Silver Stackers Can End The Silver Manipulation And Stop The Criminal Banksters
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marctomarket.com / by Marc Chandler / Apr 29, 2017
Often the US dollar, as the numeraire, seems to be the main actor in the foreign exchange market. Other times, the dollar appears to be at the fulcrum between European currencies on one hand, and the dollar-bloc currencies on the other hand. Another way expressing this is whether there is a dollar-move underway or is it really more about the crosses.
Presently, the dollar appears better understood at the fulcrum. Last week it fell against European currencies and advanced against the dollar bloc and yen. While this may continue, we suspect robust US data (April auto sales and employment) could spur a return of the dollar as the primary mover. If this scenario does materialize, the recent weakness of the Australian and Canadian dollars may be seen as leading the move.
The Dollar Index gapped lower to start the week and chopped back and forward between around 98.70 and 99.30. The gap is unfilled. It is found between 99.33 and 99.65. The important technical question is what kind of gap is it? Some technicians are arguing that it is a break away gap or a measuring gap, which would be a bearish read. If it is a normal gap, it should be filled shortly. The MACDs and Slow Stochastics appear poised to turn higher, and given our fundamental outlook, we lean toward the gap being filled over the next week or so. If our leaning is wrong, the next downside target would be near 97.85, the 50% retracement of the rally since last May. The 38.2% retracement is (wouldn’t you know it?) near 99.30
In a curious incident that is certain to provoke questions about the proximity, not to mention fund flow, between Israel and ISIS the former Israeli Defense Minister, cited by the Times of Israel, said that Islamic State terrorists have on at least one occasion “apologized” to Israel for mistakenly attacking IDF soldiers in the occupied Golan Heights. The disclosure may also provide some insight into why after reportedly attacking virtually every religion and ethnicity in the region, there have been virtually no documented attacks by the Islamic State on Israel or its citizens.
news.goldseek.com / By Graham Summers / April 28th, 2017
Time to bust yet another hole in the “stocks are cheap” argument.
As we’ve already noted earlier this week, based on the only valuation metric that can’t be massaged, stocks are more expensive than they were in 2007 and on their way to tying the all-time high established in 1999.
Of course, few people use P/S to value stocks. Most people use Price to Earnings or Earnings Per Share (EPS), since this is meant to represent how expensive stocks are relative to the money a stockowner gains by “owning them.”
On that note, according to the “official data” the S&P 500 is sporting a P/E ratio of 25. This is supposedly “cheap” since it’s below the P/E ratios established in the past.
“We live in such a dangerous society that we never know when terror will strike…”
At least, that must be what Newport, Oregon police thought went through the mind of the concerned citizen who snapped the above photo when they took to Facebook apparently worried that a cat sniper with a rifle was stalking the streets of Newport earlier this week.
zerohedge.com / by Darius Shahtahmasebi via TheAntiMedia.org / Apr 28, 2017 10:15 PM
Russia recently said it would support Iran’s bid to join the Shanghai Cooperation Organization, an emerging economic and political alliance led by China. This Shanghai Bloc was originally formed in 1996 before it was rebranded in 2001. Its membership includes Kazakhstan, Kyrgyzstan, Russia, Tajikistan, and Uzbekistan. Last year, India and Pakistan also signed the memorandum of obligations and are expected to become full members sometime this year. The bloc has expanded into a military organization over the last few years and has run joint military exercises in the past.
Russian Foreign Minister Sergei Lavrov said Iran now fully fits the criteria for membership and that discussions on its bid to join will take place this summer.
silverseek.com / Przemyslaw Radomski, CFA / Friday, April 28th
In yesterday’s alert we wrote that the reversal in the precious metals market should once again not be taken at its face value and that one should not overreact based on it as the size of the potential rally was limited. Well, it turned out that “limited rally” was an euphemism for a decline. Gold, silver and mining stocks declined once again despite the previous day’s reversal and gold stocks confirmed the breakdown below the key support line. The implications are strongly bearish. However, there’s something ever more bearish and much more profound.
Let’s recall the situation in silver. A few weeks ago we wrote about silver’s move to the key resistance line and the huge importance of the invalidation of the breakdown below the line based on the weekly closing prices. Silver is now significantly below the resistance line, but the key question is if the decline is already over. Well, it seems that it’s far from being over and the analogy that we are going to discuss shows just how far it could be from being over.
