Monday, June 14, 2021
AI Stocks Strength vs Weakness - Why Selling Google or Facebook is a Big Mistake! / Companies / AI
By: Nadeem_Walayat
Stock market corrections are useful in gauging what is going on under the hood of corporations long before any information makes it into the public arena. For instance looking at the relative strength of the top 5 AI stocks shows Google and Facebook showing relative strength, whilst Apple and Amazon are showing relative weakness with Microsoft in the middle. What this is saying is that one should definitely NOT make the mistake of Selling Google or Facebook! Whilst as expected in my last AI stocks update Apple and Amazon are looking tired and so are unlikely to start galloping higher any time soon and thus set to under perform for some time. whilst Microsoft is doing its own thing somewhere in the middle.
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Monday, June 14, 2021
The Bitcoin Crime Wave Hits / Currencies / Bitcoin
By: EWI
The conviction gripping bitcoin's ascendancy is so deep that children are now being indoctrinated into the bullish fold. We talked about this phenomenon with respect to the stock market last month. This Bloomberg column from May 16 signals its arrival in the cryptocurrency world: "Why I Pay My Seventh Grader in Bitcoin." The columnist claims he wants his "kids to be able to think independently about money" and "feel the full spectrum of feelings that money induces." Sure, why not feel the burn of the real world? Besides, the big kids are doing it, too. According to MarketWatch, "As Bitcoin and Dogecoin Plummet, College Students" are "Going Long on Crypto." According to a survey by College Finance, "more than 60% of college students and recent graduates see crypto as a long-term investment."
In April, EWFF showed two magazine covers' positive portrayal of bitcoin and other cryptocurrencies. We labeled it bearish for bitcoin's immediate prospects. Last month, we added that bitcoin's "Great Arrival" into the "mainstream" of finance confirmed this forecast. One of the signals of cryptocurrencies' acceptance into the financial establishment was Coinbase Global Inc.'s emergence as a publicly traded company. On May 19, with bitcoin down more than 53% from its high, Bloomberg observed the following about the premier cryptocurrency trading platform:
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Monday, June 14, 2021
Gold Time for Consolidation and Lower Volatility / Commodities / Gold and Silver 2021
By: Jordan_Roy_Byrne
Gold endured a 20% correction over eight months. A 15% rebound followed that in two months. It has retraced some, but not a majority of the losses.
This action is all part of the handle of a super bullish cup and handle pattern.
The handle itself is part of a much larger bullish consolidation, but the market is approaching resistance within the handle.
Below we plot GDXJ, GDX, Gold, and Silver.
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Monday, June 14, 2021
More Banks & Investors Are NOT Believing Fed Propaganda / Stock-Markets / Financial Markets 2021
By: MoneyMetals
As inflation continues to heat up, gold and silver markets are once again on the verge of breaking out.
On Thursday, the Bureau of Labor Statistics released much-anticipated Consumer Price Index data. The CPI came in at a full 5.0% year over year through May.
The so-called “core” rate, which excludes food and energy, showed an annual increase of 3.8%. That represents the biggest jump since all the way back in 1992.
Meanwhile, Federal Reserve officials continue to downplay the inflation threat. They insist the recent surge is transitory and doesn’t reflect a major trend to come.
But as Denver’s local 9NEWS reported, not all economists are echoing the Fed’s messaging on inflation.
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Monday, June 14, 2021
Market Inflation Bets – Squaring or Not / Stock-Markets / Financial Markets 2021
By: Monica_Kingsley
S&P 500 shook off another record making inflation reading, and bond markets couldn‘t be happier. Volatility is back down, but the option traders turned cautious – that‘s fodder for the next upswing eventually. Many signs are pointing towards it – emerging markets rising with the dollar on the defensive, for example. Yes, the dollar with yields are key to watch now.
S&P 500 was led higher by Nasdaq, which more than welcomed further retreat in yields. The tech led rally is here, and value while not down and out, is taking a breather. Especially financials don‘t like the move in yields, and we aren‘t at the 1.40% mark on 10-year Treasury bond yet. The summer lull in bonds is here, and my views on inflation getting permanently elevated, Fed‘s taper plays, bond yields retreat, inflation rearing its ugly head later this year before a growth scare strikes, can be found in the Latest Highlights and this week‘s articles amply discussed.
