investmentwatchblog--2020-08-27--Fed’s New Policy Will Compound Its Errors

Today the Fed issued an update to its Longer-Term Goals on Monetary Policy .
• On maximum employment , the FOMC emphasized that maximum employment is a broad-based and inclusive goal and reports that its policy decision will be informed by its “ assessments of the shortfalls of employment from its maximum level.
” The original document referred to “ deviations from its maximum level.
” • On price stability , the FOMC adjusted its strategy for achieving its longer-run inflation goal of 2 percent by noting that it “ seeks to achieve inflation that averages 2 percent over time.
@ @ @ @ @ @ @ statement states that “ following periods when inflation has been running persistently below 2 percent , appropriate monetary policy will likely aim to achieve inflation moderately above 2 percent for some time.
” • The updates to the strategy statement explicitly acknowledge the challenges for monetary policy posed by a persistently low interest rate environment .
Here in the United States and around the world , monetary policy interest rates are more likely to be constrained by their effective lower-bound than in the past .
Fed chair Jerome Powell would not recognize price @ @ @ @ @ @ @ audience and spit grapefruit juice in his eye .
Somehow the Fed is wedded to a goal of 2 % inflation with no explanation as to why the goal should be 2 % in the first place .
Moreover , inflation is under 2 % because the Fed ignores housing prices , employer health care costs , education , and stock market bubbles .
The idea that one can offset errors by further errors in the other direction is pure nonsense .
It ’ s as if a doctor said “ For the @ @ @ @ @ @ @ little medicine so for the next three months we will give you too much.
” Alternatively , think of it this way .

via mishtalk:
The Fed announced a new inflation policy today. It won’t improve anything.
Today the Fed issued an update to its Longer-Term Goals on Monetary Policy.
On maximum employment, the FOMC emphasized that maximum employment is a broad-based and inclusive goal and reports that its policy decision will be informed by its “assessments of the shortfalls of employment from its maximum level.” The original document referred to “deviations from its maximum level.”
On price stability, the FOMC adjusted its strategy for achieving its longer-run inflation goal of 2 percent by noting that it “seeks to achieve inflation that averages 2 percent over time.” To this end, the revised statement states that “following periods when inflation has been running persistently below 2 percent, appropriate monetary policy will likely aim to achieve inflation moderately above 2 percent for some time.”
The updates to the strategy statement explicitly acknowledge the challenges for monetary policy posed by a persistently low interest rate environment. Here in the United States and around the world, monetary policy interest rates are more likely to be constrained by their effective lower-bound than in the past.
Price Stability
Fed chair Jerome Powell would not recognize price stability if it jumped out of the audience and spit grapefruit juice in his eye.
Somehow the Fed is wedded to a goal of 2% inflation with no explanation as to why the goal should be 2% in the first place.
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Moreover, inflation is under 2% because the Fed ignores housing prices, employer health care costs, education, and stock market bubbles.
Offsetting Errors
The idea that one can offset errors by further errors in the other direction is pure nonsense.
It’s as if a doctor said “For the last three months we gave you too little medicine so for the next three months we will give you too much.”
Alternatively, think of it this way.
…


investmentwatchblog--2020-08-27--It may be quiet here, but make no mistake the next stage of economic collapse is coming.

I think everyone ’ s attention is on the fire , not what it ’ s doing to the house .
By that I mean that the pandemic , riots , and government shenanigans are front-and-center problems that have a secondary effect on the economy .
Just the pandemic alone will cause decades-long ripples in our economy and a fundamental shift in our culture .
I do believe that there is a strong potential for positive fundamental change , but man is it going to hurt getting there .
I live and work in one of America ’ s largest @ @ @ @ @ @ @ plans to even consider reopening our office until 2021 .
Beyond that , the CFO is waging a completely rational campaign to permanently eliminate the significant costs of maintaining a luxurious multi-floor suite in one of downtown ’ s most historic buildings .
We ’ ve already rebalanced our budget to not factor in cleaning staff , snacks , office personnel , new desks and chairs for 2021 … the list goes on .
On top of that , we ’ re making “ Plan B ” moves to sublet the office space @ @ @ @ @ @ @ all national or global companies with luxurious marble-floored headquarters in my city .
If you are familiar with WeWork office spaces … that ’ s what corporate America is going to move towards .
Or something like it .
Smaller floorplans that you can use to keep a presence in a city for when you have important in-person meetings .
Even further , among my peers also in leadership , the opinion is almost completely unanimous : nobody wants to commute ever again , we ’ ve proven beyond a shadow of a @ @ @ @ @ @ @ , it fits our lifestyle much better , and so forth .
My company took a poll of the workforce and 97 % said they don ’ t wish to return to the office under any circumstance … even if the pandemic and the riots were suddenly gone .
Going further stilllllllll … many of the leadership team have already flatly stated that they have no intention to ever work from the office again , and that of course this mentality extends to their teams .
This has been echoed by my peers @ @ @ @ @ @ @ Downtown areas are really organized around crystal towers that host a few big tuna anchor companies , with a smattering of others filling the in-between space , and lower levels of food and service to cater to those tenants .
Obviously , if nobody is going to the office anymore all those services downtown that depend on throngs of business dorks won ’ t be making any money .
Let ’ s think about who that is .
Restaurant owners , all their employees who cook and serve the food .
Taxi , @ @ @ @ @ @ @ who hustle people between transit points .
Dry cleaners and launderers who have pickup or bag contracts with those companies ( I pressed , bagged , and hung all my suits six months ago .
Posting from my boxers here ) .
Catering companies who depend on lunch traffic and expensive corporate lunches .
Even your commuter trains , maybe subsidized by the government , depend on ticket fares to stay in the black .
Every single person at my company canceled their transit passes on the very first day of WFH .
@ @ @ @ @ @ @ partly because of the pandemic , and partly because of the riots .
Even the security guards in all the lobbies are gone … everything is locked up tight and boarded up .
Going further yet still .
Because we ’ ve really only dipped a toe so far , my company has adopted a “ work from anywhere ” policy and as of right now , about 35 % of our workforce is somewhere “ up north ” or in the rockies , or just renting an AirBnB to stay away from @ @ @ @ @ @ @ instability is the housing market .
Silicon Valley is already seeing residential rent prices plummet as broke millennials realize they don ’ t have to pay $ 4000 per month to stay in a broom closet near their startup .
Residential and commercial vacancy rates are already skyrocketing .
We ’ re beginning to see this creep into other Metro areas like Chicago and NY , too .
There is a small ray of hope here , though , as it seems that people are simply moving a few zip codes over instead @ @ @ @ @ @ @ .
And just to throw one more log on the fire , think about anything related to automobiles .
While it ’ s true that some people are doing some road tripping , overall drivership is down .
Way , way down .
People are buying less gas , they ’ re using up fewer tires , their cars are incurring less damage and having higher lifespans .
Fewer oil changes , fewer body panel repairs , fewer replaced windshields , fewer wiper blade replacements bought .
More money that ’ s not @ @ @ @ @ @ @ The auto industry was already experiencing some serious angst … now that car sales are plummeting they ’ ll have to also reduce manufacturing capacity .
Then all the 3rd party cottage industries will have to follow suit .
Millions of dollars used to change hands each and every day .
POOF .
Gone overnight .
Many of those people will not be getting jobs back as the waves of restaurant closures hit us .
We ’ ve already seen the ones with shaky business models close , and the second wave of @ @ @ @ @ @ @ third wave will hit the hardest , though .
That ’ ll be the people who had some stability and savings and threw it all into the business trying to outlast this nonsense .
Those people will be well and truly fucked , because when their business fails , they will have nothing .
I ’ m just gon na stop writing now , because anxiety is spiking .
I hope you are all doing what you can to clear debt , reduce expenses , and find sustainable ways to house and feed @ @ @ @ @ @ @ Best of luck .

