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Why Innovation Can Make a Difference in Your Life

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Why Innovation Can Make a Difference in Your Life


Everyone have this talent, but they are under the impression that they do not. What is the power of innovation? Believe it or not, if you have ever been impressed by the creative abilities of another person, you are also capable of creating and innovating. We simply need more time. Every person is creative from birth. The boxes of crayons in kindergarten were not restricted to only those students who had promise; the fact of the matter is that everyone has the ability to be successful.

You are aware of how much time it took you to learn how to ride a bike or drive, or how long it took you to never make the same mistake again? In the same vein, innovation is the same. When this mental function is called upon, it takes a significant amount of time and a little bit of experience before it comes naturally to mind. You will learn a few pointers in this post that will educate you how to incorporate innovation into your life.

Never pay attention to what other people have to say. Be sure to move in the rhythm of your own drum. Including the contributions of other individuals can only result in the creation of a cacophony in the music that you are attempting to create. In the event that you have a novel concept, you should not squander your time and energy attempting to explain it to other people. No, they won't. In addition, the assistance that you will most likely receive will be in the form of negative feedback. There is a good chance that we would still be living in the middle ages if all of those brilliant people listened to their contemporaries.

Invest some time in it. Despite the fact that I cannot stress this point enough, I would like to caution you not to take my advice to mean that you should completely abandon your day job. It is not. There is some tough time management involved here, but if you have a little bit of discipline, you will be able to fit both of these things in.

Work out. Get out and walk. Try to run a mile or two. Release all of those endorphins that are currently flowing through your veins. Exercising unquestionably helps to clear and relax your mind, which in turn makes it easier for anything to come to mind.

Make a note of your dreams. Isn't it true that some of them are the most bizarre things that your conscious mind would never have dreamed of? In the event that you have experienced these dreams in the past, which I am certain you have, this merely demonstrates the latent source of inventiveness that lies within you. Write down those notes, will we? It is possible that those dreams will set off a creative spark within you.

Create your own unique look. There is no way to differentiate between a Van Gogh and a Matisse. Because of the selection of words on the paper, you will be able to tell that Hemingway wrote something. Therefore, the situation is the same with you. Because it is entirely original to you and because no one else would have thought of what you were thinking, people would appreciate your innovation more than they would have otherwise. People will be able to realize how great an asset you are as a result of this.

Don't try to conceal yourself behind cool equipment or devices. It is not necessary to purchase the most expensive range of paints in order to create a masterpiece. The same process applies to writing. For a bestseller, you do not want a fountain pen that is extremely expensive or paper that is exceptionally smooth. In point of fact, J.K. Rowling penned the first book in the Harry Potter series on pieces of tissue paper. What difference does it make if you have a high-priced SLR camera if you are also a terrible photographer? What difference does it make whether you have a glitzy laptop if you are unable to write the least bit? As the artist becomes more skilled at his profession, he is able to limit the amount of tools he possesses because he is aware of what makes him successful and what does not.

Nothing will be successful if passion is lacking. What is it that gets you startled in the morning? What causes the flame to continue to burn? What is the one thing that in the event that you do not perform, you will perish? In some cases, those who possess talent are surpassed by those who have a greater desire to possess it. The hare and the tortoise are a good example. There was a time when Ellen Degeneres made the statement that if you are not doing something that you want to do, then you are not truly interested in doing it. That is accurate, as well. At times, you simply want something so badly that you become virtually unstoppable in your pursuit of it. It is the essence of passion. Driven by passion, you will persevere.

No need to be concerned about inspiration. There is no way to force inspiration; it comes to you when you least expect it to, and in order to be ready for those moments that are unpredictable yet unavoidable, you need prepare. A concept might occur to you while you are riding the subway, but unfortunately, you do not have a piece of paper with which to jot down a notion that has the potential to alter the course of history of the entire planet. Stay away from these catastrophes. Always make sure that you have a pen and paper within easy reach of your armchair.

I have high hopes that this post has assisted you in incorporating more novelty into your life. Remember that you are doing these things for your personal satisfaction and not for the satisfaction of anyone else except yourself. Soon enough, however, they will become aware of it, and from that point on, everything should avalanche.

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Tim Moseley

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Gold market sees new record closing price but the major test is next week

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Gold market sees new record closing price, but the major test is next week

With gold prices pushing to within striking distance of $2,100 an ounce, seeing a new record settlement Friday, the market is setting itself up for a major week ahead, one filled with significant macroeconomic risks.

