"Financial Advisors" tend to be clueless about the overall health of the market and the economy. The "advisor" profession is laced with toxic narratives about "your goals" and "focusing on the long term" and "staying invested". They're clueless as to what is going on. As the recession sets in and the market collapses, we will see mortgage delinquencies soar....
The European Union (EU) and the United States have increased scrutiny and imposed higher tariffs on Chinese imports, particularly electric vehicles and strategic materials like gallium and germanium. These measures are designed to protect domestic industries from what are perceived as unfair trade practices and subsidies by the Chinese government. Additionally,...
As we all know, the increase in foreign currency increases the general product prices extraordinarily, as it increases the input costs. The rise of the foreign exchange is a phenomenon that a country does not want. Every country aims to keep the exchange rate stable. But for some reason, Turkey came out of these countries. As can be seen from this chart, from...
Saw the red line! It is now hit the 4th time by the market. Although oil has come down from 130 to 80 USD per barrel giving some relief to the oil-dependent economies and inflation is also in a downtrend, the problem is worse and deeper. This alarming deeper problem is US debt which is now 137% of the GDP. Imagine it was hardly 67% in 2008 during the financial...
Good Morning All , It has been a long while since I posted, but it has also been along time since I have been active in trading as well. i squared off my positions and just been speculating and watching the craziness that continues to unfold. For some of the OG Traders out there you might have come across my stuff in the past, but for some of the new guys new to...
The inflation data and with the rise in interest rates we are seeing a USD strengthening with everyone but a recession has not yet been declared in the United States, something that could change everything especially for GOLD, which is the main refuge of value in the face of a crisis, we saw it in 2008 that exceeded maximums with the economic crisis, we saw it in...
The excesses of the past 8+ years have driven RE prices to very high levels. Simple price channels and Standard Deviation channels suggest the unwinding of this bubble may see Real Estate price levels collapse -25% to -30% or more over the next 12+ months. The US Fed, in an effort to combat inflation, will likely raise rates again - pushing sellers even further...
The looming collapse of China Evergrande Group (HKG:3333), the world’s most indebted property developer, has roiled financial markets for months, threatening a contagion with far-reaching implications on China and the wider economy. In the early months since Evergrande’s financial crisis came to light, Beijing stayed mum on the issue, although the People’s Bank...
Well, the situation in Europe isn't pretty. Let me highlight a couple of issues. Slowed economic growth The Euro zone had registered slowed manufacturing growth way before COVID19 hit. The pandemic just hit the nail on the head. The region is now experiencing an economic slow down compared to the 2020 summer season and this is going to affect the recovery in...
The price of bitcoin has shown a strong surge over the past weeks as price rallied from $3750 to $6900, however we see a rejection at the $6900 level which confirms a resistance. The daily chart is showing a clear rejection which is not a bullish perspective to look for, since price wasn't able to break $6900. We could be looking at lower support levels below at...
The ongoing COVID-19 pandemic crisis has proven to be one of history's biggest market fluctuators wth economies worldwide taking the same hit and businesses scrambling to stay afloat. Where lives and livelihoods are at stake every ticking second, the US has recently started QE (Quantitative Easing) to help the economy brace itself for the drastic negative effect....
Flying from London to Barcelona for 20$? Flying from Berlin to Rome for 15$? Gone have the good old days of flat-rate flights. Travelling has once been a luxury and my impression is, that it will be a luxury again, very very soon. I am not sure if Airlines such as Ryanair, Easyjet, Wizz Air, Scoot, Tigerair and even bigger, national Airlines are going to...
Silver looking bearish. Escaped out of a either descending triangle or a symmetrical triangle, both are legit. I feel pretty confident to say that silver is heading towards 8.87$. Bitcoin is not a safe haven, Gold is not a safe haven and silver is not a safe haven. EUR with their problems a safe haven? USD printing trillions a safe haven? CHF running into debth...
Silver is on the cusp of very bullish move! Buy: $16.60 Stop: $15.90 Target: $25.25
We can trade bellow the 200MA for some time, even push trough the 100MA and touch the trend line at around 7650$ and we will still be bullish. Even if we go lower there are still some strong levels protecting the price and as of now the current price movement does register as a correction. Think with your head, be safe and don't over trade.
this is as per the completion of a possible retracement in anticipation to the next bull run ,with a possible payout of 1:54 ,remember stick to money management.
Blackrock stock looks a lot like bitcoin in 2018 when it made its first dead cat bounce in the beginning of the bear market after its parabolic euphoric rise in late 2017. Everything here looks terrible and I think we make a prolonged correction with a strong bottom in a few years. Could be a good investment at that time.