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Gold prices pull back as Middle East tensions ease silver maintains bullish bias – DailyFX’s Snow

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Gold prices pull back as Middle East tensions ease, silver maintains bullish bias – DailyFX's Snow

Gold prices have come off their recent highs due to successful diplomatic efforts which have allowed for a near-term de-escalation in the Middle East, according to Richard Snow, Strategist at DailyFX.

In his analysis, Snow noted the recent agreement that will see aid flowing to the civilian population in Gaza after two Israeli hostages were released. “This and other ongoing conversations could result in a momentary respite in what has otherwise been a frantic war with the potential to spillover into a regional conflict,” he wrote.

Snow said he believes that the gold market has taken this an opportunity to take some risk off the table and reassess the next move. “Panic buying of the safe haven metal led gold higher, only showing a loss of momentum around the $1985 level,” he wrote.

The 30-day expected gold volatility index (GVZ) has escalated towards levels not seen since the collapse of SVB amidst the regional banking turmoil earlier this year. “Such a surge in expected volatility suggests gold is likely to remain well supported as GVZ tends to rise more when gold prices accelerate,” he said.

Silver has risen as well, Snow noted, but not to the same degree as the safe-haven yellow metal.

“XAG/USD rose and breached the 200-day simple moving average, posting a close marginally above the line,” he wrote. “The long upper wick provided the first clue of waning bullish momentum and since then, silver has been on the decline.”

Snow pointed out that the temporary reprieve highlights the 38.2% Fibonacci retracement of the 2021 to 2022 major move around 22.35. “However, the bullish bias remains intact, with a return to 23.20 not out of the question and even a possible advance towards the 50% Fibonacci level as a guideline,” he wrote.

By

Ernest Hoffman

For Kitco News

Time to Buy Gold and Silver

Tim Moseley

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In terms of online advertising what are the advanced techniques and tools used to optimize ad campaigns for maximum return on investment?

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In terms of online advertising, what are the advanced techniques and tools used to optimize ad campaigns for maximum return on investment?

ads

One possible reason for a high click-through rate (CTR) but low conversion rate in an online ad campaign is a poorly designed landing page or a disconnect between what is shown in the ad and what is presented on the landing page.[1] If the ad promises one thing, but the landing page doesn't deliver it, visitors may quickly leave without converting.

Other possible reasons include targeting the wrong audience, over-promising in the ad, not optimizing the ad for the right keywords, or having a complicated conversion process that discourages users. [1][2]

To determine the specific issue with the ad campaign, it might be helpful to analyze the data and identify where users are dropping off in the conversion process. [2] Once the issue is identified, steps can be taken to improve the ad campaign and increase the conversion rate.

ecosystem for entrepreneurs

Sources:
https://databox.com/high-ctr-low-conversion-rate-causes

https://www.wordstream.com/blog/ws/2022/08/02/high-ctr-low-conversion

When it comes to optimizing online ad campaigns for maximum return on investment (ROI), there are several advanced techniques and tools available. Here are some strategies to consider:

Targeting and segmentation: Instead of casting a broad net, implementing precise targeting and segmentation allows you to reach a highly relevant audience. By narrowing down your target audience based on demographics, interests, and behavior, you can optimize your ad campaigns for better performance and higher ROI1.

A/B testing: Testing different variations of your ad campaigns can help identify the most effective elements. By testing different headlines, ad copy, visuals, and call-to-action buttons, you can optimize your campaigns based on real-time data and insights2.

ecosystem for entrepreneurs

Conversion tracking and analytics: Implementing conversion tracking tools and analytics platforms enables you to measure the success of your ad campaigns. By tracking conversions and analyzing data, you can identify which campaigns are generating the highest ROI and make data-driven decisions to optimize your future ad spend3.

Remarketing: Utilizing remarketing techniques allows you to target users who have already shown interest in your products or services. By displaying ads to users who have previously visited your website or interacted with your brand, you can increase the chances of conversions and improve your ROI4.

Bid management and optimization: Advanced bidding strategies and tools can help optimize your ad spend for maximum ROI. Implementing strategies such as automated bidding, bid adjustments based on device or location, and utilizing bid management tools can help ensure that you are bidding efficiently and getting the most out of your budget5.

Ad fraud prevention: Ad fraud can significantly impact the ROI of your campaigns. Implementing ad fraud prevention tools and ensuring that your ads are being displayed to real, engaged users can help maximize your ROI by avoiding wasted ad impressions and clicks6.

It's important to note that the effectiveness of these techniques and tools may vary depending on your specific industry, target audience, and campaign objectives. Continuously monitoring and optimizing your campaigns based on data and performance metrics is key to maximizing your return on investment.

Sources:
Nielsen. How to Maximize Marketing ROI at Every Budget Size ↩

HubSpot. A/B Testing ↩

Google Analytics. Track your goals with conversions ↩

Google Ads. Remarketing ↩

Google Ads. Bid simulator and adjusting bids ↩

IAB. Ad Fraud ↩

 

Tim Moseley

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Another one bites the dust: gold price hits a record high against Aussi dollar

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Another one bites the dust: gold price hits a record high against Aussi dollar

The gold market continues to attract attention as prices push back to $2,000 an ounce, with many analysts now saying that the precious metal could be on its way to all-time highs.

