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Recessionproof

Macro Ascending Triangle & Triple Bottom?It appears as though TNY may be trading in a huge ascending triangle on a 4-year chart. Recently the RSI went to all-time lows, and since then we've seen a nice Triple Bottom & some bullish momentum. Notice where I've placed the blue sideways arrows, there are three bottoms that coincide with a price range of roughly 23c in March 2017. Again in late July & Aug 2017 at approximately the same price range. And more recently we found a low of roughly 18.5c, which could potentially represent the third bottom of the Triple Bottom. We can see on this chart that there was a Triple Bottom that happened in late 2016 until late 2017, I have three blue arrows inside of a descending triangle patten that represent what I am refrencing. A triple bottom is a visual pattern that shows the buyers (bulls) taking control of the price action from the sellers (bears). A triple bottom is generally seen as three roughly equal lows bouncing off support followed by the price action breaching resistance. The formation of triple bottom is seen as an opportunity to enter a bullish position. There should be an existing downtrend in place before the pattern occurs. The three lows should be roughly equal in price and spaced out from each other. While the price doesn't have to be exactly equal, it should be reasonably close to the same price, such that a trendline is horizontal. The volume should drop throughout the pattern in a sign that bears are losing strength, while bullish volume should increase as the price breaks through the final resistance.
CSE:TNYLong
by ScotianBot
New Gold - New RallyCheck out our chart on gold mining stocks. If you look back, you will see how gold mining stocks always boom during election years as political and economic uncertainty take hold. Expect anywhere from 200% or more in the price of NGD . The price has been in a descending channel , but it looks like it has recently broke and flattened which could only mean it is heading up, specially how exceptionally undervalued gold stocks are vs gold spot price.
AMEX:NGDLong
by WorldEconomics
5
The trade of the decadeAs you all know, the Gold/Silver ratio OANDA:XAUXAG is high enough to trigger a Silver mania once again when the recession hits. The entry point is $30.5 or now, expecting a target of 50-60$ by the end of the year. Doubling your money in less than a year is great enough, and please note that such ETFs perform better than OANDA:XAGUSD prices for a simple reason: If you are creating something that costs 1000 and selling it for 1100, your markup is 10%, and profits are 100$ If it's the price increase to 1200, your profits 200$ doubled from 100$ So holding this asset for 1100$ and selling it at 1200 will make you 100$ in profits while having the company shares may double your investment (of course there are other parameters to watch)
AMEX:SILLong
by ggg666
What Would Happen To Uranium Stocks If World War 3 Breaks out?Uranium stocks are down 95% from their peak. There has been no energy source that has a better efficiency . Nuclear Power plants are better IMO. They about 1.5 to 2 times more as natural gas and coal units, and 2.5 to 3.5 times more reliable than wind and solar plants. Furthermore Iran cancelled it's Nuclear. Well guess what? Nuclear Bombs are made out of Uranium. This is a bull market waiting to go bezerk as the main focus is who has the biggest Nuclear Bomb. Combined with some simple Elliot Wave analysis we have a descending wedge. We already broke this wedge with GVXXF, and this will also happen with NXE.
