Monday, October 19, 2020
Wales Closes Border With England, Stranded Motorists on Severn Bridge? Covid-19 Police Road Blocks / Politics / Pandemic
By: N_Walayat
So wales has started to close it's borders to England, that inevitably is going to leave , many motorists stranded in long lines of traffic on the likes of the Prince Wales Severn Bridge as Welsh police put up road blocks across the main crossing points from England into Wales. The Welsh nationalists finally have their centuries old dream come true one of separation of sorts from England with all of Wales border crossings CLOSED, under the guise of combating the spread of covid-19 as iterated by increasingly austere statements from Welsh First Minister Mark Drakeford aimed at preventing people from England crossing into Wales, especially in the run up to the now extended half term holidays..
Is this really all about covid or part of a grand scheme for a move towards an Independence referendum of sorts following England's decision to implement Brexit?
Where covid is concerned from what I can see Wales has a far higher incidence of covid-19 than England, so maybe the travel restrictions should be in the other direction. Though I am sure if that were ever to happen then the welsh nationalists would also use that to their political advantage.
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Monday, October 19, 2020
Commodity Bull Market Cycle Starts with Euro and Dollar Trend Changes / Stock-Markets / Financial Markets 2020
By: Chris_Vermeulen
In this report, I would like to show you how currency values play an important role in the price of commodities like gold and silver. The analysis here is all about the EUR/USD currency pair to give you an idea of how they can help time and predict future price movement in metals. This is just one commodity pair out of several which provide similar insight and the more pairs that confirm, the stronger our signal and market timing will be.
Commodity bull eras do not need a strong Euro… but it definitely helps if the US Dollar weakens, as anything denominated in it like gold, silver, and oil will have a higher nominal value.
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Monday, October 19, 2020
Stock Market Melt-Up Triggered a Short Squeeze In The NASDAQ and a Utilities Breakout / Stock-Markets / Stock Markets 2020
By: Chris_Vermeulen
Rather quickly in trading late Sunday night, the NQ (NASDAQ E-Mini Futures) began to move higher quite consistently. By the time the markets opened in London on Monday, the rally was ON. We believe this is related to two underlying factors:
A. Short positions were getting squeezed after the end of week rally in the markets last week. The upside price pressure early in trading on Sunday/Monday likely forced many of these shorts out of the market – creating a Short Squeeze.
B. Global traders may be interpreting a biased election victory by Donald Trump based on news events or other information. This close to an election and with pending Q3 earnings just days away, a melt-up rally like this is fairly uncommon – unless you take into consideration that global investors may be pre positioning for an expected outcome.
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Monday, October 19, 2020
Silver is Like Gold on Steroids / Commodities / Gold & Silver 2020
By: The_Gold_Report
Peter Krauth explains why he believes investors should hold a position in silver.
We're still in the early innings of a precious metals bull market.
And if you're wondering whether you need to own some silver, my answer is categorically yes.
It's only a matter of degree.
With silver that's important because it acts like gold, but on steroids.
Silver can languish for extended periods, even if gold moves. But then it tends to play a rapid game of catch-up.
Timing such moves is difficult at best. Instead, it's better to build a silver position on price weakness, then simply sit patiently.
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Monday, October 19, 2020
Countdown to Election Mediocrity: Why Gold and Silver Can Protect Your Wealth / Commodities / Gold & Silver 2020
By: The_Gold_Report
With the presidential election less than a month away, sector expert Michael Ballanger offers a forecast for the gold and silver markets.
With a mere twenty-six days to the election of the "leader of the free world," of the richest, most powerful country in human history, financial markets are noticeably apprehensive as to outcome and understandably concerned with the reaction of the two deeply divided camps. With the Antifa and Black Lives Matter (BLM) "movements" mobilizing to disrupt at every turn, their ideological opponents carry little in the way of monikers but are passionately anti-BLM and anti-Antifa and even more passionately "pro-American," a descriptive often marching shoulder-to-shoulder with paramilitary and/or white supremacist groups.
