Gold Price News: Gold Eases Lower, Finds Support Below $2,290
Gold News
Market Analysis
Gold prices eased lower on Thursday, giving up the previous day’s gains, although prices came back up off the lows to finish down around 0.7% day-on-day.
Prices fell as low as $2,286 an ounce before climbing back to around $2,304 an ounce later in the day. That compared with around $2,322 an ounce in late deals on Wednesday.
Gold prices underwent successive moves lower this week as prices pulled back from highs of over $2,400 an ounce seen in mid-April.
KAU/USD 1-hourly Kinesis Exchange
US initial jobless claims figures released Thursday came in at 208,000 in the week to April 27, showing only a slight reduction against forecasts of 212,000. Meanwhile, US factory orders for March rose by 1.6% from February levels, in line with market expectations.
The figures provided little convincing momentum in either direction, leaving gold to find tentative support at around the $2,290 an ounce level.
The US dollar fell against other major currencies through the afternoon after an earlier push higher, and this may have helped gold to climb back up off the lows on Thursday afternoon. Yields on US 10-year treasuries also fell later in the day, providing a supportive element for gold.
That said, gold continues to fight a headwind now that markets are broadly expecting US interest rates to stay on hold at least until the autumn, reducing the appeal of assets that don’t earn a yield.
Looking ahead, the markets will be watching out for Friday’s US non-farm payrolls, unemployment rate and ISM Services PMI figures, all of which relate to April, for the latest health check on the US economy.
Wall Street joins Main Street in the bear cave for next week as gold’s price momentum wanes
The gold market had plenty to digest this week, with manufacturing and services sector data, nonfarm payrolls, and the FOMC rate decision, and while precious metals prices did see a boost from the Fed that effectively ruled out a hike and left room for a cut in Q2, the overall trajectory was down as Asian demand cooled somewhat and Mideast tensions fell off the front pages altogether.
After opening the week above $2,335 per ounce, spot gold twice failed to hold above $2,340 on Monday, and by the afternoon, it had begun its steady slog downward, hitting a weekly low below $2,283 at exactly noon Wednesday.
Then positive momentum returned to the market, and the release of the Federal Reserve’s interest rate announcement and Fed Chair Powell’s press conference in the afternoon launched gold back above $2,325 per ounce.
But after a second attempt to breach that level, bullish momentum dissipated once again, and markets saw gold slide back down to support around $2,300 per ounce, where apart from the occasional test of $2,290, it languished for the rest of the week.
The latest Kitco News Weekly Gold Survey has experts as pessimistic as they’ve been in some time about gold’s near-term prospects, while most retail traders still see gold prices falling or chopping sideways.
FXTM Senior Research Analyst Lukman Otunuga said the signals are bearish for bullion in the coming days. “Gold prices are flashing red, surrendering initial gains from the downbeat US jobs report,” he noted.
Adrian Day, President of Adrian Day Asset Management, was among those who still believe in gold for the coming week.
“Gold’s resilience in the face of delays in cutting rates, by the Federal Reserve primarily as well as some other central banks, is powerful and telling,” Day said. “Whoever is buying gold – and we know that it is primarily global central banks and Chinese savers – is buying for reasons other than the traditional macro-economic factors that would lead to a higher gold price. This buying is largely price agnostic, and likely to continue.”
Marc Chandler, Managing Director at Bannockburn Global Forex, sees the balance of near-term trading tilted to the downside next week, as he expects to see Asian demand dialing back.
“Gold consolidated in recent days and the key issue is whether it is a consolidation pattern or a bottoming formation,” he said. “I suspect the yellow metal can have another leg lower toward $2250-60.”
Chandler said improved support for the yuan may further soften Chinese retail demand for gold. “Also note that HK stocks and mainland stocks that trade in HK have exploded for the past week and a half and this may reduce the urgency of seeking the safety of gold for some investors,” he added. “The recovery of the yen may also slow the local demand.”
For his part, Adam Button, Head of Currency Strategy at Forexlive.com, expects Chinese demand to pick up after domestic traders return in force.
“China is back from holiday next week and will likely resume buying,” he said.
This week, 15 Wall Street analysts participated in the Kitco News Gold Survey, and after two weeks of downward consolidation, most see gold sliding further in the near term. Only four experts, or 27%, expected to see gold prices climb higher next week, while five analysts, representing 33%, predicted a price drop. Six experts, or 40% of respondents, see gold continuing to trade sideways.
