Saturday, September 20, 2014

The Next 7 Days May Trigger A Global Stock Market Crash / September 19, 2014
September 19 (King World News) – “On this day (+1) in 1873, the New York Stock Exchange set a record, although it was one they would be ambivalent about for the next 133 years.
Founded in 1792, the Exchange had survived early volatility (1794), a challenge from competitors (1802), a merger and a new name (1825), a punishing diet (records indicate that, circa 1810, lunch was a double jigger of dark rum and a wedge of dried codfish…..please note….we no longer serve codfish).
 But on Saturday, September 20, 1873, for the first time in its history, the NYSE closed in response to a panic.  (The word circuit breaker had not been invented yet….er…..neither had circuits.)
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Did The Bottom Just Fall Out Of Commodities? / by Tyler Durden on 09/19/2014 14:12
Global growth expectations… we have a problem. With all eyes focused on BABA, Treasury yields, and Russell 2000 death-crosses, the old equally-weighted CRB commodity index has broken down through support to 4-year lows this morning
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Credit Ratings Agencies Are Repeating Pre-Meltdown Behavior

by John Morgan
Money News

The credit ratings agencies, which some experts blame for being enablers in the nation’s 2008 financial meltdown, apparently have been back-sliding toward their old behavior.
Big banks and other lenders were motivated to push worthless loans off as valuable during the profit scramble before the bubble burst, and critics said the credit agencies went along for the ride.
“They made their money rating bonds, and only rating bonds,” The Washington Post noted. “If it turned out their ratings were garbage, and contributed to a once-in-three-generations crisis — well, oops. But thanks for all the fees! It was one part incompetence, and another part incentives.”
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Mine Closures and Shortages are Sending Base Metal Zinc Higher – Weekly Market Wrap Up

Zinc’s spot-price was already on a positive trajectory following extended buying on forecasts of shortages of the metal due to mine closures and as a proxy for recovering global growth. Zinc is used heavily in penny production which will inevitably rise beyond the cost of the underlined face value of the one-cent coin. The question is, at what point will people hoard pennies just for the metal content inside of the coin? Forecasts, projections, and more are all included in this week's edition.
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Rent-A-Center Inc (NASDAQ: RCII)

Rent-A-Center, Inc., together with its subsidiaries, leases household durable goods to customers on a rent-to-own basis. The company operates in four segments: Core U.S., Acceptance Now, International, and Franchising. It offers durable products, such as consumer electronics, appliances, computers, furniture, and accessories under rental purchase agreements. The company also provides merchandise on an installment sales basis; and offers the rent-to-own transaction to consumers who do not qualify for financing from the traditional retailer through kiosks within retailer’s locations.
Take a look at the 1-year chart of Rent-a-Center (Nasdaq: RCII) below with the added notations:
1-year chart of Rent-a-Center (Nasdaq: RCII)
RCII had a rough go of things from October through March. Since that low, the stock appears to have formed a double bottom (green) price pattern. The pattern is as simple as it sounds: Bottoming, rallying up to a point, selling back off to a similar bottom, and then rallying back up again.
As with any price pattern, a confirmation of the pattern is needed. RCII would confirm the pattern by breaking up through the $30 resistance (blue) that has been created by the double bottom pattern.

The Tale of the Tape: After trending lower into March, RCII has formed a double bottom price pattern. A long trade could be entered on a break above the $30 resistance with a stop placed under that level.
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Grain Markets coming to Grips with Reality / By Dan Norcini  / September 19, 2014
There are two factors that are now finally becoming begin to seriously take hold among those who kept insisting that grains would experience a bounce higher. The first of these is the sheer size of the upcoming harvest. The latter is the strength in the US Dollar.
Early harvest results are rolling in and they are impressive! With forecasts calling for warm and mostly dry weather, harvest progress will continue as the combines move north. As the actual results are known, traders are realizing the old adage that, ” a big crop gets bigger”.
All three grains/beans are lower this morning with beans looking like they are accelerating down. I am most interested in seeing this afternoon’s COT reports on the corn because I want to see if any of the large specs ( hedge funds and other large reportables) are still net long corn or if they have whittled down those positions any.
My concern for corn is very simple – IF, and this is a big “IF”, that just-mentioned group remains as sizeable net longs, corn is in danger of having more downside than many are currently thinking. The reason? Those guys are going to have to get out of those losing longs.
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Bank Insider: Worst Depression Ever Coming

Bank Insider: Worst Depression Ever Coming 

Bank Insider James Rickards reveals the depth of the Global Banking Collapse that is about to affect billions.

The feds are gearing up to face Americans protesting the intentional importation of illegal immigrants and Alex breaks it all down on this Monday, July 7 edition of the Alex Jones Show. In Grand Prairie, Texas, county officials are planning a heavy police presence to discourage protestors arriving outside a public school where illegals will be housed later this month. The collapse of America's borders is intended to destroy the independence of the United States as a sovereign nation, leading to severe economic repercussions which will affect millions of Americans who are already facing a future global meltdown of the international monetary system. Financial expert and author James Rickards joins today's show to talk about this potential meltdown which could easily explode into a global crisis altering the lives of billions around the world.

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