by AC
I think everyone’s attention is on the fire, not what it’s doing to the house. By that I mean that the pandemic, riots, and government shenanigans are front-and-center problems that have a secondary effect on the economy.
Just the pandemic alone will cause decades-long ripples in our economy and a fundamental shift in our culture. I do believe that there is a strong potential for positive fundamental change, but man is it going to hurt getting there.
I live and work in one of America’s largest urban environments. My company has no plans to even consider reopening our office until 2021. Beyond that, the CFO is waging a completely rational campaign to permanently eliminate the significant costs of maintaining a luxurious multi-floor suite in one of downtown’s most historic buildings. We’ve already rebalanced our budget to not factor in cleaning staff, snacks, office personnel, new desks and chairs for 2021 … the list goes on.
On top of that, we’re making “Plan B” moves to sublet the office space with NINE other companies. These are all national or global companies with luxurious marble-floored headquarters in my city. If you are familiar with WeWork office spaces … that’s what corporate America is going to move towards. Or something like it. Smaller floorplans that you can use to keep a presence in a city for when you have important in-person meetings.
Even further, among my peers also in leadership, the opinion is almost completely unanimous: nobody wants to commute ever again, we’ve proven beyond a shadow of a doubt that productivity goes UP working remotely, it fits our lifestyle much better, and so forth. My company took a poll of the workforce and 97% said they don’t wish to return to the office under any circumstance … even if the pandemic and the riots were suddenly gone.
Going further stilllllllll … many of the leadership team have already flatly stated that they have no intention to ever work from the office again, and that of course this mentality extends to their teams. This has been echoed by my peers in over a dozen local companies.
Downtown areas are really organized around crystal towers that host a few big tuna anchor companies, with a smattering of others filling the in-between space, and lower levels of food and service to cater to those tenants. Obviously, if nobody is going to the office anymore all those services downtown that depend on throngs of business dorks won’t be making any money.
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Let’s think about who that is. Restaurant owners, all their employees who cook and serve the food. Taxi, uber, bus, and shuttle drives who hustle people between transit points. Dry cleaners and launderers who have pickup or bag contracts with those companies (I pressed, bagged, and hung all my suits six months ago. Posting from my boxers here). Catering companies who depend on lunch traffic and expensive corporate lunches. Even your commuter trains, maybe subsidized by the government, depend on ticket fares to stay in the black. Every single person at my company canceled their transit passes on the very first day of WFH. Nobody wants to take the train, partly because of the pandemic, and partly because of the riots. Even the security guards in all the lobbies are gone … everything is locked up tight and boarded up.
Going further yet still. Because we’ve really only dipped a toe so far, my company has adopted a “work from anywhere” policy and as of right now, about 35% of our workforce is somewhere “up north” or in the rockies, or just renting an AirBnB to stay away from the city.
Another step towards real instability is the housing market. Silicon Valley is already seeing residential rent prices plummet as broke millennials realize they don’t have to pay $4000 per month to stay in a broom closet near their startup. Residential and commercial vacancy rates are already skyrocketing. We’re beginning to see this creep into other Metro areas like Chicago and NY, too. There is a small ray of hope here, though, as it seems that people are simply moving a few zip codes over instead of literally fleeing to the four winds.
And just to throw one more log on the fire, think about anything related to automobiles. While it’s true that some people are doing some road tripping, overall drivership is down. Way, way down. People are buying less gas, they’re using up fewer tires, their cars are incurring less damage and having higher lifespans. Fewer oil changes, fewer body panel repairs, fewer replaced windshields, fewer wiper blade replacements bought. More money that’s not changing hands in the new reality. The auto industry was already experiencing some serious angst … now that car sales are plummeting they’ll have to also reduce manufacturing capacity. Then all the 3rd party cottage industries will have to follow suit.
…
Millions of dollars used to change hands each and every day. POOF. Gone overnight. Many of those people will not be getting jobs back as the waves of restaurant closures hit us. We’ve already seen the ones with shaky business models close, and the second wave of closures is rippling through now. The third wave will hit the hardest, though. That’ll be the people who had some stability and savings and threw it all into the business trying to outlast this nonsense. Those people will be well and truly fucked, because when their business fails, they will have nothing.
I’m just gonna stop writing now, because anxiety is spiking. I hope you are all doing what you can to clear debt, reduce expenses, and find sustainable ways to house and feed yourselves for the next few decades. Best of luck.
Disclaimer: This is a guest post.


investmentwatchblog--2020-08-27--2020 Is Nothing Like 2009

2020 Is Nothing Like 2009

The temporary elimination of the $ 600 in weekly jobless benefits was the biggest negative catalyst for the consumer since COVID-19 .
We say temporary because states are starting to pay the unemployed $ 300 to $ 400 extra from the federal government via Trump ’ s executive order ( 30 states are on board ) .
The GOP is attempting to pass a $ 500 billion stimulus which grants money for unemployment benefits , schools , testing , and small businesses , but doesn ’ t come with another round of $ 1,200 checks .
The Dems have a @ @ @ @ @ @ @ , you ’ d think the Dems would choose a smaller stimulus over nothing .
Then again , you ’ d think right before an election the GOP would want to give out a stimulus since the party is running on the economy .
They want to run on the economy pre-COVID-19 , but surely it would help if consumers are confident this fall .
The August BLS report will be pivotal since we have mixed data .
It ’ s the most widely covered in the news which means it will have @ @ @ @ @ @ @ weakness in Indeed job postings and consumer confidence .
However , RedBook same store sales growth improved last week .
As you can see from the chart above , Chase card spending wasn ’ t impacted by the expiration of the benefits on July 25th .
This makes sense because people knew the benefits would go away ahead of time , so they saved up some money in July .
Don ’ t be foolish .
Unless there is rapid job creation or more stimulus , spending growth will slow .
It ’ @ @ @ @ @ @ @ in weekly income to have no impact on spending .
As the chart shows , states with high jobless claims had a 7.8 % decline in spending and states with low claims had a 4.1 % yearly decline .
This difference has always existed , so the expiration didn ’ t cause a change .
The trend of improving growth continued in August .
It ’ s interesting that throughout the recession , states with higher claims had worse spending growth considering benefits gave people more money than they normally make .
This @ @ @ @ @ @ @ money .
Some people who aren ’ t on unemployment benefits don ’ t get how uncertain the process is .
No one wants to be on unemployment .
You never know when the money will go away even though people are entitled to it because they paid into the system .
Higher benefits for longer wouldn ’ t encourage people to stay unemployed .
This is an unusual market .
If you told investors in mid-March that there would be outright euphoria this summer , no one would have believed you .
@ @ @ @ @ @ @ of the market .
There were stories about how retail investors would never come back .
Journalists were exhibiting recency bias by thinking pessimism would last and retail traders were exhibiting recency bias by avoiding stocks after a major crash .
2020 is nothing like 2009 .
Investors now believe because a recession occurred , this bull run has years to go .
That ’ s a hypocritical thesis because they are also bullish on stocks because they say the economy doesn ’ t matter .
Where the economy is headed matters .
@ @ @ @ @ @ @ ’ t this ahead of the recovery .
On the one hand , if COVID-19 fully goes away , the economy can recover quickly .
On the other hand , the stock market is actually relying on a weak economy because low rates and staying at home are good for tech ; tech controls this market .
As we have mentioned , usually cyclical stocks outperform early in the cycle , but not this one .
Since this year has been so unprecedented can we really rule out a tech crash even if @ @ @ @ @ @ @ question is if that ’ s possible .
Is the tech sector too big to fail without taking down the consumer with it ?
It might not be too big to fail because consumers weren ’ t confident in August even though the S & P 500 and Nasdaq hit record highs .
Therefore , a bear market in the Nasdaq might not have a big enough impact to hurt overall spending .
Certainly , an improved jobs market would more than cancel out some people losing the money they speculated on tech @ @ @ @ @ @ @ cyclical stocks could make money .
We ’ re always looking for stats that show this bull run is greater than the 1990s .
Saying it ’ s the most speculative since the 1990s doesn ’ t impress us anymore .
As you can see from the chart below , the Nasdaq 100 ’ s monthly price series is 14.4 % above the upper end of the Bollinger bands .
That ’ s higher than the peak in 2000 .
Breadth is weak like in early 2000 .
On Wednesday , the Nasdaq @ @ @ @ @ @ @ and the Russell 2000 was down more than 0.5 % .
That ’ s the 8th time in the past 30 years .
Salesforce.com rose 26 % even as it announced layoffs .
If the cyclical economy rose while tech fell , it would be great for the labor market because these tech firms are firing people while they do well .
Furthermore , Facebook stock rose 8.2 % after announcing iOS 14 could cut its Audience Network sales by 50 % ( yes , that ’ s a bad thing ) .
@ @ @ @ @ @ @ stocks .
Plus , there have been new software IPOs announced to take advantage of the euphoria .
Tech firms don ’ t care about the election .
They want to IPO now because the market is hot .
As you can see from the chart below , insiders at Nasdaq 100 firms sold $ 10.4 billion this quarter which is a 171 % increase from last year .
Insider buys fell to $ 35 billion which was a 67 % decline from last year .
Consumer spending is fine now , but @ @ @ @ @ @ @ a $ 600 weekly decline in income doesn ’ t matter .
People saved up in anticipation of this decline .
The hope is the $ 300 in benefits and an improved jobs market will cushion the blow this fall .
Stimulus checks might not be coming even though the election is in November and consumer confidence could help the GOP .
Tech stocks are in a bubble .
Insiders know this is a frothy market .
That ’ s why they are selling more shares and buying less .
Furthermore , IPOs @ @ @ @ @ @ @ to take advantage of the euphoria .