Meanwhile, 217 votes were cast in Kitco’s online poll, with only a minority of Main Street investors expecting prices to move higher in the near term. 102 retail traders, representing 47%, looked for gold to rise next week. Another 61, or 28%, predicted it would be lower, while 54 respondents, or 25%, expect the precious metal to trend sideways in the week ahead.
Next week will be among the lightest of the year for economic data releases. The main highlights, such as they are, will be Wednesday’s 10-year bond auction, the Bank of England’s monetary policy decision and the Treasury’s 30-year bond auction on Thursday, and the Friday release of Preliminary University of Michigan consumer sentiment.
Chandler noted the absence of major indicators on the docket for next week, and said he’ll be watching the sovereign bond market for clues on the market’s potential direction. “After the FOMC and jobs data, next week looks quiet, but large Tsy supply with bills and quarterly refunding,” he said.
Darin Newsom, Senior Market Analyst at Barchart.com, was reflecting on this week’s bumper crop of economic indicators.
“I don't think we learned anything we didn't already know about the U.S. economy,” Newsom said. “The key takeaway for me this week is that the monthly employment data is strictly for entertainment purposes, and not information. It's just hilarious to watch it come out every month and be hundreds of thousands off from the quote-unquote experts’ opinions on what it should be.”
“It’s a very high-profile game of pin the tail on the donkey, and nobody plays it very well.”
Newsom said that other things are revealing the true state of the economy. “There are some cracks showing up in the U. S. economy, finally, that haven't been in place for quite some time,” he said. “We saw Starbucks earnings come in, and what was interesting about Starbucks is it wasn't just sales were down because of the higher price of the commodity itself, given the recent rally in coffee. It was actual sales, people in the door that were down. U.S. consumers might actually have started to change some of their habits and cutting that six- to eight-dollar cup of coffee out every morning.”
Another sign that the U.S. consumer may be weakening was the steep decline in demand for boxed beef last month. “We saw a sharp drop-off there at a time when these markets usually are going up as retailers are buying ahead of the summer grilling season, the biggest demand time of the year,” Newsom said. “Are U.S. consumers finally starting to tighten the belt after years of everyone telling them how terrible the situation was? Have they finally started tightening the belt to where they're cutting out that cup of coffee every day, where they're not buying the expensive cuts of meat?”
“These to me were the two key things that we saw this week,” he said. “Everything else just fit with what we already knew: there's still inflation, both sides of the aisle are going to argue, it's bullish, it's bearish, whatever. But our reads on what some of these key consumer markets are doing, I think it's more important.”
As for what all this means for the gold market, Newsom sees some exhaustion on the side of the bulls, which he thinks is understandable given gold’s recent run-up.
“June gold is close to finishing off its short-term downtrend midday Friday,” he said. “This means a bullish technical reversal is possible either today or Monday. The market is technically oversold short-term as well.”
“The short-term downside target is still $2,268 with June sitting near $2,300 Friday.”
Newsom compared gold’s current position to another popular commodity. “I certainly can't make a nice hot cup of it, but to me, it reminds me of cocoa,” he said. “Cocoa ran up so high on fundamental factors that it ran out of buyers and has collapsed.”
“Gold went to new all-time highs,” Newsom noted. “And while there's always going to be Middle East tension, there's always going to be some sort of currency questions around the world, and inflation hasn't gone away, it simply ran out of buyers. There was a vacuum underneath the market, which is why when it finally gave some short-term technical signals that were bearish, it certainly seems to be what's played out [earlier this week].”
He underlined, however, that there are still plenty of medium and longer-term factors supporting gold demand.
“We still have inflation,” he said. “It still looks like interest rates are going to be cut at least once this year, that should weaken the U.S. dollar and should create more of an inflationary environment. And the Middle East isn't going away. As I've said for quite some time, the closer the U.S. gets to its next election, the more chaos around the world we're going to continue to see in hopes of swaying the election one way or the other. So gold's still going to be the play. I think it's going to find some buyers down here, I think the algorithms are going to kick back in.”
Taking all of this into account, Newsom said that the long-term outlook for gold hasn't changed. “It's still probably the best hedge against everything that's going on,” he said. “It just needed to take a breather and hit a vacuum where there wasn't as much buying interest.”
