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Live Life On Your Own Terms

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Live Life On Your Own Terms!

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Hi there, my name is Liesl Vogel. I have been involved in the network marketing industry since 1974. What I'm about to share with you has been developed out of over 40 years of experience and a whole lotta brain. I'M guessing that, if you have stumbled upon this video, you are someone who might be struggling to make a buck on the proverbial network marketing the roller-coaster. Maybe you've tried several programs, but never seem to be able to achieve any significant level of success.

 

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Tim Moseley

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Effective Techniques to Visualize Your Success

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Effective Techniques to Visualize Your Success

Make Your Writing Shine

Everyone has lofty ambitions. Everyone aspires to success. You can imagine giving an acceptance speech at the Oscars or receiving the Nobel Prize. Maybe you aspire to be a pro athlete or a prosperous businessperson.

You may utilize the power of visualization to make your dreams of success come true, whether you want to win an Olympic gold or make your first million.

ecosystem for entrepreneurs

Imagine yourself triumphing

The will to succeed alone is insufficient. Your success must be able to be tasted. Imagine accepting the promotion, hearing congratulations from loved ones, and seeing your new business cards.

Put as much reality and detail into your success. How pleasant is it to feel?

Discover Your Trigger

Finding your own unique success trigger can be a very effective strategy to maintain your energy and drive. Whether it's receiving a scholarship, an Oscar, or starting your own business, list your major objectives. Make it a direct, succinct comment that is positive. For instance, "I'll be made Vice President of this company next year."

Every day, review your trigger statement. Make it your smartphone's lock screen or perhaps the background image on your PC. Jim Carrey famously signed himself a cheque for $10 million that was dated several years in the future when he was a young actor trying to break through. He received a $10 million offer for his Dumb and

Dumber role on that particular day.

When you see your trigger statement, think of that experience and how satisfying it will be to reach your objective.

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Establish A Vision Board

Making your dreams more tangible with vision boards. To paint a vision of the life you want, utilize images, images, affirmations, and quotes.

A vision board can be a diary, a whiteboard, a Pinterest board, or a poster. Keep your vision board where you can see it every day, and add to it as needed or if you come across a new image or quotation that really resonates with you.

Sustain Your Dream

By feeding your visualization with positive thoughts, you can increase its effectiveness. Don't reserve all your positive emotions for the future; instead, feed your dream with joyful memories. Consider instances when you felt successful, content, and happy in your life.

These inspiring images serve to remind your mind that you have already demonstrated your capacity for leading a happy, fulfilling life. Remind yourself that you can do it, that you have done it, and that you are doing it to keep negativity at bay.

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Tim Moseley

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Gold sharply up as USDX US bond yields plummet after cooler CPI

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Gold sharply up as USDX, U.S. bond yields plummet after cooler CPI

Gold and silver prices are solidly higher in midday U.S. trading Thursday, with gold scoring a 2.5-month high and silver a 4.5-month high, following a U.S. inflation report that came in just a bit cooler than market expectations and in turn pushed the U.S. dollar index and U.S. Treasury yields sharply lower. December gold was last up $38.60 at $1,737.90 and December silver was up $0.323 at $21.66.

The U.S. consumer price index report for October came in up 7.7%, year-on-year, versus expectations for a rise of 7.9%, year-on-year, and compares to the 8.2% rise seen in the September report. This report may be the most important data point of the month, if not the quarter. A slightly cooler reading in the CPI print may influence the Federal Reserve"s decision-making process ahead of its December FOMC meeting. The Wall Street Journal is reporting the Fed is likely to raise its Fed funds rate by 0.5% in December, following a string of 0.75% increases at past FOMC meetings.

The U.S. stock indexes soared on the cooler CPI print, with Bitcoin also posting solid gains after the report. However, the crypto currency markets remain in turmoil late this week, with fears of a contagion effect and more illiquidity in the cryptos. Broker SP Angel this morning reports in an email dispatch: A proposed takeover of likely insolvent FTX crypto exchange by rival Binance is set to fail, sending Bitcoin down 26% this week and triggering concerns of wider market contagion. FTX exchange, whose founder Sam Bankman-Fried (likened to John Pierpont Morgan during the banking crisis of 1907), is looking for support for a reported $8 billion debt shortfall. The exchange"s insolvency has triggered a further step down in crypto market values, with the total crypto market cap standing at $914 billion, down from over $3 trillion in November 2021. JP Morgan are reporting crypto market participants are facing a "cascade" of margin calls, although it is unclear whether this will feed into wider equity markets.

 Gold and manipulation: The Ultimate Gold Panel with Frank Giustra & Rick Rule

The key outside markets today see the U.S. dollar index sharply down and hit a two-month low after the cooler CPI. Nymex crude oil prices are higher and trading around $87.25 a barrel. The 10-year U.S. Treasury note is yielding 3.852% and has fallen sharply in the wake of the cooler CPI report.

Technically, December gold futures prices hit a 2.5-month high today. The gold futures bulls and bears are back on a level overall near-term technical playing field. Bulls have momentum as a price downtrend on the daily bar chart has been negated. Prices this week have also seen a bullish upside breakout from a trading range, to suggest still more upside in the near term. Bulls" next upside price objective is to produce a close above solid resistance at $1,800.00. Bears' next near-term downside price objective is pushing futures prices below solid technical support at the November low of $1,618.30. First resistance is seen at today"s high of $1,757.20 and then at $1,775.00. First support is seen at $1,738.70 and then at $1,725.00. Wyckoff's Market Rating: 5.0.

December silver futures prices hit a 4.5-month high today. The silver bulls have the overall near-term technical advantage and have momentum. Prices are in a choppy nine-week-old uptrend on the daily bar chart. Silver bulls' next upside price objective is closing prices above solid technical resistance at $23.00. The next downside price objective for the bears is closing prices below solid support at $20.00. First resistance is seen at today"s high of $21.94 and then at $22.50. Next support is seen at $21.00 and then at this week"s low of $20.435. Wyckoff's Market Rating: 6.5.

December N.Y. copper closed up 720 points at 377.15 cents today. Prices closed nearer the session high and hit a four-month high today. The copper bulls have gained the overall near-term technical advantage. Prices are in a six-week-old uptrend on the daily bar chart. Copper bulls' next upside price objective is pushing and closing prices above solid technical resistance at 400.00 cents. The next downside price objective for the bears is closing prices below solid technical support at the October low of 330.30 cents. First resistance is seen at 380.00 cents and then at 390.00 cents. First support is seen at today"s low of 362.85 cents and then at this week"s low of 356.25 cents. Wyckoff's Market Rating: 6.0.

