Audacity, Tenacity, Veracity.
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Federal Reserve, top bank regulators flag 'significant' worries over crypto assetsThe Federal Reserve, FDIC, and the Office of the Comptroller of the Currency (OCC) issued a joint statement on Tuesday warning about "significant" risks crypto assets may pose to the broader banking system.
“It is important that risks related to the crypto-asset sector that cannot be mitigated or controlled do not migrate to the banking system,” the agencies said in a joint statement.
Remainder of article at link:
One gauge of anxiety in the marketplace was seen Tuesday, when gold prices posted solid gains despite a strong rally in the U.S. dollar index. In past months the USDX and gold prices have traded in a strong inverse relationship on a daily basis. The rally in the gold market this week comes amid the shaky global stocks markets and worries about rising Covid infections in China continuing to crimp the world’s second-largest economy.
Technically, the gold futures bulls have the solid overall near-term technical advantage. Prices are in a two-month-old uptrend on the daily bar chart. Bulls’ next upside price objective is to produce a close in February futures above solid resistance at $1,900.00. Bears' next near-term downside price objective is pushing futures prices below solid technical support at $1,775.00. First resistance is seen at today’s high of $1,871.30 and then at $1,900.00. First support is seen at $1,850.00 and then at the overnight low of $1,842.00. ...
The silver bulls have the solid overall near-term technical advantage. A choppy, four-month-old uptrend is in place on the daily bar chart. Silver bulls' next upside price objective is closing March futures prices above solid technical resistance at $25.00. The next downside price objective for the bears is closing prices below solid support at $23.00. First resistance is seen at this week’s high of $24.775 and then at $25.00. Next support is seen at this week’s low of $24.095 and then at $24.00. ...
They meant to say "We don't want any competition and we'll fight it tooth n nail to keep control..."
Gapped up twice so just figured I would take the profit and wait and see if those gaps get filled. I expect some profit taking at some point soon and that should be a good point for a re entry. Or, the gaps never fill and this just runs. LOL.
I admit this scenario is a little far fetched and we'd actually start having some lack of liquidity issues buying great quantities of small cap stocks.
I did not start running it at the beginning of 2020 but sometime in 2020. Also, I had a coding error for most of 2020 where I was not running the exact algorithm correctly. I still did OK, about 24% in 2020. However, if coded correctly and running from 1/1/2020 the WTT system would have racked up about 75%.
If I were to find myself in the position where volume was an issue, I would consider running the same system but against different universes of stocks, like S&P 500 Large Caps, Mid Caps, Small Caps, etc. Run the same system separately for different universes. Like I should have such a problem.Yes... scale brings its own issues. Small traders often over look that concept. IMO it is a part of the challenge that gold and silver have relative to the trillions floating around the system.
Amibroker out of Australia. This is the same system that Nick Radge uses. He likes it because one can perform whole portfolio backtesting. I read his WTT booklet and interpreted it and coded it. As stated I had a flaw at first, but did discover it and fix it.What platform are you using?
Like I should have such a problem.
Amibroker out of Australia. This is the same system that Nick Radge uses. He likes it because one can perform whole portfolio backtesting. I read his WTT booklet and interpreted it and coded it. As stated I had a flaw at first, but did discover it and fix it.
The US and the War Machine is responsible. Nothing wrong with blowing up a pipeline or two then selling your supposed allies nat gas at thrice the price. Leaders of Europe need to burn in Hell along with those responsible here and there.How so? Who is responsible? What remedy do you propose?
The US and the War Machine is responsible. Nothing wrong with blowing up a pipeline or two then selling your supposed allies nat gas at thrice the price. Leaders of Europe need to burn in Hell along with those responsible here and there.
China, the world’s second-largest economy behind the U.S., is set to reopen in just a few days and one major Wall Street firm has boiled down the likely impact on financial markets.
“.... China/EM [emerging-market] equities, copper, and commodity-linked FX still broadly appear to be the biggest beneficiaries,” they wrote. “The shifting correlation patterns from a response to China reopening—potentially higher DM [developed-market] yields alongside a weaker USD [U.S. dollar], potential for a stronger JPY [yen] alongside stronger Japanese equities—offer ways of exploring additional leverage.”
Gold began to show signs of a bullish pattern in the fourth quarter of 2022 on expectations of a pivot by the Federal Reserve.
The next target that gold needs to breach is around $1,896.50, which is the 61.8% retracement of the losses since last March's peak near $2,070, Bannockburn Global Forex managing director Marc Chandler told Kitco News.
"I am not convinced it makes it up there as momentum indicators are getting stretched, and I think the risk is greater than the around 1-in-3 chance that the Fed funds futures are pricing in of a 50 bp hike at the FOMC meeting that concludes on Feb 1," Chandler stated. "That said, as long as the yellow metal holds above the $1,825-$1,830 area, the upside looks favored."
After Friday's data, markets started to price in a 74.2% chance of a 25-basis-point rate hike in February, according to the CME's FedWatch Tool.
Gold has been anticipating and pricing in a slowdown in rate hikes by the Fed, but the ETF investors still need some convincing before the rally can really kick off, said Commerzbank analyst Barbara Lambrecht.
"Its upswing is presumably due primarily to more optimism among speculative financial investors, who are generally more fickle," Lambrecht wrote Friday. "However, any lasting recovery of prices on the gold market will require, above all, a shift in sentiment among ETF investors, who are still exercising caution. They appear to be waiting for the U.S. rate hike cycle to come to an end. In the short term, we envisage, if anything, a risk of setbacks on the gold market."
Ok but instead of funding a war machine when a country is not at any risk of being invaded how about we help out people instead. You need money to fend off cyber attacks fine but when you start wasting money on equipment that for the most part doesn't even work I would say it is more important someone's pockets get lined than doing the right thing. Now we have socialism in this country for the rich.When did any of that happen in 2020 or 2021? Nordstream explosion was September 2022. Russia invaded Ukraine in February 2022. The graphic posted was for 2021.
There are always going to be poor folks living below the poverty line and unable to afford things. Are you folks thinking governments are responsible to ensure no one going without electricity? That's a very socialistic/communistic sentiment for a community that loves to use "communists" as an epithet.
How so? Who is responsible? What remedy do you propose?
Are you folks thinking governments are responsible to ensure no one going without electricity?
Even in the relatively prosperous EU, “energy poverty” is widespread. Around 35 million people, or 8% of the EU population, were unable to keep their homes adequately warm in 2020, according to Eurostat. 20 Dec 2022