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Gold closes out 2023 above 2063 technicals point to price gains in January

January 2, 2024 Thomas Prendergast Leave a comment

Gold closes out 2023 above $2063, technicals point to price gains in January

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Gold closes out 2023 above $2063, technicals point to price gains in January teaser image

(Kitco News) – If you told investors in September of last year that by the end of 2023, the gold price would be closing higher than the year, many would have dismissed it out of hand. At the time, gold was trading in the $1,640 range, well off its highs following the Russian invasion of Ukraine, and high interest rates were providing additional headwinds for the precious metal.

Well, interest rates rose even higher this year, but spot gold still managed to finish the final trading day of 2023 trading at $2,063.45 at the time of writing, with many analysts predicting hundreds more in gains during the year to come.

Veteran trader CEO Technician noted in a post on X that gold had a solid year.

Kevin Wadsworth of NorthStarCharts hearkened back to those September 2022 doldrums to reflect on how far the precious metal has come, and why he was so confident in his bullish predictions.

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In another post, he shared an annual chart showing gold breaking to the upside ahead of 2024. “This will be gold's highest yearly close EVER,” he wrote.

And all of this comes ahead of what should be a very strong start to the new year, if history is any indication.

According to analysis by the World Gold Council, gold tends to perform very well in the first month of the year, posting an average return of 1.79% in January since 1971, nearly three times the precious metal’s long-term monthly average.

“This doesn’t mean that gold prices rise every January,” the WGC said. “There’ve been several years when it hasn’t, most recently in 2021 and 2022. Years with negative returns in January generally coincided with periods when the US dollar has strengthened – often significantly.”

But with the greenback seeing a recent pullback, and with rate cuts and treasury yields set to fall in the new year, January is shaping up to be one of the strong ones.

Alastair MacLeod, Head of Research for Goldmoney and SchiffGold, shared the following chart summarizing his perspective on gold’s likely trajectory in 2024. “It puts the price relationship in the right perspective!” he said.

Kitco Media

Ernest Hoffman

Time to Buy Gold and Silver

Tim Moseley

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Get More Affiliate Revenue with These 25 Original Ideas

December 30, 2023 Thomas Prendergast Leave a comment

Get More Affiliate Revenue with These 25 Original Ideas

Affiliate revenue is a great way to earn passive income from your blog, website, or social media. However, it can be challenging to stand out from the crowd and attract more clicks and conversions. That’s why you need some original and effective ideas to promote your affiliate links and products.

Here are 25 proven tips to increase your affiliate revenue in 2024:

Create a resource page or a list of recommended tools on your website and include your affiliate links.
Write honest and detailed reviews of the products or services you are promoting and highlight their benefits and features.
Create a comparison post or a video where you compare different products or services in the same niche and explain why you prefer one over the other.
Create a tutorial or a guide on how to use the product or service you are promoting and show its value and results.
Create a case study or a success story on how the product or service you are promoting helped you or someone else achieve a specific goal or solve a problem.
Create a landing page or a squeeze page dedicated to the product or service you are promoting and optimize it for conversions.
Create a lead magnet or a freebie related to the product or service you are promoting and offer it in exchange for an email address.
Create an email sequence or a newsletter that educates your subscribers about the product or service you are promoting and builds trust and rapport.
Create a webinar or a live stream where you demonstrate the product or service you are promoting and answer questions from your audience.
Create a quiz or a survey related to the product or service you are promoting and offer personalized recommendations based on the results.
Create a coupon code or a special offer for the product or service you are promoting and share it with your audience.
Create a contest or a giveaway where you reward your audience with the product or service you are promoting or a related prize.
Create a challenge or a course where you teach your audience how to use the product or service you are promoting and provide support and feedback.
Create a testimonial or a video where you share your experience and results with the product or service you are promoting and encourage others to try it.
Create a podcast or a video series where you interview the creators or the experts behind the product or service you are promoting and ask them to share their insights and tips.
Create a blog post or a video where you share your favorite tips, hacks, or best practices related to the product or service you are promoting and show how it can improve your audience’s lives.
Create a roundup post or a video where you feature other influencers or experts who use and recommend the product or service you are promoting and ask them to share their opinions and advice.
Create a guest post or a video where you collaborate with another influencer or expert in your niche and promote the product or service you are promoting together.
Create a social media post or a story where you share a sneak peek, a behind-the-scenes, or a before-and-after of the product or service you are promoting and generate curiosity and interest.
Create a social media post or a story where you share a testimonial, a review, or a feedback from a happy customer or a user of the product or service you are promoting and showcase social proof and credibility.
Create a social media post or a story where you share a question, a poll, or a quiz related to the product or service you are promoting and engage your audience and collect feedback.
Create a social media post or a story where you share a fun fact, a statistic, or a quote related to the product or service you are promoting and educate your audience and spark a conversation.
Create a social media post or a story where you share a meme, a joke, or a GIF related to the product or service you are promoting and entertain your audience and make them laugh.
Create a social media post or a story where you share a tip, a hack, or a best practice related to the product or service you are promoting and provide value and help your audience.
Create a social media post or a story where you share a personal story, a challenge, or a goal related to the product or service you are promoting and inspire your audience and connect with them.

