Saturday, April 03, 2021
What can you buy with cryptocurrencies? / Currencies / BlockChain
By: Sumeet_Manhas
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Friday, April 02, 2021
What a Long and Not so Strange Trip it’s Been for the Gold Mining Stocks / Commodities / Gold and Silver Stocks 2021
By: Gary_Tanashian
The Gold Miner correction was well earned, but it was not a bubble
Even today there is some pablum out there talking about how if inflation is good for gold it is especially good for gold miners. I will simply repeat once again that if gold usually does not benefit fundamentally by cyclical inflation (i.e. inflation promoted for and currently working toward economic goals) the gold miners never do, unless they rise against their preferred fundamentals as they did during two separate phases in the last bull market, which were justly resolved with crashes.
Here are a couple charts we used in NFTRH 648 in a segment written to set the record straight. We have also used these charts – especially the first one – since the caution flags went up last summer, visually by the first chart and anecdotally by the usual suspects aggressively pumping the unwitting masses. Buffett buys a gold stock!… okay, well so much for that. Sentiment became off the charts over-bullish and now, as we prepare for the final act of the correction, it’s the opposite. That’s perfect.
HUI had far exceeded the Gold/SPX ratio and so it was very vulnerable from a macro fundamental perspective. Why on earth would players want to focus on miners digging a rock out of the ground that was starting to fail in a price ratio to the stock market? They wouldn’t, and since last summer they didn’t.
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Friday, April 02, 2021
WD My Book DUO 28tb Unboxing - What Drives Inside the Enclosure, Reds or Blues Review / Personal_Finance / Computing
By: HGR
Here's the unboxing of the 28tb MONSTER WD MY Book DUO external drive! Find out exactly what you get un the box and what drives are in the enclosure! Are they Red or Blue? Find out now! And also how not to get the drives out of the enclosure!
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Friday, April 02, 2021
Markets, Mayhem and Elliott Waves / Stock-Markets / Financial Markets 2021
By: EWI
Dear reader,
We are one year into the bull market that began in March 2020 -- and 12 years into the bigger bull market than began in early 2009.
You are probably getting anxious -- what's next for stocks, interest rates, gold and other commodities?
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Friday, April 02, 2021
Gold And US Dollar Hegemony / Commodities / Gold and Silver 2021
By: Kelsey_Williams
The US dollar is the world’s reserve currency. That isn’t likely to change anytime soon.
All currencies are substitutes for real money, i.e. gold. And because all governments inflate and destroy their own currencies, any potential alternatives to the US dollar are as bad or worse.
That doesn’t stop the dollar bashing, of course. In a general long-term sense, the condemnation is well-deserved. After all, the US dollar, under the care and watch keeping of the Federal Reserve Bank of the United States, has lost more than ninety-eight percent of its purchasing power.
The possibility of gold reasserting itself as the international medium of exchange continues to increase; but, a lot more bad stuff has to happen before we get to that point. Also, governments around the world have too much at stake to capitulate when it comes to ceasing to issue ‘funny money’.
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Friday, April 02, 2021
What Biden’s Big Infrastructure Push Means for Silver Price / Commodities / Gold and Silver 2021
By: MoneyMetals
The federal government is spending and redistributing newly created cash so rapidly, it’s becoming difficult to keep track of which trillions are going where.
This week, President Joe Biden will pitch a $3 trillion “green” infrastructure package. That’s on top of the $1.9 trillion economic “relief” bill he recently signed into law.
Next month, Biden is expected to roll out plans for additional trillions to be spent on healthcare, education, housing, and more.
Republicans in Congress may object to some of the proposed spending. But they have a lousy track record – even during times when they were the majority – when it comes to actually reining in federal outlays.
