Wednesday, September 23, 2020
What’s Behind Dollar USDX Breakout? / Currencies / US Dollar
By: P_Radomski_CFA
So far, 2020 has been an incredible and challenging year for the many markets, and that does not exclude gold, arguably one of the most important and most valuable commodities in the world.
The yellow metal’s price is influenced by a myriad of obvious and non-obvious short and long-term factors, such as the long-term turning point and its self-similar pattern. In recent months, we’ve already discussed the presence of gold’s long-term turning point in broad detail. Furthermore, only a couple of weeks ago, we’ve learned about the powerful self-similarity pattern in gold, making sense of similarly shaped patterns in the marketplace over different periods.
Read full article... Read full article...
Wednesday, September 23, 2020
Still More Room To Stock Market Downside In The Coming Weeks / Stock-Markets / Stock Markets 2020
By: Avi_Gilburt
With the market dropping two days in a row at the end of this past week, many were scratching their heads as to the reason for the decline. Yet, no clear reason was to be found.
In fact, this past week, the Fed just came out with yet another pronouncement as to how they intend to hold rates at near zero for the next three years.
Did you hear that folks? They intend to hold rates near zero for the next three years, especially as the stock market has recently struck new all-time highs. So, there is absolutely no question in my mind that the Fed is placing itself into a hole from which it will never be able to climb out. But, I will leave that topic for a different article.
In the meantime, for all of you Fed-followers, not only did they state their intentions to keep rates near zero for the next three years, but they even significantly increased their buying this past week to $68 billion in open market operations.
Read full article... Read full article...
Wednesday, September 23, 2020
Platinum And Palladium Set To Surge As Gold Breaks Higher / Commodities / Platinum
By: Chris_Vermeulen
RESEARCH HIGHLIGHTS:
- Gold will target the $2,250 level before stalling and attempting another upside price rally targeting $2,500 or higher.
- Silver will target the $33 price level when the current upside move builds enough momentum, then target $38 or higher.
- Our next upside price target for platinum is $1,410, representing a +52.4% upside price target.
- Palladium bottom in March 2020 was near $1,357. We expect a new upside price target for Palladium near $3,663 once it has broken out past current resistance levels.
If you have been following my research for a while, you are already aware of past research posts suggesting Gold and Silver will advance in multiple upside price legs over the next 90+ days. Gold will target the $2,250 level before stalling and attempting another upside price rally targeting $2,500 or higher. Silver will target the $33 price level when the current upside move builds enough momentum, then target $38 or higher.
Read full article... Read full article...
Wednesday, September 23, 2020
Key Gold Ratios to Other Markets / Commodities / Gold & Silver 2020
By: Gary_Tanashian
Views of gold in relation to other markets and brief summaries thereof, with a focus on how it relates to the gold mining sector and the inflationary macro to come.
Gold/Silver Ratio
Gold/Silver is in a potential bounce pattern with RSI and MACD positive divergences. A bounce (if applicable) – which would likely come in unison with a counter-trend bounce in USD could accompany more broad market pressure and possibly a brief whiff of deflation. As we’ve noted in NFTRH for much of 2020, silver has trounced gold and that is a bigger picture inflationary signal in the “metallic credit spread” (H/T Bob Hoye).
Read full article... Read full article...
Wednesday, September 23, 2020
Watch Before Upgrading / Buying RTX 3000, RDNA2 - CPU vs GPU Bottlenecks / ConsumerWatch / Computing
By: HGR
Nvidia RTX 3000 mania is likely soon to be joined by AMD RDNA2 mania. However, here's why you may in large parts be wasting your money if considering upgrading from your existing GPU, especially if it is a 2000 series RTX or 5000 series AMD, and may not be a wise choice to spend £700 for a new GPU even if your existing card is as old as a GTX 970. That's if you can get hold of a GPU courtesy of extremem demand and the scalpers.
Anyway watch this video first before paying upwards of £650 for the likes of an RTX 3080.
Read full article... Read full article...
Tuesday, September 22, 2020
Online Elliott Wave Markets Trading Course Worth $129 for FREE! / InvestorEducation / Elliott Wave Theory
By: EWI
Hi Friends,
One silver lining of the global pandemic is that many of us are taking time to learn something new -- or to sharpen our skills.
Our friends at Elliott Wave International decided early on that they wanted to help people with this task. So, since April, they've been unlocking some of their premium educational online courses.