These are some of the best ways to promote your affiliate links and products in 2024. You can use them to create engaging and valuable content for your audience and increase your affiliate revenue. However, remember to always disclose your affiliate relationship and follow the rules and guidelines of the affiliate programs and platforms you are using. Also, make sure to track and measure your affiliate performance and optimize your strategies accordingly.

If you want to learn more about affiliate marketing and how to grow your affiliate revenue, you can check out some of the web search results that I found for you. I hope you find them useful and interesting. ð

¹: https://www.bing.com/search?q=Get+More+Affiliate+Revenue+with+These+25+Original+Ideas

Tim Moseley

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Kitco News – After spot gold set an all-time record daily closing price on Wednesday the precious metal continued to trade at elevated levels on Thursday with some analysts predicting the strength is likely to extend into the new year

December 29, 2023 Thomas Prendergast Leave a comment

(Kitco News) – After spot gold set an all-time record daily closing price on Wednesday, the precious metal continued to trade at elevated levels on Thursday, with some analysts predicting the strength is likely to extend into the new year.

“In the first week of December, it looked like gold was set for a bit of a reality check after the rally above $2,100 fizzled rather quickly,” said Justin Low, currency analyst at ForexLive. “That saw price dip back below $2,000 but gold bugs have definitely salvaged the situation in a push to a record high close this week.”

Looking at gold’s current climb from $1,982 on Dec. 13 to yesterday’s high above $2,088, Low said that “[t]hinner liquidity conditions may still cast some doubts over the latest move higher” but he said there are still good arguments for gold to move even higher as 2024 approaches.

“And the seasonal tailwind in January is arguably one of the strongest points there could be in advocating for an extension higher,” he said.

Spot gold is currently trading at $2,068.37 per ounce at the time of writing, down 0.41% on the session but up 1.8% over the last five days, and up nearly 2.7% during the month.

“The way I see it, gold is poised for one of two things now,” Low said. “It is either we go off to the races to start the new year i.e. fresh record highs, or we get a notable squeeze lower before buyers reload on long positions. It would really surprise me if we got a quiet and slow January, all things considered.”

He added that his reticence to predict which outcome is more likely “is to do with the fact that I heavily detest reading too much into year-end and thin liquidity moves such as what we're seeing this week. As such, I still do hold some reservations about the high points for gold on the week currently.”

Other analysts are looking through the liquidity concerns at the geopolitical and macroeconomic environments, both of which suggest continued strength for gold prices, with the potential for new all-time highs in January.

“The most likely scenario in the current context points towards a continued upward trajectory, with the initial target in the vicinity of $2100 per ounce,” said analyst Damian Nowiszewski at Investing.com.

“The recent strong demand shot established a new historical high in the $2150 per ounce price area, but these were quickly negated,” he wrote. “Buyers are not short of fuel, however, and all indications are that they will be able to permanently overcome the key resistance area tested several times over the past few years located near the round barrier of $2100.”

“The natural target for demand is the area around $2150 and the next round barrier of $2200,” Nowiszewski said. “Possible corrective movements should be limited by the local upward trend line and demand zones near $2000 and $1950 per ounce.”

Kitco Media

Ernest Hoffman

Time to Buy Gold and Silver

Tim Moseley

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Traffic generation and affordable SEO services are two important aspects of online marketing

December 28, 2023 Thomas Prendergast Leave a comment

Traffic generation and affordable SEO services are two important aspects of online marketing

Traffic generation

Traffic generation and affordable SEO services are two important aspects of online marketing. Traffic- generation refers to the process of attracting visitors to your website through various channels, such as search engines, social media, email, and advertising. Affordable SEO services refer to the process of optimizing your website for search engines so that it ranks higher and attracts more organic traffic.