By Jim Wyckoff

For Kitco News

Time to Buy Gold and Silver

Tim Moseley

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What Is Life Without A Little Risk

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What Is Life Without A Little Risk

Introduction

What is life without a little risk? The answer, of course, is that it’s dull and boring. As humans, we all want to feel as though we are living out our lives to the fullest. We want to push ourselves beyond our comfort zones and experience new things—and a big part of that is taking risks. But what does “risk” even mean? For most people, it means something like throwing caution to the wind and going for something crazy because you have nothing to lose. While this can be fun (and useful), it doesn’t necessarily make your life better overall—especially if you don’t learn from your mistakes! So what do I mean when I say “take risks in order to live more fully”? Let’s find out together!

Risk-taking is a part of the human experience.

The fact is, risk-taking is a part of the human experience. There are risks we’ve taken that have made our lives better and there are risks that have made them worse. But risking it all for something you believe in—that’s something worth celebrating.

What people call “risk” is actually comfort zone resistance.

Being comfortable is not necessarily a bad thing, but it’s not always good either. The problem with comfort zones is that we often spend years living in them without ever realizing that there’s another way to live.

There are two ways to disrupt your comfort zone: taking risks or expanding your comfort zone. If you take risks, you could fail miserably and lose everything, but if you expand your comfort zone, then at least there will always be something new to learn about yourself and others around you.

When people say that “success requires risk-taking” or “risk = potential for reward,” what they really mean is that success requires getting out of your head enough so that new ideas can come into it—ideas that otherwise would never have been considered before because they seemed too risky (i.e., uncomfortable).

The only real risk is sitting on the sidelines.

I’m glad you asked. The only real risk is sitting on the sidelines.

You could be living with regrets, while others are living with results. You will never know what could have happened if you don’t take the first step forward and try something new.

If you want to live life at its fullest and experience all that it has to offer, then why not start today? Don’t wait for someone else to do it for you or tell you what needs improving in your life; because at the end of the day—it’s all up to YOU!

It isn’t failure that defines you—it’s how you respond to it.

If you don’t take risks, you won’t grow as a person. You will never know what you are capable of unless you challenge yourself. Risk is simply an opportunity for growth and learning.

Failure is not failure at all, but merely an invitation to learn from your mistakes and do better next time. It’s also a sign that you are pushing yourself outside of your comfort zone—a surefire way to improve yourself as a person!

You don’t need to be an expert to try something new.

I’m sure you’ve heard this before, but just in case: You don’t need to be an expert to try something new. I know, it sounds obvious and it seems silly to say it out loud. But sometimes we get caught up in the idea of perfectionism and what other people will think of us if we fail at something, so that our desire to try new things becomes overshadowed by fear and doubt.

You might be wondering what risk-taking has to do with learning a language? Well, everything! When you learn a new language, there are many risks involved—but they are all worth taking because they lead to growth. Your ability and willingness (or lack thereof) to take risks is going to determine how quickly you learn any foreign language—and whether or not you enjoy the process.

Failure is a learning opportunity.

  • Failure is part of life. We cannot avoid failure, but we can learn from it.
  • Failure is a learning opportunity. By failing to achieve your goals you have the chance to improve yourself and try again until you succeed at something, or give up altogether (which isn’t always a bad thing).
  • Failure is not the end of the world! Some people will say “Failure isn’t an option!” but this kind of attitude creates an unhealthy environment that makes failure feel like a bigger deal than it should be. Instead, think about how every time you fail you learn more about yourself and your capabilities; this allows for eventual success because there will always be another chance!
  • Failure can be catalyzed into success by learning what went wrong during each failed attempt so that when success comes along next time around there won’t be anything holding back progress anymore.”

There are no guarantees in life, so take the chance anyway.

Life is full of uncertainty, so take the chance anyway.

Let’s say you have a goal that you want to achieve in your life. You know what it is and how much work it would take, but something stops you from going after it. Maybe it’s fear or doubt or simply not knowing where to start. But I can tell you one thing: if nothing changes, nothing changes! If there’s no movement toward the goal then the goal will never be reached—it’s as simple as that!

If we don’t move forward then we stay stagnant in our life situation (or get worse), which isn’t an option for anyone who wants to grow as a person or experience more joy in their lives. It takes courage and determination but these are two traits that often come with confidence and self-love which are essential ingredients for success towards any goal worth pursuing anyway!

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Risk gives you freedom, which can open up new opportunities and pathways in your life.

Risk-taking gives you freedom. It opens up new opportunities and pathways to you. The problem with risk-averse people is that they are cautious, stuck in their comfort zone and afraid of taking any risks at all. They may have a lot of money, but they don’t have much freedom because they don’t take any chances or do anything out of their ordinary routine.

A life without risk is not a very adventurous one! Don’t get me wrong; I’m not encouraging you to run out into traffic or jump off buildings just for funsies (unless you’re Spiderman). But if there’s something new or exciting that comes along in your life that has the potential for growth, challenge yourself by saying yes!

Learning to take risks will change your life for the better!

Risk-taking is a part of the human experience. It’s what life is all about, and the only way we can grow and evolve as individuals.

What people call “risk” is actually their comfort zone resistance. We know that taking risks is good for us, but sometimes we need a little push in the right direction to get us out of our own way and into action!

The only real risk is sitting on the sidelines while life passes you by. If you’re trying something new or meeting new people, there’s always someone who will tell you it’s not safe or smart or whatever other negative thing they think might happen if they were in your shoes. But ask yourself this: Would these same people jump in front of a bus to save somebody else’s life? Of course they would—because they know that taking those kinds of actions are what make all the difference between living an exciting life full of meaning and purposefulness versus being stuck in mediocrity forever more

Conclusion

We all have things we wish we could do, but don’t. Whether it’s starting a business, traveling to a new country, or simply trying something new, the world is full of opportunities for you to live your best life. But if you stay in your comfort zone forever, how will you ever know what could have been? Taking risks can be scary—but remember that it doesn’t always mean failure! If something doesn’t work out one way, try another approach until something clicks. And remember: anything worth doing takes time and patience.

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Tim Moseley

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Gold price surges 50 should investors be selling into the rally?

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Gold price surges $50, should investors be selling into the rally?

Gold prices surged nearly $50 on Friday as the latest U.S. jobs report clarified some of the Federal Reserve's mixed messages, and China signaled a possible easing of its Covid-Zero policy. But caution is still advised as all previous quick rallies have been used as selling opportunities.