OTC:GVXXFLong
by LukeSkywalker
EXK Strong Junior Silver Miner - Post RecessionAs we are entering a max market cycle with recession indicators growing, expect EXK to be a strong performer at the very beginning of a recession as well as post recession. Central Bank policy will weaken the dollar and inject trillions of Dollars into the economy with an expansion of its balance sheet and increasing inflation would only ignite the price of gold and silver. EXK is a strong growth stock because it's fundamentals are weaker in terms of its earnings. This meaning that the earning will increase even more rapidly with the growth of the price of gold and silver. I believe if the next financial crisis is just as bad as the last one, we can reasonably expect new highs for the price compared to 2011. Silver is sitting at a very weak ratio with gold, currently at 83.96, in the event of a recession with silver being the "poor mans gold", it sees much greater price increases as history has shown a strong correction to its weak ratio once we have greater demand for safe haven assets. In the short term, interest rate cuts will determine the price of silver thus, shifting positive growth onto silver and gold miners. We may not have hit a current bottom in pricing so there may be better entry points until we have more surety towards zero bound interest rates and below. Until the United States sees more weakness in our economy like the rest of the world, we will see more capital inflows to equities and a delay in a larger breakout from silver and gold. A strong dollar will be crucial to hold up this scenario, a weakening dollar will be necessary for a breakout. (November 2008) Peak 2008 Silver/Gold Ratio = 79.89 (June 2019) Latest Peak Silver/Gold Ratio = 92.23 (October 2019) Silver to Gold Ratio = 83.96 Watch the ratio closely, in the midst of recession and declining unemployment, we will see a sharp decline in the ratio. In 2008, the ratio stagnated because gold and silver plummeted as well with other equities during the worst part of of the 2008 market decline. Due to this history, we can expect the same pattern, that is, a sharp decline in the ratio, followed by stagnation of the ratio, followed by another sharp decline in the ratio where silver will see its greatest performance. Follow the resistance points closely whenever we swing to the upside. EXK will be a fantastic choice in the event of financial crisis. Be sure to watch yields in the market and it is reasonable to expect Silver prices in the $25 to $33 range in the midterm. I plan on holding multiple stops within those regions. We know that the financial problems from the last 30 years have not gone away, they are waiting for the next perfect storm. We will see new, unprecedented actions from the Federal Reserve as well due to their lack of ammunition for the next downturn. Will we see Negative Interest Rates? Longer period of Q.E.? 50 or perhaps even 100 year bond sales? I'll be on the lookout for the new hat tricks. Other Strong Silver and Gold Miners to Watch SSRM - BCEKF (Exploration / Mine Development) - AUY - KL - SVM - DRDGF - SILV Recession Indicators ' 1.) Yield curve - 10 Year / 2 Year Spread fred.stlouisfed.org 2.) Federal Tax Receipts fred.stlouisfed.org 3.) Stock Buybacks www.yardeni.com 4.) Increase in cross commodities correlation 5.) Federal Reserve Basis Points Cuts Cheers, AC
NYSE:EXKLong
by RayleWoodInvestments
1
XAUUSDLooking for the targets above to be reached. Fundamentally - Brexit along with global recessions are on the cards which will strengthen XAU. Technically - Bearish structure on 4H time frame has been broken however looking at M time frame we can see higher prices looking exhausted. Long term i would like to see 1700 reached and above that will confirm bearish structure broken on the higher time frames. I have added to my positions and will be looking for XAU to hit 1530 as a more immediate target but ultimately higher targets i also want to be taken out due to fundamental aspects as well as some technical, we still have a week left to see some more bullish action before a potential reversal.
OANDA:XAUUSD
by LitCap-Vell
2
S&P 500 Finna CrashThis shouldnt be no big surprise. The S&P 500 is at an all time high, testing its previous all time highs made end of last year. Here we can see that if price gets rejected by current resistance, it is not looking soo great for this market. I am waiting for a break below 2955 before initiating a short position. I am out of longs as it is too risk-seeking. History repeats itself and we can see price rejected highs in October 2018, May 2019, and July 2019. We will have to sit on the sideline and see what happens in the next few days.
