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What Is MyLeadGenSecretcom? Discover the Platform’s Features and Benefits

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What Is MyLeadGenSecret.com? Discover the Platform's Features and Benefits

MyLeadGenSecret.com is a platform that offers lead generation services to individuals and businesses. It was created by Jim Harmon as a way to help people break free from their 9-5 jobs without having to spend thousands of dollars per day on ads. The platform offers a mix of an MLM and an actual lead generation business, making it an attractive option for those who want to generate leads and earn income.

With My Lead Gen Secret, users can build their email list online using leads that are given to them daily. Each day, users receive 100 to 200 new fresh leads that they can email directly from the platform. This makes it an invaluable resource for those who want to expand their reach and connect with potential customers. The platform also offers responsive people, making it easier for users to get feedback from interested people opting into their offers and even emailing them asking questions.

Overall, MyLeadGenSecret.com is a platform that offers a unique approach to lead generation. It provides users with a steady stream of fresh leads that they can use to build their email list and expand their reach. With its mix of MLM and lead generation services, it is an attractive option for those who want to generate leads and earn income.

Overview

What is My Lead Gen Secret?

My Lead Gen Secret is a lead generation platform that was created by Jim Harmon. It is a combination of an MLM and an actual lead generation business. The platform provides subscribers with a list of fresh leads every day that they can use to build their email list and promote their products or services.

Who is Jim Harmon?

Jim Harmon is the creator of My Lead Gen Secret. He is a successful internet marketer who has been in the industry for over a decade. Harmon has worked with some of the biggest names in the industry, such as Frank Kern and Tai Lopez, and has helped thousands of people build successful online businesses.

How does My Lead Gen Secret work?

My Lead Gen Secret works by providing subscribers with a list of fresh leads every day. These leads are people who have opted-in to receive information about various products and services. Subscribers can use these leads to build their email list and promote their products or services.

What are the benefits of using My Lead Gen Secret?

The benefits of using My Lead Gen Secret include:

  • Cheap leads: My Lead Gen Secret provides subscribers with high-quality leads at a very affordable price.
  • Easy setup: The platform is easy to set up and use, even for beginners.
  • Sales funnel: My Lead Gen Secret provides subscribers with a pre-made sales funnel that they can use to promote their products or services.
  • High-quality leads: The leads provided by My Lead Gen Secret are high-quality and have a high conversion rate.
  • Autoresponder: My Lead Gen Secret provides subscribers with an autoresponder that they can use to automate their email marketing campaigns.

What are the features of My Lead Gen Secret?

The features of My Lead Gen Secret include:

  • Daily leads: Subscribers receive a list of fresh leads every day.
  • Email templates: My Lead Gen Secret provides subscribers with pre-made email templates that they can use to promote their products or services.
  • Master swipes: My Lead Gen Secret provides subscribers with master swipes that they can use to improve their email marketing campaigns.
  • Bonus contest: My Lead Gen Secret offers a bonus contest where subscribers can win prizes for referring new subscribers to the platform.

What makes My Lead Gen Secret different from other lead generation platforms?

My Lead Gen Secret is different from other lead generation platforms because it provides subscribers with high-quality leads at a very affordable price. The platform is also easy to set up and use, even for beginners. My Lead Gen Secret provides subscribers with a pre-made sales funnel and an autoresponder that they can use to automate their email marketing campaigns. The platform also offers a bonus contest where subscribers can win prizes for referring new subscribers to the platform.

Features

Myleadgensecret.com offers several features to help users generate leads and grow their email lists. These features include email swipes, autoresponder integration, lead tracking and reporting, and bonus content.

Email Swipes

My lead gen secret provides users with a library of pre-written email swipes that they can use to promote their offers and products. These email swipes are professionally written and tested to ensure high open and click-through rates. Users can customize these email swipes to fit their specific niche and audience.

Autoresponder Integration

My lead gen secret integrates with popular autoresponder services like Aweber, GetResponse, and MailChimp. This integration allows users to automatically add leads to their email lists and follow up with them using pre-written email sequences. Users can also set up custom triggers and automation rules to further streamline their email marketing campaigns.

Lead Tracking and Reporting

My lead gen secret provides users with real-time tracking and reporting of their lead generation campaigns. Users can see how many leads they've generated, where those leads are coming from, and how many of those leads have converted into sales. This data allows users to optimize their campaigns for maximum ROI.

Bonus Content

My lead gen secret offers users access to a library of bonus content, including ebooks, videos, and training courses. This content is designed to help users improve their lead generation and email marketing skills. Users can also use this content to provide additional value to their email subscribers and build stronger relationships with their audience.