by UPFINA
The temporary elimination of the $600 in weekly jobless benefits was the biggest negative catalyst for the consumer since COVID-19. We say temporary because states are starting to pay the unemployed $300 to $400 extra from the federal government via Trump’s executive order (30 states are on board). The GOP is attempting to pass a $500 billion stimulus which grants money for unemployment benefits, schools, testing, and small businesses, but doesn’t come with another round of $1,200 checks. The Dems have a $2 trillion proposal. In theory, you’d think the Dems would choose a smaller stimulus over nothing. Then again, you’d think right before an election the GOP would want to give out a stimulus since the party is running on the economy. They want to run on the economy pre-COVID-19, but surely it would help if consumers are confident this fall.
The August BLS report will be pivotal since we have mixed data. It’s the most widely covered in the news which means it will have political ramifications. There has been some weakness in Indeed job postings and consumer confidence. However, RedBook same store sales growth improved last week.
JPMORGAN: “Thus far, .. we see little sign that the [enhanced unemployment] benefit expiration has marked a major turning point for the overall economy, as many other high-frequency spending and activity indicators have continued rising into August.” pic.twitter.com/fOXHtcOMQp — Carl Quintanilla (@carlquintanilla) August 26, 2020
As you can see from the chart above, Chase card spending wasn’t impacted by the expiration of the benefits on July 25th. This makes sense because people knew the benefits would go away ahead of time, so they saved up some money in July. Don’t be foolish. Unless there is rapid job creation or more stimulus, spending growth will slow. It’s impossible for a $600 decline in weekly income to have no impact on spending.
As the chart shows, states with high jobless claims had a 7.8% decline in spending and states with low claims had a 4.1% yearly decline. This difference has always existed, so the expiration didn’t cause a change. The trend of improving growth continued in August. It’s interesting that throughout the recession, states with higher claims had worse spending growth considering benefits gave people more money than they normally make. This speaks to our point about people saving money. Some people who aren’t on unemployment benefits don’t get how uncertain the process is. No one wants to be on unemployment. You never know when the money will go away even though people are entitled to it because they paid into the system. Higher benefits for longer wouldn’t encourage people to stay unemployed.
Tech Stock Crash & Economic Recovery
This is an unusual market. If you told investors in mid-March that there would be outright euphoria this summer, no one would have believed you. In 2009, retail investors were scared of the market. There were stories about how retail investors would never come back. Journalists were exhibiting recency bias by thinking pessimism would last and retail traders were exhibiting recency bias by avoiding stocks after a major crash. 2020 is nothing like 2009. Investors now believe because a recession occurred, this bull run has years to go. That’s a hypocritical thesis because they are also bullish on stocks because they say the economy doesn’t matter.
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Where the economy is headed matters. However, normally the stock market isn’t this ahead of the recovery. On the one hand, if COVID-19 fully goes away, the economy can recover quickly. On the other hand, the stock market is actually relying on a weak economy because low rates and staying at home are good for tech; tech controls this market. As we have mentioned, usually cyclical stocks outperform early in the cycle, but not this one. Since this year has been so unprecedented can we really rule out a tech crash even if the economy keeps improving?
The next question is if that’s possible. Is the tech sector too big to fail without taking down the consumer with it? It might not be too big to fail because consumers weren’t confident in August even though the S&P 500 and Nasdaq hit record highs. Therefore, a bear market in the Nasdaq might not have a big enough impact to hurt overall spending. Certainly, an improved jobs market would more than cancel out some people losing the money they speculated on tech stocks. Furthermore, people invested in cyclical stocks could make money.
Bigger Burst Than The Late 1990s?
We’re always looking for stats that show this bull run is greater than the 1990s. Saying it’s the most speculative since the 1990s doesn’t impress us anymore. As you can see from the chart below, the Nasdaq 100’s monthly price series is 14.4% above the upper end of the Bollinger bands. That’s higher than the peak in 2000.
"At market extremes, price becomes it's own fundamental." -Soros, paraphrased. NDX100 monthly price series has now surpassed envy levels last visited in 1q2000. pic.twitter.com/JAs6VjRKhB — DC (@dimit) August 26, 2020
Breadth is weak like in early 2000. On Wednesday, the Nasdaq 100 was up more than 2% and the Russell 2000 was down more than 0.5%. That’s the 8th time in the past 30 years. Salesforce.com rose 26% even as it announced layoffs. If the cyclical economy rose while tech fell, it would be great for the labor market because these tech firms are firing people while they do well. Furthermore, Facebook stock rose 8.2% after announcing iOS 14 could cut its Audience Network sales by 50% (yes, that’s a bad thing).
Insider Selling
There is intense insider selling at tech stocks. Plus, there have been new software IPOs announced to take advantage of the euphoria. Tech firms don’t care about the election. They want to IPO now because the market is hot. As you can see from the chart below, insiders at Nasdaq 100 firms sold $10.4 billion this quarter which is a 171% increase from last year. Insider buys fell to $35 billion which was a 67% decline from last year.
Conclusion
Consumer spending is fine now, but don’t delude yourself into thinking a $600 weekly decline in income doesn’t matter. People saved up in anticipation of this decline. The hope is the $300 in benefits and an improved jobs market will cushion the blow this fall. Stimulus checks might not be coming even though the election is in November and consumer confidence could help the GOP. Tech stocks are in a bubble. Insiders know this is a frothy market. That’s why they are selling more shares and buying less. Furthermore, IPOs are coming as early as they can to take advantage of the euphoria.


investmentwatchblog--2020-08-27--Nobody Buys Fear. They all chase bubbles. Something ominous is about to happen.

Options Bets That the Stock Market Will Continue to Soar Have Exploded to Dot-Com Bubble Levels Even as the stock @ @ @ @ @ territory despite the economy being in the throes of a viral pandemic , Wall Street @ @ @

Nobody Buys Fear. They all chase bubbles. pic.twitter.com/BXzzE5qWTA — #BuyFear (@FordWealth) August 27, 2020
$SPX Something ominous is about to happen. pic.twitter.com/Uw0fGKIUmI — The Great Martis (@great_martis) August 27, 2020
The median S&P stock has never been more expensive t.co/6yd6Vs3h4J pic.twitter.com/8HrfagbZi3 — Trevor Noren (@trevornoren) August 27, 2020
Perfectly normal…… The software industry index to S&P 500 ratio is now 65% above tech bubble insanity levels….. pic.twitter.com/vha1LcVNbS — Otavio (Tavi) Costa (@TaviCosta) August 26, 2020
Stocks are near record overvalued even relative to money supply. This ratio recently formed a double top from the insane tech bubble levels. Still well above peak of the housing bubble. Looking for bargains? Not in overall stocks.
Precious metals are where it’s at. pic.twitter.com/O4EuUkCC71 — Otavio (Tavi) Costa (@TaviCosta) August 26, 2020
Price to Earnings Ratios… Tesla: 1170x
Amazon: 131x
Netflix: 89x
Microsoft: 40x
Apple: 38x
Google: 36x
Facebook: 36x Data via @ycharts — Charlie Bilello (@charliebilello) August 27, 2020
BULLARD SAYS 'WE'RE DEFINITELY IN THAT SHARP GROWTH PHASE' — *Walter Bloomberg (@DeItaOne) August 27, 2020
S&P and Rates during the Great Depression pic.twitter.com/fB2mTdQXdx — Win Smart, CFA (@WinfieldSmart) August 27, 2020
Tesla investors lining up to buy post-split shares… pic.twitter.com/yJPhUGB7uo — Dave Collum (@DavidBCollum) August 27, 2020
Even as the stock market is trading in record-setting territory despite the economy being in the throes of a viral pandemic, Wall Street bets for further…
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investmentwatchblog--2020-08-27--Jacob Blake’s parents are disgusted by the BLM riots across America, expressed RESPECT for President

Jacob Blake’s parents are disgusted by the BLM riots across America, expressed RESPECT for President Trump and apologized to POTUS for missing his call!

Related : Tucker Carlson on Kyle Rittenhouse , the Kenosha BLM Riots , and how BLM is “ waging war @ @ @ @ @ behalf of big business ” etc .
Minneapolis Looted After a Murder Suspect Commits Suicide @ @ @ @ @ knowing the facts .
Curfew Announced

Related:
Tucker Carlson on Kyle Rittenhouse, the Kenosha BLM Riots, and how BLM is “waging war on the middle class on behalf of big business” etc.
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Minneapolis Looted After a Murder Suspect Commits Suicide. Public Blames Cops without knowing the facts. Curfew Announced


investmentwatchblog--2020-08-27--Federal agents are now swarming and arresting ANTIFA and BLM in WI

Antifa in Portland are extremely nervous after it was reported that the FBI is going to investigate the riots happening @ @ @ @ @ pic.twitter.com/7Fi8HjCmDr

Antifa in Portland are extremely nervous after it was reported that the FBI is going to investigate the riots happening in Oregon. #PortlandRiots pic.twitter.com/7Fi8HjCmDr
— Andy Ngô (@MrAndyNgo) August 27, 2020


investmentwatchblog--2020-08-27--HOW INFLATION IMPACTS YOU: The Purchasing Power Lifecycle of Consumer Dollar w/ Lynette Zang

Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002 .
Ms. Zang has been @ @ @ @ @ level since 1964 .
Her mission is to convert financial noise into understandable language .
@ @ @ @ @ , a stock broker and studied world currencies since 1987 .
She believes strongly that @ @ @ @ @ independent as possible and at the same time , we need to come together in @ @ @ @ @ and thrive through the hyperinflation she sees in the near future .

ITM Trading, Released on 8/27/20
We are primarily funded by readers. Please subscribe and donate to support us!
Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. She believes strongly that we need to be as independent as possible and at the same time, we need to come together in community in order to survive and thrive through the hyperinflation she sees in the near future.


investmentwatchblog--2020-08-27--Pelosi: “Don’t tell anybody I told you this.. Especially don’t tell Joe Biden. But I don’t think the

Former Florida Attorney General and Women for Trump co-chair Pam Bondi talks to FOX Business ’ Elizabeth MacDonald about her @ @ @ @ @ Convention .

