Saturday, October 23, 2021
Gold Mining Stocks Q3 2021 / Commodities / Gold and Silver Stocks 2021
By: Zeal_LLC
The gold miners’ latest quarterly earnings season will soon get underway, with their full Q3’21 results due out by mid-November. These fundamental reports are invaluable to traders, revealing how companies are actually faring operationally and financially. Despite Fed-tightening fears hammering gold and gold stocks last quarter, the miners are likely to collectively report outstanding results further lowering their valuations.
After a rough stretch technically this past summer, gold-stock sentiment remains down in the dumps. This battered sector has few bulls left, with the vast majority of speculators and investors either ignoring the gold miners or despising them. This overwhelmingly-bearish psychology resulted from a sharp gold-stock selloff between early June to late September. That trying time tested the mettle of contrarian traders.
The gold miners weren’t market pariahs earlier this year. Their leading sector benchmark, the GDX VanEck Gold Miners ETF, powered 28.4% higher in just 2.5 months between early March to mid-May. That solid young upleg was starting to win some converts, with herd sentiment shifting back towards bullish. Unfortunately that promising start was torpedoed by extreme gold-futures selling on Fed-tightening fears.
Read full article... Read full article...
Saturday, October 23, 2021
Gold calmly continues cobbling its Handle, Miners lay in wait / Commodities / Gold and Silver 2021
By: Gary_Tanashian
You see, there is all this noise out there. It comes mostly from inflationists touting gold in the same breath as copper, as oil, and as commodities of all flavors (and aside from gold and to a degree, silver, those flavors are cyclical).
But you also see, gold is counter-cyclical in its best suit. You see on this monthly chart that gold has been forming its Handle to the bullish Cup ever since the inflation trades came to the fore in the summer of 2020. Therefore, you see that those touting gold and inflation together have been wrong for over a year now (and counting).
For those dealing in reality instead of dogma, gold is a candidate to break the Handle at any time. Then it would be off to the target at 3000+ over the course of a year or more. But reality holds another option as well, and that is to finish the Handle making lower.
So why not tune out the perma-pompoms in real time, realize that the thing is bullish, but the trigger is either coming sooner or later? We are doing that more focused work in NFTRH and associated updates every week and will be on the spot when the proper signals engage.
Read full article... Read full article...
Friday, October 22, 2021
US Economy Has Been in an Economic Depression Since 2008 / Economics / Economic Depression
By: Nadeem_Walayat
Wait things are even worse than that! You know the US GDP growth rate we are all bombarded with to illustrate the strength or weakness of the US economy, we'll it is just as FAKE as that which vomits out of the likes of the CCP.
Read full article... Read full article...
Friday, October 22, 2021
Extreme Ratios Point to Gold and Silver Price Readjustments / Commodities / Gold and Silver 2021
By: MoneyMetals
Kicking the can down the road is the new national pastime. Every time the government’s bills come due, officials at the Treasury Department find creative ways of paying them with money they don’t have.
One measure of just how overextended the United States has become financially is the debt to GDP ratio. For most of the country’s history, excluding temporary wartime blips, net general government debt tended to be less than 50% of the economy.
As recently as the early 1970s, debt as a percentage of GDP came in at under 25%. By the early 1980s, it grew to over 30% and fiscal hawks became concerned. In the 1990s, it climbed to over 40% and concern started morphing into alarm.
Read full article... Read full article...
Friday, October 22, 2021
Bitcoin $100K or Ethereum $10K—which happens first? / Currencies / Bitcoin
By: Stephen_McBride
What happens first… bitcoin to $100k or Ethereum to $10k?”That’s one of the many questions I get about crypto.
Bitcoin (BTC) and Ethereum (ETH) are far and away the two largest cryptos, worth roughly $1.4 trillion combined.
They’ve skyrocketed in value. If you had invested five hundred bucks into both cryptos five years ago, you’d be sitting on $180,000.
Today, bitcoin is roughly $55,000 per coin. Ethereum trades for around $3,500. My research shows both should continue to rise.
But which will hit their big milestone first?
Will bitcoin hit $100K—which is roughly double from here?
Read full article... Read full article...
Friday, October 22, 2021
This Isn’t Sci-Fi: How AI Is About To Disrupt This $11 Trillion Industry / Companies / Tech Stocks
By: OilPrice_Com
TikTok’s nearly 700 million users seek medical advice from random individuals and charlatans, since anyone can claim to be a medical expert on this raging social media machine.
Dr. Google is also working overtime, receiving more than one billion healthcare questions every day.
Web MD is recording over one billion searches a year, too.
When you combine this voracious hunger for digital diagnosis, symptom checkers and immediate medical assistance, with a global mobile app market whose revenues had already hit $365 billion in 2018, and are now on track to generate over $935 billion by 2023 ...
