The Markethive HVC Token Poised for Crypto Market Triumph

Markethive's HVC Token Poised for Crypto Market Triumph

As the crypto industry gears up for the next bull run, Markethive isn't just sitting on the sidelines – it's rolling up its sleeves and diving into the action, poised to shine on the high-performance stage of the Solana blockchain. At the heart of this venture is Markethive's native cryptocurrency, Hivecoin (HVC), a key player ready to unlock the industry's full potential. Solana's reputation for speed and scalability provides the perfect playground for Markethive's ambitious goals.

Cryptocurrency and blockchain have shaken the business world, creating a new era of possibilities. And Markethive? Well, it's not trailing behind; in fact, it's leading the charge. This unique platform, grounded in blockchain technology, caters to entrepreneurs, marketers, and business owners, offering them a suite of tools and services to navigate this brave new world.

Now, to make things even more exciting, Markethive has introduced the HVC into the mix. This token isn't just any token; it's intricately woven into the fabric of Markethive's ecosystem. And guess what? It's riding the Solana blockchain wave. Why does that matter? Buckle up because we're about to dive into the juicy details of why this move is a game-changer.

Ready to uncover the magic behind Markethive's strategic choice? Let's jump into the discussion and explore the manifold benefits of having the HVC token on the Solana blockchain. Shall we?


Source: Medium. Solana Labs

Why Markethive chose Solana as the blockchain for the HVC Token

As a decentralized platform aimed at creating a new social and economic paradigm, Markethive needed a blockchain that could seamlessly integrate with its design and vision while meeting specific requirements to ensure its efficiency and effectiveness. After a detailed analysis of various blockchain platforms in the market, the Markethive administrators led by CEO Thomas Prendergast settled on Solana, a high-performance, open-source blockchain designed to support global-scale decentralized applications (dApps).

Solana is a unique blockchain built on eight key technologies, popularly referred to as its "8 pillars of innovation." These pillars include Proof of History, Tower BFT, Turbine, Gulf Stream, Solana Runtime, Archivers, Cloudbreak, and Sealevel, which all work together to ensure the blockchain network's scalability, speed, and security.

How does Solana meet Markethive's requirements for a blockchain platform? Markethive requires fast and efficient transactions, low transaction fees, and a secure and scalable network capable of handling large volumes of data and users. Solana's high throughput of thousands of transactions per second, low transaction costs, and ability to manage multiple dApps make it the perfect fit for the Markethive ecosystem.

Several blockchain platforms offer benefits that have endeared them to various projects and developers. However, most of these platforms suffer from scalability and high transaction costs whenever there is a high volume of transactions on the network. Solana eliminates these challenges by utilizing a robust infrastructure capable of simultaneously handling multiple dApps on the network.

Solana boasts of innovative technology designed to enhance its performance and efficiency. Its Proof of History (PoH) allows for secure and efficient recording of transactions, while its support for smart contracts enables developers to create advanced and customized decentralized applications. Additionally, Solana has a vibrant community and developer network offering resources, tools, and collaborative opportunities for developers. In all, Solana's unique features and advantages make it a standout blockchain platform, offering a robust infrastructure for Markethive's HVC token development. The potential of HVC and the innovative Solana network will transform the Markethive community and create new possibilities for decentralized ecosystems.


Source: Markethive.com

How the HVC Token can Impact the Future of Markethive

The impact of HVC on the future of Markethive is poised to be transformative and far-reaching. This utility token, nestled within the Markethive ecosystem, holds the key to reshaping the dynamics of user interaction within the platform. It goes beyond being a mere transactional tool; the HVC serves as a catalyst for a paradigm shift in how users engage with Markethive.

One of the primary ways HVC will influence Markethive is by granting users access to premium services. This adds an element of exclusivity and enhanced features for token holders, creating a tiered experience within the platform. Armed with HVC, users can unlock a range of specialized services, contributing to a more tailored and personalized Markethive experience.

The HVC introduces a novel way to recognize and reward user participation. By actively engaging with the Markethive community, users can earn HVC, fostering a sense of appreciation and acknowledgment for their contributions. This incentive structure creates a positive feedback loop, where users are not only motivated to participate but also become integral contributors to the growth and vitality of the Markethive ecosystem.

Incentivizing user participation through HVC has the potential to breathe life into the Markethive community. A vibrant and engaged ecosystem emerges when users are rewarded for their contributions. This dynamic environment, fueled by the circulation of HVC, establishes a virtuous cycle of growth. Users are not just passive participants; they become active stakeholders in the platform's success, leading to a more robust and interconnected community.

The value of HVC is intricately tied to their utility and demand within the Markethive ecosystem. As more users actively participate in the platform, utilizing HVC for various transactions and interactions, the demand for the token naturally increases. This surge in demand has the potential to drive a significant appreciation in the token's value, presenting users with additional incentives to both use and hold onto their HVC.

Looking ahead, Markethive envisions expanding the utility of HVC within its platform. This could involve exploring new use cases and integration opportunities, potentially collaborating with other blockchain-based platforms. The goal is to broaden users' earning and spending avenues, making HVC tokens a versatile asset within the evolving digital landscape.

In essence, the future impact of HVC Token extends beyond being a mere transactional tool. It is a linchpin in Markethive's vision to cultivate a supportive, incentivized, and decentralized network where every user has a stake in the platform's success. The journey ahead holds the promise of a flourishing ecosystem where HVC tokens play a central role in shaping the collaborative and dynamic landscape of Markethive.

The Problem with Centralization in Crypto Projects

In recent times, there's been a noticeable trend in the crypto industry where projects prioritize quick returns and, in doing so, tend to centralize control. This focus on rapid investor rewards can lead to compromises on decentralization. Many coins and tokens have fallen prey to aggressive pump-and-dump cycles, and unfortunately, a significant portion of them fail to endure beyond a single crypto cycle.

The impact of centralization in crypto projects is profound. It not only impedes the industry's growth but also creates an environment susceptible to fraud, scams, data harvesting, and even political bias. This is a serious concern as it erodes the foundational principles of cryptocurrency – trust, transparency, and decentralization.

Decentralization emerges as a compelling solution to these issues. By decentralizing social market networks, crypto projects can break free from the control problems associated with centralized power structures. This move fosters an environment that encourages creativity, innovation, and community-driven initiatives.

Markethive stands out as a pioneer in this space by developing a decentralized platform incorporating a self-policing reputation system and Human Intelligence (HI). Unlike projects influenced by prominent venture capitalists, Markethive is solely community-funded. This means that the community is using the platform and actively building it. It is a platform of the people, by the people, and for the people, ensuring that the benefits of its success are shared across all levels of the community.

Supporting decentralization liberates crypto projects from the pitfalls of centralized control. It promotes a democratic and meritocratic environment where the community plays a pivotal role in decision-making. This approach is not only aligned with the fundamental principles of blockchain technology but also ensures the sustainability and longevity of the project.


