Saturday, July 25, 2020
FREE Access to Premium Market Forecasts by Elliott Wave International / Stock-Markets / Financial Markets 2020
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Saturday, July 25, 2020
The Promise of Silver as August Approaches: Accumulation and Conversation / Commodities / Gold & Silver 2020
In this week's advisory, sector expert Michael Ballanger reviews the most recent market news, celebrates old-school communication techniques and offers strategies for investing in the dog days of summer.
As the month of July moves into its final ten-day stretch, I see NASDAQ records falling left and right as the drivers of fear that dominated in March are now "yesterday's news." Rising second waves of infection and death have been shunted aside in favor of a reborn optimism surrounding "vaccines" and "V-shaped data" and "added stimulus" and just about anything imaginable that can drive money into stocks.
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Friday, July 24, 2020
The Silver Bull Gateway is at Hand / Commodities / Gold & Silver 2020
We’ve been micro-managing silver lately in NFTRH and NFTRH+ updates and that is for a reason. The reason is that gold’s wild little bro has been rallying – in what is turning out to be 5 clear waves – since the March crash.
When that crash reversed, my view, and hence the NFTRH view was that it was likely to have been a horrifying shakeout of the silver bulls that due to its violence may well have sparked a bull market of some kind on the flush. We noted in real time that silver and precious metals mining stocks often make dramatic crash lows immediately preceding significant new rallies or bull markets. Silver was in an uptrend before the crash and that was a significant factor to a bullish view, post-crash.
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Friday, July 24, 2020
The Prospects of S&P 500 Above the Early June Highs / Stock-Markets / Stock Markets 2020
The announced S&P 500 upswing is underway, and the early June highs have been overcome on a closing basis. Will the regular trading's final hour sprint carry over into today's session? Are the bulls as strong as the one-sided result of Monday's trading suggests?
That's not a foregone conclusion, because we've seen quite a shift from Friday's sectoral dynamics. In today's analysis, I'll dive into the internals and lay out the case why the bulls still enjoy the benefit of the doubt, regardless of the persisting bearish sentiment and double top talk.
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Friday, July 24, 2020
How Silver Could Surpass Its All-Time High / Commodities / Gold & Silver 2020
Previously, I have shown how the Dow has actually outperformed silver and gold since the creation of the Federal Reserve in 1913.
Today, if silver had the same kind of performance as the Dow since around the creation of the Federal Reserve in 1913, then it would have topped out at $225.20 [(29568.6/78.78)*.6). Yet, it only topped out around $50 in 1980 and 2011.
In 1973 silver was in a similar type of position. The Dow had peaked at 1067.2 (in Jan 1973), which represented a X13.55 (1067.2/78.78) since 1913. If silver scored a similar performance, it would have had a peak of $8.128, yet its peak at that time (the beginning of 1973) was only around $2.56, which was achieved in 1968.
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Thursday, July 23, 2020
China Recovered in Q2. Will the Red Dragon Sink Gold? / Commodities / Gold & Silver 2020
China’s economy grew 3.2 percent in Q2 2020. The expansion was above expectations, but it does not have to sink gold.Last week, China reported that its economy grew 3.2 percent year-on-year in the second quarter of this year, following a 6.8 percent contraction in the previous quarter, as the chart below shows. Importantly, the actual growth rate beat the market expectations of a 2.5 percent expansion. The number is of great importance also because China is the first major economy to report positive growth after the coronavirus pandemic and the Great Lockdown. So, the Chinese data bode well for the U.S. and other countries, where the epidemic started later.
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Thursday, July 23, 2020
UK Covid19 MOT 6 Month Extensions Still Working Late July 2020? / Personal_Finance / Motoring
Are UK covid-19 MOT auto extensions still working as of late July 2020? After all they are supposed to imminently end. Find out in this video of a Land Rover Discovery Sport that's due for an MOT on the 26th of July 2020. Has it been extended by 6 months or not?
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Thursday, July 23, 2020
How Did the Takeaway Apps Stocks Perform During the Lockdown? / Companies / Sector Analysis
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Thursday, July 23, 2020
US Stock Market Stalls Near A Double Peak / Stock-Markets / Stock Markets 2020
The US stock market stalled early this week as earnings started to hit. A number of news and other items are pending with earnings just starting to roll in. There have been some big numbers posted from JP Morgan and Goldman Sachs. Yet, the markets have reacted rather muted to these blowout revenues.
We believe this is a technical “Double Top” set up in the making. The NASDAQ has been much weaker than the S&P and the Dow Industrials. We believe the US stock market is reacting to the reality of earnings and forward guidance after the recent rally in price levels over the past 9+ weeks. If we are correct and this Double-Top pushes price levels lower, then this technical resistance level may become the price ceiling headed into Q3 and Q4 2020.
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Thursday, July 23, 2020
Parking at Lands End Car Park Cornwall - UK Holidays 2020 / Personal_Finance / Holidays
Lockdown has ended and a mad rush is on to go on holiday in the UK. So if your holidaying in Cornwall or Devon then probably at the top of your must do list is a visit to Lands End, situated right on the very westerly tip of England. Here's what it's like to park at Lands End car park. though be warned it carries a hefty £6 parking charge which in my opinion can be avoided by parking on the road about 1 mile away.
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Thursday, July 23, 2020
Translating the Gold Index Signal into Gold Target / Commodities / Gold & Silver 2020
Last week, we wrote that gold miners flashed an “extremely overbought” signal, which they had only flashed once in the past – almost right at the 2016 top. The Gold Miners Bullish Percent Index recently moved to the highest level that it could reach – 100.
