Old and New Drivers in the Week Ahead
I have a doctor’s appointment this morning so I will not be able to get up any interviews until the afternoon. In the meantime here is a post by our friend Marc Chandler outlines his thoughts on what will be the main drivers for the markets.
Click here to visit Marc’s website. He has great content everyday!
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The firmer price pressures, coupled with stronger domestic consumption (look for a strong household spending report) and foreign demand (18% year-over-year increase in August exports), puts the world’s third-largest economy in a sweet spot that has been so elusive. If anything, a snap election may bring forward some new spending initiatives (though the real new spending may be limited). That is the fiscal arrow of Abenomics.
Good luck with that. Congress barely can remember which drawer they put their depends in.
George W Bush guaranteed it.
http://www.slate.com/articles/news_and_politics/readme/2003/03/unauthorized_entry.html
War is just the cover the bankers ordered.
OFF TOPIC:
DETROIT (AP) — General Motors’ Cadillac luxury brand is embarking on a cross-country drive to show off its version of a car that almost drives itself on the freeway.
A dozen Cadillac CT6 sedans will leave the brand’s New York headquarters Monday and head for Los Angeles as cars with the “Super Cruise” system start arriving at dealerships.
Cadillac calls Super Cruise the first hands-free driver-assist system for freeways. The system was delayed a year as GM worked out the kinks and refined it after a fatal crash last year involving a Tesla Model S in which the driver was using the electric car maker’s Autopilot system.
Unlike Tesla’s system, Super Cruise will operate only on limited-access freeways. It will keep the car centered in its lane and a safe distance from vehicles in front of it, relying on cameras and radar sensors and high-tech maps to guide the car. Drivers won’t have to keep their hands on the steering wheel, but the system will monitor their facial features to make sure they are paying attention to the road and a ready to take over driving in an emergency.
Drivers who don’t pay attention will get several warnings including a flashing light bar on the steering wheel, seat vibrations and audible alerts. If they don’t respond, the car emergency flashers will turn on, it will slow to a stop and contact GM’s OnStar safety system.
Although Tesla and other automakers offer similar systems, GM says Super Cruise is the only one that lets drivers take their hands off the wheel.
Cadillacs equipped with the Super Cruise system are being shipped to dealers this week. It’s standard on the CT6 Platinum model, which starts at just over $85,000, and is part of a $5,000 safety package on the Premium Luxury model, which starts at $66,290.
GLD is bouncing from an obvious support:
http://stockcharts.com/h-sc/ui?s=GLD&p=W&yr=2&mn=2&dy=0&id=p65679509008&a=541702267
🙂 ………funny……..love it………
The miners have probably begun their next move higher but are not yet acting very bullishly relative to the metals.
Note the multiple weekly MA support and Fibonacci time zone:
http://stockcharts.com/h-sc/ui?s=GDX&p=W&yr=4&mn=2&dy=0&id=p04444295289&a=546593418
NSRPF is acting very bullish relative to anything.
Yes it is.
Nice. A little bounce off the back-test support.
Correction:
https://www.youtube.com/watch?v=vKBrIKS0pnA
is the speech of Ri Yong Ho at the UN
Notwithstanding Ri’s speech at UN, the DPRK had no intention of keeping any agreement:
I am increasingly annoyed by Zerohedge scaremongering.
Several times recently this site has lied by omission. I do not know if it was deliberate or by error or lack of knowledge, but when lying by omission occurs repeatly and a pattern is established, I would remind Zerohedge that its site becomes worth less.
This is happening in newspapers and other media already.
Sorry, to repeat this cite, but here is the official DPRK response to Trump:
https://www.youtube.com/watch?v=qTF3UT4loBU
is the date correct?………I copied from the above…
Full speech. 23 Sep 2016. Ri Young Ho, Minister for Foreign Affairs of the Democratic People’s Republic of Korea (DPRK), addresses the general debate of the 71st Session of the General Assembly of the UN (New York, 20-26 September 2016).
SHOW MORE
2016?
i didnt notice that.
but its 2016 alright.
Unfortunately,,,,,,,we have to verify everything anymore…, or maybe we always did 🙂
To much UTUBE fake news
I might have mis-copied the speech, sorry, but I did originally listen to the whole speech.
What did he say????????? could not hear totally……..
I think I caught 2 things.
First they believe the americans have declared war.
2nd they have the right to defend themselves.
Its tuff to hear.
Thanks……….
I agree CFS. Zerohedge occasionally breaks interesting stories, but there is ample amounts of scaremongering and dis-information (fake news) in their daily rants.
It is definitely what sells advertising space!
the novo presentation was pretty unreal.
reminds me of the people that suck up the nuggets of the coast of alaska.
DENVER GOLD FORUM PRESENTATIONS
No one is paying attention .Quinton hennigh just gave a talk at the denver gold show.
In a short live feed coming from austrailia in the dark of night a small group of men extracting gold nuggets from purdys reward area. The implications are staggering.
In the film shot they had targets of gold nuggets in the side of a hill marked by paint targets .And lots of them. Stay tuned……………….
Have a link……..?…….thanks for the info………..
1310…….plus…….closed ahead of the 1307……….good
novo is really moving up after that presentation.
I wonder how much gold nuggets laying all over the place for kilometers is worth?
Novo Resources Corp
CVE: NVO – Sep 25, 3:59 PM EDT
6.50CADPrice increase1.39 (27.20%
Dang BIG JUMP
seems to be happening every day Jerry.
The video might explain why.
video……….for those who missed it……
https://www.youtube.com/watch?v=A0ygPXEi4Q8&feature=youtu.be&t=39m24s
Well let’s say Novo has 1.5 billion oz gold in Wits2. At $30 an oz in the ground they would be worth over $300 a share. Me no sell!!!! I’m not greedy. I just want 7 shares of NEM for ea share of Novo.
Evidently the government of the DPRK have the impression that the United States has declared war on them. Certainly not a formal declaration by congress but one by the president. It would be interesting to get congress to debate the issue.
http://www.silverdoctors.com/gold/gold-news/gold-silver-spike-on-north-koreas-trump-declared-war-comments/