Source: Markethive.com

Markethive’s Unique Approach to Decentralization

Markethive's embrace of decentralization empowers its entrepreneurial community to share content freely without fearing censorship or control from top-level management. This approach creates an environment where creativity can flourish, generating positive and beneficial content. By eliminating the constraints imposed by centralized authority, Markethive fosters an atmosphere conducive to innovation.

The absence of top-down control allows for the creation of more authentic and engaging content. With contributors free to express their ideas and perspectives, Markethive becomes a vibrant platform where a diverse range of voices can be heard. This authenticity resonates with the audience, attracting a larger and more engaged community.

Decentralizing funding is a key pillar of Markethive's approach. By relying on community funding rather than traditional venture capital, Markethive ensures that the community are not just users of the platform but active contributors to its success. This model aligns with the principles of decentralization, distributing decision-making power and financial support across the community.

Markethive incorporates self-policing systems to maintain a healthy and ethical community environment. This reduces the need for external oversight and places the responsibility of maintaining the platform's integrity in the hands of the community itself. By doing so, Markethive creates a system where users collectively contribute to the platform's well-being.

Markethive's commitment to decentralization extends beyond its individual model. It actively participates in the broader movement towards Web 3.0, a paradigm shift aiming to move away from the centralization of services on the Internet. This aligns with the evolving landscape of technology and user expectations, positioning Markethive at the forefront of progressive developments in the digital space.

As Markethive positions itself for the next crypto bull run, its native cryptocurrency, Hivecoin (HVC), plays a vital role in facilitating the full potential of the crypto space. Markethive's dedication to preventing scams and data harvesting ensures a secure environment for users to participate in the crypto revolution without fear of exploitation.

Users can actively contribute to Markethive's decentralization revolution by becoming an 'Entrepreneur One.' This membership not only supports the community-driven model but also allows users to reap the rewards of revenue returns through Markethive's Innovative ILP. It creates a symbiotic relationship where the success of the platform translates into benefits for its contributors.


Source:  Markethive.com

Markethive’s Readiness for the Crypto Bull Run

One of the reasons we're excited about the potential for Markethive's Hivecoin (HVC) is that we're ready for the next significant crypto bull run. HVC will be firmly established as a currency with purpose and utility in the free market. But it's more than just HVC's potential for success that makes us bullish about our readiness for the next crypto cycle. 

We've been hard at work creating an impregnable fortress against fraud and scams. As we've seen in recent years, the crypto industry has become a jungle and a cesspool of shady practices. Many crypto projects have been accused of scams and data harvesting, and even worse, have been used to advance political bias and dystopian ends. At Markethive, we've taken cybersecurity seriously from the start. We've implemented multiple servers, disengaged unreliable APIs, and crafted a reputable system that is secure and fair.

We're also fostering a creative and beneficial content breeding ground in which people's minds are prompted toward positive growth and critical thinking. All of these measures demonstrate our commitment to building a community that is not only profitable but secure and ethical. With Markethive, there won't be any hidden agendas or underhanded tactics. We're of and for the people and confident in our ability to deliver on our promises.

Another factor that makes us confident in the crypto bull run is that Markethive will actively participate in facilitating crypto's full potential. Our ecosystem is poised to be a breeding ground for positive change in the industry. As we grow, so too will our impact on the broader world of blockchain and cryptocurrency. We're all excited about the potential for a crypto bull run, and we believe that Markethive is uniquely positioned to thrive in this environment. 

Final Thoughts

With its high throughput, low latency, and seamless cross-chain compatibility, Solana provides an ideal platform for the launch of HVC token. The unique features of Solana make it a popular choice among developers and projects in the blockchain space. The HVC token could transform the Markethive community and encourage the growth of decentralized applications in general.

I am sure you are tired of being at the mercy of centralized services that control your data and limit your potential. Well, join the revolution towards decentralization and become part of Markethive's unique entrepreneurial ecosystem. By becoming an Entrepreneur One, you can enjoy all the benefits of Markethive's platform and earn revenue returns through the ILP. Plus, with Markethive's Hivecoin (HVC) poised for the next crypto bull run, you can facilitate the achievement of crypto's full potential.

Gone are the days of being at the mercy of venture capitalists and central authorities. With Markethive's decentralized funding model, you can invest in projects that truly align with your values and vision. So, what are you waiting for? Join the ranks of entrepreneurs who are taking control of their destiny and building a better future for themselves and their communities. Don't just watch from the sidelines; become part of the solution and reap the rewards of true decentralization.

This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

 

 

About: Prince Ibenne. (Nigeria) Prince is passionate about helping people understand the crypto-verse through his easily digestible articles. He is an enthusiastic supporter of blockchain technology and cryptocurrency. Find me at my Markethive Profile Page | My Twitter Account | and my LinkedIn Profile.

 

 

 

 

 

Tim Moseley

Top Networks for Video Ads that Marketers Can Use

Top Networks for Video Ads that Marketers Can Use

Video advertising is a powerful way to reach and engage your target audience online. However, choosing the right video ad network can be challenging, as there are many factors to consider, such as display options, targeting options, data quality, notable clients, and pricing.

To help you find the best video ad network for your needs, I have searched the web and found some of the most popular and reputable ones. Here are some of the top video ad networks for advertisers in 2023, according to various sources1:

  • Push.House: This network has a huge reach and offers a variety of ad formats, such as push notifications, pop-ups, banners, and native ads. You can target your ads by niche, country, device, browser, and more. You can also create campaigns easily and monitor their performance in real-time. Push.House claims to generate 14 billion impressions and 30 million clicks per day2.
  • Primis: This network is a video search platform that allows publishers to monetize their content with relevant and high-quality video ads. You can access a large inventory of premium video content across various categories and niches. You can also customize your ads with interactive elements, such as polls, quizzes, and calls to action. Primis delivers over 4.5 billion unique impressions per month3.
  • Google AdSense: This network is one of the most widely used and trusted video ad networks in the world. You can leverage the power of Google’s search engine and display network to reach millions of potential customers. You can also benefit from Google’s advanced algorithms and data to optimize your ads and targeting. Google AdSense supports various video ad formats, such as skippable and non-skippable in-stream ads, out-stream ads, and video discovery ads4.
  • Adsterra: This network is a global ad network that offers innovative and effective video ad solutions. You can choose from different video ad formats, such as in-stream, out-stream, rewarded, and interstitial ads. You can also target your ads by geo, device, browser, language, and more. Adsterra claims to have over 30 billion ad impressions and 12,000 direct publishers per month5.
  • Unruly: This network is a leading video ad platform that specializes in emotional and engaging video ads. You can access a curated network of premium publishers and a diverse audience of over 1.2 billion people. You can also use Unruly’s emotional data and insights to create and optimize your video ads. Unruly works with some of the world’s biggest brands, such as Coca-Cola, Samsung, and Amazon.

