Thursday, August 12, 2021
Gold and Silver Massacre to Continue? / Commodities / Gold and Silver 2021
By: Monica_Kingsley
Again, today’s report will be way shorter than usual, and focus only on select charts so as to drive position details of all the five publications.
Let‘s move right into the charts (all courtesy of www.stockcharts.com).
Thursday, August 12, 2021
Strengthening Support for the US Dollar Adds to Precious Metal Weakness / Commodities / Gold and Silver 2021
By: Donald_W_Dony
The US economy added over 900,000 jobs in July, the most in 11 months and well above the market expectations. Part of the reason is the rapid pace of the COVID-19 vaccinations allowing the country to continue to re-open and promote businesses to hire more workers. This action has driven down the US Unemployment Rate to 5.40%, the lowest level since March 2020.
In response to the bullish employment news, the US dollar index (DXY) extended its upward momentum and reverse its pull back in late July to jump to almost $0.928 in the 1st week of August. A stronger-than-expected number could make the case for faster US policy tightening. Earlier this week, Fed chair Richard Clarida suggested conditions for hiking interest rates might come as early as late 2022.
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Thursday, August 12, 2021
Could a Collapse of Cryptocurrencies Force a Reform of the Global Monetary System? / Stock-Markets / Financial Markets 2021
By: Steve_H_Hanke
For thousands of years, there has been a dominant international currency. Until August 15, 1971, when President Nixon closed the gold window and revoked the right of foreign governments to redeem their dollar assets for gold, all the dominant currencies had either been gold or silver coins, or paper notes or accounts that were redeemable for gold or silver.
Historically, these dominant currencies would come and go, with their demise typically being the result of wars and war finance. The United States dollar supplanted the British pound, which had been the world’s dominant currency in the 19th century, at the onset of the First World War.
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Wednesday, August 11, 2021
Why the Fed is Wrong About 'transitory' Inflation / Economics / Inflation
By: Richard_Mills
If rising food prices are ruining your appetite, you’re not alone.
Costs of a number of grocery staples have been rising all year, including some that haven’t gone up in decades, such as peanut butter. Meats are seeing large increases, with the price of chicken climbing 8%, and pork and beef increasing about 5%.
According to Statistics Canada, via CTV News, two breakfast ‘staples,’ coffee and peanut butter have gone up significantly since January, a respective 17% and 6%. Canada’s Food Price Report predicts that prices will increase 5% this year, adding almost $700 to the average Canadian family’s grocery bill.
In the United States, US consumer prices hit their highest level in 13 years in May, jumping 5% from May 2020. The US Department of Labor says rising costs of meat products and baked goods led the surge in food prices.
“We’re in a period of unprecedented commodity inflation,” Unilever CEO Alan Jope told investors in early June.
According to Business Insider, US food prices are rising in tandem with broader inflation, with the CPI hitting 5.4% in June. Prices are climbing due to key commodities becoming increasingly difficult to obtain, shipping delays, labor shortages (for example in meat packing plants, hit hard by covid-19) and severe droughts in a number of countries (more on that below).
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Wednesday, August 11, 2021
GDXJ Junior Gold Miners Setup A Double Bottom – Looking For A Rally Off These Unique Low / Commodities / Gold and Silver Stocks 2021
By: Chris_Vermeulen
The Junior Gold Miners ETF (GDXJ), fell to lows near $43.06 recently, which matched the low from the end of March 2021, near $43.24. Although these lows are not exactly the same, the span of time between these unique lows and the very close nature of them makes them a Double Bottom setup.
It is very likely that this support level will prompt a new upside price rally in Junior Miners targeting $50 to $52 or higher if the support level near $43 continues to hold.
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Wednesday, August 11, 2021
The Tapering Clock Is Ticking: Fed Gives Gold Some Time / Commodities / Gold and Silver 2021
By: Arkadiusz_Sieron
The Fed acknowledged the economy’s progress, but it’s still not “substantial progress.” In short, Powell merely slowed the hand of the tapering clock.Last week (July 28, 2021), the FOMC published its newest statement on monetary policy. The publication was barely altered. The Fed noted that the US economy has continued to strengthen, although the sectors most heavily hit by the pandemic haven’t fully recovered yet. According to the FOMC members, the economy continues to depend on the course of the coronavirus, but not “significantly” anymore. So, the Fed acknowledged that the American economy has strengthened (even with the recent worries about delta variant) and that we are returning to post-epidemic normalcy. Theoretically, it’s bad news for gold, but this is something we all know, so the practical impact should be minimal.