Overall, My lead gen secret offers a comprehensive set of features for lead generation and email marketing. These features can help users save time, increase their email open rates, and improve their overall ROI.

Benefits

Myleadgensecret.com offers a variety of benefits that make it a valuable tool for businesses and individuals looking to generate high-quality leads. Here are some of the benefits you can expect from using MyLeadGenSecret:

High-Quality Leads

One of the biggest benefits of using MyLeadGenSecret is the high-quality leads that it provides. The program offers 3000-6000 highly targeted leads per month, ensuring that you are only getting leads that are interested in your product or service. These leads are generated using a combination of methods, including email marketing and social media advertising, which means that they are more likely to convert into paying customers.

Affordable Pricing

Another benefit of using MyLeadGenSecret is the affordable pricing. The program costs just $30 per month, which includes access to the highly targeted leads as well as a range of other features and benefits. This pricing model makes it accessible to businesses and individuals of all sizes, regardless of their budget.

Increased Conversion Rates

By using MyLeadGenSecret, businesses and individuals can expect to see an increase in their conversion rates. This is because the program provides highly targeted leads that are more likely to be interested in your product or service, which means that they are more likely to convert into paying customers. Additionally, the program provides a range of tools and resources that can help businesses and individuals improve their conversion rates even further.

Easy Setup and Use

Finally, MyLeadGenSecret is incredibly easy to set up and use. The program provides a range of tools and resources that make it easy for businesses and individuals to start generating leads right away. Additionally, the program offers excellent customer support, ensuring that any issues or questions can be addressed quickly and efficiently.

In summary, MyLeadGenSecret offers a range of benefits that make it a valuable tool for businesses and individuals looking to generate high-quality leads. From the highly targeted leads to the affordable pricing and increased conversion rates, this program is a must-have for anyone looking to take their lead generation efforts to the next level.

How to Use My Lead Gen Secret

My Lead Gen Secret is a powerful lead generation tool that can help businesses and marketers generate high-quality leads quickly and easily. Here are the steps to use My Lead Gen Secret effectively:

Setting Up Your Account

To use My Lead Gen Secret, you need to sign up for an account on their website. Once you have signed up, you will need to provide some basic information about your business, including your name, email address, and phone number. You will also need to provide your payment information to start your subscription.

Creating Your Email Campaigns

After setting up your account, you can start creating your email campaigns. My Lead Gen Secret provides a user-friendly interface that allows you to create professional-looking emails quickly and easily. You can choose from a variety of templates, customize them with your own branding and messaging, and then send them out to your target audience.

Tracking and Analyzing Your Results

One of the most powerful features of My Lead Gen Secret is its ability to track and analyze your results. You can see how many people opened your emails, clicked on your links, and converted into leads or customers. This data can help you refine your email campaigns and improve your overall lead generation strategy.

To track and analyze your results, log in to your My Lead Gen Secret account and navigate to the analytics dashboard. From there, you can view detailed reports on your email campaigns, including open rates, click-through rates, and conversion rates.

Overall, My Lead Gen Secret is a powerful tool that can help businesses and marketers generate high-quality leads quickly and easily. By following these simple steps, you can set up your account, create effective email campaigns, and track and analyze your results to improve your lead generation strategy.

Testimonials

Myleadgensecret.com has received mixed reviews from its users. Some users have reported positive results, while others have expressed disappointment with the service.

According to a review on Sitejabber, the lead generation service works very well. The user reports getting daily feedback from interested people opting in to their offers and sometimes even emailing them asking questions. The leads especially like ordering high gravity clickbank products such as…

Another user on LeadsLeap reports that they have been able to get 200 leads a day without fail since they started using the program. They bought the program because they know the money is in the list. This is a lead generation platform.

However, not all users have had a positive experience with myleadgensecret.com. One user on Trustpilot reports having spent $60 on the program and getting up to 1200 leads, 7300 emails sent, 841 emails opened, 133 clicks, but no sales or free subscriptions. They rate the program poorly and advise others to stay away.

It is important to note that the results of using myleadgensecret.com may vary depending on several factors, including the user's niche, the quality of the leads, and the user's marketing strategies.

Conclusion

MyLeadGenSecret is a lead generation program that is designed to help individuals generate leads and make money online. The program is created by Jim Harmon, who has many years of experience in the online marketing industry. The program is a combination of an MLM and an actual lead generation business, which makes it unique compared to other lead generation programs available in the market.

The program provides its members with 100 leads per day, which can be used to generate sales and earn commissions. Members can also earn commissions by referring others to the program. The program claims to have a high success rate in turning leads into sales, which is a significant advantage for anyone who wants to make money online.

