You Know Things are Falling When…

…when the stock market’s decade-long bottom trend becomes its new top trend and then it can’t even make it back up to that line as a top trend.

We’re sloughing away now, and it can be a long slide to the bottom or endless side-winding of big ups and downs that go nowhere, just as the market has now gone nowhere for fifteen months.

Yes, if you bought in January, 2018, (when I said the market would fall) and held, you have made nothing (unless you did well on dividends)! If you continue to hold, the odds are you will do worse than nothing; but, hey, you did get to enjoy a heck of a roller-coaster ride. If, on the other hand, you sold in January of 2018 and put your money in cash, you made 2% a year with worry-free smooth sailing every day of the year. Here’s the proof on stocks:

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US & World Issues Affect Gold Market

By Andy Hecht – Re-Blogged From Gold Eagle

Summary

  • The dollar steps on the rally with a bullish reversal last week.
  • Issues around the world warn not to get too bearish.
  • Technical levels to watch in gold on the up and the downside.
  • Gold mining stocks are waiting for gold to make a move – GDX is likely to outperform gold if the price breaks higher.

Gold is a safe haven asset that market participants tend to flock to during periods of fear, uncertainty, and inflation. The yellow metal is both a commodity and a financial asset, making it unique. Along with its many industrial and ornamental uses, gold serves as an asset for countries around the world that hold the metal as part of their foreign currency reserves. Not only do central banks, governments, and monetary authorities hold gold, but they have been net buyers of the precious metal over the past few years. China and Russia are both absorbing their domestic production and purchasing the metal in the international market to build reserves.

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How A ‘No Deal’ Brexit Could Lead To The “Lehmanization” Of Europe

[Some of us think the disaster is way overdone. -Bob]
By Mark O’Byrne – Re-Blogged From Gold Eagle

(The Telegraph) — Odds of a ‘no deal’ Brexit next week have risen markedly, as the Commons fails to coalesce around a viable alternative to Theresa May’s deal, while once again rejecting the “best possible deal” negotiated between the prime minister and the EU27, albeit by a smaller, yet still considerable, margin than in the past.

This is why, for the first time in a while, speculation about ‘no deal”s impact, not only on the UK, but on the European, and broader global, economy is at the forefront of the market’s mind, as investors have finally been forced to confront the reality that the UK crashing out of the EU next week isn’t only possible, but extremely probable.

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London Property Slide Worsens With Biggest Drop Since 2009

By Mark O’Byrne – Re-Blogged From Gold Eagle

3.8% fall y/y in Q1, the seventh straight decline in values – Nationwide
– Nationally, U.K. real-estate market remains ‘subdued’
– Some of the weakness relates to Brexit as economic uncertainty impacts sentiment

London continued to lead the U.K.’s weakening property market at the start of 2019, with prices falling the most since the financial crisis a decade ago.

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Continuing Brexit Travails

  • Mr Barclay voted against a Government plan for a delay to Brexit last night
  • He said he would support a short extension to Article 50  but not a long one 
  • Mrs May expected to make third attempt to get a Brexit deal thought next week 
  • Mr Barclay said: ‘If we don’t have a deal then we should leave with no deal ‘

Is May about to lose her THIRD Brexit secretary? Stephen Barclay hints he could quit if PM backs a long extension to Article 50 saying ‘we shouldn’t be afraid to leave with no deal’

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UK’s May Faces No-Confidence Vote After Brexit Plan Crushed

By Associated Press – Re-Blogged From Newsmax

British lawmakers on Tuesday overwhelmingly rejected Prime Minister Theresa May’s divorce deal with the European Union, plunging the Brexit process into chaos and leading to a no-confidence vote in her government.

Moments after the vote, May said it was only right to test whether the government still had lawmakers’ support to carry on. Lawmakers will vote Wednesday in a no-confidence motion from opposition leader Jeremy Corbyn that could trigger a national election.

The House of Commons’ 432-202 vote against May’s plan was widely expected, but it was still devastating for her fragile leadership. It came after more than two years of political upheaval — and was the biggest defeat for a government in the House of Commons in more than a century.

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Three Things That Will Definitely Happen In 2019

By John Rubino – Re-Blogged From Dollar Collapse

Much about 2019 is uncertain. But a few things are pretty much guaranteed, including the following:

Government debt will rise at an accelerating rate

Like a life-long dieter who finally gives up and decides to eat himself to death, the US is now committed to trillion-dollar deficits for as far as the eye can see. And that’s – get this – assuming no recession in the coming decade. During the next downturn that trillion will become two or more, but in 2019 another trillion-plus is guaranteed.

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