These are just some of the best video ad networks for advertisers in 2023. You can explore more options by visiting the links I have provided. I hope this helps you find the best video ad network for your goals and budget. 😊

1: https://www.bing.com/search?q=The+Best+Video+Ad+Networks+for+Advertisers 2: https://adnetworkmag.com/best-video-ad-networks/ 3: https://www.primis.tech/ 4: https://support.google.com/adsense/answer/1705822?hl=en 5https://adsterra.com/ad-formats/video-ads/ : https://unruly.co/

Tim Moseley

Gold Price News: Gold Nudges Higher as Markets Watch Central Banks

Gold Price News: Gold Nudges Higher as Markets Watch Central Banks

Market Analysis

Gold prices firmed slightly on Tuesday, showing signs of stability after a decidedly bearish start to the week.

KAU/USD 1-hourly

Prices moved in a range of $1,983 to $1,997 an ounce through the day, after falling as low as $1,976 an ounce on Monday.

Looking ahead this week, the US Fed is widely expected to maintain interest rates at the current 22-year high of 5.5% in a decision scheduled for Wednesday, with the markets looking for further clues on the outlook ahead of the Fed’s next meetings in December, January and March.

Data from interest rate traders currently indicates a 54% probability that the central bank will hold rates unchanged at its March meeting, and a 44% chance of a 25-basis point cut. It should be cautioned that these implied probabilities fluctuate on a day-to-day basis as the trading environment evolves. Interest rates matter for gold prices because they affect the opportunity cost of holding non-interest-bearing assets.

Interest rate decisions are also due on Thursday by the ECB and Bank of England – both expected to hold rates unchanged at 4.5% and 5.25% respectively as central banks seek to keep inflation under control.

Gold also continues to take support from ongoing geopolitical tensions in the Middle East. A cruise missile launched from Houthi-controlled Yemen hit a Norwegian-flagged oil and chemical tanker in the Red Sea off the coast of Yemen on Tuesday, according to news reports. This latest incident serves to highlight the risk that the conflict between Israel and Palestine could spill over into other regions. Heightened geopolitical risks tend to drive investment into safe havens such as precious metals.

Looking further out, Friday will see the release of Chinese industrial production figures and German manufacturing PMI flash data, which are likely to provide the latest indicators of economic health in those major economies.

Contributing to kitco.com

Time to Buy Gold and Silver

Tim Moseley

Great News for Entrepreneur One Members and a Look into the Future Of Hivecoin

Great News for Entrepreneur One Members and a Look into the Future Of Hivecoin 

Markethive is relentlessly pushing boundaries, driven by the pursuit of excellence in creating a cutting-edge platform that leaves traditional social media and marketing tools in the dust. With a focus on streamlining user experience, Markethive is incorporating innovative technologies that enable effortless broadcasting, significantly expanding your reach and influence.

With the recently launched wallet that is your comprehensive accounting and financial hub, Markethive is likened to a bank. Hence, the level of security is second to none. The cottage industry concept within the Markethive ecosystem will provide avenues to secure your financial freedom in a sovereign and meritocratic environment in a ‘market-verse’ unique to Markethive but extending its influence beyond the confines of the platform and into the broader online community and cryptocurrency realm.

We have made such significant progress because of the unwavering support and contributions of the Entrepreneur One community and ILP holders. The team behind the scenes is deeply grateful for the backing of these visionary individuals who share our commitment to advancing liberty for all people.

Markethive’s End Of Year Bonuses For E1 Upgrades

It’s Christmas time, and as promised, the 2023 bonus of one whole ILP to each of the Entrepreneur One (E1) associates who have maintained their subscription for the past 12 months will be credited to your wallet in January 2024.

To express our heartfelt gratitude and appreciation for the unwavering support of our esteemed E1 associates who share our vision, Markethive's founders, Thomas and Annette, are thrilled to announce a new promotion set to begin in January 2024. This exclusive offer is a token of our appreciation for your steadfast belief in our mission and your continued dedication to our community.

The incentive for next year is 1000 Hivecoins (HVC), and thanks to Annette, it will include another full ILP! This offering will be delivered at the end of the 12 months in January 2025. The initiative is for Entrepreneur Ones only and any other member who would like to upgrade to an E1 membership of $100 per month. To qualify for the bonus, members must maintain an active subscription for a consecutive 12-month period, and they will receive one whole ILP and 1000 HVC in January 2025.

There's no restriction on the number of Entrepreneur One subscriptions you can own, so you can benefit from multiple memberships. If you have numerous E1 subscriptions, you'll receive the corresponding number of bonuses, such as the ILP and HVC, for each membership you hold. For instance, owning two E1 memberships means you'll receive two whole ILPs and 2000 HVC in January 2025. The more memberships you have, the more rewards you'll achieve.

Alternatively, you can save $200 by upgrading to the E1 with a yearly subscription of $1000, which covers you for 12 months. Note that if you choose the annual option and pay for it a little later in the year, it will be backdated to January, and you will still be eligible for the ILP/Hivecoin 2024 promotion. Please keep in mind that your bonus will be paid to you at the end of the promotion in January 2025. 

Remember, the E1 Upgrade is only available from the company Markethive for a limited time. As we move closer to the official release of Hivecoin, E1 Exchange, and associated implementations within the Markethive system, the Entrepreneur One will only be available to bid and purchase primarily from E1 associates who hold multiple E1 subscriptions, should they choose to sell one via the E1 Exchange (E1X). 

It’s worth noting that 1000 Hivecoin is equivalent to 200,000 Markethive tokens (MHV) currently used within the Markethive ecosystem for micropayments. As Markethive is presently on the Solana blockchain, the Hivecoin is classed as a Token. Once Markethive establishes its own blockchain, which will drive the crypto coin exchange, Hivecoin will be the native token of its blockchain and be regarded as a Coin. 

What Type Of Crypto Is Hivecoin? 

In a previous article, we looked at the different types of cryptocurrencies and their respective categories. Many of the cryptos mentioned were utility tokens, even though they fall under other categories. For example, Binance and Chainlink are utility tokens, but they are classed as exchange and oracle tokens, respectively.   

 

Markethive's Hivecoin (HVC) is a versatile utility token that extends beyond its primary function to encompass aspects of exchange, payment, smart contracts, and commerce tokens. Its utility is further amplified by its use in various Markethive services, including sponsored articles, press releases, broadcasts, banner advertising, video advertising, and digital advertising on cryptocurrency faucet sites, news sites, the Bounce, and the upcoming Push. Additionally, Hivecoin will play a crucial role in Markethive's gamification strategy, contributing to the overall growth and development of the Markethive ecosystem driven by Hivecoin.

 

 

The components mentioned above, along with the Premium Upgrade (PUP), are the tipping point for the Incentivized Loan Program (ILP), as they will be extremely valuable in bringing in revenue for ILP holders. The ILP token is a smart contract, as any member who acquires ILPs through the E1 subscription or purchased the ILP outright is essentially loaning the funds to Markethive for its development. 

