Posts Tagged ‘Euro crisis’

THERE IS A HIGH PROBABILITY OF AN IRRATIONAL BUBBLE IN GOLD

THERE IS A HIGH PROBABILITY OF AN IRRATIONAL BUBBLE IN GOLD

Courtesy of The Pragmatic Capitalist 

Wrapped gift

Ben Bernanke is confused.  And no, it’s not just the monetary system that continues to confound him.  This time it’s gold prices.  During yesterday’s Congressional testimony Bernanke was asked about the surging price of gold and if that is a sign of no confidence in fiat currencies.  He responded:

“Well the signal that gold is sending is in some ways very different from what other asset prices are sending.  For example, the spread between nominal and inflation index bonds remains quite low – suggesting just 2% inflation over the next 10 years.  Other commodity prices have fallen recently quite severely including oil prices and food prices.  So gold is out there doing something different from the rest of the commodity group.  I don’t fully understand the movements in the gold price, but I do think there’s a great deal of uncertainty and anxiety in financial markets right now and some people believe that holding gold will be a hedge against the fact that they view many other investments as being risky and hard to predict at this point.”

Mr. Bernanke is no dummy.  I know I am a bit hard on him at times, but that is only because he is supposedly the Michael Jordan of the financial system so expectations are high.  Unfortunately, he has performed more like Luc Longley (no offense to the superb Aussie readers here).  Nonetheless, Mr. Bernanke understands that inflation pressures remain very low (even though he has failed to apply or promote the proper solution to our current balance sheet recession).  Aside from gold prices there are no signs of inflation in the economy.  But I believe gold prices are moving higher due to the public’s opposition to fiat currency, fiscal stimulus and what is generally viewed as continued “money printing”. This is highly irrational in the long-term in my opinion and creates the potential for gold to turn into a bubble is looking increasingly high.

Gold prices have surged this year as the Euro crisis has created increasing concerns over the viability of fiat money. I have previously discussed the great irony here.   Gold is viewed as a hedge against the potential collapse of paper currencies .  It is seen as the ultimate safe haven currency.  The Euro…
continue reading


Tags: , , , , , , ,




 
 
 

ValueWalk

IRS to correct missing/wrong coronavirus stimulus checks errors

By Aman Jain. Originally published at ValueWalk.

There were several issues with the first round of stimulus checks. Many, who were eligible didn’t get the stimulus checks, while some got less than what they were eligible for. The IRS, previously, said it wouldn’t adjust such coronavirus stimulus checks errors until next year. Now we know that the agency could address some missing and wrong coronavirus stimulus checks this year.

Q2 2020 hedge fund letters, conferences and more

IRS to adjust missing/wrong coronavirus stimulus checks

Initially, the IRS noted that Americans who got stimulus checks of...



more from ValueWalk

Zero Hedge

Futures Slide After Trump Opens A "Most Unwelcome Can Of Worms" With TikTok, WeChat Executive Order

Courtesy of ZeroHedge View original post here.

World stocks ended a four day rally overnight that pushed the MSCI World index to green for the year, after U.S. President Trump cranked up simmering tensions with China after late on Thursday has signed orders to ban Americans from transactions involving China’s ByteDance (TikTok’s parent) and WeChat (owned by Tencent), taking effect in 45 days. Furthermore, Trump’s Working Group on Financial Markets recommended that Chinese companies currently listed on US exchanges should be delisted if they do not become compliant w...



more from Tyler

Phil's Favorites

Post-COVID, there'll be less of a reason to cut company tax than before

 

Post-COVID, there'll be less of a reason to cut company tax than before

Andrey Bayda/Shutterstock

Courtesy of Janine Dixon, Victoria University and Jason Nassios, Victoria University

They’re at it again, pushing lower company tax as a way to resuscitate the economy.

The arguments were well ventilated at the time the government pushed for ...



more from Ilene

The Technical Traders

Everything You Need to Know About Silver... and More

Courtesy of Technical Traders

Listen to Chris talk with Jim about Silver on Silver Radio. Chris and Jim explore the effect on Silver prices if a Black Swan event occurs, potential bullion shortage. They also talk about silver shorts and the ‘natural’ price of silver but-for market manipulation. We still think Silver will be the Super Hero of metals! Listen up as all of your questions about silver are answered here.

...

more from Tech. Traders

Kimble Charting Solutions

Silver Headed Back To $50, Top Of The Cup & Handle Pattern?

Courtesy of Chris Kimble

Could Silver be creating a multi-decade bullish “Cup & Handle” pattern? Possible!

