Wednesday, February 24, 2021
Why Isn’t Retail Demand for Silver Pushing Up Prices? / Commodities / Gold and Silver 2021
By: MoneyMetals
Metals markets continue to diverge this week, with copper and platinum adding to recent breakout gains while gold struggles to find footing.
During this week’s selloff, gold revisited its lows from last November. A support level exists at $1,750, but momentum selling could take prices down a bit further before technical gauges flash deeply oversold signals.
Turning to silver, the white metal continues to show relative strength versus gold, although prices haven’t actually moved much over the past few trading days.
Despite lackluster returns in most of the precious metals so far in 2021, inflation pressures are pointing upward. On Wednesday, the Labor Department reported that U.S. wholesale prices surged by 1.3% in January.
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Wednesday, February 24, 2021
2 Stocks That Could Win Big In The Trillion Dollar Battery War / Companies / Lithium
By: OilPrice_Com
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Tuesday, February 23, 2021
US Economic Trends - GDP, Inflation and Unemployment Impact on House Prices 2021 / Housing-Market / US Housing
By: Nadeem_Walayat
GDP
The US economy is recovering fast from the corona crash with annualised GDP down just 2.8% for Q3, a remarkable performance and far better than most western nations.
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Tuesday, February 23, 2021
Why the Sky Is Not Falling in Precious Metals / Commodities / Gold and Silver 2021
By: Submissions
Stocks are predictably staging a continued recovery from the mostly sideways correction – a shallow one not strong enough to break the bulls‘ back. Credit markets are largely behaving – with the exception of long-term Treasuries, which I see as highly likely to draw the Fed‘s attention – just as I discussed in detail yesterday.
The S&P 500 keeps doing fine, and so does my open position there – in the black again. On one hand, volatility remains low regardless of intraday attempts to rise, on the other hand, the put/call ratio has risen quite high yesterday – it‘s as if the traders are expecting a shoe to drop, similarly to the end of Jan. Will it, is there any on the horizon?
Treasuries at the long-end are falling like a stone, and those on the short end (3-months) are seeing higher prices in 2021. The bond market is clearly under pressure, and exerting influence primarily upon precious metals (and commodities such as oil, which are experiencing a down day today, after quite a string of foreseeable gains).
The bearish sentiment in gold and miners is running rampant, and it‘s been only yesterday when I answered a question on ominous head and shoulders patterns in the making, at my own site.
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Tuesday, February 23, 2021
7 Things Every Businessman Should Know / Companies / SME
By: Allen Brown
Entrepreneurs are the backbone of a thriving economy. They create solutions, jobs, and a better standard of living. However, it is not easy to find success as an entrepreneur, and the primary reason for that is a lack of proper mentors. So, here are a few tips that you could use to become a successful entrepreneur that could come in handy until you find a mentor or unleash the secrets of the business world yourself!
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Tuesday, February 23, 2021
For Stocks, has the “Rational Bubble” Popped? / Stock-Markets / Stock Market 2021
By: Paul_Rejczak
Matthew Levy writes: In keeping with last week’s theme, the market has mainly traded sideways this week. However, that correction I’ve been calling for weeks? We have potentially started.
While I don’t foresee a crash like we saw last March and feel that the wheels are in motion for a healthy 2021, I still maintain that some correction before the end of Q1 could happen.
Bank of America also echoed this statement and said last week that “We expect a buyable 5-10% Q1 correction as the big ‘unknowns’ coincide with exuberant positioning, record equity supply, and as good as it gets’ earnings revisions.”
Yes, the sentiment is still positive. That won’t change overnight. Vaccines seem more effective than we thought, especially against other variants of the virus. All that extra stimulus money and record low-interest rates could keep pushing stocks to more records and stimulate pent-up consumer spending. It’s not like the Fed is going to switch this policy up anytime soon, either.