April gold futures settled Friday at $2,095.70 an ounce, a record close for the precious metal and up more than 2% from last week. The rally started Thursday as prices pushed above initial resistance above $2,050 an ounce after the Federal Reserve’s preferred inflation gauge showed a benign rise in consumer prices.

The gold market is seeing its best weekly gains since November

Meanwhile, silver managed to end the week with a 1% gain, with prices back above $23 an ounce. Although silver continues to underperform gold, some analysts have said it remains an attractive value play in a bull market.

Despite a slow start, disappointing economic data on Friday created some weakness in the U.S. dollar, giving gold and silver room to move quickly to the upside.

“Thursday's and Friday's gains reaffirm gold's ability to rise above its 50-day moving average, which it failed to do a month ago,” said Alex Kuptsikevich, senior market analyst at FxPro.

While gold has managed to break above resistance at $2,050, Kuptsikevich added that the next major resistance level to watch is $2,088. At the same time, the market can see significant upside if the momentum lasts.

“There is an even longer-term scenario. The pullback from the beginning of the year to mid-February is a classic Fibonacci retracement of 61.8% of the first growth impulse from the October lows. The realization of this scenario will be the advance to $2255,” he said.

However, not all analysts are convinced that gold is headed higher, even as it ends the week with significant momentum. In a note Thursday, Nicky Shiels, head of metals strategy at MKS PAMP, noted that gold’s outside move could be the result of its months-long consolidation. She said that momentum can push gold prices higher, but the fundamental picture remains the same, for now.

“With positioning in gold and silver running neutral & short, respectively, technically compressed price action and overall sentiment in precious metals burnt out, it really was a recipe for unexplained outsized moves. Was the PCE a game-changer? No, and not enough data to declare disinflation is about to end, and the Fed may just never cut,” she said in her note. “Can technical rallies extend? Sure. But this is not a catalyst to rope in fresh investor interest, and physical alone doesn’t chase, so it’ll come down to paper shorts and cues provided by macro. Overall, Gold remains bid-to-higher.”

Market analysts at CPM Group are also not optimistic that the gold market can hold Friday’s gains as it is caught in a well-defined trading pattern.

“Gold prices have sold off most every time they have tested resistance levels, and as prices test strong support levels, investors step back into the market, initiating new longs once more. This has kept gold prices in a wide range, mostly above $2,000,” the analysts said in a note late Friday.

“Gold prices are now testing $2,100, having firmly broken above $2,050 yesterday. The market appears to be looking for reasons to go long gold, and taking profits as technical resistance levels are tested,” the analysts added. “It is unclear if prices will continue to climb in the near term, but they already have made strong gains, suggesting the potential for a short-term pullback on profit taking. A retrenchment in prices could push gold back toward $2,075, which could potentially present a buying opportunity should the upward momentum continue.”

Some analysts have noted that gold could face a significant test next week with the release of February’s nonfarm payrolls report. At the same time, markets will be anxious to hear what Federal Reserve Chair Jerome Powell will say in his two days of testimony before Congress.

Adam Button, chief currency strategist at Forexlive.com, said that he will probably be paying more attention to labor market data next week as that could have more impact on the U.S. dollar.

He said weak labor market data could impact the U.S. dollar more than Powell’s comments.

“We basically know what Powell is going to say: interest rates will be coming down, but not anytime soon,” he said. “He will probably also say that the Federal Reserve will continue to monitor incoming data. Weak job growth could sustain gold’s rally.”

It’s not just U.S. economic data that could impact the U.S. dollar. The European Central Bank will meet to decide its monetary policy next week and a hawkish stance could support the euro in the near term.

Commodity analysts at Brown Brothers Harriman said they expect the ECB to strike a cautious tone next week as Europe’s latest inflation data came in hotter than expected.

Economic data to watch next week:

Tuesday: ISM services PMI

Wednesday: ADP employment data, Bank of Canada monetary policy decision, Powell’s testimony before the House Financial Services Committee, JOLTS job openings

Thursday; European Central Bank monetary policy meeting, weekly jobless claims; Powell’s testimony before Senate Banking Committee

Friday: Nonfarm payrolls report
 

Kitco Media

Neils Christensen

Time to Buy Gold and Silver

Tim Moseley

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Solana On A Roll: Crypto Analyst Predicts Push To 600

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Solana On A Roll: Crypto Analyst Predicts Push To $600

February 29, 2024 – 16:00 EST

Like almost every other crypto token in the market, Solana (SOL) is enjoying a rally of its own, rising to nearly $125 in the last 24 hours. Interestingly, this looks like only the beginning of good things to come for the crypto token, as crypto analyst Hansolar predicts that it could run massively in this bull cycle.

