Referral Program as an essential part of company’s enterprises.

It all started in 2009 when Bitcoin software becomes available to the public. It had never been traded. But things changed in 2010 when Bitcoin was valued for the first time. Someone decided to sell 10.000 bitcoins for two Papa John’s pizzas. In 2012 Bitcoin prices started at $5.27, then growing to $13.30 for the year. And by 9 January, the price had risen to $7.38.

Further in 2013, prices started at 13.30, rising to $770 by January 2014. But worldwide attention Bitcoin gained at the end of 2017; its value grew close $20,000. And then, Bitcoin became more popular and continues to gain momentum.

Now Bitcoin and crypto are developing in an alarming way; consequently, many investment companies and platforms appear. With them you can invest and make money, this includes our company – M8Trade.

Who are we? M8Trade is an investment company. With us, you can invest money and make a profit. We use market volatility; this allows us to make more profit for the investors. Also, we use deep market analysis; this enables us to make a profit for trading. We have a vast variety of investment packages: from silver to platinum, you can choose the most appropriate one for you. Moreover, M8Trade has a large number of professionals; they work 24/7 to make the interface and company better. So, security, detailed analytic, and business approach-its all about m8Trade.

Also, a significant part of our company is a Referral Program. This program helps to make more profit for each of the members by attracting new customers.

It has many pros- the company gets new clients, and clients get profit.

Unlimited earning opportunities, regular referral profit, and zero commission-all are advantages of our referral program. So, it takes only three simple steps to start using the program. The first step is to sign up for free, the second step – to choose a suitable investment package. The third one is just relaxing and looking at the dynamics of investment growth.

Daily Gold News: Wednesday, August 25 – Gold Back Below $1,800 Again

The gold futures contract gained 0.12% on Tuesday, as it fluctuated within a relatively narrow daily trading range following Monday’s advance of 1.25% and a breakout above a short-term consolidation following the mid-August advances. The market also broke above the $1,800 price mark on Monday and it got back to July consolidation of $1,790-1,840. But this morning gold is trading slightly below the $1,800 price level again, as we can see on the daily chart (the chart includes today’s intraday data):

Today gold is 0.6% lower, as it is retracing some of Monday’s advance. What about the other precious metals? Silver is 0.6% lower, platinum is 1.5% lower and palladium is 1.0% lower. So precious metals’ prices are lower this morning.

Yesterday’s New Home Sales release has been better than expected at 708,000 but Richmond Manufacturing Index has been worse than expected at only 9. Today we will get the Durable Goods Orders number at 8:30 a.m.

The markets will be waiting for the Jackson Hole Symposium that begins on Thursday. On Friday we will get a speech from the Fed Chair Powell.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Wednesday, August 25

  • 4:00 a.m. Eurozone – German ifo Business Climate
  • 8:30 a.m. U.S. – Durable Goods Orders m/m, Core Durable Goods Orders m/m

Thursday, August 26

  • 8:30 a.m. U.S. – Preliminary GDP q/q, Unemployment Claims, Preliminary GDP Price Index q/q
  • All Day, U.S. – Jackson Hole Symposium Day 1

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Tuesday, August 24 – Gold Above $1,800 Again

The gold futures contract gained 1.25% on Monday, as it broke above its short-term consolidation following the mid-August advances. The market also broke above the $1,800 price mark. It got back to July consolidation of $1,790-1,840. This morning gold is trading along yesterday’s closing price, as we can see on the daily chart (the chart includes today’s intraday data):

Today gold is 0.1% lower, as it is trading slightly above the $1,800 price level. What about the other precious metals? Silver is 0.5% higher, platinum is 0.4% higher and palladium is 3.0% higher. So precious metals’ prices are mixed this morning.

Yesterday’s U.S. Flash Manufacturing PMI, Flash Services PMI releases have been worse than expected and the Existing Home Sales release has been better than expected. But the stock market reached new record high and gold followed higher. Today we will get the New Home Sales and Richmond Manufacturing Index releases.

The markets will be waiting for the Jackson Hole Symposium that begins on Thursday.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Tuesday, August 24

  • 10:00 a.m. U.S. – New Home Sales, Richmond Manufacturing Index

Wednesday, August 25

  • 4:00 a.m. Eurozone – German ifo Business Climate
  • 8:30 a.m. U.S. – Durable Goods Orders m/m, Core Durable Goods Orders m/m

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Monday, August 23 – Gold Slightly Below $1,800

The gold futures contract gained 0.05% on Friday, as it further extended its short-term consolidation following the mid-August advances. The market continues to trade just below the $1,800 price level after bouncing from the August 9 local low of 1,675.90. This morning gold is trading along its Friday’s daily high, as we can see on the daily chart (the chart includes today’s intraday data):

Today gold is 0.6% higher, as it gets closer to $1,800 price level again. What about the other precious metals? Silver is 2.0% higher, platinum is 2.4% higher and palladium is 2.5% higher. So precious metals’ prices are higher this morning.

