Wednesday, May 20, 2020
Silver Is Ensured A Prosperous 2020 Thanks To The Fed / Commodities / Gold & Silver 2020
In my previous article, I’ve written about how important US dollar movements are for future Silver prices. The chances of a significant Silver rally during US dollar strength is very low; and it is very high during US dollar decline.
The structure of the Silver bull market since 2001 has a lot in common with that of the 70s bull market. However, one of the important differences pertains to US dollar movements.
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Wednesday, May 20, 2020
WARNING: Shady “Rare” Gold and Silver Coin Dealers Are Circling Like Vultures / Commodities / Gold & Silver 2020
Nervous investors have been pouring into the gold and silver markets over the past two months.
Money Metals Exchange is proud to have helped almost 20,000 new customers with a precious metals purchase in recent weeks, many of whom came over from other dealers struggling with inventory shortages and ridiculous delivery delays.
A new wave of investors is getting the message; the Federal Reserve will never stop printing currency units and punishing savers with lower interest rates, Congress will never put deficits under control, and the government-terminated U.S. economy may not recover for years.
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Wednesday, May 20, 2020
It’s Not Only Palladium That You Better Listen To / Commodities / Palladium
Whenever one hears the words precious metals, gold and silver spring to mind. But this world is much richer, and precious metals don’t end with the yellow or white metal. The less well known cousins, platinum and palladium, can and do send valuable signals too. Before we examine silver, let’s take a look at something interesting in palladium.
The interesting detail is palladium’s weakness. This precious metal was the one that soared most profoundly in the past few years and while it recovered some of its 2020 declines recently, it appears to be back in the bearish mode as its unable to keep gained ground, even despite the move higher in the general stock market.
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Wednesday, May 20, 2020
It’s Make Or Break For the Crude Oil Bulls / Commodities / Crude Oil
Just like the precious metals market, black gold ended the previous week with a sizable upswing. The rally continued in the early Monday trading, as crude oil moved decisively above its previous April highs.
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Tuesday, May 19, 2020
DJIA Stock Market Technical Trend Analysis / Stock-Markets / Stock Markets 2020
Dow Short-term Analysis
The uptrend off the March 23rd low appears to be tiring, running out of steam, as evidenced by the MACD that is showing early signs of starting to roll over after having unwound ALL of it's earlier over sold state. So as I warned last week the Dow does appear to want to go lower rather than higher in the immediate future.
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Tuesday, May 19, 2020
US Real Estate Showing Signs Of Covid19 Collateral Damage / Housing-Market / US Housing
As we continue to digest economic and global data, our researchers have focused on Real Estate as we believe the contraction in the US economy, spanning corporate, main street, and millions of Americans, will quickly reflect in a slowing Real Estate market. Our researcher attempted to dive into the most recent data from Realtor.com (https://www.realtor.com/research/) to identify any trends or insights we could find to prepare for a broader contagion event.
Current data suggests the US Real Estate market has begun a dramatic slowdown even though the listing and pricing data does not reflect this data yet. In short, more homes are being pulled from active listings and those that are still listed are sellers that can wait out their price or are under pressure to sell because of other factors. Historically, Summer months typically result in a moderate decrease in price levels as more homes get listed for sale and “Days On Market” (DOM) lengthens. Something big is starting to take place almost everywhere in the US as current data suggests inventory is shrinking, price levels are still moderately high and DOM level has increased dramatically.
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Tuesday, May 19, 2020
Gold Stocks Fundamental Indicators / Commodities / Gold and Silver Stocks 2020
So here we are, with the sector leading the recovery out of the March crash during still-deflationary times. Inflation? It is not yet anywhere to be found, and that probably has a lot of inflation-centric would-be gold boosters on the sidelines. Someday, when these ladies are in full cheer with inflation signals rising, it will be time for caution.
Meanwhile, for years we have stuck to the real fundamental backdrop that would produce a real bull market in the gold stock sector (ref. the 2001 and Q4 2008 time frames).
Our handy ‘Macrocosm’ generally shows the most important considerations as the larger planets and the least important as the smaller ones. As the gold stock bull market starts to gain attention beyond we gold lunatics and enters the mainstream, I thought I would update each component of the Macrocosm.
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Tuesday, May 19, 2020
Global Market Insights You Need to Know Now / Stock-Markets / Financial Markets 2020
Hi,
You want your portfolio to make it through this crisis in one piece. Maybe even gain, if at all possible.
But the opinions you're hearing are all over the map. There is no precedent in modern investment history.
So, our friends at Elliott Wave International have offered up a free resource to help.