SOL To Rise To $600

Hansolar mentioned in an X (formerly Twitter) post that SOL will rise to $600. This “fun” target was laid on the premise that SOL could be the new ETH this cycle. Assuming this is the case, the analyst expects SOL to take off later than BTC and ETH. This is because ETH took off when BTC broke into all-time highs (ATHs) during the last bull run.

Therefore, SOL, following a similar trajectory to ETH in the last cycle, might not take off until BTC and ETH break into ATHs. Hansolar suggested that SOL’s takeoff will be sparked by retail, stating that there will be a time when these investors buy into the crypto token “as the high beta catch-up play.”

Hansolar also offered more evidence to suggest that SOL is likely to replicate ETH’s run in the last bull cycle. He stated that the crypto token was currently at around 50% from its ATH, similar to how ETH was around the 50% mark as BTC was nearing its ATH in the last cycle. Meanwhile, Hansolar offered “fun” targets for Bitcoin and Ethereum, stating they will hit $150,000 and $10,000 in this bull cycle.

Interestingly, Hansolar’s $600 price prediction for Solana looks very conservative compared to Crypto YouTuber Jake Gagain’s prediction that SOL will hit $750. The analyst stated that the crypto token will hit this price level by next year.

Between Solana And Ethereum

Crypto analyst Santiago Santos once echoed similar sentiments to Hansolar when he drew a comparison between Solana and Ethereum, noting that the former is going through what the latter did during the ICO boom. He, however, suggested that Solana would perform way better than Ethereum, as it is seeing “meaningful usage and growth,” unlike Ethereum then.

Santos further asserted that Solana would “converge on Ethereum faster than most believe.” Solana, commonly referred to as the “Ethereum Killer,” has indeed been on the heels of Ethereum as of late. Solana even once surpassed Ethereum in 7-day DEX (decentralized exchange) volume.

The tremendous rise in Solana’s network activity is believed to be one of the factors driving SOL’s price and what could push it to hit the $600 mark and possibly $750, like Gagain predicted.

At the time of writing, SOL is trading at around $124, up over 13% in the last 24 hours, according to data from CoinMarketCap.

The original article was posted on Tradingview.com/News.

Article reposted on Markethive by Jeffrey Sloe

** Loans, secure funding for business projects in the USA and around the world. Learn more about USA & International Financing at Commercial Funding International. **

Tim Moseley

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Gold futures bullish sentiment result in the largest daily gain since October 2023

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Gold futures bullish sentiment result in the largest daily gain since October 2023

Gold futures bullish sentiment result in the largest daily gain since October 2023 teaser image

Exceptional, phenomenal, amazing, surprising, astounding, and almost beyond belief are only a few of the many words that can be used to describe today’s exceedingly strong upside breakout in gold futures. Gold opened today at $2052.82 and by the close of Globex at 5:00 PM ET gold futures are up $41. At the close, the most active April gold futures contract is trading at $2095.70, a 2% daily gain.

Now that gold futures have concluded for the week and the first trading day of March, the only regular break to gold’s 24-hour trading day (excluding holidays) market participants, investors, and traders are all beginning to have a more comprehensive understanding and explanation as to why gold moved 2% in a single day. The difficulty here is that there was no unexpected fundamental report or event that led to such a tremendous price gain in a single day.

There was no single news event, expected data report, or even a black swan event (an unpredictable or unforeseen event, typically one with extreme consequences) that could simply answer this question. What we do know is this large of a move does not occur frequently.

Today’s gains were the largest daily gain since Friday, October 13. On that day gold futures opened at $1921.70 and closed at $1983.80 and gained approximately $62 in a single day.

So what we must assume is there is a high probability that today’s spike was caused by events that occurred recently that are just beginning to get digested and interpreted in a new light or different way. The one big similarity to last week’s trading range is that Friday’s gain contained the vast majority of the weekly gain. On a weekly basis, gold gained $46.30 which is a 2.26% gain on the week, of which 2% of that gain occurred today. Last week gold gained $25.30 which is a 1.25% gain on the week, of which $18.70 or 92.1% of the gain occurred last Friday, February 23.

However, that fact delivers very little insight if any at all as to why gold had the single largest daily gain in the last five months.