However, as a global monetary metal, gold has already hit all-time highs in some currencies this year, with the latest being the Australian dollar, rallying briefly to A$3,159. Reflecting the broader market, gold has been pushing higher against the Aussie dollar as Israel’s war with Hamas continues to create significant chaos in the Middle East.

“The conflict between Israel and Palestine over the Gaza Strip is still deteriorating, prompting the flight to gold,” said Dr. Sandra Close, a director for Melbourne-based gold consultants Surbiton Associates. “Time and again, gold has proved to be an important safe haven during times of international conflict and uncertainty.”

Analysts note that gold’s all-time high will provide solid support for Australia’s gold mining sector. The country is the world’s third top gold producer.

In a report published last month, Surbiton said that Australian miners produced 80 tonnes of gold in the third quarter, an increase of eight tonnes, or 11%, from the second quarter.

“The gold output for the 2022/2023 financial year totaled around 306 tonnes, some 10 tonnes, or nine percent, lower than in the previous financial year,” Surbiton said in the report.

Close noted that better weather through Australia’s winter months allowed gold producers to process higher-grade ore. She added that at current prices, the sector is worth around $30 billion.

The Australian dollar is just the latest currency to lose value against gold.

The precious metal continues to hit fresh new highs against the Japanese yen on a daily basis. One ounce of gold is now worth ¥296,735.90.

Gold is also trading at record highs against the Chinese yuan at CNY14,488.70 an ounce.

Gold has seen significant Asian demand in recent weeks. Analysts note that Japanese investors want to protect their purchasing power as the yen has seen substantial weakness in global currency markets.

At the same time, Chinese investors are turning to the yellow metal to protect themselves from a slowing economy.

In a recent interview with Kitco News, market strategists at the World Gold Council said that global investors should monitor these growing trends in these two Asian Markets.

  Gold prices ending the week around $2,000 as geopolitical uncertainty overshadows rising bond yields

“I think what is driving gold demand in Asia is global geopolitical risks and capital flight being triggered by the prospect of a weak Chinese economy,“ said John Reade, chief market strategist at the WGC.

“Many Chinese investors have built massive real estate positions in their portfolios and now they are looking to diversify and gold is the next logical asset to own,“ added Joseph Cavatoni, North American market strategist.

The two analysts also said that Japan could be a major source of physical demand in the new year.

“This could become a significant trend for the global market as Japanese consumers have a lot of cash savings, which makes sense when you have decades of deflation,“ said Reade.

Although the global gold market is priced in U.S. dollars, both Read and Cavatoni noted the fact that the yellow metal has hit record highs in multiple currencies this past year is a strong signal that global demand remains healthy.

By

Neils Christensen

For Kitco News

Time to Buy Gold and Silver

Tim Moseley

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Gold price to see wild 100 daily gains Bitcoin rally to follow if Middle East tensions escalate and spillover into ‘unmitigated disaster’ – Larry Lepard

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Gold price to see wild $100+ daily gains, Bitcoin rally to follow, if Middle East tensions escalate and spillover into 'unmitigated disaster' – Larry Lepard

Turmoil in the Middle East is keeping investors on edge, and gold is one of the first assets to react — rising above the critical psychological level of $2,000 an ounce and trading near 2.5-month highs on Friday.

It won’t be surprising to see gold witness daily gains of $100+ as the Israel-Hamas war escalates, Larry Lepard, Managing Partner and Founder of Equity Management Associates, told Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News.

"Gold has gone up a lot in a very short period of time," Lepard said Thursday. "And that’s a combination of the war and also sniffing out the underlying problem in the bond market. When geopolitical trouble arises, gold tends to smell it first."

Gold has gained over $160 since the terrorist group Hamas attacked Israel on October 7, killing more than 1,400 people, mostly civilians. Since then, the conflict has been escalating, with gold crossing the $2,000 an ounce level Friday and December Comex gold futures last trading at $2,005.90, up 1.28% on the day.

Markets are digesting the latest developments ahead of another uncertain weekend, including the Pentagon stating that the U.S. Navy warship intercepted three cruise missiles and several drones launched by the Iran-aligned Houthi movement from Yemen. Also, Iran called for an embargo against Israel, including an oil embargo on the country. Iran has also warned that if Israel proceeds with a ground operation into Gaza to retaliate against Hamas and rescue the hostages, it will activate its terrorist proxy groups on multiple fronts.

There is a 20% chance that this conflict will escalate into an "unmitigated disaster," said Lepard, with economic consequences that would "probably be bigger than 2008, and it's probably bigger than in 2020. What could happen that would be bigger than those two things? It'd be a really major war. It doesn't strike me as impossible," he pointed out.

The United States has been living in a false narrative that everything is well. But the regional banks still have $600 billion of commercial real estate losses, according to Lepard.

"You know something is going to break, and then it's going to cascade very similar to the way it did in 2008," Lepard described. "It would be an unmitigated disaster. And I don't think there's any way the Federal Reserve wouldn't be called upon to quote-unquote do the patriotic thing and print the money necessary to keep the system going, inflation be damned."

This could mean a major stock market selloff between 30% and 50%. For gold, this would translate into $100+ daily price moves, with Bitcoin likely following at some point.

