The market can have small selloffs all the time, and often for seemingly no reason. Those drops help keep speculation in check, and help rotate from big winners to the next batch of stocks to lead the market higher. One risk that can warn of impending market danger is concentration.
If the market is rising and most stocks are going along for the ride, that’s a healthy move. When only a handful of stocks are moving the market, that’s a sign that things could get ugly. One sign of concentration can be seen in options volume. For July, just 5 big-tech stocks dominated a whopping 87 percent of options trades. That doesn’t mean a big market move down is likely, only that traders should be cautious and mindful of higher volatility.
Precious Metals Prices
Price at week’s end (change over last week)
Gold … $1,813.68 (+0.2%)
Silver … $25.75 (-1.6%)
Platinum … $1,109.97 (-0.3%)
Palladium …$2,664.19 (-6.4%)
Now here’s the rest of the news:
Highest Inflation in Thirty Years Vs. Denial, Hand-Waving and Excuses
The latest inflation numbers have once again demonstrated the Fed’s willingness to sabotage your buying power. Most are in denial of this clear pattern – but you don’t have to be… [Read Here]
Gold “Underpriced,” Heading Back to $2,000: Goldman Sachs
Goldman Sachs thinks gold’s price compared to real (inflation-adjusted) interest rates shows a big upside for gold. And that’s not all. Here’s why physical gold looks even better… [Read Here]
July 19, 2020
Today!!! Is my sister’s birthday … HAPPY BIRTHDAY SHARON.
Here’s to a better YOU … and now … Today’s DarrenDaily Recap Sunday. A collection of the weeks videos from Darren Hardy. Enjoy!
Describing its beauty!!! Gros Morne National Park, Newfoundland, Canada.
Lobster Cove Head lighthouse.
July 19, 2019
Down 35 percent from recent highs, Bitcoin prices prove that volatility is the norm for the gold standard of crypto-currencies. A congressional hearing on Facebook’s pro-posed Libra currency this week hasn’t helped matters at all.
But while Bitcoin detractors win the occasional battle, the ‘supporters of cryptocurrency’ see nothing short of total victory. John McAfee, who once stated on Twitter that he will consume his … anatomy … if the currency is below $500,000 per token by the end of 2020, say he’s still positive that the currency may even be closer to $1 million per token by then.
Oh, and U.S. consumer debt recently hit $14 trillion!