Gold price vs Bitcoin price record rally: Mixed market signals here’s what it all means Gareth Soloway

Gold price vs. Bitcoin price record rally: Mixed market signals, here's what it all means — Gareth Soloway

(Kitco News) – Are the gold and Bitcoin rallies sending mixed messages to the market, and which narrative should investors pay attention to more? Gareth Soloway, Chief Market Strategist at VerifiedInvesting.com, breaks down the two signals.

Even though gold and Bitcoin rallied in tandem — the two assets sent different kinds of messages to the market about the global risk appetite, Soloway told Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News.

As Bitcoin topped $69,300 and set a new record high on Coinbase — the largest crypto exchange in the U.S. — on Tuesday, gold rallied to new all-time highs above $2,100 and even extended that rally the following day, trading above $2,150 an ounce.

A simultaneous record high for gold, a traditional safe-haven, is in contrast to Bitcoin, which still trades as a risk asset despite being viewed by some as a store of value, Soloway said.

"The risk-on environment is driving Bitcoin. We've seen the stock market making new all-time highs. The NASDAQ has been really running, but we've seen other sectors in the S&P lagging technology," he explained. "That's been driving the stock market in Bitcoin with money flow. There's also excitement about the spot ETF inflows. The talk has been contributing to this GameStop, AMC-type run in this asset."

In gold's case, Soloway points to smart money getting involved in the trade. "I'm convinced that smart money is at a point here where they're starting to say, this is a bubble in these risk assets, and therefore, they're rotating [into gold.] You got the momentum kicking in now," he said.

Soloway pointed out that viewing gold as unimportant is a mistake. "The central banks, the ones that print all the money, are buying the most gold," he said. "That's the smart money. Institutions and hedge funds are not so smart. They're included with everyone else, and they're running after Bitcoin. They're running after stocks."

What's next for Bitcoin

Soloway describes the recent Bitcoin rally as a "culmination of greed," with people chasing the market, which creates a highly volatile environment.

"Just looking at the last week, we're up from $50,000. The momentum of that carried up to this all-time high, but it's also known as a technical double top," he described. "There's notoriously going to be players that are selling into that level or shorting it. And when you get to this point of euphoria, it gets every last buyer in so that when those sellers and shorters start pounding it down, there's no one left to buy."

For Soloway's breakdown of Bitcoin's immediate support and resistance levels, watch the video above.

Soloway warns that if the stock market tops out and sells off, Bitcoin is at risk of following in its footsteps. "This has been my thesis for a long time — if the stock market sells off dramatically, Bitcoin comes in dramatic as well," he said.

In risk-off trading conditions, Bitcoin retraces back. For Soloway's price forecast in this scenario, watch the video above.

For insights on how steep the market selloff could be and the immediate triggers for the price reversal, watch the video above.

Soloway also reveals where he sees Bitcoin in May and at the year-end. For his longer-term price calls, watch the video above.

What's next for gold

This gold breakout, which has been long coming, is just the start for gold and gold miners, Soloway noted.

"This is huge for gold. We've been hovering right up against this level since the 2020 COVID run," he said. "You can calculate the next target via an inverse head and shoulders, and it gives us a $2,500 an ounce."

On when gold can hit this price target, watch the video above.

Soloway also breaks down the contradiction between gold reaching new all-time highs and gold ETFs continuing to see outflows.

"Gold has stayed so close to its all-time highs because there is demand. There's massive demand from governments stockpiling. It has to do with the debasement of currencies. These central banks know that they will have to, at some point, turn the printing presses on. How do you backstop your own? You have to buy that gold," he said.

For other assets, Soloway is bullish on going into the spring and summer, watch the video above.