Gold has had a spectacular start to November after reporting the longest streak of monthly losses in more than five decades.

The news-filled week led to confusion in the marketplace after the Fed raised rates by 75 basis points for the fourth time in a row.

On the dovish end of things, Powell said that the U.S. central bank is now paying close attention to "the cumulative tightening" and potential "lags" with which monetary policy affects inflation and economic activity.

But on the hawkish side, the Fed chair stressed that the "ultimate level" of rates will need to be higher than previously expected and added that the window for a soft landing has "narrowed."

Things looked up for gold on Friday morning when the October U.S. jobs report showed the unemployment rate rising to 3.7% despite the higher-than-expected job gains.

"This report shows that the labor market is cooling, and that is good news. Gold is surging as the dollar is having its worst day since March 2020," OANDA senior market analyst Edward Moya told Kitco News. "The market now believes that the Fed has got a good handle on things and could go at a slower pace."

But a slowdown in the pace of rate hikes does not mean that the Fed won't go higher. "Markets are starting to price in the Fed going to 5.25%, and 2-year yield is nowhere near that," Moya said.

Following the news, the 2-year Treasury yield rose more than 50 basis points and pushed above the 10-year yield — a key recession gauge that is now sitting near 40-year highs.

"The market is thinking that the economy is slowing down, and that is reflected in the yield curve here, with the 2-year and the 10-year," TD Securities global head of commodity markets strategy Bart Melek told Kitco News.

But that is not even the whole picture. Market expectations of China easing up on its Covid-Zero policy also pushed gold higher. "We are getting speculation that China will lift those Covid-Zero restrictions or at least ease up on them, which is rallying the entire market," Melek said.

Views on the rally

Despite the stellar performance on Friday, many analysts don't believe this rally will last, as the longer-term trend for gold has been bearish.

"This is most likely a short squeeze type of rally that should be sold here," Melek said. "It's too early for gold to move up. The Fed is not finished yet."

TD Securities is projecting for gold to fall below $1,600 in the next few months as it sees the federal funds rate peaking at 5.5% instead of the previous projections of below 5%. "As the economy slows, you will start seeing real rates jump. And central banks won't be buying as much gold as they did this last quarter. The cost of carrying will be expensive," Melek added.

Every time gold has rallied recently, selling came into the market, Phoenix Futures and Options president Kevin Grady told Kitco News. "We saw a lot of people getting out of gold earlier, and this is a short-covering rally. Gold is still going to have a tough time," he said.

All eyes are now on gold's "pivotal level," which is at around $1,685 an ounce. "This is the high end of the range we've been stuck in," said RJO Futures senior market strategist Frank Cholly. "We'll probably see a rejection of this rally."

At the time of writing, December Comex gold futures were trading at $1,676.40, up 2.79% on the day.

Cholly advised getting out of long positions and taking some profits before the dollar strength came back. But if gold moves above the $1,685 an ounce level, then the outlook changes. "If we are above $1,685, then I'll rethink that strategy," he told Kitco News.

Whether or not gold can get above the next key resistance level and then move to $1,700 an ounce will depend on next week's inflation data. If the data shows price pressures coming down, gold could move up into that territory, said Moya. But a hotter-than-expected number would set a bearish tone.

Market consensus calls are looking for the October CPI number to slow to 8% from September's 8.2%.

Next week's data to watch

Thursday: U.S. CPI, jobless claims

Friday: Michigan consumer sentiment
 

By Anna Golubova

For Kitco News

Time to buy Gold and Silver on the dips

Tim Moseley

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Could This Company And Its Cohorts Overshadow Cryptocurrency? Look What’s Coming

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Could This Company And Its Cohorts Overshadow Cryptocurrency? Look What's Coming

Wall Street titans such as BlackRock and Goldman Sachs have backed a crypto company that has received more funding than almost every prevalent crypto project. In addition, this firm has funded the federal government's spending and has close connections to the Federal Reserve. It's anticipated that its stock will be listed on exchanges later this year. 

The company is Circle, the issuer of the USDC stablecoin, and it seems to be setting its sights on slowly dominating the crypto industry. It’s one company we must be mindful of if we value our financial freedom. 

Circle’s History

Interestingly, Circle didn’t start out as a stablecoin project; its history is rooted in the crypto industry and runs very deep. Circle Internet Financial Inc., or Circle, was founded in 2013 by Jeremiah Allaire and Sean Neville. Jeremy and Sean have been working together for decades to build and then sell or IPO cutting-edge technology companies, notably the Allaire Corporation and Brightcove.

One of Jeremy's oldest videos on YouTube is a presentation he did shortly before leaving Brightcove to create Circle. In this video, Jeremy explains how the final step of building a successful technology company is to exit. In other words, to sell to a more prominent company or list it on a stock exchange. Jeremy Allaire has also been involved with the World Economic Forum for many years and has videos on the WEF’s YouTube channel and a profile on the WEF’s website. 

Circle’s Vision

Jeremy has served as the chairman and CEO of Circle since it was founded, and Sean served as the president of Circle until late 2019, when he stepped down to join Circle’s board of directors. In the beginning, Circle’s focus was Bitcoin payments, similar to other payment companies like Visa and Mastercard, with a vision for bitcoin to become the base layer for a new financial system. However, the concept envisioned was not open and decentralized but closed and centralized. 

To set things in motion, Circle effectively tried to force Bitcoin to fit their vision by pushing for all the altcoin innovations, such as tokenization and smart contracts to the Bitcoin ecosystem. They also urged Bitcoin to increase its block size for scalability purposes, along with the founder of the Bitcoin Foundation, Gavin Andresen, and 60 other corporations. 

The efforts of these entities to increase Bitcoins block size hit their pinnacle in 2017 with the so-called New York Agreement. Furthermore, Digital Currency Group (DCG) reportedly oversaw the New York Agreement.  The DCG conglomerate owns Grayscale and CoinDesk and holds stakes in top crypto projects, including Coinbase and Circle. It’s not surprising that Coinbase CEO Brian Armstrong also wanted to increase Bitcoin's block size. In short, 60 corporations tried and failed to convince the Bitcoin Community to increase Bitcoin’s block size. In short, 60 corporations tried and failed to convince the Bitcoin Community to increase Bitcoin’s block size.