Lepard envisions similar-sized price moves as in March 2020 after the Federal Reserve stepped in to support the U.S. economy, and gold surged, hitting record highs. "Gold went up a hundred dollars a day, two days back to back. You never see that. And that's what would happen again this time. So I think everybody has to be prepared for that," Lepard noted.

  The monetary system today: 'Council of elders deciding the price of money' – Lyn Alden

Best-case and worst-case scenarios

Even in the best-case scenario, in which the Israel-Hamas war does not escalate into a major regional conflict or a WWIII-type situation, gold is looking to hit $2,500 an ounce after it goes through $2,100, Lepard told Kitco News.

"Gold will get through $2,100, which is a very important level. And when it goes through that, people will chase a new all-time high. We'll be at $2,500, maybe even $3,000," he said. "Assuming an absolute best case in the war, we're still screwed monetarily and economically."

Bitcoin will also likely catch the safe-haven bid and follow gold’s rally. "My target for mid to the tail-end of next year is $2,500 to $3,000 gold and $50k-$100k Bitcoin," he added. "That’s assuming a best case scenario in the war — that things calm down and nothing gets worse."

To learn when Bitcoin is likely to start rallying, watch the video above.

At the same time, the worst-case scenario, in which the Israel-Hamas conflict turns into a major war, is not all that implausible either, according to Lepard.

The Fed’s easing cycle is near, what it means for markets

There's a high probability that the Fed is done hiking because the bond market is signaling that something is close to breaking, Lepard said.

The yield on the benchmark 10-year Treasury, which moves inversely to prices, is trading above 4.9% — a level last seen in 2007.

"The Fed knows that if they continue to raise rates, they're going to break the bond market. They may have already broken it, but they're going to break it to the point that it's irreparable. So I think what we're moving towards is monetary easing," Lepard said. "And that's what gold smells. Gold also smells war, and gold always goes up when there's instability."

Watch the video above to get Lepard’s take on the Fed’s next step and what the central bank’s Chair Jerome Powell is afraid of going into the year-end.

Lepard also explores the idea of sound money and which safe haven assets are the best to hold during heightened geopolitical uncertainty and makes the case for Bitcoin as well as gold. Watch the video above for details.

By

Anna Golubova

For Kitco New

Time to Buy Gold and Silver

Tim Moseley

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Opportunity with Godesanacom: A Detailed Description

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Opportunity with Godesana.com: A Detailed Description

GoDesana.com is a company that offers an income opportunity for those interested in the wellness industry. The company claims to provide pure, organic, and wild-crafted essential oils and other wellness products. GoDesana.com has eliminated the hurdles to getting started with no sign-up fees, no auto-delivery requirement, no investment, and no personal purchase requirements to earn.

The company's compensation plan is designed to reward affiliates for their efforts in building their business. According to the company's website, affiliates can earn money through retail sales, team commissions, bonuses, and incentives. GoDesana.com claims that their compensation plan is one of the most lucrative in the industry, paying out every day of the week.

Key Takeaways

  • GoDesana.com offers an income opportunity for those interested in the wellness industry.
  • The company provides pure, organic, and wild-crafted essential oils and other wellness products.
  • The compensation plan is designed to reward affiliates for their efforts in building their business.

About GoDesana

GoDesana is a company that offers essential oils, personal care, weight loss, nutrition, and home products. The company was founded by Paula Scarcella and Alexandria Brighton in 2007, and its headquarters is located in Chandler, Arizona, USA.

Founders and History

Paula Scarcella and Alexandria Brighton are the founders of GoDesana. Scarcella has over 30 years of experience in the network marketing industry, while Brighton is a certified aromatherapist with over 30 years of experience in the field of natural health. Together, they created GoDesana with a mission to provide pure, natural, and organic products to people around the world.

GoDesana has been in business for over a decade and has built a reputation for providing high-quality products to its customers. The company has received positive reviews from customers who appreciate the quality and effectiveness of its products.

Affiliation with Green Organics International

GoDesana is affiliated with Green Organics International, a company that specializes in organic and natural products. Green Organics International is a network marketing company that offers a variety of products, including health and wellness, personal care, and home care products.

As an affiliate of Green Organics International, GoDesana offers its products through a network of independent distributors. This allows customers to purchase GoDesana products directly from distributors and also provides an opportunity for individuals to earn income by selling GoDesana products.

Overall, GoDesana is a reputable company that offers high-quality products and an opportunity for individuals to earn income through its network marketing program.

Product Overview

GoDesana.com offers a wide range of products that are designed to cater to different aspects of health and wellness. Their product line includes essential oils, aromatherapy, tea and herbal products, nutrition and supplements, personal care, and weight loss products.

Essential Oils and Aromatherapy

GoDesana.com offers a variety of essential oils that are 100% pure, organic, and wild-crafted. Essential oils are derived from plants and are used for aromatherapy, massage, and other therapeutic purposes. They are known for their calming and soothing effects and can help relieve stress, anxiety, and other emotional issues.

Tea and Herbal Products

GoDesana.com offers a range of tea and herbal products that are designed to promote health and wellness. Their tea blends are made from organic and wild-crafted herbs and are designed to support different aspects of health, such as digestion, immune system, and relaxation.

Nutrition and Supplements

GoDesana.com offers a range of nutrition and supplement products that are designed to support overall health and wellness. Their products are made from high-quality ingredients and are designed to provide essential nutrients that may be missing from the diet.

