The Truth Behind ...
Follow
777 views | +0 today
Your new post is loading...
Your new post is loading...
Scooped by Tom Luongo
Scoop.it!

Mayer Utters Glittering Generalities About Yahoo’s Future | stockpricetoday.com

Mayer Utters Glittering Generalities About Yahoo’s Future | stockpricetoday.com | The Truth Behind the Headlines | Scoop.it
New CEO of troubled advertising fading giant Yahoo! (NASDAQ:YHOO) finally spoke to the public about her plan for how to move the company forward.
more...
No comment yet.
Scooped by Tom Luongo
Scoop.it!

Inflation Expectations Roar Post Futures Expiration | Stock News

Inflation Expectations Roar Post Futures Expiration | Stock News | The Truth Behind the Headlines | Scoop.it
One day before the end of the Month/Quarter and the markets were back in risk-on mode thanks to the expiration of futures contracts that had moved so much...
more...
No comment yet.
Scooped by Tom Luongo
Scoop.it!

Quiet Monday Has Yen Testing Support | Stock News

Quiet Monday Has Yen Testing Support | Stock News | The Truth Behind the Headlines | Scoop.it
Now that the Bank of Japan has settled on its new QE plan, extension of the old one to the tune of ¥10 trillion more purchases of various types of debt of...
more...
No comment yet.
Scooped by Tom Luongo
Scoop.it!

Tungsten-Filled 10 Oz Gold Bar Found In The Middle Of Manhattan's Jewelry District | ZeroHedge

Tungsten-Filled 10 Oz Gold Bar Found In The Middle Of Manhattan's Jewelry District | ZeroHedge | The Truth Behind the Headlines | Scoop.it
It is one thing for tungsten-filled gold bars to appear in the UK, or in Germany: after all out of sight, and across the Atlantic, certainly must mean out of mind, and out of the safe.

 

This will send the premium on pre-1933 coinage and old sovereigns through the proverbial roof.  Can't fake age.  Lower quality, VF/XF, stuff is what you want, that's where the lowest premiums are and thats where the potential for fraud is the lowest.

 

more...
No comment yet.
Scooped by Tom Luongo
Scoop.it!

Stock Prices Today › Log InThe Fed Announces Open-Ended QE, Gold Explodes

Stock Prices Today › Log InThe Fed Announces Open-Ended QE, Gold Explodes | The Truth Behind the Headlines | Scoop.it

I will be the first to admit it, but I did not think the Fed would actually announce QE on Thursday at 12:30pm EST. The markets were prepared for it and they had been disappointed so many times in the past year that it only seemed right that the announcement would come when it was least expected. Since everyone else had announced QE it only made sense that the Fed would hold off one last time to play goalie in case of a global meltdown.

 

Well, it may just be that, in fact, that is what Thursday's real announcement was: an admission that the situation is much worse than the headlines let on and that QE as a last resort needed to happen now and not after the election. We'll soon find out.

more...
No comment yet.
Scooped by Tom Luongo
Scoop.it!

Obama & Bernanke are Bankrupting the U.S. - TrimTabs

I love what Biderman has to say here.  The numbers are stark and pretty much hard to argue with. 

more...
No comment yet.
Scooped by Tom Luongo
Scoop.it!

Gold, Silver Explode on Non-Farm Payroll Miss | stockpricetoday.com

Gold, Silver Explode on Non-Farm Payroll Miss | stockpricetoday.com | The Truth Behind the Headlines | Scoop.it
The U.S.Bureau of Labor Statistics came out with their latest fictional assessment of the changes in the labor market on Friday before the opening bell.  The...
more...
No comment yet.
Scooped by Tom Luongo
Scoop.it!

Romney == Lenin?

Romney == Lenin? | The Truth Behind the Headlines | Scoop.it

A picture is worth ten thousand words... or a few billion dollars between friendly bankers.

more...
No comment yet.
Scooped by Tom Luongo
Scoop.it!