Digital Currency Group 

A Rough Start For Circle

In the bull run of 2017, Circle had already raised around $27 million from Goldman Sachs and others. It used this capital to create a suite of crypto services, including an OTC trading desk, and purchased the Poleniex Exchange. Around the same time, Jeremy joined the International Monetary Fund as part of the IMF’s high-level Advisory Group on Fintech. 

For context, the purpose of the IMF is to ensure that the current US-centric financial system continues without interference from cryptocurrencies and other such technologies. Curiously, Circle and other Wall Street-funded crypto companies also held a closed-door meeting with the IMF in 2017, much to the scrutiny of the crypto community, and it seems there have been many meetings since. 

By this time, Circle realized Bitcoin was not the future of payments, although Jeremy still believes BTC is digital gold and could serve as the world’s next reserve currency and has stated he holds mostly BTC and cash. Central banks also hold alternative currencies as part of their balance sheets, with the US dollar declining.  

Since the conclusion that Bitcoin couldn’t be the payment platform, Circle and others turned to Ethereum, the next-best cryptocurrency. Ethereum grew significantly during the previous bull market cycle and established ETH as the second-largest crypto by market cap. They settled on the decision the build a US dollar stablecoin in 2017, and in 2018, Circle raised $110 million from Chinese crypto mining company Bitmain and others to build its stablecoin. 
 
That same year Coinbase and Circle founded the Centre Consortium to set standards for stablecoins issued on public blockchains and to govern the issuance and redemption of the USDC stablecoin. It’s important to note that any entity part of the Centre Consortium can mint and redeem stablecoins. 

The USDC stablecoin had a rough start when it launched in September 2018 because it was in the middle of a crypto bear market by then. So there wasn’t much demand for stablecoins, and USDC's market cap remained flat primarily during this period. 

Subsequently, Circle sold its suite of products and services to focus on its stablecoin in 2019. The buyers included Kraken’s purchase of Circle’s OTC trading desk and Tron founder Justin Sun, who reportedly purchased Poloniex from Circle.

The WEF, FED, and Synthetic CBDCs

In early 2020, Jeremy attended the WEF’s annual conference in Davos, where he preached about the power of programmable money. He also discussed the importance of a partnership between the public and private sectors to “support the development of global stablecoins backed by central bank money.” Circle also published a stablecoin white paper [pdf] for the WEF.


Image source: Circle Blog

In previous interviews, Jeremy stated that the assets backing USDC would inevitably be held at the FED. As a matter of interest, most stablecoins are backed by US government debt. So, when you buy a stablecoin, you are essentially subsidizing the US government spending. That is a bit of a worry, considering many use stablecoins for safety. 

According to Grant Thornton of the Centre Consortium, the USDC in circulation is backed by the following assets: 61% cash and cash equivalents, 13% Yankee certificates of deposit or CDs, 12% US treasuries, 9% commercial paper, 5% corporate bonds, and less than 1% in municipal bonds.

Almost all of the assets backing the largest stablecoins are some form of debt, i.e., money that’s been lent out. If you’re wondering why all these stablecoin companies hold so much debt, the answer is Interest. The companies behind these stablecoins can make money on their clients’ money by lending it. This makes it possible for Circle to make billions of dollars in passive income.

What’s important to understand is that Jeremy’s repeated prediction that the FED will hold USDC reserves relates to a Synthetic Central Bank Digital Currency. (sCBDC). Synthetic CBDCs involve a partnership between a private company, in this case, Circle, and the central bank of a country, the Federal Reserve, to issue a de facto CBDC, in this case, a de facto digital dollar. 

Unsurprisingly, the IMF and the WEF are particularly interested in this synthetic CBDC setup. The question is, which Blockchain will they agree on to power a synthetic CBDC? Will it be a private and permissioned blockchain created by a big bank or a cryptocurrency? Jeremy has consistently posited the prospect of a global stablecoin that will be modeled on the IMF’s Special Drawing Rights or SDR. The SDR consists of multiple national currencies, and Jeremy believes it will eventually include BTC. 


Image source: Coingecko

A Parabolic Shift For USDC

In mid-2020, the USDC’s market cap was on the move parabolically and continued to grow as  USDC expanded to new exchanges and smart contract cryptocurrencies. Algorand was one blockchain that USDC expanded to and seemed to have a very close relationship with both Circle and the Federal Reserve. Interestingly, Circle is based in Boston, Massachusetts, and in the same proximity as MIT, where Algorand founder Silvio Micali is based. 

CBDC reports by the FED note that the Central Bank partnered with MIT to develop its digital dollar and that the FED would begin testing quantum resistance on its would-be blockchain this year. As it so happens, Algorand recently achieved Quantum resistance by introducing State proofs.

Shortly after Circle announced its multi-chain framework, Wall Street veteran and former CLS Bank CEO David Puth was appointed the CEO of the Centre Consortium. You may not have heard of the CLS Bank; however, according to Jeremy, the CLS Bank is the “biggest bank that nobody knows” and, apparently, settles more than $2 trillion of transactions per day between the 70 largest banks on the planet. 

As per the Centre’s blog post, David's job is to ensure “the most significant transformation of the international monetary system since the formation of the Bretton Woods system.” Oddly enough, David recently stepped down from the Centre Consortium to become a senior advisor to Circle, possibly because of Circle's exponential growth, which began in 2021 as Circle raised a staggering $440 million from various crypto VCs, including DCG and FTX. 

During this time, Circle offered high-yield USDC accounts to institutional investors that were returning 8% – 11% yearly, according to an interview with Jeremy from February 2021. This eventually led to allegations by skeptical journalists that Circle was engaging in extremely high-risk, DeFi activities behind the scenes to earn this high yield. Note that this is the same stuff that crypto platforms like Celsius and Voyager Digital did before they went bankrupt. 

Stablecoins Scrutinized Over Collateral Quality

Following the collapse of the crypto market and the appointment of SEC chairman Gary Gensler, stablecoins began to experience a lot of scrutiny, including USDC. The backlash prompted stablecoin issuers to publish details about the assets backing all their billions of tokens in circulation. Paxos came out as the winner for collateral quality, and Circle has since changed the composition of the assets backing USDC to match those of Paxos’s BUSD. As it stands, the USDC in circulation is currently backed by around 80% short-term US Government debt, and 20% is backed by cash. 


Image source: Cointelegraph

Assuming short-term US Government debt means 2-year treasuries, it implies that Circle is earning a yield of around 4% on almost $40 billion of reserves. If you crunch those numbers, that equals over $100 million in pure passive income every month. This incredible potential for passive profit is probably why Circle managed to secure a Special Purpose Acquisition Company (SPAC) deal for its stock to list on US exchanges.

