Tuesday, June 16, 2020

Strong Demand Will Not Send Gold Price Higher / Commodities / Gold & Silver 2020

By: Kelsey_Williams

Gold is original money. As such, it is the measure of value for everything else.

Gold was money before the US dollar and other paper currencies. All paper currencies are substitutes for gold, i.e., real money.

So, how much is money worth? Money is worth what you can buy with it. In my article A Loaf Of Bread, A Gallon Of Gas, An Ounce Of Gold, I compared the cost to purchase bread and gasoline over the past one hundred years using US dollars vs. gold.

Tuesday, June 16, 2020

Gold Stocks Correction and Upcoming Opportunity / Commodities / Gold and Silver Stocks 2020

By: Gary_Tanashian

Before updating the status of the gold miner (HUI) correction, let’s take a quick review of the Macrocosm, because it’s always a good time to be clear on important macro considerations.

The graphic makes the following points that are the foundation of the NFTRH view on the right/wrong times to be fundamentally bullish on the gold stock sector. In order of priority, a bullish view needs:

Tuesday, June 16, 2020

Stocks Bulls Beware: A Dark Cloud Is Forming Over Oil Markets / Commodities / Crude Oil

By: OilPrice_Com

Bullish sentiment appears to have returned to the stock markets with a vengeance. In a historic rally that has taken even die-hard bulls by surprise, the S&P 500 has managed to claw back all of its 2020 losses, taking just 53 sessions for the index to fully restore the nearly $10T in value it shed in an epic bear market. The oil markets have been nearly as impressive.

After entering negative territory for the first time in history, U.S. WTI prices have briefly touched $40/bbl amid record production cuts and an uptick in global demand. Oil and gas stocks have doubled from their March 23 nadir, marking a sharp reversal from the precipitous drop that wiped out nearly two decades of gains.

Tuesday, June 16, 2020

AMD Ryzen Refresh Bad Value for Money - 3800xt 3900xt 3600xt Specs / Personal_Finance / Computing

By: HGR

Courtesy of a ***** up on Amazon's Italian website we now know the exact specs in terms of gig hz and pricing for AMD's XT Ryzen 3000 refresh cpus, for the 3900x that becomes the 3900XT, 3800x becomes the 3800XT and the 3600XT.

My video of over 2 weeks ago speculated that the 3900XT would be clocked at 4.1ghz base, 4.8ghz turbo. Which was pretty close to the actual spec with the turbo just 100mhz lower.

Tuesday, June 16, 2020

How to Clip a Budgie / Parakeet Parrot's Wings Flight Feathers: Easy Steps! / Personal_Finance / Animals & Pets

By: N_Walayat

There are different ways to clip a bird's wings. This video demonstrates how I personally clip my budgies / parakeet parrots to stop them from flying away. . Budgies have 10 flight feathers, the more you trim of them your bird will have a lesser ability to fly, both for your birds safety in not flying to mirrors or windows or worse escape.

Also so that you can take your budgie outdoors for fun in the garden or local park without it flying away.

Monday, June 15, 2020

XLF Financial Sector Stocks Under Pressure and What It Means / Companies / Banking Stocks

By: Chris_Vermeulen

The Financial sector is unique in that it is an essential component of global economics as well as local economic functions.  Consumers depend on banking services, credit, and all sorts of other financial services in their day-to-day lives.  The Financial sector is one of the components of the US stock market that can suddenly find itself under pricing pressure as an economic crisis event unfolds.  This happens because banks earn a large portion of their income from servicing debt and originating loans.

The recent rally in the Financial sector, over 47% from the March 2020 lows, has reached our proprietary Fibonacci price modeling system’s upside price targets and has also filled a major gap that was created in early March 2020.  Because of these factors, and the current downside price rotation within the Financial Sector, we believe this component of the US stock market could continue to see extended pricing pressure going forward as we learn just how damaging the past 70+ days of the economic shutdown have been for the economy.

Monday, June 15, 2020

For History Unfolding To Stay Informed, Watch Less TV / Politics / Mainstream Media

By: Patrick_Watson

Pop math quiz: What is 1918 + 1932 + 1968?

Your calculator may say 5,818, but the real answer is 2020. This year has turned into a combination of those three historic years. In the US, we have

• A deadly pandemic, like the one in 1918

• An economic recession that could inspire major political change, as in 1932, and

• Social unrest, public anger, and mass protests similar to 1968.