Friday, April 02, 2021
Stock Market Support Near $14,358 On Transportation Index Suggests Rally Will Continue / Stock-Markets / Stock Market 2021
By: Chris_Vermeulen
An interesting Fibonacci Measured Move pattern has set up in the Transportation Index (TRAN) recently. The Transportation Index is an important component of the future US economic expectations. As the Transportation Index rises, one could assume greater economic activity is expected in the near-term 3 to 6+ future months. As the Transportation Index declines, one could assume weaker economic activity is expected in the near-term 3 to 6+ future months. My research team and I watch the TRAN as a type of confirming indicator for US major index and sector trends. When we see the TRAN rising sharply, we can often assume various US sector trends will also move higher.
The Transportation Index Daily chart below shows two key elements we find interesting. The first RED price range on this chart represents a 100% Fibonacci Measured Price move from the early November 2020 bottom to the mid-January 2021 peak. If we extend that same range to the early February lows, we see a major support level exists near $14,358 (a full 100% Fibonacci Measured Price move). The TRAN price has recently broken above this level and we believe this support level will likely hold and prompt another moderate rally attempt above $14,750.
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Friday, April 02, 2021
Crypto Mine Bitcoin With Your Gaming PC - How Much Profit after 3 Weeks with NiceHash, RTX 3080 GPU / Personal_Finance / Crypto Mining
By: N_Walayat
Crypto mania is reaching new heights with the likes of Bitcoin trading above above $60,000 which means virtually anyone with a decent enough GPU in their Gaming PC can make easy money crypto mining and here's how much I have actually made crypto mining in the background with my desktop PC over the past 3 weeks, as a real world example of what to expect if you have something like an RTX 3080 GPU in your system, all whilst continuing to work on the PC as normal with the the likes of NiceHash crypto mining in the background, where you get paid in BITCOIN and not useless obscure crypto coin, so do check out Nicehash to start crypto mining with your desktop PC.
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Friday, April 02, 2021
UK Lockdowns Ending As Europe Continues to Die, Sweet Child O' Mine 2021 Post Pandemic Hope / Politics / Coronavirus 2021
By: N_Walayat
Britain is moving towards an end to the nightmare that is the Chinese Wuhan bio lab leak virus. This is our hoping for a Post Pandemic future Sweet Child O' Mine.
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Thursday, April 01, 2021
A Climbing USDX Means Gold Investors Should Care / Commodities / Gold and Silver 2021
By: P_Radomski_CFA
Positions in the USDX are shifting from shorts to longs, so gold investors should look closely. Why? Because it’s an inverse relationship.
We’ve discussed the negative correlation between the dollar and the precious metals many times before, but it can never be discussed enough, particularly as the situation develops and the outlook for the USD Index becomes more positive.
Once the USD Index lands some knockout punches, the precious metals will be hurting, as they tend to do when the dollar rises. Gold, silver and the miners will eventually rise, but for the medium-term, they are still in bearish territory.
Counted out, counted down and rarely counted on, investors threw in the USD Index’s towel long before the fight even began. However, after shaking the cobwebs and landing a few haymakers, the greenback’s Rocky-like comeback is proof that ‘it ain’t over till it’s over.’
Let’s look at the factors influencing rise of the USD Index as well as some of the historical patterns:
Thursday, April 01, 2021
How To Spot Market Boom and Bust Cycles / Stock-Markets / Financial Markets 2021
By: Chris_Vermeulen
One of the most important aspects of trading is being able to properly identify major market cycles and trends. The markets will typically move between four separate stages: Bottoming/Basing, Rallying, Topping/Distribution, and Bearish Trending. Each of these phases of market trends is often associated with various degrees of market segment trending as well. For example, one of the most telling phrases of when the stock market is nearing an eventual Topping/Distribution phase is when the housing market gets super-heated. Yet, one of the most difficult aspects of this Excess Phase rally trend is that it can last many months or years, and usually longer than many people expect.