On Friday we didn’t get any new important economic data releases. Today we will have the U.S. Flash Manufacturing PMI, Flash Services PMI and Existing Home Sales releases. The markets will be waiting for the Jackson Hole Symposium that begins on Thursday.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Monday, August 23

  • 3:30 a.m. Eurozone – German Flash Manufacturing PMI, German Flash Services PMI
  • 9:45 a.m. U.S. – Flash Manufacturing PMI, Flash Services PMI
  • 10:00 a.m. U.S. – Existing Home Sales

Tuesday, August 24

  • 10:00 a.m. U.S. – New Home Sales, Richmond Manufacturing Index

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Friday, August 20 – Gold’s Low Volatility

The gold futures contract lost 0.07% on Thursday, as it extended its short-term consolidation following the recent advances. The market got close to $1,800 price level after bouncing from the August 9 local low of 1,675.90. Despite an increased volatility on the stock market, the yellow metal has been fluctuating within a relatively narrow trading range since Monday. This morning gold is trading sideways again, as we can see on the daily chart (the chart includes today’s intraday data):

Today gold is 0.2% higher, as it continues to trade slightly below $1,800 price level. What about the other precious metals? Silver is 0.2% lower, platinum is 0.4% higher and palladium is 0.1% lower. So precious metals’ prices are mixed this morning.

Yesterday’s Philly Fed Manufacturing Index release has been worse than expected at 19.4 and the Unemployment Claims release has been slightly better than expected at 348,000. Today we won’t get any new important economic data releases.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for today:

Friday, August 20

  • 8:30 a.m. Canada – Retail Sales m/m, Core Retail Sales m/m

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Thursday, August 19 – Gold Going Sideways Despite Stocks’ Sell-off

The gold futures contract lost 0.19% on Wednesday, as it continued to fluctuate following the recent advances. The market extended its short-term uptrend from last Monday’s local low of 1,675.90 and it got close to $1,800 price level. Gold has retraced more of its previous Friday’s-Monday’s sell-off. This morning gold is trading sideways again, as we can see on the daily chart (the chart includes today’s intraday data):

Today gold is 0.1% higher, as it is trading slightly below $1,800 price level. What about the other precious metals? Silver is 0.5% lower, platinum is 2.7% lower and palladium is 2.5% higher. So precious metals’ prices are mixed this morning.

Yesterday’s FOMC Meeting Minutes release led to stock market’s sell-off, but gold remained within a consolidation. Today we will get the Philly Fed Manufacturing Index, Unemployment Claims and CB Leading Index releases.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Thursday, August 19

  • 8:30 a.m. U.S. – Philly Fed Manufacturing Index, Unemployment Claims
  • 10:00 a.m. U.S. – CB Leading Index m/m

Friday, August 20

  • 8:30 a.m. Canada – Retail Sales m/m, Core Retail Sales m/m

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Wednesday, August 18 – Gold Fluctuates Below $1,800 Price Level

The gold futures contract lost 0.11% on Tuesday, as it fluctuated following the recent advances. The market extended its short-term uptrend from last Monday’s local low of 1,675.90 and it got close to $1,800 privce level. Gold has retraced more of its previous Friday’s-Monday’s sell-off. This morning gold is trading sideways, as we can see on the daily chart (the chart includes today’s intraday data):

Today gold is 0.1% lower, as it is still trading below $1,800 price level. What about the other precious metals? Silver is 0.1% higher, platinum is 0.6% higher and palladium is 0.5% higher. So precious metals’ prices are mixed this morning.

Yesterday’s Retail Sales release has been worse than expected at -1.1%. Today we will get the FOMC Meeting Minutes release at 2:00 p.m. We will also have Building Permits, Housing Starts releases.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Wednesday, August 18

  • 8:30 a.m. U.S. – Building Permits, Housing Starts
  • 8:30 a.m. Canada – CPI m/m
  • 2:00 p.m. U.S. – FOMC Meeting Minutes
  • 9:30 p.m. Australia – Employment Change, Unemployment Rate

Thursday, August 19

  • 8:30 a.m. U.S. – Philly Fed Manufacturing Index, Unemployment Claims
  • 10:00 a.m. U.S. – CB Leading Index m/m

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Tuesday, August 17 – Gold Higher Ahead of Data Releases, Fed-talk

The gold futures contract gained 0.65% on Monday, as it further extended its short-term uptrend from last Monday’s local low of 1,675.90. The market has retraced more of its previous Friday’s-Monday’s sell-off. On Friday it came back closer to mid-July consolidation along the $1,800 price level and this morning gold is trading just below that resistance level, as we can see on the daily chart (the chart includes today’s intraday data):

Today gold is 0.4% higher, as it is trading close to $1,800 price level. What about the other precious metals? Silver is 0.1% higher, platinum is 0.4% higher and palladium is unchanged. So precious metals’ prices are slightly higher this morning.