And Kitco Senior Analyst Jim Wyckoff said the technical picture still supports high gold prices next week. “Steady-higher as charts remain overall bullish,” he said.
Spot gold last traded at $2,301.56 per ounce at the time of writing, down 0.10% on the day and down 1.56% on the week.
Imagine your success and make it a reality with these powerful ways. No one does not have lofty goals. We all have the same goal: to achieve success. Perhaps you are able to see the endless possibilities that lie before you, waiting to be tapped into. Embrace the potential within you, harness your strengths, and let determination guide you toward the fulfillment of your ambitions.
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A VISION FOR SUCCESS
Imagine you're on a big stage, receiving a major award or prize while the world watches in amazement. See yourself as a successful businessperson, making important deals and shaping the future. Picture yourself as a top athlete, reaching new heights and breaking records. To achieve these dreams, use visualization to drive yourself towards success. Whether it's winning an Olympic medal or reaching your first million dollars, hold onto the confidence of your vision and see your dreams come true
IT IS NOT ENOUGH IMAGINE YOUR SUCCESS AND MAKE IT A REALITY
It is not enough to simply have the desire to be successful. If you want to be successful, you need to be able to taste it. Imagine that you are being offered that promotion, that your friends and family are congratulating you, and that you are looking at your brand new business cards.
Your success should be as concrete and specific as you possibly can make it. In what ways does it feel good
Discovering your own particular success trigger can be an effective method for maintaining momentum and keeping your energy levels up through the process. You should jot down your most important objective, whether it is to establish your own company, win an Oscar, or receive a scholarship. You should make it a statement that is upbeat, direct, and succinct. One example would be to say, “I will be promoted to Vice President the following year.
Imagine your success and make it a reality
On a daily basis, you should review your trigger statement. Perhaps you could use it as the wallpaper on your computer or as the lock screen on your smartphone. The famous actor Jim Carrey is credited as writing himself a check for ten million dollars that was dated a very long time in the future when he was a young actor attempting to make it big.
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Keep that tale in mind whenever you come across your trigger statement, and think about how satisfying it will be to accomplish what you have set out to do.
YOUR DREAMS CAN FEEL MORE REAL WITH VISION BOARDS
Your dreams can feel more real with vision boards. You can make a mental picture of the life you want using photos, affirmations, and quotes. You can create a vision board with a whiteboard, poster, Pinterest board, or journal. Keep it where you can see it every day. Add to it whenever you want, with new photos or quotes that inspire you.
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Gold Price News: Gold Falls Sharply Below $2,300 as US Data Points to Inflation
Market Analysis
Gold prices saw a sharp sell-off on Tuesday, pushing prices to their lowest level for a week, as economic figures pointed to high inflation, indicating lower chances of interest rate cuts any time soon.
It was one-way traffic on Tuesday with prices consistently moving lower through the day, falling as low as $2,294 an ounce. That compared with around $2,335 an ounce in late deals on Monday – a loss of roughly $40 in a single day. The sharp slide has taken prices back to levels last seen on April 23.
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Euro Area GDP figures for Q1 came out on Tuesday showing stronger than expected growth, both on a quarter-on-quarter and year-on-year basis. Compounding this, the US employment cost index for Q1 released later in the day also came in above forecasts. Taken together, the latest figures indicate relatively high inflation, and this strengthens the argument for central banks maintaining interest rates at current levels.
The markets have been dialling back bets on the US Fed’s expected start of interest rate cuts taking place as soon as June. The latest figures from interest rate traders shows that bets are roughly 50-50 on a continuation of existing rates in September or a cut. A slightly stronger majority favour the first cut in November. The US Fed’s FOMC is set to meet May 1, followed by subsequent meetings in June, July and September.
Eventual interest rate cuts are seen as supportive for gold prices because they reduce the opportunity cost of holding non-yield-bearing assets like gold and silver.
Looking at a one-month gold price chart, Tuesday’s drop could prove significant if trend line support fails to hold at around $2,300 an ounce, which was the recent low seen on April 23.
Looking ahead, the markets will be watching out for Wednesday’s US ISM manufacturing PMI figures for April and JOLTs job openings numbers for March, as well as keeping an eye out for any signals from the US Fed’s meeting and subsequent press conference.