A much more interesting change in July’s FOMC statement is the part about the Fed’s asset purchases:
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Wednesday, August 11, 2021
The Tiny House I Grew up Just Sold for $430k / Housing-Market / US Housing
By: Stephen_McBride
“$430,000 for THAT?”My colleague nearly spat coffee on his laptop when I showed him the house my mom just sold.
It’s the white door on the right:
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Wednesday, August 11, 2021
Nasdaq Rallied To New All-Time Highs – Are We Starting Another Bullish Rally Phase? / Stock-Markets / Tech Stocks
By: Chris_Vermeulen
After the Fed’s comments in support of the US economy and the transitory nature of the recent inflation, the NASDAQ rallied to new all-time highs and closed at $15,167.75 on August 5, 2021. If the markets fall back into the “melt-higher” mode as we move away from Q2:2021 earnings, we may be setting up for a moderately big rally phase targeting $15,400 or higher in the NQ.
Global Traders Continue To Bank On A Rally In US Equities
Global traders have poured billions into the US markets over the past 4+ years as the US Federal Reserve has continued to act as the global banker of last resort. Because of this, global traders continue to invest in US equities as the strength of the US Dollar and the incredible post-Covid rally in the markets has blown past everyone’s expectations.
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Wednesday, August 11, 2021
Price Of Silver – 100 Years In The Making / Commodities / Gold and Silver 2021
By: Kelsey_Williams
Sometimes fantasy becomes reality. At other times, a dose of reality will temper fantasies of outsized and unjustified proportion.
Some silver investors and analysts could use a dose of reality. Below is a chart of silver prices dating back to 1915…
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Wednesday, August 11, 2021
Biden’s Infrastructure Bill Part of Green New Deal, Jacks Up Debt / Politics / Infrastructure
By: MoneyMetals
As the U.S. Senate moves closer to passing a trillion-dollar spending bill that includes some infrastructure priorities, critics are warning that the public is being taken for a ride.
President Joe Biden and his allies in Congress have actually claimed that the new spending won’t add to the national debt or increase pressures on inflation. Treasury Secretary Janet Yellen pitched the package as an investment in the economy.
It’s certainly true that much of the nation’s infrastructure is badly in need of upgrades. Roads, bridges, pipes, and airports across the country are in poor shape.
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Tuesday, August 10, 2021
AI Stocks Portfolio Buying and Selling Levels Ahead of a Market CRASH / Correction 2021 / Companies / Tech Stocks
By: Nadeem_Walayat
The US stock market has been content to rally to new highs with many stocks going to the Moon including most of our AI tech giants, a rally that I have been distributing into to the extent that I have now sold 80% of my holdings in the Top 6 AI stocks in my portfolio some of which I have been accumulating for over a decade (Microsoft). The primary objective of this analysis is the determine where we stand in terms of THE TOP, after all, all bull markets eventually do top either ending with a CRASH (1987) or a bear market (2000 and 2007). So what to hold and what to sell is the question I am asking myself, with a view to riding out a potential bear market / crash, where this analysis deploys a new automated metric of individual stock SELLING LEVELs so that one better knows where one stands in terms of ones portfolio, all in just one table. After all the risk we all fear is that of a 2000 style collapse that sends stocks lower for the next 20 years! Remember that bear market bottomed with a 85% collapse for tech stocks! Yes, one could say the likes of Amazon, Microsoft, Apple had become dirt cheap, but that would have been a very painful and prolonged discounting event. So a case of balancing the risks of letting some stocks ride whilst cashing in those that will pay a heavy price for their over exuberance all whilst being aware of the AI mega-trend trundling along in the background.
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Tuesday, August 10, 2021
EIP1559 Impact on GPU Ethereum Mining Earnings with Nice Hash, Ravencoin Price Doubles! / Currencies / Crypto Mining
By: HGR
EIP 1559 has arrived! And here is the real world impact on miners, where I should exactly how much of an impact EIP1559 is making on mining Ethereum with Nicehash. as well as the impact on other alt coins such as ravencoin that are benefiting hugely from extra miner attention sending Ravencoin price soaring, doubling within days!
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Tuesday, August 10, 2021
Debenhams CLOSED Down After 200 Years, Shopping Trip Down Memory Lane at Meadowhall Sheffield / Companies / Retail Sector
By: Eliza_Walayat
Debenhams Britains former biggest high street department store chain is now no more, the it's last stores closed a few weeks ago after over 200 years of retail trading, tracing it's roots back to 1778 when William Clark opened the first shop in London's East End, then some 30 years later William Debenhams' investment was coupled with a name change to Clark & Debenhams.