The chart above is a five-minute Japanese candlestick chart of April gold futures. The first blue arrow on the left marks the beginning of the trading day with gold opening at $2052.82. Approximately 3 ½ hours later gold would trade to its low of approximately $2047 and begin the first leg of two rallies that would take gold dramatically higher. Gold would trade from $2047 up to $2066 in just over two hours before trading to another low of $2051, which was above the daily low and was a precursor to the dramatic second leg of the rally which took gold from $2051 to its high above $2096 before trading sideways are consolidating and currently at $2091.60 its settlement price for the week.

The next chart we want to look at is a five-minute candlestick chart of the dollar index which traded to a high today of 104.324, a low of 103.859, and settled down 0.24% at 103.904. The dollar traded with some volatility today, compared to what was witnessed in gold futures.

The chart above is a daily candlestick chart of gold which shows the incredibly large and dynamic price spike in one single candlestick which more than anything else clearly illustrates the importance and magnitude of today’s single move. All we can say is that most likely it was a combination of many events in which market sentiment shifted. The first and most obvious one to look at would be a renewed belief that the Federal Reserve will cut rates sooner than expected.

This could stem from the latest inflation report coming in close to the anticipated target. But luckily we have the weekend to aggressively analyze and dissect today’s rally so that on Monday we can bring you a more concise attempted understanding of today’s move.

Kitco Media

Gary Wagner

Time to Buy Gold and Silver

Tim Moseley

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Fidelity Exec Details How Bitcoin Will Capture a Quarter of Gold’s Monetary Marke

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Fidelity Exec Details How Bitcoin Will Capture a Quarter of Gold's Monetary Market

By Olivia Brooke – March 1, 2024

According to Jurrien Timmer, the Director of Global Macro at Fidelity, a leading digital asset investment firm, Bitcoin can tap into the monetary market of gold. In a series of posts shared to X, formerly Twitter, the Fidelity's executive detailed his thoughts on Bitcoin's potential market share vs gold.

Sharing a recent chart depicting the value of monetary gold, share of gold held by central banks and private investors as a monetary asset (as opposed to jewellery or industrial uses).

Estimating that the share of monetary gold is around 40% of total above-ground gold, the Fidelity executive is convinced that Bitcoin will “eventually capture around a quarter of the monetary gold market.” He added, “At 40%, monetary gold is currently worth around $6 trillion, while Bitcoin is worth $1 trillion.”

Historically, Bitcoin's market position has been consistently compared to that of gold. Institutional players have previously branded Bitcoin as digital gold.

Interestingly, Bitcoin has outperformed gold on previous occasions. Last year, Bitcoin recorded a 50% spike in value, beating the broader stock market, including gold trading 47% below Bitcoin's value.

In 2023, Bitcoin outperformed Gold by 10x, and this bullish performance is setting the tone for 2024, with market experts being largely positive.

Jurrien Timmer: Future Bitcoin halving will not have a strong impact on the asset's price

Regarding the next Bitcoin halving, Timmer shared another chart that illustrates what he expects to be diminishing returns from future halving.

While the Bitcoin halving in 2012 resulted in a decrease in supply from 2.7 million to 1.3 million, and the Bitcoin halving in 2016 took supply from 1.3 million to 656 thousand, Timmer is certain that the upcoming halving will not have as much impact on price as previous halvings did, particularly when incremental supply goes from 160 coins to 80 to 40.

As he further explained;

“In 2012 Bitcoin's outstanding supply was 50% of its eventual supply, in 2016 it was 75%, and in 2070 it will be 99.9977%. It's easy to imagine the power of a halving in 2016. It seems unlikely to me that future halvings will be as impactful when there are fewer coins to mine.

DISCLAIMER

The views expressed in the article are wholly those of the author and do not represent those of, nor should they be attributed to, ZyCrypto. This article is not meant to give financial advice. Please carry out your own research before investing in any of the various cryptocurrencies available.

The original article written by Olivia Brooke and posted on ZyCrypto.com.

Article reposted on Markethive by Jeffrey Sloe

** Loans, secure funding for business projects in the USA and around the world. Learn more about USA & International Financing at Commercial Funding International. **

Tim Moseley

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Making an ezine is a great way to share your interest information or creativity with the world

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Making an ezine is a great way to share your interest, information, or creativity with the world

Publishing an ezine

An ezine is an electronic magazine that is published online and distributed to your audience via email, social media, or your website. Unlike a print magazine, an ezine allows you to reach a global audience, save on printing and distribution costs, and update your content anytime.