Read full article... Read full article...
Tuesday, September 22, 2020
Gold Price Overboughtness Risk / Commodities / Gold & Silver 2020
By: Zeal_LLC
Gold has been consolidating high since early August, when it rocketed parabolic on colossal gold-ETF demand. That 6-week-old sideways drift has worked off some greed and overboughtness, but plenty still remains. So gold isn’t out of the woods yet for this essential sentiment-rebalancing selloff. With residual overboughtness still extreme, gold faces considerable downside risk heading into its biggest seasonal selloff.
Across the financial markets, absolute price levels usually don’t matter much in technical and sentimental terms. Though they are important fundamentally. Supply and demand always converge to drive prices to sustainable levels, and over time traders come to accept them as normal. But how fast prices surged or plunged to current prevailing levels is exceedingly important, greatly affecting their short-term staying power.
The faster prices soar, the more excited traders grow about chasing that profitable upside momentum. As their greed flares and morphs into euphoria, they throw increasing amounts of capital at the fast-climbing prices. But such big and aggressive buying is never sustainable for long. Soon greed sucks in everyone interesting in buying anytime soon, exhausting their capital firepower. The price peaks leaving only sellers.
Read full article... Read full article...
Tuesday, September 22, 2020
Central Banking Cartel Promises ZIRP Until at Least 2023 / Interest-Rates / Negative Interest Rates
By: MoneyMetals
Gold and silver investors who were hoping Wednesday’s FOMC meeting would be a catalyst for a major breakout move were largely disappointed.
The metals complex didn’t see an immediate boost from the Federal Reserve’s dovish policy meeting. Still, the central bank’s commitment to an accommodative monetary policy is set to play out not just over the course of a week, but of years to come.
On Wednesday, the Federal Reserve announced it would continue to hold its benchmark interest rate near zero. That came as no surprise.
However, the extent of the Fed’s commitment to avoid any rate hikes in the future raised the eyebrows of many veteran observers of monetary policy. Not only did members of the central banking cartel vow to keep rates down for the remainder of the year. They also signaled there would be no rate hikes in 2021.
Read full article... Read full article...
Tuesday, September 22, 2020
Stock Market Correction Approaching Initial Objective / Stock-Markets / Stock Markets 2020
By: Andre_Gratian
Current Position of the Market
SPX Long-term trend: For now, the best guesstimate is that we are still in the bull market which started in 2009. Where we go from here and how far will be gauged after the September-October correction.
SPX Intermediate trend: Potential intermediate correction in progress.
Analysis of the short-term trend is done daily with the help of hourly charts. It is an important adjunct to the analysis of daily and weekly charts which discuss longer market trends.
Read full article... Read full article...
Monday, September 21, 2020
Silver Bulls Will Be Handsomely Rewarded / Commodities / Gold & Silver 2020
By: The_Gold_Report
Peter Krauth outlines the reasons he believes the price of silver will continue to rise. They say patience is a virtue.
Well, if anyone is virtuous these days, it has to be silver bulls.
They also say good things come to those who wait. I believe those good things will be coming…in spades.
Silver reached just shy of $50 back in April 2011. A decade later, we're still just barely above half that level.
But that's all about to change.
Since bottoming in March, gold has rocketed to a new all-time high near $2,070 in early August, up 40%.
Read full article... Read full article...
Monday, September 21, 2020
Fed Will Not Hike Rates For Years. Gold Should Like It / Commodities / Gold & Silver 2020
By: Arkadiusz_Sieron
The latest FOMC statement and economic projections signal are that the interest rates will stay at zero until the end of 2023. This is excellent for gold.Yesterday, the Fed issued a statement regarding the FOMC meeting, which was held from September 15-16. The US central bank kept the interest rates and the conditions of its quantitative easing unchanged. The chart below shows the levels of effective federal funds rate and the Fed’s balance sheet.
Read full article... Read full article...
Monday, September 21, 2020
US Financial Market Forecasts and Elliott Wave Analysis Resources / Stock-Markets / Financial Markets 2020
By: EWI
Dear Reader,
Volatility has returned -- and, most likely, it will only heat up from here.
You're probably wondering what's next. So, let our friends at Elliott Wave International help.
In a few days, they're starting a rare event called Unprecedented Year, Unprecedented Opportunities -- FreePass: U.S.
Read full article... Read full article...