Yesterday’s Empire State Manufacturing Index release has been worse than expected at 18.3. But then, the President Biden’s speech on Afghan crisis lifted stock prices along with precious metals, oil.

Today we will get the important Retail Sales release and the Fed Chair Powell speech. We will also have the Industrial Production and Business Inventories releases.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Tuesday, August 17

  • 8:30 a.m. U.S. – Retail Sales m/m, Core Retail Sales m/m
  • 9:15 a.m. U.S. – Industrial Production m/m, Capacity Utilization Rate
  • 10:00 a.m. U.S. – Business Inventories m/m, NAHB Housing Market Index
  • 1:30 p.m. U.S. – Fed Chair Powell Speech

Wednesday, August 18

  • 8:30 a.m. U.S. – Building Permits, Housing Starts
  • 8:30 a.m. Canada – CPI m/m
  • 2:00 p.m. U.S. – FOMC Meeting Minutes
  • 9:30 p.m. Australia – Employment Change, Unemployment Rate

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Monday, August 16 – Gold Closer to $1,800 Again

The gold futures contract gained 1.51% on Friday, as it extended its short-term uptrend from last Monday’s local low of 1,675.90. The market has retraced more of its previous Friday’s-Monday’s sell-off. On Friday it came back closer to mid-July consolidation along the $1,800 price level. This morning, gold is trading along Friday’s closing price, as we can see on the daily chart (the chart includes today’s intraday data):

Today gold is 0.1% lower, as it is trading slightly below its last Friday’s daily high of $1,781.90. What about the other precious metals? Silver is 1.0% lower, platinum is 1.7% lower and palladium is 1.2% lower. So precious metals’ prices are lower this morning.

Friday’s Producer Price Index Consumer Sentiment release has been much worse than expected at 70.2. Today we will get the Empire State Manufacturing Index, TIC Long-Term Purchases releases. But the markets will be waiting for tomorrow’s important Retail Sales release and the Fed Chair Powell speech.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Monday, August 16

  • 8:30 a.m. U.S. – Empire State Manufacturing Index
  • 4:00 p.m. U.S. – TIC Long-Term Purchases

Tuesday, August 17

  • 8:30 a.m. U.S. – Retail Sales m/m, Core Retail Sales m/m
  • 9:15 a.m. U.S. – Industrial Production m/m, Capacity Utilization Rate
  • 10:00 a.m. U.S. – Business Inventories m/m, NAHB Housing Market Index
  • 1:30 p.m. U.S. – Fed Chair Powell Speech

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Gold and Silver Length Cut in Half; Agriculture Bought on Weather Woes

Saxo Bank publishes weekly Commitment of Traders reports (COT) covering leveraged fund positions in commodities, bonds and stock index futures. For IMM currency futures and the VIX, we use the broader measure called non-commercial.

The summary below highlights futures positions and changes made by hedge funds across commodities, forex and financials up until last Tuesday, August 10. A week where hawkish comments from Clarida, the Fed vice-chair and strong jobs report saw markets starting to price in an earlier than expected unwinding of the Fed’s massive stimulus program.

These developments helped trigger a one percent increase in the Bloomberg Dollar index while ten-year inflation protected yields jumped 16 basis points just after hitting a record low. Stocks saw another growth to value rotation while commodities traded mixed with heavy selling in precious metals being partly offset by continued buying across the agriculture sector. Energy and industrial metals also suffering setbacks on demand concerns in response the continued spreading of the delta coronavirus variant.

Commodities

The Bloomberg Spot index lost 1% during the reporting week to August 10, as the continued spreading of the delta coronavirus variant in Asia and parts of the US raised concerns about demand for key commodities such as crude oil and copper. Investment metals slumped on rising yields and dollar while the agriculture sector remained to the go to sector with adverse weather across the world providing a boost to both grains and softs.

