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Post by Sennockian69 on Oct 31, 2020 5:36:22 GMT
Prediction was correct on the inverted yield curve.
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Post by Sennockian69 on Oct 31, 2020 5:37:29 GMT
And on the oil market too.
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Post by Sennockian69 on Oct 31, 2020 5:47:11 GMT
He is on the money - Global Reset.
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Post by Deleted on Nov 5, 2020 6:33:26 GMT
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Post by Sennockian69 on Nov 5, 2020 23:04:07 GMT
It's pass the parcel - the prize is a bomb.
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Post by Deleted on Nov 16, 2020 6:46:52 GMT
So far we've had 3 month long beautiful bull flags forming in both Gold and Silver. The longer these take to form, the greater the upside potential should be if they break in that direction. It is still possible they will continue to consolidate, with price gradually moving lower in the near future, but if the upside break does come, it will almost certainly be explosive and rapid, catching many out.
Last week, both metals had a big one day sell off due to the announcement of the Pfizer covid vaccine, but the selling volume was not particularly strong, and both metals have held up pretty well despite risk on sentiment. Any further positive vaccine news will put a lid on any price advancement, but until the vaccines are rolled out, and shutdowns start to look an unlikely scenario going forward, the metals still look good, particularly if there are any fiscal or monetary stimulus announcements on the horizon.
At the moment my personal targets for Gold are $21 and $22.50, and for Silver £29.50 and $34
Looks like we might get a santa rally of some sort, paradoxically news of either covid vaccines or lockdown announcements are both viewed as positive by the market, albeit by different sectors. Vaccine announcements are positive for those businesses that have been hit hard by covid lockdowns, Airlines, pubs and restaurants etc., and lockdown announcements are positive for those companies benefitting from the stay at home leisure and working environment, like Zoom, Peloton, and the FAANG stocks. Any fiscal announcements would also boost the hard hit industries, but with all the continuing political turmoil, I'm not sure there will be an announcement soon. However, if required, the Fed are sure to step in to support asset values.
My target for the S&P 500 is around 3800+ going into the week before Christmas. But as with all things in this crazy market there are no guarantees.
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Post by Deleted on Nov 22, 2020 16:21:48 GMT
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Post by Deleted on Nov 28, 2020 5:18:54 GMT
uk.yahoo.com/news/huge-wealth-sunaks-family-not-120011057.htmlConflict of interest? Maybe various ministerial positions are being utilised to ensure that the UK becomes an extremely efficient cash cow for some. Is it possible that the final process by which the UK leaves the EU will help to assist in that efficiency. . Talking of conspiracy theories, after a very low volume week on the markets, largely due to thanksgiving, and combining that with a more risk on attitude by traders, due to vaccine news, the big banks and Comex took full advantage to push down the price of Gold and Silver as much as they could, to try to shake out the weak hands, bless them. There should be another attempt in the week in the run up to christmas. However, although I won't hold my breath, this blatant market manipulation on behalf of Comex could hopefully be coming to an end, as increasingly more and more resistance to selling pressure is building. There are some big boys out there now that can take on the banks and resist selling. All of this market manipulation is, of course, not surprising, I found it very amusing to see that JP Morgan Chase were recently fined, and agreed to pay ( I bet they did) just under a billon USD for their role in the market manipulation of precious metal trading. I think I read somewhere that it was estimated they had made around $100 billon during their spoofing activity. Lovely jubbly. It just provides evidence for my life long support for the view that 'crime doesn't pay',my posterior. Turnover $ 100,000,000,000 Operating costs $ 920,000,000 Net profit $ 99,080,000,000 (Margins to be admired, and reasons to be cheerful, one, two, three)
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Post by sword65 on Nov 28, 2020 5:40:51 GMT
uk.yahoo.com/news/huge-wealth-sunaks-family-not-120011057.htmlConflict of interest? Maybe various ministerial positions are being utilised to ensure that the UK becomes an extremely efficient cash cow for some. Is it possible that the final process by which the UK leaves the EU will help to assist in that efficiency. . Talking of conspiracy theories, after a very low volume week on the markets, largely due to thanksgiving, and combining that with a more risk on attitude by traders, due to vaccine news, the big banks and Comex took full advantage to push down the price of Gold and Silver as much as they could, to try to shake out the weak hands, bless them. There should be another attempt in the week in the run up to christmas. However, although I won't hold my breath, this blatant market manipulation on behalf of Comex could hopefully be coming to an end, as increasingly more and more resistance to selling pressure is building. There are some big boys out there now that can take on the banks and resist selling. All of this is market manipulation is, of course, not surprising, I found it very amusing to see that JP Morgan Chase were recently fined, and agree to pay ( I bet they did) just under a billon USD for their role in the market manipulation of precious metal trading. I think I read somewhere that it was estimated they had made around $100 billon during their spoofing activity. Lovely jubbly. It just provides evidence for my life long support for the view that 'crime doesn't pay',my posterior. Turnover $ 100,000,000,000 Operating costs $ 920,000,000 Net profit $ 99,080,000,000 (Margins to be admired, and reasons to be cheerful, one, two, three) I would be happy if I had £1 for each one of them noughts.😁
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Post by Sennockian69 on Nov 28, 2020 11:56:05 GMT
uk.yahoo.com/news/huge-wealth-sunaks-family-not-120011057.htmlConflict of interest? Maybe various ministerial positions are being utilised to ensure that the UK becomes an extremely efficient cash cow for some. Is it possible that the final process by which the UK leaves the EU will help to assist in that efficiency. . Talking of conspiracy theories, after a very low volume week on the markets, largely due to thanksgiving, and combining that with a more risk on attitude by traders, due to vaccine news, the big banks and Comex took full advantage to push down the price of Gold and Silver as much as they could, to try to shake out the weak hands, bless them. There should be another attempt in the week in the run up to christmas. However, although I won't hold my breath, this blatant market manipulation on behalf of Comex could hopefully be coming to an end, as increasingly more and more resistance to selling pressure is building. There are some big boys out there now that can take on the banks and resist selling. All of this market manipulation is, of course, not surprising, I found it very amusing to see that JP Morgan Chase were recently fined, and agreed to pay ( I bet they did) just under a billon USD for their role in the market manipulation of precious metal trading. I think I read somewhere that it was estimated they had made around $100 billon during their spoofing activity. Lovely jubbly. It just provides evidence for my life long support for the view that 'crime doesn't pay',my posterior. Turnover $ 100,000,000,000 Operating costs $ 920,000,000 Net profit $ 99,080,000,000 (Margins to be admired, and reasons to be cheerful, one, two, three) Financial crime pays.