.@SpeakerPelosi: “Don’t tell anybody I told you this.. Especially don’t tell Joe Biden. But I don’t think there should be any debates.” pic.twitter.com/Guu8Jkl1Gs — Benny (@bennyjohnson) August 27, 2020
Former Florida Attorney General and Women for Trump co-chair Pam Bondi talks to FOX Business’ Elizabeth MacDonald about her speech at the Republican National Convention.
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investmentwatchblog--2020-08-27--Military Training to Detain (Concentration Camp) at Fort McCoy, Wisconsin

Detainee Operations ( aka Fema Concentration Camps soon to be activated ) ?
Rioting to defund , end and dismantle @ @ @ @ @ are federalizing the police force – and this is what comes next .
All dissidents @ @ @ @ @ their ’ narrative ) will be sent to their ‘ new homes ’ .
The @ @ @ @ @ operations at Fort McCoy WI .
They practiced how to intake , discharge , and @ @ @ @ @ other tasks .

Detainee Operations (aka Fema Concentration Camps soon to be activated)? Rioting to defund, end and dismantle local law enforcement? They are federalizing the police force – and this is what comes next. All dissidents (those going against ‘their’ narrative) will be sent to their ‘new homes’.
FORT MCCOY, WI, UNITED STATES
08.26.2020
Video by Zachary Mott and Cheryl Phillips
88th Readiness Division
The 75th MP Company conducted detainee operations at Fort McCoy WI. They practiced how to intake, discharge, and stop attempted escape attempts among other tasks.
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Source Link:
www.dvidshub.net/video/764908/detainee-operations
h/t FedWarrior


investmentwatchblog--2020-08-27--Protesters assembled outside of Amazon CEO JeffBezos’s Washington DC home; they set up and built a g

Protesters assembled outside of Amazon CEO JeffBezos’s Washington DC home; they set up and built a guillotine.

BREAKING : Protesters assembled outside of Amazon CEO JeffBezos 's Washington DC home ; they set up and built a @ @ @

BREAKING: Protesters assembled outside of Amazon CEO JeffBezos's Washington DC home; they set up and built a guillotine. pic.twitter.com/pqT6DaBFNo
— SV News 🚨 (@SVNewsAlerts) August 27, 2020


investmentwatchblog--2020-08-27--Why Americans Are Looking For A Safe Haven (Gold & Silver) From The Dollar

As the Federal Reserve ’ s quantitative easing practices generate the biggest debt bubble in history , gold futures are trading at record highs , a phenomenon some have called “ a bit of a mystery.
” However , this “ mystery ” was solved long ago by the laws of economics .
The only “ mystery ” here is why—contrary to centuries of economic wisdom—we allowed centralized paper money to become the dominant form of currency in the first place .
As recent waves of civil unrest and economic turmoil have prompted some to look back in time and @ @ @ @ @ @ @ Fathers , it seems most have opted to reject them entirely .
Yet among the founders ’ many warnings against the institutions that would eventually dominate the modern world are the timeless—and astonishingly accurate—warnings against central banking .
On August 1 , 1787 , George Washington wrote in a letter to Thomas Jefferson that “ paper currency [ can ] ruin commerce , oppress the honest , and open the door to every species of fraud and injustice.
” Jefferson also opposed the concept , warning that “ banking establishments are more dangerous @ @ @ @ @ @ @ paper money “ unjust , ” recognizing that it allowed the government to confiscate and redistribute property through inflation : “ It affects the rights of property as much as taking away equal value in land.
” In other words , inflation is a hidden form of taxation .
Washington understood this .
Jefferson understood this .
Madison understood this .
And generations of preeminent economists since then—from Ludwig von Mises to F.A .
Hayek , to Murray Rothbard—have understood this quite clearly .
And there ’ s nothing controversial or mysterious about @ @ @ @ @ @ @ backed by some form of secure , fixed weight commodity like gold or silver .
Both have been valued in some fashion for six thousand years and have been used as currency for around twenty-six hundred years .
As confidence in the dollar continues to nosedive , the market is not only putting more confidence in gold and silver , but in some cryptocurrencies sharing many of the characteristics of gold .
The presidencies of Woodrow Wilson and Franklin D. Roosevelt are rightfully regarded as some of the darkest years for freedom in @ @ @ @ @ @ @ are the deeply repressive monetary policies introduced by both presidents .
In 1838 , Senator John C. Calhoun foreshadowed the economic evils that would eventually emerge at the peak of the Progressive Era , explaining , “ It is the nature of stimulus…to excite first , and then depress afterwards….Nothing is more stimulating than an expanding and depreciating currency .
It creates a delusive appearance of prosperity , which puts everything in motion .
Everyone feels as if he was growing richer as prices rise.
” Seventy-five years later , the autocrats running @ @ @ @ @ @ @ to liberty with the Federal Reserve Act and the Revenue Act , forever marking 1913 as a tragic year for liberty .
Both laws struck at the heart of property rights by establishing the Federal Reserve System and the income tax , respectively .
Then , in 1933 , Roosevelt issued Executive Order No .
6102 , requiring Americans to surrender much of their gold to the US government .
Shortly after , Congress passed the Gold Reserve Act of 1934 , artificially raising the price of gold and guaranteeing the government a @ @ @ @ @ @ @ of gold it had seized from the people .
Finally , in 1971 , President Richard Nixon—like any self-respecting twentieth-century Keynesian—committed himself to finishing the work of Wilson and Roosevelt by closing the gold window , forever divorcing the gold standard from the dollar .
Rather than usher in a new era of economic stability , this unnatural union between the Fed and the federal government produced a vicious loop of boom-bust cycles and depressions .
The consequences have not only been inflation and devaluation ( both of which have stripped the people @ @ @ @ @ @ @ ; now , every time a depression hits , the government is allowed to do two things : grow its power and tax and spend at will without fear of accountability .
In other words , with every inflation of currency comes an inflation of government power .
With government shutdowns of local economies , the second economic quarter of this year was among the worst in history , with the total debt-to-GDP reaching a staggering 136 percent .
As the national debt approaches $ 27 trillion ( with even bigger spending bills @ @ @ @ @ @ @ expect the days of such flagrant government spending to come to a screeching halt .
If we continue on this path , that correction will result in an unprecedented collapse of the dollar and the monetary system .
The ultimate danger in this scenario : the government eventually confiscates the vast majority or even all private property in order to pay off the national debt .
As German American economist Hans Sennholz once said , “ Government debt is a government claim against personal income and private property—an unpaid tax bill.
” This @ @ @ @ @ @ @ is key to bringing the US out of this manic , outmoded cycle of depressions and upswings .
For the government to fulfill its core function as a safeguard of liberty , we must prevent it from meddling in affairs beyond the boundaries prescribed by the Founding Fathers .
This includes a swift withdrawal from the use of paper fiat currency and spending cuts across the board .
Such a sweeping transformation could begin with the state governments , the legislatures of which could override the federal government by passing legislation allowing individuals @ @ @ @ @ @ @ Regardless , if meaningful legislative action is not taken somewhere , we have little choice other than to acquiesce to the gloom and terror of socialism—a system that would devour all in its path and make slaves of once free people for generations to come .
Freedom is the natural ability of people to control their own destiny .
Sound money has the ability to help keep people free .
Stewart Jones is a member of the South Carolina House of Representatives .