Overall, MyLeadGenSecret is a legitimate program that can help individuals generate leads and make money online. However, it is important to note that success with the program depends on various factors, including the member's ability to generate sales and referrals. Therefore, it is essential to do thorough research and understand the program's requirements before joining.

Frequently Asked Questions

What are some alternatives to myleadgensecret.com?

There are several alternatives to myleadgensecret.com, including Leadpages, ClickFunnels, and OptinMonster. These services offer similar lead generation features, but may differ in their pricing, user interface, and level of support.

What kind of support does myleadgensecret.com offer?

Myleadgensecret.com offers customer support through email and a support ticket system. The service also provides access to a private Facebook group where users can ask questions and receive support from other members of the community.

What is the Home Business Academy?

The Home Business Academy is a training program offered by myleadgensecret.com. The program provides training on various topics related to online marketing, including lead generation, email marketing, and social media marketing.

How does myleadgensecret compare to other lead generation services?

Myleadgensecret.com stands out from other lead generation services due to its low cost and high volume of leads. However, the quality of leads may vary, and some users may prefer more targeted lead generation services.

How can I contact myleadgensecret support?

Users can contact myleadgensecret support through email or by submitting a support ticket through the website. The service also provides support through its private Facebook group.

What is the Clickbank logo?

The Clickbank logo is a trademark of Clickbank, a digital marketplace that offers products and services in a variety of categories, including online marketing and lead generation. Myleadgensecret.com is an affiliate of Clickbank and offers Clickbank products as part of its lead generation service.

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Tim Moseley

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Commercial Mortgage Broker vs Home Loan Broker

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Commercial Mortgage Broker vs. Home Loan Broker

While commercial mortgage brokers (read The Role of a Commercial Mortgage Broker article) and home loan brokers share some similarities in their roles and responsibilities, there are key differences between the two professions. Both types of brokers assist real estate purchasers in finding loan products that align with their needs and budgets. However, commercial brokers specialize in arranging loans for commercial properties, which businesses or individuals purchase to generate income or for investment purposes. In contrast, a home loan broker focuses on helping individuals secure residential property loans for their primary residences.

Differences in Loan Processes

The process for determining the type of loan a buyer qualifies for differs between commercial and residential mortgage brokers. A home loan broker follows a standardized procedure, while a commercial mortgage broker must consider various factors when matching a business with a commercial funding product.

Types of Commercial Funding

There are several types of commercial financing options available to businesses, each with its unique features and requirements. We'll take a more indepth look at other options in later articles; however, some of the most common commercial funding options include:

Conventional Commercial Mortgages

These loans are provided by traditional lending institutions, such as banks and credit unions, and are typically used for purchasing or refinancing commercial real estate. Conventional commercial mortgages generally have strict eligibility criteria and require businesses to provide a substantial down payment and demonstrate strong creditworthiness.

Small Business Administration (SBA) Loans

The SBA offers various loan programs specifically designed to support small businesses in acquiring commercial financing, such as the SBA 7(a) and SBA 504 loans. These loans typically have more lenient eligibility requirements and offer favorable interest rates and repayment terms.

Commercial Bridge Loans

Commercial bridge loans are short-term financing options that provide businesses with quick access to capital for time-sensitive projects or transactions. These loans often have higher interest rates and shorter repayment terms compared to conventional commercial mortgages.

Hard Money Loans

Hard money loans are commercial funding options provided by private lenders, often catering to businesses that have difficulty securing financing through traditional channels. These loans are typically asset-based, with the property serving as collateral, and often have higher interest rates and shorter terms than conventional commercial mortgages.

Factors to Consider When Choosing a Commercial Mortgage Broker

Selecting the right commercial mortgage broker is crucial in securing the most suitable commercial funding solution for your business. Some factors to consider when choosing a broker include:

  1. Experience and expertise: Look for a broker with a proven track record in securing commercial financing for businesses similar to yours, as this demonstrates their ability to navigate the complexities of the commercial funding landscape.
  2. Industry connections: A well-connected broker can provide access to a broader range of commercial mortgage products and lenders, increasing your chances of securing the most competitive financing terms.
  3. Communication and transparency: A reliable broker should maintain open lines of communication throughout the entire process, providing regular updates and ensuring that you understand all aspects of the commercial financing process.
  4. Fees and charges: Be sure to inquire about the fees and charges associated with the broker's services, as these can vary significantly between brokers.

A commercial mortgage broker plays a vital role in guiding businesses through the complex process of securing commercial funding. By understanding the responsibilities, qualifications, and differences between commercial and residential mortgage brokers, as well as the various commercial financing options available, businesses can make informed decisions when selecting the most suitable commercial funding solution for their needs. By choosing the right broker and considering factors such as experience, expertise, industry connections, and communication, businesses can increase their chances of securing the most competitive commercial mortgage terms and foster long-term financial success.