There are many ways to generate traffic and improve your SEO, depending on your goals, budget, and niche. Some of the most common and effective methods are:

Keyword research: This involves finding and analyzing the words and phrases that your target audience uses to search for your products or services. You can use tools like Google Keyword Planner, Ahrefs, or SEMrush to find the best keywords for your website. You can then use these keywords in your content, titles, meta tags, and URLs to make your website more relevant and visible to search engines and users.
Content creation: This involves creating and publishing valuable and engaging content that matches your audience’s needs and interests. You can use tools like WordPress, Yoast, and Grammarly to create and optimize your content for SEO. You can also use tools like Surfer SEO to analyze and improve your content quality and performance. You can create different types of content, such as blog posts, videos, podcasts, infographics, ebooks, and more, to attract and retain your audience.
Link building: This involves getting other websites to link back to your website, which can boost your authority and credibility in the eyes of search engines and users. You can use tools like Moz, Ahrefs, or Majestic to find and analyze your backlink profile and opportunities. You can also use tools like Outreach.io, Pitchbox, or Mailshake to reach out to other website owners and request links. You can build links through various methods, such as guest posting, resource pages, broken link building, testimonials, and more.
Social media marketing: This involves using social media platforms, such as Facebook, Twitter, Instagram, and LinkedIn, to promote your website and content, and to interact with your audience. You can use tools like Buffer, Hootsuite, or Sprout Social to schedule, monitor, and manage your social media posts and campaigns. You can also use tools like BuzzSumo, Social Animal, or Social Blade to find and analyze the best content and influencers in your niche.
Email marketing: This involves using email to communicate with your audience and to drive them to your website. You can use tools like Mailchimp, Aweber, or ConvertKit to create and send email newsletters, offers, and promotions. You can also use tools like OptinMonster, Unbounce, or Leadpages to create and optimize landing pages and opt-in forms to capture and grow your email list.
Paid advertising: This involves using paid channels, such as Google Ads, Facebook Ads, or Bing Ads, to display your website and content to your target audience. You can use tools like Google Analytics, SEMrush, or WordStream to create and optimize your ads and campaigns. You can also use tools like SpyFu, AdEspresso, or Adbeat to find and analyze your competitors’ ads and strategies.

These are some of the most common and affordable SEO services and traffic generation methods that you can use for your website. However, you should also keep in mind that SEO and traffic generation are not one-time events, but ongoing processes that require constant monitoring, testing, and improvement. You should also follow the best practices and guidelines of search engines and webmasters, and avoid any spammy or unethical tactics that can harm your website’s reputation and performance.

When it comes to driving traffic and optimizing your website for search engines, affordable SEO services can be a valuable resource. These services can help improve your online visibility and attract more visitors to your website. By utilizing techniques such as keyword research, content optimization, and link building, you can enhance your website’s search engine ranking and ultimately drive more organic traffic. Additionally, exploring various traffic generation strategies, such as social media marketing, email campaigns, and content marketing, can further boost your website’s visibility and attract a steady stream of visitors. If you want to learn more about these topics, you can check out some of the web search results that I found for you. I hope you find them useful and interesting. ð

¹: https://www.bing.com/search?q=Traffic+Generation+and+Affordable+Seo+Services

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A Blog that Shares Tips, Tricks, and Insights on Various Topics

Tim Moseley

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What to Do and Don’t Do with Email Marketing

December 27, 2023 Thomas Prendergast Leave a comment

What to Do and Don’t Do with Email Marketing

Email marketing

Email marketing is a powerful and cost-effective way to communicate with your audience and promote your products or services. However, email marketing also requires some skills and strategies to avoid common pitfalls and achieve optimal results. Here are some of the do’s and don’ts of email marketing that you should know:

Do segment your email list based on your subscribers’ preferences, behavior, and interests. This will help you send relevant and personalized messages that increase engagement and conversions. You can use tools like Mailchimp ¹ or Aweber ² to create and manage your email segments.
Don’t send the same email to everyone on your list. This will make your emails look generic and boring, and may cause your subscribers to lose interest or unsubscribe. Instead, tailor your emails to each segment and offer value and benefits that match their needs and goals.
Do write catchy and clear subject lines and pre-header texts that entice your subscribers to open your emails. Your subject line and pre-header text are the first things your subscribers see in their inbox, and they can make or break your email campaign. You can use tools like CoSchedule Headline Analyzer ³ or Portent Title Maker to create and optimize your subject lines and pre-header texts.
Don’t use misleading or spammy subject lines and pre-header texts that trick your subscribers into opening your emails. This will damage your reputation and trust, and may result in spam complaints or penalties. Instead, be honest and transparent about what your emails contain and what your subscribers can expect from them.
Do use a professional and consistent design and layout for your emails that reflect your brand identity and style. Your email design and layout should be attractive and easy to read, and should match your website and other marketing materials. You can use tools like Canva or Visme to create and customize your email design and layout.
Don’t use a cluttered or inconsistent design and layout for your emails that distract or confuse your subscribers. Your email design and layout should not be too busy or flashy, and should not change drastically from one email to another. Instead, use a simple and clean design and layout that enhance your message and call to action.
Do include a clear and compelling call to action in your emails that tells your subscribers what you want them to do next. Your call to action should be visible and easy to click, and should use action words and urgency to motivate your subscribers. You can use tools like Unbounce or Leadpages to create and optimize your landing pages and opt-in forms for your call to action.
Don’t include multiple or vague calls to action in your emails that confuse or overwhelm your subscribers. Your call to action should be focused and specific, and should not compete with other elements in your email. Instead, use one or two calls to action that are aligned with your email goal and your subscribers’ interests.

I can recommend some tools for creating and sending emails. Email marketing is a powerful and cost-effective way to communicate with your audience and promote your products or services. However, email marketing also requires some skills and strategies to avoid common pitfalls and achieve optimal results.

Some of the tools that you can use for creating and sending emails are:

Beacon: This is a powerful tool that makes creating written lead magnets simple and easy. It offers ready-to-use templates, a drag-and-drop editor, and smart PDFs that can embed video, audio, and tracking. You can create unlimited lead magnets with Beacon for free, and upgrade to a paid plan for advanced features. ¹
Canva: This is a popular and easy-to-use design tool that you can use to create various types of lead magnets, such as ebooks, checklists, guides, infographics, and more. It has a huge library of templates, graphics, fonts, and images that you can customize and download. You can use Canva for free, and upgrade to a paid plan for more features and resources. ²
Outgrow: This is an interactive tool that allows you to create quizzes, surveys, calculators, and other types of lead magnets that engage your audience and collect their information. It has a simple and intuitive interface, a variety of templates, and powerful analytics. You can try Outgrow for free for 7 days, and upgrade to a paid plan for more features and integrations. ³
Loom: This is a video tool that lets you record and share your screen, webcam, or voice with your audience. You can use Loom to create video tutorials, demos, or testimonials as lead magnets. It has a simple and user-friendly interface, and allows you to edit, trim, and caption your videos. You can use Loom for free, and upgrade to a paid plan for more features and storage. â´
Mailchimp: This is a popular and powerful email marketing and automation tool that you can use to promote your lead magnets and nurture your leads. It allows you to create and send beautiful and personalized email campaigns, as well as build landing pages and opt-in forms. It has a lot of features, integrations, and analytics. You can use Mailchimp for free for up to 2,000 contacts, and upgrade to a paid plan for more features and contacts.

These are some of the tools that I recommend for creating and promoting lead magnets. You can explore more options by visiting the links I have provided. I hope you find them useful and interesting. ð

¹: https://www.beacon.by/
²: https://www.canva.com/
³: https://outgrow.co/
â´: https://www.loom.com/
: https://mailchimp.com/

Source: Conversation with Bing, 12/27/2023
(1) The 8 best email apps in 2023 | Zapier. https://zapier.com/blog/best-email-app/
(2) 10 Tools That Will Help You to Create Amazing Emails – Chamaileon. https://chamaileon.io/resources/tools-of-email-marketing/
(3) 10 Best Email Template Builders for 2022 — Stripo.email. https://stripo.email/blog/top-best-free-email-template-builders/
(4) The 21 Best Email Management Software Tools – Email Analytics. https://emailanalytics.com/21-best-email-management-software-tools/

Tim Moseley

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Gold up a bit on bullish outside markets technical buying

December 27, 2023 Thomas Prendergast Leave a comment

Gold up a bit on bullish outside markets, technical buying

Gold up a bit on bullish outside markets, technical buying teaser image

(Kitco News) – Gold prices are slightly higher and silver prices slightly lower in midday U.S. trading Tuesday. Quieter, post-holiday trading is featured. Bullish charts are prompting some mild speculator buying interest in both precious metals. The key outside markets were also bullish for the metals today, as the U.S. dollar index was modestly weaker and crude oil prices were solidly higher. Some profit-taking from the shorter-term futures traders did limit gains in gold and silver today. February gold was last up $1.70 at $2,070.60. March silver was last down $0.07 at $24.50.