Until Gold Really Starts To Rally, Expect A Continued Rally In The Stock Market
When an Excess Phase rally is taking place in the stock market, we expect to see the Lumber vs. Gold ratio moving higher and typically see the RSI indicator stay above 50. Demand for lumber, a commodity necessary for building, remodeling, and other consumer essential spending, translates well as an economic barometer for big-ticket consumer spending. Extreme peaks in this ratio can often warn of a pending shift in consumer spending and how the stock market reacts to an Excess Phase Peak. Let’s take a look at some of the historical reference points on this longer-term Weekly Lumber vs. Gold chart below.
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Thursday, April 01, 2021
What Could Slay the Stock & Gold Bulls / Stock-Markets / Financial Markets 2021
By: Monica_Kingsley
Put/call ratio didn‘t lie, and the anticipated S&P 500 upswing came on Friday – fireworks till the closing bell. Starting on Thursday, with the rising yields dynamic sending value stocks higher – and this time technology didn‘t stand in the way. What an understatement given the strong Friday sectoral showing, acocmpanied by the defensives swinging higher as well. And that‘s the characterization of the stock market rise – it‘s led by the defensive sectors with value stocks coming in close second now.
Still last week, the market confirmed my early Friday‘s take:
(…) While it‘s far from full steam ahead, it‘s a welcome sight that the reflation trade dynamic has returned, and that technology isn‘t standing in the way. I think we‘re on the doorstep of another upswing establishing itself, which would be apparent latest Monday. Credit markets support such a conclusion, and so does the premarket turn higher in commodities – yes, I am referring also to yesterday‘s renewed uptick in inflation expectation.
Neither running out of control, nor declaring the inflation scare (as some might term it but not me, for I view the markets as transitioning to a higher inflation environment) as over, inflation isn‘t yet strong enough to break the bull run, where both stocks and commodities benefit. It isn‘t yet forcing the Fed‘s hand enough, but look for it to change – we got a slight preview in the recent emergency support withdrawal and taper entertainment talking points, however distant from today‘s situation.
Thursday, April 01, 2021
Precious Metals Mining Stocks Setting Up For A Breakout Rally – Wait For Confirmation / Commodities / Gold and Silver Stocks 2021
By: Chris_Vermeulen
Precious Metals have continued to slide sideways as the US stock markets have rallied into the FOMC meeting last week. Not by coincidence, metals have continued to base/bottom near recent lows as concerns about the global debt/credit markets, central banks, and precious metal supplies continue to linger. The US Fed indicated it will do whatever is necessary to support the recovering economy. The question my research team asks in relation to the basis for a move in metals/miners is “do the global markets believe the global central banks still have control of the underlying global banking/credit markets well enough to prevent another massive rally in metals?”.
This question should be first and foremost for metals precious metals enthusiasts. Recently, there has been quite a bit of concern related to a Silver Squeeze and COMEX deliveries. Currently, there is some speculation that the Perth Mint has a very limited supply of physical metals on hand and nearly 60x that amount on their balance sheets (Source: https://www.reddit.com/r/Wallstreetsilver/comments/mc18no/perth_mint_unallocated_silver_is_not_backed_by/). We’re no expert related to this lack of physical inventory, but if it is true, then a breakout rally in metals (a true metals SQUEEZE) could be just days or weeks away.
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Thursday, April 01, 2021
Fed: “We’re Not Going to Take This Punchbowl Away” / Stock-Markets / Quantitative Easing
By: MoneyMetals
Precious metals markets are struggling against the headwind of a rising U.S. dollar this week.
The dollar index broke out to a four-month high on Thursday. Neither a much-awaited fall in bond yields nor dovish remarks from Federal Reserve officials dissuaded currency traders from buying Greenbacks and selling other fiat currencies.
Commodities and precious metals markets also saw some selling.
Despite choppy trading in metals markets so far in 2021, intense demand for coins, bars, and rounds continues to strain supply chains in the bullion market. Some mints and dealers are simply unable to deliver product to their customers in a timely manner.