The sad part of this misunderstood and misreported conflict is that the 1% elite, empowered by the politicians and the bankers that support them (the "banco-politico cartel"), would have us all believe that this conflict is the ultimate showdown between the conservative forces of law-and-order and the socialist forces of anarchy.
The stark reality is that the vast majority of the 99% that make up the unentitled non-elite, whose role has been to act as doormats upon which the 1% wipe their shoes, have finally had enough. It started with globalization, which shut down the manufacturing core of U.S. industry and shipped their jobs off to China and Mexico, and has culminated in a global pandemic that saw the politico-banco cartel once again enriching, with massive bailouts and liquidity injections, the 1%. This has resulted in all-time highs in stock prices, and wall the while the jobs of the working classes (the "doormats") were not simply transferred; they were terminated.
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Monday, October 19, 2020
“Hypergrowth” Is Spilling Into the Stock Market Like Never Before / Stock-Markets / Stock Markets 2020
By: Stephen_McBride
Brian Chesky’s bank account had dwindled to $1,000. He had no job. And the rent on his San Francisco apartment was about to jump by 25%.
With his back against the wall, Chesky tried a “silly” idea to make some cash. He put three inflatable mattresses in his spare bedroom and offered to rent them to attendees of an upcoming conference in town.
Chesky built a rudimentary website and advertised it as Air Bed and Breakfast. That “silly” idea is worth $30 billion today. You surely know Airbnb as the wildly successful website that lets you rent out your home to travelers.
Founded just 12 years ago, it now lists more rooms than major hotel chains Marriott and Hilton—combined!
In today’s issue I’ll show you the secret that upstart Airbnb used to beat two of the world’s most successful hotel chains.
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Monday, October 19, 2020
Is Oculus Quest 2 Good Upgrade for Samsung Gear VR Users? / Personal_Finance / Virtual Reality
By: HGR
It looks like Samsung gear users finally have a reason to upgrade their ageing smartphone powered Samsung Gear VR headsets following the release of Oculus Quest 2. Amazon UK Oculus Quest 2 - https://amzn.to/3lYujFS
It all comes down to resolution per eye, Quest 1 only represented a 10% or so jump in resolution for which Oculus demanded a hefty £400 payment that and it had a litany of flaws such as NO blue tooth, NO microsd card slot!
Whilst Quest 2 is far from perfect i.e. still no blue tooth or Microsd card slot so users are forced to pay rip off price for extra storage space, at about three times the market price for the same storage!
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Saturday, October 17, 2020
Low US Dollar Risky for Gold / Commodities / Gold & Silver 2020
By: Zeal_LLC
Today’s beaten-down US dollar is a major short-term risk for gold. For decades this yellow metal has often inversely mirrored the fortunes of the world’s reserve currency. Dollar trends are important trading cues for highly-leveraged gold-futures speculators, who wield outsized influence over gold prices. So an overdue mean-reversion rebound rally erupting in the US dollar will unleash serious gold selling pressure.
Gold has proven the ultimate universal global money for millennia now, and its US-dollar price American speculators and investors follow is simply these currencies’ exchange rate. So flowing and ebbing dollar levels directly impact prevailing gold prices. Gold generally tends to rally when the dollar weakens, then sell off when it strengthens again. The leading dollar benchmark reveals this powerful inverse correlation.
That is the venerable US Dollar Index, which was launched way back in March 1973. This USDX applies a weighted geometric mean to a basket of major world currencies to track the relative value of the US dollar. The Eurozone countries’ euro, Japan’s yen, and the United Kingdom’s pound sterling dominate the USDX commanding 57.6%, 13.6%, and 11.9% of its total weighting. Three other currencies round it out.