Asian and European stock markets were mixed overnight. U.S. stock index futures slightly higher at midday. Some markets, including those in the U.K., Germany and France, remained closed Tuesday after the Christmas holiday Monday.

Reports said the U.S. military carried out retaliatory air strikes on Monday in Iraq after a drone strike from Iran-aligned militants left one U.S. serviceman in critical condition and wounded two others. Markets showed no significant price reactions to the news.

The yield on the benchmark U.S. Treasury 10-year note is presently fetching 3.906%.

Technically, February gold futures bulls have the solid overall near-term technical advantage. Prices are in a 2.5-month-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 $2,076.30 and then at last week’s high of $2,083.00. First support is seen at today’s low of $2,065.10 and then at last Friday’s low of $2,058.20. Wyckoff's Market Rating: 7.5.

March silver futures bulls have the overall near-term technical advantage. Prices are in a 2.5-month-old uptrend on the daily bar chart. 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 the December low of $22.785. First resistance is seen at today’s high of $24.70 and then at last week’s high of $24.895. Next support is seen at today’s low of $24.34 and then at $24.00. Wyckoff's Market Rating: 6.5.

March N.Y. copper closed down 10 points at 390.40 cents today. Prices closed nearer the session low today. The copper bulls have the overall near-term technical advantage. Prices are in a choppy, two-month-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 the December high of 394.50 cents and then at 400.00 cents. First support is seen at last week’s low of 384.10 cents and then at 380.00 cents. Wyckoff's Market Rating: 6.5.

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 .

Jim Wyckoff

Time to Buy Gold and Silver

Tim Moseley

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Embarking on a Journey of Transformation: Navigating the World of Self-Improvement

December 26, 2023 Thomas Prendergast Leave a comment

Embarking on a Journey of Transformation: Navigating the World of Self-Improvement

JKHG

In a world that constantly evolves, one thing remains constant—the human desire for self-improvement. It's an inherent instinct that propels us forward, urging us to become the best versions of ourselves. Welcome to the fascinating realm of self-improvement, where every day is a new opportunity for growth, learning, and transformation.

**Video 1: The Call to Adventure**

Our journey begins with a call to adventure—a whisper from within that sparks the desire for change. It could be a longing for better health, a quest for knowledge, or a yearning for personal development. Whatever the catalyst, it sets us on a path toward self-discovery and improvement.

As we embark on this quest, we encounter various mentors and guides—books, podcasts, mentors, and communities—that offer valuable insights and wisdom. The world of self-improvement is a vast landscape, rich with resources waiting to be explored.

**Video 2: Crafting the Hero's Toolkit**

Armed with newfound knowledge, we begin to assemble our toolkit for personal growth. Mindfulness practices, goal-setting techniques, and habits become our trusted allies. We delve into the art of time management, understanding that each moment is an opportunity for positive change.

The hero's toolkit also includes the power of resilience—a shield against the inevitable challenges that arise on the journey. It's through setbacks and obstacles that we discover the true strength that lies within us.

**Video 3: Unleashing the Power of Mind and Body**

Self-improvement is a holistic journey, encompassing both mind and body. We explore the wonders of meditation and mindfulness to cultivate a peaceful and focused mind. Physical fitness becomes a cornerstone, reminding us that a healthy body is a vessel for a vibrant life.

As we hone our mental and physical prowess, we realize that the mind-body connection is a powerful force. The synergy of a sound mind and a healthy body propels us toward our goals with unwavering determination.

**Video 4: Navigating the Peaks and Valleys**

No journey is without its challenges, and the world of self-improvement is no exception. We traverse peaks of success and valleys of despair, each experience shaping us into resilient, capable individuals.

It's in the valleys that we learn the most about ourselves—our strengths, weaknesses, and the untapped reservoirs of potential waiting to be unleashed. Embracing the ebb and flow of the journey, we discover that growth often occurs in the spaces between comfort and discomfort.

**Video 5: The Ripple Effect**

As we progress on our self-improvement odyssey, we realize that our transformation extends beyond personal boundaries. The changes we undergo create a ripple effect, touching the lives of those around us. Friends, family, and colleagues witness our growth and are inspired to embark on their own quests for self-betterment.