Kitco Media

Anna Golubova

Time to Buy Gold and Silver

Tim Moseley

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Although many aspects of computer security involve digital security, such as electronic passwords and encryption, physical security measures, such as metal locks, are still used to prevent unauthorized tampering. In order to craft a comprehensive and effective cybersecurity strategy, the organization must consider its policies, processes and technologies across every http://carbonequity.info/interesting-research-on-what-you-didnt-know/ business function. In a DoS attack, users are unable to perform routine and necessary tasks, such as accessing email, websites, online accounts or other resources that are operated by a compromised computer or network. While maintaining full system operation is an important part of IT security, the more pressing aspect relates to cyberattacks, most of which are designed to access or steal data and other sensitive information. Some countries legally require businesses to invest in the development and implementation of IT security concepts, while other regions provide strict standards as it relates to data privacy and security.

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Whilst no measures can completely guarantee the prevention of an attack, these measures can help mitigate the damage of possible attacks. It is possible to reduce an attacker’s chances by keeping systems up to date with security patches and updates and by hiring people with expertise in security. While formal verification of the correctness of computer systems is possible, it is not yet common. In order for these tools to be effective, they must be kept up to date with every new update the vendor releases. Some organizations are turning to big data platforms, such as Apache Hadoop, to extend data accessibility and machine learning to detect advanced persistent threats.

Vulnerabilities can be discovered with a vulnerability scanner, which analyzes a computer system in search of known vulnerabilities, such as open ports, insecure software configuration, and susceptibility to malware. In computer security, a countermeasure is an action, device, procedure or technique that reduces a threat, a vulnerability, or an attack by eliminating or preventing it, by minimizing the harm it can cause, or by discovering and reporting it so that corrective action can be taken. When a target user opens the HTML, the malicious code is activated; the web browser then decodes the script, which then unleashes the malware onto the target’s device. In early 2016, the FBI reported that such business email compromise (BEC) scams had cost US businesses more than $2 billion in about two years. However, they are also multi-staged, meaning that “they can infiltrate networks and move laterally inside the network.” The attacks can be polymorphic, meaning that the cyberattacks used such as viruses, worms or trojans “constantly change (“morph”) making it nearly impossible to detect them using signature-based https://cognifyo.com/articles/bypassing-phone-lock-codes-exploration/ defences.”

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The challenges in IT security shift constantly, presenting organizations with persistent obstacles. Network security protects the infrastructure from unauthorized access, misuse, or damage by using firewalls, encryption and other tools. IT security is broader than cybersecurity, covering all aspects of protecting an organization’s data, software, hardware and infrastructure — not just protection against cyberattacks. Finally, mission-critical assets like operating systems, health records, software tools, financial records and cloud infrastructure make up the mission-critical layer.

Check Point IT Security Solutions

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These should cover password management, incident reporting, and other security processes. Begin with a comprehensive security policy that clearly articulates protection measures for hardware, software, networks, and data. These range from cyberattacks to equipment theft or power failures. How to safeguard data, prevent breaches, and stay ahead of evolving https://clomidxx.com/why-careful-planning-is-key-in-building-a-mobile-strategy/ risks. IT security policies are designed to keep assets confidential from unauthorized entities, maintain integrity over the modification of assets, and ensure assets will remain continuously available to authorized users.

IT security

Although many aspects of computer security involve digital security, such as electronic passwords and encryption, physical security measures, such as metal locks, are still used to prevent unauthorized tampering. In order to craft a comprehensive and effective cybersecurity strategy, the organization must consider its policies, processes and technologies across every http://carbonequity.info/interesting-research-on-what-you-didnt-know/ business function. In a DoS attack, users are unable to perform routine and necessary tasks, such as accessing email, websites, online accounts or other resources that are operated by a compromised computer or network. While maintaining full system operation is an important part of IT security, the more pressing aspect relates to cyberattacks, most of which are designed to access or steal data and other sensitive information. Some countries legally require businesses to invest in the development and implementation of IT security concepts, while other regions provide strict standards as it relates to data privacy and security.

What is IT Security? Check Point Software

IT security

Whilst no measures can completely guarantee the prevention of an attack, these measures can help mitigate the damage of possible attacks. It is possible to reduce an attacker’s chances by keeping systems up to date with security patches and updates and by hiring people with expertise in security. While formal verification of the correctness of computer systems is possible, it is not yet common. In order for these tools to be effective, they must be kept up to date with every new update the vendor releases. Some organizations are turning to big data platforms, such as Apache Hadoop, to extend data accessibility and machine learning to detect advanced persistent threats.