OANDA:SPX500USDShort
by bajapips
Bitcoin to be tested during the coming RECESSION!If you follow my work, I have been speaking about the upcoming recession. Central banks are out of tools and cannot admit their policies were wrong. We did not solve the 2008 crisis, we just papered over the debt problem with more debt. Central Banks will be cutting rates more extensively than before but need to do it in a way to maintain the confidence. It is also very likely QE will be re-initiated... even though we were told it was a one time desperate policy to prevent another 1930-40's type great depression. I have spoken about the recession signs many times and why this time it will be much worse. Links below. I have spoken about why Gold will be performing well. It is a confidence crisis asset and we will be seeing a confidence crisis in government, banks and the fiat money. Human history is cycles of fiat/soft money and hard money. No fiat has ever survived (average lifespan is 40 years). Other recession signs are what we are seeing with Copper (link below), negative PMI data, and the yield curve. I want to address the 2 and 10 year yield. The 2 and 10 year yields are about to invert. The media has been downplaying the yield curve inversion because the 2 and 10 have not inverted...once they do, there is no hiding it. When I was trading today, the spread was 8. We got up to 5 and then closed around 6. Why is this important? Because the 2 and 10 year inversion have a 100% success rate in calling market crashes, recessions and depressions. Now I am not saying the markets will crash right away, but we do cross a threshold. You can see people are very uncertain and are running into bonds for safety. Also look at the 30 year yield lol. It is almost yielding the lowest ever in history...and yielding more than the fed funds (overnight lending) rate. Now the big question is how will Bitcoin perform? This will be the first time Bitcoin will be tested during a recession. Although, keep in mind, I believe what is coming will be far worse. It will be a confidence crisis since central banks are out of options. Japan and Europe are the best case examples. We go negative interest rates and stagflate/deflate. Effectively killing the bond markets where central banks are the only buyers of negative yielding debt. Banks will have negative interest rates, and we will very likely go to a national/international digital currency to prevent people from pulling money out of banks since they have to pay banks for keeping money in them with negative interest rates. A digital currency ensures we are forced to keep money in banks so they get paid, and also for other reasons such as taxation in case we go the MMT path. Again I have outlined this many times in previous posts. So back to Bitcoin. It is a great way to hide money or transfer money. The Chinese have been using it with great effectiveness basically creating the rise in Bitcoin. I don't think they are holding it as a storage of value however...more of an in between mechanism for transferring money or getting it out of the country. Remember, buying physical Gold does not really affect the prices...it is the paper market that does (hence why it is likely China and Russia have put large short gold paper contracts to keep prices low while they stockpiled physical at depressed prices). Again, I believe cryptos will do well (specifically Bitcoin) because of the fiat crisis. With central banks cutting rates, there is a race to the bottom to see which country can cut the fastest. Check out my post on why the US will attempt to do so but the US Dollar may rise...thereby forcing the Fed to 'kill' the dollar. The middle class/main street will lose. Government will win. Wall street will win. Very bullish on the precious metal complex due to the confidence crisis but also saying Bitcoin will see money run into it. Then it is all about government fighting Bitcoin. Trust me, we have not even seen an effort made by government to attempt to take down bitcoin. They can never shut it down, but can make it illegal which would see the average joe crypto trader/investor sell their positions due to fear of punishment from the government. Also another word of caution: If Bitcoin hits 50k it may be tough taking profits...most of these crypto exchanges will not have the money. Since they are not regulated they do not need too. You do not have depositer insurance.
COINBASE:BTCUSDLong
by Uncharted-FX
3
LOOKING AT THE 2019 RECESSION FROM A ELLIOT WAVE PERSPECTIVE This analysis is purely written from an Elliot Wave perspective. There are no macroeconomics or any other economic theories involved. SPY: Looking at Monthly SPY, we had the completion of wave 1 in 2000. Followed by a recession in 2001-2002. We then had a pullback to the 2000 high, which then ended up double topping and then falling to lows in 2008. This is a clear ABC Flat, where a flat either ends at 1:1 retracement or a 1.272 retracement. As we can see on the chart we ended in a 1.272 retracement and began recovering again. Which resulted in a huge impulsive 3rd wave up. In Elliott Wave Theory wave 3 is the most impulsive wave of all. I've made a 5 wave subcount inside the 3rd wave, which has a extended 5th sub wave, which ends at a 2.618 extension. This is because wave 3 closed below the 1.618 extension. The 2.618 also concludes with the overall 5 waves count, where the 3rd wave ends at 2. extension. (yellow wave). This suggest that we will see a retracement back to (most likely) a 0.5 fib extension of the 3rd wave (yellow). DOW: To keep this short, we are seeing almost the exact same pattern with DOW. We have a 3rd wave ending at a 1.618 extension (instead of the .2 extension on the SPY.). If we count the subwaves of the 3rd (yellow) wave, we have a 5th subwave ending at a 2.618 extension like we had with SPY. We would now expect the same ABC retracement to the 0.5 Fibonacci of the 3rd wave. Conclusion: Overall we see overbought levels with both the SPY and DOW, this will lead to a recession, which could be worse than the financial crisis in 2008 and the great depression in 1930. I expect a 35-40% drop in these indexes.
