The Panic of Hyperinflation vs The Stock Market Crash - Steve Penny
$60K is now more likely for Bitcoin than $20K, Bloomberg's senior strategist asserts
By Yashu Gola
The analyst also treats the latest crypto ban in China as bullish for Bitcoin and the U.S. dollar.
$60K is now more likely for Bitcoin than $20K, Bloomberg's senior strategist assertsMARKETS NEWS
Bitcoin (BTC) has a better probability of recovering back to $60,000 than breaking below its current support level of $30,000 to target $20,000, believes Mike McGlone, senior commodity strategist at Bloomberg Intelligence.
A screenshot from McGlone's latest analysis on the flagship cryptocurrency, first shared by Bloomberg senior ETF analyst Eric Balchunas, shows him comparing Bitcoin's ongoing price action with the "too-cold" period of the 2018–2019 trading session.
In detail, the BTC/USD exchange rate entered a prolonged consolidation period near $4,000 following an 80%-plus crash in 2018, but a sudden run-up in 2019 sent its prices to as high as $14,000 on some exchanges.
The Adoption Rate of this Obscure Commodity Will be the Fastest of All Commodities
Pop quiz: What do Norway, Nestlé, and NASCAR have in common?
Or what about Leonardo DiCaprio, President Biden… and JetBlue?
They’re all among the companies, celebrities, cities, and countries that have made commitments to curb their contributions to climate change.
Or eliminate them entirely.
And they’re all using the exact same tactic to do so.
It’s one you’ve probably never heard of…
In fact, it’s a commodity so new that it doesn’t even have an official market yet.
There are no quotes or tickers on Yahoo! Finance, Financial Post or Google Finance …Pricing is almost impossible to find.
But it’s on the verge of erupting onto the world stage.
In a few years, even your Uber driver—will know everything about it.
Sector-Based Investing 101 (Simple Sector Rotation Strategy)
Looking for value? This country has plenty of it…
By Genia Turanova
If you’re a value investor, rejoice.
Value stocks—the cheaper half of the market—have rallied sharply from their 2020 lows.
Including dividends, these stocks are up 16% this year alone.
And they have plenty more room to run…
Today, I’ll tell you my favorite way to play the value card to its fullest… not only to boost your income, but to inflation-proof your portfolio.
There’s no magic formula that defines value vs. growth.
Essentially, the market is split in half… and the cheaper half is “value.”
Value stocks are the ones with lower price-to-earnings (P/E), price-to-sales (P/S), or price-to-book (P/B) metrics than their growth peers.
Accounting for half of the market, value is a large and diverse group.
While the Fed Fiddles, the Dollar Burns: Dollar’s Purchasing Power Plunged at Fastest Pace since 1982
Defying economists’ expectations for sixth month in a row, inflation heats up instead of easing off. And it’s a lot worse than it seems.
By Wolf Richter for WOLF STREET.
The Consumer Price Index jumped 0.9% in June from May, after having jumped 0.6% in May, and 0.8% in April – all of them the steepest month-to-month jumps since 2009, according to the Bureau of Labor Statistics today. The CPI without the volatile food and energy components (“core CPI”) jumped by 0.8% for the month and by 9.5% for the past three months annualized, the red-hottest “core CPI” since June 1982.
On an annual basis, including the periods of low inflation last fall, CPI jumped 5.4%. The CPI tracks the loss of the purchasing power of the consumer dollar – everything denominated in dollars for consumers, including what they can buy with their labor – and this dollar has dropped at a rate of 10.7% over the past three months annualized, the fastest drop since June 1982
Several Factors Are Aligning for Silver’s Breakout
By Andrey Dashkov, analyst, Casey Research
Silver could be this year’s breakthrough metal.
In 2020, it outperformed gold by a wide margin. As the yellow metal returned 25%, silver soared almost twice as much last year.
Amid unprecedented uncertainty caused by the pandemic, it worked as a safe haven… just as we would expect it to.
But there’s another angle to the silver story… and I believe it will drive the next leg of the silver bull market this year and beyond.
I’ll show you what I mean in a moment.
First, if this is your first time reading the Dispatch, welcome. If you’ve been here before, welcome back.
$10 Gas Price Spike Prediction
How to Retire Early By Age! (What FIRE Gets Wrong)
Using Disaster Capitalism to Control All Humans – Catherine Austin Fitts
By Greg Hunter
Investment advisor and former Assistant Secretary of Housing Catherine Austin Fitts contends CV19 and vaccines to cure it are all part of the “Going Direct Reset.” Fitts explains, “This is so simple at the root. The central bankers are using the government to shut down the main street economy, and then they are going direct and injecting money into the private equity firms and Wall Street who are running around the country buying things. Think of this as a leverage buyout of the world. We are being purchased with our own money. Also, we are liable. If you look at all the debt the government is issuing, our assets are liable for that debt. This is a continuation and consolidation of the financial coup that we have been taking about.”
Fitts goes on to say, “We have had a small group of people who have
Max Keiser Doubles Down on Bitcoin Price Forecast of $220,000 by Year-End; No Fear, No Doubt
Pumped Full of Drugs, This Economy is Hooked! – Jerry Robinson
Explosive Road Map to 65$ Silver!
My two most epic charts. Let's start with silver's big brother, gold. Because where gold goes, it sniffed out in advance the monetary imbalances, that eventually silver prices in.
The above point and figure chart reduces noise on time scale. It focuses on giving you a clear picture of important breakout lines, support and resistance.
Check out the bullish descending broadening wedge pattern from the textbooks. Can you now spot it in the above chart?
That is one explosive setup!
Now the layup to the silver chart. Again, point and figure to reduce time noise. The time scale is meaningless going forward. Just pure price action analysis.
I left the volume profiling on the right scale to demonstrate the take-off platform currently morphing into existence. Once silver closes above 28 on a monthly basis, it's rocket ship time!
