RetnaNicharee

RetnaNicharee

Knowing that there will be more fiscal stimulus on steroids at some point—likely followed by more monetary stimulus to buy the resulting debt issuance—means that there is an asymmetric risk to the upside in Gold, Silver, and the miners. Regardless of the timing, stocks and precious metals will soar even more so than the rallies since March and the dollar will...

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GameStop: Two US senators call for Wall Street reform Progressive US senators Bernie Sanders and Elizabeth Warren called on Sunday for action against what they said were the Wall Street abuses by hedge funds revealed by the recent frenzy over GameStop shares. "We need an SEC investigation," Warren told CNN, referring to the federal Securities and Exchange...

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By Richard Rubin and Eliza Collins President-elect Joe Biden plans to call for a $1.9 trillion Covid-19 relief plan to help Americans weather the economic shock of the pandemic and pump more money into testing and vaccine distribution, according to senior incoming Biden administration officials. Mr. Biden in a speech Thursday evening plans to lay out priorities...

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Above 1865 likely to be like this

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A break of 1865 likely negates this potential.

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Stimulus: When, Not If Taking a step back from the day-to-day minutia and focusing on the big picture: Whether we go straight up from here, go down to a lower low now or in a few weeks, unless the Fed et al. are going to allow markets to crash and cause a systemic collapse and the worst depression ever—which I seriously doubt and would go completely against...

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BitCoin

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Facts: Gold price bounced off the key resistance at $1900 Local double top formation surfaced on daily chart Recommendation: Trade: Short position on GOLD at market price Targe: 1850, 1790 Stop: 1915 Opinion: The gold market started with an upward move, but sellers regained control at the $1900 handle, where the upper limit of the broad downward...

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By Kristina Peterson and Andrew Duehren WASHINGTON -- The House on Monday night passed a sweeping year-end package that included roughly $900 billion of relief for households and businesses battered by the coronavirus pandemic, an emergency measure aimed at buoying the country through a difficult winter. In two votes, the House approved both the infusion of...

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Exchange Traded Funds, or “ETFs”, in all asset classes have soared in popularity over the years due to their liquidity, convenience, and low cost. They’re simple to trade, and they provide a quick and easy way to create a portfolio compared with having to buy each of the individual underlying assets. With respect to Gold and Silver , GLD and SLV provide an easy...

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Silver has always been a wily beast for investors due to its dual precious metal/industrial metal uses, and 2021 sees silver rising on both. That contrasts with 2011, when a proper bubble in silver developed on rank speculation linked to a tumbling US dollar and the Fed’s seemingly radical monetary policy of QE2 from late 2010. QE scary? How times have...

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COMMODITIES US COVID-19 cases +217,046 (prev. +186,215) and deaths +2,566 (prev. +1,532). California reported a record 30,851 new cases and its 14-day avg. positivity rate jumps to 8.8% which was the highest since spring. (Newswires) US official said could have EUA on Pfizer's (PFE) COVID vaccine within days of FDA meeting and that Americans could start...

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DAILY ASIA-PAC OPENING NEWS CORONAVIRUS UPDATE US COVID cases +186,215 (prev. +174,387) and deaths +1,532 (prev. +1,118). (Newswires) US President Trump said he expects news very shortly on other vaccines and that he would use the defense production act if needed for vaccine distribution to Americans, while hopes the FDA will authorize Pfizer (PFE) vaccine...

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Rather than go through the various reasons why I believed a low was close, below are some of the comment I posted over the past week: "New Stimulus pending, 'December' started, while Gold and Silver near multi-month lows, extreme oversold, sentiment in the toilet, physical scarcity rising. Risk/reward is pretty obvious down here imho." "The Banks monitor the...

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Already in Bullish area, the risk-reward is heavily skewed to the upside. Potential target 1.5 ~ 2.15

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BTC tags my primary target of 17000. I'm waiting for exhaustion on the downside followed by a break of resistance 17667 to signal the bottom is in place. I won't be trying to catch a falling knife but if we do take out 17667 with confirmation above 19000, then I'm only looking up again.

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Daily divergence and extremely overbought. Looking for pullback to 1700s or CRASH!

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FUNDAMENTALS President-Elect Biden, as the media have crowned him, is still not officially the president ‘yet’. Uncertainty remains, which markets detest. The likelihood of new fiscal stimulus is remote until certainty is restored and the official result is confirmed. Even when we do get new fiscal stimulus, its size could be determined by whether or not the...