By Stewart Jones via Mises
As the Federal Reserve’s quantitative easing practices generate the biggest debt bubble in history, gold futures are trading at record highs, a phenomenon some have called “a bit of a mystery.” However, this “mystery” was solved long ago by the laws of economics. The only “mystery” here is why—contrary to centuries of economic wisdom—we allowed centralized paper money to become the dominant form of currency in the first place.
As recent waves of civil unrest and economic turmoil have prompted some to look back in time and reflect on the observations of the Founding Fathers, it seems most have opted to reject them entirely. Yet among the founders’ many warnings against the institutions that would eventually dominate the modern world are the timeless—and astonishingly accurate—warnings against central banking.
On August 1, 1787, George Washington wrote in a letter to Thomas Jefferson that “paper currency [can] ruin commerce, oppress the honest, and open the door to every species of fraud and injustice.” Jefferson also opposed the concept, warning that “banking establishments are more dangerous than standing armies.” James Madison called paper money “unjust,” recognizing that it allowed the government to confiscate and redistribute property through inflation: “It affects the rights of property as much as taking away equal value in land.”
In other words, inflation is a hidden form of taxation. Washington understood this. Jefferson understood this. Madison understood this. And generations of preeminent economists since then—from Ludwig von Mises to F.A. Hayek, to Murray Rothbard—have understood this quite clearly.
And there’s nothing controversial or mysterious about sound money, that is, currency backed by some form of secure, fixed weight commodity like gold or silver. Both have been valued in some fashion for six thousand years and have been used as currency for around twenty-six hundred years. As confidence in the dollar continues to nosedive, the market is not only putting more confidence in gold and silver, but in some cryptocurrencies sharing many of the characteristics of gold.
The presidencies of Woodrow Wilson and Franklin D. Roosevelt are rightfully regarded as some of the darkest years for freedom in America. Often overlooked, however, are the deeply repressive monetary policies introduced by both presidents. In 1838, Senator John C. Calhoun foreshadowed the economic evils that would eventually emerge at the peak of the Progressive Era, explaining, “It is the nature of stimulus…to excite first, and then depress afterwards….Nothing is more stimulating than an expanding and depreciating currency. It creates a delusive appearance of prosperity, which puts everything in motion. Everyone feels as if he was growing richer as prices rise.”
Seventy-five years later, the autocrats running the Wilson administration dealt two devastating blows to liberty with the Federal Reserve Act and the Revenue Act, forever marking 1913 as a tragic year for liberty. Both laws struck at the heart of property rights by establishing the Federal Reserve System and the income tax, respectively. Then, in 1933, Roosevelt issued Executive Order No. 6102, requiring Americans to surrender much of their gold to the US government. Shortly after, Congress passed the Gold Reserve Act of 1934, artificially raising the price of gold and guaranteeing the government a profit of $14.33 for each ounce of gold it had seized from the people.
Finally, in 1971, President Richard Nixon—like any self-respecting twentieth-century Keynesian—committed himself to finishing the work of Wilson and Roosevelt by closing the gold window, forever divorcing the gold standard from the dollar. Rather than usher in a new era of economic stability, this unnatural union between the Fed and the federal government produced a vicious loop of boom-bust cycles and depressions. The consequences have not only been inflation and devaluation (both of which have stripped the people of their purchasing power and savings); now, every time a depression hits, the government is allowed to do two things: grow its power and tax and spend at will without fear of accountability.
We are primarily funded by readers. Please subscribe and donate to support us!
In other words, with every inflation of currency comes an inflation of government power.
With government shutdowns of local economies, the second economic quarter of this year was among the worst in history, with the total debt-to-GDP reaching a staggering 136 percent. As the national debt approaches $27 trillion (with even bigger spending bills in the works), we can expect the days of such flagrant government spending to come to a screeching halt. If we continue on this path, that correction will result in an unprecedented collapse of the dollar and the monetary system. The ultimate danger in this scenario: the government eventually confiscates the vast majority or even all private property in order to pay off the national debt. As German American economist Hans Sennholz once said, “Government debt is a government claim against personal income and private property—an unpaid tax bill.”
This is why a dramatic downsizing of government is key to bringing the US out of this manic, outmoded cycle of depressions and upswings. For the government to fulfill its core function as a safeguard of liberty, we must prevent it from meddling in affairs beyond the boundaries prescribed by the Founding Fathers. This includes a swift withdrawal from the use of paper fiat currency and spending cuts across the board.
Such a sweeping transformation could begin with the state governments, the legislatures of which could override the federal government by passing legislation allowing individuals to use gold and silver currency.
Regardless, if meaningful legislative action is not taken somewhere, we have little choice other than to acquiesce to the gloom and terror of socialism—a system that would devour all in its path and make slaves of once free people for generations to come. Freedom is the natural ability of people to control their own destiny. Sound money has the ability to help keep people free.
Author:
Stewart Jones
Stewart Jones is a member of the South Carolina House of Representatives.


investmentwatchblog--2020-08-27--Shedlock: How Overstated Are New Home Sales?

Just how overstated are new home sales ?
Year-to-date new home sales total 450,000 .
That is the 6th consecutive increase January through July .
Seasonally adjusted annualized ( SAAR ) , New Home Surged to a 13-Year High With the Midwest Leading the Way .
Due to Covid-19 , 2020 is not a normal year .
Strange things happen when you make seasonal adjustments and even year-over-year unadjusted comparisons in such setups .
On an unadjusted basis there were 78,000 newly homes sold during July vs 75,000 in June .
Those 75,000 new home sales in July alone were @ @ @ @ @ @ @ year-to-date total for seven months is only 450,000 .
I downloaded the unadjusted new home sales data from Fred ( the St. Louis Fed data repository ) and totaled up the year-to-date numbers since 1963 .
Year-to-date , there were 450,000 new homes sold .
Last year , there were 415,000 homes sold through July .
The year-over-year gain is a more realistic 35,000 / 415,000 = 8.4 % not 36.3 % .
For those with money and a job , Covid helped .
The Fed slashed interest rates and mortgage rates followed @ @ @ @ @ @ @ Do You Intend to Pay ?
Serious defaults are at a decade high and lenders are now have new forms .
For discussion , please see Mortgage Lenders Ask New Question : Do You Intend to Pay ?

by Lance Roberts
Just how overstated are new home sales?
Year-to-date new home sales total 450,000. That is the 6th consecutive increase January through July.
Comparisons Gone Haywire
Seasonally adjusted annualized (SAAR), New Home Surged to a 13-Year High With the Midwest Leading the Way.
By Region Month-Over Month Percentages
US: +13.9%
Northeast: -23.1%
Midwest: +58.8%
South: +13.0%
West: +7.8%
By Region Year-Over Year Percentages
US: +36.3%
Northeast: +25.0%
Midwest: +81.4%
South: +27.6%
West: +40.8%
Covid-Skewed Numbers
Due to Covid-19, 2020 is not a normal year.
Strange things happen when you make seasonal adjustments and even year-over-year unadjusted comparisons in such setups.
Unadjusted Numbers
On an unadjusted basis there were 78,000 newly homes sold during July vs 75,000 in June.
We are primarily funded by readers. Please subscribe and donate to support us!
Those 75,000 new home sales in July alone were reported as 901,000.
However, the year-to-date total for seven months is only 450,000.
What’s the Valid Comparison?
I downloaded the unadjusted new home sales data from Fred (the St. Louis Fed data repository) and totaled up the year-to-date numbers since 1963.
Year-to-date, there were 450,000 new homes sold. Last year, there were 415,000 homes sold through July.
The year-over-year gain is a more realistic 35,000 / 415,000 = 8.4% not 36.3%.
For those with money and a job, Covid helped. The Fed slashed interest rates and mortgage rates followed.
But problems brew beneath the surface.
Mortgage Lenders Ask New Question: Do You Intend to Pay?
Serious defaults are at a decade high and lenders are now have new forms.
For discussion, please see Mortgage Lenders Ask New Question: Do You Intend to Pay?


investmentwatchblog--2020-08-27--Look For Platinum To Rally – Following Gold

by Chris Vermeulen of The Technical Traders • Incredible Opportunities In Precious Metals Right Now • Silver Is Still In The “ Super-Hero ” Setup • Rally Hinges On The Platinum Breakout Above $ 1,050.50 Platinum may be setting up in a technical pattern that is similar to the end of 2001/early 2002 .
At that time , Gold had already begun to rally above $ 340 and Platinum had rallied to levels above $ 600 .
Then , while Gold continued to rally , Platinum contracted to price levels near $ 400 on diminishing volume .
Once that contraction @ @ @ @ @ @ @ price move with stronger volume levels which lasted almost seven years – reaching a peak above $ 2,300 .
Could the same setup be happening right now ?
PLATINUM MIRRORING GOLD – JUST LIKE IT DID IN 2003 The upside price move in Gold may be the key to understanding the potential for an upside price move in Platinum .
Gold has already rallied from $ 1,340 to over $ 1,000 over the past 12+ months while Platinum has moved lower from $ 2,000 to $ 800 and has recently started forming a @ @ @ @ @ @ @ decline in Platinum in March 2020 setup a very deep low near $ 562 .
We believe the diminishing volume and deep low bottom setup in Platinum are mirroring the 2002 deep bottom setup and starting a potentially strong rally for Platinum .
This Platinum Monthly chart below shows the 2000 to 2010 rally , including the 2002 deep bottom setup and volume setup , suggests that once Platinum rallied above the previous high price level near $ 641 , the opportunity for a continued upside price rally was consistent .
We believe @ @ @ @ @ @ @ continued upside price rally in Gold .
As Gold began to appreciate , Platinum continued to appreciate and trend higher – following Gold ’ s lead .
The current Platinum/Gold Monthly chart , below , shows a strong rounded bottom formation in Gold ( the BLUE line on this chart ) and the upside breakout in Gold that took place back in May 2019 .
Meanwhile , Platinum has extended a rounded bottom formation and recently set up a very deep spike price low with the COVID-19 price collapse .
Be sure to @ @ @ @ @ @ @ before closing this page so you don ’ t miss our next special report !
My team and I believe once Platinum breaks above the $ 1,050.50 level on increasing trading volume while Gold continues to rally , a larger upside price trend will setup in both Gold and Platinum that could mirror what happened from 2004 through 2010 .
This would suggest Gold could rally more than 400 % from current levels and Platinum could rally more than 300 % from current levels .
The following Weekly Platinum chart highlights the setup @ @ @ @ @ @ @ big upside breakout move soon .
The diminishing volume throughout a downside price trend – followed by increasing volume throughout a recovery , and eventual breakout of the resistance level near $ 1,050.50 .
We would watch for Gold to continue to rally over the next 12+ weeks , while the volume levels increase in Platinum as it attempts to close in on the $ 1,050.50 price level .
Once that level is breached to the upside , we would expect volume levels to continue to increase ( on average ) as both @ @ @ @ @ @ @ “ pair of fear hedge metals ” and continue to rally up to a peak .
If we are correct in our interpretation of the pattern , then a 400 % rally in Gold from the breakout level in Platinum would put the Gold peak price level somewhere above $ 7,500 or higher .
This would put the Platinum peak level somewhere near $ 3,450 or higher .
As many of you may already know , we love the metals and we love to apply our technical analysis skills and pattern research onto @ @ @ @ @ @ @ scope of the rally that is setting up in Platinum mirrors the 2003 to 2010 price rally – just waiting for this breakout pattern to complete ?
Get ready because this could be one over the biggest upside price moves in precious metals that anyone has ever seen since the 2003 to 2010 rally .
This might push Gold above $ 7,500 an ounce and may push Platinum above $ 3,400 per ounce .
Guess where Silver prices should be at those levels ?
?
( we ’ ll give you a hint @ @ @ @ @ @ @ ounce ) .
If you found this informative , then sign up now to get a pre-market video every day before the opening bell that walks you through the charts and my proprietary technical analysis of all of the major assets classes .
You will also receive my easy-to-follow ETF swing trades that always include an entry price , a stop , two exit targets , as well as a recommended position sizing .
Visit my Active ETF Trading Newsletter to learn more .
While many of you have trading accounts , our @ @ @ @ @ @ @ accounts .
Our signals can help you preserve and even grow your long term capital .
If you have any type of long-term investment or retirement account and are looking for signals as to when to own equities , bonds , or cash , be sure to become a member of my Long-Term Investing Signals , which includes a weekly market update and trade alerts .
NOTICE : Our free research does not constitute a trade recommendation or solicitation for our readers to take any action regarding this research .
It is provided @ @ @ @ @ @ @ web site ( www.thetechnicaltraders.com ) to learn how to take advantage of our members-only research and trading signals .

