Saturday, January 30, 2021
VIX and Defensive Sectors React To Perceived Stock Market Trend Weakness / Stock-Markets / Stock Market 2021
By: Chris_Vermeulen
Since early November 2020, the VIX has continued to decline and consolidate near the 22 level. Late in December 2020 and beyond, the VIX started setting up series-high price spikes – which indicates a flagging downside pattern is setting up. You can see this setup across the recent VIX highs drawn in MAGENTA on the chart below. Additionally, the VIX has “stepped” higher – moving from lows near 19.50 to higher lows near 21.00. This upward stepping base is indicative of a shift in volatility.
VIX Sets Up Pennant/Flag Pattern
My research team and I interpret this data as a sign that trend weakness is starting to build after the strong rally that initiated in early November 2020. Although we have not seen any clear sign that the markets are about to reverse or decline, this move in the VIX is suggesting that volatility is increasing. The high price “breakout”, yesterday, in the VIX suggests the MAGENTA flag setup is nearing an Apex/breakout point.
Read full article... Read full article...
Friday, January 29, 2021
EU Declares WAR On Britain, Demands UK Vaccine Stocks, Implements Export Controls / Politics / BrExit
By: N_Walayat
The Battle for Britain's Vaccine stocks has begun by an incompetent slow to act European Union that has vaccinated in total less than the UK. Facing a shortfall in vaccine supplies due to the highly technical nature of production the EU has effectively declared war on Brexit Britain attempting to seize or steal Britains vaccine stocks due to the fact that Brexit Britain was able to act a good 3 months ahead of the EU in both procurement of orders for hundreds of millions of doses including Oxford AstraZenica's vaccines that are at the heart of the EU's vaccine crisis which Brexit Britain authorised use of during December that a slow to act EU has only authorised on the 29th of January.
Read full article... Read full article...
Friday, January 29, 2021
Why the Gold Bull Market Will Run for Years / Commodities / Gold and Silver 2021
By: The_Gold_Report
Peter Krauth, the editor of Gold Resource Investor, traces previous gold bull markets and lays out what he believes is in store for the current one.
If we want to make intelligent forecasts and decisions about our future, we need to understand not only where we are today, but also how we got here. So, let's look at previous gold bull markets for some insight on what we might expect from this one.
Gold enjoyed a tremendous bull market in the 1970s. That decade was fraught with geopolitical uncertainty, an oil embargo, and big inflation to name a few. Of course, many of these factors were already in place and building up in the years before, but they came together by the early 1970s.
One of the biggest historical events was when U.S. President Nixon cut the dollar's tie to gold in August 1971. Until then, foreign nations could convert their U.S. dollar holdings to gold upon request. Many began doing so as they saw the U.S. rapidly increase spending, which weakened the U.S. dollar.
Read full article... Read full article...
Friday, January 29, 2021
Will Biden’s Executive Blitzkrieg Defeat Gold? / Commodities / Gold and Silver 2021
By: Arkadiusz_Sieron
A new sheriff is in in town, and he’s making some rearrangements. Will the new order of things support the price of gold?What a blitzkrieg! Joe Biden certainly wastes no time in signing executive orders. Since inauguration, he introduced several policies, including mandating masks on federal property, in airports and on certain public transportation, and the end of a travel bank on some countries. Biden also terminated the construction of the wall at the Mexican border, halted the withdrawal from the WHO and placed the U.S. back on the path to rejoining the Paris climate accord.
We’re seeing a reversal of many of Trump’s policies. The new President’s actions shouldn’t materially affect the gold market , but if they manage to restore widespread confidence in the U.S. government, they could limit the safe-haven demand for gold .
Read full article... Read full article...
Friday, January 29, 2021
What Exactly Is Bookkeeping? / Companies / Financial Education
By: Submissions
Bookkeeping is essentially the comprehensive organizing and recording of the financial transactions of a business. These include things such as day to day spendings, as well as recording information that pertains to the business. By having a bookkeeper in place it means that all of the financial records kept by a business are accurate, up to date, and completel.