Tim Moseley

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The core message of the Federal Reserve: more rate hikes elevated for longer

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The core message of the Federal Reserve: more rate hikes, elevated for longer

As anticipated the Federal Reserve announced that the "committee decided to maintain the target range for the federal funds rate at 5 to 5 ¼%". However, the core message as expressed in today's statement and press conference by Chairman Powell was that its monetary policy will remain restrictive, hawkish, and most likely include two more rate hikes before the end of the year.

"It will be appropriate to cut rates at such time as inflation is coming down really significantly. And again, we're talking about a couple of years out…As anyone can see, not a single person on the committee wrote down a rate cut this year, nor do I think it is at all likely to be appropriate."

A significant component of today's message was that the purpose of maintaining (i.e., not raising rates) the Fed's benchmark rate was not to signal an end to rate hikes but rather to give Federal Reserve members time to "assess additional information and implications for its monetary policy".

Four times a year the Fed releases a summary of participants' projections through the SEP (Summary of Economic Projections). According to the Fed, this document contains "participants' projections for GDP growth, the unemployment rate, inflation, and the appropriate policy interest rate". The projections from all 18 Federal Reserve officials are expressed as individual votes and placed on the FOMC dot plot.

The dot plot released today indicates that 9 of the 18 participants are projecting Fed funds rates to be at 5.625%, two at 5.875%, and one at 6.125% by the end of 2023. The remaining six votes project rates at 5 ½% or 5% by the end of the year.

Stock indexes closed mixed with the S&P 500 gaining 0.1%, the Dow Jones industrial average falling 0.7%, and the NASDAQ composite rising 0.4%.

As of 5:31 PM EDT, Gold futures basis the most active August contract is trading lower by $2.90 or 0.15% and fixed at $1955.70. Silver futures basis the most active July contract gained $0.19 or 0.79% and is currently fixed at $24.01.

By

Gary Wagner

Contributing to kitco.com

Time to Buy Gold and Silver

Tim Moseley

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The Great Disconnect: Exploring the Global De-banking of Crypto Businesses

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The Great Disconnect: Exploring the Global De-banking of Crypto Businesses.

Cryptocurrencies emerged as a disruptive force, challenging the traditional financial system and centralized control. With their potential to revolutionize cross-border transactions, enhance financial inclusion, and provide secure and transparent transactions, cryptocurrencies gained momentum among investors, businesses, and individuals seeking alternative financial solutions. However, traditional financial institutions have not met this radical shift towards decentralized finance with open arms.

In recent years, a concerning trend known as de-banking has emerged, where banks and other financial institutions systematically sever ties with crypto-related businesses. This process entails closing accounts, denying services, and declining partnerships with companies involved in cryptocurrency-related activities. While financial institutions cite concerns over regulatory compliance, money laundering risks, and reputational damage, critics argue that de-banking stifles innovation and hampers the growth of the burgeoning crypto industry.

This article aims to provide a comprehensive analysis of the global de-banking phenomenon, shedding light on its underlying causes, consequences, and potential implications for the future of cryptocurrencies. By examining real-world examples from various countries and industries, we will delve into the factors contributing to this widespread debanking trend. Additionally, we will explore crypto-related businesses' legal and regulatory challenges, often prompting financial institutions to distance themselves from this sector.

Furthermore, this article will explore the immediate and long-term consequences of de-banking on the affected businesses and the broader cryptocurrency ecosystem. We will delve into the difficulties crypto entrepreneurs encounter in accessing banking services, obtaining loans, and establishing partnerships, as well as the potential implications for financial stability and the overall adoption of cryptocurrencies. 


Image credit: Markethive.com

De-banking Phenomenon

De-banking refers to the systematic severance of ties between financial institutions and businesses whose operations are perceived not to be in line with legal and governmental regulations. This process involves banks closing accounts, denying services, and declining partnerships with companies engaged in such activities. While financial institutions often cite concerns over regulatory compliance, money laundering risks, and reputational damage as reasons for de-banking, critics argue that this approach stifles innovation and hampers the growth of the burgeoning crypto industry.

To truly understand the de-banking trend, we must explore the underlying causes. One of the primary factors is the regulatory landscape surrounding cryptocurrencies. Governments and regulatory bodies worldwide have struggled to keep up with the rapid development of this new technology. The lack of clear and comprehensive regulations has created an uncertain environment for financial institutions, leading them to adopt a cautious approach.

The anonymity and pseudo-anonymity offered by some cryptocurrencies have raised concerns about potential money laundering and illicit activities. While the blockchain technology behind cryptocurrencies provides transparency, it can also be exploited by individuals seeking to conceal their identities and engage in unlawful practices. Although wary of potential legal and reputational risks, many financial institutions have chosen to distance themselves from the crypto industry.