In this interconnected world of self-improvement, the collective pursuit of excellence becomes a powerful force for positive change. We become beacons of inspiration, illuminating the path for others on their transformative journeys.

**Epilogue: A Lifelong Expedition**

The world of self-improvement is not a destination; it's a lifelong expedition. As we continue to evolve and adapt, the quest for personal growth becomes a constant companion. The journey is not without its twists and turns, but each step forward is a testament to the resilience of the human spirit.

So, fellow travelers, embrace the adventure that is self-improvement. Equip yourself with the tools, embrace the challenges, and savor the victories. In this vast and dynamic world of self-betterment, the journey is as enriching as the destination. May your path be illuminated by the light of self-discovery and the boundless possibilities that lie ahead.

Tim Moseley

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Interest rate decisions give gold and silver a Christmas boost

December 24, 2023 Thomas Prendergast Leave a comment

Interest rate decisions give gold and silver a Christmas boost

The final interest rate decisions of 2023 have given precious metals a further price boost today. The US dollar has fallen to a four-month low as markets anticipate 2024 will see rate cuts, pushing gold back above $2,000.

The Federal Reserve have spent previous months pushing back against the idea of rate cuts in 2024, stating that rates would need to be ‘higher for longer’ to bring inflation down to the Fed’s 2% target. With inflation falling however, and the US economy so far proving resilient to higher interest rates, it seems the Fed’s monetary policy committee have turned dovish.

Although the Fed left interest rate unchanged last night as expected, the dot plots from its members (charting expectations for rates in the year ahead) suggested that the Fed itself expects that rates will begin to fall next year. Despite Chairman Jerome Powell cautioning that rates could still rise if needed, markets took the dot plots as the sign they were looking for. Stock markets rose, and the US Dollar Index has dropped 1.2% since last night’s announcement.

14123 USD Chart

The gold price saw a spike as the Federal Reserve announced their latest rate decision.

Gold gained more than 2.5% as a result, jumping from $1,978 to $2,040 in just a few hours, and has so far stabilised in the $2,030 – $2,040 range. Silver gained over 6% in the same period, climbing from $22.53 to push past $24 per ounce. US rate cuts will be a key driver for gold and silver in 2024, and last night was the clearest indication that such cuts are on their way.

The Bank of England also left UK rates on hold today, but with a more hawkish tone. Three of the committee’s eight members even voted to hike rates up to 5.5% but were outvoted by the other five. The UK is in a very different position to the US, with UK core inflation still at 5.6% in October, and the BoE will likely have to keep rates at current levels further into 2024 than the US.

Thanks to a falling dollar, and the more hawkish tone of the BoE, the pound has enjoyed a strong 24 hours. Sterling has climbed to a high of $1.27221 since the Bank’s latest decision was announced, the highest GBP has been against the dollar in over three months.

Although the stronger pound has slightly reduced gold and silver’s gains both metals have still benefitted from the weaker dollar. Gold has risen 1.7% in less than 24 hours and is currently just holding onto £1,600 per ounce. Silver gained 5.5% in the same period, climbing from £17.99 to pass £19 per ounce.

With the UK economy showing increasing signs of weakness, the Bank could perhaps be acting more hawkish than necessary, while the strength of the US economy could leave the Fed looking too optimistic. Despite markets winding down for the holidays, it won’t be too long to wait for the next rate decisions, which will only become increasingly important for gold and silver as anticipation builds for the first rate cut. The Fed will make their next announcement on January 31st with the BoE following suit on February 1st.

Having set a short-lived but significant new record less than two weeks ago, gold is still seeing historically high levels, and rate cuts resulting in a weaker dollar will only be to gold’s benefit. Whether gold can surpass the $2,200 needed for a new all-time high remains to be seen, but all the pieces are there as 2024 progresses.

Contributing to kitco.com

Time to Buy Gold and Silver

Tim Moseley

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The Markethive HVC Token Poised for Crypto Market Triumph

December 21, 2023 Thomas Prendergast Leave a comment

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.

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The Markethive HVC Token Poised for Crypto Market Triumph

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Why Markethive chose Solana as the blockchain for the HVC Token

How the HVC Token can Impact the Future of Markethive

The Problem with Centralization in Crypto Projects

Markethive’s Unique Approach to Decentralization

Markethive’s Readiness for the Crypto Bull Run

Final Thoughts

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