Towards the end of 2021, Circle started to call for reasonable crypto regulations and seems to have lobbied to that end. The company also continued to expand USDC to other blockchains and started looking into stablecoins for other fiat currencies, notably the Japanese Yen and the New Zealand dollar. 

Also, in late 2021, Terra’s algorithmic UST stablecoin began to gain serious ground in DeFi protocols, where USDC had reigned supreme for almost two years. According to Decrypt, decentralized stablecoins try to avoid governance issues by maintaining their pegs through algorithms instead of through vast reserves of cash and debt. It also means their creation and destruction are done via voluntary free market arbitrage, and nobody can freeze or confiscate these tokens.

Note that all centralized stablecoin issuers have frozen tokens in the past. This occasional freezing of tokens is just the tip of the iceberg because, in a 2020 interview, Jeremy confirmed that Circle has the power to freeze all its stablecoins in circulation. This prospect is disturbing when you remember that Circle has uncomfortably close ties to Wall Street, the IMF, and the WEF. It's also disconcerting to consider that supposedly decentralized stablecoins, like MakerDAO’s DAI, are backed mainly by USDC. MakerDAO’s founder actually called for DAI to drop its peg to get off of USDC after Circle froze a bunch of tokens related to Tornado Cash. 

Digital IDs And BlackRock Emerge On The Scene

In February 2022, Circle announced the release of the Verite platform, which is instrumental in the rollout of digital identities in cryptocurrencies. Two months later, Circle announced that it had received another $400 million of funding in a round led by BlackRock, the world's largest asset manager. BlackRock and circle also entered a “strategic partnership,” which would see BlackRock manage Circle’s cash reserves. 


Image source: Decrypt

BlackRock's buy-in bought Circle’s total funding to well over $1 billion, and Crunchbase suggests that this figure is much higher, though the details of all these investments were apparently not disclosed. In any case, the market cap of Circle’s USDC hit an all-time high of over $55 billion in the aftermath of the collapse of Terras UST and the concerns around Tether’s USDT that arose during the chaos. 

Incidentally, in previous interviews, Jeremy had admitted that both stablecoins were competitors to USDC. As expected, Terra's collapse and the temporary de-pegging of USDT led to renewed calls for stablecoin regulation worldwide. It appears Circle has been involved in influencing the regulations relating to the EU’s final draft of the MiCA Bill. According to CoinBureau, this could be very favorable for Circle, in Europe anyway, and opines that it could also be the catalyst for the next bull run. 

Competition Is Rife

It’s nothing new if Circle is leveraging regulations, as incumbents have often used regulation to prevent competition. Even the Goldman Sachs CEO admitted that “burdensome regulation protects our business from startups” shortly after the bank invested in Circle in 2015. What’s interesting is that  XRP is a top competitor to the global system that Circle and the Centre Consortium are trying to create.

And it’s not just regulations these stablecoin issuers are competing with; Cryptocurrency exchange Binance recently announced it would end support for USDC and has since de-listed Circle’s prominent stablecoin. USDC's market cap has been slipping, but it took a plunge when Binance dropped USDC in September 2022. 

This means that Circle has to sell assets behind the scenes to ensure that the supply of USDC is in line with the lower level of demand for USDC following its de facto delisting. It's well within Binance’s right to make this move, and it just goes to show that crypto is hyper-competitive, and every crypto project and company has its way of cementing itself in the industry. 

In Circle’s case, this involves working with questionable global organizations and expanding on-chain, including issuing stablecoins denominated in currencies besides the USD to appease foreign governments and regulators. At this rate, it's more than likely that every national currency will have its own stablecoin issued by the Centre Consortium, a perfect synthetic CBCD. 

As with USDC, all these synthetic CBDCs will be backed by the government debt of their respective regions. It means we’ll all be subsidizing our government’s spending along with lower interest rates for institutions when the “powers that be” inevitably phase out cash. 

But Wait…There’s More


Image source: Coindesk

More recently, Circle announced that it would expand to five additional smart contract cryptocurrencies and introduce a cross-chain interoperability protocol for its stablecoins. It also announced that it had partnered with Jack Dorsey’s Block to bring USDC to Bitcoin and to think Jack Dorsey is a Bitcoin maximalist! 

Circle is also quickly taking over every smart contract cryptocurrency. With its stablecoin reserves being held by the FED, Circle could potentially have access to unlimited liquidity, aka the money printer. With the money printer in its grip, Circle will have the power to control every proof of stake smart contract cryptocurrency. Case in point, Ethereum creator Vitalik Buterin recently admitted that Circle would have the power to decide the future of forks on Ethereum due to its stablecoin liquidity. 

For what it's worth, it looks like Bitcoin’s BTC and physical cash will offer protection from the upcoming dystopia that Circle and its affiliates are not so subtly rushing to roll out. Which begs the question, why else would Jeremy hold most of his wealth in cash and BTC? Maybe, he knows what's coming? 

To Jeremy's credit, he wants stablecoins to be as cash-like as possible, meaning transaction privacy and no KYC. The problem is that the regulators will probably never allow this. As we already know, the institutions' that Circle has aligned itself with explicitly want to take control of every transaction we make forever. 

As mentioned earlier, Circle’s co-founders have a history of building up and then exiting cutting-edge tech companies. This raises the question of whether Jeremy and Sean will do the same with Circle once its stock has IPO’d via the SPAC. Circle could become the most valuable company on the planet if it succeeds in its mission of literally recalibrating the global financial system around stablecoins. 

The only issue with this analysis is that fiat currencies are failing, and stablecoins probably won't help much. Jeremy seems to be highly aware of this, and that is ostensibly why he's so bullish on BTC. As such, it's probably wise to watch whether he leaves Circle after its IPO. If he does, it probably means he knows that Circle will inevitably fail. 

On another note, if you’re wondering which blockchain Jeremy believes will support all of Circle stablecoins, the short answer is all of them. The Circle team seems to be genuinely blockchain agnostic, and Jeremy thinks each smart contract cryptocurrency will have a piece of the financial puzzle. In sum, Circle will probably become the most influential company in cryptocurrency, maybe even the entire world, but it will arguably fail because it's fundamentally leveraging failing fiat currencies.