The debanking phenomenon is not limited to a specific country or region; it is a global trend affecting businesses operating in the cryptocurrency space worldwide. For example, many crypto-related startups have struggled to establish banking relationships in the United States. Banks often view these businesses as high-risk due to regulatory uncertainties and the perceived association with illicit activities.

As a result, companies have faced difficulties accessing basic banking services, such as opening business accounts and obtaining loans. Europe has also witnessed a similar debanking trend. Several major European banks have halted services to crypto-related businesses or imposed severe restrictions, hindering their ability to operate smoothly. The situation in Asia is no different, with countries like Iraq imposing a de facto ban on cryptocurrencies and financial institutions wary of engaging with crypto-related entities.

Traditional lenders are reluctant to extend credit to companies operating in the cryptocurrency space due to perceived risks and uncertainties. Access to capital is needed to improve the growth and expansion of these businesses, limiting their potential for innovation and development. These entrepreneurs face significant challenges in accessing banking services, which are vital for day-to-day operations. Without a bank account, businesses struggle to receive and manage funds, pay employees, and transact with suppliers. This creates a substantial operational burden, forcing companies to rely on alternative and often less efficient solutions.

The impact of de-banking extends beyond individual businesses to the broader adoption of cryptocurrencies. The inability to establish partnerships with financial institutions inhibits the integration of cryptocurrencies into the mainstream financial system. It hinders the ability of consumers to use cryptocurrencies for everyday transactions, limiting their utility and slowing down the overall adoption process.

However, it is crucial to consider the perspectives of all stakeholders involved in the de-banking debate. Financial institutions are tasked with ensuring regulatory compliance and managing risks associated with the cryptocurrency industry. With increasing regulatory scrutiny, banks face immense pressure to prevent money laundering, fraud, and other illicit activities. By distancing themselves from crypto-related businesses, they aim to protect their reputation and avoid potential legal repercussions.

Regulators, however, grapple with the challenge of striking a balance between fostering innovation and safeguarding financial stability. Developing clear and effective regulatory frameworks for cryptocurrencies is a complex task that requires careful consideration of the unique characteristics of this digital asset class.

Crypto enthusiasts advocate for a more collaborative approach, where financial institutions work with the crypto industry to address concerns and find mutually beneficial solutions. This includes implementing robust know-your-customer (KYC) and anti-money laundering (AML) measures and enhancing transparency and cooperation between regulators and industry participants.

Moreover, de-banking crypto-related businesses can have significant implications for financial inclusion. Cryptocurrencies have the potential to provide financial services to individuals and companies that are underserved by the traditional financial system. For example, in many developing countries, traditional banking services are limited, and many individuals and businesses rely on mobile money services to manage their finances. 

Cryptocurrencies have the potential to provide an alternative to these services, offering faster, cheaper, and more secure transactions. However, the de-banking of crypto-related businesses can limit the ability of these individuals and companies to access these services, further limiting their financial inclusion.

The Impact of De-banking on the Crypto Industry

Lack of access to traditional banking services can create significant operational challenges for crypto-related businesses. Moreover, the lack of access to conventional banking services can also limit the ability of crypto-related businesses to establish partnerships with other companies and organizations. This can limit the potential for collaboration and innovation in the industry, further limiting the growth potential of cryptocurrencies.

The potential implications of these challenges for financial stability and the overall adoption of cryptocurrencies are significant. Without access to traditional banking services, crypto-related businesses may be forced to rely on alternative banking relationships or operate entirely outside the conventional financial system.

This can create significant risks for financial stability, as these businesses may be more vulnerable to fraud, money laundering, and other forms of financial crime. Without the ability to easily convert cryptocurrencies into fiat currency, many consumers and companies may hesitate to adopt these assets as a form of payment or investment.

There are several reasons why some banks and financial institutions decide to de-bank crypto businesses. Some of them are:

•  Regulatory uncertainty: Cryptocurrencies' legal status and regulation vary across jurisdictions and are often unclear or inconsistent. This challenges banks and financial institutions to comply with anti-money laundering (AML), counter-terrorism financing (CTF), and other rules and regulations. Some banks and financial institutions may prefer to avoid dealing with crypto businesses altogether rather than risk facing fines, sanctions, or legal actions.

•  Compliance risks: Even if the regulation of cryptocurrencies is clear and consistent, banks and financial institutions still face compliance risks when dealing with crypto businesses. For example, they may have difficulty verifying their crypto customers' identity and source of funds or have to deal with complex and costly reporting requirements. Some banks and financial institutions may also be concerned about the reputation risk of being associated with crypto businesses involved in illicit activities or scams.

