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Rather suddenly, the state issued fiat currency bolivar lost 99% of its purchasing power. Gresham’s law holds that “bad money drives out good money...

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  • Gresham’s Law and Bitcoin
    By on June 22, 2018 | No Comments  Comments
    Rather suddenly, the state issued fiat currency bolivar lost 99% of its purchasing power. Gresham’s law holds that “bad money drives out good money,” meaning that given a choice of currencies (broadly speaking, “money” that serves as a store of value and a means of exc...
  • Open House Is Now On! | A $1,180 Ticket To New Tradin...
    By on June 20, 2018 | No Comments  Comments
    Dear Reader, Elliott Wave International is opening the doors to its entire lineup of trader-focused Pro Services — but only for a week! It’s a ticket that’s worth $1,180. Now through Sunday, June 24, you get free access to every forecast, every chart, every piece of expert analy...
  • Gold Summer Doldrums 2
    By on June 14, 2018 | No Comments  Comments
    Early summer is the weakest time of the year seasonally for gold, silver, and their miners’ stocks.  With traders’ attention diverted to vacations and summer fun, their precious-metals interest and investment demand wane considerably.  Thus this entire sector, and often the markets in general,...
  • Gold Hit By USDX Squeeze
    By on May 11, 2018 | No Comments  Comments
    Gold was enjoying a solid spring rally until a couple weeks ago, nearing major upside breakouts.  But its nice advance has crumbled since, really weighing on sentiment.  Gold fell victim to a rare major short squeeze in US Dollar Index futures.  The surging USDX motivated gold-futures speculators...
  • Technically Speaking | Bullish Hopes Clash With Beari...
    By on May 10, 2018 | No Comments  Comments
    In this past weekend’s missive, I quoted Jeffrey Hirsch, editor of the “StockTrader’s Almanac,” on the entrance of the market into the “seasonally weak” 6-month period for stocks. “May officially marks the beginning of the ‘Worst Six Months’ for the DJIA and S&P. To wit: ‘Sel...
  • Gold Stocks’ Spring Rally 3
    By on May 3, 2018 | No Comments  Comments
    The gold miners’ stocks have mostly been consolidating low this year, exacerbating bearish sentiment.  Even with gold grinding higher in a solid uptrend and nearing a major upside breakout, the gold stocks just can’t get any love.  But that may be about to change, with gold and its miners’ s...
  • Technically Speaking | 5-Indicators To Watch
    By on May 2, 2018 | No Comments  Comments
    In this past weekend’s newsletter I discussed the market hitting “the wall” last week. This failure at the downtrend resistance keeps us on a defensive posture for now, but still allocated to the market as the longer-term bullish trend remains intact. I know. It’s confusing. However, this is...
  • We Are About to See Who’s Swimming Naked
    By on May 2, 2018 | No Comments  Comments
    Buffett is full of pithy quotes. One of my favorites is, “Only when the tide goes out do you discover who’s been swimming naked.” In the realm of investing, the tide of liquidity (or the amount of money circulating in the markets) is primarily affected by expansions and contractions in two pr...
  • The Three Largest Cryptocurrencies
    By on May 2, 2018 | No Comments  Comments
    With so much focus on bitcoin lately, we’ve added a new weekly update that tracks the three largest cryptocurrencies by market share: bitcoin, Ether, and Ripple. According to Wikipedia, a cryptocurrency is “a digital asset designed to work as a medium of exchange that uses cryptography t...
  • Gold Nearing Bull Breakout
    By on April 26, 2018 | No Comments  Comments
    Gold remains largely forgotten, off the radars of most investors.  But that’s likely to change soon as this leading alternative investment is nearing a major bull breakout.  Once gold climbs to decisive new bull-market highs, sentiment will turn and investors’ interest will surge.  Their resu...
  • Silver Speculators Go Short – Which Is Extremely Bu...
    By on March 28, 2018 | No Comments  Comments
    Friday’s commitment of traders (COT) report for gold and silver offered more of the same. Which is to say the gold futures action was boring and the silver action was strange and exciting. Starting with gold, the large speculators – who, remember, tend to be wrong at big turning points – got a...
  • Technically Speaking: The Bear Still Cometh
    By on February 23, 2018 | No Comments  Comments
    In our portfolio management practice, we focus on weekly and monthly data to smooth out daily volatility. Since we are longer-term investors, our focus remains on being invested during rising (bullish) trends and more heavily weighted to fixed income and cash during declining (bearish) trends. T...
  • Using Recent Bubbles to Estimate a Bottom in Bitcoin
    By on February 7, 2018 | No Comments  Comments
    There is a very good chance we witnessed the top in bitcoin when it hit just under $20,000 in December of 2017. The rapid price gains it achieved last year officially put it in the record books as the largest bubble ever recorded, exceeding even the Tulip Mania of 1634-1637.   With the amount of a...
  • Is the 9-Year Long Dead Cat Bounce Finally Ending?
    By on February 7, 2018 | No Comments  Comments
    Ignoring or downplaying these fundamental forces has greatly increased the fragility of the status quo. The term dead cat bounce is market lingo for a “recovery” after markets decline due to fundamental reversals. Markets tend to bounce back after sharp declines as participants (human an...
  • Gold Upleg Breaking Out
    By on January 31, 2018 | No Comments  Comments
    Gold’s strong upleg accelerated this week, powering to major new breakout highs.  Speculators rushed to buy gold futures following surprising weak-dollar comments from the US Treasury Secretary, which hit the US dollar hard.  That boosted gold to critical technical levels that should really inte...
  • The Fed Will Ignite The Next ‘Financial Crisis&...
    By on January 31, 2018 | No Comments  Comments
    There seems to be a very large consensus the markets have entered into a “permanently high plateau,” or an era in which price corrections in asset prices have been effectively eliminated through fiscal and monetary policy. Partnering with this fairytale like mindset is an overwhelming sense o...

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