DJ:DJIShort
by LukeSkywalker
1
God Bless these magnificent whale b@stardsOK peeps, So I've had a pretty rough week lol shocking losses truly shocking, after months of losses, more losses. But I laugh in the face of death MWUHAHAHAHAHA!!!! I've been reading the Hagakure, and it says (paraphrasing) "to truly live, you must be one with death" Ok, to the analysis: The whales, more than anyone else, want and EXPECT Bitcoin and crypto to grow and thrive. They have more information than you or I, they have more information analysis than you or I, and they know the playing field more than you or I. Everything that happens in crypto is decided by them. Everything the market (you or I) is feeling is decided by them. Small amounts of people own massive amounts of bitcoin and they have laid the infrastructure for the influx of new capital. Why I ask you, have they decided to take a big ole dump on the price? In a fundamental view there is no freaking reason. A new recession is coming, crypto is being accepted more and more by world governments and people. Crypto was born in the 2008 recession, and it will serve as the best financial defense against NEW recessions in the future. ETFs are coming, upgrades are coming, blah blah frickedy blah lol The question is: why do they desire a lower price? The answer to that is much more complicated. I think a huge reason is they desired to push the scammer ICO @ssholes out of the market. These people accumulated huge sums of BTC and ETH, and having huge sums of crypto in the hands of undesirables like these scammers is not good for the crypto market as a whole. So, crush the market with a couple well placed massive sells, and scoop up the loose ETH from these idiots before the big boom again sounds like a reasonable plan to me. I think many of the new speculators are investing in crypto now because of the clear parallel to the boom we had last year at around this time. People buy NOV 1 2018 expecting to see the same returns as buying NOV 1 2017, also a logical, cheap, and easy supply of dirt cheap crypto. Also it is very possible they are waiting for a blood in the streets scenario in the stock market (which is rapidly approaching lol) before they allow the price to POP again. If the stock market is down 10%, and bitcoin is up 20% you will quickly see MANY investors FOMO-ing out of control, with throbbing erections grazing their buy buttons lol. All of this makes sense to me. I am very glad that this didn't hit at the end of the month because I would have to sell a portion for my rent, but whatever happens in the middle of the month I do not give a GDMF $hit lol although losing as much money as I have last week definitely had an effect on me. What helps me is knowing that whatever emotions I am feeling about my portfolio are the exact emotions that the whales WANT me to feel. I must operate with that knowledge and make logical clear-minded decisions ;) I transferred almost half of my XRP into ETH just now. I've made other small moves also during these crises, but my portfolio is set for the big impending bounce. I WILL BE READY!!!!! I also told my mom to buy btc right now. There will (probably) not be a better time to buy again. BTW I sold half my ripple at .49 ( I just barely snuck by the recent correction :) ) I like trading in Europe I get to suck up Asia's mistakes lol P.S. I just recently watch a Tosh.0 episode where he had a bitcoin whale on the interview portion. The confidence and calm that guy had when he told a dubious Daniel Tosh that there was no question bitcoin will reach 20k again has helped me deal with the rush of negative emotions that my portfolio has been giving me. P.P.S my bch took a huge dump, but the smoke hasn't cleared yet, and that Craig wright guy sounds like the biggest fool this side of the Mississippi.
COINBASE:BTCUSDLong
by UnknownUnicorn2825836
Undervalued company with GREAT financials! FREE VALUE PICKHeres some easy money, Navios Maritime Midstream Partners L.P. is a services and shipping company. It has been priced at a premium by the market as a result of overreaction to selling of ships. These ship sales have increased the company's cash flow and helped them build an already extremely beefy balance sheet. I believe the market has priced NAP at around a 30 percent premium. You shall see in due time Peace out plebs (Happy free trade sunday!) Darklord_
NLong
by I_I_I_I_I_I_I_I_I_I_I_I_I_I_I