The good news: we’re not also engaged in a military conflict, as was the case in 1918 and 1968. But we have lesser involvements around the world, any of which could blow up any time. (Let’s hope they don’t.)

Monday, June 15, 2020

Black Lives Matter Protests to Trigger US and UK 2nd Coronavirus Wave / Portfolio / Pandemic

By: Nadeem_Walayat

The protesting and rioting of the past week that has shown little signs of social distancing coupled with relaxation of lockdown's is likely to trigger a second wave of sorts that a few weeks down the road could result in a rising death tolls for both the US and UK.

Monday, June 15, 2020

Staying Cautious & Staying Prepared With You Stocks Trading Account / Stock-Markets / Stock Markets 2020

By: Chris_Vermeulen

Over the past 30+ days, our researchers have been warning our friends and followers to stay cautious and to consider the risks within this market trend.  Certainly, we’ve received some emails and contact from some people suggesting we should become more active, but we’ve also received many emails from members that feel we’ve kept them safely removed from the volatility and risks associated with this wild price rotation during these uncertain times.  Additionally, we’ve been able to grow their accounts at the same time.

One of the reasons we’ve been able to accomplish this is because our research team identified a major supercycle event that was likely near August 2019 and continued to warn our members of this potential event well ahead of the projected event date.  We also issued a Black Swan warning on February 21, 2020 warning all of our members to “get into cash” and to prepare for a very big price event. 

Monday, June 15, 2020

Silver: How to Gauge the Crowd's Mindset / Commodities / Gold & Silver 2020

By: EWI

Watching out for sentiment extremes helps you avoid getting "caught up with the crowd"

Simply put, a market sentiment extreme is a situation when most everyone has already taken a bullish or bearish position in a financial asset, leaving almost no one left to buy or sell.

Silver provides an excellent case study.

Let's briefly go back to April 18, 2011, when Elliott Wave International's U.S. Short Term Update, which provides near-term forecasts for major U.S. financial markets thrice weekly, showed this chart and said:

Sunday, June 14, 2020

When to Sell Your AI Tech Stocks Investments / InvestorEducation / Learning to Invest

By: Nadeem_Walayat

I get many comments asking when to sell the AI stocks given the sharp rallies over the past 6 weeks so as to capitalise on their gains. Which in my opinion defeats the whole point have having invested at deep discounts for 20-30% or so gains from March purchases, which is trading stocks rather than investing and in my opinion is nothing compared to what is to come, for instance imagine all those who bought Amazon at say $1700 and then sold it at $2000, and now are regretting doing so at $2375, hoping that it will fall to $2000 again so they can buy back in, which just illustrates investors in the AI mega-trend need to adjust their mindset.

Sunday, June 14, 2020

Gold and Silver Precious Metals Sector Correction Starts as Risk On and Seasonal Factors Weigh / Commodities / Gold & Silver 2020

By: The_Gold_Report

Technical analyst Clive Maund discusses the factors he sees weighing on precious metals in the near term.

The precious metals sector is now set up for a correction that could be quite severe, which is evident on the charts, but also made more likely by the fundamentals where we see a return to "risk on" as a result of ongoing massive money injection by the Fed coupled with this being a seasonally weak summer period for the metals ahead of their seasonally strongest time, which runs from late July through September. The return of "risk on" will be greatly encouraged by the stock market breaking out to new highs which will suck money out of the PM sector to be deployed in biotech, blockchain, the FAANGS and the better cannabis stocks, but it should return as the economy gets going again and all the newly created money starts to drive inflation sharply higher.

Starting with gold's 6-month chart we see that it is weakening following a failed upside breakout from a Symmetrical Triangle, and is it now close to breaking the first line of support shown. Once that fails it is likely to head down to the next support level near to its 200-day moving average.

Sunday, June 14, 2020

What Happens When Cars Can “See”? / Companies / Self Driving Cars

By: Stephen_McBride

Dairy giant Land O’Lakes recently made history. It hired a Silicon Valley startup to deliver 20 tons of butter across America by truck. The 2,800 mile drive from California to Philadelphia took over 40 hours.

And here’s the kicker: the 18-wheeler drove itself the whole way! A safety driver sat along for the ride, but he didn’t have to put his hands on the wheel once. This was the first time a self-driving semi delivered goods for a paying customer.