 

 

The Markethive Credit (MVC) falls into the category of a stablecoin that serves as the backbone of the Markethive ecosystem's staking mechanism. The more MVC you possess in your Markethive wallet, the greater the daily interest you'll accumulate. The interest rates are influenced by other various factors, as depicted in the image below. On the first day of each month, you'll receive your earned interest in Markethive Tokens (MHV), which will be reflected in your coin clip and detailed in your wallet's Accounting section. 

 

 

The Markethive Token (MHV) is currently used internally for micropayments. As we make the transition to Hivecoin and listed on the coin exchanges, the MHV will likely be replaced with the Bee Token. It takes 1 million Bees to make one Hivecoin. The Markethive Token is equated at 200 MHV to 1 Hivecoin. 

 

What Will The Hivecoin Be Worth? 

A realistic way of determining Hivecoin’s worth in the near future is taking into consideration the circulating supply of cryptos with a similar supply to HVC. If you research Coinmarketcap and click on circulating supply, the cryptos with coin supplies in the billions are priced extremely low. Most are less than a cent, with little hope of gaining real value. 

The cryptos with a circulating supply of millions fare much better—many cryptos of around 70 million range from $7 to $50. Markethive is somewhat modeled after Elrond’s MultiversX (EGLD), which has a circulating supply of just over 26 million with a maximum supply of 31.5 million and is currently priced at $61.56 when writing this article. 

The Hivecoin has a capped supply of 48 million. With this low supply and the genuine use cases  Markethive offers, we can expect HVC to go to $10 – $50 within the first year once we are on the exchanges. Going by empirical evidence, the fact we have a strong community and a real need for Hivecoin, we can justify that. 

So what would 1000 Hivecoin be worth if it was MultiversX? It would be worth $61,560. That's pretty cool, and Markethive is giving that to you for being an Entrepreneur One! Another example is Arweave (AR), with a circulating supply of 65.4 million and a maximum supply of 66 million currently sitting at $11.04, which is $11,040, which is nothing to sneeze at. 

One of the strategies that Markethive will use is to buy back or repurchase some of the HVC tokens using its cash resources from holders at market price. This approach is not novel, as businesses have long utilized self-investment as a means of stabilizing prices (or inflation) in the traditional financial market. 

Hivecoin can profit from the successful and popular buyback approach used in the cryptocurrency market. Binance and Nexo are two examples of successful crypto projects that have employed this strategy to draw investors and deliver tangible advantages. Through a buyback, Hivecoin can offer a compelling and valuable proposition that works well within the system, ultimately resulting in a substantial increase in asset value. This tactic has shown to be effective and profitable, making it a wise decision for Hivecoin's future.

Empower Markethive's Mission

Markethive is not a drop in the ocean but an entire ocean in a drop. Rather than the ‘seeing to believe’ notion we’ve been brainwashed with, we must practice ‘believing to see.’ By embracing the power of belief, we can unlock our potential and create a brighter future. As a shining beacon, Markethive stands among the best, offering a haven for those seeking sovereignty, prosperity, and growth. To further our mission, we invite you to join us in empowering the people and creating a better world for all. Together, we can make a difference.

Upgrading to Entrepreneur One now is extremely advantageous, as you would receive a sizable bonus consisting of 1 ILP and 1000 Hivecoin. By doing so, you'll benefit from the many products and services exclusive to the E1 upgrade and be recognized as a pioneer in the Divinely inspired groundbreaking initiative, the Lord's Vision, aimed at liberating humanity in a world filled with turmoil.

Merry Christmas and blessings to all! 

This article is provided for informational purposes only and should not be relied upon as legal, business, investment, or tax advice. Furthermore, however plausible, the contents of this article may include speculative opinions. Of course, there is nothing wrong with speculation as long as its premises are made clear. Speculation is the customary way to begin the exploration of uncharted territory as it stimulates a search for evidence that will support or refute it.

 

 

Editor and Chief Markethive: Deb Williams. (Australia) I thrive on progress and champion freedom of speech.  I embrace "Change" with a passion, and my purpose in life is to enlighten people to accept and move forward with enthusiasm. Find me at my Markethive Profile Page | My Twitter Account | and my LinkedIn Profile.

 

 

 

 

Tim Moseley

Did today’s statement by Fed President Williams cause a sell-off in gold?

Did today’s statement by Fed President Williams cause a sell-off in gold?

After trading to a high of $2059.60 today, gold futures closed lower. As of 4:20 PM, gold futures basis the most active February 2024 contract is down $17.90 or 0.87% and fixed at $2033.40. Today’s selloff follows two days of strong gains that occurred immediately after the conclusion of this month’s FOMC meeting. On Wednesday, gold futures opened at $1995 and surged higher by $48.10 closing at $2043.30. Yesterday gold gained an additional $8.20 after trading to a high of $2062.90 and closing at $2051.30.

The price surge that occurred on Wednesday and Thursday was in response to the release of the FOMC statement, Summary of Economic Projections (SEP), and comments by Chairman Powell on Wednesday. All the information from the Fed indicated a major pivot in their monetary policy.

This pivot from interest rate hikes by the Federal Reserve to combat spiraling inflation above 8 ½% in March 2022 has been highly anticipated recently. Their aggressive pivot to a restrictive monetary policy included 11 rate hikes, taking their benchmark interest rates from near zero to between 5 ¼% and 5 ½ % in just over a year. Although the Federal Reserve stopped raising rates a few months ago and announced a series of rate hike pauses, comments by Federal Reserve officials remained close to the chest avoiding any information about when they planned to begin rate cuts.

That changed on Wednesday with the release of their economic projections which contained detailed information revealing that central bank officials almost unanimously are anticipating interest rate cuts to begin next year, with the expectations of a ¾% cut taking Fed funds rates to approximately 4.6%.

The immediate reaction was a strong decline in the dollar, which set into motion strong gains in gold as a result of bullish market sentiment and dollar weakness. Today, dollar strength was all that was needed for traders to pull profits on the recent advance in gold prices. The dollar gained 0.62% and gold dropped by 0.88% revealing that today’s price decline in gold futures was primarily due to dollar strength with a smaller component the result of market participants actively selling gold.

The question becomes whether this will be a one-off or a pivot from the recent gains in gold, or the beginning of a price correction. An important factor in today’s price decline was a recent statement by New York Fed President Williams. Speaking on CNBC’s Squawk Box today, Williams said, “We aren’t really talking about rate cuts right now,”.

This contrasts with Chairman Powell’s comments on Wednesday, as well as the dot plot that was released on Wednesday. The dot plot revealed that there were only two voting members who did not believe they would cut rates next year, making this author believe that Fed President John Williams was one of those two voting members, and if so, he represents a small minority.

By

Gary Wagner

Contributing to kitco.com

Time to Buy Gold and Silver

Tim Moseley

Gold silver rally as Federal Reserve leans surprisingly easy

Gold, silver rally as Federal Reserve leans surprisingly easy

Gold and silver prices sharply up in midday U.S. trading Thursday, in the aftermath of surprisingly dovish rhetoric on U.S. monetary policy from the Federal Reserve. February gold was last up $56.50 at $2,054.00. March silver was last up $1.579 at $24.505. (Gold and silver futures prices had officially settled before the FOMC meeting concluded Wednesday afternoon. Thus, the big gains noted in today's prices.)