by Chris Vermeulen of The Technical Traders
RESEARCH HIGHLIGHTS:
Incredible Opportunities In Precious Metals Right Now
Platinum Sets Up For A Big Breakout
Gold Poised To Continue Rally
Silver Is Still In The “Super-Hero” Setup
Rally Hinges On The Platinum Breakout Above $1,050.50
Platinum may be setting up in a technical pattern that is similar to the end of 2001/early 2002. At that time, Gold had already begun to rally above $340 and Platinum had rallied to levels above $600. Then, while Gold continued to rally, Platinum contracted to price levels near $400 on diminishing volume. Once that contraction was complete, Platinum began and upside price move with stronger volume levels which lasted almost seven years – reaching a peak above $2,300. Could the same setup be happening right now?
PLATINUM MIRRORING GOLD – JUST LIKE IT DID IN 2003
The upside price move in Gold may be the key to understanding the potential for an upside price move in Platinum. Gold has already rallied from $1,340 to over $1,000 over the past 12+ months while Platinum has moved lower from $2,000 to $800 and has recently started forming a rounded bottom formation. The deep price decline in Platinum in March 2020 setup a very deep low near $562. We believe the diminishing volume and deep low bottom setup in Platinum are mirroring the 2002 deep bottom setup and starting a potentially strong rally for Platinum.
This Platinum Monthly chart below shows the 2000 to 2010 rally, including the 2002 deep bottom setup and volume setup, suggests that once Platinum rallied above the previous high price level near $641, the opportunity for a continued upside price rally was consistent. We believe the basis for this move was the continued upside price rally in Gold. As Gold began to appreciate, Platinum continued to appreciate and trend higher – following Gold’s lead.
The current Platinum/Gold Monthly chart, below, shows a strong rounded bottom formation in Gold (the BLUE line on this chart) and the upside breakout in Gold that took place back in May 2019. Meanwhile, Platinum has extended a rounded bottom formation and recently set up a very deep spike price low with the COVID-19 price collapse.
Be sure to opt-in to our free market trend signals before closing this page so you don’t miss our next special report!
My team and I believe once Platinum breaks above the $1,050.50 level on increasing trading volume while Gold continues to rally, a larger upside price trend will setup in both Gold and Platinum that could mirror what happened from 2004 through 2010. This would suggest Gold could rally more than 400% from current levels and Platinum could rally more than 300% from current levels.
We are primarily funded by readers. Please subscribe and donate to support us!
The following Weekly Platinum chart highlights the setup in Platinum we believe may prompt a big upside breakout move soon. The diminishing volume throughout a downside price trend – followed by increasing volume throughout a recovery, and eventual breakout of the resistance level near $1,050.50. We would watch for Gold to continue to rally over the next 12+ weeks, while the volume levels increase in Platinum as it attempts to close in on the $1,050.50 price level. Once that level is breached to the upside, we would expect volume levels to continue to increase (on average) as both Gold and Platinum are considered as a “pair of fear hedge metals” and continue to rally up to a peak.
If we are correct in our interpretation of the pattern, then a 400% rally in Gold from the breakout level in Platinum would put the Gold peak price level somewhere above $7,500 or higher. This would put the Platinum peak level somewhere near $3,450 or higher.
As many of you may already know, we love the metals and we love to apply our technical analysis skills and pattern research onto these charts. Could you imagine the scope of the rally that is setting up in Platinum mirrors the 2003 to 2010 price rally – just waiting for this breakout pattern to complete?
Get ready because this could be one over the biggest upside price moves in precious metals that anyone has ever seen since the 2003 to 2010 rally. This might push Gold above $7,500 an ounce and may push Platinum above $3,400 per ounce. Guess where Silver prices should be at those levels?? (we’ll give you a hint: somewhere north of $125 per ounce).
If you found this informative, then sign up now to get a pre-market video every day before the opening bell that walks you through the charts and my proprietary technical analysis of all of the major assets classes. You will also receive my easy-to-follow ETF swing trades that always include an entry price, a stop, two exit targets, as well as a recommended position sizing. Visit my Active ETF Trading Newsletter to learn more.
While many of you have trading accounts, our most important accounts are long-term buy-and-hold investment accounts. Our signals can help you preserve and even grow your long term capital. If you have any type of long-term investment or retirement account and are looking for signals as to when to own equities, bonds, or cash, be sure to become a member of my Long-Term Investing Signals, which includes a weekly market update and trade alerts.
Chris Vermeulen
Chief Market Strategist
Founder of Technical Traders Ltd.
NOTICE: Our free research does not constitute a trade recommendation or solicitation for our readers to take any action regarding this research. It is provided for educational purposes only. Visit our web site (www.thetechnicaltraders.com) to learn how to take advantage of our members-only research and trading signals.


investmentwatchblog--2020-08-27--Trading for beginners: how to trade without risks

Trading is an activity that has seen its fortune in recent years on the web , thanks to the development of sophisticated technologies , a faster and faster connection , and support tools that have made investments in the worldwide markets accessible to everybody .
Investments with trading , in fact , are no longer exclusive for specialists in the financial sector , nor it is needed a large amount of capital to get started .
Those who do not have a solid knowledge of economic and investment mechanisms , can rely on manuals , guides and trading courses available @ @ @ @ @ @ @ offered directly by the best brokers .
In addition , the tools provided by the platforms for those who approach trading for the first time are many .
Among them , one of the best tools for beginners is a demo account , that allows them to practice trading without risking their money .
Demo accounts are identical to real accounts with the difference that is not needed to make any deposit to start trading , as they are automatically filled in with virtual money offered by the broker .
This way , @ @ @ @ @ @ @ markets without any risk and try out moves and strategies , with the advantage of avoiding any loss if one of these operations should fail .
Best brokers for newbie traders : what services they offer There are many brokers that offer valuable support services to traders , a feature that positions them among the most valid and efficient platforms in the market .
To make sure you always rely on reliable brokers , it is essential to make sure they have the licenses supplied by the financial regulatory agencies of each territory @ @ @ @ @ @ @ broker is not a scam .
Moreover , the best advice for newbies is to avoid dealing with brokers who promise too profitable and easy gains because in most cases they may hide fraudulent intent .
One of the most loved brokers , especially by beginners , is eToro that is now available also for the US market .
eToro is one of the brokers considered the best to start trading because it provides newbie traders many tools designed to support them in the early stages of investment .
eToro Simulation is a @ @ @ @ @ @ @ activated to each user who completes the registration form to the site .
This way , traders can immediately start practicing their strategies and switch to the real account once they become familiar with them .
Another good thing about eToro USA is that the demo account will not be deactivated once the first deposit has been made , so even experienced traders can continue to use it , if needed , before making a particularly complex investment .
eToro Social and Copy Trading are two additional services considered to be the spearhead @ @ @ @ @ @ @ , eToro has created a real social trading network , giving all members the opportunity to connect , interact with each other , and share tips and winning strategies .
Copy Trading , instead , is the automatic trading service that guarantees beginners ’ successful operations from the first moment .
This tool allows those who have little experience to copy moves and operations from the most experienced traders and get , in percentage , the same earnings potential of the professional investors .
There are some differences between eToro for EU markets @ @ @ @ @ @ @ difference is that the platform for the US market offers customers only cryptocurrencies as assets to trade , while eToro for other markets also allows to trade on forex , commodities , stocks and so on .
Disclaimer : This content does not necessarily represent the views of IWB .