History repeats itself – maybe not to the letter, but more or less – that’s the key principle of technical analysis. This principle is usually utilized by using chart patterns, but it goes beyond this – to self-similarity and fractal analysis. Long story short, if one manages to find a pattern that is a good reflection of a pattern from the past (either direct or on a proportional basis) then they could profit on the pattern’s continuation.
Momentum as well as technicals are bearish for gold and silver. Geopolitics is not supporting bullion. Israel attacking Syria is a game changer and also an indication that regime change in Syria will be much sooner. Next week traders will shift focus to economics with the FOMC meet and US April nonfarm payrolls. France elections voter analysis will have a bigger impact than the actual results.
Crude oil is looking mildly bearish. Incoming news will be the key for the markets. Gold has fallen whenever traders have focused on interest rates. Next week incoming economic data releases will focus on the global interest rate cycle. Monday holiday in Europe implies traders will take positions for Tuesday.
Today’s close is very crucial for all metals and energies from a technical perspective.
COMEX GOLD JUNE 2017 – current price $1266.70
Bullish over $1259.90 with $1274.30 and $1280.20 as price target
Bearish below $1253.60 with $1248.80 and $1241.70 as price target.
The University of California at Davis has a revolutionary solution for all their binge-drinking students who find it difficult to control their primal urges after a night of frat-hopping…the ‘Plan B’ vending machine. For $30 a box students can now flush that pesky, potentially-fertilized egg without the hassle of having to walk all the way to a pharmacy.
Of course, the female students on campus seem to love the idea, saying…“It’s like useful”….yeah, totally, and stuff.
“It’s easier to take a Plan B than have to tell your parents that you’re pregnant.”
“It’s like useful….so that you don’t have to go to a pharmacy…”
jonrappoport.wordpress.com / by Jon Rappoport / April 27, 2017
Hello, Novartis. The pharmaceutical giant has just been fined $50 million by the government of South Korea for bribing doctors to prescribe the company’s drugs.
FiercePharma reports: “Last year, prosecutors in the country [Korea] raided Novartis offices to gather documents and account books. South Korean officials later indicted a half-dozen Novartis execs, as well as more than a dozen doctors and five medical journal heads…The Korea Times says the criminal trial is now underway.”
A Novartis spokesperson called the crime “in violation of our policies and inconsistent with our culture…”
Really? There’s more.
FiercePharma continues: “Outside of Korea, Novartis faces separate bribery claims in Greece, where an official earlier this month said ‘thousands’ of people could be implicated.”
“The company faced other allegations in Turkey, which it now considers ‘unsubstantiated,’ and paid $25 million to U.S. authorities last year to settle a bribery investigation in China.”
zerohedge.com / by Philip Shenon via Politico.com / Apr 28, 2017 9:25 PM
public to see a trove of thousands of long-secret government files about the event that, more than any other in modern American history, has fueled conspiracy theories – the 1963 assassination of President John F. Kennedy?
The answer must come within months. And, according to a new timeline offered by the National Archives, it could come within weeks.
Under the deadline set by a 1992 law, Trump has six months left to decide whether he will block the release of an estimated 3,600 files related to the assassination that are still under seal at the Archives. From what is known of the JFK documents, most come from the CIA and FBI, and a number may help resolve lingering questions about whether those agencies missed evidence of a conspiracy in Kennedy’s death. As with every earlier release of JFK assassination documents in the 53 years since shots rang out in Dealey Plaza in Dallas, it is virtually certain that some of the files will be seized on to support popular conspiracy theories about Kennedy’s murder; other documents are likely to undermine them.
There is no little irony in the fact that decision will be left to Trump, long a promoter of so many baseless conspiracy theories about everything from his predecessor’s birthplace to the notion that the father of one of his campaign-trail rivals was in league with JFK assassin Lee Harvey Oswald.
Any jackass can kick a barn down, but it takes a carpenter to build it.
One jackass (oops we mean expert) after another, has been predicting that this market is ready to crash. The problem is that these brain surgeons have been making this argument for so long it almost sounds like the definition of insanity. Insanity boils down to doing the same thing over and over again and hoping for a new outcome. These predictions are so off the mark that they make a broken clock look fantastic which happens to be right once or twice a day depending on whether you follow military time or not. This market is unlike any other market; it has moved from being the most hated bull market to the most insane bull market of all time. In such an environment technical analysis is technically trash and fundamentals are fundamentally flawed. In fact, for the most part, market technicians have no idea of what they are talking about; they figure that by studying someone else theory or drawing squiggly lines on some chart they can decipher the market.