•  Volatility: Cryptocurrencies are known for their high price volatility, which can pose risks for banks and financial institutions that provide services to crypto businesses. For example, if a bank offers a loan to a crypto company that uses cryptocurrencies as collateral, the value of the collateral may fluctuate significantly and affect the repayment ability of the borrower. Similarly, suppose a bank provides a payment service to a crypto business that accepts cryptocurrencies as payment. In that case, the value of the payment may change drastically between the time of the transaction and settlement.

•  Competition: Cryptocurrencies are also seen as a potential threat to the traditional financial system, as they offer alternative ways of storing and transferring value that may challenge the dominance and profitability of banks and financial institutions. Some banks and financial institutions may view crypto businesses as competitors rather than customers or partners and seek to limit their growth or market share by debanking them.

Operation Chokepoint

Operation Chokepoint, introduced in 2013 by the United States Department of Justice (DOJ) under the Obama administration, primarily focused on combating fraud in high-risk industries by pressuring financial institutions to sever ties with specific businesses. The operation targeted sectors such as payday lending, firearms, ammunition sales, online gambling, and debt collection. The strategy involved pressure on banks and payment processors to cut off services to these industries, effectively choking off their access to the financial system.

The primary concern driving Operation Chokepoint 1.0 was to curtail fraudulent activities in industries that posed higher risks. The DOJ expressed concerns that some businesses in these sectors were engaged in deceptive practices, leading to consumer harm and financial losses. By leveraging its authority and coordinating with other regulatory agencies, the DOJ sought to disrupt the economic infrastructure supporting these industries and minimize their ability to carry out activities.


Screenshot: Twitter

The connection between Operation Chokepoint 1.0 and Operation Chokepoint 2.0 lies in extending the original concept to the crypto industry. Operation Chokepoint 2.0 indicates the application of similar tactics employed in the initial operation to the crypto industry. Just as Operation Chokepoint 1.0 sought to target high-risk sectors by pressuring financial institutions, Operation Chokepoint 2.0 involves exerting pressure on banks, payment processors, and other financial service providers to sever ties with cryptocurrency-related businesses. 

The victims of Operation Choke Point 1.0 are thus all too familiar with what the participants in the crypto economy are now experiencing. The campaign begins with a series of vague policy pronouncements and ominous warnings issued as informal guidance to the banks. Then there is a flurry of decisions by banks to terminate their banking relationships with the targeted industry, of accounts closed either without any explanation or with the decision being attributed to “compliance requirements,” to “your business being outside of our risk tolerances,” or to “risks associated with your business.” All these are gimmicks to destroy the crypto industry.

Examples of De-banking in the Crypto Industry

It has been a common practice for banks to distance themselves from companies they perceive as high-risk for many years. However, the de-banking of crypto-related businesses has become increasingly prevalent in recent years as the industry has grown and regulators have struggled to keep up with the pace of innovation.

Binance US is halting US dollar deposits and withdrawals from its platform as of June 13, 2023. This comes after the US Securities and Exchange Commission (SEC) filed a lawsuit against Binance and its CEO, Changpeng Zhao, for allegedly violating securities laws and operating an unregistered exchange. The SEC also asked a federal court to freeze Binance US assets.

The de-banking of Binance US could be a concern for the crypto community because it could affect the liquidity and accessibility of the crypto market in the U.S. Binance US is one of the largest crypto exchanges in the country, with over 2 million users and more than $1 billion in daily trading volume. 

If Binance US users cannot deposit or withdraw fiat currency, they may have to resort to other platforms or methods that could be more costly, risky, or inconvenient. Moreover, the SEC's crackdown on Binance could signal a more aggressive and hostile stance towards the crypto industry, which could discourage innovation, investment, and adoption of digital assets.

On May 18th, 2023, Binance Australia announced that it had suspended Australian dollar (AUD) PayID deposits "with immediate effect" due to a decision made by its third-party payment service provider. It also said that bank transfer withdrawals would also be impacted. According to Binance Australia's statement, its payment processor's partner bank Cuscal had decided to end AUD deposit services for Binance Australia without providing any specific reason. 

In July 2022, FTX, another major crypto exchange, lost its banking partner Signature Bank after the SEC filed a lawsuit against the company for allegedly operating as an unregistered securities exchange. FTX had to suspend its U.S. operations and refund its customers. Signature Bank said it ended its relationship with FTX due to “regulatory concerns” and “reputational risk.”

One of the most high-profile examples of de-banking in the crypto industry is the case of Bitfinex. In 2017, Wells Fargo, one of Bitfinex's banking partners, announced that it would no longer process wire transfers for the exchange. This move left Bitfinex unable to process withdrawals for its users, leading to a significant drop in trading volume and a loss of trust among its user base.