Trading is an activity that has seen its fortune in recent years on the web, thanks to the development of sophisticated technologies, a faster and faster connection, and support tools that have made investments in the worldwide markets accessible to everybody.
Investments with trading, in fact, are no longer exclusive for specialists in the financial sector, nor it is needed a large amount of capital to get started.
Those who do not have a solid knowledge of economic and investment mechanisms, can rely on manuals, guides and trading courses available for free on the web and often offered directly by the best brokers.
In addition, the tools provided by the platforms for those who approach trading for the first time are many. Among them, one of the best tools for beginners is a demo account, that allows them to practice trading without risking their money.
Demo accounts are identical to real accounts with the difference that is not needed to make any deposit to start trading, as they are automatically filled in with virtual money offered by the broker.
This way, newbie traders can start investing in the markets without any risk and try out moves and strategies, with the advantage of avoiding any loss if one of these operations should fail.
Best brokers for newbie traders: what services they offer
There are many brokers that offer valuable support services to traders, a feature that positions them among the most valid and efficient platforms in the market.
To make sure you always rely on reliable brokers, it is essential to make sure they have the licenses supplied by the financial regulatory agencies of each territory. Regulation is a sign that the broker is not a scam.
Moreover, the best advice for newbies is to avoid dealing with brokers who promise too profitable and easy gains because in most cases they may hide fraudulent intent.
One of the most loved brokers, especially by beginners, is eToro that is now available also for the US market.
We are primarily funded by readers. Please subscribe and donate to support us!
eToro: demo account, social and copy trading
eToro is one of the brokers considered the best to start trading because it provides newbie traders many tools designed to support them in the early stages of investment.
eToro Simulation is a free demo account service that is automatically activated to each user who completes the registration form to the site.
This way, traders can immediately start practicing their strategies and switch to the real account once they become familiar with them.
Another good thing about eToro USA is that the demo account will not be deactivated once the first deposit has been made, so even experienced traders can continue to use it, if needed, before making a particularly complex investment.
eToro Social and Copy Trading are two additional services considered to be the spearhead of this broker.
With Social Trading, eToro has created a real social trading network, giving all members the opportunity to connect, interact with each other, and share tips and winning strategies.
Copy Trading, instead, is the automatic trading service that guarantees beginners’ successful operations from the first moment. This tool allows those who have little experience to copy moves and operations from the most experienced traders and get, in percentage, the same earnings potential of the professional investors.
There are some differences between eToro for EU markets and the US version. The main difference is that the platform for the US market offers customers only cryptocurrencies as assets to trade, while eToro for other markets also allows to trade on forex, commodities, stocks and so on.
Disclaimer: This content does not necessarily represent the views of IWB.


investmentwatchblog--2020-08-27--How to Save Energy When Working From Home

Working from home can give you the work/life balance you ’ ve been looking for in your professional life .
With the proliferation of online and digital technology , it has never been easier or more convenient to set up and get down to business while at home .
It gives you flexibility , comfort , and the ability to work in your pajamas , if you wish .
However , just like your old office , it can increase your energy bills since your home will not be empty all day when you would otherwise be at work .
@ @ @ @ @ @ @ electric rates in CT. , but there ’ s more that you can do .
Here are some tips to help you be as energy efficient as possible while digitally commuting .
Try Not to Move Around Just like with your old office , you should set up a dedicated space in your home for work .
Too many people use their laptops and move around throughout the day .
This means that you can end up using power in rooms that would be empty all day .
You shouldn ’ t work @ @ @ @ @ @ @ instance , and then move to another room and leave the TV on .
This particular example will also help you stay focused .
By setting up a dedicated spot , the rest of the house can use power as it normally would if you were at the office all day .
If you were allowed to , you may not have thought twice about cranking up or down the thermostat when you were at the office .
After all , it isn ’ t you paying for the extra energy used .
@ @ @ @ @ @ @ be the one paying if you aren ’ t getting subsidies .
Temperature control is a big part of your energy bill , so do what you can to avoid overheating or overcooling .
A smart thermostat is a great way to regulate the temperature .
Geofencing can be very handy if you have to come and go through the day .
It will keep your home comfortable while you are there , and then shut off when you are gone .
That way your home ’ s climate will not be conditioned @ @ @ @ @ @ @ be .
One great thing about working from home is that you don ’ t have to work under institutional lighting .
You can take advantage of natural light so that you don ’ t need to turn any on at all .
In fact , by opening the blinds and letting light in , you will not only save energy on lighting , but also on your HVAC system , since natural light can provide some heating for you .
Of course , in the hot months you can close the blinds @ @ @ @ @ @ @ comes a time when you do need to use an interior light , try a desk lamp instead of using your overhead lamps .
It will use less energy .
If you are working from home , then you will no doubt be using technology to perform tasks and keep in touch with your co-workers and superiors .
That means that you will inevitably need to use power .
If you use a smart power strip , you can avoid phantom power and you won ’ t overcharge your devices .
Phantom power @ @ @ @ @ @ @ is constantly being used by things that are plugged in .
Make sure that you cycle your laptop battery by running it all the way down and then charging it back up .
This will help extend its lifespan , If your laptop is newer , then it may already automatically shut off the charging function when the battery is full .
Always use the ideal power saving settings on your laptop and devices to limit how often you will need to charge them .
Make sure that if you have devices that @ @ @ @ @ @ @ unplug them so they don ’ t leak electricity , and plug them back in only when you need them .
Be Efficient With Your Time One of the best things about working from home is that you don ’ t have to be in your office for 8 hours a day and constrained by a daily schedule .
You can take breaks whenever you want , and even take a nap , as long as you are still bringing in the revenue you need .
However , that temptation to slack off @ @ @ @ @ @ @ bills .
Too many people working from home aren ’ t completely focused at all times .
Their computer might be on and they are at their desk , but they might be surfing the web , scrolling social media , or keeping one eye on the television .
The more time you spend at your desk not working , the more time your computer and any other equipment you use are running without being productive .
If you are efficient with your time , then your tech does not have to be @ @ @ @ @ @ @ energy efficiency .
It ’ s never been easier to work with technology that is as energy efficient as possible .
You can look for the Energy Star label when purchasing products , which means that they are certified to conserve energy during usage .
Most appliances and tech devices can be Energy Star rated , so shop carefully .
You can also purchase refurbished equipment .
It costs less to you , and while it might not save you energy , it is still more environmentally friendly .
You can save energy @ @ @ @ @ @ @ system .
Make sure that your windows and doors are properly sealed to keep your conditioned air in , and exterior air out .
You can have an energy audit done in your home to see if there are spots where air is getting in .
There are several easy and inexpensive fixes that will allow you to be comfortable without having to break the bank on electricity costs .
Disclaimer : This content does not necessarily represent the views of IWB .

Working from home can give you the work/life balance you’ve been looking for in your professional life. With the proliferation of online and digital technology, it has never been easier or more convenient to set up and get down to business while at home. It gives you flexibility, comfort, and the ability to work in your pajamas, if you wish. However, just like your old office, it can increase your energy bills since your home will not be empty all day when you would otherwise be at work. You can always check for the cheapest electric rates in CT., but there’s more that you can do. Here are some tips to help you be as energy efficient as possible while digitally commuting.
Try Not to Move Around
Just like with your old office, you should set up a dedicated space in your home for work. Too many people use their laptops and move around throughout the day. This means that you can end up using power in rooms that would be empty all day. You shouldn’t work in front of the television, for instance, and then move to another room and leave the TV on. This particular example will also help you stay focused. By setting up a dedicated spot, the rest of the house can use power as it normally would if you were at the office all day.
Moderate the Temperature
If you were allowed to, you may not have thought twice about cranking up or down the thermostat when you were at the office. After all, it isn’t you paying for the extra energy used. However, at your home you may be the one paying if you aren’t getting subsidies. Temperature control is a big part of your energy bill, so do what you can to avoid overheating or overcooling. A smart thermostat is a great way to regulate the temperature. Geofencing can be very handy if you have to come and go through the day. It will keep your home comfortable while you are there, and then shut off when you are gone. That way your home’s climate will not be conditioned when it doesn’t need to be.
Manage the Lighting
One great thing about working from home is that you don’t have to work under institutional lighting. You can take advantage of natural light so that you don’t need to turn any on at all. In fact, by opening the blinds and letting light in, you will not only save energy on lighting, but also on your HVAC system, since natural light can provide some heating for you. Of course, in the hot months you can close the blinds for the reverse effect. If there comes a time when you do need to use an interior light, try a desk lamp instead of using your overhead lamps. It will use less energy.
Technology
If you are working from home, then you will no doubt be using technology to perform tasks and keep in touch with your co-workers and superiors. That means that you will inevitably need to use power. If you use a smart power strip, you can avoid phantom power and you won’t overcharge your devices. Phantom power is the small amount of power that is constantly being used by things that are plugged in. Make sure that you cycle your laptop battery by running it all the way down and then charging it back up. This will help extend its lifespan, If your laptop is newer, then it may already automatically shut off the charging function when the battery is full. Always use the ideal power saving settings on your laptop and devices to limit how often you will need to charge them. Make sure that if you have devices that are important but not used regularly, unplug them so they don’t leak electricity, and plug them back in only when you need them.
We are primarily funded by readers. Please subscribe and donate to support us!
Be Efficient With Your Time
One of the best things about working from home is that you don’t have to be in your office for 8 hours a day and constrained by a daily schedule. You can take breaks whenever you want, and even take a nap, as long as you are still bringing in the revenue you need. However, that temptation to slack off could be hurting you through your energy bills. Too many people working from home aren’t completely focused at all times. Their computer might be on and they are at their desk, but they might be surfing the web, scrolling social media, or keeping one eye on the television. The more time you spend at your desk not working, the more time your computer and any other equipment you use are running without being productive. If you are efficient with your time, then your tech does not have to be running needlessly. Working efficiency coincides with energy efficiency.
Work With Energy-Efficient Equipment
It’s never been easier to work with technology that is as energy efficient as possible. You can look for the Energy Star label when purchasing products, which means that they are certified to conserve energy during usage. Most appliances and tech devices can be Energy Star rated, so shop carefully. You can also purchase refurbished equipment. It costs less to you, and while it might not save you energy, it is still more environmentally friendly.
Seal Up Your Home
You can save energy by making things easier on your HVAC system. Make sure that your windows and doors are properly sealed to keep your conditioned air in, and exterior air out. You can have an energy audit done in your home to see if there are spots where air is getting in. There are several easy and inexpensive fixes that will allow you to be comfortable without having to break the bank on electricity costs.
Disclaimer: This content does not necessarily represent the views of IWB.