A few weeks ago, 60 Minutes did a special on driverless trucks. The camera crew travelled to a warehouse in the heart of Arizona’s Sonoran Desert. Inside sat a fleet of 40 new, shiny self-driving 18-wheelers. Those big rigs belong to TuSimple, a robotruck startup valued at $1 billion.

Sunday, June 14, 2020

Rolex Watches — a Store of Value / Personal_Finance / Investing

By: Kavinesh_A

Any avid watch enthusiast and collector can appreciate the amount of work that goes into designing a Rolex watch. Thanks to its impeccable design and high-quality, Rolex has become the most recognizable name in the industry, synonymous with classy, well-made watches. Thus, either new or vintage Rolex watches can be used as a unique store of value.

History shows that there were more than a few times when Rolex watches stole the show in world-class auctions and sales, with prices going up into the six-figure range.

Friday, June 12, 2020

US and UK Black Lives Matter Protests, Riots and Looting To Trigger 2nd Covid-19 Wave Peak? / Politics / Pandemic

By: Nadeem_Walayat

Briefly, the protesting and rioting of the past week that has shown little signs of social distancing coupled with relaxation of lockdown's is likely to trigger a second wave of sorts that a few weeks down the road could result in a rising death tolls for both the US and UK.

As things stand the Covid-19 deaths trend in the US continues to move the right direction with the 7 day average at 835 and the 14 day at distant 970, though the rate of decline has slowed over the past couple of weeks that implies that the US could be at risk of at least stalling at an average of about 800 deaths per day and worse risk an upwards trend towards a second peak over the coming weeks.

Friday, June 12, 2020

US Dollar Cycle Points To New All-time Highs For Gold / Commodities / Gold & Silver 2020

By: Hubert_Moolman

The US Dollar index is not a true measure of value of the US dollar. It just tracks an “exchange rate” between the US dollar and a basket of significant fiat currencies.

For a true measure of value of the US dollar it is better to look to Gold and Silver. However, there is a relationship between significant Gold rallies and the US Dollar index.

Gold has a tendency to rally at a certain time in a US Dollar index long-term cycle. Previously, I have looked at significant Silver rallies, relative to the US Dollar long-term cycle. Here, I would like to look at Gold.

Friday, June 12, 2020

Will US Labor Market Recovery Sink Gold? / Commodities / Gold & Silver 2020

By: Arkadiusz_Sieron

The recent job report is not reliable, but it shows recovery in the US labor market. The situation is still bad, but optimism could triumph for now, which is bad for gold.  

On Friday, the Bureau of Labor Services released the newest edition of the Employment Situation Report. The publication shows that the US economy regained 2.5 million jobs in May, constituting the biggest nonfarm payroll surprise in history. Indeed, the economists polled by MarketWatch had forecast a loss of 7.25 million jobs. The rebound is presented in the chart below.

Friday, June 12, 2020

Stock Market Shift Away from Safety Begins / Stock-Markets / Stock Markets 2020

By: Donald_W_Dony

Sector performance or strength can tell an enormous amount about how Mr. Market is feeling.

In Chart 1, from early December to late February, the four classic safe haven sectors (precious metals, bonds, U.S. dollar and utilities) were all outperforming the benchmark S&P 500.

Friday, June 12, 2020

Bullion Bank Retreat Puts Floor Under Gold and Silver Prices / Commodities / Gold & Silver 2020

By: MoneyMetals

Investors dumped paper gold and silver along with stocks, commodities, and most other asset classes in March. The price of silver dropped to $12.02/oz on March 18th and gold bottomed at $1,473/oz.

The bullion banks – notorious for their concentrated short positions – might have made a killing. But that isn’t what happened. Some of the most prominent players took massive losses instead.

Friday, June 12, 2020

Silver Investing Strategy / Commodities / Gold & Silver 2020

By: Nadeem_Walayat

Firstly, my long standing approach to Silver has been one of buying (accumulating) when the Silver price is cheap to invest to capitalise on long-term Spikes, as the silver price tends to be quite erratic in behaviour, prone to a lot of false signals so Silver can be a difficult market to trade i.e. tends to run stops and sharp movements contrary to the likes of Gold, just as we experienced during Summer 2019, with the bulk of the silver moves taking place towards the end of precious metals bull runs as illustrated by my analysis of May 2018 investing for a $35+ Spike.