Image Source: Markethive

The Optimistic Approach

A redeeming feature is that Circle’s domination will make the average person comfortable with cryptocurrency. With special thanks to Guy at CoinBureau for his insights and his take on the final objective, he postulates,

“If I had my tinfoil hat on, I’d tell you that was the end game all along. Partner with all international organizations and the financial system, convince them to adopt stablecoins, sneak BTC in through the back door with an IMF SDR stablecoin and turn BTC into the world's next Reserve currency.” 

That is an outcome we would all love to see because the alternative will see us perpetually enslaved by these technocrats. We must also remember that decentralized cryptocurrency is vastly different from a centralized digital currency and extremely difficult for so-called authorities to over-regulate. I doubt they even know what they’re dealing with to the full extent. 

We have committed and robust communities that are creating ecosystems with crypto utility, built on supply and demand with a free market principle, and will always have a place in society, even if it’s in a Parallel Economy. This is where entrepreneurs rise, reclaim their sovereignty and freedom, and thwart the misaligned, agenda-driven elite. I’ll follow up with an article where we’ll discover what the individuals in power are planning about a new kind of social credit score. It’s wise to be aware. 

 

 

 

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

 

 

 

 

 

Tim Moseley

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Gold price sharply up after Goldilocks US jobs report

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Gold price sharply up after "Goldilocks" U.S. jobs report

Gold and silver prices are sharply higher in early U.S. trading Friday, boosted by a U.S. jobs report that landed in the sweet spot of marketplace expectations for the report. Silver prices notched a three-week high. Strong gains in crude oil prices and a weaker U.S. dollar index are also bullish outside market forces for the metals on this day. Short covering by futures traders is featured in both precious metals markets to end the trading week. December gold was last up $28.40 at $1,659.60 and December silver was up $0.785 at $20.22.

The just-released monthly U.S. employment report for October from the Labor Department showed the key non-farm payrolls number up 261,000, which was above the expected rise of 205,000 and compares to the gain of 263,000 seen in the September report. Gold prices added to their solid overnight gains after the release of the report, as analysis are saying this is a Goldilocks report that is "not too hot and not too cold"—meaning it is not too strong to prompt the Federal Reserve to become more aggressive in tightening its monetary policy, nor is it too weak to cause more concern about a U.S. economic recession.

Global stock markets were mostly higher overnight. U.S. stock indexes are headed for higher openings when the New York day session begins, on corrective bounces from the selling pressure seen the past three sessions, and on the U.S. job report numbers landing in the "sweet spot" of the marketplace expectations.

In overnight news, the Euro zone September producer price index came in at up 41.9%, year-on-year, which was near expectations. Soaring energy costs in Europe are driving the PPI sharply up.

Gold price to trade at $1,700 next year as Fed, dollar outlooks shift, says Capital Economics

The silver market bulls have outperformed gold bulls recently. One reason may be rising demand for India. Broker SP Angel today said in an email dispatch: "Silver India's insatiable appetite for silver eats into global warehouse inventories. Analysts expect Indian silver consumption to haveincreased over 80% this year. Indian silver buying was hit hard over the two covid years but 2022 purchases have seen a major jump in demand. Traders are reporting London and Hong Kong warehouse inventory levels, as pent-up demand feeds into the market."

The key outside markets today see the U.S. dollar index lower on a corrective pullback from strong gains Thursday. Nymex crude oil prices are sharply higher and trading around $91.50 a barrel. The 10-year U.S. Treasury note is yielding around 4.2%.

Other U.S. economic data due for release Friday includes the global services purchasing managers' index.

.]

Technically, the gold futures bears have the solid overall near-term technical advantage. Bulls' next upside price objective is to produce a close above solid resistance at $1,700.00. Bears' next near-term downside price objective is pushing futures prices below solid technical support at $1,600.00. First resistance is seen at this week's high of $1,673.10 and then at $1,679.40. First support is seen at $1,650.00 and then at the overnight low of $1,631.10. Wyckoff's Market Rating: 2.0

The silver bulls have regained the overall near-term technical advantage. A choppy uptrend is in place on the daily bar chart. Silver bulls' next upside price objective is closing prices above solid technical resistance at the October high of $21.31. The next downside price objective for the bears is closing prices below solid support at $18.00. First resistance is seen at $20.50 and then at $21.00. Next support is seen at $20.00 and then at the overnight low of $19.425. Wyckoff's Market Rating: 6.0.

By Jim Wyckoff

For Kitco News

Time to buy Gold and Silver on the dips

Tim Moseley

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Geomarketing: The Future of Marketing and Advertising

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Geomarketing: The Future of Marketing and Advertising

MARKETHIVE

Introduction

Geomarketing is a new way of marketing and advertising your business. It uses data, tools, and technology to help you better reach your customers and potential customers based on their location. Geomarketing helps improve customer-company interactions by providing information about them such as how often they visit or spend money at your location. It can also be used to find new ways to advertise in local areas or even draw attention from nearby stores that sell similar products.

ecosystem for entrepreneurs

What is geomarketing?

Geomarketing is a way to use data and tools to better connect with your customers. It's the process of using data to understand where your customers are and how you can reach them. By pairing geolocation with a business's existing marketing efforts, geomarketing can help increase customer retention and spur new growth for both brick-and-mortar businesses and online retailers alike.

Geomarketing solutions are now available to small businesses.

Geomarketing solutions are now available to small businesses. Geomarketing is a great way to connect with customers and promote your products, services, and brand. Geomarketing solutions are affordable for small businesses.

There are many ways that geomarketing can help you reach your target audience, including:

  • Using local search engine optimization (SEO) techniques to promote your business online through search engines like Google or Yahoo!

  • Promoting online reviews of your products or services on sites like Yelp and TripAdvisor

  • Advertising on social media platforms like Facebook and Twitter

The future of geomarketing.

Geomarketing is a powerful tool for businesses to use to gain insight into their customers and their behavior. Companies can use geomarketing to improve their business in a variety of ways, including:

  • Improve their understanding of customer behavior by using data on location, device type, browsing patterns, and more.

  • Find new opportunities for growth by targeting customers in under-served areas or markets that have potential for growth.

  • Increase sales by marketing products where customers are already spending money (e.g., direct mail).

Geomarketing makes use of data and tools to better connect with your customers.

Geomarketing is a way to reach customers based on their location. It uses data and tools to better connect with your customers, allowing for more relevant advertising that increases sales.

Think about it like this: if you’re selling shoes in Chicago, you want ads to show up when people are looking at their phones while walking down Michigan Avenue—not when they’re sitting in an office building on the other side of town. Geomarketing uses data from GPS-enabled devices like smartphones and tablets to determine where customers are located so that advertisers can send them ads based on where those people are at any given moment.