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Wednesday, March 31, 2021
Mining Bitcoin On My Desktop PC For 3 Weeks - How Much Crypto Profit Using RTX 3080 on NiceHash / Personal_Finance / Crypto Mining
By: Nadeem_Walayat
Crypto mania is reaching new heights with the likes of Bitcoin trading above above $60,000 which means virtually anyone with a decent enough GPU in their desktop PC can make easy money crypto mining and here's how much I have actually made crypto mining in the background with my desktop PC over the past 3 weeks, as a real world example of what to expect if you have something like an RTX 3080 GPU in your system, all whilst continuing to work on the PC as norma with the the likes of NiceHash crypto mining in the background, where you get paid in BITCOIN and not useless obscure crypto coin, so do check out Nicehash to start crypto mining with your desktop PC.
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Wednesday, March 31, 2021
INFLATION - Wage Slaves vs Gold Owners / Economics / Inflation
By: Richard_Mills
Inflation is the rate at which prices within a basket of goods or services (called the consumer price index or CPI) rise or fall. When a currency falls, the ability of that unit of money to purchase goods and services weakens, ie., it takes more units of currency to buy the same basket of goods as before it weakened. The more a currency falls, the less you can buy with it because its purchasing power decreases. We call this devaluation/ loss of purchasing power.
Casey Research founder Doug Casey believes we often put the cart before the horse when thinking about inflation. The renowned investor, author, and speaker states,
“Inflation” occurs when the creation of currency outruns the creation of real wealth it can bid for… It isn’t caused by price increases; rather, it causes price increases.
Inflation is not caused by the butcher, the baker, or the auto maker, although they usually get blamed. Inflation is the work of government alone since government alone controls the creation of currency.
Indeed, governments in fiat economies can literally print paper money “out of thin air,” something impossible to do with a gold-backed currency. When the United States and most of the world was on the gold standard, dollars could be converted to gold at the US Treasury’s “gold window” @ 1 oz=US$35. However, the US government was only allowed to create as much money as could be backed by the gold in its faults. (it is often said, “the Fed can’t print gold” (or silver).
When gold goes up or down it is not inherently losing value; what has changed is the value of paper money, the fiat dollar. When you buy gold to resist inflation, ie., rising prices that eat away your savings by reducing your purchasing power, it is called a hedge against inflation.
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Wednesday, March 31, 2021
Why It‘s Reasonable to Be Bullish Stocks and Gold / Commodities / Gold and Silver 2021
By: Monica_Kingsley
Another day, another reversal – and a positive one for stocks. Universal sectoral weakness gave way to a unison rebound amid constructive outside markets. After weeks of on and off fits over rising Treasury yields, S&P 500 ran into headwinds on their retreat, and recaptured its luster yesterday as long-dated Treasuries (TLT ETF) rolled over to the downside. I guess nothing boosts confidence as much a troubled 7-year Treasury auction.
While it‘s far from full steam ahead, it‘s a welcome sight that the reflation trade dynamic has returned, and that technology isn‘t standing in the way. I think we‘re on the doorstep of another upswing establishing itself, which would be apparent latest Monday. Credit markets support such a conclusion, and so does the premarket turn higher in commodities – yes, I am referring also to yesterday‘s renewed uptick in inflation expectation.
Wednesday, March 31, 2021
How To Be Eligible For An E-Transfer Payday Loan? / Personal_Finance / Debt & Loans
By: Steve_Barker
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Wednesday, March 31, 2021
eXcentral Review – Trade CFDs with a Customer-Centric Broker / InvestorEducation / Learn to Trade
By: S_N_Chatterjee
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Tuesday, March 30, 2021
Is Silver the New Gold? / Commodities / Gold and Silver 2021
By: Arkadiusz_Sieron
Many analysts expect silver to outperform gold this year. It’s possible, but investors shouldn’t count on improving economic conditions and industrial demand.Silver has recently become a hot investment theme. For months, if not years, some analysts claimed that silver is undervalued relative to gold. Then, at the beginning of 2021, Reddit revolutionaries tried to trigger a short squeeze in silver. Although that attempt failed, silver has, so far, clearly been outperforming gold this year , as the chart below shows. So, is silver now a better investment than gold?
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