China’s Monetary Bazooka
The Chinese Monetary Bazooka– China has unleashed a monetary liquidity bazooka in an attempt to re-inflate not only Chinese Real Estate but also the Chinese Stock Market.
China’s Monetary Bazooka Read More »
How Much is the Money Supply Growing?
The “M2 money supply” includes liquid assets such as Cash, Checking Accounts, Savings Accounts, CDs, etc.
Looking at the chart below we can see that the M2 money supply increased gradually for many years until the pandemic when it shot up drastically, and then in 2022 the FED significantly decreased the money supply for the first time. But over the last year or so it appears to be resuming its previous uptrend.
How Much is the Money Supply Growing? Read More »
Is Gold Overpriced?
Gold has reached all-time highs not only in nominal terms but by other measures as well. Is it overpriced now? What about Oil?
Is Gold Overpriced? Read More »
Crypto: Crash or Opportunity?
Everyone knows that the Crypto market is volatile. And we got another dose of that on the 4th of July. But rather than fireworks, Crypto markets crashed. The year 2024, started out very bullish for Crypto, with Bitcoin (BTC) up sharply… partly due to BTC getting approval for ETFs and partly due to the expected halving which would cut supply. But so far this year, the truism “Buy the rumor, Sell the news” has held for the Bitcoin halving.
Crypto: Crash or Opportunity? Read More »
The Tectonic Shift in Crypto
This past week a few slightly “under-the-radar” events caused a major shift in the crypto arena that most people are totally unaware of. Just a couple of weeks ago, Joe Biden was threatening to Veto pro-Crypto legislation, Sen. Elizabeth Warren was railing about the evils of crypto and how it is only good for hiding assets and mafia transactions. And the Democrat-controlled Security Exchange Commission (SEC) is actively targeting several major crypto sponsors despite having approved Bitcoin Exchange Traded Funds (ETFs) in January.
Then along comes Trump, who holds a Crypto “Love Fest” at Mar-a-Lago, which catapults crypto into the political spectrum… Ethereum ETFs are approved… the House approves the FIT21 Act, and the tide against Crypto has turned.
The Tectonic Shift in Crypto Read More »
Crypto Goes Mainstream
A lot is happening in the cryptoscape both from a regulatory and an innovation standpoint. Crypto has the potential to revolutionize the world as much as the Industrial Revolution, transistors, computers, or the internet did. And it is still in its infancy. But it is still possible for regulations to try to strangle the infant in its crib. But if that happens in one country, the innovation will simply move somewhere where it is appreciated. This could be devastating for the economy of any country that gets this wrong and tries to stifle innovation.
Crypto Goes Mainstream Read More »
Applying the ROC to Crypto
Our ROC system is very good at spotting major turning points in the market. So this month we adapted it to look at Bitcoin and Ethereum. While doing this we changed the look of how we do ROC, so we will be adapting the regular ROC charts to the new style as well. The advantage of this new look is that you can see the underlying index at the same time, so you can see exactly where the various signals kicked in and how it evolved from there. Also, I think the new look is much cleaner and less cluttered.
Applying the ROC to Crypto Read More »
The Modern Day Wild West: Crypto Scams And Opportunities
We’ve all heard that the Crypto landscape is much like the “Wild West” with very little regulation. But along with risk comes opportunity. One of the reasons the “Wild West” was so wild was because “Boom towns” would spring up in the middle of nowhere due to the discovery of gold nearby. The gold would attract not only hard-working prospectors and pioneers, but also promoters, grifters, and outright crooks. Sometimes a “Lawman” such as Wyatt Earp would show up and try to enact some sort of system of Law and Order.
The Modern Day Wild West: Crypto Scams And Opportunities Read More »
Crypto 2.0, A Whole New Ballgame
It turns out that Crypto is much more than just Bitcoin. In October 2008, when a person (or anonymous group) named Satoshi Nakamoto created the code for Bitcoin it opened the door to more than just a currency. It introduced the concept of a “Blockchain” to the world. Since then there have been literally thousands of Cryptos created, most of which ended up totally worthless. Some were simply jumping on the Blockchain bandwagon, just as companies added “.com” to their name back in the Dot com mania of the 1990s, people began creating mostly worthless cryptos in the 2010s. But not all the cryptos were worthless. Some were new currencies but others were new and innovative ways to use blockchain.
Crypto 2.0, A Whole New Ballgame Read More »
The Barbarous Relic Rides Again
Gold has shown some resiliency in 2024. Recently, John Authers at Bloomberg published the following comparison of gold vs. the S&P 500. With all the hype around the magnificent gains in the stock market you might think that it has massively outperformed gold. But currently, one ounce of gold buy the same number of shares of the S&P 500 as in 1971 when Nixon severed the link between gold and the dollar.
The Barbarous Relic Rides Again Read More »