Overall, the total net long across 24 major commodity futures was cut by 4% to 2.2 million lots with selling of crude oil, gas oil, gold, silver, and copper being only partly offset by demand for sugar, soybeans, corn, and wheat

16olh_cot1

Energy

Continued crude oil weakness saw speculators cut their net length in WTI and Brent for a second week to an eight-month low. This in response to demand worries caused by the rapid spreading of the delta coronavirus variant, not least in China were a relatively small number of cases has led to renewed shutdowns and restrictions on movements.

The combined long was cut by 48k lots to 566k, but just like the previous week reduction, the change was solely driven by long liquidation with no signs of appetite for naked short selling. Probably due to the belief the disruption will be transitory and that OPEC and friends, if necessary, will adjust production to support the price.

Monday morning comment: Crude oil trade lower for a third day with Brent back below $70after key oil consumer China released weaker than expected retail sales and industrial production data and following Friday’s very weak sentiment reading. These developments support IEA’s latest downgrade to demand for the months ahead as a resurgent delta coronavirus variant is impactingdemand across the world. Also, in the US there are signs shale producers are ramping up activities with the number after the number of rigs last week rose by 10 to 397, marking the biggest jump since April.

Metals

Speculators more than halved their gold and silver longs during a very troubling week for precious metals. The week covered a renewed rise in bond yields following Fed vice-chair Clarida’s hawkish comments and the strong jobs report culminating in last Monday’s flash crash. In response to these for metals adverse developments, the gold net length was cut by 52% to 51k lots while the silver length collapsed by 54% to just 12k lots, a fifteen months low.

Platinum, which during the week saw its discount to gold rise to $800 from an April low at $500 saw continued selling with the recently established net short more than doubling to a 13-month high at 9k. Rangebound copper was sold for a second week with the net long dropping 19% to 32k lots, thereby reversing half the buying seen since the June low at 19k lots.

Monday morning comment:

Gold finished last week on a firmer footing after a much weaker than expected University of Michigan sentiment (see below) helped deflate some of the buildup taper angst with Treasury yields and the dollar traded lower ahead of the weekend. Both paused their retreat overnight with gold and silver drifting lower as a result. A major band of resistance has emerged between $1790 and $1815 while support needs to hold around the $1750 area.

Following last Monday’s flash crash, speculators slashed their gold and silver net longs by more than 50% leaving the market exposed to fresh buying on a break higher. This week the market will be watching a speech by Fed chair Powell, as well as minutes of the Fed’s last meeting.

16olh_cot2

Agriculture

Continued price gains across the agriculture sector helped drive another week of speculative buying in both grains and softs. Adding to the support was the grain market gearing up for an expected price supportive monthly supply and demand report from the US Department of Agriculture last Thursday. A report that turned out to justify the recent buying, not least in wheat which surged higher on weather related production reductions in the US, Canada and Russia.

The world is potentially facing a supply issue with high protein milling wheat used for human consumption in bread, and that explains why Paris Milling wheat and Kansas HRW wheat both trade higher by more than 10% this month. Overall, the net length in Chicago and Kansas wheat was increased by 10k lots to 64k, still substantially below the interest seen in corn (254k) an soybeans complex (180k)

Sugar is another highflyer due to lower supplies from frost and drought hit regions in Brazil, and news India, the world’s second largest shipper is considering diverting canes towards the production of biofuel to curb imports of increasingly expensive crude oil. The net length in raw sugar futures rose 7% to a five-year high at 265k lots. The cotton long reached a three-year high at 73k lots while the coffee long suffered a setback after the price retraced from a multi-year high above $2/lb.

16olh_cot3

Forex

Speculators increased bullish dollar bets in response to the early August strong jobs report and hawkish Clarida comments. The reporting week ended last Tuesday when several currencies was under pressure from a strong greenback, not least the euro which was challenging key support at €1.17. In response to these developments, the net dollar long against ten IMM currency futures and the Dollar index jumped one-third to a fresh 17-month peak at $4.8 billion.

Selling was broad but mostly concentrated in euros, Japanese yen and Aussie dollar while short covering helped flip the Sterling position back to a net long.

16olh_cot4

What is the Commitments of Traders report?

The COT reports are issued by the U.S. Commodity Futures Trading Commission (CFTC) and the ICE Exchange Europe for Brent crude oil and gas oil. They are released every Friday after the U.S. close with data from the week ending the previous Tuesday. They break down the open interest in futures markets into different groups of users depending on the asset class.

  • Commodities: Producer/Merchant/Processor/User, Swap dealers, Managed Money and other
  • Financials: Dealer/Intermediary; Asset Manager/Institutional; Leveraged Funds and other
  • Forex: A broad breakdown between commercial and non-commercial (speculators)

The reasons why we focus primarily on the behavior of the highlighted groups are:

  • They are likely to have tight stops and no underlying exposure that is being hedged
  • This makes them most reactive to changes in fundamental or technical price developments
  • It provides views about major trends but also helps to decipher when a reversal is looming

Ole Hansen, Head of Commodity Strategy at Saxo Bank.

