#Dollar #Euro #Yen #currencies $USD $DXY $EUR $JPY USD hangs near a 2-month high Vs at a basket of peer currencies on Monday as investors look to lots of upcoming economic data and political developments in the US before making any fresh bets on the Buck. Data on USD futures positions released Friday pointed to […]
#Bears #stocks #investors #recovery $DIA $SPY $QQQ $RUTX $VXX It has become very risky to doubt the resilience of the market’s $13.2-T Bull run since 23 March. Going by the short positions of hedge funds, resistance to rising prices is the lowest in 16 yrs. Everybody in the market has gotten more Bullish as the […]
$XAU XAG $PLAT As the COVID-19 pandemic erupted, so too did demand for newly minted platinum, gold, and silver coins from the US Mint. In times of crisis and doubt, investors move some assets to safe-havens. The demand is so high it is currently stripping the Mint’s supply. And if history is any indicator, it […]
I 1st wrote about this in late March of Y 2009, then again in April 2013 and now again in April 2020 saying this again and again, “more money is likely made from Bull Markets than any other market action. Careful investing in Bull Markets is the Key to long term investment success.” I am […]
$USD $.DXY The Buck posted its biggest weekly decliner in more than 10 yrs Friday, as trillions of dollars worth of aid/stimulus efforts by governments and central banks helped temper a rout in global markets driven by the coronavirus pandemic. The USD surged in March as tumbling stock and debt markets caused a scramble for […]
$XAU $GLD $XAG $SLV The correcting stock market and global coronavirus pandemic have triggered sudden and irreversible demand for precious metals Each decade has a distinct investment theme. As the decade unfolds, one asset class rises to the Top and outperforms everything else. Below are some examples, as follows: During the 1990’s, the stock market […]
$BTC, $BTCUSD FLASH: Bitcoin (BTC) has a major problem that few are talking about due the renewed exuberance of the recent rally. That problem is that hardly anyone uses the world’s largest cryptocurrency for anything beyond speculation. Data from New York-based blockchain researcher Chainalysis Inc. show that only 1.3% of economic transactions came from merchants […]
$BTCUSD Tuesday, Bitcoin (BTCUSD) hit its highest mark in 10 months, raising hopes among cryptocurrency fans of greater mainstream acceptance, but others urged investor caution. Bitcoin, which lost 75% of its value in Y 2018, has soared by 24% since Friday and more than 2X’d in price so far this year. Currently Bitcoin is trading […]
$GLD, $XAU, $EUR, $USD FLASH: Gold prices could still surge 20% this year as precious-metal investors and speculators are right to believe in a bright future for the commodity. One international guru told Barron’s that he considers gold at current marks of just below $1,300 oz a “bargain.” His price target for the year is […]
Let’s Consider Silver’s Very Low Numbers $SLV, $GLD The Devils Metal will bounce right back up in symmetrical proportionally when the short covering begins to happen. Let’s consider silver’s numbers. The 52-wk low in specs’ silver-futures shorts was 41.5-K contracts in mid-September 2017. Getting back there would require an astounding 78.6-K contracts of short-covering buying. […]
Tesla’s (NASDAQ:TSLA) M3, From Production Hell to Delivery Hell $TSLA Tesla (NASDAQ:TSLA) Sorry folks, we have gone from Production Hell to Delivery Hell Tweeted Tesla’s CEO Elon Musk. Production Hell Delivery logistics hell is a problem that is tractable, and Mr. Musk says Tesla making progress. And that it hould be solved shortly.” Mr. Musk […]
Bitcoin Moved to Test Key Support Near $9,000 $BTCUSD Thursday, after a quiet start to cryptocurrencies came under selling pressure, with market participants speculating about large blocks of cryptos being offloaded, pushing Bitcoin’s value lower. Bitcoin, the world’s #1 digital currency traded in a $200 range Thursday before giving up $220, or 2.3% quickly. Currently, […]
Jack Dorsey, “Bitcoin Will Be the World’s Single Currency” $BTCUSD , $TWTR, $SQ Twitter (NYSE:TWTR) and Square (NYSE:SQ) CEO Jack Dorsey recently had very positive remarks about Bitcoin. He predicted the future of finance, suggesting that the “father of cryptocurrencies” is likely to become the world’s only currency within the next 10 years. Mr. Dorsey declared: […]
Bitcoins are Here to Stay, They are Not Tulip Bulbs $BTCUSD, $CME, $CBOE Bitcoin is here to stay, and when supply is limited and demand increases, the price goes up. And when speculators drive the prices up, we can expect a major correction, after the correction, the real value of Bitcoin will be seen. Y […]
Fueling the Fire of Bitcoin: Knowledge is Power $BTCUSD, $CME, $CBOE, $GS 1st Main Street, then LaSalle Street, and now Wall Street bring new interest to the Bitcoin market The futures markets have shown that investors want to gain exposure to Bitcoin in a regulated manner without having to store the underlying asset, aka price […]
Bitcoin Speculation Running to $15,000 This Month, Limits Off… $BTCUSD, $CBOE, $CME Bitcoin Bulls Running on Full Psych Steam Bitcoin climbed as much as 8.9% Thursday as it surged $14,925.3730, extending this month’s advance to more than 45%. The price of the cryptocurrency touched $14,925.3730, a record, according to LTN data. ASX Ltd., the main exchange […]
Future Uncertain, as Speculators Pour Money into Cannabis Industry The adversarial stance of The Trump Administration’s toward cannabis has yellow lights flashing in the growing industry, but speculators’ money continues to pour in. Marijuana focused companies raised more than $731-M between 1 January and 21 April, an almost 7X increase from the same frame last […]
Bitcoin Posted an All-time High Friday Bitcoin rose to new highs Friday, a day after passing the price of an ounce of Gold for the 1st time ever. One unit of the virtual currency was trading above 1,292.71 at 7:30a in New York, compared with 1,226.89 for an ounce of Gold. The latest surge in […]
Chicago Agriculture Commodities Finished Higher $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture grains futures finished higher Wednesday with Soybean futures prices closing double-digits higher, on damaging crop-weather in Argentina. Corn futures also rose to extend their 3-session winning streak as investors staked out positions ahead of annual re-balancing by commodity index funds. Wheat […]
Hedge Funds Very Bullish Copper Price $CU After hitting an 18-month high on an intra-day basis last Monday, the price of Copper price has come under pressure as the Bullishness about the impact of Donald Trump’s $500-B infrastructure plans on demand for the Red metal pauses. Friday, Copper at 2.6155 trading at support levels on the […]
“Do Not Be Fooled, There is No Economic Recovery” $GLD Peter Schiff, CEO of Euro Pacific Capital, advises that savvy investors should not be fooled by reports of any economic recovery. And the same investors should continue to buy Gold despite the pullback. “I’m certain that all this talk about a recovery is wrong,” Mr. […]
Be Alert, Stocks Could Get Cut In Half $DIA, $SPY, $QQQ, $VXX Stocks could lose 50% their value + if the history of valuation cycles is any indication, cautions mutual-fund manager John Hussman, President of Hussman Investment Trust. He is correct and I have been calling for a Fibo retracement in the S&P 500 of […]