The marketplace got a dovish surprise from the Federal Reserve Wednesday. While the Federal Open Market Committee (FOMC) left interest rates unchanged, the committee and Fed Chairman Jerome Powell pivoted from their heretofore hawkish rhetoric of a tight monetary policy and toward loosening policy, including future interest rate cuts. The Fed's "dot plots" now indicate three interest rate cuts (totaling 0.75%) in 2024. Markets cheered the Fed news as the U.S. stock indexes hit new highs for the year, gold prices soared back above $2,000, the U.S. dollar index dropped sharply and Treasury yields declined. The benchmark 10-year note yield dropped below 4%. The now much-improved risk appetite in the general marketplace should work to support further gains in equities and commodity markets for at least the near term. A Barrons headline today reads: "Markets rejoice as Fed doves take flight…."

The Bank of England kept its monetary policy steady at its regular meeting Thursday, as expected. The European Central Bank also kept its policy steady, but ECB President Christine Lagarde still sounded a hawkish tone in her press conference.

A stronger-than-expected U.S. retail sales report this morning did not support the Fed's monetary-policy-easing rhetoric Wednesday afternoon, and that likely helped to push gold and silver prices down from their daily highs.

  Fed's Powell confirms FOMC believes terminal rate has been reached, says outlook reflects latest CPI and PPI data

U.S. stock index futures are firmer at midday and hit new contract highs and new highs for the year, when the New York day session begins. The Dow Jones Industrial Average set a record-high today.

The key outside markets today see the U.S. dollar index sharply lower and hit a four-month low, on follow-through selling pressure from Wednesday's sharp losses. Nymex crude oil prices are solidly up and trading around $72.00 a barrel, after hitting a 5.5-month low Wednesday. The yield on the benchmark U.S. Treasury 10-year note is presently fetching 3.908%.

Technically, February gold futures prices Wednesday scored a bullish "outside day" up after hitting a three-week low early on. The bulls have the overall near-term technical advantage and have regained strength. Prices are in a nine-week-old uptrend on the daily bar chart. Bulls' next upside price objective is to produce a close above solid resistance at $2,100.00. Bears' next near-term downside price objective is pushing futures prices below solid technical support at $2,000.00. First resistance is seen at today's high of $2,062.90 and then at $2,072.70. First support is seen at today's low of $2,039.10 and then at $2,025.00. Wyckoff's Market Rating: 7.0

March silver futures prices Wednesday scored a big and bullish "outside day" up after hitting a three-week low early on today. The silver bulls have gained the overall near-term technical advantage and have regained power. Silver bulls' next upside price objective is closing prices above solid technical resistance at $26.00. The next downside price objective for the bears is closing prices below solid support at this week's low of $22.785. First resistance is seen at $24.75 and then at $25.00. Next support is seen at $24.00 and then at $23.75. Wyckoff's Market Rating: 6.0.

March N.Y. copper closed up 1,060 points at 389.35 cents today. Prices closed nearer the session high today. The copper bulls have the overall near-term technical advantage and gained power today. Prices are in a choppy, seven-week-old uptrend on the daily bar chart. Copper bulls' next upside price objective is pushing and closing prices above solid technical resistance at the July high of 404.45 cents. The next downside price objective for the bears is closing prices below solid technical support at the December low of 372.90 cents. First resistance is seen at today's high of 390.95 cents and then at the December high of 393.30 cents. First support is seen at 385.00 cents and then at today's low of 382.70 cents. Wyckoff's Market Rating: 6.5..

By

Jim Wyckoff

For Kitco News

Time to Buy Gold and Silver

Tim Moseley

FOMC statement leans dovish gold price rallies

FOMC statement leans dovish, gold price rallies

Gold and silver prices aare solidly higher and hit new daily highs in the aftermath of the Fed's FOMC meeting conclusion. The FOMC statement was surprisingly dovish on U.S. monetary policy, which pushed the precious metals markets sharply up. February gold was last up $26.60 at $2,020.10. March silver was last up $0.434 at $23.425.

On the front burner of the marketplace is the just-concluded two-day Federal Open Market Committee (FOMC) monetary policy meeting of the Federal Reserve. The FOMC statement said U.S. economic growth has moderated but inflation remains elevated. Most FOMC officials now see rate cuts coming in 2024. 2025 and 2026. The marketplace is reading the FOMC statement as being surprisingly dovish on U.S. monetary policy. Now the marketplace awaits the press conference from Fed Chairman Jerome Powell. It's still expected Powell may lean at least a bit hawkish by saying the inflation fight is not yet finished.

This week's U.S. inflation data in the form of the consumer price and producer price indexes for November came in close to market expectations and suggest U.S. inflation continues to cool. The data somewhat assuaged the marketplace, at least for the moment, as the U.S. stock indexes this week hit new for-the-move highs amid a seasonal Santa Claus rally.

  Gold to outperform silver and platinum as weak growth forces the Fed to cut rates in 2024 – Heraeus

The key outside markets today see the U.S. dollar index lower and selling off after the FOMC statement. Nymex crude oil prices are up and trading around $69.75 a barrel after hitting a 5.5-month low overnight. The down-trending crude oil market is casting a pall over much of the raw commodity sector. The yield on the benchmark U.S. Treasury 10-year note is presently fetching 4.092% and down from just before the FOMC statement was released.

Technically, February gold futures prices hit a three-week early on low today. The bulls have the overall near-term technical advantage but regained some momentum today. Prices are in a two-month-old uptrend on the daily bar chart. Bulls' next upside price objective is to produce a close above solid resistance at $2,050.00. Bears' next near-term downside price objective is pushing futures prices below solid technical support at the November low of $1,955.40. First resistance is seen at this week's high of $2,023.70 and then at the October high of $2,039.70. First support is seen at $2,000.00 and then at today's low of $1,987.90. Wyckoff's Market Rating: 6.0

March silver futures prices hit a three-week low early on today. The silver bears have the slight overall near-term technical advantage. Prices are now trending down on the daily bar chart. Silver bulls' next upside price objective is closing prices above solid technical resistance at $24.50. The next downside price objective for the bears is closing prices below solid support at the October low of $21.17. First resistance is seen at $23.75 and then at $24.00. Next support is seen at $23.00 and then at today's low of $22.785. Wyckoff's Market Rating: 4.5.

March N.Y. copper closed down 30 points at 378.45 cents today. Prices closed nearer the session high today. The copper bulls have the slight overall near-term technical advantage. Prices are in a choppy, seven-week-old uptrend on the daily bar chart. Copper bulls' next upside price objective is pushing and closing prices above solid technical resistance at the December high of 393.30 cents. The next downside price objective for the bears is closing prices below solid technical support at the November low of 362.60 cents. First resistance is seen at this week's high of 383.60 cents and then at last Friday's high of 386.40 cents. First support is seen at today's low of 375.30 cents and then at last week's low of 372.90 cents. Wyckoff's Market Rating: 5.5.

