Saturday, May 29, 2021

Bitcoin and Ravencoin Cryptos CRASH Bear Market Price Targets / Currencies / Bitcoin

By: Nadeem_Walayat

Whilst my in-depth analysis is pending completion, however I have been flagging for several months that the crypto's are in a bubble that will burst / crash / plunge enter into a bear market for which we received a taste of what to expect a few days ago. So my message and strategy has been NOT to hold any meaningful amount of crypto i.e. the only crypto I have is what I have mined with a couple of existing desktop PC's and even then most of the funds generated (80%) have been SPENT because I know that the price of most of not all crypto's is going to head a lot lower.

So in response to patron requests and in advance of my more in-depth analysis on the crypto space that is about 50% complete, then here are the approx range of buying levels that I have had penciled in for Bitcoin for sometime of where I would be tempted to look at actually buying Bitcoin with fiat, though attempts to fund my Coinbase account with fiat has so far failed but I will leave that for my next analysis.

Saturday, May 29, 2021

Silver SIL Global X Silver Miners ETF Fundamentals / Commodities / Gold and Silver Stocks 2021

By: Zeal_LLC

The silver miners’ stocks have mostly been consolidating high since last summer.  While they’ve enjoyed some sharp rallies, those have been within that sideways-grind trend.  That lack of overall upside progress has left this tiny contrarian sector out of favor, with apathy reigning.  But as their recently-reported Q1’21 operating and financial results revealed, silver stocks’ fundamentals and upside potential remain good.

There aren’t many major silver miners in the world, and only a handful are primary silver producers that derive over half their revenues from silver.  With such a small population, there are only a few silver-stock ETFs.  The leading one is still the SIL Global X Silver Miners ETF, which is also this tiny sector’s best benchmark.  But nearing the end of Q1’21’s earnings season in mid-May, it only held $1.3b in net assets.

Following a mighty upleg that peaked in early August at SIL $51.53, the silver stocks have largely drifted laterally since.  But their high trading range has been wide, encompassing both corrections and attempts at new uplegs.  Plenty of speculators and investors are still interested in this obscure sector, as evidenced by an amazing episode in late January.  That catapulted SIL a blistering 23.9% higher in just three trading days!

That was when Reddit’s famous wallstreetbets forum appeared to be starting to discuss engineering a silver short squeeze with massive retail buying.  At the time I wrote a whole essay analyzing that.  For our purposes today, that fascinating event proved that the right catalyst can still ignite big inflows into silver and its miners’ stocks.  Unfortunately SIL resumed correcting after that, slumping on balance into late March.

Saturday, May 29, 2021

Bitcoin: Here's the "$64,000 Question" / Currencies / Bitcoin

By: EWI

Will the cryptocurrency ever trade at its all-time again?

In the 1950s television game show, "The $64,000 Question," contestants answered general knowledge questions and the money they could earn doubled as questions became more difficult.

The show's title spawned the well-known phrase -- "that's the $64,000 question" -- which, as you probably know, means the crucial question which gets to the heart of a matter.

Well, "the $64,000 question" for bitcoin is: Will the cryptocurrency ever trade at its all-time of $64,899 again (which was reached on April 14 of this year)?

This is a top-of-mind question for many bitcoin investors who've seen the cryptocurrency bounce back from every "correction" since the start of its meteoric rise.

Friday, May 28, 2021

Stock Market Early Summer Correction Review / Stock-Markets / Stock Market 2021

By: Nadeem_Walayat

Five more small cap high risk stocks with the potential to X10 to invest in for 2021 and beyond, which follows on from my analysis of 9th of April How to Invest in HIGH RISK Tech Stocks for 2021 and Beyond featuring 5 stocks as I am seeking to replenish my portfolio after many former small cap high risk stocks have either been taken over or migrated into becoming 'safe' stocks such as Nvidia, AMD and TSMC, where the best of the new stocks in terms of current valuations was Corsair.

Friday, May 28, 2021

GOOGLE (Alphabet) Stock Price Trend Analysis - Investing in AI Tech Stocks 2021 / Companies / Google

By: Nadeem_Walayat

Google has had a spectacular bull run to stand up 34% year to date! In terms of valuations Google's stock price is running a little ahead of itself on an EC of 49 against 44 in February. I consider a sweet buying spot for Google when EC is below 40 which would imply a fair price for Google around 2000. So Google is over priced at $2400, in terms of current earnings. In terms of a Buy %, Google is neutral on 50%.

Friday, May 28, 2021

Eerily Serene Risk off Financial Markets / Stock-Markets / Financial Markets 2021

By: Monica_Kingsley

S&P 500 had a mixed day, and the credit market underlines the shift to risk-off. Halfway shift, to be precise – the high yield corporate bonds recovered the intraday downside but value sold off all the way to the closing bell. Well, rising yields used to add to tech‘s problems since mid Feb, and retreating yields don‘t breathe enough life into the sector now. It‘s clearly visible that the high beta segments are facing the yields‘ headwinds while $NYFANG is in the black, but more than a little lagging.