PUBLISHING AN EZINE CAN HAVE MANY BENEFITS FOR YOUR BUSINESS, SUCH AS:

  • Building trust and credibility with your audience by providing valuable and relevant content.
  • Increasing your brand awareness and visibility by reaching a wider and more targeted audience.
  • Generating more traffic and leads to your website by including links and calls to action in your ezine.
  • Establishing yourself as an authority and expert in your field by sharing your knowledge and insights.
  • Creating a loyal and engaged community of subscribers who can become your advocates and customers.

TO PUBLISH AN EZINE, YOU WILL NEED TO FOLLOW SOME STEPS, SUCH AS:

  • Define your ezine goals: What do you want to achieve with your ezine? Do you want to inform, educate, entertain, or persuade your audience? Do you want to increase your sales, donations, or subscriptions? Your goals should be specific, measurable, achievable, relevant, and time-bound (SMART).
  • Identify your ezine audience: Who are your ideal readers? What are their demographics, psychographics, needs, pain points, and preferences? You can use tools like surveys, interviews, focus groups, or online analytics to gather data and create reader personas for your audience segments.
  • Choose your ezine format: How do you want to present your ezine? What are the best platforms or media to deliver your message? You can use online tools, such as Visme or Banners.com, to create your own web banners, or hire a freelance web banner designer from online platforms, such as Fiverr, [Upwork], or [99designs]. You can also use email marketing software, such as [Constant Contact], [AWeber], or [iContact], to create and send your ezine as an email newsletter. You should consider the cost, reach, and effectiveness of each format for your goals and audience.
  • Craft your ezine content: What do you want to say to your audience? How do you want to position your business, product, or service in their minds? You should use clear, compelling, and consistent language that highlights your unique value proposition, benefits, and call to action. You should also use creative elements, such as images, videos, or animations, to capture attention and evoke emotions. You should also follow the best practices of writing for the web, such as using short sentences and paragraphs, headings and subheadings, bullet points and lists, and keywords and links.

TEST AND OPTIMIZE YOUR EZINE:

  • Test and optimize your ezine: How do you know if your ezine is working? How can you improve your results and maximize your return on investment (ROI)? You should use tools like A/B testing, analytics, or feedback to measure and monitor your ezine performance. You should also track key metrics, such as open rate, click-through rate, conversion rate, bounce rate, or unsubscribe rate, and compare them to your goals and benchmarks. You should then analyze the data and make adjustments to your ezine as needed.

These are some of the steps you can follow to create and publish an ezine. For more tips and examples, you can check out these resources: What Are Ezines and Do I Need to Publish One?, What’s an E-zine and How You Can Use It in Digital Marketing, What are E-zines and How To Publish One?, and How to Make Sales Without Facebook Ads. I hope this helps. 😊

Tim Moseley

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The Fed to intervene in a collapse scenario what it means for the stock market recession calls

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The Fed to intervene in a collapse scenario, what it means for the stock market & recession calls – Alex Krüger

Those calling for a recession and a market collapse are wrong because the Federal Reserve wants to intervene before that happens, according to Alex Krüger, Economist and Partner at Asgard Markets.

The 'Fed put' is back, Krüger told Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News. The term ‘Fed put,’ a play on the option term ‘put,’ is the market belief that the Fed would step in and implement policies to limit the stock market's decline beyond a certain level.

"The 'Fed put' was removed from the market in early 2022 when they made it clear that their focus is now on inflation, sending stocks crashing," Krüger said. "Things changed in December when the Fed stated that the risks are balanced to both the upside and downside, and they are focused on jobs just as much as they are on interest rates."

That means that the Fed will intervene if things start to collapse. This was already seen in 2023 during the failures of regional banks, including Silicon Valley Bank, Signature Bank, and First Republic Bank.

In response to the banking crisis, the Fed quickly introduced the Bank Term Funding Program (BTFP) in March 2023, an emergency lending program that allows banks to take on loans of up to one year to boost liquidity.

During last year's banking crisis, there was one surprising asset winner. For insights, watch the video above. The same asset can again benefit if the Fed intervenes to prop up the economy.

Because of the 'Fed put,' the most likely outcome is a soft landing, Krüger pointed out, advising to ignore the noise and focus on the bigger picture when trading.

"A very large percentage of market participants are focused on how expensive things are, how AI is a bubble, how the yield curve inversion has to lead to a major recession and a major crash. My response is that it's noise. And the bigger picture is that we should be focusing on interest rates going down, inflation going down, and liquidity going up," he said.

For insights on how much more upside there is in the stock market, watch the video above.