By

Jim Wyckoff

For Kitco News

Time to Buy Gold and Silver

Tim Moseley

Gold up but loses altitude as FOMC meets

Gold up, but loses altitude as FOMC meets

Gold prices are modestly higher and silver around steady near midday Tuesday. Both metals modestly extended overnight gains and hit session highs following a morning U.S. inflation report that was in line with expectations. However, prices have backed down from daily highs on position evening as the U.S. central bank will provide an update on its monetary policy Wednesday afternoon. Solidly lower crude oil prices are also a bearish daily outside-market element for the metals. February gold was last up $3.50 at $1,997.10. March silver was last down $0.008 at $23.05.

The U.S. economic data point of the day saw the consumer price index report for November come in at up 3.1%, with the core rate (minus food and energy) coming in at up 4.0%. Both figures are year-on-year and are the same readings as seen in the October report. The November year-on-year numbers came in right in line with market expectations. The modest rallies in gold and silver following the CPI data suggest traders were relieved inflation did not uptick in November. Recent economic data from the world's major economies has generally shown cooling inflation.

Focus is now squarely on the two-day Federal Open Market Committee (FOMC) monetary policy meeting of the Federal Reserve begins today and ends Wednesday afternoon with a statement and press conference from Fed Chairman Jerome Powell. The marketplace consensus is that the FOMC will leave interest rates unchanged. However, it's also expected the FOMC statement and Powell at his press conference will still lean a bit hawkish by saying the inflation fight is not yet finished. Still, many market watchers expect the Fed to cut U.S. interest rates by mid-year in 2024.

  Gold is poised for new all-time highs in 2024 – World Gold Council

The key outside markets today see the U.S. dollar index weaker. Nymex crude oil prices are solidly down, near the recent for-the-move low, and trading around $69.00 a barrel. The yield on the benchmark U.S. Treasury 10-year note is presently fetching 4.227%.

Technically, February gold futures bulls have the 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 above solid resistance at $2,075.00. Bears' next near-term downside price objective is pushing futures prices below solid technical support at the November low of $1,955.40. First resistance is seen at today's high of $2,012.50 and then at this week's high of $2,023.70. First support is seen at this week's low of $1,991.20 and then at $1,975.00. Wyckoff's Market Rating: 6.0

March silver futures bears have the slight overall near-term technical advantage. Prices are now trending down on the daily bar chart. Silver bulls' next upside price objective is closing prices above solid technical resistance at $24.50. The next downside price objective for the bears is closing prices below solid support at the October low of $21.17. First resistance is seen at today's high of $23.45 and then at $23.75. Next support is seen at $23.00 and then at $22.75. Wyckoff's Market Rating: 4.5.

March N.Y. copper closed up 115 points at 379.20 cents today. Prices closed near mid-range today. The copper bulls have the slight overall near-term technical advantage. Prices are in a choppy, seven-week-old uptrend on the daily bar chart. Copper bulls' next upside price objective is pushing and closing prices above solid technical resistance at the December high of 393.30 cents. The next downside price objective for the bears is closing prices below solid technical support at the November low of 362.60 cents. First resistance is seen at this week's high of 383.60 cents and then at Friday's high of 386.40 cents. First support is seen at today's low of 376.65 cents and then at last week's low of 372.90 cents. Wyckoff's Market Rating: 5.5.

Try out my "Markets Front Burner" email report. My next one is due out today and is going to be entitled, "When China sneezes…" Front Burner is my best writing and analysis, I think, because I get to look ahead at the marketplace and do some market price forecasting. And it's free! Sign up to my new, free weekly Markets Front Burner newsletter, at https://www.kitco.com/services/markets-front-burner.html .

By

Jim Wyckoff

For Kitco News

Time to Buy Gold and Silver

Tim Moseley

Markethive’s Contribution to the Cause

6 Steps To Unlocking Crypto's Full Potential: Markethive's Contribution to the Cause.

Although Bitcoin has existed for 15 years, the crypto industry is considered relatively nascent, and it’s frequently stated as still in the early days, meaning that many coins and tokens still have huge potential. Many believe this is somewhat underestimated. In perspective, the total market cap of stocks is $90 trillion, the total market cap of precious metals is $15 trillion, and just the US Dollar is over $20 trillion. The total market cap of crypto is only around $1 trillion, and considering some coins and tokens could someday become serious competitors to stocks, metals, or even national currencies means that crypto still has unprecedented potential. 

This article explores the six steps to achieving crypto’s full potential, how it will achieve this potential, what entities are moving forward, and how significant the returns could be. We’ll look at where we’ve come from and where we are heading and discover the critical component that brings this whole approach together. 


Image source: Finoa.io

Awareness and Education

The first step to achieving crypto's full potential is awareness and education because crypto can only receive investment or achieve adoption if people know about it. It can only receive investment or achieve adoption if people understand how it works and its value. Awareness of and education about crypto needs to be improved, as most of the attention either comes from mainstream media, arguably biased and aligned with the financial establishment, or from misleading advertisements, promotions, and partnerships, often from explicitly pro-crypto entities. 

Much of the education has also come from questionable sources, with most media outlets and influences pushing content purely to get clicks or token allocations. The result is that there is a general shortage of quality information about crypto, but this is improving. People are looking for quality information about crypto, and it’s increasing.

Another reason there’s been a lack of genuine education in crypto until now is that it's often more profitable to do other kinds of crypto content in the short term. It has given cryptocurrency an unfavorable reputation and is especially tough for those genuinely trying to educate others, but this seems to be slowly improving, too.

Some crypto content creators and influencers have taken shortcuts, finding themselves under the scrutiny of the SEC, while other countries have recently enforced strict regulations around crypto marketing.  As concerning as some of these regulations are, they are arguably necessary to ensure that the next wave of crypto content creators and influencers focus on crypto content with long-term value. 

Markethive, an entrepreneurial ecosystem, is a platform at the forefront of this shift as a next-gen crypto media outlet that champions free speech, focusing on genuine crypto content and education. The overall crypto landscape is at the beginning stages. Still, by the time the next crypto bull market hits, the quality of crypto awareness and education will be much higher than it has been, which will set the stage for crypto to reach its full potential. 

Crypto Regulation 

The second step to achieving crypto's full potential is regulation. It ties into the first step because regulators must know about crypto to write reasonable regulations. Institutional investors also need to be aware of and educated about these regulations. As we've seen, regulators worldwide are both aware of and educated about crypto for the most part. This is fortunate or unfortunate, depending on the jurisdiction in question. 