Here's a shopping trip down memory lane at the Meadowhall Sheffield Debenhams Store where whilst doubts had always remained for many years on the Town Centre stores chances of survival, few took seriously that the Meadowhall store would ever close, but the coronavirus pandemic was the final nail in Debenhams coffin.
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Tuesday, August 10, 2021
Bitcoin Black Swan - Will Governments BAN / Regulate Crypto's Out of Existence? / Currencies / cryptocurrency
By: Nadeem_Walayat
Whilst we can all get carried away projecting into the future based on past trends, comfortable in the reliability of calculations. However, there are always black swans lurking out of sight that could result in that panic event that few see coming. And where Bitcoin and the crypto's are concerned is if the Governments decide to BAN trading and investing in crypto's.
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Tuesday, August 10, 2021
How To Make the Right Investment Decision – The Ultimate Guide / Personal_Finance / Learning to Invest
By: Mark_Adan
Given the current market events, you're wondering whether to change your investment portfolio or not. It has been a great concern because various investors - including mattress stuffers and bargain hunters - make rapid investment decisions without planning long-term financial goals.However, we can't tell you how you need to manage your investment - particularly during a volatile market. But we can provide you an alert to help you make an informed decision.
Since the pandemic hit the world, the world of investment has become challenging. So, as an investor, you need to be concerned about consumer demand points to a strong economic recovery.
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Tuesday, August 10, 2021
What Are The Benefits Of Dividends? Everything You Must Know / Personal_Finance / Learning to Invest
By: Mark_Adan
What are dividends? And what is the importance of dividends? Or downside?
Dividends paying firms distribute a portion of net income to shareholders of their stock. These are paid yearly, and the remaining amount of profit, the company, reinvests back into the business.
Dividend stocks make regular payments to shareholders, therefore a great way for an investor to earn a passive income. Moreover, dividend stocks have a number of benefits beyond the allure of receiving passive income.
Before buying in, you should understand and examine both the advantages and disadvantages. You can weigh the two and make an informed decision.
Let's explore the benefits of dividend investing:
Tuesday, August 10, 2021
Here’s What You Should Do About Inflation / Stock-Markets / Inflation
By: Submissions
By Justin Spittler - “What should I do about inflation?”My Uber driver recently asked me this after I told her what I do for a living.
And she’s not the only one asking me this question.
My mom… brother… friends who’ve never bought a stock in their lives… and many of you who read my essays every week want to know the same thing:
Why are pricing soaring? Should I do anything to prepare?
And most importantly…
What should I do with my current investments?
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Tuesday, August 10, 2021
Stock Market Dichotomy / Stock-Markets / Stock Market 2021
By: Andre_Gratian
Current Position of the Market
SPX Long-term trend: There is some evidence that we are still in the bull market which started in 2009 and which could continue into 2021 until major cycles take over, and it ends. A move up to ~4500 is possible before the current bull market makes a final top and SPX corrects into its next major cycle low due in 2023.
SPX Intermediate trend: SPX should now have reached its next intermediate top.
Analysis of the short-term trend is done daily with the help of hourly charts. They are important adjuncts to the analysis of daily and weekly charts which determine longer market trends.
Sunday, August 08, 2021
Are Stock Markets Ready For An August Surprise? / Stock-Markets / Stock Market 2021
By: Chris_Vermeulen
One thing that seems to be certain in the markets right now is the past hyper-bullish trending which appears to have weakened since early 2021. As a result, the longer-term Custom Indexes we use to help gauge and understand market trends are showing a very clear weakening of trends.
In this article, we are going to review three of our custom index charts on a weekly chart basis, the Custom US Stock Market Index, the Smart Cash Global Market Index, and the Custom Volatility Index. Each of these charts highlights something unique related to current market trends.
Use this information to read between the line and to help establish your own expectations for the markets going forward. We’ll provide our conclusion near the end of this research article.
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Sunday, August 08, 2021
Going for the Gold: Building a Winning Investment Portfolio / Commodities / Gold and Silver 2021
By: MoneyMetals
While Olympic athletes in Tokyo are going for the gold, investors are going for anything that might provide positive real returns.
In a yield-starved environment where bonds and cash are returning less than inflation, there are no guarantees. But there are certainly opportunities outside of fixed income instruments.
Investors who try to sprint their way to success risk hurting themselves in the process. Going for fast-moving penny stocks or cryptocurrencies can lead to ruin just as quickly as it can lead to riches.