Thursday, August 13, 2020
Stock Market Correction Approaching / Stock-Markets / Stock Markets 2020
By: Andre_Gratian
Current Position of the Market
SPX Long-term trend: For now, the best guesstimate is that we are still in the bull market which started in 2009.
SPX Intermediate trend: We should be approaching an important high, with confirmation coming over the near term.
Analysis of the short-term trend is done daily with the help of hourly charts. It is an important adjunct to the analysis of daily and weekly charts which discuss longer market trends.
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Thursday, August 13, 2020
Silver Took the Stairs to $21 in 2008, Took the Escalator to $29 in 2010. Is Silver on the Elevator to the 120th floor today? / Commodities / Gold & Silver 2020
By: Robert_Singer
Disclaimer: The following is my opinion and is not intended as investment advice. I don’t know anything about bulls, bears, cycles, resistance, daily, weekly, monthly charting, micro or macro fundamentals and especially indicators like the EROI.
I have been waiting for Silver to take off since 2005 when I was sure the economy and the dollar were going to collapse. [1]
The economy should have gone south in 1980 when the Twins showed up. The twin deficits is a phenomenon wherein both the federal government’s balance and that country’s trade balance nosedive into negative territory.
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Thursday, August 13, 2020
President Trump Signs Additional COVID Relief – What To Expect from the Markets / Stock-Markets / Stock Markets 2020
By: Chris_Vermeulen
Up until the end of the last week, Republicans and Democrats were locked in heated negotiations regarding the size and scope of pending COVID-19 relief efforts. Our researchers had little hope that any negotiations would be successful given the two sides were so far away from one another in terms of wants and wishes.
On Saturday, August 8, 2020, President Trump signed a new Executive Order (and memorandums) to provide additional relief from the coronavirus that continues to spread in the US and around the world. These measures provide for as much as $400 in enhanced unemployment payments, and also offer Americans with temporary payroll tax relief, student loan deferments, and assistance to homeowners and renters.
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Thursday, August 13, 2020
Has Gold's Upward Drive Come to an End? / Commodities / Gold & Silver 2020
By: Donald_W_Dony
Following the July 08, 2020 Market Minute titled: What is driving gold up?. We highlighted the main factors pushing gold prices upward. Are those factors still there? And if so, how much further is the precious metal going to rise (Chart 1)?
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Thursday, August 13, 2020
YouTuber Ads Revenue & How to Start a Career on YouTube / Personal_Finance / Money Making
By: Submissions
Technology has changed the way people earn money. Influencers, YouTubers, social media personalities make money by simply talking to a camera, and creating funny content. YouTube places ads on the videos, which helps companies and the YouTubers get cash quickly. This is the dream job, and one many aspire to have. There are many ways to become famous on YouTube. People can even buy YouTube subs to get started (more information can be found at SocialBoss.org). Consult this guide to learn more about how much money YouTubers make and how to become a YouTuber.
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Wednesday, August 12, 2020
Silver Notches Best Month Since 1979 / Commodities / Gold & Silver 2020
By: Richard_Mills
Silver prices continue to gain this week, rising off the biggest monthly rally since 1979, amid a slew of factors that are pushing precious metals higher.
As of this writing, silver was nudging $27 an ounce, adding more momentum to its steep climb above $20, which began around the third week of July.
Silver last month gained an astonishing 35%, as investors sought shelter from pandemic turmoil and low or negative interest rates, while industrial demand for the metal recovered in some parts of the world. Its July performance, seen in the hockey stick-shaped graph below, makes silver the darling of the commodities complex.
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Wednesday, August 12, 2020
Silver Shorts Get Squeezed Hard… What’s Next? / Commodities / Gold & Silver 2020
By: MoneyMetals
The extraordinary run up in precious metals markets continues as silver makes some truly epic percentage gains while gold pushes further into record territory.
As of Friday morning, gold prices had pulled back but are still up 3.1% for the week to trade at $2,044 per ounce. Gold is advancing now for the ninth consecutive week, with the biggest pops occurring over the past three.
Silver, meanwhile, is going nearly vertical, today’s pullback to $28 notwithstanding. This week alone, the white-hot metal shot up a staggering 18% through Thursday’s trading to close at over $29 an ounce.
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Wednesday, August 12, 2020
A Tale of Two Precious Metal Bulls / Commodities / Gold & Silver 2020
By: Richard_Mills
This week gold prices have smashed one record after another, well surpassing the previous high set in 2011, of $1,920 an ounce.
At time of writing, spot gold’s last bid was $2,064.10.