Throughout the entire bookkeeping process it is important that accuracy is maintained at all times. This is because this information forms the basis on which the business’s accounts are based. To aid this process there are a number of structures in place known as quality controls that ensure all financial records are accurate and timely.
Read full article... Read full article...
Friday, January 29, 2021
7 Must-Have Apps for Day Traders / Stock-Markets / Stock Index Trading
By: Submissions
The past few years have seen a series of changes take place. The most impactful of them all is the increase in the importance of the Internet in our lives. As everything is moving online, the popularity of online trading has also increased significantly. Today, most people interested in making money by buying and selling shares, stocks, equities, etc. prefer to carry out their operations online. The main reason behind this change is the rise in popularity of cryptocurrencies like Bitcoin.
The biggest advantage of online trading is that you can take part in the actions irrespective of your location if you have a mobile device and a healthy Internet connection. To make the process of online trading even easier for traders, developers have come up with several apps. You can use some of them to boost your market intelligence and trading profits. The section below talks about seven apps day traders must have on their phones.
Read full article... Read full article...
Friday, January 29, 2021
Real Reason for GPU and CPU Price Hikes! RTX 3080 Now Costs Over $1100! / ConsumerWatch / Computing
By: HGR
GPU's are seeing insane price hikes! For instance, 3 weeks ago I bought and paid for a custom PC build system from Scan computers that cost £3235 with components that included an Asus RTX 3080 TUF Gaming graphics card that was supposed to sell for around $700 or £500 but cost me £750 or over $1000. However the price has just kept increasing since were 10 days ago it had risen to £780, and today jumped by another £35 to £815.
Which at the current exchange rate puts that card at over $1100 converting to $1116. This is a ridiculously crazy high price for a GPU! We are really being ripped off in the UK to a very great extent.
Read full article... Read full article...
Thursday, January 28, 2021
Russell 2000 ETF Initiates New Stock Market Rally Trend / Stock-Markets / Stock Market 2021
By: Chris_Vermeulen
Last week my team and I alerted our readers to the current trends and shifting sectors that are getting hotter every day. Technology, Energy, Financials, Industrials and others are experiencing bullish trends we haven’t seen in years. The Russell 2000 ETF, URTY, is starting a new breakout uptrend just after our BAN Trader Pro system suggested the SPY may initiate a new bullish rally. You can read relevant research posts here: RECENT TRIGGERS IN THESE SECTORS SUGGEST US STOCK MARKETS MAY ENTER A RALLY PHASE and TECHNICAL TRADERS ARE USING THE BAN HOTLIST TRIGGERS WITH HUGE SUCCESS USING REGULAR ETFS, LEVERAGE ETFS, AND OPTIONS.
As we can see in the chart below, the Russell 2000 has been one of the top performers since just after the November 2020 elections. Originating a breakout trigger on November 3, near $43.46, and confirming a “New High Breakout” on November 9, near $51.37, the Russell 200 sector has been rallying very strongly over the past 60+ days. The current “New Price High” breakout suggests this rally may continue. Fibonacci price extensions show a peak may target levels near $125~$130 – nearly 20%+ higher than current prices.
Read full article... Read full article...
Thursday, January 28, 2021
Demand for Physical Bullion Surges – Will It Break Paper Markets? / Commodities / Gold and Silver 2021
By: MoneyMetals
Last year felt like a pivot point in U.S. history. The pandemic and election left the nation ideologically divided.
There seem to be only three resolutions going forward.
America will face an increasingly authoritarian federal government ruling over a largely apathetic populace, the nation will splinter, or leadership will emerge which is somehow capable of bridging the ideological divide between the American left and the right.
Gold bugs aren’t betting on bridges being built any time soon. Demand for physical metal ratcheted up to a new all-time high in January.
Read full article... Read full article...
