By Jordan Roy-Byrne, CMT In recent months we’ve been talking and writing about a potential acceleration in Gold. The chart said we were close and in all honesty Gold has actually been in a state of gradual acceleration since the 2008 low. Furthermore, we’d noted that in most secular bull markets, accelerations usually begin in the 11th or 12th year...

JW Jones – http://www.OptionsTradingSignals.com Three weeks ago I began urging members of my service to reduce risk and raise cash. I pounded the table incessantly for the past two weeks to continue to raise cash and reduce risk. I have not issued a trade alert to members in over 3 weeks, but by acknowledging risk ahead of the debt ceiling debate...

by Karl Denninger Where are you Mr. Cantor? Mr. Rand “I’m going to filibuster (which would have delayed the Senate 3 days)” Paul? Where’s Mr. Boehner? Hmmmmmmm? No public statements taking credit for the stock market collapse?  Why not? Don’t you like the taste of what you cooked up? You passed “the best deal we...

by Tyler Durden This is what happens when everyone shifts from the same side of the boat to the other… at the same time.

(Week Ahead section of Stock World Weekly) On Friday, August 5, Standard and Poor’s downgraded U.S. debt from AAA to AA+, and assigned a negative outlook to U.S. debt. In its press release, S&P directly addressed the contentious squabbling on Capitol Hill, and the clumsy spectacle of Obama, Boehner and the upstart Tea Party faction of the...

by Tyler Durden Highlights from the just released G-7 statement: G7 Says Will Take Every Action to Stabilize Financial Markets G7 says it will commit to secure liquidity in market G7 will cooperate closely on currency market actions G7 says it will be in close contact next few weeks G7 says disorderly moves in markets hurt economy G7 says currency...

By Eric McWhinnie After an eight day losing streak, the Dow (NYSE:DIA) found a way to close the day higher on Wednesday.  The S&P (NYSE:SPY) closed higher at 1,260, but has barely gained since it opened the year at 1,257.  As the economy continues to struggle, money is flowing from equities into safe havens such as gold (NYSE:GLD) and silver...

Mike “Mish” Shedlock With the US AAA rating gone, how long can France hold its AAA rating? I suspect not long. So where will that leave the ECB attempting to put a circle around Italy? Will Germany have to backstop all of Europe? Those are the new key questions and notice how the key question list keeps growing larger in size and significance. France...

Fallond Stock Picks Okay – the title is hardly a surprise given the events of last week. Yes, bullish channels are history but a new bearish channel needs a rally to define upper channel resistance. Not to mention, an extended sideways consolidation is the more favored outcome since markets don’t typically swing from one trend to another. The...

by Karl Denninger That didn’t take long…. United States of America Long-Term debt rating lowered to “AA+” on political risks and rising debt burden; outlook negative. And so it begins.  With the outlook, it is clear that S&P believes this is not a one-step “and done” move either. Why?  Oh, they were rather...

by Tyler Durden The first official demand for a change at the top as a result of the S&P downgrade has come in, courtesy of Indiana State Treasurer Richard Mourdock, who has just demanded the head of the most incompetent and tax evading Treasury Secretary in US history, on a silver platter. “President Obama should fire U.S. Secretary of the...

Here is Where to Watch for the Turn. What to say about Thursday’s market? The “RISK OFF” trade had its finest hour. The Dow average WAS down 512 points, NASDAQ (QQQ) cratered by 135 points, oil (USO) was off $6, and copper (CU) got smacked for 34 cents. Emerging markets (EEM) quickly morphed into submerging markets. Gold (GLD) provided no refuge...

Consider Yourself A Successful Trader, Just Because You Win More Than You Lose? Think Again! Just because you see more winning trades than losers does NOT mean you’re coming out ahead. In fact, you *could* be teetering dangeously close to the edge… and one losing trade could mean total wipeout! There’s so much more that goes into it...

by Tyler Durden United States of America Long-Term Rating Lowered To ‘AA+’ On Political Risks And Rising Debt Burden; Outlook Negative We have lowered our long-term sovereign credit rating on the United States of America to ‘AA+’ from ‘AAA’ and affirmed the ‘A-1+’ short-term rating. We have also removed...

By Frank Trotter, President, EverBank Direct Friends who know that I speak frequently about global economics have been calling to see what I think about the smackdown arguments over spending in Washington. I have surprised them all by saying that it’s really an empty record. Well, I suppose there is some kind of odd entertainment factor in the recent...