Personal Care and Weight Loss Products

GoDesana.com offers a range of personal care and weight loss products that are designed to support overall health and wellness. Their personal care products are made from natural and organic ingredients and are designed to be gentle on the skin. Their weight loss products are designed to support weight loss goals and are made from natural and organic ingredients.

Overall, GoDesana.com offers a wide range of products that are designed to support overall health and wellness. Their products are made from high-quality ingredients and are designed to be safe and effective.

Compensation Plan

GoDésana offers a generous and fair compensation plan that provides its product consultants with multiple ways to earn. The plan is based on a unilevel compensation structure that allows consultants to earn commissions on their personal sales as well as the sales of their downline.

Unilevel Compensation Structure

The GoDésana compensation plan is based on a unilevel structure that allows product consultants to earn commissions on up to 10 levels of their downline. This means that consultants earn a percentage of the sales volume generated by their downline, with the percentage increasing as they move up in rank.

Affiliate Ranks

GoDésana has ten affiliate ranks, each with its own set of requirements. The ranks, in ascending order, are: Product Consultant, Silver, Gold, Jasper, Amber, Ruby, Emerald, Diamond, Double Diamond, and Platinum Diamond.

To move up in rank, consultants must meet certain requirements, such as achieving a certain amount of personal volume (PV) and group volume (GV), and sponsoring new consultants. As consultants move up in rank, they become eligible for higher commissions and bonuses.

Commissions and Bonuses

GoDésana pays its product consultants in eight different ways, including retail profits, preferred customer bonuses, and cycle bonuses. The cycle bonus is a unique feature of the GoDésana compensation plan and provides consultants with a proven formula to quickly earn $750.00 or more on a daily basis.

In addition to the cycle bonus, GoDésana offers other bonuses, such as the rank advancement bonus, which rewards consultants for achieving higher ranks, and the leadership bonus, which rewards top leaders for their efforts in building and supporting their downline.

Overall, the GoDésana compensation plan is designed to provide its product consultants with a fair and equitable way to earn income while promoting the company's high-quality, organic products.

Opportunities for Success

Building a 6-Figure Business

At goDésana, there is an opportunity to build a successful business and achieve financial freedom. With the right mindset and dedication, it is possible to create a 6-figure business. The company's compensation plan offers several ways to earn income, including retail sales, team commissions, and bonuses.

One way to grow a successful business is by building a team of like-minded individuals who share your passion for wellness and natural products. By mentoring and supporting your team members, you can help them achieve their goals while also growing your own business.

Another key to success is staying up-to-date with the latest products and industry trends. goDésana provides ongoing training and resources to help consultants stay informed and grow their business.

Partnering with Local Businesses

goDésana also offers opportunities to partner with local businesses and expand your reach in the community. By collaborating with spas, fitness centers, and other wellness-focused businesses, you can introduce your products to a wider audience and build valuable relationships.

Partnering with local businesses can also lead to new opportunities for growth and expansion. For example, you may be able to co-host events or workshops to promote your products and services. This can help you connect with potential customers and build a loyal following.

Overall, goDésana provides a range of opportunities for success, whether you are looking to build a 6-figure business or partner with local businesses. With the right mindset, dedication, and support, you can achieve your goals and create a thriving business in the wellness industry.

Educational Resources

goDesana provides its members with a wealth of educational resources that can help them grow their business and improve their knowledge of essential oils.

One of the key educational resources available to goDesana members is Alexandria Brighton, the company's exclusive formulator. With over 30 years of experience in the Ayurvedic Medicine, Aromatherapy, herbal, and natural remedy world, Alexandria Brighton is a deeply intuitive and knowledgeable educator who can help members learn more about the benefits of essential oils and how they can be used to improve health and wellbeing.

In addition to Alexandria Brighton, goDesana also offers a range of training materials to help members learn more about the company's products and compensation plan. These materials include webinars, training videos, and other resources that can be accessed through the goDesana website.

Finally, goDesana members can also benefit from the resources available through the Brighton Institute of Botanical Studies. Founded by Alexandria Brighton, the institute offers a range of courses and programs in aromatherapy, herbalism, and other related fields. By taking advantage of these resources, goDesana members can deepen their knowledge of essential oils and related topics, and gain the skills they need to succeed in the essential oils industry.

Is GoDesana a Scam or Legitimate?

When it comes to MLM companies, there is always a concern about whether the company is legitimate or just a scam. With GoDesana, there are mixed opinions on the matter.

On one hand, GoDesana has been around since 2014 and has a variety of products, including essential oils, personal care, weight loss, nutrition, and home products. They also have a compensation plan that claims to offer many earning opportunities for their affiliates.

On the other hand, there are some concerns about the company's practices. For example, some people have reported that GoDesana heavily incentivizes 31-day affiliate purchases, which could be seen as a red flag. Additionally, there have been accusations of GoDesana being a pyramid scheme, which is illegal in many countries.

Despite these concerns, it's important to note that GoDesana is still in business and has many satisfied customers and affiliates. It's up to each individual to do their own research and decide whether they want to get involved with the company.

Overall, while there are some concerns about GoDesana, it's not fair to label the company as a scam without further evidence. However, it's important to approach any MLM opportunity with caution and do thorough research before investing time and money.