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Saturday, October 17, 2020
US 2020 Election: Are American's ready for Trump 2nd Term Twilight Zone Presidency? / ElectionOracle / US Presidential Election 2020
By: N_Walayat
In the rum up to the 2016 US presidential election the pollsters, pundits, markets and bookies all concluded that Hillary Clinton would win the election, which is precisely the case today in the run upto the 2020 election where everyone thinks Biden is going to win. Though at 2016 time I concluded that Trump would win as illustrated by several videos at the time.
The best description of the past 4 years is one of a dimension as vast as space and as timeless as infinity. It is the middle ground between light and shadow, between science and superstition, and it lies between the pit of man's fears and the summit of his knowledge. This is the dimension of imagination. It is an area which we call the Trump Twilight Zone.
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Saturday, October 17, 2020
Custom Ryzen 5950x, 5900x, 5800x , RTX 3080, 3070 64gb DDR4 Gaming PC System Build Specs / Personal_Finance / Computing
By: HGR
Here's why now is one of the best times to upgrade to a new PC for many years following release of the AMD's Ryzen 5000 CPU's, Nvidia's ETX 3080 GPU's and soon to be joined by AMD's Big Navi GPU's
And here's my system build to last me for the next 5 years! A 5950x, RTX 3080, 64gb ram system spec and costed for under £3000 that I am to get within the next couple of months once stock for the RTX and Ryzen 5000 materialises.
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Friday, October 16, 2020
Gold Jumps above $1,900 Again / Commodities / Gold & Silver 2020
By: Arkadiusz_Sieron
Biden widened his lead over Trump, while gold jumped above $1,900 again.
According to the most recent Reuters/Ipsos poll, Biden has increased his presidential race advantage. Now, as the chart below shows, he leads by 7 percent.
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Friday, October 16, 2020
US Economic Recovery Is in Need of Some Rescue / Economics / US Economy
By: John_Mauldin
Recovery is coming because the economy has found a new equilibrium. That's what we are told. Except, that’s not what the data says.
Last week, I laid out the case that US government debt would be $50 trillion by 2030. That was using straight-line CBO projections along with the 2008 recovery pattern for government revenue.
I added in off-budget debt at its $269 billion yearly average. But now, USdebtclock.org projects off-budget deficit will rise by over $1 trillion this year.
With that in mind, it's not just that we'll have even higher debt by 2030. It's that this mounting debt will further slow the recovery.
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Friday, October 16, 2020
Why You Should Focus on Growth Stocks Today / Commodities / Gold and Silver Stocks 2020
By: John_Mauldin
By Justin Spittler : My friend who’s a novice investor asked for advice recently. He was “bargain hunting” for cheap stocks, and trying to decide between buying Kohl’s (KSS) or ExxonMobil (XOM).
I cringed. “Listen,” I told him. “You’re thinking about this all wrong.”
I get where my friend is coming from. From childhood we’re taught to be financially prudent. To seek bargains and avoid spending money on expensive things.
In most areas of life this is smart advice. Drive a reasonable car, live in a reasonable house, book reasonable vacations with your family. But there’s one big problem.
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Friday, October 16, 2020
Why Now is BEST Time to Upgrade Your PC System for Years - Ryzen 5000 CPUs, Nvidia RTX 3000 GPU's / Personal_Finance / Computing
By: N_Walayat
Now is one of the best times to upgrade to a new PC for many years following release of the AMD's Ryzen 5000 CPU's, Nvidia's ETX 3080 GPU's and soon to be joined by AMD's Big Navi GPU's
And here's my system build to last me for the next 5 years! A 5950x, RTX 3080, 64gb ram system spec and costed for under £3000 that I am to get within the next couple of months once stock for the RTX and Ryzen 5000 materialises.
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Thursday, October 15, 2020
Beware of Trump’s October (November?) Election Surprise / ElectionOracle / US Presidential Election 2020
By: Dan_Steinbock
Recently, President Trump tested positive for COVID-19, which initiated contact tracing in the infected White House – after nine months of failed pandemic leadership, violations of basic public-health procedures, premature exits from the lockdowns and earlier-than-anticipated secondary waves.