We have dealt with at least 15 so-called expert technicians who claimed to have found the Holy Grail; in the end, their theory was full of holes and could not account for sudden and rapid trend changes. Technical’s do not drive the markets, and neither do fundamentals; emotions drive the market. Understand the emotion, and you can identify the trend. Identify the trend, and you can determine the primary direction of the market. If the trend is up, then you don’t need to worry about crashes or correction; the market will not crash when the primary trend is up. It will, however, experience corrections, all of which will prove to be buying opportunities until the trend changes. Simple, prudent money management skills will protect your profits and reduce your losses. Fundamental analysis is even worse; at least technical analysis can be useful when combined with sentiment analysis. Fundamentals boil down to pouring over standard data, and you are usually looking at what happened and not what will happen. We will not spend more time on that topic as in our opinion fundamental analysis is in today’s markets is a total waste of time.
zerohedge.com / by Patrick Buchanan via Buchanan.org / Apr 28, 2017 8:35 PM
Has President Donald Trump outsourced foreign policy to the generals?
So it would seem. Candidate Trump held out his hand to Vladimir Putin. He rejected further U.S. intervention in Syria other than to smash ISIS.
He spoke of getting out and staying out of the misbegotten Middle East wars into which Presidents Bush II and Obama had plunged the country.
President Trump’s seeming renunciation of an anti-interventionist foreign policy is the great surprise of the first 100 days, and the most ominous. For any new war could vitiate the Trump mandate and consume his presidency.
Ronald Bernard is a Dutch entrepreneur whose drive and business contacts quickly catapulted him into the world of the financial elite. However, the deeper into this world Bernard went, the more horrifying it became. In a jaw-dropping interview with De Vrije Media, Bernard details this dark and depraved elite society which he says conducted human sacrifice and celebrated destruction.
To not sound like crazed tinfoil ranting kooks, we will admit that the things Bernard mentions in the interview below sound utterly insane and evil. Indeed, it could be entirely made up. In an effort to vet his credibility, however, the Free Thought Project did some background research on him, and it checks out. He is who he says he is.
Also, Pascal Roussel, a fellow insider of the financial world, wrote in ‘The Divine Trap’ about experiences similar to the ones disclosed by Bernard.
thecommonsenseshow.com / By Dave Hodges / April 28th, 2017
For the past three days, I have allowed an email to quietly sit in my inbox without looking at it and as it turned out, it came from an old friend with a potentially serious warning about a set of events set to take place next week. Today, another email appeared and it is identical to the ignored email except for key words and phrases which were attached to the following public advertisement for crisis workers at a pair of upcoming disaster drills. Both emails have to do with a disaster drill involving chemical and biological agents used to attack the American people as part of a false flag operation which appear to contain Deep State overtones.
Here is what is upcoming set of drills that will take place in Ohio next week.
When the U.S. Marines and Allied forces stormed the beaches of Normandy in June 1944 over 200,000 Allied forces lost their lives in a matter of weeks. Now, courtesy of some futuristic military technology, “storming a beach” can be done from a completely remote location with some machine-gun wielding robots and not a single human casualty.
Per a recent Fox News note, in addition to miniature robot tanks, the Navy and Marine Corps have been quietly testing about 50 new fascinating technologies at Camp Pendleton, at the Ship-to-Shore Maneuver Exploration and Experimentation Advanced Naval Technology Exercise 2017, in California. Among other things, new gadgets include speedboats that instantly transform into small stealthy submarines that can dive beneath the surface to avoid detection.
First up, meet the Multi-Utility Tactical Transport (MUTT) unit designed by General Dynamics.
The EPA’s Clean Water Act was supposed to essentially make it illegal to discharge any pollutant from a point source into navigable waters. According to the agency itself, “The basis of the CWA was enacted in 1948 and was called the Federal Water Pollution Control Act, but the Act was significantly reorganized and expanded in 1972.”
"Anyone who claims to stand for free markets, free trade, and limited government but who attempts to defend the existence or importance of the Federal Reserve or central banking is a liar. Either you support free markets and freedom of pricing or you support central bank price-fixing and creeping socialism. There is no third way or middle road — socialism and the free market are mutually incompatible. A little bit of socialism in the form of price-fixing is like a little bit of gangrene, if left unchecked it will eventually infect and kill the whole." - Paul-Martin Foss via The Mises Institute