Tim Moseley

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Gold Price News: Gold Leaps Ahead on Heightened Risk Aversion

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Gold Price News: Gold Leaps Ahead on Heightened Risk Aversion

← Back to Gold News

Gold continues to rally strongly, with recent gains taking the price to a three-month high of $1,979 per ounce. For now, the appetite for safe-haven assets is trumping stiff rate headwinds.

Market drivers for gold remain under significant tension. US economic data is still largely beating expectations, helping to sustain inflation and higher interest rates to combat it. US rates continue to climb with 10-year US Treasury yields now testing 5% – a level not seen since mid-2007. This is clearly a challenge for non-yielding assets, such as gold.

gold kau price on kinesis exchange

However, the risk environment also remains elevated. Geopolitical risk has risen in the Middle East. However, the muted rise in crude oil prices thus far suggests that the market is still pricing in a low probability of Iran being drawn directly into the regional conflict. As such, the risks here still arguably lie to the upside. Equity markets are also uneasy, with the VIX (‘Fear’) Index of implied S&P 500 volatility at the highest levels since the US banking scare in March.

In the meantime, the much-awaited speech by Fed Chairman Powell has done little to move the dial. While the probability of a rate pause until the end of 2023 seems to have improved, the chances of one last rate hike in Q1 2024 have hardly moved. Until greater clarity, bonds will be handicapped in their ability to attract safe-haven flows from gold.

Time to Buy Gold and Silver

Tim Moseley

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The Entrepreneurial Odyssey: Navigating the Uncharted Waters of Business

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The Entrepreneurial Odyssey: Navigating the Uncharted Waters of Business

ecosystem for entrepreneurs

Entrepreneurship is often likened to a thrilling adventure, an odyssey filled with twists, turns, and uncharted waters. It's a journey that requires a unique blend of passion, grit, and innovation. In this blog, we embark on a storytelling voyage into the world of entrepreneurship, where dreams are born, challenges are met, and destinies are forged.

The Birth of an Idea

Our story begins in a cozy coffee shop, where Sarah, a young marketing professional, sips her latte while scribbling ideas on a napkin. Her mind teems with a vision – a vision of a product that could change people's lives. The napkin, now filled with doodles and notes, becomes the birth certificate of her entrepreneurial dream.

The Leap of Faith

The path to entrepreneurship is paved with uncertainty. Sarah's decision to leave her stable job was a leap of faith. She took the first step into uncharted waters, driven by her unwavering belief in her idea. It's a leap that many aspiring entrepreneurs make, knowing that there's no turning back.

The First Stumble

Like any great odyssey, Sarah encountered her first stumbling block. Building her product proved more challenging than anticipated. She faced technical issues, design dilemmas, and countless revisions. But she persevered, fueled by her determination to overcome these obstacles.

The Mentor's Wisdom

Every great explorer needs a mentor. Sarah was fortunate to find one – an experienced entrepreneur who offered guidance, advice, and encouragement. Through their mentorship, Sarah learned to navigate the treacherous waters of business, avoiding some pitfalls and embracing others as valuable lessons.

The First Glimmer of Success

After months of hard work, the day came when Sarah's product was ready to launch. The satisfaction of that moment was immeasurable. As the first customers' positive feedback rolled in, Sarah's vision became a reality. Her product was solving real problems for people.

The Pivot

In the world of entrepreneurship, change is inevitable. Sarah soon realized that her product needed adjustments to reach a wider audience. The decision to pivot was a challenging one, but it showcased her adaptability and commitment to growth.

The Entrepreneurial Community

Entrepreneurs don't journey alone. Sarah discovered a supportive entrepreneurial community where she found camaraderie, shared experiences, and collaborative opportunities. This network helped her overcome obstacles and find new pathways to success.

The Sleepless Nights

Every entrepreneur knows the restless nights spent worrying about finances, competition, and the future. Sarah's sleepless nights were marked by anxiety but also by resilience. These difficult moments fueled her determination.

The Triumph

After years of hard work, sacrifices, and learning experiences, Sarah's entrepreneurial odyssey bore fruit. Her business thrived, her product became a household name, and her vision had come full circle. Sarah's triumph was a testament to her unyielding commitment and her unwavering belief in her dream.

The Ongoing Journey

Even as Sarah achieved her initial goals, she realized that the entrepreneurial journey was far from over. It had evolved from a solo odyssey into a team expedition. Her role as a leader had grown, and she was now steering her ship towards new horizons and uncharted waters.

The Lessons Learned

Through this storytelling journey, we learn that entrepreneurship isn't just about making money; it's about creating something meaningful, about changing lives, and about personal growth. It's about resilience, adaptability, and a steadfast belief in your dreams.

In closing, entrepreneurship is a thrilling adventure, an odyssey that tests one's mettle and rewards perseverance. It's about embracing the unknown, learning from each challenge, and ultimately triumphing over adversity. Whether you're just starting your entrepreneurial journey or have already set sail, remember that every step, every stumble, and every pivot brings you closer to your destination. So, brace yourself for the odyssey of a lifetime, and remember that it's not the destination, but the journey itself, that defines the true essence of entrepreneurship.