You get one of the best bets on disrupting the virtual medicine industry to date. You get Big Tech built by doctors for doctors in the Global Library of Medicine (GLM).
Read full article... Read full article...
Thursday, October 21, 2021
Ravencoin RVN About to EXPLODE to NEW HIGHS! Last Chance to Buy Before it goes to the MOON! / Currencies / cryptocurrency
By: Nadeem_Walayat
Ravencoin appears to be on the verge of a major move higher once it breaks above it's 200 day moving average on a closing basis at 0.11 (current price 0.1055). If we are lucky it will break the 100 day lower first before going higher i.e. into 0.065 to 0.078, but at this point that looks like a low probability. RVN looks like its about to go to the MOON! Your last chance to get onboard.
Read full article... Read full article...
Thursday, October 21, 2021
Stock Market Animal Spirits Returning / Stock-Markets / Stock Market 2021
By: Monica_Kingsley
S&P 500 prompt recovery confirms my bullish run thesis – above 4,520, and given my Feb announced year end target of 4,700, fresh ATHs are approaching. Get ready though for quite some volatility as the current lull won‘t last indefinitely – I‘m not looking for VIX at 15 to be broken to the downside on a closing basis, and wouldn‘t be surprised by another noticeable correction once the current upswing runs out of steam somewhat above prior ATHs.
So far so good, and the stock market run continues without marked credit markets confirmation as the risk-on turn there isn‘t complete (yet). Treasury yields aren‘t retreating, yet tech is the driver of the S&P 500 upswing while value keeps treading water. Encouragingly, financials do well – it‘s cyclicals‘ time, and the open S&P 500 long position is very solidly profitable already.
Commodities upswing continues, and precious metals (silver leading gold), are in the tow. Less so when it comes to silver, which is inspired by the great copper run. As if indeed silver was sniffing the copper awakening soon – strong copper long profits keep growing too. Crude oil refused to yield much ground, and any timid intraday move down, gets swiftly bought. Similarly cryptos aren‘t looking back.
Thursday, October 21, 2021
Inflation Advances, and So Does Gold — Except That It Doesn’t / Commodities / Gold and Silver 2021
By: Arkadiusz_Sieron
Inflation accelerated again in September, and gold prices (finally!) reacted positively. Bad news: the rally was short-lived.Unfortunately, I was right. One month ago, when commenting on the CPI readings for August, I wrote that inflation “doesn’t have to go away anytime soon” and that the economic developments suggest that “inflation isn’t disappearing just yet.” And here we are, one month later, with inflation accelerating again.
Indeed, the latest BLS report on inflation shows that the CPI rose 0.4% in September after increasing 0.3% in August. The core CPI, which excludes food and energy prices, also accelerated to 0.2% in September from 0.1% in the preceding month.
Read full article... Read full article...
Thursday, October 21, 2021
Why A.I. Is About To Trigger The Next Great Medical Breakthrough / Companies / Healthcare Sector
By: OilPrice_Com
The healthcare industry is one of the fastest growing in the world, but today, it's seeing a major disruption.
With everything from work meetings to family gatherings going digital since 2020, this mammoth $12 trillion industry is joining the new tech renaissance to deliver a much-needed overhaul.
That’s why trillion dollar Big Tech companies like Google, Amazon, and Apple are all trying to make a move into healthcare.
Now, the way people make decisions about their health is beginning to look drastically different from how it did 24 months ago.
The Wall Street Journal says, "Tech advances put the annual doctor visit on the critical list."
And Forbes says, "Artificial intelligence offers an unprecedented opportunity to... reshape the practice of healthcare."
Wednesday, October 20, 2021
Gold Price Slowly Going Nowhere / Commodities / Gold and Silver 2021
By: Kelsey_Williams
“Gold going nowhere” seems to be a reasonable description of recent price action in the metals markets.
Below is a daily chart of GLD for the past year…
Read full article... Read full article...
Wednesday, October 20, 2021
Shocking Numbers Show Government Crowding Out Real Economy / Economics / US Economy
By: MoneyMetals
The stampede of dollars into the gold and silver markets has not yet begun. There is record demand for coins, rounds, and bars, but institutional money is still ignoring precious metals, for the most part.
Anyone wondering why, can find a clue in the current makeup of the U.S. economy.
The large majority of the nation’s spending, and wealth, is handled by people who don’t have much in common with gold bugs – at least not yet.
Let’s start with some data.
Read full article... Read full article...
Wednesday, October 20, 2021
Crude Oil Is in the Fast Lane, But Where Is It Going? / Commodities / Crude Oil
By: Submissions
What’s the price level exit for the black gold?
The new front month contract (as we switched now to Dec’21) for WTI Crude Oil futures closed the week at $82 per barrel on Friday (Oct. 15th).