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Tuesday, May 19, 2020
Why This Wave is Usually a Market Downturn's Most Wicked / InvestorEducation / Elliott Wave Theory
The progression of mass emotions in financial markets "tends to follow a similar path each time around"
The Wave Principle's basic pattern includes five waves in the direction of the larger trend, followed by three corrective waves.
In a bull market, the pattern is five up, followed by three down. In a bear market, the pattern unfolds in reverse: the five waves trend downward and the correction trends upward.
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Tuesday, May 19, 2020
Gold Mining Stocks Flip from Losses to 5x Leveraged Gains! / Commodities / Gold and Silver Stocks 2020
The gold price made a new 2020 high today and looks poised to take out the nominal all-time high around $1,920 and then challenge $2,000 in the months ahead. Some are even estimating that gold could climb to $3,000 by year-end on account of the nearly $10 trillion in new money/debt/stimulus that is being created in the US alone to fight the pandemic.
This 2020 gold price target of $3,000 is a little too aggressive in my view, but I would not be surprised if gold reaches this level at some point over the next few years. Indeed, there seems to be no limit to the amount of new money the FED is willing to create and the government is willing to hand out in order to keep things afloat.
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Tuesday, May 19, 2020
Silver Price Begins To Accelerate Higher Faster Than Gold / Commodities / Gold & Silver 2020
Precious metals have been on our radar for many months and, if you’ve been paying attention, you probably already know our research suggests Gold and Silver are one of the best investments you can make right now. Recently, we shared this article suggesting Gold would need to rally above our proprietary Fibonacci Price Amplitude Arc (GREEN Arc) level near $1745 before it would attempt a bigger upside price move. Additionally, just a few days ago we published this article suggesting Silver would begin to rally even faster than gold.
Today, both Gold and Silver are making bigger upside price moves with Silver up over 3% while Gold is up 1.3%. We believe this nearly 250% faster Silver advance may be the start of what we have been predicting for many months – an incredible parabolic upside price advance in BOTH Gold and Silver.
Earlier research by our team suggested that a set up would happen in Precious Metals where Silver began advancing much faster than Gold and that this move would likely prompt a downside move in the Gold to Silver Ratio targeting the 50 to 65 level. Our earlier research suggests when this move/setup begins, we could begin to experience a nearly 250% to 350% rally in gold, targeting $3750 or higher, and a 550% to 650% rally in Silver, targeting over $70, over a 12+ month span of time. This article, today, is alerting our readers that we believe this SETUP is happening right now and the upside rally in precious metals should begin to really accelerate over the next 5+ months.
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Tuesday, May 19, 2020
Gold Will Soar Soon; World Now Faces 'Monetary Armageddon' / Commodities / Gold & Silver 2020
Mike Gleason (Money Metals Exchange): It is my privilege now to interview our good friend, Greg Weldon, CEO and President of Weldon Financial. Greg has decades of market research and trading experience specializing in the metals and commodity markets and he even authored a book back in 2006 titled Gold Trading Boot Camp where we accurately predicted the implosion of the U.S. credit market and urged people to buy gold when it was only $550 an ounce. He's made some fantastic calls over the last few years here on our podcast and it's great to have him back with us.
We did speak to you back at the end of February before all this madness started. At the time, COVID-19 had begun seriously impacting economic activity in global markets, maybe not so much in the U.S. Now, just two months later, more than 30 million people have filed for unemployment, GDP was deeply negative in the first quarter and figures to be even worse here in Q2. But the equity markets are acting as if the worst is behind us. We got a major correction followed by an almost relentless rally. Our take is that equity markets are completely disconnected from reality. They are hitched, instead, to the Fed's magic money machine. What is your take on how stock markets are behaving here, Greg?
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Tuesday, May 19, 2020
Is Crude Oil On the Way Up Now? / Commodities / Crude Oil
Crude oil soared higher yesterday and also in today’s pre-market trading, which shows you why it was a good idea to remain cautious yesterday, even despite crude oil’s breakdown below the rising support line.
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Monday, May 18, 2020
Gold Mining Stocks Fundamentals / Commodities / Gold & Silver 2020
The major gold miners’ stocks have rallied dramatically out of mid-March’s stock-panic lows, soaring to new bull-market highs. Their just-reported Q1’20 operational and financial results reveal whether today’s higher gold-stock prices are fundamentally justified. They also illuminate whether this gold-stock upleg is likely to continue powering higher, despite the catastrophic economic damage from governments’ lockdowns.