Have you ever wondered about the power that lies within the natural world around us, the same world we often take for granted? What if I told you that some of the most potent remedies for your health may not come from a pill bottle, but from nature itself? Welcome to a journey of discovery where we explore the transformative potential of natural remedies. A journey that begins with something as simple and comforting as a cup of herbal tea. From the calming effects of chamomile to the invigorating kick of ginger, these natural brews have long been known to soothe the body and mind, providing relief from stress, aiding digestion and boosting the immune system.
Then there are the aromatic wonders of essential oils. These potent extracts from plants, flowers and herbs can be inhaled, applied topically, or even ingested for various health benefits. Think of the calming scent of lavender, the invigorating aroma of peppermint, or the respiratory support provided by eucalyptus. And who can forget the age-old wisdom of traditional medicine systems? From Chinese herbs to Ayurvedic concoctions, these remedies have been revered for centuries for their ability to heal and restore balance within the body.
The Power of Nature's Bounty
But the power of nature doesn't stop there. The foods we eat – fresh fruits, vegetables, nuts, and seeds – provide essential vitamins, minerals, and antioxidants that support our overall health and well-being. A diet rich in whole, unprocessed foods can:
And what about the mind and spirit? Practices like yoga, meditation, and spending time in nature can reduce stress, improve mental clarity, and foster a deeper connection with the world around us. Even self-care can be a natural affair. Herbal baths, homemade skincare, and natural massage oils – these simple pleasures can rejuvenate both body and soul and bring a touch of luxury to everyday life.
"Nature itself is the best physician." – Hippocrates
Embracing the Wisdom of Traditional Medicine
Traditional medicine systems, such as Traditional Chinese Medicine (TCM) and Ayurveda, have been around for thousands of years. These ancient practices view health and wellness through a holistic lens, considering the interconnectedness of the body, mind, and spirit.
Traditional Chinese Medicine
TCM focuses on restoring balance and harmony within the body using a variety of techniques, including:
Herbal medicine
Acupuncture
Cupping therapy
Qigong
Dietary therapy
Ayurveda
Ayurveda, the traditional medicine system of India, emphasizes the importance of maintaining balance between the three doshas – vata, pitta, and kapha. This balance is achieved through:
Herbal remedies
Massage therapy
Yoga and meditation
Dietary guidelines based on individual constitution
By incorporating the wisdom of these traditional medicine systems into our modern lives, we can tap into the healing power of nature and promote optimal health and well-being.
The Importance of Self-Care
In our fast-paced, stress-filled lives, self-care has become more important than ever. Fortunately, nature provides us with an abundance of tools and resources to help us relax, recharge, and rejuvenate. Some simple, natural self-care practices include:
Taking a warm bath infused with healing herbs like lavender, chamomile, or epsom salts
Creating homemade skincare products using natural ingredients like coconut oil, shea butter, and essential oils
Giving yourself a relaxing massage with natural oils like jojoba, almond, or grapeseed oil
Practicing mindfulness and meditation in nature, surrounded by the soothing sights, sounds, and scents of the outdoors
By incorporating these self-care practices into our daily routines, we can reduce stress, improve our mental and emotional well-being, and cultivate a deeper sense of connection with ourselves and the world around us.
Unlocking the Secrets of Nature
To summarize, the journey to optimal health doesn't always require a prescription. Sometimes all it takes is turning to the natural world with its abundance of healing herbs, nourishing foods, and restorative practices. By embracing the power of herbal teas, essential oils, whole foods, traditional medicine systems, and natural self-care practices, we can unlock the secrets of nature and discover a healthier, happier version of ourselves.
So why not embark on your own journey of discovery? Explore the transformative potential of natural remedies, and experience firsthand the incredible healing power that lies within the natural world. Because sometimes the best remedies are not those created in a lab, but those crafted by Mother Nature herself.
Gold Futures Tumble Below $2,300 as Traders Brace for Fed's Hawkish Pivot
Gold Futures Tumble Below $2,300 as Traders Brace for Fed's Hawkish Pivot teaser image
Gold futures prices plummeted on Tuesday, dipping below the crucial $2,300 per ounce level, as traders braced for a potential hawkish shift from the Federal Reserve in its upcoming policy decision. The precious metal, often viewed as a hedge against inflation, came under intense selling pressure amid concerns that the central bank could strike a more aggressive tone on future rate hikes.