Vulnerabilities can be discovered with a vulnerability scanner, which analyzes a computer system in search of known vulnerabilities, such as open ports, insecure software configuration, and susceptibility to malware. In computer security, a countermeasure is an action, device, procedure or technique that reduces a threat, a vulnerability, or an attack by eliminating or preventing it, by minimizing the harm it can cause, or by discovering and reporting it so that corrective action can be taken. When a target user opens the HTML, the malicious code is activated; the web browser then decodes the script, which then unleashes the malware onto the target’s device. In early 2016, the FBI reported that such business email compromise (BEC) scams had cost US businesses more than $2 billion in about two years. However, they are also multi-staged, meaning that “they can infiltrate networks and move laterally inside the network.” The attacks can be polymorphic, meaning that the cyberattacks used such as viruses, worms or trojans “constantly change (“morph”) making it nearly impossible to detect them using signature-based https://cognifyo.com/articles/bypassing-phone-lock-codes-exploration/ defences.”

IT security

The challenges in IT security shift constantly, presenting organizations with persistent obstacles. Network security protects the infrastructure from unauthorized access, misuse, or damage by using firewalls, encryption and other tools. IT security is broader than cybersecurity, covering all aspects of protecting an organization’s data, software, hardware and infrastructure — not just protection against cyberattacks. Finally, mission-critical assets like operating systems, health records, software tools, financial records and cloud infrastructure make up the mission-critical layer.

Check Point IT Security Solutions

IT security

These should cover password management, incident reporting, and other security processes. Begin with a comprehensive security policy that clearly articulates protection measures for hardware, software, networks, and data. These range from cyberattacks to equipment theft or power failures. How to safeguard data, prevent breaches, and stay ahead of evolving https://clomidxx.com/why-careful-planning-is-key-in-building-a-mobile-strategy/ risks. IT security policies are designed to keep assets confidential from unauthorized entities, maintain integrity over the modification of assets, and ensure assets will remain continuously available to authorized users.

IT security

Although many aspects of computer security involve digital security, such as electronic passwords and encryption, physical security measures, such as metal locks, are still used to prevent unauthorized tampering. In order to craft a comprehensive and effective cybersecurity strategy, the organization must consider its policies, processes and technologies across every http://carbonequity.info/interesting-research-on-what-you-didnt-know/ business function. In a DoS attack, users are unable to perform routine and necessary tasks, such as accessing email, websites, online accounts or other resources that are operated by a compromised computer or network. While maintaining full system operation is an important part of IT security, the more pressing aspect relates to cyberattacks, most of which are designed to access or steal data and other sensitive information. Some countries legally require businesses to invest in the development and implementation of IT security concepts, while other regions provide strict standards as it relates to data privacy and security.

What is IT Security? Check Point Software

IT security

Whilst no measures can completely guarantee the prevention of an attack, these measures can help mitigate the damage of possible attacks. It is possible to reduce an attacker’s chances by keeping systems up to date with security patches and updates and by hiring people with expertise in security. While formal verification of the correctness of computer systems is possible, it is not yet common. In order for these tools to be effective, they must be kept up to date with every new update the vendor releases. Some organizations are turning to big data platforms, such as Apache Hadoop, to extend data accessibility and machine learning to detect advanced persistent threats.

Vulnerabilities can be discovered with a vulnerability scanner, which analyzes a computer system in search of known vulnerabilities, such as open ports, insecure software configuration, and susceptibility to malware. In computer security, a countermeasure is an action, device, procedure or technique that reduces a threat, a vulnerability, or an attack by eliminating or preventing it, by minimizing the harm it can cause, or by discovering and reporting it so that corrective action can be taken. When a target user opens the HTML, the malicious code is activated; the web browser then decodes the script, which then unleashes the malware onto the target’s device. In early 2016, the FBI reported that such business email compromise (BEC) scams had cost US businesses more than $2 billion in about two years. However, they are also multi-staged, meaning that “they can infiltrate networks and move laterally inside the network.” The attacks can be polymorphic, meaning that the cyberattacks used such as viruses, worms or trojans “constantly change (“morph”) making it nearly impossible to detect them using signature-based https://cognifyo.com/articles/bypassing-phone-lock-codes-exploration/ defences.”