Nokia Introduces Lumia 920/820 | stockpricetoday.com

Nokia Introduces Lumia 920/820 | stockpricetoday.com | The Truth Behind the Headlines | Scoop.it
The question at this point in the whole smart phone war is can Microsoft (NASDAQ:MSFT) and Nokia (NYSE:NOK) gain any kind of momentum with Windows Phone 8 and...
more...
No comment yet.
Scooped by Tom Luongo
Scoop.it!

Gold and Silver Follow Up Friday Rally | stockpricetoday.com

Gold and Silver Follow Up Friday Rally | stockpricetoday.com | The Truth Behind the Headlines | Scoop.it
After a monster rally in the wake of the admission by FOMC Chairman Ben Bernanke in his speech from Jackson Hole, Wyoming last Friday that there was still a...
more...
No comment yet.
Scooped by Tom Luongo
Scoop.it!

Gold and Silver Explode on Jackson Hole Remarks | stockpricetoday.com

Gold and Silver Explode on Jackson Hole Remarks | stockpricetoday.com | The Truth Behind the Headlines | Scoop.it
It took a couple of minutes for the humans of the world to process the 4500+ word speech by Ben Bernanke on Friday but once they did they realized that he gave...
more...
No comment yet.
Scooped by Tom Luongo
Scoop.it!

Gold and Silver Drag On Futures Expiration | stockpricetoday.com

Gold and Silver Drag On Futures Expiration | stockpricetoday.com | The Truth Behind the Headlines | Scoop.it
As much as I would prefer to see dramatic events unfold in what are the most politically-driven markets in the world, in my heart of hearts i almost always bet...
more...
No comment yet.
Scooped by Tom Luongo
Scoop.it!

Sinopec Profits Drop on Fuel Subsidy | stockpricetoday.com

Sinopec Profits Drop on Fuel Subsidy | stockpricetoday.com | The Truth Behind the Headlines | Scoop.it
Fuel prices in China are set by a 22 day moving average of the various prices for a barrel of oil that exist out there.  The guts of the calculation is...
more...
No comment yet.
Scooped by Tom Luongo
Scoop.it!

Rally Fades After Bernanke Speaks | stockpricetoday.com

Rally Fades After Bernanke Speaks | stockpricetoday.com | The Truth Behind the Headlines | Scoop.it
Even though FOMC Chairman Ben Bernanke's comments on Monday were defensive of ultra-loose monetary policy the equity markets still could not muster any momentum...
more...
No comment yet.
Scooped by Tom Luongo
Scoop.it!

Gold and Silver on Hold Before Futures Expiration | Stock News

Gold and Silver on Hold Before Futures Expiration | Stock News | The Truth Behind the Headlines | Scoop.it
For those head-faked out of your hedges on Friday's false breakout above $1780 that should have been a very strong clue that the price of Gold (AMEX:PHYS) would...
more...
No comment yet.
Scooped by Tom Luongo
Scoop.it!

Gold and Silver Attacked on Options Expiry | stockpricetoday.com

Gold and Silver Attacked on Options Expiry | stockpricetoday.com | The Truth Behind the Headlines | Scoop.it
Everything was proceeding apace this morning as Gold (AMEX:GLD) and Silver (AMEX:SLV) were in the process of being up strong for the third Friday in a row after...
more...
No comment yet.
Scooped by Tom Luongo
Scoop.it!

Iranian oil sales 'on rise' despite all sanctions & rhetoric - RT

The International Energy Agency says Tehran's crude sales are rising, now edging over a million barrels a day. European and US sanctions were imposed to pres...
more...
No comment yet.
Scooped by Tom Luongo
Scoop.it!

US Dollar Breaks Down on Eve of Fed Meeting | stockpricetoday.com

US Dollar Breaks Down on Eve of Fed Meeting | stockpricetoday.com | The Truth Behind the Headlines | Scoop.it

Tomorrow, September 12th may be Armageddon day for the U.S. Dollar (AMEX:UUP) as there are two events that will hit the market in what might be the financial equivalent of 9/11. first the German Supreme Court will rule (most likely in favor of, by the way) of the European Stability Mechanism, declaring it to not be in violation of the German constitution for the most part.  

more...
No comment yet.
Scooped by Tom Luongo
Scoop.it!