It's becoming clear that some are pushing for pro-crypto regulations while others are pushing for anti-crypto regulations. Believe it or not, any crypto regulation will benefit the crypto market if it doesn't involve an outright ban. This is just because investors, notably institutions, will finally have some guidance about what they can and can't do with crypto in their country. And once these investors and institutions get involved, you can bet that they will lobby to improve crypto regulations to suit their needs better. 

The crypto industry has already been lobbying but with mixed results. By contrast, Fidelity privately lobbied the SEC to approve a spot Bitcoin ETF in September 2021. For context, Fidelity is one of the largest asset managers in the world. It was arguing with an anti-crypto regulator behind closed doors, which is highly bullish. 

In retrospect, it's possible that Fidelity's lobbying is why Black Rock became encouraged to file for a spot Bitcoin ETF in June 2023. More importantly, Fidelity's past lobbying and Black Rock’s present SEC filing suggest that these lobbying efforts will only increase. This will ultimately be a net benefit to the crypto market. 

Institutional Investment

The third step to achieving crypto's full potential is investment from institutions and high-net-worth individuals. Of course, these entities hold most of the world's wealth. This is a consequence of having currencies whose supply is manipulated by people in power. Like all investors, institutions and high-net-worth individuals ultimately want to maximize their returns. As it happens, Bitcoin’s BTC is estimated to be the best-performing asset of all time, from an initial price of $0.09 to all-time highs of over. $69K, BTC has pulled a 760,000X return. 


Image source: Bitcoin’s Price History

Like all assets with such high returns, BTC’s returns will likely diminish over time, but it will still ostensibly outperform most other assets for the foreseeable future. This fundamentally depends on how much BTC we'll see in inflows. Although this is impossible to predict, there is one benchmark to remember; 

BTC is considered by many investors, including Black Rock, to be digital gold. As a result, it's generally believed that BTC’s market cap will someday be similar to that of gold. Now, gold's market cap currently sits at around $13 trillion. BTC's market cap is currently sitting at approximately $500 billion. So, BTC catching up to gold would mean a 26X increase in its price. This would translate to a BTC price of around $670,000. 
 
Interestingly, BTC’s peak price of $69K put its market cap at around $1.3 trillion, around 10% of gold's total market cap. This assumes that BTC is analogous to digital gold. Some have argued that BTC has additional value since Bitcoin is technically the most secure network in the world. It makes it the ideal base for other ecosystems, including payments, which the likes of the Lightning Network can support. On the topic of payment networks, smart contract cryptocurrencies are the ones that will capture this market share. It means that they could someday displace payment processors and other financial intermediaries. 

The total market cap of these financial intermediaries is over $2 trillion. Given that the market cap of Ethereum’s ETH is currently around $200 billion, matching analogous companies would mean a 10X increase in price. It translates to an ETH price of over $15K, but this likewise assumes that Ethereum is just a payments network; it is obviously much more than that. As such, one could argue that Ethereum is still near the beginning of its adoption curve. 

Crypto Adoption

The fourth step to achieving crypto's full potential is adoption. For reference, it's estimated that less than 5% of the world currently holds crypto. This implies that should more people choose to hold crypto, its price should have excellent upside potential. However, holding crypto is not the same as using crypto. Holding it constitutes investment effectively, whereas using it is actual adoption. 

On-chain data for the largest cryptos suggests there are only a few million daily users, a mere fraction of the world's population. Therefore, potential gains are even more significant than expected by merely extrapolating hodlers. For those unfamiliar, there are ultimately three reasons why people adopt crypto. The first is for profit, the second is for fun, which is very much intertwined with the first reason, and the third is out of necessity. This third reason has resulted in most of the actual crypto adoption. 

For example, 50% of Nigeria's population uses crypto daily, primarily because the government can't be trusted. This phenomenon is not unique to Nigeria; it's an accelerating trend worldwide. Considering that most central banks are currently rolling out Central Bank Digital Currencies (CBDCs), it becomes easy to imagine a world where the average person starts looking for alternatives to a digital currency controlled by institutions they don't trust. 

The demand for such alternatives is already increasing among some governments. The so-called Global South is looking to move away from the US dollar, and some reports suggest that crypto could be a part of their escape plan. Some countries already use crypto for international trade, and Russia is considering mining its own crypto. 

So, just like the adoption process at the individual level, the adoption process at the national level will eventually involve nations and national activities. Using crypto for things like international trade will become more accessible to the average country. At the same time, the tendency to weaponize fiat currencies will be increasing, and this will increase the demand for credibly neutral currencies. Decentralized cryptos like BTC could play a key role. 

Crypto Innovation

Crypto Adoption will ultimately depend on the progress of crypto innovation, the fifth step to achieving crypto’s full potential, particularly around user experience and privacy. Logically, it will be hard for individuals and institutions to adopt crypto in any meaningful way if they need to struggle with hardware wallets. 


Image source: Coursera.org

Significant developments have been on this front, the most notable of which is the gradual merging between hardware and software. It might sound bizarre, but a crypto phone like Solana Saga could solve crypto wallet User Interface (UI) and User Experience (UX). It's not just wallets, either. A lot of innovation is happening at the blockchain level. 

For instance, Ethereum’s EIP 4337 upgrade from earlier this year will allow any phone to have crypto phone-type properties, mainly hardware wallet-level security. It will also make it possible to create dApps with no gas fees or, rather, dApps where the user doesn't have to pay the gas fee. 

Constantly checking and accounting for transaction fees is another considerable hurdle to crypto adoption, which many crypto projects attempt to overcome. This will require entirely new approaches, such as charging crypto users monthly subscription fees to use a blockchain rather than charging them for every individual transaction. Of course, some of these approaches will require entirely new types of hardware, like more interactive hardware wallets.

Crypto Privacy

Crypto privacy is another niche to watch out for. Privacy in crypto has been a touchy subject. In one respect, crypto transparency is a huge advantage. At the same time, some degree of privacy is required for financial freedom, and high-net-worth individuals demand it. When it comes to the incessant third hand of government, there's a desire to exploit crypto’s transparency to track transactions and label any crypto privacy attempts as inherently encouraging criminality. 

For the crypto industry, balancing transparency with privacy presents a challenging problem. Zero-knowledge proofs have emerged as one potential solution to this problem, but they come with other problems. The primary one is ensuring that these zero-knowledge technologies don't have secret back doors. Thankfully, this is an issue that can be addressed.


Image Source: Developers:Circle.com

Regardless, the problem of balancing transparency with privacy is closely related to the problem of identity. Countries are pushing for digital IDs, and global regulators want to see these digital IDs integrated with cryptocurrency. The crypto industry has been working on its own supposedly decentralized digital ID solutions; however, these digital ID Solutions are just as centralized as the ones from governments. What's needed is a truly decentralized digital ID. 

There haven’t been any significant developments yet; however, the innovations around wallets and privacy continue rapidly and should be in place by the time the next crypto bull market comes around. This will further facilitate crypto investment and adoption at individual and institutional levels. 