Start trading now

This article is provided by Saxo Capital Markets (Australia) Pty. Ltd, part of Saxo Bank Group through RSS feeds on FX Empire

Gold Is Ready for a Reversal

 

Gold is in a proper V-shape reversal bouncing from the 38,2% Fibonacci. That can be the end of the bear market.

Silver is in a slightly worse situation but still it bounced from an important horizontal support.

Platinum is respecting the Fibonacci levels. For the buy signal, we need to see a breakout of the 38,2% level.

Palladium is inside a mid-term symmetric triangle. A breakout will show us a direction.

Crude Oil is defending a crucial horizontal support at the 66,5 USD/bbl but for how long?

The Dow Jones is in a pessimistic candlestick pattern on the daily chart but there’s still time to deny it.

The EURUSD is in a false bearish breakout below the neckline of the Head and Shoulders pattern. This can be a positive signal.

The GBPAUD is escaping from the pennant to the upside.

The GBPCHF is testing the neckline and the upper line of the wedge but this time, from the upside. As long as the price is above, the sentiment is positive.

For a look at all of today’s economic events, check out our economic calendar.

Gold Forecast – Gold Finishes Strong After Collapsing Below $1700

Before we jump into the weekend, I wanted to mention the weekly chart of gold.

GOLD WEEKLY: A close above $1760 on Friday would create a bullish hammer and a potential Double Bottom. Upside follow-through above $1800 next week would promote an intermediate low with a breakout above $1920 required to confirm the next bull market advance.

Chart

Description automatically generated

Note- A sustained breakdown below this week’s low ($1675) would support more weakness in precious metals and a possible dip to $1550 or lower in gold.

Our Gold Cycle Indicator hit ZERO on Tuesday, triggering a Portfolio Buy Signal. Currently, the GCI is sitting at 18.

Graphical user interface, text

Description automatically generated

Covid Update

Our analysis supports a rigorous battle with Covid returning this Fall with a potential surge into precious metals as a store of safety. Watch for spiking demand in physical investment bars and coins as an early warning.

AG Thorson is a registered CMT and expert in technical analysis. He believes we are in the final stages of a global debt super-cycle. For regular updates, please visit here.

For a look at all of today’s economic events, check out our economic calendar.

Daily Gold News: Friday, August 13 – Gold Trades Above $1,750

The gold futures contract lost 0.09% on Thursday, as it fluctuated following Wednesday’s advance. The market has retraced more of its Friday’s-Monday’s sell-off. Gold accelerated its short-term downtrend on Monday as it quickly fell to the late June local low of $1,675.90 before bouncing back above $1,700 price level. This morning, gold is trading above yesterday’s closing price, as we can see on the daily chart (the chart includes today’s intraday data):

Today gold is 0.4% higher, as it is trading above $1,750 price level. What about the other precious metals? Silver is 1.1% higher, platinum is 0.2% higher and palladium is 0.4% lower. So precious metals’ prices are higher this morning.

Yesterday’s Producer Price Index release has been higher than expected at +1.0%. The Unemployment Claims have been as expected at 375,000. Today we will get the Consumer Sentiment release at 10:00 a.m.

Where would the price of gold go following last week’s Friday’s Nonfarm Payrolls announcement? We’ve compiled the data since September of 2018, a 35-month-long period of time that contains of thirty five NFP releases. The following chart shows the average gold price path before and after the NFP releases for the past 35 months. The market was usually advancing ahead of the release day and closing 0.38% higher on the 10th day after the NFP release.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for today:

Friday, August 13

  • 8:30 a.m. U.S. – Import Prices m/m
  • 10:00 a.m. U.S. – Preliminary UoM Consumer Sentiment, Preliminary UoM Inflation Expectations

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Thursday, August 12 – Uncertainty Following the Rebound from Monday’s Low

The gold futures contract gained 1.25% on Wednesday, as it retraced more of its Friday’s-Monday’s sell-off. Gold accelerated its short-term downtrend on Monday as it quickly fell to the late June local low of $1,675.90 before bouncing back above $1,700 price level. This morning, the market is trading along yesterday’s closing price, as we can see on the daily chart (the chart includes today’s intraday data):

Today gold is virtually flat, as it is trading slightly above $1,750 price level. What about the other precious metals? Silver is 0.5% lower, platinum is 0.6% lower and palladium is 0.2% higher. So precious metals’ prices are mixed this morning.