IT security

The challenges in IT security shift constantly, presenting organizations with persistent obstacles. Network security protects the infrastructure from unauthorized access, misuse, or damage by using firewalls, encryption and other tools. IT security is broader than cybersecurity, covering all aspects of protecting an organization’s data, software, hardware and infrastructure — not just protection against cyberattacks. Finally, mission-critical assets like operating systems, health records, software tools, financial records and cloud infrastructure make up the mission-critical layer.

Check Point IT Security Solutions

IT security

These should cover password management, incident reporting, and other security processes. Begin with a comprehensive security policy that clearly articulates protection measures for hardware, software, networks, and data. These range from cyberattacks to equipment theft or power failures. How to safeguard data, prevent breaches, and stay ahead of evolving https://clomidxx.com/why-careful-planning-is-key-in-building-a-mobile-strategy/ risks. IT security policies are designed to keep assets confidential from unauthorized entities, maintain integrity over the modification of assets, and ensure assets will remain continuously available to authorized users.

IT security

Although many aspects of computer security involve digital security, such as electronic passwords and encryption, physical security measures, such as metal locks, are still used to prevent unauthorized tampering. In order to craft a comprehensive and effective cybersecurity strategy, the organization must consider its policies, processes and technologies across every http://carbonequity.info/interesting-research-on-what-you-didnt-know/ business function. In a DoS attack, users are unable to perform routine and necessary tasks, such as accessing email, websites, online accounts or other resources that are operated by a compromised computer or network. While maintaining full system operation is an important part of IT security, the more pressing aspect relates to cyberattacks, most of which are designed to access or steal data and other sensitive information. Some countries legally require businesses to invest in the development and implementation of IT security concepts, while other regions provide strict standards as it relates to data privacy and security.

Ether Cardano Solana Shiba Inu Eying Gigantic Run as Crypto Market Enters Hope Phase

Ether, Cardano, Solana, Shiba Inu Eying Gigantic Run as Crypto Market Enters Hope Phase

By Brian Njuguna – March 6, 2024

As the crypto market continues to be in the green, with the market capitalization edging closer to the $2.6 trillion mark, altcoins are not being left behind as they are making significant strides.

Taking on X, formerly Twitter, leading market analyst Michael van de Poppe highlighted this trend and stated, “Altcoins are ready to accelerate after this run of Bitcoin. Bitcoin has shown a gigantic return, which means that altcoins are likely going to outperform Bitcoin by a mile.”

Therefore, based on this analysis, altcoins are eyeing a substantial rally, with top coins like Ethereum (ETH), Solana (SOL), Cardano (ADA), Polkadot (DOT), and Shiba Inu (SHIB) leading the pack.

For instance, Ethereum is edging closer to the psychological price of $4,000, given that the top altcoin was up by 61.1% in the past month to hit $3,852 at press time, according to CoinGecko.

Is the Alt-Season Fully Here?

Given that altcoins are a force to be reckoned with in the crypto ecosystem, questions are being raised about whether an alt season is now on the horizon on the foundation of the bullish momentum being witnessed.

Van de Poppe noted, “Altcoin market capitalization is slowly moving upwards. The upside could be captured on Bitcoin, meaning a rotation towards altcoins. Therefore, Ethereum to $4,500-5,000 is likely, while altcoins will accelerate with 2-4x returns.”

Based on this analysis, Ethereum will be instrumental in triggering an alt season, with the second-largest cryptocurrency continuously experiencing an uptrend.

With the crypto market appearing to have entered the hope phase, the altcoin market is painting a bright picture.

Furthermore, altcoin bulls are showing their unrelenting quest to continue scaling heights.