Thursday, January 28, 2021
US Interest Rate Threshold Keeps Dropping / Interest-Rates / US Interest Rates
By: Michael_Pento
Initial Jobless claims totaled 900,000 for the week ending January 16th, after shedding 965,000 in the week prior. These numbers are over four times greater than they were a year ago. I find this to be not only sad but also remarkable in that we are still losing close to one million jobs per week a year after the Wuhan virus first broke out. More signs of economic stress were found in the December Retail Sales report. Sales dropped 0.7% last month, and the data for November was revised down to show a decline of 1.4%, instead of the 1.1% previously reported. Figures such as these illustrate just how fragile the economy still is, which will automatically put upward pressure on the level of outstanding debt. And, gives the new Administration impetus to pass more and bigger fiscal stimulus packages. That's really bad news for any of us left that still care about debt and deficits.Read full article... Read full article...
Thursday, January 28, 2021
After Recent Gold High - Where to Now? / Commodities / Gold and Silver 2021
By: P_Radomski_CFA
Gold is suffering a hang-over after it’s early January highs, while the EUR/USD pair is buckling - so when gold declines, where will its bottom be?
After injecting itself with Janet Yellen’s stimulus sentiment, gold came down from its highs on Friday (Jan. 22).
And like the GDX ETF, it’s important to put gold’s recent run into context. For starters, gold is still trading below its August declining resistance line, it topped at its triangle-vertex-based reversal point (which I warned about previously ) and the yellow metal remains well-off its January highs.
Read full article... Read full article...
Thursday, January 28, 2021
Captain Biden now Piloting MMT Adventure / Economics / Coronavirus Depression
By: Richard_Mills
Gold may have come off the boil after rising above $1,900 an ounce in the aftermath of the US election, but the precious metal, and its sister silver, will do very well under a Biden presidency, an Ahead of the Herd analysis has found.
The main factors are drastically increased government spending, leading to even more unsustainable US debt levels than currently, along with rising inflation; dovish monetary policy as the Federal Reserve continues to advocate near 0% interest rates; and a sinking US dollar. Gold prices and the USD generally move in opposite directions.
Covid spending ‘out the wazoo’
Within the current structural bull market for gold, the antecedents of the next phase are in the spending promises of President-elect Joe Biden.
Biden, despite claiming otherwise, believes strongly in the power of the state to tax and spend, and will face overwhelming pressure from the left wing of the Democratic Party – supporters of hard-left progressives like Elizabeth Warren, Alexandria Ocasio-Cortez and Bernie Sanders – to toe the party line. A long wish list waits to be filled, with little to no concern regarding the already out of control $28 billion national debt, courtesy of Modern Monetary Theory, or MMT.
Read full article... Read full article...
Thursday, January 28, 2021
China's Accelerated Economic Recovery Key to Global Growth / Economics / China Economy
By: Dan_Steinbock
Unlike other major economies, China has rebounded and its recovery is accelerating. It could fuel a third of global economic growth in 2021.
With the Spring Festival holidays just weeks away, recent resurgences of COVID-19 infections in Jilin province and Shijiazhuang, Hebei province have renewed concerns about sporadic outbreaks.
China’s public-health authorities believe a major outbreak of the novel coronavirus in the Chinese mainland is unlikely. The authorities have taken strong containment measures to rapidly identify, isolate and control potential outbreaks.
Nonetheless, despite the holidays, Chinese people have been urged to avoid travels, to keep the infection rate under control. Downside risks permit no complacency in the foreseeable future.
Read full article... Read full article...
Thursday, January 28, 2021
Technology & Energy Stocks Sectors Are Hot – Are You Missing Out? / Companies / Tech Stocks
By: Chris_Vermeulen
We have seen some really big moves in various S&P sectors over the past 60+ days and these trends look like they may continue for a while. Near the end of 2020, in October and November, the markets seemed to stall a bit before the US elections, but they have really started to trend much higher over the past 60+ days. Technology and Energy seem to be leading the charge in some respects. The most important thing for traders is to find decent breakout trends in stocks and sectors that have a real potential for strong continued trending. When we find these types of longer-term trends, we can scale in and out of the typical up/down price trends, over time, to generate some incredible returns.
Read full article... Read full article...