Yesterday’s Consumer Price Index release has been as expected at +0.5% m/m. The core CPI number has been slightly lower than expected at +0.3% m/m. Today we will get the Producer Price Index, Unemployment Claims releases at 8:30 a.m.

Where would the price of gold go following last week’s Friday’s Nonfarm Payrolls announcement? We’ve compiled the data since September of 2018, a 35-month-long period of time that contains of thirty five NFP releases. The following chart shows the average gold price path before and after the NFP releases for the past 35 months. The market was usually advancing ahead of the release day and closing 0.38% higher on the 10th day after the NFP release.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Thursday, August 12

  • 8:30 a.m. U.S. – PPI m/m, Core PPI m/m, Unemployment Claims
  • 1:01 p.m. U.S. – 30-y Bond Auction

Friday, August 13

  • 8:30 a.m. U.S. – Import Prices m/m
  • 10:00 a.m. U.S. – Preliminary UoM Consumer Sentiment, Preliminary UoM Inflation Expectations

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Wednesday, August 11 – Gold Higher Ahead of U.S. Inflation Data

The gold futures contract gained 0.30% on Tuesday, as it fluctuated following the recent declines. Gold accelerated its short-term downtrend on Monday as it quickly fell to the late June local low of $1,675.90 before bouncing back above $1,700 price level. This morning, the market is trading above yesterday’s closing price, as we can see on the daily chart (the chart includes today’s intraday data):

Today gold is 0.5% higher, as it is trading sideways following Friday’s-Monday’s sell-off. What about the other precious metals? Silver is 0.2% higher, platinum is 1.4% higher and palladium is 0.5% higher. So precious metals’ prices are higher this morning.

The markets will be waiting for today’s Consumer Price Index release at 8:30 a.m.

Where would the price of gold go following Friday’s Nonfarm Payrolls announcement? We’ve compiled the data since September of 2018, a 35-month-long period of time that contains of thirty five NFP releases. The following chart shows the average gold price path before and after the NFP releases for the past 35 months. The market was usually advancing ahead of the release day and closing 0.38% higher on the 10th day after the NFP release.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Wednesday, August 11

  • 8:30 a.m. U.S. – CPI m/m, Core CPI m/m
  • 10:30 a.m. U.S. – FOMC Member Bostic Speech
  • 1:01 p.m. U.S. – 10-y Bond Auction

Thursday, August 12

  • 8:30 a.m. U.S. – PPI m/m, Core PPI m/m, Unemployment Claims
  • 1:01 p.m. U.S. – 30-y Bond Auction

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Tuesday, August 10 – Gold Going Sideways After Yesterday’s Volatility

The gold futures contract lost 2.08% on Monday, as it broke below June 29 local low of around $1,750. Gold accelerated its downtrend overnight on Monday as it quickly fell to local low of $1,675.90 before bouncing back above $1,700 price level. This morning, the market is trading along yesterday’s closing price, as we can see on the daily chart (the chart includes today’s intraday data):

Today gold is virtually flat, as it is trading sideways following yesterday’s intraday bounce. What about the other precious metals? Silver is 0.2% lower, platinum is 0.7% higher and palladium is 0.1% higher. So precious metals’ prices are mixed this morning.

Today we will get the Preliminary Nonfarm Productivity and Preliminary Unit Labor Costs releases at 8:30 a.m. However, the markets will be waiting for tomorrow’s Consumer Price Index release.

Where would the price of gold go following Friday’s Nonfarm Payrolls announcement? We’ve compiled the data since September of 2018, a 35-month-long period of time that contains of thirty five NFP releases. The following chart shows the average gold price path before and after the NFP releases for the past 35 months. The market was usually advancing ahead of the release day and closing 0.38% higher on the 10th day after the NFP release.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Tuesday, August 10

  • 5:00 a.m. Eurozone – German ZEW Economic Sentiment, ZEW Economic Sentiment
  • 8:30 a.m. U.S. – Preliminary Nonfarm Productivity q/q, Preliminary Unit Labor Costs q/q
  • Tentative, U.S. – Mortgage Delinquencies

Wednesday, August 11

  • 8:30 a.m. U.S. – CPI m/m, Core CPI m/m
  • 10:30 a.m. U.S. – FOMC Member Bostic Speech
  • 1:01 p.m. U.S. – 10-y Bond Auction

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

A Volatile Start To The Week For Global Markets – Metals & Oil Collapse, Part I

Overnight, on Sunday and early Monday, Precious Metals and Oil started a fairly big collapse which quickly bottomed and recovered – at least in the Precious Metals markets.  Crude Oil is still moving lower in early trading on Monday, August 9, 2021.  Can we learn anything from the pre-COVID market trends and extrapolate any real-world analysis from this?