So, stocks don‘t look like retreating, as the bond market momentum doesn‘t favor much downside, and tech would likely overpower that.
Let‘s briefly check the reactions of other markets to yesterday‘s well telegraphed CPI springboard theme in stocks and precious metals.
Monday, June 14, 2021
Is Gold Really an Inflation Hedge? / Commodities / Gold and Silver 2021
By: Arkadiusz_Sieron
Inflation is back, and that’s usually depicted as good for gold. But is the yellow metal still a hedge against inflation, or has something changed?Inflation has returned. This is partly understandable. After all, during the Covid recession , consumers and businesses accumulated a lot of cash as their spending was reduced, while revenues were sustained by money transfers from the government. These funds are now entering the economy, which makes demand grow much faster than supply, thus boosting prices. After some time, supply may catch up, curbing inflation. However, there is an important risk that inflation will turn out to be higher and/or more permanent than many analysts believe.
From the fundamental point of view, gold should benefit from higher inflation. But why? In theory, there are several channels by which inflation supports the yellow metal. First, the inflationary increase in the money supply makes all goods and services more expensive, including gold. Indeed, the scientific paper by Lucey and others finds a reliable long-run relationship between gold and the US money supply.
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Monday, June 14, 2021
The FED Holds the Market. How Long Will It Last? / Stock-Markets / Financial Markets 2021
By: P_Radomski_CFA
With investors discrediting fundamentals to follow the FED’s instruction, it seems everything relies now on a few people’s say-so.
It's a Bird, It's a Plane, It's the FED
With Jerome Powell, Chairman of the U.S. Federal Reserve (FED), donning his cape like Superman and his monetary crew akin to The Avengers, investors’ faith in the FED was on full display on Jun. 10. Case in point: with the headline Consumer Price Index (CPI) surging by 4.93% year-over-year (YoY) – the highest YoY percentage increase since 2008 – the bond, stock and currency markets barely flinched.
The commodity PPI surged by 17.25% YoY in April. And if you exclude the 17.36% YoY jump in July 2008, it was the largest YoY percentage increase since December 1974. For context, the commodity PPI often leads the headline CPI and that’s why tracking the former’s movement is so important. Moreover, reconnecting with the green line implies a ~5.50% YoY percentage increase in the headline CPI.
Friday, June 11, 2021
Coinbase vs Binance for Bitcoin, Ethereum Crypto Trading & Investing During Bear Market 2021 / Currencies / cryptocurrency
By: Nadeem_Walayat
To profit from the post crypto mania bubble top crash bear market has me seeking deposit thousands of pounds onto exchanges to buy crypto's when cheap, two of the foremost exchanges are Coinbase and Binance, where unfortunately Coinbase is a big fat fail, is it goes out of its what to extract funds from customers that results in a piece of garbage trading and investing platform which is set against Binance, which actually swings too far in the other direction, making it far too easy for newcomers to trade on margin, and even options! But of the two as this video demonstrates Binance is the clear winner. What's more you can get 10% Discount on Binance transaction fees by signing up with his code LZ728VLZ or following this link https://www.binance.com/en/register?ref=LZ728VLZ
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Friday, June 11, 2021
Gold Price $4000 – Insurance, A Hedge, An Investment / Commodities / Gold and Silver 2021
By: Kelsey_Williams
After decades of concerted effort by governments and central banks, the focus away from gold as money has led to its characterization as an investment, a hedge, insurance, etc. Some still refer to it as a barbarous relic. Are any of these descriptions valid?
GOLD AS INSURANCE
There is a seemingly plausible argument for calling gold a hedge or insurance given volatile conditions in our society today. But the logic leading to those classifications ignores the single factor that affects the price of gold. That single factor is the actual loss in purchasing power of the paper money substitute in which gold is priced.