How Geomarketing has evolved

  • Geomarketing is the use of location data to improve marketing and advertising

  • Geomarketing is a subset of geo-targeting, which means it relies on information about where people are physically located. It's a form of data analytics that helps businesses target their products and services at specific groups or individuals. For example, you might use geomarketing if you wanted to advertise swimsuits in Miami during winter or sell snowshoes in Hawaii during summertime.

  • Geomarketing has been around for a long time, but only recently has it become more accurate thanks to advancements in technology such as GPS-enabled smartphones, big data processing tools like Hadoop, cloud computing resources like Amazon Web Services (AWS), and visualizations such as Google Maps Engine

The Benefits of Geomarketing,

Geomarketing is based on the power of location data. By leveraging this information, geomarketers are able to put the right message in front of the right customer at the right time. This makes it a great way to target customers and improve conversion rates.

Future of geomarketing and how to stay current with trends and technologies

Geomarketing is a powerful tool that can be used to improve business performance. But it’s not necessarily a new concept—the idea of geomarketing has been around for many years. In fact, the first known use of geo-targeted advertisements was in 1887 by an English shoe shop owner who put up signs on lamp posts near train stations and other places where people would see them.

As digital marketing continues to grow and evolve, geomarketing will become even more popular as marketers realize how they can reach their customers where they are—and with more targeted ads than ever before! But keep in mind that it isn't just about knowing how many users are seeing your ad or how far away they live from you; it also means understanding why these users are visiting certain locations at specific times (and what types of businesses are located there).

Conclusion

Geomarketing is one of the fastest-growing areas of marketing. In fact, some estimates suggest that it will grow to a billion-dollar industry by. The technology behind geomarketing makes this possible because it can help you target customers based on their physical locations rather than just online behavior or demographics alone. That means you can reach more people with less effort and spend less money doing so!

Get 10% off Made in the USA candy from Old Time Candy + Free Shipping On Orders Over $250 In The Continental U.S. At OldTimeCandy.com!

Tim Moseley

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How to Increase Website Traffic with Automation Tools

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How to Increase Website Traffic with Automation Tools

markethive

Introduction

Automation has become an increasingly popular way to manage social media and your blog. Automating the process of sharing posts, scheduling content, and engaging with your audience can save you time so you can focus on other areas of your business. In this article, we'll discuss how automation works and how to use it effectively for your blog. We'll also talk about some tools that make this possible.

ecosystem for entrepreneurs

What is automation?

Automation is a tool that allows you to schedule your posts for the future. For example, if you want to share an article at 3:00 p.m. every weekday, automation can make it happen without having to manually post every day at 3:00 p.m., and without having to worry about forgetting or missing a post here or there.

Automation can also help manage your social media presence more efficiently, saving you time that can be spent elsewhere on tasks such as engagement with readers or growing your following on Pinterest and YouTube.

Automation tools

In this section, we'll look at how you can use automation tools to increase your website traffic.

Automation tools are software programs that automate certain tasks on your blog. These tasks include the publishing of new blog posts, sending out email notifications, or posting tweets and Facebook updates automatically when you publish a new article. There are many different tools available for automating your website but some of my favorites include:

  • Social Warfare (free) – A social media management plugin that allows you to schedule posts on all major networks including Facebook and Twitter as well as Google+ pages and LinkedIn profiles. You can also use it to create custom tabs that show up next to your content (including contact details) so that readers can easily connect with you after reading an article or watching a video. Social Warfare integrates nicely with other WordPress plugins like Yoast SEO so if someone leaves comments on one of your articles then those comments will show up in the social tab too!

  • IFTTT (free) – If This Then That is an amazing tool that allows users to create automated "recipes" based off triggers from various services such as Gmail inboxes or weather reports from websites like Weather Underground. For example: if I receive an email from my wife saying "Hey honey let's go get ice cream!" then IFTTT could automatically send me a text message stating "I heard you wanted ice cream! So do I :)". Or another example would be if it's raining outside then send out a tweet reminding people not to forget their umbrellas before heading out into stormy weather 😉

Sked Social

Sked Social is a social media scheduling tool that allows you to schedule posts across multiple social media platforms. This tool is great for bloggers and social media marketers alike, as it helps you save time and money by scheduling your posts ahead of time. You can easily create an editorial calendar on Sked Social so that your team can stay updated with the latest content related to their niche.

You can also use this tool to plan out when each of your employees will publish their posts. This will help them avoid overlapping or double-booking themselves on any given day!

Kontentino

Kontentino is a social media scheduler that allows you to schedule posts to your blog and social media accounts. It is a paid tool and offers some of the most advanced features in this category such as alerts, analytics and even post templates.

Kontentino allows you to schedule posts for multiple social media platforms, including Facebook, Twitter, LinkedIn, Pinterest, and Instagram. You can also create different types of posts like:

  • Posts (text)

  • Links (with or without images)

  • Videos from YouTube or Vimeo (or other video services), which are uploaded directly into Kontentino with one click!

MeetEdgar

MeetEdgar is a tool that allows you to schedule your social media posts and blog posts in advance. You can use MeetEdgar to schedule your tweets, Facebook posts, and blog posts.

MeetEdgar has a free version and a paid version. The free version allows you to schedule up to 2 social media or blog posts per week with no limitations on the number of characters or images used in each post. The paid version gives you unlimited access to all features for $15/month (or $150/year).

PostPlanner

PostPlanner is a social media management tool that helps you plan and publish content across a number of platforms.

You can use PostPlanner to schedule posts, track performance, and monitor engagement and conversions.

PostPlanner’s software lets you easily create editorial calendars for your blog or business website so you can make sure everything is running smoothly on all fronts. It also offers analytics for each post to help you analyze its performance in terms of clicks, likes, and shares—and even gives suggestions on how to improve it before publishing again!

Blog2Social

Blog2Social is a tool that helps you automate the process of getting your blog posts out to social networks. It takes advantage of RSS feeds, so it's easy to get set up and use.

There are three main ways Blog2Social can help you increase traffic:

  • Schedule posts from your blog or website.

  • Create a custom feed for each network (or for just one social network). This way you don't have to go through all the hassle of setting up multiple accounts on every different platform; instead, you can just feed them into one account and schedule it all in one place.

  • Send web traffic from your website or blog directly back to itself. This lets people come back later when they see something interesting on Facebook or Twitter that links back to your site — they may even subscribe!