Tim Moseley

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Gold a bit firmer as Fed Chair Powell on deck

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Gold a bit firmer as Fed Chair Powell on deck

Gold prices are slightly up and near the daily high, while silver is modestly down in midday U.S. trading Thursday. The markets are seeing some price consolidation following recent solid gains. Mild profit-taking from the shorter-term futures traders was featured in earlier trading. Still-keener risk aversion in the general marketplace as the Middle East crisis continues to play out will very likely keep a floor under the two safe-haven metals for at least the near term. December gold was last up $2.20 at $1,970.60 and December silver was down $0.079 at $23.01.

The U.S. marketplace highlight of the day Thursday is the midday speech by Federal Reserve Chairman Jerome Powell to the Economic Club of New York. Powell’s remarks will be closely scrutinized by the marketplace, to see if he wavers from his heretofore hawkish tone on U.S. monetary policy.

Rising bond yields and high tensions in the Middle East are squelching the equities market bulls late this week. Reports said Hamas is firing more missiles into Israel. This comes after an explosion at a Gaza hospital killed over 500 people earlier this week. U.S. and Israeli intelligence say the explosion was caused by Palestinian militants.

Asian and European stocks were mostly lower overnight. U.S. stock indexes are slightly down at midday. Downbeat quarterly earnings from EV maker Tesla has dampened Wall Street spirits Thursday.

  Time to increase allocation to gold – JPMorgan's Kolanovic

The key outside markets today see the U.S. dollar index lower. Nymex crude oil prices are slightly up and trading around $88.50 a barrel. The yield on the benchmark U.S. Treasury 10-year note yield is closing in on 5.0% and is presently fetching around 4.9%.

Technically, December gold futures prices hit a six-week high Wednesday. Recent price action suggests that a market bottom is in place. The bulls have the slight overall near-term technical advantage. A five-month-old price downtrend on the daily bar chart has been negated and prices are now trending higher. Bulls’ next upside price objective is to produce a close above solid resistance at $2,000.00. Bears' next near-term downside price objective is pushing futures prices below solid technical support at $1,875.00. First resistance is seen at this week’s high of $1,975.80 and then at the August high of $1,980.20. First support is seen at today’s low of $1,957.00 and then at $1,950.00. Wyckoff's Market Rating: 5.5.

December silver futures bulls have the slight overall near-term technical advantage. A three-month-old downtrend on the daily bar chart has been negated and prices are now trending up. Recent price action suggests a market bottom is in place. Silver bulls' next upside price objective is closing prices above solid technical resistance at $24.00. The next downside price objective for the bears is closing prices below solid support at $21.60. First resistance is seen at today’s high of $23.185 and then at this week’s high of $23.49. Next support is seen at today’s low of $22.785 and then at this week’s low of $22.535. Wyckoff's Market Rating: 5.5.

December N.Y. copper closed up 45 points at 359.15 cents today. Prices closed near mid-range today. The copper bears have the solid overall near-term technical advantage. Prices are in a choppy, 2.5-month-old downtrend on the daily bar chart. Copper bulls' next upside price objective is pushing and closing prices above solid technical resistance at 378.60 cents. The next downside price objective for the bears is closing prices below solid technical support at 340.00 cents. First resistance is seen at this week’s high of 363.05 cents and then at 367.45 cents. First support is seen at this week’s low of 353.15 cents and then at 350.00 cents. Wyckoff's Market Rating: 1.5.

By

Jim Wyckoff

For Kitco News

Time to Buy Gold and Silver

Tim Moseley

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The Rigged Financial System: How the Common Man is Being Left Behind

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The Rigged Financial System: How the ‘Common Man’ is Being Left Behind

The financial system, often seen as the bedrock of our global economies, paints a picture of fairness and impartiality. It's the engine that allocates resources and propels economic growth. Yet, the more we delve into the inner workings of this vast mechanism, the more it becomes apparent that it is not as equitable as it seems. The financial system is rigged as corporations, governments, and people in power have trillions of dollars of debt they can't possibly pay back, leading to inflation and regulation that negatively affects us all.

The huge gap in the standard of living paints a concerning picture, further supporting the fact that this system is rigged to benefit a privileged few while leaving the majority to bear the brunt. In this article, we will embark on a journey through the dilemma of systemic flaws and inequities deeply ingrained in the financial system. The goal is to shine a light on the mechanisms that perpetuate this rigging and unveil its far-reaching consequences on society.

The rigged financial system is like a well-kept secret that everyone knows about. As we explore this complex issue, we aim to provide a clearer understanding of how these mechanisms work without drowning you in jargon. It's a story that affects us all, and it's time we uncover the layers of complexity and injustice that have remained in the shadows. Let's dig deeper into how this rigged financial system is leaving the common person way, way behind.


Image source: Mohawk Nation News

The Rise of Inequality

Do you ever feel like you're having a hard time keeping up with the cost of living? Well, it's not just you; the financial system is rigged, but not in the way you might think. In short, corporations, governments, and the people in power have trillions, possibly quadrillions of dollars of debt that they can't possibly pay back. They can either default and lose everything or devalue this debt through inflation and keep it under control through regulation, and to our collective detriment, they've chosen the second option.

The financial system is rigged due to debt, inflation, and manipulation by corporations and governments. Still, individuals can navigate and improve their financial situation by understanding the system and making strategic investments. The disconnect between money and currency has led to inflation and devaluation, causing financial problems for the average person who is paid in a losing currency and trying to buy valuable things. At the same time, the government manipulates the cost of borrowing money.

