not lost—we’re keeping an eye on these key themes in the big week ahead.

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Stock Market Observations

I am showing the larger charts because they display the big picture more clearly. It is now clear that Intermediate Waves (1) through (5) of Primary Wave [C] are A-B-C Waves and not impulsive in the strict sense. We would normally expect to see a clean 5-wave decline in Wave C. This is either a rare variation or an outright aberration. Which is it? I don’t know.

This has Elliott Wavers tied in knots, since an A-B-C move is normally corrective and in this case tells the Elliottician that the next move is a rally! In fact, most analysts would say that today’s decline is a Wave B-with- rally-to-follow. What no one else is watching is the natural resistance at the cycle Bottom at 1868.20 which has been stopping the retracement rallies all week long.
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Australian Dollar at Risk on RBA Outlook, Global Sentiment Trends

The Australian Dollar recoiled sharply higher after hitting a 4-year low but a deteriorating RBA policy outlook and churning sentiment trends may renew selling pressure.

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Can Precious Metals Companies Rally Another 30%? – The Motley Fool Canada

Can Precious Metals Companies Rally Another 30%?
The Motley Fool Canada
We saw Goldcorp Inc. (TSX:G)(NYSE:GG) fall from over $50 in 2011 to $18 today, and we saw Barrick Gold Corp. (TSX:ABX)(NYSE:ABX) fall from over $50 to $15 in the same period. Even the less-risky precious metals streaming companies suffered. Silver …

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Gold Stocks Upside Targets

The gold miners’ stocks are rocketing higher again, multiplying wealth for smart contrarian traders who bought them low in recent months.  But after such a blistering surge, traders are naturally wondering how much farther gold stocks can run.  Is it time to realize gains, or buy aggressively for greater gains to come?  This critical question can be answered by looking at fundamentally-derived gold-stock price targets.
Many analysts shy away from offering price targets, with good reason.  Divining precise future outcomes in volatile markets is all but impossible.  Prevailing stock prices result from the chaotic interplay between sentimental, technical, and fundamental drivers.  And an effectively-infinite array of variables can affect each one, making forecasting stock prices a fool’s errand.  Nevertheless, this exercise is absolutely necessary.
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