RBS Faces $400 million Fine over LIBOR | stockpricetoday.com

RBS Faces $400 million Fine over LIBOR | stockpricetoday.com | The Truth Behind the Headlines | Scoop.it
So, now the government in Britain is effectively suing itself.  I guess this is a new way to pay for the interest on all the bonds bought in the latest round...
more...
No comment yet.
Scooped by Tom Luongo
Scoop.it!

More Data Beats Better Algorithms — Or Does It?

More Data Beats Better Algorithms — Or Does It? | The Truth Behind the Headlines | Scoop.it
Having more data does trump a better algorithm, but it's not that simple.

 

Data collection and analysis is about having the right data not more of it.  Correlations without a hypothesis are just correlations, interesting but of no intrinsic value.  It's why the China Study is not only stupid, but wrong. 

 

Your goal should always be to find data that is germane to your goal  both good and bad and evaluate your hypothesis within that data set. 

 

Data is always telling you something and very often it's outside the parameters of whatever your algorithm/model du jour is.

more...
No comment yet.
Rescooped by Tom Luongo from Commodities, Resource and Freedom
Scoop.it!

#JPMorgan: At Least $28 Billion in Losses Since “London Whale” | Silver Vigilante

#JPMorgan: At Least $28 Billion in Losses Since “London Whale” | Silver Vigilante | The Truth Behind the Headlines | Scoop.it

Via Graham Jervis
more...
No comment yet.
Scooped by Tom Luongo
Scoop.it!

Bernanke Green Lights Gold - AlphaVN.com

Bernanke Green Lights Gold -  AlphaVN.com | The Truth Behind the Headlines | Scoop.it
more...
No comment yet.
Scooped by Tom Luongo
Scoop.it!

US Elections: Far Worse Than Iran « LewRockwell.com Blog

US Elections: Far Worse Than Iran « LewRockwell.com Blog | The Truth Behind the Headlines | Scoop.it

Great rundown of the literally stolen primary season.  I checked out of this political nonsense the moment it became obvious that the GOP wouldn't even allow the delegates earned after all the dishonesty and brutality to have their voice.  Romney is the worst kind of statist for he is unabashedly shameless in how he plays power politics, just like O-Bomb-Ya. 

 

The GOP and the DNC deserve each other.  And we who stood up to be counted for something better deserved a better result.  But, as I always quote from the man himself, "Deserve's got nothin' to do with it." 


Thanks Clint, fun speech the other night.  Too bad no one worth a salt was listening.

more...
No comment yet.
Rescooped by Tom Luongo from Gold and What Moves it.
Scoop.it!

The Decisive Key Now To Gold, Silver & Global Stock Markets

The Decisive Key Now To Gold, Silver & Global Stock Markets | The Truth Behind the Headlines | Scoop.it

Tom Fitzpatrick tells King World News:

 

“... We would also like to see gold break out against its downtrend line and the 55 week moving average. The 55 week moving average on gold is currently at $1,672 (see chart below), and if you look at the downward move that took us to the lows of $1,526, that actually began from around $1,672.

 

"A weekly close above $1,672, if we could get it, would signal to us that we have broken out of the triangle and would open up for a retest again on what we believe is the bigger level at $1,791 on gold. ..."

 

the 55 Wk EMA was the capping level before last week's breakout.  I'd like to see a simple up bar for the week... two weeks up in a row would be a big deal as Gold has been kept on a up/down weekly pattern for months now.

 


Via Hal
more...
No comment yet.
Scooped by Tom Luongo
Scoop.it!

Gold and Silver Flat Awaiting Futures Expiry | stockpricetoday.com

Gold and Silver Flat Awaiting Futures Expiry | stockpricetoday.com | The Truth Behind the Headlines | Scoop.it
The last Wednesday of every month is the expiration of futures contracts on the COMEX (NYSE:CME) and with the breakout from range last week by both Gold...
more...
No comment yet.