However, there are several scenarios that could derail this outlook. "First of all, black swans … armed conflict in the Korean peninsula or China-Taiwan, or conflict escalating between Russia and Ukraine," Krüger said.

Another scenario that could derail the soft landing outlook is an acceleration in inflation. "The outlook should change because the Fed's outlook will change if it happens," he noted.

Take on crypto: Bitcoin, Ethereum, Solana, Worldcoin

In the crypto space, Krüger pays close attention to Bitcoin, Ethereum, and Solana. To get his top crypto picks for 2024, watch the video above.

The new spot Bitcoin ETFs are attracting new types of investors, pushing prices towards new all-time highs.

BlackRock's spot bitcoin exchange-traded fund IBIT alone saw $1.357 billion in trading volume Tuesday, breaking Monday's record of $1.3 billion, according to Bloomberg Intelligence ETF analyst Eric Balchunas.

Krüger views the introduction of spot Bitcoin ETFs as a way towards mainstream adoption that will eventually include central banks holding Bitcoin alongside gold as a reserve asset.

"At the moment, Bitcoin is an extremely volatile asset that doesn't belong in the reserves of a central bank, but eventually, that volatility will disappear," he said. "We will see new market participants in the Bitcoin options market. Eventually, central banks will adopt Bitcoin as a reserve asset."

 

To get insights on how that would impact Bitcoin prices and which central banks will likely push the needle the most, watch the video above.

 

The next big driver for crypto investors is a potential approval of a spot Ethereum ETF. On timing and chances of that happening this year, watch the video above.

 

To get Krüger updated price forecasts for Bitcoin, Ethereum, Solana, Worldcoin, and his other top crypto picks, watch the video above.

Kitco Media

Anna Golubova

Anna Golubova is the Producer for Kitco News. With more than ten years of experience in media, she has covered a range of topics, focusing on economy and politics. Anna began to exclusively cover economic news in 2013, attending media lockups at the Bank of Canada and Statistics Canada to report on a range of key macro economic events, including interest rate announcements, GDP, unemployment, and retail. She holds a Master of Arts in International Relations from NPSIA, Carleton and a Bachelor's degree in Political Science and History from the University of Ottawa.

Kitco Media

Michelle Makori

Time to Buy Gold and Silver

Tim Moseley

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Bitcoin Keeps Pushing Higher With 69K in Sight: Still Time to Join the Rally?

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Bitcoin Keeps Pushing Higher With $69K in Sight: Still Time to Join the Rally?

By Investing.com (David Wagner) Cryptocurrency | Feb 29, 2024 06:42AM ET

  • Bitcoin continued rallying and reached its highest level since November 2021.
  • Significant inflows into Bitcoin spot ETFs have set volume records and aided the rally.
  • Beyond ETF success, Bitcoin's upward momentum is linked to the upcoming halving in April and favorable economic data.
  • In 2024, invest like the big funds from the comfort of your home with our AI-powered ProPicks stock selection tool. Learn more here>>

Bitcoin surged for the third consecutive day, approaching the $64,000 mark in early market trading today, marking its highest level since November 2021 as bulls continue their march toward all-time highs near $68,900.

This recent surge can be attributed to familiar bullish factors that have supported the prices in previous weeks, including substantial inflows into Bitcoin ETF spot funds.

BlackRock's iShares Bitcoin Trust (NASDAQ:IBIT) set a volume record for the third consecutive day, with shares worth around $3.3 billion changing hands in a single day.

This is over twice the previous record of $1.35 billion set on Tuesday, which itself surpassed the Monday record of $1.3 billion.

Ten BTC spot ETF funds recorded a total trading volume of $7.7 billion, surpassing the previous record of $4.7 billion set on January 11, the first day of trading.

Eric Balchunas, an ETF fund specialist at Bloomberg, described these numbers as "absurd" and labeled them "madness" in a post on X.

Source: Eric Balchunas

Will the Fund Inflow Continue to Soar, Pushing Bitcoin Higher?

It appears that this success will likely grow even further as Wall Street giant Morgan Stanley also plans to add Bitcoin ETF products to its brokerage platform.

While billions of dollars have already been invested in these products, their availability through major registered investment advisor (RIA) networks and broker-dealer platforms, such as those associated with Merrill Lynch, Morgan Stanley, Wells Fargo, and others, may further amplify this success.