The usual suspects are behind the surge, ie., worrisome covid-19 infections, geopolitical concerns especially US-China tensions over trade (President Trump tried to force China-owned TikTok into selling its US operations) and the South China Sea, fears of inflation on the back of unlimited monetary stimulus, and low interest rates worldwide.
Bullion prices have climbed more than 30% year to date, as investors choose gold as a safe haven amid widespread economic uncertainty created by the pandemic. They believe gold will hold its value better than other assets such as stocks and bonds.
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Wednesday, August 12, 2020
Stock Market Melt-Up Continues While Precious Metals Warn of Risks / Stock-Markets / Stock Markets 2020
By: Chris_Vermeulen
What a week for Metals and the markets, folks. The Transportation Index is up nearly 4% for the week. The Dow Jones Industrial Average is up over 3% for the week. Silver is up over 14% and reached a peak near $30 (over 23%). Gold is up over 2.5% and trading above $2025 right now – with a peak price level near $2090. If you were not paying attention this week, there were some really big moves taking place.
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Wednesday, August 12, 2020
How Does the Gold Fit the Corona World? / Commodities / Gold & Silver 2020
By: Arkadiusz_Sieron
For a long time, pundits talked excitedly about the rapid, V-shaped recovery. I never shared this view, finding it too optimistic and without basis in reality. Like Jeff Goldblum in Jurassic Park, I hate being right all the time, but it really seems that I was right about this issue. According to the July World Flash report by IHS Markit, we can read that “the new wave of infections has reduced the probability of a V-shaped cycle (…) and increased the risk of a double-dip recession (W-shaped cycle).”The problem is the rising number of Covid-19 infections in large economies such as Brazil, India, or the United States, as the chart below shows (there is also the resurgence in cases in other countries, such as Australia or Japan, although the absolute numbers of infections are smaller).
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Wednesday, August 12, 2020
3 (free) ways to ride next big wave in EURUSD, USDJPY, gold, silver and more / Currencies / Forex Trading
By: EWI
Hi Reader,
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Tuesday, August 11, 2020
A Simple Way to Preserve Your Wealth Amid Uncertainty / Commodities / Gold & Silver 2020
By: Nick_Barisheff
The term ‘unprecedented’ has been used to explain 2020 throughout the world. Whether it be the simultaneous triple bubble that is currently being experienced within equity, bond, and real estate markets, or the volume of quantitative easing deployed by central banks in order to combat Covid-19, 2020 has been an unprecedented year thus far to say the least. Safety and stability of capital has been difficult to find, as many volatility indicators, such as the VIX, continue to point towards future uncertainty. Gold, however, has gone against the grain in 2020, as it has continued its strong historical performance and has done an excellent job at preserving wealth. As of July 31, 2020, gold has appreciated 29.02% in US dollars (USD) and 33.20% in Canadian dollars (CAD). These results should not come as a surprise to investors, as gold has increased an average of 10.6% (USD) and 9.8% (CAD) since 2000. With tremendous upside available for gold amid future uncertainty within the markets, and a proven historical track record of strong performance, it is surprising that gold does not hold a larger allocation size within most investor portfolios.
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Tuesday, August 11, 2020
Precious Metals Complex Impulse Move : Where Is next Resistance? / Commodities / Gold & Silver 2020
By: Rambus_Chartology
Tonight I would like to go over some PM charts looking for a possible place for our current impulse move to find some strong resistance that could lead to the next consolidation phase. It’s not going to be easy as there are several possibilities that could work. Lets put the Chartology to work and see what we come up with.
There was something fairly rare last week that happened to gold which sliced through its 2011 all time high at 1920 like a hot knife through butter. Normally when an old high is reached there is usually some initial resistance even if the breakout is going to occur. Many times we’ll see a small consolidation pattern form just below the old high that will give the stock the energy it needs to finally takeout overhead resistance. There is another way that an important resistance line can be taken out and that is with a gap which doesn’t show up on the gold chart but there is a gap on GLD close to the 2011 high.
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Tuesday, August 11, 2020
Gold Miners Junior Stcks Buying Spree / Commodities / Gold and Silver Stocks 2020
By: Richard_Mills
Canadians, at least those fortunate enough to enjoy a long weekend, returned to their desks Tuesday to watch gold prices crack another milestone - $2,000 per ounce - as the spectacular summer rally for the precious metal continues.
At time of writing, spot gold’s last bid was $2,019.20, marking a $42 gain since Monday’s trading session. Silver prices also experienced a major leg up, with spot silver posting a $1.68 increase to $26.01, as of 17:05 Eastern time - a 7-year high.