As of 5:15 PM EDT, gold futures for the most active June contract traded $60.50 lower, or 2.57% down, settling at $2,297.20 per ounce. The sharp decline in prices reflects genuine apprehension among market participants that the Federal Open Market Committee (FOMC) meeting might conclude with a notable change in language regarding inflation and monetary policy.
Traders widely anticipate that Federal Reserve Chairman Jerome Powell will deliver a much more hawkish press conference, potentially signaling a slower pace of rate cuts or even a pause in the central bank's easing cycle. This sentiment gained traction after Powell recently acknowledged that current levels of inflation would require more time to achieve the 2% target, stating, "Inflation has eased over the past year but remains elevated."
Market observers expect Powell to highlight the recent strong economic indicators, including the core Personal Consumption Expenditures (PCE) index for March and the robust Gross Domestic Product (GDP) numbers. These data points could prompt the Federal Reserve to adopt a more cautious approach toward upcoming rate cuts, diverging from earlier expectations of more aggressive easing.
The latest inflation data revealed that the headline Consumer Price Index (CPI) rose 3.5% year-over-year in March, while the core rate of inflation, excluding energy and food costs, advanced to 3.8% annually. This development could significantly alter the Federal Reserve's stance on the number and timing of rate cuts this year. Initially, the Fed had projected three quarter-point rate cuts through a series of moves, but market participants now anticipate only one or two smaller cuts, potentially occurring later in the year.
According to financial experts, the FOMC's potential shift in language regarding inflation and monetary easing bears significant implications for the markets. An acknowledgment of sustained high inflation rates could dampen hopes for imminent rate cuts, altering investment landscapes and risk assessments. If the FOMC opts to reduce the cap on Treasury balance sheet run-off, this could be interpreted as a cautious step towards tightening, albeit less aggressively than an outright rate hike.
The prospect of a more hawkish Federal Reserve, combined with the prevailing dollar strength, has exerted downward pressure on gold prices, driving futures below the critical $2,300 per ounce level. As traders await the FOMC's decision, the precious metal's trajectory will likely hinge on the central bank's assessment of inflation risks and its subsequent policy adjustments.
Blugenics and Markethive Are Shaping the Future of Health with Gaditana Original Phytoplankton
The Genesis of Blugenics and the Historical and Ecological Significance of Phytoplankton
Blugenics: Pioneering the Power of Phytoplankton
In today's health-conscious society, the pursuit of wellness has led to a surge of interest in nutritional supplements. Essential foundational nutrition is missing from many modern diets, where foods lack nutrients from depleted, fertilizer-dependent soils. Forever chemicals in manufactured foods, daily stress, and other factors impair digestion, and the flora that make up the microbiome in the human gut exacerbate this situation.
Blugenics has revolutionized the field of nutrition with its innovative approach and expertise. The unique power of Gaditana Original phytoplankton is delivering life-altering results that have sparked a new era of excitement and well-being in the lives of its consumers. Blugenics is committed to providing the highest standards of quality and purity, instilling a sense of hope and optimism in an ailing population.
Today, we delve into the history of Blugenics and the ocean’s superfood, phytoplankton. The breakthroughs emerging from phytoplankton and algae are among the most promising advancements in human and pet health. Blugenics is leading the way in this exciting new frontier, harnessing marine phytoplankton's potential as a nutritional powerhouse, enlightening and informing health-conscious individuals of its significance in shaping the future of health and wellness.
About Blugenics
David Hunter, the founder and president of Blugenics, was introduced to phytoplankton in British Columbia, where Tom Harper, who used about 200 strains, did the original work. In July 2005, David discovered the remarkable health benefits of Marine Phytoplankton, initially intended as shellfish nourishment. He was inspired to share this discovery widely by witnessing both a coworker's and his own dramatic health improvements, including the end of chronic migraines and allergies.
David further investigated this pure source of nutrition, stating, “We needed a consistent product—like a strain of tomatoes.” Blugenics settled on Nannochloropsis Gaditana Lubian, a holistic subspecies that Professor Carlos Lubian identified in 1997 off the coast of Spain.
As David reported, “This native strain of phytoplankton is an ancient original heirloom seed plant. It grows so fast in three months; it’s thick like vibrant green ketchup. Each tiny plant looks like a green globe. It swims and has an intelligence. It is dead but alive.”
