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Tag Archives: Forecasts

Video: Weekly Commodity Forecast – Gold, Silver, Crude Oil for 5–9 August 2019

In the present video, Phil Carr from The Gold and Silver Club provides an outlook for gold, silver, and crude oil for the week of August 5–9, 2019. He starts the video by discussing the recent moves of the commodities. Phil also mentions the fact that hedge funds and money managers increased their long positions on gold and silver last week but trimmed their long positions on crude oil....

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Gold Forecast for Week of April 8-12

Gold dipped during the past trading week but managed to recover by the weekend. Furthermore, the metal started this week’s trading with significant gains. Does that mean that traders should be bullish on gold? Not necessarily. The biggest potential problem for bullion is the relatively positive outlook for the US dollar. Traditionally, gold trades inversely to the US currency, and if the greenback indeed rises...

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Charts Both Bulls & Bears Should Consider

There has been a litany of articles written recently discussing how the stock market is set for a continued bull rally and that last year’s 20% decline was just an anomaly. The are some primary points that are common threads among each of these articles which are:  1) interest rates are low, 2) corporate profitability is high, and; 3) the Fed continues to put a floor under stocks, and 4) there is no recession in sight. Each of these arguments, while currently accurate, are based primarily on...

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The Economy IS Slowing

In August of last year, I wrote an article entitled “As Good As It Gets“ which discussed the record levels being set by a broad swath of economic indicators. To wit: “First, “record levels” of anything are records for a reason. It is where the point where previous limits were reached. Therefore, when a ‘record level’ is reached, it is NOT THE BEGINNING, but rather an indication of the MATURITY of a cycle. While the media has focused on employment, record stock market levels, etc. as a...

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What Will Cause The Next Recession?

J. Bradford Delong wrote a very interesting article discussing the trigger for the next recession.  “Three of the last four US recessions stemmed from unforeseen shocks in financial markets. Most likely, the next downturn will be no different: the revelation of some underlying weakness will trigger a retrenchment of investment, and the government will fail to pursue counter-cyclical fiscal policy. Over the past 40 years, the US economy has experienced four recessions. Among the four, only...

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The Problem With Wall Street’s Forecasts

Over the last few weeks, I have been asked repeatedly to publish my best guess as to where the market will wind up by the end of 2019. Here it is: “I don’t know.” The reality is that we can not predict the future. If it was actually possible, fortune tellers would all win the lottery.  They don’t, we can’t, and we aren’t going to try. However, this reality certainly does not stop the annual parade of Wall Street analysts from pegging 12-month price targets on the S&P 500 as if there was...

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Bitcoin Sell-Off Continues As It Approaches Its 2018 Lows

After being unable to stabilize above the important psychological price level of $4,000, the flagship cryptocurrency, Bitcoin (BTC) has continued to sell-off and is now approaching its 2018 lows. Bitcoin’s latest leg down has led to a widespread market drop that has seen many altcoins drop 3% or more over a 24-hour trading period. Bitcoin Not on the Good List for a Santa Rally At the time of writing, Bitcoin is trading down 4.65% in 24 hours at its current price of $3,786 at 19:00 GMT....

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Bitcoin Under Pressure Around $4,000

The flagship cryptocurrency, Bitcoin (BTC ) has recently seen its price drop after it rallied from a sell-off that saw its price plummet below the $4,000 level for the first time since September of 2017. Remarkably, the digital coin has been holding on to this level. According to data from TradingView, the BTC is trading around the $4,022 level at 15:00 GMT, after losing about 8.9% of its value in the past 24-hour period. At the moment, its market capitalization is at $69.6 billion. Exactly...

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Bitcoin Recovers Above $4,000 After a Flurry of Positive Developments

After falling below the $4,000 mark in what seemed to be a dramatic market dump on November 14, Bitcoin (BTC) for the first time since September of 2017, has soared 9.3% on the day to trade at trade at $4,360 at press time. This major bounce has set the flagship cryptocurrency on track for its strongest daily performance since July. The king of cryptos was trading at $3,970 on the Bitstamp platform, after being mauled in a sharp sell-off in cryptocurrencies over the past two weeks. It has...

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Bitcoin Price Recovery Still at Risk as $4,000 Is Still Unconquered

After Bitcoin’s (BTC) days of relative stability at $4,300 level, a fresh wave of selling pressure reemerged on Saturday and washed over crypto investors worldwide, sending the flagship cryptocurrency below its purported support levels at $4,000 and $3,800. The price drop, which came along with an influx of trading volume, came seemingly unanswered initially. Bitcoin’s market capitalization shriveled to a mere $62 billion, while altcoins experienced a sharp sell-off, sending this industry’s...

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