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Tuesday, February 23, 2021
Will Biden Overheat the Economy and Gold? / Commodities / Gold and Silver 2021
By: Arkadiusz_Sieron
Under the Biden administration the economy could overheat, thereby increasing inflation and the price of gold.In January, Biden unveiled his plan for stimulating the economy, which is struggling as the epidemic in the U.S. continues to unfold. Pundits welcomed the bold proposal of spending almost $2 trillion. Some expenditures, especially on vaccines and healthcare, sound pretty reasonable. However, $1.9 trillion is a lot of money! And a lot of federal debt , as the stimulus would be debt-funded!
So, there is a risk that Biden’s package would overheat the economy and increase inflation . Surprisingly, even some mainstream economists who support the deficit spending, notice this possibility. For instance, former Treasury Secretary Larry Summers, said that Biden’s stimulus could lead the economy to overheat, and that the conventional wisdom is underestimating the risks of hitting capacity. Although he doesn’t oppose the idea of another stimulus, Summers noted that “if we get Covid behind us, we will have an economy that is on fire”.
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Tuesday, February 23, 2021
Precious Metals Under Seige? / Commodities / Gold and Silver 2021
By: Rambus_Chartology
Lets start with the daily bar combo chart for the PM complex which shows the August trading range still under construction making lower lows and lower highs for the most part.
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Tuesday, February 23, 2021
US House Prices Trend Forecast Review / Housing-Market / US Housing
By: Nadeem_Walayat
Did the coronavirus pandmeic deliver the perma bears their US house prices crash that they have been crowing so loudly for for over a decade now?
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Tuesday, February 23, 2021
Lithium Prices Soar As Tesla, Apple And Google Fight For Supply / Commodities / Lithium
By: OilPrice_Com
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Monday, February 22, 2021
Stock Markets Discounting Post Covid Economic Boom / Stock-Markets / Stock Market 2021
By: Nadeem_Walayat
The stock market has continued to confound all of the doom merchants out there who blindly continue to point to the worst economic contraction since the great depression if not in history for most western economies. All whilst the Dow pushed its way to a new all time high into the end of 2020 and has continued to march ever higher during 2021 in response to which most investors have faced a barrage of that messages that the bubble is always about to burst, whilst my Patrons have received an unequivocal consistent message that this bull market has a long ways to go and that investors should not look a gift horse in the mouth when all of the stocks on my AI list were typically marked down by over 1/3rd against their Pre pandemic trading levels during March 2020.
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Monday, February 22, 2021
Economics Is Why Vaccination Is So Hard / Economics / Coronavirus 2021
By: Patrick_Watson
When a house burns down, it affects more than just the owner, occupants, and even the neighbors.
Quick, efficient firefighting is a public good. Stopping contagious diseases is another public good. The public interest demands all fires—in all forms—be extinguished before they spread.
Now we have COVID-19 vaccines that, while imperfect, are generally safe and effective. We should deliver them with the same urgency with which we send fire trucks to every blaze.
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Monday, February 22, 2021
Pivotal Session In Stocks Bull Bear Battle / Stock-Markets / Stock Market 2021
By: Ricky_Wen
Wednesday’s session was more of the same as it was another expected consolidation. If you recall, it was only day #2 of the pattern so patience Is needed given the past 2 weeks’ V-shape performance totaling +8% from the 3650s low to the 3950s high on the Emini S&P 500 (ES).
Today should be an pivotal session given that both sides are trying to win the battle here. Bulls are trying to stabilize a temporary low so the train can finalize a route towards new all time highs again. Bears are trying to break below last week’s low and below the trending daily 20EMA to cause a derailment.
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Monday, February 22, 2021
Gold’s Downtrend: Is This Just the Beginning? / Commodities / Gold and Silver 2021
By: P_Radomski_CFA
With the yellow metal just posting its lowest close since June and a bearish pattern forming, how vulnerable is gold to a further decline?
Gold and mining stocks just broke to new yearly lows – as I warned you in my previous analyses. And that’s only the beginning.
Let’s jump right into the charts, starting with gold.