This unique description of Gaditana Original phytoplankton sets it apart from other nutritional supplements, making it a compelling choice for health-conscious individuals.
The phytoplankton are monitored for safety and lack of contamination, as it becomes a freeze-dried extract with only 2% moisture. “It is like a pancake, which we break and then put into a grinder to create the powder.”
Gaditana, a select strain of Phytoplankton, held great promise, but its path to commercialization needed to be more explicit, primarily due to regulatory roadblocks. Overcoming these challenges required six years of unwavering commitment and investment before the product could finally be brought to market.
The initial breakthrough came when a pharmacist, who was initially skeptical, was won over by the product's effectiveness in alleviating his acid reflux without the need for medication. This personal experience convinced him to stock the product across all his stores, marking the beginning of the product's widespread acceptance and growth. The next step was introducing this natural health supplement to a larger audience, including people and their pets, hoping to benefit thousands of lives.
David Hunter emphasizes, “The future of the planet is bright.” He explains, “We are futuristic farmers growing vitamins, protein, antioxidants, and oxygen. Our product goes from sea to stomach; we grow the product with minimal impact on the ecosystem. We are a phytoplankton company, not a supplement company.”
David is initially expanding Gaditana Original's reach in the United States, Australia, Mexico, and the Bahamas by leveraging network marketing and personal recommendations. He has teamed up with industry experts Eric Swaim and Paul Redmayne to establish Blugenics; a company focused on cultivating this grassroots approach. The strategic partnership with Markethive further strengthens our marketing and customer acquisition efforts, ensuring a wider reach and a more significant impact.
Blugenics Growing Facility
Gaditana Original phytoplankton is cultivated in a cutting-edge facility, the only one globally endorsed under the stringent global food safety standards HACCP and ISO 22,000. Blugenics has obtained authorization from Novel Food for Marine Microalgae in Europe and a Generally Recognized as Safe (GRAS) rating in the United States and Canada. This endorsement ensures the product is free from toxins and entirely safe for consumption, providing you with absolute peace of mind.
Marine culture commences with safeguarded heirloom seeds cultivated in micro-filtered ocean water in enclosed tubes to ensure zero contamination. Blugenics takes in pristine ocean water off the coast of Spain, adds phytoplankton, and moves it through a thin tube in a temperature-controlled tank just 150 meters from the ocean. Later, the pure ocean water, now with phytoplankton added, is returned to the sea.
The facility has a million-dollar, 24/7 computerized safety monitoring system, backup daily manual checks, and a proprietary technique to maximize nutritional output. Blugenics is the exclusive grower of Gaditiana Original and boasts an in-house laboratory.
Blugenics is taking a proactive stance in preserving the health of our planet by ensuring that its operations do not harm the environment. This mindset is crucial for mitigating the negative impact on the Earth, home to a diverse range of species, including tiny phytoplankton, millions of animals and plants, and humankind. By adopting these practices, Blugenics sets a precedent for other companies to follow and contributes to a healthier future for us and our planet. This commitment to sustainability resonates with eco-conscious readers, making Blugenics a brand they can trust.
What Are Marine Phytoplankton?
The sea's vast marine life has been a source of sustenance, excitement, and inspiration for humans for centuries. However, the existence of these creatures relies heavily on tiny, single-celled organisms known as phytoplankton that drift in immense numbers in every drop of water in the ocean's upper 100 meters. These microorganisms are the foundation of the marine food chain and play a vital role in sustaining life in the sea.
Phytoplankton, the foundation of life on Earth, has a rich history spanning over 3 billion years. These microorganisms are responsible for creating the planet's atmosphere and supporting the growth of life. The term "phytoplankton" is derived from the Greek words "phyto" (plant) and "planktos" (wandering). Phytoplankton are not just tiny ocean plants but single-celled aquatic organisms that use sunlight to generate energy through photosynthesis, much like trees and other terrestrial plants.
Although phytoplankton is a small fraction of Earth's plant life, they play a vital role in aquatic ecosystems, supporting food chains in marine and freshwater environments. These tiny organisms are remarkably productive, producing half of the world's oxygen and contributing to 50% of global photosynthesis.