Precious Metals “Mini Flash Crash” Surprises Markets This Week

One thing that struck me related to this move is this is a similar type of move that took place at the start of COVID in February 2021.  Crude Oil started to move lower in early January 2020 while the US stock market continued to move higher before the COVID virus event hit.  Gold also moved higher from January 2020 to a peak in February 2020 – just before COVID.  Yet, all of them, Precious Metals, Oil, and the US major markets, moved dramatically lower as soon as the reality of a COVID type economic event setup and traders realized the scope of the issues before all of us.

Today, we are seeing the Precious Metals, Oil and the US major markets move dramatically lower with what appears to be a moderate “flash crash” type of event in Precious Metals and Oil.  If we see a continued decline in the markets over the next few days/weeks, we might start to consider a new volatility event may be setting up related to the future expectations of the global economy, US economic and Federal Reserve policies/activity, and how the unknown aspects of the future of the global economy continue to play out.

This Daily Gold Futures chart highlights the deep “flash-crash” type of price action that took place early Monday, August 9, morning.  My research team and I believe this move reflects a very deep concern by US and foreign investors related to the future global economic reflation abilities.  Even though many still believe the global markets will continue to recover and grow, we believe the post-COVID recovery may already be near a peak level and starting to flatten out/contract.

The world economy will continue to transition through an extended recovery phase which is very likely to continue to experience wild swings in volatility.  Weaker Crude Oil, Transportation Index, and other major indexes would suggest the past 12+ month global market rally is nearing a peak – or has already peaked.

We need to be cautious of a sudden change in market dynamics related to key underlying commodities and market sectors as this transition continues to play out.

Crude Oil Started To Trend Lower Nearly Three Months Before The 2020 COVID Collapse

Crude Oil is struggling to hold above support near $65.30 and has recently rolled into a defined downtrend.  One thing is very clear, the current Double Bottom near $65.30 is clearly the last line of defense for Crude Oil related to the previous bullish price trend. Once Crude Oil falls below this support level, it will likely fall back to the $50 support level and may attempt to fall further.

Watch how the US and global markets continue to contract and move lower over the next few days/weeks as a new shift in the global markets appears to have already setup and started to transition.  In early 2020, Crude Oil shifted into a bearish price trend nearly three months before the big COVID market collapse.  Currently, Crude Oil has been moving lower for almost two months already and we have seen other key market indexes move sideways/downward as well.  Have we already transitioned into a new phase of downside market trending after the June/July peak in Oil?

In Part II of this article, we’ll continue to explore how other key market indexes may be highlighting global market weakness and clearly pointing to a US market that is attempting to trend higher while the floor appears to be falling away from recent support levels. The mini flash crash in precious metals this morning may have been the shot over the bow of the global markets suggesting “here is your warning – what is your next move”.

More than ever, right now, traders need to move away from risk functions and start using common sense.  There will still be endless opportunities for profits from these extended price rotations, but the volatility and leverage factors will increase risk levels for traders that are not prepared or don’t have solid strategies.  Don’t let yourself get caught in these next cycle phases unprepared.

Please take a minute to learn about my BAN Trader Pro newsletter service and how it can help you identify and trade better sector setups.  My team and I have built this strategy to help us identify the strongest and best trade setups in any market sector.  Every day, we deliver these setups to our subscribers along with the BAN Trader Pro system trades.  You owe it to yourself to see how simple it is to trade 30% to 40% of the time to generate incredible results.

As something entirely new, check out my initiative URLYstart to learn more about the youth entrepreneurship program I am developing. This is an online program of gamified entrepreneurship designed to introduce and inspire kids to start their own businesses. Click-by-click, each student will be guided from their initial idea, through the startup process all the way to their first sale and beyond. Along the way, our students will learn life lessons such as communication, perseverance, goal setting, teamwork, and more. My team and I are passionate about this project and want to reach as many kids as possible!

For a look at all of today’s economic events, check out our economic calendar.

Have a great day!

Chris Vermeulen
Chief Market Strategist

 

Daily Gold News: Monday, August 9 – Overnight Sell-off, Gold Fell Below $1,700

The gold futures contract lost 2.53% on Friday, as it broke below the late July consolidation along $1,800 price level. The market sold off following monthly jobs data release. Gold accelerated its downtrend overnight on Monday as it quickly fell below $1,700 before bouncing back to around $1,750. This morning, the yellow metal is trading just below its late June low, as we can see on the daily chart (the chart includes today’s intraday data):

Today gold is 1.1% lower, as it is extending Friday’s decline. However, the market has retraced most of its overnight sell-off. What about the other precious metals? Silver is 1.9% lower, platinum is 0.8% lower and palladium is 0.3% lower. So precious metals’ prices are lower this morning.