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Friday, June 11, 2021
What Drives Gold Prices? (Don't Say "the Fed!") / Commodities / Gold and Silver 2021
By: EWI
Excerpted from Elliott Wave International's new FREE report "Gold Investor's Survival Guide: 5 Principles That Help You Stay Ahead of Price Turns."
There is a glaring hole in the popular understanding of what drives gold's price.
Mainstream finance believes the Federal Reserve's monetary and interest rate policies shape the trend.
That sounds like a solid explanation... except, the Fed officials themselves disagree!
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Friday, June 11, 2021
Why You Need to Buy and Hold Gold Now / Commodities / Gold and Silver 2021
By: MoneyMetals
In the current environment of rising inflation and easy monetary policies, the value of gold could potentially go sharply higher from recent levels.
Unlike many traders out there, the successful gold investor has learned to “see the forest through the trees.”
Put simply, gold investors understand that the shiny yellow metal is not likely to go straight up in price. It can, however, be expected to trend higher and over time, moving well beyond all-time highs.
Modern investors, who have grown accustomed to the free-for-all that is the stock market, often find themselves asking why they ought to buy and hold gold. The savvy investor, on the other hand, understands that you cannot afford not to own gold bullion.
Friday, June 11, 2021
Big Pharma Is Back! Biotech Skyrockets On Biogen’s New Alzheimer Drug Approval / Companies / BioTech
By: Chris_Vermeulen
The FDA issued an accelerated approval status for Biogen’s new Alzheimer drug with specific requirements related to consumer use and results. In these cases, the FDA is allowing Biogen to move into a more open consumer trial where the results and side-effects of this new drug will be identified fairly quickly.
This new drug targets the plague in the heart and brain that is associated with Alzheimer’s. Over five million Americans live with some form of Alzheimer’s currently. The Alzheimers Association continues to provide detailed statistics related to how this disease relates to various segments of American society. You can read more about how big this announcement is in terms of how Alzheimer’s affects Americans in this 2019 Alzheimer’s Disease Facts And Figures report.
This news of a new Biogen Alzheimer’s drug has sent XBI skyrocketing – yet the news may not be enough to continue to trend across an entire market sector. The one thing that I would like to point out is that news of a single drug that has entered early-stage accelerated approval by the FDA does not make a new trend – it makes a news blip.
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Thursday, June 10, 2021
Top 5 AI Tech Stocks Trend Analysis, Buying Levels, Ratings and Valuations / Companies / AI
By: Nadeem_Walayat
This is part 2 of my recent extensive analysis focused on updated buying levels for my AI tech stocks portfolio going into the summer stock market correction, of what I will be looking to accumulate at what levels. Part 1 covered Tesla, ARk Funds and more - TESLA! Cathy Wood ARK Funds Bubble BURSTS!
Whilst the whole of this extensive analysis AI Stock Buying Levels, Ratings, Valuations and Trend Analysis into Market Correction was first been made available to Patrons who support my work.
Contents:
- TESLA
- Cathy Wood ARK Funds CRASH!
- India Apocalypse Heralds Catastrophe for Pakistan and Bangladesh
- Covid-19 in Italy in August 2019!
- Stock Market Early Summer Correction Trend Forecast
- Stocks Expensive or Cheap Indicator (EC)
- AI Stock Buy % Rating Review
- 1. GOOGLE - $2398
- 2. AMAZON - $3312
- 3. MICROSOFT - $252.5
- 4. APPLE - $130
- 5. FACEBOOK - $320
- 6. NVIDIA - $592.5
- 7. AMD - $78.8
- 11. IBM - $145.5
- 12. INTEL - $57.7
- AI Stocks Buying Levels Update May 2021
- So what am I going to do
- GPU Mining FREE MONEY!
- CHIA Crypto Farming with Your Hard Drives Insanity!
Thursday, June 10, 2021
Gold’s Inflation Utility / Commodities / Gold and Silver 2021
By: Gary_Tanashian
Gold is okay, but not yet unique
There are times when gold is an okay inflation hedge, while under-performing the likes of industrial metals, oil/energy, materials, etc. During those times, if you’re doggedly precious metals focused you should consider silver, which, as a hybrid precious metal/industrial commodity, has more pro-cyclical inflation utility than gold.