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Post by Deleted on Dec 11, 2020 14:51:35 GMT
This looks like an interesting trading technique. Might be worth backtesting when combined with barchart.com screening tools to find the best stocks or etfs in good uptrends/downtends.back testing, www.youtube.com/watch?v=5kJ8f1o4ftEWe might see some increased volatility in the markets next week on low volume combined with options expiry for the month. Lots of manipulation going on generally, and no doubt the Banks and Comex will also be up to their tricks trying to force down the price of precious metals, unless of course there is some big news on monetary/fiscal stimulus.
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Post by Deleted on Dec 28, 2020 9:27:05 GMT
Cryptos are starting to go parabolic. Earlier this morning, Bitcoin has hit the $30,000 mark. Ethereum looks like a jewel when bitcoin rises. However, there should see some profit taking very soon, despite the weakening dollar. Precious metals held up very well last week, probably due to a combination of US stimulus news, and the new covid strain. Outlook for markets generally for the new year are mixed with lockdown and vaccine news competing with each other. Hopefully the vaccines should win out. China looks good to me, along with emerging markets, at least in the near term. Global diversification looks the safest bet. It is a bit of an outlier, however, I am putting my Mystic Meg hat on for 2021, and I am monitoring geological activities around the world to identify any major issues that may develop into something that might affect markets. We may see increasing seismic / volcanic activity in some parts of the world, hopefully any activity won't be too serious. But honestly, it does not feel that way. Incidentally, I can't remember if I have taken my blue or red pill this morning.
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Post by pwe on Jan 2, 2021 13:00:15 GMT
...Cryptos are starting to go parabolic. Earlier this morning, Bitcoin has hit the $30,000 mark...
I went for a walk with the wife last Saturday, just before we left the house I’d noticed BTC was around $24,500.
Half an hour into the walk, I looked again and saw that it had broken thru $25k. Later that same evening it moved above $26k
Fast forward exactly a week and at 12:20pm today, it moved above $30k - a few minutes ago it was at $30,350.
Maybe these Saturday uplegs are due to frustrated football fans looking for some excitement ?
In December 2017 (the previous peak-hype) I took a small position via an ETF tracker (XBT BTC) which for about a week showed a small profit before collapsing with conviction, continuing to do so throughout 2018 - at one point I was more than 80% down.
if only to serve as a reminder of reckless folly, I hung on and miraculously about 5 weeks ago, it finally got back to par - its now around 80% up.
Interesting to see one of the fund managers (Ruffer) swapped their gold position for BTC a few weeks ago, and the CIO at Guggenheim looking for it to hit $400k.
Anyhoo, just off for another walk, need to buy tonight’s lottery tickets
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Post by Deleted on Jan 8, 2021 16:38:27 GMT
...Cryptos are starting to go parabolic. Earlier this morning, Bitcoin has hit the $30,000 mark... I went for a walk with the wife last Saturday, just before we left the house I’d noticed BTC was around $24,500. Half an hour into the walk, I looked again and saw that it had broken thru $25k. Later that same evening it moved above $26k Fast forward exactly a week and at 12:20pm today, it moved above $30k - a few minutes ago it was at $30,350. Maybe these Saturday uplegs are due to frustrated football fans looking for some excitement ? In December 2017 (the previous peak-hype) I took a small position via an ETF tracker (XBT BTC) which for about a week showed a small profit before collapsing with conviction, continuing to do so throughout 2018 - at one point I was more than 80% down. if only to serve as a reminder of reckless folly, I hung on and miraculously about 5 weeks ago, it finally got back to par - its now around 80% up. Interesting to see one of the fund managers (Ruffer) swapped their gold position for BTC a few weeks ago, and the CIO at Guggenheim looking for it to hit $400k. Anyhoo, just off for another walk, need to buy tonight’s lottery tickets Despite the drastic collapse in 2017, you've still made a fantastic profit in 3 years . Today Bitcoin has passed $40,000. Interestingly the trading volume is about 294 million per month, back in 2017 it was only 2.25 million. Not sure how long this move will last, but when it does collapse, it will be carnage for some.
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Post by Deleted on Jan 30, 2021 21:33:24 GMT
Crazy week in the U.S. markets. Retail investors v hedge funds. Way too volatile for me.
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