Opportunity is supposed to be part and parcel of everyone’s dream, right? Well, unfortunately, reality says otherwise. Buckle up because we're about to take a roller-coaster ride through the awful numbers and depressing facts. You know those heartwarming stories you occasionally hear about a poor person who made it big? Yeah, those are like finding a unicorn in a sea of whales. They're that rare. The truth is that things are getting worse on the inequality front, and not just because of uncontrollable forces like technology and globalization.

No, the most disturbing part is that the ones making it worse are the ones who are supposed to be in charge. And the grand prize for rigging the system goes to the inherited plutocracy! The very people who have benefited from the rigged system are the same ones, making it even more rigged. For instance, in the United States, in the past 40 years, the income share of the top 0.1% has more than quadrupled, while the top 1% has enjoyed an almost doubled share. Meanwhile, the bottom 90% have seen their income share decline.

Wages at the bottom have remained stagnant for about 60 years (even with inflation taken into account). It's like time froze for the working class while the elite continued to live it up. And if you thought things couldn't get worse, think again. Those with a high school education or less have actually seen their incomes fall over the past few decades, especially the poor fellas. When inequality increases, hope decreases. People start losing faith in the system, and that's when things take a dark turn.


Image source: Wikipedia

Desperation leads to increased deaths from suicide, drug overdoses, and alcohol-related causes. Now you can see why we must discuss this rigged financial system. It's true; markets don't exist in a vacuum. Rules and regulations shape them. Surprise, surprise, those rules can be designed to favor one group over another.

Market manipulation is just one of the delightful practices in which the financial sector indulges. They get away with imposing outrageous interest rates on borrowers and creating securities set up to fail. And let's not forget their love for illegal activities like insider trading. They really know how to keep things spicy, don't they? But wait, there's more, rent extraction! This fancy term refers to the withdrawal of income from the national pie that is way more than these supposed "contributors" deserve. It's like a never-ending buffet for the elite. They get to feast on public resources like oil at ridiculously low prices while the rest of us struggle to make ends meet.

The Regulatory Capture

Regulatory capture is a troubling reality in the world of finance, and we can illustrate its impact through real-life examples. Imagine a scenario where a regulatory agency, let's call it the Financial Oversight Commission (FOC), is responsible for overseeing the banking industry. The FOC is supposed to ensure that banks operate fairly and within the bounds of the law, protecting the interests of the public.

However, powerful banking lobbyists and executives have increasingly influenced the FOC over time. These individuals have deep pockets, employ well-connected influencers, and even hire former FOC employees, creating a revolving door between the regulatory agency and the very industry it's meant to regulate.

This regulatory capture results in the FOC crafting policies and regulations that favor the banks rather than safeguarding the public's interests. Let's look at a real example to understand this better: The financial crisis of 2008.

During the lead-up to the crisis, some banks engaged in risky lending practices and bundled those risky loans into complex financial products. These practices were a ticking time bomb for the financial system. One would expect a diligent regulatory agency to spot these issues and intervene before disaster strikes. However, the FOC and other regulatory bodies failed to act decisively.

Why? Because they had been influenced and captured by the very financial institutions engaging in these risky behaviors. High-powered lobbyists and industry insiders shaped regulations in ways that allowed these practices to continue unchecked. The result was a devastating financial crisis that affected millions of people worldwide, leading to job losses, foreclosures, and a massive economic downturn.

In the aftermath of the 2008 crisis, there were calls for reform and increased transparency in financial regulation. However, breaking free from the clutches of regulatory capture remains an ongoing challenge. Both policymakers and the public must be aware of these issues and work toward restoring trust and accountability in the financial regulatory system. The influence of unofficial financial regulations like ESG is increasing, surpassing official regulations, and it's coming from unaccountable international organizations. These crazy regulations make things more difficult for the ordinary person than they already are. 


Image Source: American Icons Temple

Rewriting the Economic Game

Rewriting the economic game, where the rules constantly change, the common man is left scratching his head, wondering when it will ever be his turn to win. Well, my friends, I hate to break it to you, but the game has been rigged for quite some time now. And in the land of the free and the home of the brave, it's the rich who are winning big time with the market power of corporations.

These powerhouses have always had a leg up on the little guy and girl. While other developed countries have some regulations to level the playing field, American corporations have been given free rein to run wild. Just think about it. These mega-corporations have more influence over lives than we even realize. They control the products we buy, the services we use, and the jobs we desperately cling to. And with their untamed market power, they can squeeze every last drop of profit out of us while we're left wondering how the hell we got here.

Remember the good old days when a hard day's work meant a decent paycheck and a secure future? Yeah, those days are long gone. The shift to a service-sector economy has left workers high and dry while the fat cats continue to line their pockets. You see, with the rigged rules of the game, workers have lost their bargaining power. Wages have stagnated, benefits have vanished, and job security is a thing of the past. And while we're busy trying to make ends meet, the rich keep getting richer, laughing all the way to the bank.

Here's the real kicker: This is happening because the political system is rigged. Gerrymandering, voter suppression, and the influence of money have turned democracy into a puppet show, with the rich pulling all the strings. No matter how hard we fight for change, the system is designed to keep us down. The roar of corporate dollars has drowned out the voices of the common man. And while we're left to pick up the pieces, the elite few continue to thrive, building golden towers with people’s blood, sweat, and tears.