Friday’s Nonfarm Payrolls release has been better than expected at +943,000. Today we will get the JOLTS Job Openings and some Fed talk.

Where would the price of gold go following Friday’s Nonfarm Payrolls announcement? We’ve compiled the data since September of 2018, a 35-month-long period of time that contains of thirty five NFP releases. The first chart shows price paths 5 days before and 10 days after the NFP release. The last three cases are marked with dashed lines. Gold gained 1.45% in July and in June it lost 6.50%.

The following chart shows the average gold price path before and after the NFP releases for the past 35 months. The market was usually advancing ahead of the release day and closing 0.38% higher on the 10th day after the NFP release.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Monday, August 9

  • 10:00 a.m. U.S. – JOLTS Job Openings, FOMC Member Bostic Speech
  • 12:00 p.m. U.S. – FOMC Member Barkin Speech

Tuesday, August 10

  • 5:00 a.m. Eurozone – German ZEW Economic Sentiment, ZEW Economic Sentiment
  • 8:30 a.m. U.S. – Preliminary Nonfarm Productivity q/q, Preliminary Unit Labor Costs q/q
  • Tentative, U.S. – Mortgage Delinquencies

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Friday, August 6 – Gold Lower Ahead of U.S. Jobs Data

The gold futures contract lost 0.31% on Thursday, as it continued to fluctuate along $1,800 price level. A week ago the market broke slightly above its July 15 high of $1,835 and it gained 2%. Then on Friday it has lost around 1%. Precious metals’ prices followed weakening U.S. dollar. On Wednesday gold has reached $1,835 price level again before getting back lower. And this morning gold is trading slightly below $1,800, as we can see on the daily chart (the chart includes today’s intraday data):

Today gold is 0.5% lower, as it is extending yesterday’s decline. What about the other precious metals? Silver is 0.6% lower, platinum is 1.0% lower and palladium is 0.5% higher. So precious metals’ prices are lower this morning.

Yesterday’s Unemployment Claims release has been as expected at 385,000. The markets are waiting for today’s monthly jobs data release. It is expected at +870,000.

Where would the price of gold go following today’s Nonfarm Payrolls announcement? We’ve compiled the data since September of 2018, a 35-month-long period of time that contains of thirty five NFP releases. The first chart shows price paths 5 days before and 10 days after the NFP release. The last three cases are marked with dashed lines. Gold gained 1.45% in July and in June it lost 6.50%.

The following chart shows the average gold price path before and after the NFP releases for the past 35 months. The market was usually advancing ahead of the release day and closing 0.38% higher on the 10th day after the NFP release.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for today:

Friday, August 6

  • 8:30 a.m. U.S. – Non-Farm Employment Change, Unemployment Rate, Average Hourly Earnings m/m
  • 8:30 a.m. Canada – Employment Change, Unemployment Rate
  • 10:00 a.m. U.S. – Final Wholesale Inventories m/m
  • 3:00 p.m. U.S. – Consumer Credit m/m

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

What Does Biden’s $1 Trillion Dollar Infrastructure Plan Mean For Silver Prices?

The executive order is part of Biden’s broader $1 trillion Green Energy and Infrastructure spending plan, to transform the economy and firmly position the United States an industry leader the Electric Vehicle market.

Electric Vehicles currently represent 2% of total global vehicle sales and are forecast to exceed 25% of total sales by 2030 – that’s a whopping 1150% increase in growth by the end decade.

Biden’s Electric Vehicle revolution, ultimately means that the U.S is going to need more commodities.

Specifically industrial metals including: Copper, Palladium, Platinum, Lithium, Nickel and rare earth metals for batteries and renewable energy technology. Above all, it needs Silver – and lots of it.

Silver is a key component in President Biden’s ambitious $1 trillion dollar plan – as it will go into the Electric Vehicles, as well as the batteries, fuel cells and plug-in charging stations to power them – as well as the cables connecting new wind turbines and solar farms to the electric powered grid.

Currently, Silver prices are trading near $25 an ounce, which presents an incredible opportunity for traders to gain exposure in the metal before it really takes off.

Goldman Sachs see silver prices rising to $33 an ounce in H2 2021, boosted both investment and industrial demand for the precious metal – and our research suggests similar.

In my opinion, Silver is still definitely the best trade right now and any substantial pullbacks should be viewed as buying opportunities.

Where are prices heading next? Watch The Commodity Report now, for my latest price forecasts and predictions:

For a look at all of today’s economic events, check out our economic calendar.