But as I have argued for much of the last year, if the inflated situation is working toward cyclical progress (as it is currently) then there is a world full of trades and investments out there to choose from, many of which are trouncing gold (which, as I have belabored for the better part of 2 decades now, is not about price but instead, value) in the inflated price casino.
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Thursday, June 10, 2021
The Fuel Of The Future That’s 9 Times More Efficient Than Lithium / Commodities / Energy Resources
By: OilPrice_Com
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Thursday, June 10, 2021
Challenges facing the law industry in 2021 / Companies / Sector Analysis
By: Sumeet_Manhas
After a rather challenging 2020 for everybody, it’s important to take a look at the upcoming challenges that the law industry is facing this year, along with ways to overcome them.
Coronavirus restrictions
The coronavirus pandemic has affected all sectors and industries throughout the past year and a half, with unpredictable changes for many. With many staff furloughed and unable to leave their homes, it’s been tough on the law industry trying to keep ahead with claims and provide exceptional service whilst running with a smaller number of staff.
Wednesday, June 09, 2021
SELL USDT Tether Before Ponzi Scheme Implodes Triggering 90% Bitcoin CRASH in Cryptos Lehman Bros / Stock-Markets / cryptocurrency
By: Nadeem_Walayat
USDT Tether! The crypto equovalent of Lehman bros, everythings fine until this ponzie scheme goes POP! Taking the whole crypto markets down with it by a good 90%! Find out in my latest video whats going to happen and why and what I am doing about it to protect myself from Crypto Lehman bros.
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Wednesday, June 09, 2021
Stock Market Sentiment Speaks: Prepare For Volatility / Stock-Markets / Stock Market 2021
By: Avi_Gilburt
While some of you think that I dismiss your comments to my articles, I will be honest with you that some comments make me think, whereas some just make me scratch my head.
Last week, I outlined one of the issues that many have with EW, and that is related to the provision of a primary count and an alternative count. And, I addressed that concern as follows:
Again, this is simply based upon a lack of understanding as to how Elliott Wave analysis works. I have addressed this argument many times before, but I think it is worthwhile to address it one more time.
First, one has to ask themselves if any methodology will provide "definitive" guidance in the financial markets? Remember, we deal with a non-linear environment, and need to apply a non-linear methodology to obtain the greatest success within such an environment.
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Wednesday, June 09, 2021
Gold Mining Stocks: Which Door Will Investors Choose? / Commodities / Gold and Silver Stocks 2021
By: P_Radomski_CFA
With the current situation suggestive of a Monty Hall problem, investors are clinging to the first, bullish door. But what if a different option is more likely?
The Monty Hall problem is a form of a probability puzzle, and what it shows is immensely unintuitive. Suppose you are on a game show, and you need to choose one of three doors. Behind one of them is a car and behind the others, goats. You pick a door, and then the host (who knows what’s behind them) opens one of the remaining doors, behind which there is a goat. The host now asks: “Do you want to change your door choice for the remaining doors?” So, what do you do?
It turns out that if you change the door, the probability of winning the car increases… two times! You have a 2/3 chance, instead of a 1/3. Tremendously unintuitive, indeed, but what if the same is happening on the market now? With a bullish prospect representing the door of the first choice, and the technicals and fundamentals the host’s help, wouldn’t it be safer to switch the door to win eventually?
Wednesday, June 09, 2021
Fed ‘Taper’ Talk Is Back: Will a Tantrum Follow? / Interest-Rates / US Federal Reserve Bank
By: MoneyMetals
‘Taper’ talk from the Federal Reserve is back in focus. But for now, it’s all talk and no action.
Last week, former New York Fed President William Dudley said the central bank will begin the process of tapering – winding down its monthly asset purchases – by year end.
While echoing current Fed policymakers’ position that the recent spike in prices is “transitory,” Dudley acknowledged the likelihood of inflation persisting above 2% longer term.