DISCLAIMER

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

The original article written by Brian Njuguna and posted on ZyCrypto.com.

Article reposted on Markethive by Jeffrey Sloe

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Gold’s shock rally has analysts grasping for explanations

Gold’s shock rally has analysts grasping for explanations

Gold’s surprising rally to new all-time highs has even seasoned industry professionals scratching their heads as to the true cause.

“It is clear that despite the West's disaffection for gold […] demand in China is more than offsetting the shortfall, with monumental volumes flowing from West to the East,” wrote Metals Daily CEO Ross Norman in a LinkedIn post. “As such, this rally seems to have caught Western experts and forecasters by surprise – a stealth rally if you like – which suggests to me the buying is beyond the immediate purview of most of us.”

Norman said the “conventional explanation” is that gold is rallying ahead of an expected rate cut at the June Fed meeting, which would weaken the dollar and strengthen gold, “but the dollar is actually up YTD and silver is not validating the move higher in the complex as evidenced by a decline in the gold/silver ratio as we would have expected.”

Another possible explanation would be the decline in U.S. treasury yields, “down 1.2% in the last month and with gold up nearly 6% … but again no evidence that institutions are behind this as ETF demand remains lacklustre.”

Norman said that there’s no doubt that short covering in the futures market has helped boost the rally, but the move is too big for that to be the main driver, “so something else is at play.”

“A significant part of the answer is of course Chinese buying and not just the traditional 'dama' or Chinese grandmothers – Gen Z investors have joined the fray,” he wrote. “But Chinese premiums are slipping (down from a strong $45 premium to $38) as have Indian premiums (down from $5 discount to a $16 discount) suggesting Asia is behaving in a moderately price-elastic manner and easing back on purchases in the face of price strength.”

Norman said he believes the shock rally is being driven by central bank buying, which continues to be very strong according to the latest January numbers.

“With the US moving beyond simple sanctions and threatening to sequester $300 billion in Russian financial assets (to be sold and paid across to support Ukraine) … some Central Banks … even the non-aligned ones, will be alarmed for fear that they might be in the firing line themselves at some point potentially,” he wrote. “It follows therefore that they might prudently wish to diversify into non-dollar assets.”

James Steel, an analyst at HSBC Holdings PLC, told Bloomberg in a report that the scale of the move is surprising given that there hasn’t been a significant change in rate cut expectations or another clear macroeconomic driver.

“The velocity and the speed were very sudden, very fast,” Steel said. “It didn’t seem to have a smoking gun.”

Ole Hansen, commodity strategist at Saxo Bank, said that the ISM manufacturing PMI data for February released on March 1, which came in well below expectations, highlighted the rising risk of a stock market correction, and may have prompted some investors to move from equities to gold.

TD Securities commodity strategist Ryan McKay believes that macro funds and momentum buying by commodity trading advisors contributed to gold’s sudden gains, with the latest Commodity Futures Trading Commission data showing hedge funds and money managers increasing their net bullish gold bets as of Feb. 27. Still, McKay noted that these investors added short positions roughly in line with new longs, meaning they’re not all in on gold’s upward move either.

The report noted that gold’s recent rally has also highlighted the growing disconnect between spot prices and gold-backed ETF outflows. “Holdings in SPDR Gold Shares, the world’s largest such ETF, fell by 0.3 per cent on March 4, taking the total to the lowest level since July 2019, according to data compiled by Bloomberg,” they wrote. “Those outflows have partly been offset by persistent central bank demand for the precious metal, which helped keep prices elevated even as real interest rates spiked last year.”

They also pointed out that physical demand for gold bars and coins also absorbed the gold that was sold by ETFs, and a strong Lunar New Year saw Chinese consumers buying gold as a hedge against the country’s beleaguered stock markets and real estate sector.

Ewa Manthey, commodities strategist at ING, believes the rally is being driven by a combination of rate cut expectations and geopolitical turmoil. “Speculation over a Fed rates pivot and continued geopolitical tensions keep gold shining,” said Manthey. “We expect gold prices to trade higher this year as safe-haven demand continues to be supportive amid geopolitical uncertainty with ongoing wars and the upcoming U.S. election.”