The Treasury market reprieve I announced on May 18 to last more than a good few weeks, is here. While it works to lift tech and hamper value, the days of value doing fine are far from over as the VTV:QQQ ratio illustrates:

(…)  We‘re still in the value outperforming growth environment (reflation and reopening themes), it‘s just right now (last few days) that tech is pulling stronger ahead than value. ... Value‘s reaction to the yields trajectory ahead would be telling, and I have no doubts there is quite some more juice left in the long value trade (and that the Russell 2000 isn‘t rolling over to the downside here).

Emerging markets are welcoming the dollar woes and yields reprieve, and the Russell 2000 isn‘t too much of a drag either. VIX refused further downside yesterday, and is hedging off bets as much as the option players do – no change in prior trends here, just a move away from the complacent end of the spectrum. The stock bull run is still about dips being bought.

Friday, May 28, 2021

Covid India Black Mold Epidemic / Politics / Coronavirus 2021

By: N_Walayat

The Indian strain is fast becoming dominant in the UK which has the government implementing plans for a third booster dose later this year. Meanwhile India is seeing a new emerging nightmare consequence of covid-19 - black mold disease, an opportunist fungal disease which is related to high blood sugar levels i.e. diabetes which is at epidemic levels in India that now the black mold disease is capitalising upon due to immune system impaired covid-19 infections. Black Mold KILLs tissue and if untreated has a fatality rate of 94%! Far in excess of covid-19! Though it can be treated in the early stages with anti-fungal's but if left unchecked would require expensive specialist treatment i.e. surgical intervention to remove the dead tissue.

Friday, May 28, 2021

Stock Market Cycles Tipping From Euphoria To Complacency – Gold Setting Up For Rally Above $2000 Again? / Stock-Markets / Financial Markets 2021

By: Chris_Vermeulen

Gold has set up a very strong confluence pattern across multiple foreign currencies recently.  This upside confluence pattern suggests that Gold has now moved into a much stronger bullish price phase compared to various currency pairs.  This upside move in precious metals aligns very well with my broad market cycle phase research. I urge traders/investors to start paying attention as we transition into this new longer-term cycle phase.

Friday, May 28, 2021

Inflation Cools (For Now) Stagflation Awaits / Stock-Markets / Stagflation

By: Gary_Tanashian

To maintain the inflation, a cooling of inflation was needed

That is one of those Alice in Wonderland-like statements, like the one I’ve got tattooed on my left forearm: “Contrary-wise, what is it wouldn’t be and what it wouldn’t be it would, you see?”

To maintain inflationary policy, as per various talking Fed (egg) heads, the hysterical run up in inflationary expectations and fears had to be tamped down. And so, Google users have indeed eased their neuroses right along with a recent tamping of inflationary hysteria.

Friday, May 28, 2021

CPU Crypto Mining Profitability! 5950x Ethereum with Nicehash, is it worth it to mine for Bitcoins? / Currencies / Crypto Mining

By: HGR

Crypto mania is reaching new heights with the likes of Bitcoin trading to over $60,000 before the recent slump, which means virtually anyone with a decent ebough GPU in their PC can make money from their very own desktop computers. However what about your CPU, can that too make money to maximise income crypto craze? Can cpus generate enough hash rates to make them profitable as virtually all modern GPUs are?

Thursday, May 27, 2021

GOOGLE (Alphabet) Stock Price Trend Analysis / Companies / Google

By: Nadeem_Walayat

Google has had a spectacular bull run to stand up 34% year to date! In terms of valuations Google's stock price is running a little ahead of itself on an EC of 49 against 44 in February. I consider a sweet buying spot for Google when EC is below 40 which would imply a fair price for Google around 2000. So Google is over priced at $2400, in terms of current earnings. In terms of a Buy %, Google is neutral on 50%.

Thursday, May 27, 2021

The Shifting US Economy: AI and Automation Lead the Way / Economics / AI

By: Submissions

The Biden administration is 125 days old, and things certainly feel different. What strategies are you employing to take advantage of the shift?

Things often change temporarily before reverting to a mean. Just like market instruments, changing political ideals can, do, and will change, before ultimately reverting back to a mean, or an average state.

Labor force configurations have changed drastically, partially due to the pandemic. What was once everyone’s dream “to work from home”, went from a wish to a potentially harsh reality and has stayed there for many people.

Thursday, May 27, 2021

Are Silver Prices Really Cheap; And Does It Matter? / Commodities / Gold and Silver 2021

By: Kelsey_Williams

Proponents of silver and their expectations for a much higher price have talked for years about the reasons “silver is undervalued” (their words, not mine).

Whether it is a deficit in new production of silver or the gold-to-silver ratio, there is always something to talk about; so let’s talk.

Thursday, May 27, 2021

Looking Down the Rabbit Hole: The Soon Coming Stock Market Crash! / Forecasts / Stock Market 2021

By: Brad_Gudgeon

The charts below (SPX and GDX) show what I believe will happen into the month of June where I believe an important top will occur before a summer crash. The prognostication is not meant to take the place of the regular 2-3 e-mails I send out to my subs every day, but as generally expected future wave count with close projections for price and time projections as best I can determine based on the cycles of the past.

