07-JULY 19-2021

More BusinessGood morning.
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.

Gros Morne National Park, NFLD

Lobster Cove Head lighthouse.

July 19, 2019

Good morning.
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!

Ouch!  ;-(

IMG_0712
Come From Aways, Do You?

More Posts

05-MAY 15-2022

Today “small town” in Newfoundland is… Salt Harbour. May 15, 2021 Struggling … how to break bad habits? “Nothing is impossible.  The word itself say, ‘I’m possible.’” –Audrey Hepburn There’s no one single reason why we struggle — to break bad habits, achieve our goals, or excel in our desired domain — but more often than not, the biggest challenge is sitting between your two ears. Yes, your mind is incredibly powerful, and quite frankly, it’s a double-edge sword.  The stories you tell yourself, the things you believe about yourself, and the way you talk to yourself can either be

05-MAY 14-2022

Today! May 14, 2021 Good morning. One year ago, oil prices went negative as traders feared that the pandemic would lead to prolonged drops in oil use and got caught in trades they couldn’t get out of.  Today, oil and gasoline prices have held up well in inventory reports.  However, supply issues remain in the South and up and down the East Coast, even as Colonial pipeline paid a $5 million ransom to the hackers who shut down their system.  A number of states have declared emergencies as supplies have run low. It just goes to show that oil, one

05-MAY 13-2022

Good morning. Meme stocks are back!  Well, sort of. A spike in companies like AMC Entertainment (AMC) and GameStop (GME) occurred yesterday.  GameStop was even halted multiple times on the way up (but not on the way down).  Oddly, this may be an early sign that markets are looking for a short-term bottom, given the sharp reversals higher. On CNBC, analyst Jim Cramer came out against the traders of meme stocks using sites like Reddit’s Wall Street Bets, to find the meme stock opportunities in the first place.  Tough words for someone whose television show features sound effects.  But for

05-MAY 12-2022

Good morning. The good news?  Inflation has slightly slowed on a year-over-year basis, for the first time in seven months.  The bad news?  It’s still high at 8.3 percent.  And it came in higher than expectations. Looking at the data shows some reasons for the unexpected strength.  Most components of CPI still rose more than 6 percent in April.  But soaring food prices – which we’ve warned about fairly often — were a big contributor.  Another big move higher was record airfare prices, as high fuel costs and a reopened economy drove prices up. The data doesn’t give too much

05-MAY 11-2022

Good morning. Typically, growth stocks lead the market.  That’s because these companies have the ability to scale up rapidly, and one of the best signs of a stock heading higher over the long haul is increased earnings. Yet every few years, value stocks have their time to shine.  A year ago, Warren Buffett’s performance as being derided.  Yet he’s buying stocks now.  In contrast, Ark Innovation, the hypergrowth fund managed by Cathie Wood, is now not just down relative to Buffett — but it’s underperforming the S&P 500 since its inception. Can these trends reverse in time?  Yes.  Will they

05-MAY 10-2022

Good morning. Any econ 101 student can tell you that there’s a lag effect between something like, say, the creation of trillions of dollars in spending, and inflation rates reflecting that.  We’re seeing that trend play out today, with the highest inflation levels in decades. The good news?  Some of that new money first went to financial markets, rather than in goods and services.  That helped keep many things affordable, especially during the initial lockdown phase of the pandemic.  But today, we’re seeing the impacts of those past lockdowns (and current ones).  And we’re seeing that handing out money directly

05-MAY 09-2022

Good morning. People don’t mind inflation when it hits things like assets.  When stocks and home prices are rising, consumers feel wealthier.  This “wealth effect” tends to be beneficial to spending, which then become a self-fulfilling prophecy. The 2009-2020 market rally started with this effect.  The bank bailouts propped up the banks, but didn’t cause inflation on Main Street.  Today, thanks to the stimulus measures during the pandemic, Main Street went on a spending binge.  That’s caused a reverse wealth effect as the prices of goods like food and utilities are rising at a rapid rate — but now asset

Like this article?

Share on Facebook
Share on Twitter
Share on Linkdin
Share on Pinterest

Leave a comment

Send Us A Message