The only other case when the index was at 100, was in mid-2016.
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Thursday, July 23, 2020
Weakness in commodity prices suggests a slowing economy / Commodities / Commodities Trading
As the world's economic engine starts to recover from the COVID-19 pandemic, the demand for certain key commodities are a good indicator of the rebound strength.
The S&P GSCI Commodity Index (Chart 1) is a collection of 24 commodities from all commodity sectors (energy products, industrial metals, agricultural products, livestock products and precious metals).
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Wednesday, July 22, 2020
This Stock Market Stinks - But Not Why You May Think / Stock-Markets / Stock Markets 2020
I have been on vacation this last week, and when I had some downtime and the family was asleep, one of the activities in which I engaged was to peruse the articles written over the last week on the market. (Yea, I know... call me a nerd if you like). And, during my reading, I came to the realization that there is certainly a lot of manure being flung around of late.
Ultimately, I am just shocked that there are so many perspectives being presented as support for a bearish or bullish position that make it so clear that the author is not burdened by the facts.
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Wednesday, July 22, 2020
Protracted G7 Economic Contraction – or Multiyear Global Depression / Economics / Coronavirus Depression
Global growth prospects are deteriorating. Instead of a V-shaped recovery in the 2nd quarter, advanced economies will face historical carnage and a prolonged contraction. But there’s still worse ahead.
Current estimates for major advanced economies remain too optimistic, due to the mismanagement of the COVID-19, belated responses and premature exits, which have now caused far-earlier-than-expected secondary virus waves. As a result, the hoped-for V-shaped recovery will not happen in the 2nd quarter.
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Wednesday, July 22, 2020
Gold and Oil: Be Aware of the "Spike" / Commodities / Gold & Silver 2020
"Hope and fear look different on a chart"
Recently in these pages, we noted that bull markets in stocks tend to end with "a subtly slowing ascent" rather than with a final "spike" higher, as many investors believe. Historical examples were provided.
It was also pointed out that, by contrast, commodities do tend to end major uptrends with a price spike.
The Wall Street classic book, Elliott Wave Principle: Key to Market Behavior, by Frost & Prechter explains why (keep in mind regarding the quote from the book that fifth waves are the final wave in the main trend of a financial market):
Wednesday, July 22, 2020
US Online Casino Demographics: Who Plays Online For Money? / Personal_Finance / Gambling
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Tuesday, July 21, 2020
Machine Intelligence Quantum AI Stocks Mega-Trend Forecast 2020 to 2035! / Stock-Markets / AI
This is the third and final article in my 3 part series of analysis that concludes in a detailed 15 year stock market trend forecast for AI stocks, including a stand alone forecast for Alphabet (Google) into 2027.
Part 1 The AI Stocks Mega-trend - Moores Law is NOT Dead!
Part 2 Tech Stocks Trending Towards the Quantum AI EXPLOSION!
However the whole of this extensive analysis was first made available to Patrons who support my work - Machine Intelligence Quantum AI Stocks Mega-Trend Forecast 2020 to 2035!.
- Why Investors Should Buy Deviations against the Bull Market Highs
- The AI Mega-trend - Moores Law is NOT Dead!
- QUANTUM COMPUTERS
- The Quantum AI EXPLOSION!
- Capitalising on the AI Mega-trend
- AI Stocks Mega-trend
- Formulating a AI Stocks Mega Trend Forecast
- AI Stocks Mega-tend 15 Year Trend Forecast Conclusion
- Dow Quick Technical Take
- Getting Started with Machine Learning
- Black Lives Matter Protests To trigger 2nd Covid-19 Wave?
Tuesday, July 21, 2020
How to benefit from the big US Infrastructure push / Economics / Infrastructure
The US economy continues to flounder like an East Coast freighter bashed by a mid-winter Nor-easter.
Fifty million claims is the latest unemployment milestone surpassed by the American workforce during the ongoing coronavirus pandemic that has drubbed the United States worse than any other country including China, where it started.
In a stark contrast of how the two biggest economies have fared, on Wednesday China reported its gross domestic product grew by 2.5% in the second quarter, beating analysts’ expectations and rebounding from a sickly first quarter when the country was assailed by the coronavirus. (Q1 output fell by 6.5%, the first quarterly GDP decline in China since 1992 when official records started being kept)
The news came as lockdowns to contain a second wave of covid-19 eased, and Beijing rolled out stimulus measures to keep its economy growing, including fiscal spending, cutting interest rates and lowering the amount of cash that banks must hold in reserve.
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Tuesday, July 21, 2020
Gold and gold mining stocks are entering a strong seasonal phase / Commodities / Gold & Silver 2020
You may have heard that gold typically rallies seasonally from the middle of the year. This trend is driven by jewelry demand, which increases ahead of the Christmas business, the Indian wedding season and the Chinese New Year celebrations on the back of advance purchases by jewelers, which tend to put upward pressure on prices.
But what about the seasonal trend in gold stocks? Since the earnings of gold producers are highly geared to the gold price, a relationship should be discernible.
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Tuesday, July 21, 2020
Silver Eyes Key Breakout Levels as Inflation Heats Up / Commodities / Gold & Silver 2020
Gold and silver markets advanced early this week, with silver leading the way. On Thursday, the metals sold off a bit as the U.S. dollar gained.
The major trend for the dollar, however, is down. The Dollar Index has been grinding lower since mid March, when it put in a spike high.
Silver finally broke through $19 level with a strong close above it on Monday. There hasn’t yet been much follow-through. Although silver has continued to close above $19, we’re not seeing a big momentum push higher.
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