Monday, September 21, 2020
How to Avoid Currency Exchange Risk during COVID / Currencies / Forex Trading
By: Travis_Bard
...
Sunday, September 20, 2020
Crude Oil – A Slight Move Higher Has Not Reversed The Bearish Trend / Commodities / Crude Oil
By: Nadia_Simmons
At last, crude oil moved a bit higher, so you might be asking yourself if the trend has reversed or is this just a pause before the moves continue.
In short, we think the latter is much closer to the truth.
The fact remains that in a global and hyperconnected economy such as today, no market can sustain complete independence of the rest of the world. Crude oil, as the most versatile marketplace commodity, is not excluded from that reality.
Namely, the two markets that the black gold often looks up to the most are stocks and currencies. In today’s analysis, we’ll focus on the latter.
The black gold upswing has been relatively modest, and parallels with a similar pause in the USD Index. To validate this, let’s take a look at the following charts for more details.
Read full article... Read full article...
Sunday, September 20, 2020
Do This Instead Of Trying To Find The “Next Amazon” / Companies / Tech Stocks
By: Stephen_McBride
Before the coronavirus outbreak, I doubted telehealth had much potential. I remember sitting outside a café with our publisher and telling him it was a bust.
Trust a quack internet doctor? No way folks will go for it. But I’ve done a total 180. Right now, millions of Americans are firing up their laptops and “visiting” doctors virtually. In fact, more than 55 million folks now pay for a telehealth subscription.
And industry pioneers Teladoc (TDOC) and Livongo (LVGO) have handed out huge gains. And here’s what I’ve come to realize…
The coronavirus is not the real reason telehealth stocks are soaring. Of course, it shined a spotlight on these stocks. But above all else, telehealth stocks are soaring because they’re doing something totally NEW.
Read full article... Read full article...
Sunday, September 20, 2020
5 Significant Benefits of the MT4 Trading Platform for Forex Traders / InvestorEducation / Learn to Trade
By: Submissions
...
Sunday, September 20, 2020
A Warning of Economic Collapse / Politics / Coronavirus Depression
By: Antonius_Aquinas
Traditional Catholic Bishop Richard Williamson’s latest missive should be a wake- up call for those who naively believe that the worst is behind for the US and Western economies after the March financial sell off and the long-anticipated implosion of the bubble economy. His Excellency asserts that the US and much of the world are on a financial precipice:
At this moment the United States has been brought to the brink of a tremendous
economic crisis, and with the USA, the rest of the world.*
Read full article... Read full article...
Saturday, September 19, 2020
The Connection Between Stocks and the Economy is not What Most Investors Think / Stock-Markets / Stock Markets 2020
By: EWI
You've probably heard the phrase, "leading economic indicators."
In the U.S., they refer to a core set of data points, including the Consumer Price Index, the Producer Price Index, employment, manufacturing activity, housing starts and consumer confidence.
But, interestingly, the most important economic indicator is usually not referred to as such, and it's none other than the stock market itself.
That's right, despite the widespread belief that the economy drives the stock market, it's the stock market which leads the economy.
Read full article... Read full article...
Saturday, September 19, 2020
A Virus So Deadly, The Government Has to Test You to See If You Have It / Politics / Pandemic
By: Jeff_Berwick
Welcome to Dr. Jeff and Lucy’s Acapulco wealth and well-being practice.
Feeling great? Healthy? Happy to be alive?
Oh no! You might have a killer disease!
Let’s test to make sure. Hold still – this will only be a little uncomfortable…
Read full article... Read full article...
Saturday, September 19, 2020
Will Lagarde and Mnuchin Push Gold Higher? / Commodities / Gold & Silver 2020
By: Arkadiusz_Sieron
The ECB held its monetary policy stance steady. Meanwhile, the U.S. fiscal deficit reached its all-time high. What does it all mean for the gold prices?On Thursday, the members of the Governing Council of the ECB met together to undertake monetary policy decisions. They decided to leave the interest rates and the conditions of the quantitative easing unchanged. This lack of action was widely expected, so attention shifted to the fresh economic projections and the Lagarde’s press conference. Importantly, the ECB lifted its growth forecast for 2020 from -8.7 to ‘just’ -8.0 percent. With inflation projections almost unchanged, the recent monetary policy statement sounded a little bit more hawkish than the previous one.
Read full article... Read full article...