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Monday, August 10, 2020
Has the Fed Let the Inflation Genie Out of the Bottle? / Economics / Inflation
By: MoneyMetals
The dramatic ascent of precious metals markets this summer reflects what could be just the start of a longer-term decline and fall in the Federal Reserve Note's value and status.
With gold prices surpassing $2,000/oz recently, the monetary metal has now made new all-time highs versus all the world’s major fiat currencies. Gold is, as former Federal Reserve chairman Alan Greenspan has acknowledged, the “ultimate money.”
The Fed, by contrast, is the ultimate inflator.
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Monday, August 10, 2020
The Strange Food Trend That’s Making Investors Rich / Companies / Retail Sector
By: Stephen_McBride
Have you tried Goldbelly yet? Goldbelly is “Uber” for iconic eateries across America. But unlike most delivery apps, which will hurry you a burger or burrito across town, Goldbelly will ship a fresh smoked salmon bagel from New York to LA!
Take Manhattan bagel shop Ess-a-Bagel, which has become a landmark in New York. Like most businesses, its doors shut when coronavirus came through.
But thanks to Goldbelly, Ess-a-Bagel has shipped over 600,000 of its oversized bagels across the US since lockdowns began. And it’s still shipping 6,000 a day! The bagels are flash-frozen and packed into a box with dry ice so they arrive nice and plump.
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Monday, August 10, 2020
Stock Market Proprietary Signals Flashing Warning Signs / Stock-Markets / Stock Markets 2020
By: Ricky_Wen
Wednesday was a gap-up and hold type of session as the Emini S&P 500 (ES) could not muster enough strength after advancing for about +0.4-0.5% over the prior day’s closing print by hovering in the 3310s-3320s. Basically, the price action has been telling us the range remains confined as it needs time to digest, reset and eventually attempt higher due to the ongoing trend.
The main takeaway from Wednesday and the prior day is that is that the upside targets have finally opened up given the current breakout above 3285/3300. However, the biggest concern is that our proprietary signals have been consistently warning us this week on its sustainability issue, so we must utilize the trending support levels and judge momentum in real-time. Essentially, as long as price action remains above trending supports then it’s the same old grind. However, if trending supports get taken out, things could change quickly into either another breakdown and mean reversion attempt or a prolonged consolidation again.
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Monday, August 10, 2020
Supply & Demand For Money – The End of Inflation? / Economics / Inflation
By: Kelsey_Williams
A current headline says “fears of currency debasement drive gold price higher”. Seems reasonable; and it is.
Historically, governments have been “debasing” their currencies for centuries. The debasement leads to a loss of purchasing power in the currency in use.
Since gold is original money and has proven itself to be a true store of value, then it should not be unexpected that gold’s higher price over time reflects that currency debasement.
The debasement leads to a loss of purchasing power in the currency in use.
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Monday, August 10, 2020
Revisiting Our Silver and Gold Predictions – Get Ready For Higher Prices / Commodities / Gold & Silver 2020
By: Chris_Vermeulen
If you have been following our research into Gold and Silver over the past years, then you were already prepared for the recent rally that has taken many investors by surprise. This year, 2020, Gold and Silver are set up to have their best year of price appreciation over the past 40+ years. It is no consequence that this is taking place right now. Our cycle research and our predictive modeling systems have helped us stay well ahead of this move. In fact, way back in early 2019, we were already warning this type of price move would take place and suggesting a target price level of $3750 for Gold was not out of the question.
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Monday, August 10, 2020
Storm Clouds Are Gathering for a Major Stock and Commodity Markets Downturn / Stock-Markets / Financial Markets 2020
By: Clive_Maund
Technical analyst Clive Maund charts warning signs of a Fed-driven stock market downturn. There is a now widespread, universally held belief, especially among "dumb money" market participants, that the markets cannot drop because the Fed is going to keep creating money in ever greater quantities to throw at them, pumping them higher and higher.
This erroneous belief appears to be based on an assumption that the Fed cares about the economy or the welfare of the citizenry, when the reality is that the reason it exists is as a "wealth transfer engine" whose prime function is to serve as a mechanism for transferring the fruits of the labor of the population at large to the elite cadre at the top of the pyramid—and they even have a pyramid on their Federal Reserve notes.
They achieve this through "systemic inflation," with a fiat money system in place now for many years that enables them to print unlimited quantities of money, which they gift in the first instance to themselves and their crony associates and large, favored corporations, and then let the rest out into the economy, with the tab for all this being pushed onto the hapless citizenry in the form of inflation. This is why the dollar has devalued by about 97% in purchasing power since the Fed came into existence in 1913.
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