Halving to Fuel Bullish Sentiment as Well

Bitcoin's price rally and the success of BTC ETF funds are also linked to the anticipation of the upcoming halving in April. This event, which occurs approximately every four years and involves a 50% reduction in mining revenues, has historically had a strong impact on Bitcoin, both in anticipation and aftermath.

In addition to ETFs and halving, it's worth noting that Bitcoin benefited from slightly lower-than-expected U.S. GDP yesterday, which revived expectations for a Federal Reserve interest rate cut. In this context, Thursday's expected PCE price index may have an even greater impact on these expectations.

Key Levels to Monitor for Dip-Buying

Finally, from a chart perspective, the initial crucial support for Bitcoin is the $60,000 threshold, but a correction could go much lower without questioning the bullish sentiment, given the recent surge. Therefore, any BTC declines can be considered buying opportunities, as long as the cryptocurrency does not drop below $55,000.

The original article written by Investing.com (David Wagner) and posted on Investing.com.

Article reposted on Markethive by Jeffrey Sloe

** Loans, secure funding for business projects in the USA and around the world. Learn more about USA & International Financing at Commercial Funding International. **

Tim Moseley

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Tips for Getting Things Done in Life

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Tips for Getting Things Done in Life

The desire to succeed is universal. Don't get me wrong—some people are quite competitive. Yes, some people prefer not to compete. A victory is a win for everyone. We are all striving for success.
At what point did you feel the happiness that accompanies this? Did it happen when you got into the college of your dreams? When did you anticipate to receive the job offer? For example, when your football club triumphed to victory? At some point in our lives, we have all tasted victory, and it is an incredible sensation.
 

What gives rise to this desire to succeed? Dopamine, a neurochemical that stimulates pleasure, is thought to be the culprit, according to scientists.
Bragging privileges are yours to keep when you outperform a friend in a game or ace a test.
When you succeed, your body responds by making you feel fantastic.
 

ecosystem for entrepreneurs

Are there any additional advantages to coming out on top?
 

We gain self-assurance when we win. It will be much easier to win in future such circumstances with this increase. The forces of nature appear to be on our side as we strive for greatness.
This longing is natural to us, yet satisfying it can be challenging at times. Reason being, some obstacles are just plain harder to conquer than others.
Figuring out how to be successful is one of life's greatest obstacles.
 

To rephrase, the secret to success in life.

Unfortunately, there is no silver bullet that will work every time to solve this problem. Reason being, it's not complicated. Reason being, everyone has their own idea of what constitutes success.
However, there are broad guidelines that can be utilized by everyone to accomplish this.
Win in life by practicing these fundamental strategies:
 

Get your objectives straight. Without knowing the exact location of the finish line, a runner has little chance of winning a race. Similarly, you could have a hard time finding success if you don't first define it. For that reason, you should have an objective.
 

You will have a clear idea of your destination and the steps to get there. We are operating with purpose when we strive to achieve our aims. It will be a victory for us when we attain those goals.
Develop winning routines. Natural habits are a powerful tool for long-term success. By automating them, they make certain actions easy to repeat.
It won't take much effort to do the action once you make it a habit. Some of the various habits that can help us succeed in life are:
Achieving your goals will become easier once you establish habits that support them.

 

 

 

To achieve success in life and crush your ambitions, adopt these habits.
 

Being methodical, planning, prioritizing, and arranging things like your schedule well are all aspects of good organization.
Taking care of one's health and oneself is an important part of personal care.
Being frugal does not mean being stingy. It's about being frugal when it comes to money and resources and spending wisely when the situation demands it.
 

Be brave and try things out. You can't avoid making mistakes if you want to achieve success.
When you mess up, try to figure out where you went wrong. Specifically, what were the takeaways? Going forward, how will you alter your approach? To succeed in life, we need to make errors but also learn from them.
We must first acknowledge our errors before we can grow from them.
 

Being accountable for our deeds is crucial. Successful people don't dwell on problems; they work to resolve them. Acknowledging and embracing our mistakes helps us achieve success in life.
Be open to gaining new knowledge on a daily basis. You should always strive to learn more and more as you go through life. So many benefits accrue from this. For instance, it lessens the likelihood of developing dementia and keeps your thinking sharp.
 

Not only that, it keeps you informed about current events and gives you interesting topics to talk about with strangers. In addition to all of this, learning about topics that interest you will be a blast.
Knowledge is power, so the old adage goes, and acquiring more knowledge is the surest way to take charge of your life.
Power is a key to success in many aspects of life.
 

You are no stranger to victory. In many parts of your life, you have already accomplished this. You will now keep working to implement the principles that have been discussed. Looking back, you will see a life well-won as much as a life well-lived.
 