Their fossilized remains, deeply buried and compressed by the earth's geological processes, transform oil, a rich, carbon-based liquid that powers our vehicles. Moreover, studies indicate that they significantly contribute to the carbon dioxide cycle between the atmosphere and biosphere, thereby regulating Earth's climate.
Global distribution of ocean phytoplankton – NASA
Opacity indicates the concentration of the carbon biomass. In particular, the role of the swirls and filaments (mesoscale features) appears important in maintaining high biodiversity in the ocean.
The Power Of Gaditana Original
Gaditana Original phytoplankton is a specific Atlantic Ocean Marine Phytoplankton and a nutritional powerhouse. It is rich in diverse essential nutrients, including omega fatty acids, vitamins A, C, D, and K, beta carotene, antioxidants, calcium, magnesium, selenium, iron, protein, and dietary fiber that supports healthy digestion. This microalgae contains all the necessary nutrients required to create and maintain cells, making it an optimal food source for those looking to boost their overall health and well-being.
Marine phytoplankton also offers a wealth of essential nutrients our cells require for optimal metabolic function. Its bioavailability is exceptionally high, with a 100% absorption rate. The cell wall is rapidly digested, allowing its nutrient-rich content to be quickly assimilated into the body. Furthermore, it bypasses the liver and enters the bloodstream directly, making it readily available for the body to utilize promptly.
Marine phytoplankton is rich in chlorophyll and various plant pigments, known as phytochemicals, which work together harmoniously as antioxidants. These antioxidants are accompanied by other nutrients, including astaxanthin, canthaxanthin, and zeaxanthin, as well as a diverse array of carotenoids.
Marine phytoplankton's appeal lies in its dual nature as a nutritious food and a natural energy source, not as a supplement or medication. It provides an instant energy boost, boasting 400 times the energy of any known plant. Its exceptional nutritional density makes it suitable for people and pets.
What sets Gaditana Original apart from the other phytoplankton you may find online?
Gaditana Original stands out from other phytoplankton options thanks to its unique origins and commitment to excellence. David Hunter, a key figure in the discovery of phytoplankton, has played an instrumental role in ensuring that the product meets the highest standards of quality and effectiveness.
He has previously created a few products for the conventional market, such as Ocean’s Alive, Karen, and Sunfood. However, he was persuaded to offer the product in tablet form for convenience. Unfortunately, he discovered that the product's effectiveness was compromised due to the addition of artificial binders and fillers during the tablet-making process, rendering it less effective. As a result, Blugenics Gaditana Original is now only available in its purest powder form.
Some phytoplankton products on the market are considered imitations or knockoffs. You can identify them by their low price. These products lack transparency, with no images of their production facilities, customer support contact information, or marketing slogans. Additionally, there is no online presence, including customer testimonials, authentic documentation, or a traceable history.
These knockoffs are cultivated in artificial seawater, and when examined under a microscope, the phytoplankton appears damaged or abused. As a result, they are unlikely to produce the desired effects.
The Gaditana Original is a one-source ingredient untouched by artificial formulations. It’s not a man-made formulation. It is considered the closest thing to the natural source of nutrition available in the market, and it is believed to contain an undiscovered peptide (protein) that re-ignites the immune system. Considering that many health issues stem from malnourishment, it logically follows that pure nourishment, such as the Gaditana Original, can counteract the adverse effects.
Customer Centricity At Its Finest
Blugenics and Gaditana Original prioritize customer satisfaction by adopting a "Product First" strategy, striving to positively impact the lives of millions through innovative health and wellness technology. You can trust in the expertise of David Hunter, the visionary behind this initiative.
Additionally, Blugenics has partnered with Markethive, a top-notch marketing arm, to showcase the products through their storefront and co-op for Gaditana Original, creating a solid foundation for success. This collaboration ensures that everyone involved can thrive.
Phytoplankton was deliberately selected and tailored to serve as the fundamental nutrient source, forming the basis of all nutrition. Its position is unassailable, and, ironically, the nutrition industry has overlooked it, given that it's the master nutrient. It's only logical that phytoplankton, as the primary source, would possess greater potency than any other supplement.
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Gold Prices Subdued as Investors Await FOMC Meeting
As of 5:30 PM EDT, gold futures based on the most active June 2024 contract are down $2.10, or -0.09%, settling at $2347.50. Today's decline would have been more significant if not for the dollar's weakness. The dollar is currently down -0.26%, taking the dollar index to 105.525. A neutral dollar would have resulted in gold losing more ground, as gold is directly paired against the dollar for value.