Did a retest of a handle breakout take place in March at (1), where Silver created one of the largest bullish reversals in decades? Possible!

Could Silver be creating a 40-year bullish pattern? Anything is possible! I humbly have to say share this; I’ve been in the business for 40-years and I haven’t seen anything like this.

Silver looks to have double topped back in 2011 at $50, which was the 1980 highs. After double topping, Silver ...



more from Kimble C.S.

Biotech/COVID-19

What the huge COVID-19 testing undercount in the US means

 

What the huge COVID-19 testing undercount in the US means

Health care workers use a nasal swab to test a person for COVID-19 in Pembroke Park, Florida. Joe Raedle / Getty Images News

Courtesy of Melissa Hawkins, American University

Researchers from the Centers for Disease Control and Prevention and other institutions recently published a study which estimated that the true number of people infected by COVID-19 could be six to 24 times high...



more from Biotech/COVID-19

Chart School

RTT browsing latest..

Courtesy of Read the Ticker

Please review a collection of WWW browsing results. The information here is delayed by a few months, members get the most recent content.



Date Found: Sunday, 29 March 2020, 07:00:37 PM

Click for popup. Clear your browser cache if image is not showing.


Comment: Silver Shorts Are In a Bind | Ted Butler youtu.be/qQc0AoJp-Q8



Date Found: Monday, 30 March 2020, 05:21:45 PM

Click for popup. Clear your browser cache if image is not showing.


Comment: 5 Questions From You for Luke Gromen youtu.be/nVZD_fuxbQE


...

more from Chart School

Digital Currencies

Twitter Says "Human Error" And "Spear-Phishing Attack" Responsible For Massive Bitcoin Hack

Courtesy of ZeroHedge

Twitter suffered from a major hack about two weeks ago and has now said that its staff was tricked by "spear-phishing", which is a targeted attack to trick people into simply handing out their passwords. 

Twitter staff were targeted through their phones, according to a new report from the BBC. The attacks then allowed hackers the ability to Tweet from celebrity Twitter accounts. Twitter has said it was "taking a hard look" at how it could improve its permissions and processes.

"The attack on July 15, 2020, targeted a small number of employees through a phone spear phishing attack. This attack relied on ...



more from Bitcoin

Lee's Free Thinking

Texas, Florida, Arizona, Georgia - The Branch COVIDIANS Are Still Burning Down the House

 

Texas, Florida, Arizona, Georgia – The Branch COVIDIANS Are Still Burning Down the House

Courtesy of Lee Adler, WallStreetExaminer 

The numbers of new cases in some of the hardest hit COVID19 states have started to plateau, or even decline, over the past few days. A few pundits have noted it and concluded that it was a hopeful sign. 

Is it real or is something else going on? Like a restriction in the numbers of tests, or simply the inability to test enough, or are some people simply giving up on getting tested? Because as we all know from our dear leader, the less testing, the less...



more from Lee

Members' Corner

Coronavirus, 'Plandemic' and the seven traits of conspiratorial thinking

 

Coronavirus, 'Plandemic' and the seven traits of conspiratorial thinking

No matter the details of the plot, conspiracy theories follow common patterns of thought. Ranta Images/iStock/Getty Images Plus

Courtesy of John Cook, George Mason University; Sander van der Linden, University of Cambridge; Stephan Lewandowsky...



more from Our Members

Insider Scoop

Economic Data Scheduled For Friday

Courtesy of Benzinga

  • Data on nonfarm payrolls and unemployment rate for March will be released at 8:30 a.m. ET.
  • US Services Purchasing Managers' Index for March is scheduled for release at 9:45 a.m. ET.
  • The ISM's non-manufacturing index for March will be released at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
...

http://www.insidercow.com/ more from Insider

Promotions

Free, Live Webinar on Stocks, Options and Trading Strategies

TODAY's LIVE webinar on stocks, options and trading strategy is open to all!

Feb. 26, 1pm EST

Click HERE to join the PSW weekly webinar at 1 pm EST.

Phil will discuss positions, COVID-19, market volatility -- the selloff -- and more! 

This week, we also have a special presentation from Mike Anton of TradeExchange.com. It's a new service that we're excited to be a part of! 

Mike will show off the TradeExchange's new platform which you can try for free.  

...

more from Promotions

Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

more from M.T.M.





About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

Learn more About Phil >>


As Seen On:




About Ilene:

Ilene is editor and affiliate program coordinator for PSW. Contact Ilene to learn about our affiliate and content sharing programs.