The rewriting of the economic game has left us fighting an uphill battle with no end in sight. But fear not, for together with the rise of entrepreneurs, we can reclaim what is rightfully ours. We can demand a fair and just society where the ordinary person is no longer left behind. But until that day comes, we must continue to shine a light on the corruption and inequality that plague the world's nations. 

We must use our voices, votes, and collective power to dismantle the rigged system and build a future where everyone has a fair chance at success. The economic game may be rigged, but if history has taught us anything, it's that the common person can rise and change the rules. So, let's roll up our sleeves and get to work because a brighter future is within our reach. And together, we can make it a reality.

Considering all this, wealth is concentrated in the hands of a few, leaving the rest struggling to make ends meet. Wages at the bottom are stagnant, job losses are rising, and despair is becoming all too common. But it's not just the forces of nature that have led us to this dire situation. No, it's the laws and regulations put in place by those who hold power. The system is rigged in favor of the wealthy, with market manipulation, financial sector exploitation, and rent extraction all contributing to the growing divide.

Special favors and favorable regulations further exacerbate inequality and make it harder for the common man to get ahead. And let's not forget about the rewriting of the economic game. The market power of corporations has grown exponentially while the power of workers has dwindled. This is not an accident but a result of a rigged political system where gerrymandering, voter suppression, and the influence of money reign supreme. It's a vicious cycle where economic inequality leads to political inequality, and ‘we, the people,’ are left to suffer the consequences. It's time to fight for a fair and equitable society where everyone has a chance to thrive, not just the privileged few. Together, we can dismantle the rigged system and build a brighter future for all.

 

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

 

 

 

 

Tim Moseley

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Sharp gains for gold on better safe-haven bidding

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Sharp gains for gold on better safe-haven bidding

Gold prices are solidly higher and hit a six-week high in midday U.S. trading Wednesday. Silver prices are slightly up and scored a three-week high. Keener risk aversion in the marketplace as the Middle East violence is flaring up has traders and investors seeking out safe-haven assets like gold and silver. December gold was last up $26.70 at $1,962.40 and December silver was up $0.016 at $23.04.

Risk aversion has up-ticked at mid-week after a bombing at a hospital in Gaza has reportedly killed over 500 people. Hamas blamed an Israel air strike, while Israel blamed an errant Hamas missile. Reports said U.S. military intelligence says the explosion was caused by a Palestinian military group. Reads a Barrons headline today: “Rate fears, bond yields, war; market concern grows.”

U.S. stock indexes are lower at midday.

In overnight news, China got some mixed economic data today. China's third-quarter GDP came in at up 4.9%, year-on-year, helped by resilient consumer spending. However, China's third-quarter GDP came in below the second quarter's reading of up 6.3%, year-on-year. That puts the world's second-largest economy on course to hit an annual GDP target of around 5% for 2023, Bloomberg reported. GDP got a boost from strong retail sales in September that posted the biggest increase since May. On the downside, China property investment contraction accelerated during September. Home sales continued to decline and construction of new homes dropped almost 24% in the first nine months of the year. Funding for property development dropped 13.5%, year-on-year.

Off the record: silver looks better than gold in 2024 according to LBMA survey

The key outside markets today see the U.S. dollar index higher. Nymex crude oil prices are higher and trading around $88.00 a barrel. The yield on the benchmark U.S. Treasury 10-year note yield is presently fetching around 4.85%.

Technically, December gold futures prices hit a six-week high today. Recent price action suggests that a market bottom is in place. The bulls have gained the slight overall near-term technical advantage. A five-month-old price downtrend on the daily bar chart has been negated and prices are now trending higher. Bulls' next upside price objective is to produce a close above solid resistance at $2,000.00. Bears' next near-term downside price objective is pushing futures prices below solid technical support at $1,875.00. First resistance is seen at today's high of $1,975.80 and then at the August high of $1,980.20. First support is seen at $1,950.00 and then at today's low of $1,935.90. Wyckoff's Market Rating: 5.5.

December silver futures prices hit a three-week high early on today. The silver bulls have the slight overall near-term technical advantage. A three-month-old downtrend is in place on the daily bar chart has been negated and prices are now trending up. Recent price action suggests a market bottom is in place. Silver bulls' next upside price objective is closing prices above solid technical resistance at $24.00. The next downside price objective for the bears is closing prices below solid support at $21.60. First resistance is seen at today's high of $23.49 and then at $23.80. Next support is seen at today's low of $22.84 and then at this week's low of $22.535. Wyckoff's Market Rating: 5.5.

December N.Y. copper closed up 25 points at 358.10 cents today. Prices closed nearer the session low today. The copper bears have the solid overall near-term technical advantage. Prices are in a choppy, 2.5-month-old downtrend on the daily bar chart. Copper bulls' next upside price objective is pushing and closing prices above solid technical resistance at 378.60 cents. The next downside price objective for the bears is closing prices below solid technical support at 340.00 cents. First resistance is seen at today's high of 363.05 cents and then at 367.45 cents. First support is seen at this week's low of 353.15 cents and then at 350.00 cents. Wyckoff's Market Rating: 1.5.

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Jim Wyckoff

For Kitco News

Time to Buy Gold and Silver

Tim Moseley

The Artist that came out of the Winter