The Federal Reserve will commence its two-day Federal Open Market Committee (FOMC) meeting on Tuesday, concluding on Wednesday. It is widely anticipated that the Federal Reserve will leave its benchmark interest rate (fed funds rate) unchanged.
According to the CME's FedWatch tool, there is a 94.6% probability that the Fed will maintain its current rates and a 5.4% probability that they will cut rates by ¼%, which would take their benchmark rate to between 5% and 5.25%.
At the conclusion of this week's FOMC meeting, the Federal Reserve will release a statement, and Chairman Jerome Powell will hold a press conference.
According to the UBJ, "Forecasts from futures markets indicate a high degree of certainty that interest rates will remain unchanged, with only a negligible chance of a rate cut. Since July 2023, the FOMC has maintained a steady federal-funds rate target, holding it within a range of 5.25% to 5.50%. This steady stance reflects the committee's cautious approach, particularly in light of recent inflationary pressures."
However, market participants will be intensely focused on the Fed's plan regarding its balance sheet management, which is expected to draw significant attention.
Author Rahul Kumar noted, "The Fed wields influence over monetary policy not only through interest rates but also via its actions in the repo market and adjustments to the size of its balance sheet. Quantitative easing (QE), a strategy involving the purchase of large quantities of assets, injects liquidity into the financial system, while quantitative tightening (QT) involves reducing the balance sheet by allowing assets to mature without reinvestment.
Since June 2022, the Fed has embarked on a path of QT, gradually reducing the size of its balance sheet. Powell's recent indications of slowing the balance-sheet runoff signal a potential shift in strategy, with expectations of a formal plan announcement in May and a subsequent reduction in the monthly pace of balance#sheet reduction."
The Federal Reserve has been steadily decreasing assets from its balance sheet, which peaked in 2022, and decisions on QT are separate from the Fed's decisions on interest rates.
It seems likely that the vast majority of investors will await the Fed's guidance before making major decisions on their investment portfolios, including allocations to gold and U.S. equities.
Bitcoin’s movements have been unremarkable in the past week, weakly wobbling seven days after its much-awaited halving event. At press time, the Bitcoin price hovers at $63,774 after barely budging over the week. The lackluster price action came alongside a rush of money from the newly approved U.S. spot Bitcoin exchange-traded funds (ETFs).
However, a well-known crypto strategist sees an epic bull plot ahead for Bitcoin.
Why BTC Could Repeat Nov 2020 Price Eruption
Anonymous analyst TechDev took to the X micro-blogging platform to note that BTC’s two-month chart conditions indicate that the crypto market leader is about to go turbo-parabolic.
TechDev forecasts that Bitcoin will surge by more than 110%. This would mark a repeat of the November 2020 price move, when BTC rocketed from roughly $13,000 to around $29,000 within two months.
An accompanying chart highlights Bitcoin’s meteoric rallies in 2013, 2016, and 2020. During these three instances, BTC’s momentum indicator — the relative strength index (RSI) — had a bullish reading of 70.
TechDev further notes that Bitcoin’s volatility indicator, as indicated by Bollinger Band Width (BBW), bottomed out during the three times. It’s worth noting that an extended period of low volatility usually ushers in a strong directional bias, meaning BTC was gearing up for a big move.
The Only Way For Bitcoin Is Up?
TechDev further suggested that Bitcoin is unlikely to undergo a price collapse.
“Please also point out the ‘pullbacks/crashes/dumps’ many have freaked about over the last eight months.”
While TechDev remains highly optimistic about the possibility of another ballistic Bitcoin rally, fellow cryptocurrency strategist DonAlt is rather cautious.
DonAlt warns that support at the $60,000 level looks weak after getting tested several times.
“Back to the same old level. The more often it’s tested the more likely it is to break. I think even bulls would want to get a washout below it at this point. Complacency until proven otherwise (as in until $68,000 is reclaimed or range is lost and then reclaimed again),” the analyst posited.
For crypto expert Michaël van de Poppe, Bitcoin will likely remain stuck in a range for the next 3-6 months. He, however, expects altcoins to diverge greatly to deliver much-awaited gains for holders.
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.
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