The first chart of the SPX shows the S&P 500 and its dramatic rising wedge pattern being formed since the Oct 30, 2020 bottom. I believe the orthodox E-Wave top occurred on April 16, 2021, with everything else being the irregular topping patterns that tend to occur right before a crash of note.

The big astrological implications for social-unrest, and a possible civil war and even a major world war, surround the 90-year passages of Saturn square Uranus (1931-32, 1861-62, 1771-72) and the 84-Year Cycle of Uranus in Taurus (1934-42, 1850-58, 1768-76), which are coming together here in the classic “Perfect Storm”.

Thursday, May 27, 2021

Bitcoin: More Volatility Directly Ahead? / Currencies / Bitcoin

By: EWI

Here's how Elliott wave analysis helps you prepare for cryptocurrency volatility

If there's a single word to describe bitcoin's price action, that word is "volatile."

Yet, those who invested roughly a year ago in the cryptocurrency -- and stuck with it -- have been hugely rewarded. (At least until very recently, as bitcoin traded more than 50% lower from its all-time high on May 19, as the price careened nearly 30% at one point on that day alone.)

Thursday, May 27, 2021

Are US Inflation Fears Destabilising the Global Markets? / Economics / Inflation

By: Sumeet_Manhas

The US dollar has enjoyed renewed highs of late, with this trend at least partially the result of forex positioning and a pronounced increase in net short positions as investors brace themselves for a depreciation in the value of the greenback.

However, this also betrays rising rates of US inflation, which recently peaked at 2.6% and pushed the dollar even higher against both the pound and the Euro.

But are rising inflation fears beginning to destabilise the global markets, and what does this tell us about the influence of inflation on stocks and shares throughout the world?

Wednesday, May 26, 2021

Gold: The Past Years Are Often the Best Guides / Commodities / Gold and Silver 2021

By: P_Radomski_CFA

As we know, history tends to rhyme. It’s never the same, but when you zoom out, the bigger picture often looks very similar. What does it mean for gold?

Short-term implications

With gold’s back-and-forth price action mirroring its behavior from 2012, the yellow metal is likely destined for devaluation.

Back then, gold zigzagged with anxiety before suffering a material drawdown. In fact, in early October 2012, it moved slightly above the initial highs right before sliding.

Moreover, while the yellow metal has bounced above its declining resistance line (the black line below), the price action mirrors gold’s behavior from early January. If you analyze the blue line below, you can see that investors’ optimism regarding gold’s short-term breakout quickly faded and the yellow metal sunk like a stone. In addition, with gold’s RSI (Relative Strength Index) moving slightly above 70 before the January swoon occurred, an identical development is already playing out in real time.

Wednesday, May 26, 2021

Inflation Easing, Now What? / Economics / Inflation

By: Monica_Kingsley

S&P 500 refused to keep early gains, and reversed back into no man‘s land – on little convincing volume. For now, we remain chopping below my 4,180s level, conquering which on a closing basis would a bullish achievement. Until that happens on convincing internals, fake moves in both directions would remain with us.

The Fed telegraphing the talk about talking taper is a first step in preparing the markets not to get surprised by the actual deed, but how far is that one really? Stocks, bonds and currencies aren‘t reacting much – it‘s only commodities that are in consolidation mode, but this can be chalked down to inflation expectations calming down over the prior three trading days. Until the Fed truly moves or makes its forward guidance as unequivocal as can be in this respect, the markets would be in a doubting attitude (or at a minimum, a wait and see one):

(…) The market simply isn‘t convinced the Fed is serious about taking on inflation through (gradual) removal of the punch bowl – or about shaping its forward guidance credibly this way (yet). Inflation expectations are cooling down a little, and the Treasury market is tracking them closely. But this doesn‘t mean that bonds are taking the central bank seriously – this move is part and parcel of the transitory vs. getting (practically permanently unless a Fed game changer arrives – still unlikely) elevated inflation readings debate.

While I think that the red hot CPI inflation would die down a little (i.e. not keep rising ever as steeply as was the case with Wednesday‘s data) once the year on year base to compare it against normalizes, a permanently elevated plateau of high and rising inflation would be a reality for more than foreseeable future simply because the Fed would be as behind as Arthur Burns was in fighting the 1970s inflation, and upward price pressures in the job market pressures would kick in.

Wednesday, May 26, 2021

Is it a Good Idea to Trade Penny Stocks - The Pros and Cons / Companies / Investing 2021

By: Sumeet_Manhas

The world’s financial market is continuing to evolve at a rapid pace, both in terms of trading volumes and the range of assets available to investors.

While commodities and forex trading are amongst the most popular assets, penny stocks also offer potential value to investors. These are known as relatively high-risk securities that boast a small market capitalisation value, while they’re amongst the most accessible assets in the financial market.

Wednesday, May 26, 2021

FREE Report - This Stock Strategy beat the market by 220% / Stock-Markets / Investing 2021

By: Submissions