Tim Moseley

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Gold silver slightly down as next US inflation data point awaited

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Gold, silver slightly down as next U.S. inflation data point awaited

Gold and silver prices are modestly down near midday Wednesday. A firmer U.S. dollar index today is a negative “outside market” force working against the precious metals market bulls. Also, the near-term technical postures for gold and silver are still leaning bearish, which is inviting some of the chart-based traders to the sell sides. April gold was last down $3.10 at $2,041.00. March silver was last down $0.182 at $22.35.

U.S. stock index futures are weaker near midday. Bitcoin prices have soared this week and are presently trading above $61,000. Barron’s today reported bitcoin’s rise is due to better risk appetite in the marketplace, the big rally in the technology heavy Nasdaq stock index, and notions the Federal Reserve will lower U.S. interest rates later this year.

Today’s revision of fourth-quarter 2023 U.S. gross domestic product readings showed GDP up 3.2%, year-on-year, versus the initial reading of up 3.3%. The 4Q personal consumption expenditures) PCE price index was up 1.8%, year-on-year, versus up 1.7% in the advance report. The core PCE price index was up 2.1% in 4Q, compared to the advance reading of up 2.0%. Today’s GDP data was not a big markets-mover, as the numbers did not stray far from market expectations.

The bigger U.S. data point of the week is likely going to be Thursday morning’s personal income and outlays report for January, which also includes the PCE inflation indexes. The PCE price index in January is seen up 2.6%, year-on-year, while the core PCE price index is seen up 2.9% in the same period. Those forecasts are just slightly higher than the readings seen in the December report. It’s been said the Federal Reserve officials pay extra close attention to the inflation data in the personal income and outlays report.

Recent U.S. inflation numbers have come in a bit warmer than expected. Not hot, but still warm enough to likely have swayed the Federal Reserve into reckoning it will wait until the second half of 2024 to consider lowering interest rates.

The market to watch Thursday morning following the personal income and outlays report will be the U.S. Treasury futures markets. Immediately after the data is released at 8:30 a.m. EST, the Treasury bond and note futures markets’ price action will indicate what the marketplace thinks about the latest U.S. inflation data. Remember that Treasury futures prices move in the opposite direction of the more closely followed yields. U.S. T-Bond and T-Note prices have been trending down the past four weeks. That suggests Treasury traders suspect U.S. inflation data will continue to come in too warm to allow the Federal Reserve to lower interest rates this spring. So watch the U.S. Treasury bond and note futures markets

Wednesday morning. You can bet other market traders will have one eye on the bond markets right after the report. Remember the old market adage: “Bond traders are the smartest guys in the room.”

The key outside markets today see the U.S. dollar index higher. Nymex crude oil prices are near steady and trading around $79.00 a barrel. The yield on the benchmark 10-year U.S. Treasury note is presently fetching around 4.28%.

Technically, April gold futures bears have the slight overall near-term technical advantage. Prices are in a three-month-old downtrend on the daily bar chart. Bulls’ next upside price objective is to produce a close above solid resistance at the February high of $2,083.20. Bears' next near-term downside price objective is pushing futures prices below solid technical support at $2,000.00. First resistance is seen at last week’s high of $2,053.20 and then at $2,061.00. First support is seen at today’s low of $2,033.40 and then at $2,025.00. Wyckoff's Market Rating: 4.5.

March silver futures bears have the overall near-term technical advantage. Silver bulls' next upside price objective is closing prices above solid technical resistance at the February high of $23.56. The next downside price objective for the bears is closing prices below solid support at the February low of $21.975. First resistance is seen at Tuesday’s high of $22.71 and then at $23.00. Next support is seen at today’s low of $22.245 and then at $22.00. Wyckoff's Market Rating: 3.0.

March N.Y. copper closed down 155 points at 381.25 cents today. Prices closed nearer the session low today. The copper bulls have the slight overall near-term technical advantage. Copper bulls' next upside price objective is pushing and closing prices above solid technical resistance at the January high of 394.70 cents. The next downside price objective for the bears is closing prices below solid technical support at the February low of 365.50 cents. First resistance is seen at this week’s high of 387.15 cents and then at last week’s high of 390.85 cents. First support is seen at 380.00 cents and then at 375.00 cents. Wyckoff's Market Rating: 5.0.

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Jim Wyckoff

Time to Buy Gold and Silver

Tim Moseley

The Artist that came out of the Winter