investmentwatchblog--2020-08-27--THIS TRIGGERES RIOTS IN MINNEAPOLIS: black guy put a gun in his mouth and pulles the trigger!

THE POLICE KILLING OF A BLACK GUY IN MINNEAPOLIS WAS CAUGHT CLEARLY ON VIDEO , AND AS IT TURNS OUT @ @ @ @ @ , THE BLACK GUY PUT A GUN IN HIS MOUTH AND PULLED THE TRIGGER .

BOOOOOOOM, GET THIS:
THE POLICE KILLING OF A BLACK GUY IN MINNEAPOLIS WAS CAUGHT CLEARLY ON VIDEO, AND AS IT TURNS OUT, THE POLICE DID NOTHING, THE BLACK GUY PUT A GUN IN HIS MOUTH AND PULLED THE TRIGGER.
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AC


investmentwatchblog--2020-08-27--This only happened 8 other times in the last 30 years. All in 2000, 2001 & 2002.

Nasdaq 100 up more than 2 % Russell 2000 down more than 0.5 % That 's only happened 8 other @ @ @ @ @ years .
All in 2000 , 2001 & 2002 .

Nasdaq 100 up more than 2%
Russell 2000 down more than 0.5%
That's only happened 8 other times in the last 30 years. All in 2000, 2001 & 2002.
— Sarah Ponczek (@SarahPonczek) August 26, 2020


investmentwatchblog--2020-08-27--Biggest experiment in monetary history: Central banks are almost engaged in a battle over who can ru

Biggest experiment in monetary history : Central banks are almost engaged in a battle over who can rumble their printing @ @ @ @ @ and Bank of Japan lead the race .
pic.twitter.com/JQ9h46vXib

Biggest experiment in monetary history: Central banks are almost engaged in a battle over who can rumble their printing presses the loudest. SNB and Bank of Japan lead the race. pic.twitter.com/JQ9h46vXib
— Holger Zschaepitz (@Schuldensuehner) August 27, 2020


investmentwatchblog--2020-08-27--India Stops Oil Purchases From China

India Stops Oil Purchases From China

Indian refiners have stopped buying crude oil from Chinese sellers , according to a Reuters report that cited unnamed sources .
The move , according to the report , comes as a result of new legislation passed by Indian lawmakers that aims to restrict imports from the country ’ s neighbors after bilateral relations with China deteriorated following a border clash that involved fatalities on the Indian side .
Earlier this month , Indian refiners stopped chartering Chinese-owned or China-flagged tankers for oil and fuels , according to a Bloomberg report , also citing unnamed sources .
Vessels owned or @ @ @ @ @ @ @ part in tenders for oil tankers that import crude oil into India or export refined petroleum products out of India , Bloomberg ’ s sources said , adding that Indian state oil companies had plans to ask that oil traders did not use Chinese vessels for delivering oil to them .
Chinese-Indian relations have never been warm , to say the least , because of a long-standing dispute regarding where exactly the border between the two should pass .
Flare-ups have not been infrequent , but the latest one that resulted in the @ @ @ @ @ @ @ the most serious in five decades .
The oil import move is the latest in a series of steps taken by India in response to the increased bilateral hostility .
In late June , before the import-restricting legislation passed , India ’ s government said it would be checking power equipment coming from China , citing cybersecurity concerns .
The tanker restrictions then followed , and ultimately the reported suspension of crude imports followed that .
The new export-from-neighbors legislation , Reuters explains , requires that any seller wishing to take part in @ @ @ @ @ @ @ must register with a department in India ’ s ministry of commerce .
Even though China does not export crude to India directly , Chinese trading firms are among the biggest oil traders globally .

By Irina Slav
Indian refiners have stopped buying crude oil from Chinese sellers, according to a Reuters report that cited unnamed sources.
The move, according to the report, comes as a result of new legislation passed by Indian lawmakers that aims to restrict imports from the country’s neighbors after bilateral relations with China deteriorated following a border clash that involved fatalities on the Indian side.
Earlier this month, Indian refiners stopped chartering Chinese-owned or China-flagged tankers for oil and fuels, according to a Bloomberg report, also citing unnamed sources.
Vessels owned or registered by China were prohibited from taking part in tenders for oil tankers that import crude oil into India or export refined petroleum products out of India, Bloomberg’s sources said, adding that Indian state oil companies had plans to ask that oil traders did not use Chinese vessels for delivering oil to them.
We are primarily funded by readers. Please subscribe and donate to support us!
Chinese-Indian relations have never been warm, to say the least, because of a long-standing dispute regarding where exactly the border between the two should pass. Flare-ups have not been infrequent, but the latest one that resulted in the death of 20 Indian soldiers has become the most serious in five decades.
The oil import move is the latest in a series of steps taken by India in response to the increased bilateral hostility. In late June, before the import-restricting legislation passed, India’s government said it would be checking power equipment coming from China, citing cybersecurity concerns. The tanker restrictions then followed, and ultimately the reported suspension of crude imports followed that.
The new export-from-neighbors legislation, Reuters explains, requires that any seller wishing to take part in an oil tender coming from Indian refiners must register with a department in India’s ministry of commerce. Even though China does not export crude to India directly, Chinese trading firms are among the biggest oil traders globally.
By Irina Slav for Oilprice.com


Tech Signal

As bears are capitulating and markets keep making new highs on the heels of yet another dovish speech by Jerome Powell investors continue to chase historic valuations .
Nothing has mattered so far , not the imbalances , not the rising $ VIX , not the data , not the historic stretches in the charts of individual stocks such as $ TSLA , $ AAPL and others nor valuations .
But the deteriorating picture underneath markets has left a familiar trail in some of the signal charts and tech specifically looks at very high risk of a sizable coming correction @ @ @ @ @ @ @ red here is the $ NASI , the Nasdaq summation index .
It has built a very specific structure that has signaled sizable corrections coming in the past couple of years .
While $ NDX keeps making new highs NASI ’ s price action weakens on new highs , while $ NDX is engaged in a pattern of price compression as it keeps rising in a steep rising channel patterns .
I submit we are seeing this again now : In previous occasions the break in the pattern have led to significant down @ @ @ @ @ @ @ being in February of this year leading to the crash in March .
We also saw a sizable correction in May in of 2019 following the signal .
Both times the divergence took roughly 2 months to build , a similar time frame that can be observed here .
Tops are processes and this process here has been building .
No breakdown has taken place yet , but the warnings signals are mounting and are screaming risk off coming .

BY SVEN HENRICH
As bears are capitulating and markets keep making new highs on the heels of yet another dovish speech by Jerome Powell investors continue to chase historic valuations.
Nothing has mattered so far, not the imbalances, not the rising $VIX, not the data, not the historic stretches in the charts of individual stocks such as $TSLA, $AAPL and others nor valuations.
But the deteriorating picture underneath markets has left a familiar trail in some of the signal charts and tech specifically looks at very high risk of a sizable coming correction.
Specifically the chart that is flashing red here is the $NASI, the Nasdaq summation index.
It has built a very specific structure that has signaled sizable corrections coming in the past couple of years.
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While $NDX keeps making new highs NASI’s price action weakens on new highs, while $NDX is engaged in a pattern of price compression as it keeps rising in a steep rising channel patterns.
I submit we are seeing this again now:
In previous occasions the break in the pattern have led to significant down moves, the last one of course being in February of this year leading to the crash in March.
We also saw a sizable correction in May in of 2019 following the signal.
Both times the divergence took roughly 2 months to build, a similar time frame that can be observed here.
Tops are processes and this process here has been building. No breakdown has taken place yet, but the warnings signals are mounting and are screaming risk off coming.