Fundamentally, nothing seems to be able to stop, in the short term, the surge in crude oil prices which continued to rise on Friday amid concerns over supply, since the WTI hit a new high in almost seven years.
In addition, the slight decline of the US dollar may signify a more marked optimism of the markets in the perspectives of a gradual recovery of the global economy.
Wednesday, October 20, 2021
3 Tech Stocks That Could Change The World / Companies / Tech Stocks
By: OilPrice_Com
The mega-industries of energy, healthcare, and digital advertising aren’t just ripe for disruption … they’re already being shaken to the core by tech advancements that were thought impossible just a short while ago.For the energy industry, solid state batteries could change everything. And it’s not a moonshot, anymore. These are the next-gen saviors of the battery industry, and by extension, the entire EV segment.
Billions of dollars are pouring into advanced technology that is no longer in the realm of pure imagination. It’s being commercialized as we speak, and the auto industry’s giants are piling in.
And the healthcare industry, broken and severely challenged as it has been, isn’t just being disrupted--it’s being digitally rewritten. Telemedicine was soaring even before the pandemic. Now it’s explosive.
Read full article... Read full article...
Tuesday, October 19, 2021
Best AI Tech Stocks ETF and Investment Trusts / Companies / Tech Stocks
By: Nadeem_Walayat
You all know I'm not a funds guy, I prefer to micro manage my portfolio i.e. if I want to sell ALL of my Amazon holdings then I SELL all of my Amazon holdings which is not possible with funds. However in pursuit of an ETF that closely matches my fully invested AI stocks portfolio then the iShares Expanded Tech Sector ETF that has been in existence for 10 years in which time comes close by holding all 6 of my Top 6 AI stocks in meaningful levels which has apparently delivered a return of 600% over the past 10 years and carries a relatively low expense ratio of 0.43% (management fee).
Read full article... Read full article...
Tuesday, October 19, 2021
Gold Mining Stocks: Will Investors Dump the Laggards? / Commodities / Gold and Silver Stocks 2021
By: P_Radomski_CFA
Mining stocks were picked up by investors in the latest bullish wave. But these bad performers may be dumped just as quickly as they were bought.
After the HUI Index rallied back above the neckline of its bearish head & shoulders pattern, a new bull market for mining stocks has finally begun. Or has it? Well, after an identical development occurred in 2000, the HUI Index soon invalidated the breakout (and once again confirmed the breakdown) and a sharp decline followed.
Tuesday, October 19, 2021
The Most Exciting Medical Breakthrough Of The Decade? / Companies / BioTech
By: OilPrice_Com
According to Google’s Health boss David Feinberg... over one billion people a day search Google for health concerns.But, what if, instead... they could "consult" a phone app with the power of hundreds of doctors?
That's exactly what will be available weeks from now when Treatment.com’s (CSE: TRUE; OTC: TREIF) and their big tech platform for healthcare, deliver the breakthrough AI app Cara launches.
After five years in beta, we think that they are about to disrupt the $11.8 trillion healthcare industry.
Read full article... Read full article...
Tuesday, October 19, 2021
Prices Rising as New Dangers Point to Hard Assets / Commodities / Inflation
By: MoneyMetals
A big week for precious metals markets as inflation pressures push consumer prices to painful new heights.
On Thursday, the U.S. Labor Department reported that inflation at the wholesale level is up 8.6% from a year ago. That’s the steepest annual advance since the data started being reported.
Of course, Americans who have shopped at a grocery store recently or tried to rent or buy a car don’t need to read a government report to discover that prices are surging. In many respects, inflation is even worse than reported officially.
Read full article... Read full article...
Tuesday, October 19, 2021
It’s not just Copper; GYX indicated cyclical the whole time / Commodities / Copper
By: Gary_Tanashian
Copper makes the headlines, but GYX has been bullish all along; gold awaits its time as the message from metals land is bullish, risk ‘on’ and cyclical
While copper went through its correction we have been noting each week in NFTRH that the Industrial Metals index, GYX had never aborted its bullish stance. Trends remained up and the index price held the SMA 50’s intermediate trend all the while copper (CPER, which I hold, in lower panel) worked through its summer correction.
The Industrial Metals are a primary indicator of cyclical inflation and by extension, economic reflation.
Read full article... Read full article...
Monday, October 18, 2021
Inflation Or Deflation – End Result Is Still Depression / Economics / Economic Depression
By: Kelsey_Williams
INFLATION OR DEFLATION
The debate continues but not much has been said that clarifies the issue for ordinary investors. What follows in this article should help.
Inflation is the debasement of money by government and central banks. The Federal Reserve and all central banks practice inflation by expanding the supply of money and credit continuously and intentionally.
This debasement of the money results in effects that are harmful and unpredictable. One of these effects of inflation is an unquantifiable loss of purchasing power in the money itself.
Read full article... Read full article...