Another example of de-banking in the crypto industry is the case of Coinbase. In 2017, the US-based exchange was forced to suspend trading in Hawaii after failing to secure a banking relationship in the state. This move left Coinbase unable to serve its Hawaiian customers, highlighting the challenges crypto-related businesses face in obtaining banking relationships. 

These debanking cases illustrate some of the challenges and uncertainties that crypto businesses face in the U.S. and Europe, significantly as regulators increase their scrutiny and enforcement actions against the industry. In contrast, regulators and policymakers postulate that debanking is necessary to protect consumers and investors from fraud and risk, but is that their true intention for doing that? If the government had full control over Bitcoin and other altcoins, which gives them enormous control over your financial freedom, would they have aggressively fought against the industry? Think about that.

The Future of De-banking in the Crypto Industry

The future of de-banking in the crypto industry is a topic of much debate and speculation. While it is likely that the de-banking of crypto-related businesses will continue in the coming years, there are also signs that the industry is beginning to adapt to these challenges.

One of how the industry is adapting is by exploring alternative banking relationships. Some of these businesses are beginning to work with smaller banks or payment processors that are more willing to work with them. These alternative banking relationships can help these businesses access the traditional financial system while mitigating cryptocurrency risks.

Some countries are beginning to develop more supportive regulatory frameworks for cryptocurrencies. For example, in the United States, the Securities and Exchange Commission (SEC) has started to provide more guidance on the regulatory status of cryptocurrencies, which has helped to clarify the legal landscape for crypto-related businesses.

Similarly, the European Union has developed a comprehensive regulatory framework for cryptocurrencies, known as the Fifth Anti-Money Laundering Directive (5AMLD). This framework requires crypto-related businesses to register with national authorities and comply with anti-money laundering and counter-terrorism financing regulations.

These more supportive regulatory frameworks can mitigate the perceived risks associated with cryptocurrencies, making it easier for banks and other financial institutions to work with crypto-related businesses. These frameworks can build trust in the crypto ecosystem, making it more attractive to mainstream investors and companies.

As the industry continues to evolve, regulators, banks, and crypto businesses must work together to build a more inclusive and supportive financial ecosystem that embraces the potential of digital assets while mitigating the associated risks. By working together, these stakeholders can help to build a more resilient and sustainable financial system that benefits businesses, individuals, and the global economy.

 

 

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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8 Easy and Secret Ways to Increase Website or Blog Traffic: Boost Your Online Presence Now

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8 Easy and Secret Ways to Increase Website or Blog Traffic: Boost Your Online Presence Now!

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If you're running a website or a blog, you know that traffic is everything. Without visitors, your content is just sitting there, unseen and unheard. But how can you increase website or blog traffic? Thankfully, there are many easy and secret ways to do so that you may not have thought of yet.

One of the most important things you can do to increase website or blog traffic is to make a content plan. This involves recording all of the different content ideas you can use for your site and creating a map of when you can write the content and start planning the posts out throughout the month. By doing this, you can ensure that you're consistently putting out high-quality content that will keep your readers coming back for more.

Another way to increase website or blog traffic is to focus on your niche. While having diverse interests is great, setting your blog's focus too wide can actually hurt your traffic. Instead, it's better to hone in on a specific niche and become an expert in that area. This will help you attract a loyal following of readers who are interested in your content, and it will also help you rank higher in search engine results for specific keywords related to your niche.

Understand Your Target Audience

One of the most important factors in driving traffic to your website or blog is understanding your target audience. By knowing who your audience is, you can create content that resonates with them and attracts them to your site.

To understand your target audience, start by identifying your niche. Your niche is the specific topic or area that your website or blog covers. For example, if you run a food blog, your niche might be healthy eating, vegan cooking, or gluten-free recipes.

Once you have identified your niche, you can start to create buyer personas. Buyer personas are fictional representations of your ideal customers. They include information such as age, gender, income, interests, and pain points.

To create buyer personas, you can use a variety of tools such as surveys, interviews, and social media analytics. By understanding your buyer personas, you can create content that speaks directly to their needs and interests.

Another way to understand your target audience is to analyze your website or blog analytics. Analytics can provide valuable insights into your audience's behavior, such as which pages they visit, how long they stay on your site, and where they come from.

By understanding your target audience, you can create content that is more likely to be shared and engaged with. This will help increase your website or blog traffic and ultimately lead to more conversions and revenue.