Wednesday, January 27, 2021
Stock Market Investors’ Limitless Risk Appetite / Stock-Markets / Stock Market 2021
By: Troy_Bombardia
Investors are buying anything and everything in a manner that’s reminiscent of the 1990s. The best stocks to buy these days: money-losing tech companies. The more losses, the better because growth is the name of the game. In the 1990s, profits didn’t matter. All that mattered was “eyeballs” and user growth.
Read full article... Read full article...
Wednesday, January 27, 2021
3 Dividend Paying Stocks to Ride the New Housing Boom / Housing-Market / Housing Stocks
By: Robert_Ross
Dear Reader,
The Cleveland Browns are playing in the postseason for the first time since 2002. But this almost didn't happen because of a COVID-19 outbreak at their training facility.
The Browns didn't miss a moment of practice time. Rather than hit the field, players and coaches huddled over Zoom (ZM). And they went on to win their matchup with the Pittsburgh Steelers that made this 17-years-in-the-making victory possible.
Even if the Browns don't make it to the Super Bowl on February 7, their MVP moves will go down in history as a sign of these unusual times.
Read full article... Read full article...
Wednesday, January 27, 2021
Biden Seeks Huge Spending, Globally Coordinated Tax Hikes / Politics / Government Spending
By: MoneyMetals
As a new administration took power in Washington this week, investors weighed new opportunities as well as new risks.
The Biden administration promises to undo much of the policy agenda President Donald Trump had implemented. However, those expecting a new era in American politics are likely to be disappointed – or relieved, depending on their perspective.
Joe Biden is anything but new or transformational. He seems to view his mandate as that of reassembling the Obama-Biden administration for a third term.
Read full article... Read full article...
Wednesday, January 27, 2021
Will Inflation Make Gold Shine in 2021? / Commodities / Gold and Silver 2021
By: Arkadiusz_Sieron
Inflation will be one of the greatest upside risks for gold this year. Will it materialize and make gold shine?The report about gold in 2021 would be incomplete without the outlook for inflation . We have already written about it recently, but this topic is worth further examination. After all, higher inflation is believed to be one of the biggest tail risks in the coming months or years, and one of the greatest upside risks for gold this year .
Most economists and investors still believe that inflation is dead. After all, the only way to justify the central banks’ unprecedentedly dovish actions is the premise of low inflation. And the only way to justify the buoyant stock market amid the new highs in the number of Americans in hospital with COVID-19 is the expectation of an inflationless economic recovery this year. In other words, many people forecast the return to the Goldilocks economy after the end of the pandemic .
Read full article... Read full article...
Wednesday, January 27, 2021
Amazon AI Stocks Investing Analysis 2021 / Companies / Amazon
By: Nadeem_Walayat
Amazon had soared into the stratosphere, literally doubling in price from its March low, breaking above $3400 early July putting Amazon on an eye watering EC level of 148, prompting me to sell over 50% of my holdings which I flagged ahead of time in the comments, following which Amazon did correct down to $2900 though not to anywhere near it's buying level of $2525. Following which Amazon did manage to break to a new high of $3552, but again it was not able to hold the levels due very high valuations which currently has Amazon trading down to $3099 and it looks like I'm not the only one who thought Amazon had become a bit too expensive as Jeff Bezos sold another $3 billion of Amazon stock early November bringing his total sales for 2020 to $10 billion.
Read full article... Read full article...
Tuesday, January 26, 2021
Why You Shouldn’t Get Excited About Gold Price Mini-Rally / Commodities / Gold and Silver 2021
By: P_Radomski_CFA
Gold seems to be sleeping off its latest mini-rally and lacks the momentum to reach new highs. What happens from here? Has the USD bottomed? And what does it mean when we factor in the EUR/USD pair and poor economic indicators from Europe into the equation?
Not much happened yesterday (Jan. 21), but what happened was relatively informative. And by “relatively” I mean literally just that. Gold moved lower yesterday and in today’s pre-market trading, doing so despite another small move lower in the USD Index. The moves are not big, but they are meaningful. They show that gold’s inauguration-day rally was likely a temporary blip on the radar screen instead of being a game-changer.
Read full article... Read full article...