Decentralization

Cryptocurrency's final step to achieve its full potential is complete decentralization. Without decentralization, everything that I just mentioned is off the table. That's because if crypto is centralized, it can be controlled, and if it can be controlled, it'll end up like our existing systems—news flash: Crypto's entire purpose is to replace our current systems with something better, starting with our monetary and financial systems. Naturally, the technology that underlies crypto is compelling. The only way it won't fall into the wrong hands is if it's genuinely decentralized. 

This article illustrates that decentralization means more than having many validators or miners. It means having a decentralized developer base, a decentralized coin or token distribution, a decentralized infrastructure layer, and a decentralized blockchain. Ultimately, this also means having a truly decentralized internet. 

Luckily, the Internet is somewhat decentralized and will likely become more decentralized as peer-to-peer Internet crypto projects like Helium see more investment and adoption. This also pertains to Markethive as it strives to decouple from all centralized entities prevailing as a tour de force in its next-gen social market broadcasting media niche. This adoption is necessary due to internet censorship

Currently, most cryptocurrencies are arguably not decentralized enough to evade control. It stands to reason, then, that these cryptocurrencies will not be the ones that make it. In other words, if you hold centralized cryptos, you're not early; you're late, very late. That said, this depends on whether the centralized cryptos you currently hold can become decentralized. To figure this out, you must ask one question: Is this crypto capable of building its own infrastructure and ecosystem without relying on a single set of individuals or institutions? 


Image Source: X – The DeFi Edge

Crypto Funding

The answer for most cryptos is no; however, that's not entirely their fault. One perspective is that one of the primary reasons why so many cryptos are so centralized is because of funding. Early investors in crypto projects want to see returns and often try to control the project to that end. This incentivizes crypto projects to cut corners on decentralization to ensure their investors are quickly rewarded. As we've seen, these so-called VC coins have seen the most aggressive pump-and-dump cycles, and most of them probably won't last past the next crypto cycle. 

The silver lining to this situation is that it fully displays the solution to the crypto centralization problem. The crypto industry needs to find a way to fund crypto projects in a more decentralized manner. 


Image by Markethive.com

Decentralization of Social Market Networks

Markethive is the ecosystem for entrepreneurs and a crypto project with the solution to top-level control issues, whether it be funding or the systems driving it. It is a decentralized, limited AI-secured rating and reputation system that is self-policing and a Human Intelligence (HI) that fosters a healthy level of meritocratic interaction. The community solely funds it with no prominent venture capitalists. The people are building it; it is of the people and for the people, so the community will profit, sharing the prosperity and abundance of every level of humanity.

It also creates a breeding ground for positive, creative, and beneficial content in which people's minds are prompted toward positive growth and critical thinking. Markethive is beyond its crypto wallet and Hivecoin release milestones, disengaging unreliable APIs and implementing multiple servers in preparation for its mining hives that give peace of mind—making it an impenetrable fortress against what has become a jungle, and a cesspool of fraud, scams, data harvesting, political bias, and dystopia. 

This divinely inspired project is all part of the Web 3 or 3rd generation Internet, which has emerged as a movement away from the centralization of services. Markethive is here for the rank and file with entrepreneurial aspirations at little to no cost to join. The all-encompassing social market broadcasting network delivers financial sovereignty, freedom of expression, privacy, and autonomy. We have entered into the much-needed world of decentralization, where the cancel culture is no longer an existential threat.  

At the time of writing this article, we are perfectly positioned to take advantage of the opportunities that are coming. Markethive, with its Hivecoin (HVC), will be poised for the next crypto bull run and participate in the facilitation of crypto achieving its full potential, where we’ll see HVC firmly established as a coin with purpose and utility in the free market. Do you want to be part of the decentralization revolution? Today, become an ‘Entrepreneur One’ and reap the rewards of Markethive’s ILP and revenue returns.  

May God bless and uphold you for all eternity…

 

Tim Moseley

Gold silver down amid bearish daily outside markets

Gold, silver down amid bearish daily outside markets

Gold and silver prices are down near midday U.S. trading Monday. A firmer U.S. dollar index and a slight rise in U.S. Treasury yields to start the trading week are bearish outside market forces for the metals markets. Both metals have also seen their near-term chart postures deteriorate recently, especially in silver. That’s inviting fresh technical selling. Gold and silver bulls are hoping for some friendlier fundamental news with this week’s batch of important economic data. February gold was last down $16.20 at $1,998.20. March silver was last down $0.226 at $23.04.

U.S. stock indexes are slightly up near midday. It’s a quieter start to the trading week, but at mid-week the Federal Reserve will announce its latest monetary policy meeting (FOMC) results. Key U.S. inflation data is also due out this week. The European Central Bank holds its regular monetary policy meeting Thursday.

Traders this week will also keep a closer eye on big U.S. Treasury bond and note auctions on Monday and Tuesday. The U.S. government will sell over $20 trillion of its debt this year. Some market watchers wonder how much longer the U.S. can keep selling more and more of its debt to the marketplace, without serious disruption.

The key outside markets today see the U.S. dollar index slightly higher. Nymex crude oil prices are near steady and trading around $71.00 a barrel. The yield on the benchmark U.S. Treasury 10-year note is presently fetching 4.26%.

Technically, February gold futures prices hit a three-week low today. The bulls still have the slight overall near-term technical advantage but are fading fast. Prices are still in a two-month-old uptrend on the daily bar chart. Bulls’ next upside price objective is to produce a close above solid resistance at $2,075.00. Bears' next near-term downside price objective is pushing futures prices below solid technical support at the November low of $1,955.40. First resistance is seen at today’s high of $2,023.70 and then at the October high of $2,039.70. First support is seen at $1,990.00 and then at $1,975.00. Wyckoff's Market Rating: 6.0

March silver futures prices hit a three-week low today. The silver bulls have lost their overall near-term technical advantage. A two-month-old uptrend on the daily bar chart has been negated. Silver bulls' next upside price objective is closing prices above solid technical resistance at $25.00. The next downside price objective for the bears is closing prices below solid support at the October low of $21.17. First resistance is seen at $23.50 and then at $24.00. Next support is seen at $23.00 and then at $22.75. Wyckoff's Market Rating: 5.0.

March N.Y. copper closed down 385 points at 379.20 cents today. Prices closed nearer the session low today. The copper bulls still have the slight overall near-term technical advantage. Prices are in a seven-week-old uptrend on the daily bar chart. Copper bulls' next upside price objective is pushing and closing prices above solid technical resistance at the December high of 393.30 cents. The next downside price objective for the bears is closing prices below solid technical support at the November low of 362.60 cents. First resistance is seen at today’s high of 383.60 cents and then at Friday’s high of 386.40 cents. First support is seen at today’s low of 377.55 cents and then at last week’s low of 372.90 cents. Wyckoff's Market Rating: 5.5.

By

Jim Wyckoff

For Kitco News

Contact jwyckoff@kitco.com

www.kitco.com

Time to Buy Gold and Silver

Tim Moseley

The Artist that came out of the Winter