The consequences have been severe. The number of Americans that have perished in the pandemic (close to 220,000) is already nearly four times higher than the total of US deaths in the Vietnam War.
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Thursday, October 15, 2020
Stock Market SPY Retesting Critical Resistance From Fibonacci Price Amplitude Arc / Stock-Markets / Stock Markets 2020
By: Chris_Vermeulen
RESEARCH HIGHLIGHTS:
- We continue to monitor the $339.50 level as a key resistance level.
- Our weekly SPY chart is showing that the Fibonacci Price Amplitude Arc resistance level is acting as a ceiling for price and a downward trend in the Momentum indicator.
- The current rally in price may simply be another Bull-Trap set up in a typical “R” price formation near our Fibonacci Price Amplitude Arc resistance level.
- A SPY breakout or rally above $339.50 pushes us closer to the all-time highs, which could then could prompt a new breakout/rally in price.
My research team and I have been watching with keen interest how the markets have continued to trend sideways since setting up a major price peak on September 2, 2020. We’ve continued to suggest general market weakness in the US major indexes was likely to take place after nearly all of the US major indexes rallied above the February 2020 price highs. Our bigger concern was that a “Bull Trap” was setting up just 60+ days before the US elections.
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Thursday, October 15, 2020
Fed Chairman Begs Congress to Stimulate Beleaguered US Economy / Economics / US Economy
By: MoneyMetals
Precious metals investors faced choppy market seas this week. Gold bobbed to a slight decline while silver essentially treaded water through Thursday’s close. Both are advancing strongly today.
Metals markets are being overshadowed by equities markets. The S&P 500 broke out to a 5-week high on Thursday. The rally comes on a rising tide of Federal Reserve liquidity coupled with on again, off again hopes for a stimulus deal in Washington.
More stimulus is definitely coming. The only question is how many trillions and whether they get dished out before or after the election.
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Thursday, October 15, 2020
Is Gold Market Going Back Into the 1970s? / Commodities / Gold & Silver 2020
By: Arkadiusz_Sieron
They say that time travels are impossible. But we just went back to the 1960s! At least in the field of the monetary policy. And all because of a new Fed’s framework. So, please fasten your seat belts and come with me into the past and present of monetary policy – to determine the future of gold!At the end of August 2020, the Fed has modified its Statement on Longer-Run Goals and Monetary Policy Strategy – for the first time since its creation in 2012. As a reminder, the Fed will now target not merely a 2 percent rate of inflation, but an average inflation rate of 2 percent, which allows overshooting after the periods of undershooting. So, the Fed will try to compensate for periods of low inflation with periods of high inflation . Hence, on average , we will see a more accessible monetary policy and higher inflation - Good news for the gold bulls.
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Thursday, October 15, 2020
Things you Should know before Trade Cryptos / Currencies / BlockChain
By: Sumeet_Manhas
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Wednesday, October 14, 2020
Gold and Silver Price Ready For Another Rally Attempt / Commodities / Gold & Silver 2020
By: Chris_Vermeulen
After nearly three weeks of sideways/downward price action in Gold and Silver, our researchers believe both metals have already set up another breakout/rally attempt after breaching downward resistance (shown as the downward sloping CYAN line). This could be another huge opportunity for precious metals traders as the next move higher should prompt a rally above recent highs. That means a target price level in Gold above $2100 and a target price level in Silver above $30.50.
ARE METALS POISED TO RALLY TO NEW HIGHS SOON?
The deep price retracements recently in both Gold and Silver have come from news events. First, the EU Banking Report that destroyed the market on September 21. Then, just recently, the news that President Trump contracted COVID-19. The resilience in both Gold and Silver near these recent lows suggests demand for metals is still skyrocketing – otherwise, we believe much deeper price lows would have been reached.
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