Spot gold hit a high of $2,150 per ounce around noon EST as Fed Chair Jerome Powell presented the central bank’s semiannual Monetary Policy Report to the U.S. House Financial Services Committee. It last traded at $2,148.90, up 0.84% on the day at the time of writing.

Kitco Media

Ernest Hoffman

Time to Buy Gold and Silver

Tim Moseley

Enlightenment Is a way to cultivate positive lines of thought

“Enlightenment” Is a way to cultivate positive lines of thought.

"Enlightenment" Is a way to cultivate positive lines of thought.

“ENLIGHTENMENT”

“Enlightenment” Is a way to cultivate positive lines of thought. I’m sure you have a great idea in your mind that you can’t wait to try out. You’re not the only one with a great idea. What motivates you to make your creative or inspiring ideas a reality?

Setting a personal goal that you can achieve in the shortest amount of time possible is always the best way to go about it. For example, you may try to mow the lawn in an hour before the big game on television. You will find that everything is simpler and even more pleasurable if you maintain a right and optimistic attitude in whatever you do.

Here are some suggestions that will help you get through the week, even if you are just sitting on the couch that you enjoy the most. The formation of an idea in your thoughts is a process that takes time and occurs frequently when you are occupied with sitting.

Even a small amount of positive thinking can assist you in recognizing things that you would have never considered to be conceivable. It is true that the American Way is to think big, and it is this way of thinking that has contributed to the prosperity of our nation.

“ENLIGHTENMENT”

Move forth with a strong desire to live your life according to your own design. Talking is a waste of time. Taking action is like making deposits in the bank of a future that is passionately authentic. Without it, passion is null and void.

Imagine a scenario in which you begin by playing with your head, and then move on to playing with your hands. This is the perfect example of how dreams are produced. And even if the idea loses its strength, you can always return to it at a later time until you have completed it.

If you want to create a life you love, be true to yourself and the people you love. Create from your heart and with love, not fear. Don’t just react, but act with purpose. The American Dream is still real, but it’s just a dream if you don’t take action. Be amazed when things start to change.

The third step is to understand and accept the idea that every moment is perfect, no matter what happens. When you encounter something that seems difficult, why not try and see if it works out? You might be surprised to find other ways to finish the task on time. If you’re not happy with the result, decide to use that situation as a chance to learn and make changes.

Allow yourself to feel very thankful. Use what you have in a helpful way. Instead of focusing on not having enough, focus on being grateful. This will help you not feel needy all the time.

INSTEAD OF DWELLING ON MISSED OPPORTUNITIES,

Instead of dwelling on missed opportunities, try using the Passion Formula. This involves Recognizing, Reevaluating, and Restoring. The first step focuses on growth and wealth, while the second considers scarcity and lack. When faced with daunting challenges, remind yourself that the task is as important as giving instructions to your team. It’s best to be deeply passionate!

Always remember to keep humor in the forefront of your mind, and try to laugh at and with yourself whenever you can. When you let your guard down, you could find that you entertain yourself quite a bit! On the other hand, despite the fact that his quips are as “old as great-grandma,” I have never witnessed a comedian ever going hungry. There are a lot of things in life that can inspire you to wallow in self-pity and mope around. The value of humor is in its ability to captivate and captivate with passion.

Have confidence in your ability to shape your own future. You have the power to create the life you want. Live authentically and remember that there are endless possibilities for achievement as long as you’re alive and healthy. Enjoy the process and celebrate your accomplishments. When everything comes together perfectly, you’ll be amazed.

“Enlightenment”

It’s amazing how easily some people can feel overwhelmed when trying to learn to use a computer, especially now that big computer companies make software that even kids can use. I don’t want to sound patronizing, but without a positive attitude, you’ll just end up feeling stuck. Do you get what I mean? So instead of setting yourself up for failure, you should start by having a good mindset and paving your own way forward.

Tim Moseley

The Artist that came out of the Winter