With officials around the world waging a scorched-earth war against this COVID-19 pandemic, the gold miners’ latest quarterly results are more important than ever. While this earnings season covered Q1’20, most gold companies didn’t release their quarterly reports until the last couple weeks. In them they had to disclose the ongoing impact of governments’ COVID-19 lockdowns current to those quarterlies’ release dates.
US securities regulations require American companies to report quarterly results by 40 calendar days after quarter-ends, a deadline that just passed this week. In Canada where the majority of the world’s gold stocks trade, that deadline is looser at 45 days. Unfortunately this year Canadian companies were granted the ability to extend their reporting by an additional 45 days to help cope with COVID-19’s impacts.
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Monday, May 18, 2020
Why the Largest Cyberattack in History Will Happen Within Six Months / Companies / Cyber War
The coronavirus is laying the groundwork for a massive cyberattack. In fact, I’m on record today saying we’ll see the largest cyberattack in HISTORY within the next six months.
Nobody is talking about this today. Fighting hackers is the last thing on most folks’ minds. But coronavirus practically guarantees “largest cyberattack ever” will soon be plastered all over the frontpages.
I’ll explain why in a second. And I’ll show you the proven pattern for making big money off cyberattacks. But first it’s important to understand the key to defending against hackers. Talk to any cyber expert and they’ll tell you a big chunk of time and money is spent on reducing their “attack surface.”
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Monday, May 18, 2020
New AMD Ryzen 4900x and 4950x Zen3 4th Gen Processors Clock Speed and Cores Specs / Personal_Finance / Technology
It's only a few more months to go for our wait for AMD's latest Intel destroying retail processors will be over! It's ZEN 3 4th Gen processors, the 4000 series that look set to do to Intel what the 3rd Gen did last year. Even now Intel's latest offerings, it's 10th Gen processors have NOT managed to catch AMD's 3rd Gen processors up, so AMD looks set to soon widen it's lead over Intel, and thus encourage many more users to make the leap from Intel to AMD. Even the more costly XE's with their 18 cores can't beat the 16 core 3950x so what hope did the 10 core i9 10900k have? Okay maybe for gaming just manages to edge the 3950x by a few percent given the hgiher boost clock speed of 5.3ghz but for productivity it comes nowhere near.
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Monday, May 18, 2020
Learn How to Play the Violin, Kids Activities and Learning During Lockdown / Personal_Finance / Educating Children
LOCKDOWN! What to do ? What about learning to play the violin. Here 6 year old Anika demonstrates what you can learn after just a few weeks of practice under lockdown.
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Sunday, May 17, 2020
The Great Economy Reopening Gamble / Economics / Coronavirus Depression
We knew the April US jobs data would be ugly. Speaking on ABC’s “This Week” program last Sunday, Minneapolis Federal Reserve Bank President Neel Kashkari predicted “the worst is yet to come.”
Kashkari is right; this won’t get better while so much of the economy is sidelined. The stay-at-home orders, while they help reduce coronavirus spread, have other side effects, too. Domestic violence increases, children miss educational opportunities, people with other health conditions go untreated. These are real problems.
The question is how to reopen without making the situation worse. Kashkari had some advice on that, too: “To solve the economy, we must solve the virus.”
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Sunday, May 17, 2020
Powell Sends a Message With Love for Gold / Commodities / Gold & Silver 2020
Powell gave a much-awaited speech yesterday, in which he sent one bearish and two bullish messages for gold. What exactly did he say and what does it mean for the yellow metal?
Powell Sends One Bearish and Two Bullish Messages for Gold
Jerome Powell gave a speech yesterday at the Peterson Institute for International Economics. The Fed Chair acknowledged the unprecedented depth of the coronavirus crisis, and its disastrous impact for the US labor market, something we also noted many times:
Sunday, May 17, 2020
An Economic Renaissance Emerges – Stock Market Look Out Below / Stock-Markets / Stock Markets 2020
Our researchers believe the US stock market has potentially ended the “relief rally” phase where the US Fed stimulus pushed prices off the recent lows and upward towards key Fibonacci retracement levels and will soon engage in a new price exploration phase. We believe this new phase will attempt to properly value the “solvency” question that has become one of the top discussions for our researchers.
The Solvency question equates to this simple issue… How can individuals, companies, states, and other entities continue to operate with greatly reduced income/revenues, moderately high debts, and liabilities throughout a process of an extended shutdown? Certainly, the option of adding more debt to ease the short term pain of lost revenues may be a solution, but we believe this issue is much bigger than these traditional short term solutions. We believe the COVID-19 virus event is presenting a shift in traditional thinking for many economists, individuals, and enterprises.
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