Monday, September 29, 2014

Jim Puplava’s Big Picture: LEIs Signaling a Soft Patch Ahead

Also, “Paid to Adapt, Not Forecast”
BIG PICTURE09/27/2014
Jim’s first Big Picture topic is about the Leading Economic Indicators (LEIs) and why they are signaling a soft patch ahead. They indicate weakness in housing, mortgage applications and durable goods. Jim discusses the reasons behind the soft patch and why it will likely be temporary.
Click Here To Listen
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"The Big One Is Coming" - V The Guerrilla Economist Exclusive



For all of our readers and listeners who have been waiting for an update from 'V the Guerrilla Economist', Live Free or Die and myself had the opportunity Friday night to interview the man who has been WAY ahead of the game for a long time now, his warnings and predictions eerily accurate, and what he shared with us is the kind of information that we have all been waiting for.

"V" begins by updating us on recent information that he has received from his 4-Star General source and warns that events are still on schedule, a schedule that he previously warned would leave the US dollar 'undermined' by 2015 and the US ceasing to exist as a nation by 2017. While millions of Americans believe that 'those running the show' are bumbling and stumbling idiots, "V" refutes that argument by telling us that for them, things are going exactly according to plans.

The process of undermining the US dollar is well on schedule as well; more than 105 countries have decided that the dollar no longer works for them, joining Russia, China and other BRICS nations in leaving the dollar as the entire world comes to the realization that America's leaders are insane. Their recklessness and evil ways have left tremendous shame upon our nation.

Though there has been much manipulation and propping up, but that is only setting us up for the inevitable 'massive crash'. They're getting ready to 'bring in the chaos' we are warned, as well as informing us "the big one is coming," and before they are done, a 'Mad Max'/'Road Warrior' scenario isn't totally out of the picture. Between bio-weapons unleashed upon America after the collapse that may leave 25 million Americans dead within days, "V" moves on to the signs that we should be looking for as the end comes closer.

In the portion where "V" describes his interactions with the General, we get a very clear, disturbing glimpse into how the US Government plans to deal with the "chaos" that is coming and it will chill you to the bone as he describes what was asked of, and offered to the General, and the General's visceral reaction.

(Note- Towards the end of the Skype interview sounds issues developed and despite everybody rebooting and reconnecting. those issues continued until we had to call a halt, but we are assured that V will return for another, soon)
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Mind The Margin Accounts: Investor Net Worth Plunging At Record Pace

Continuing on with the valuation theme, there are a couple of additional “market” indicators that are also at or above dot-com levels. While not strictly a valuation technique, the level of margin debt and really customer net worth gives us an insight into one aspect of multiple expansion. Margin debt for FINRA accounts (which includes both NYSE and what used to be NASD members) has been somewhat flat since earlier in 2014.
ABOOK Sept 2014 Valuations Margin Debt
However, the balance of net worth has proceeded further negative, doing so at a pace that far exceeds anything ever seen before. (more)
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Caterpillar Inc. (NYSE: CAT)

Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. The company operates in multiple segments including Construction Industries, Resource Industries, Power Systems and Financial Products.
Take a look at the 1-year chart of Caterpillar (NYSE: CAT) below with my added notations:
1-year chart of Caterpillar (NYSE: CAT)
Over the last 6 months CAT has created a key level of support at $100 (red), and that $100 level is also the “neckline” support for CAT’s head and shoulders (H&S) reversal pattern. Above the neckline you will notice the H&S pattern itself (blue). This pattern implies an eventual breakdown for the stock.
Remember, patterns such as an H&S need to confirm to have the meaning that they imply. Confirmation of the H&S would occur if CAT were to break below its $100 support.

The Tale of the Tape: CAT seems to have formed a head & shoulders pattern. Although a long trade could be made at $100, the pattern points towards a break lower. A short trade could be entered on a solid move below the $100 “neckline” support, with a stop placed above that level.
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KWN SPECIAL: GOLD & SILVER SMASH, WHAT’S NEXT & MUCH MORE – Dr. Stephen Leeb:


kingworldnews.com / Sunday, September 28, 2014
PLEASE CLICK ON PICTURE TO LISTEN TO THIS EXCLUSIVE INTERVIEW
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US Weekly Economic Calendar

time (et) report period Actual CONSENSUS
forecast
previous
MONDAY, SEPT. 29
8:30 am Personal income Aug.   0.3% 0.2%
8:30 am Consumer spending Aug.   0.4% -0.1%
8:30 am Core PCE price index Aug.   0.0% -0.1%
9 am Charles Evans speech        
TUESDAY, SEPT. 30
9:45 am Chicago PMI Sept.   62.9 64.3
10 am Consumer confidence index Sept.   92.9 92.4
WEDNESDAY, OCT. 1
10 am ISM Sept.   58.1% 59.0%
10 am Construction spending Aug.   0.1% 1.8%
TBA Motor vehicle sales Sept.   16.7 mln 17.5 mln
THURSDAY, OCT. 2
8:30 am Weekly jobless claims Sept. 20
299,000 293,000
10 am Factory orders Aug.   -9.3% 10.5%
7;45 pm James Bullard speech        
FRIDAY, OCT. 3
8:30 am Nonfarm payrolls Sept.   220,000 142,000
8:30 am Unemployment rate Sept.   6.0% 6.1%
8:30 am Trade deficit Aug.   -$41.0 bln -$40.5 bln
10 am ISM nonmanufacturing Sept.   58.5% 59.6%
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