Hootsuite Pro

  • Hootsuite Pro is a social media management tool that allows you to schedule posts, track your performance, and monitor your brand mentions.

  • You can use Hootsuite to measure the impact of your social media efforts by tracking specific metrics like the number of new followers, clicks on links in your Twitter bio, and more.

  • The tool also allows you to schedule post reminders so you're always publishing content when it's best for attracting customers.

Automation can help you manage your social media presence more efficiently, saving you time that can be spent elsewhere.

Automation tools can help you manage your social media presence more efficiently, saving you time that can be spent elsewhere. Automation tools are also very useful for scheduling posts and engaging with your audience.

You can use automation to:

  • Schedule posts to various platforms on the same day or at different times, saving you the trouble of having to post them manually.

  • Automatically share content from other websites or blogs onto yours – this helps increase traffic on both sites due to cross-promotion.

  • Engage with followers more often by replying to comments and mentions in real-time (or near real-time), keeping conversations alive and making it easier for people who are interested in what you're saying or offering on social media platforms like Facebook and Twitter but don’t have the time right now because they're busy working at their jobs instead!

How to set up an automated system for your blog

To set up an automated system for your blog, follow these steps:

  • Create a schedule for your blog

  • Create a workflow for your blog

  • Create a system for your social media

The benefits of automating your blog

Automating your blog can help you save time and focus on other aspects of your business. As the owner of a business, you may have many responsibilities that need to be completed daily. Automating tasks allows you to focus on other projects or spend more time with family. Social media management is one of those tasks which can be helped by automation tools, allowing for more efficiency and productivity throughout the day.

How to use the tools effectively in order to get results quickly

The best way to get the most out of your automated processes is by testing and measuring them. Don't expect results right away, but keep an eye on how often your posts are shared or clicked on each month. If you notice they're not performing as well as they could be, maybe you need to try a different tool or tweak your approach. Some tools work better than others for different types of blogs; some might require a lot more work than others just because they're so specific in their function.

Use automation tools together whenever possible, rather than separately—this helps ensure that all aspects of your social media presence are covered at once instead of only one or two aspects getting all the attention at once (and then little else). For example: if one tool does really well with Facebook posts but another tool does really well with Twitter posts but neither does very well for Pinterest pinning… perhaps it would be better to find someone who can do all three things rather than trying three different people who each specialize in just one thing!

Conclusion

Automation can be a powerful tool for any blogger. If you’re looking for a way to streamline your social media presence, these tools are an excellent place to start. They make it easier than ever before to schedule posts on multiple platforms at once and keep up with all of your social media accounts in one place.

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Tim Moseley

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Gold silver down amid strong greenback rising bond yields

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Gold, silver down amid strong greenback, rising bond yields

Gold and silver prices are lower in midday U.S. trading Thursday, with gold hitting a six-week low in overnight dealings. Silver prices have rebounded well off daily lows. Very sharp gains in the U.S. dollar index and rising U.S. Treasury yields, along with lower crude oil prices, pressured the precious metals markets today. December gold was last down $22.20 at $1,627.80 and December silver was down $0.239 at $19.36.

A still-hawkish Federal Reserve is keeping the metals market bulls squelched. The Fed's Open Market Committee (FOMC) statement Wednesday afternoon initially was viewed as less hawkish. The U.S. central bank raised its main Fed funds rate by 0.75%, to 4.0%, as expected. The FOMC statement said the Fed will take into consideration the health of the U.S. economy after its recent "cumulative tightening." The markets initially read that statement as leaning less hawkish on U.S. monetary policy going forward. The U.S. dollar index sold off and U.S. Treasury yields dropped, while U.S. stock indexes and gold rallied. However, once Fed Chairman Powell started speaking at his press conference and took a still-hard line on the Fed's intent to keep raising rates to stop problematic price inflation, the aforementioned markets promptly reversed course. "Powell dropped the hammer," quipped one business TV anchor. Powell in his presser implied the Fed's terminal interest rate may have to rise higher than earlier Fed expectations—likely above 5%–and stay at that higher level for longer. Notions of a Fed pivot on its aggressive monetary policy tightening were dashed at Powell's presser. More hawkish central banks and in turn weaker economies also suggest less consumer and commercial demand for the metals.

Expect a '75 bps hike,' as Powell zeroes in on inflation – Chance Finucane

Global stock markets were mostly lower overnight. U.S. stock indexes are lower at midday. Risk-off attitudes are keener in the marketplace late this week.

The key outside markets today see the U.S. dollar index very sharply higher. Nymex crude oil prices are lower and trading around $89.00 a barrel. The 10-year U.S. Treasury note is yielding 4.149%.

Focus quickly turns to Friday's monthly U.S. employment report for October from the Labor Department. The key non-farm payrolls number is expected to come in at up 205,000, compared to a rise of 263,000 in the September report.

Technically, the gold futures bears have the solid overall near-term technical advantage. Prices are in a longer-term downtrend on the daily bar chart. Bulls' next upside price objective is to produce a close above solid resistance at $1,700.00. Bears' next near-term downside price objective is pushing futures prices below solid technical support at $1,600.00. First resistance is seen at today's high of $1,643.20 and then at $1,650.00. First support is seen at today's low of $1,618.30 and then at $1,600.00. Wyckoff's Market Rating: 1.0.

The silver bulls have the slight overall near-term technical advantage. Prices are still in a choppy two-month-old uptrend on the daily bar chart. Silver bulls' next upside price objective is closing prices above solid technical resistance at the October high of $21.31. The next downside price objective for the bears is closing prices below solid support at $18.00. First resistance is seen at $19.60 and then at this week's high of $20.11. Next support is seen at $19.00 and then at today's low of $18.805. Wyckoff's Market Rating: 5.5.

December N.Y. copper closed down 385 points at 342.95 cents today. Prices closed near mid-range today. The copper bears have the overall near-term technical advantage. However, recent price action suggests a market bottom is in place. Copper bulls' next upside price objective is pushing and closing prices above solid technical resistance at the September high of 369.25 cents. The next downside price objective for the bears is closing prices below solid technical support at the September low of 324.30 cents. First resistance is seen at this week's high of 350.85 cents and then at the October high of 359.30 cents. First support is seen at this week's low of 336.15 and then at the October low of 330.30 cents. Wyckoff's Market Rating: 4.0.

By Jim Wyckoff

For Kitco News

Time to buy Gold and Silver on the dips

Tim Moseley

The Artist that came out of the Winter