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Monday, February 22, 2021
The Most Exciting Commodities Play Of 2021? / Commodities / Lithium
By: Submissions
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Monday, February 22, 2021
How to Test NEW and Used GPU, and Benchmark to Make sure it is Working Properly / Personal_Finance / Computing
By: HGR
Here's how to quickly test to make sure your NEW GPU be it a RTX 3060ti, 3070, 3080 or 3090 (if you have money to burn) is working or maybe you bought second hand off ebay, note I don't mention AMD 6000 series GPU's because their availability is so poor that the chances of being about to buy one are near zero. Nevertheless here is what you need to do to test your NEW GPU to make sure it is working properly in terms of operating temps and any screen artifacts.
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Sunday, February 21, 2021
US House Prices Vaccinations Indicator / Housing-Market / US Housing
By: Nadeem_Walayat
In my opinion one of the primary indicators for economic recovery for the US and the rest of the world is the percentage of the the adult population that has been vaccinated, and especially the segment of the population at highest risk of hospitalisation and death from covid-19 i.e. the over 50's. In which respect US vaccinations currently stand at 6.2 million with approx 1 million americans being vaccinated per day (1st dose) or about 0.3% of the population. Which frankly is just not good enough. So unless things step up a gear perhaps after Biden takes office then under the current pace the US is not going to have vaccinated 50% of the population until late May and that is just with the first dose!
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Sunday, February 21, 2021
S&P 500 Correction – No Need to Hold Onto Your Hat / Stock-Markets / Stock Market 2021
By: Submissions
Yesterday‘s bearish price action in stocks was the kind of shallow, largely sideways correction I was looking for. Not too enthusiastic follow through – just rocking the boat while the S&P 500 bull run goes on. Stocks are likely to run quite higher before meeting a serious correction.
As I argued in yesterday‘s detailed analysis of the Fed policies, their current stance won‘t bring stocks down. But it‘s taking down long-term Treasuries, exerting pressure on the dollar (top in the making called previous Monday), and fuelling commodities – albeit at very differnt pace. The divergencies I have described yesterday, center on weak gold performance – not gaining traction through the monetary inflation, instead trading way closer in sympathy with Treasury prices.
Gold has frontrunned the other commodities through the corona deflationary shock, and appears waiting for more signs of inflation. It didn‘t make a final top in Aug 2020, and a new bear market didn‘t start. It‘s my opinion that thanks to the jittery Treasury markets, we‘re seeing these dislocations, and that once the Fed focuses on the long end of the curve in earnest, that would remove the albatross from gold‘s back.
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Sunday, February 21, 2021
Gold Setting Up Major Bottom So Could We See A Breakout Rally Begin Soon? / Commodities / Gold and Silver 2021
By: Chris_Vermeulen
There has been quite a bit of chatter related to precious metals lately. The rally in Cryptos, particularly Bitcoin, and various other stocks have raised expectations that Gold and Silver have been overlooked as a true hedging instrument. As these rallies continue in various other stocks and sectors, Gold and Silver have continued to trade sideways over the past 6+ months – when and how will it end?
Gold Support Near $1765 May Become A New Launchpad
My research team and I believe the recent downside trend in Gold has reached a support level, near $1765, that will act as a launching pad for a potentially big upside price trend. This support level aligns with previous price highs (May 2020 through June 2020) after the Covid-19 price collapse, which we believe is an indication of a strong support level. As you can see from the Gold Futures Weekly chart below, if Gold price levels hold above $1765 then we feel the next upside rally in metals could prompt a move targeting $2160, then $2400.
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Sunday, February 21, 2021
Owning Real Assets Amid Surreal Financial Markets / Stock-Markets / Financial Markets 2021
By: MoneyMetals
In the current market environment, little else matters other than momentum. What’s moving up gets chased higher still by investors. And what can be moved up by any means is pursued by speculators who hope to jump-start a momentum trade.
It’s all being fueled by cheap money and government “stimulus.”
The consequences?
The U.S. stock market trades at an historically high premium to GDP (the so-called “Buffett indicator”).
Speculative trading frenzies in stocks such as GameStop defy any kind of fundamental analysis.
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