Optimize Your Website or Blog

Optimizing your website or blog is one of the best ways to increase website traffic. There are many ways to optimize your website or blog, but here are some of the most effective:

On-Page SEO

On-page SEO refers to the optimization of individual web pages in order to rank higher and earn more relevant traffic in search engines. Some of the key elements of on-page SEO include:

  • Keyword research and optimization: Researching and targeting the right keywords can help your website rank higher in search results.
  • Title tags and meta descriptions: These are the snippets of text that appear in search results and can impact click-through rates.
  • Header tags: Using header tags (H1, H2, H3, etc.) can help organize your content and signal to search engines what your page is about.
  • Image optimization: Optimizing your images with alt text and descriptive file names can help improve your website's accessibility and search engine rankings.

Speed and User Experience

Website speed and user experience are important factors in both SEO and user engagement. Some tips for improving website speed and user experience include:

  • Compressing images and files: Compressing images and files can help reduce the size of your website and improve load times.
  • Minimizing HTTP requests: Reducing the number of HTTP requests can help speed up your website by reducing the amount of time it takes for a page to load.
  • Mobile optimization: Ensuring that your website is optimized for mobile devices can help improve user experience and search engine rankings.

Internal Links

Internal links are links that point to other pages on your website. They can help improve website navigation, user experience, and search engine rankings. Some tips for using internal links effectively include:

  • Creating a clear website structure: A clear website structure can help users and search engines navigate your website more easily.
  • Linking to relevant content: Linking to relevant content can help improve user engagement and search engine rankings.
  • Using descriptive anchor text: Using descriptive anchor text can help users and search engines understand what a page is about and improve search engine rankings.

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Create Quality Content

Creating quality content is one of the most important aspects of increasing website or blog traffic. Quality content is engaging, informative, and adds value to the reader. Here are some sub-sections that can help you create quality content for your website or blog.

Content Strategy

Having a content strategy is essential to creating quality content. A content strategy is a plan for creating, publishing, and managing content that aligns with your business goals. It ensures that you are creating content that is relevant to your audience and is optimized for search engines.

To create a content strategy, start by defining your target audience. This will help you understand their needs and interests and create content that resonates with them. Then, conduct keyword research to identify the topics and keywords that your audience is searching for. This will help you create content that is optimized for search engines and drives traffic to your website or blog.

Keyword Research

Keyword research is a critical component of creating quality content. It involves identifying the keywords and phrases that your audience is using to search for information related to your business. Keyword research helps you understand what topics to write about and how to optimize your content for search engines.

To conduct keyword research, use tools like Google Keyword Planner or Ahrefs to identify relevant keywords and phrases. Focus on long-tail keywords that have low competition and high search volume. This will help you rank higher in search engine results pages and drive more traffic to your website or blog.

Content Format

The format of your content is just as important as the content itself. Different types of content formats appeal to different audiences. Some popular content formats include long-form blog posts, educational content, tutorials, press releases, and ultimate guides.

When creating content, consider the format that will best resonate with your audience. For example, if your audience prefers visual content, create infographics or videos. If they prefer in-depth content, create long-form blog posts or ultimate guides.

In conclusion, creating quality content is essential to increasing website or blog traffic. A content strategy, keyword research, and content format are all important components of creating quality content. By focusing on these aspects, you can create content that resonates with your audience, drives traffic to your website or blog, and helps you achieve your business goals.

Promote Your Content

Promoting your content is crucial to drive traffic to your website or blog. In this section, we will discuss three effective ways to promote your content: social media, email list, and guest posting.

Social Media

Social media is a powerful tool to promote your content and drive traffic to your website or blog. By sharing your content on social media platforms such as Facebook, Twitter, and LinkedIn, you can reach a wider audience and increase your visibility. You can also use social media to engage with your followers, build relationships, and drive traffic to your website or blog.

To effectively promote your content on social media, consider the following tips:

  • Choose the right platform for your audience
  • Use eye-catching visuals and headlines
  • Share your content multiple times
  • Engage with your followers and respond to comments
  • Use hashtags to increase visibility

Email List

Building an email list is another effective way to promote your content and drive traffic to your website or blog. By creating a list of subscribers who are interested in your content, you can send them updates, promotions, and exclusive content.

To effectively promote your content through email, consider the following tips:

  • Offer something of value in exchange for their email address
  • Segment your email list based on interests and behavior
  • Use eye-catching subject lines and preview text
  • Personalize your emails
  • Include a clear call-to-action

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Guest Posting

Guest posting is a great way to promote your content and drive traffic to your website or blog. By writing for other websites or blogs in your niche, you can reach a new audience and establish yourself as an authority in your field.

To effectively promote your content through guest posting, consider the following tips:

  • Choose websites or blogs with a similar audience
  • Write high-quality content that provides value to their readers
  • Include a link back to your website or blog in your author bio
  • Engage with their audience by responding to comments
  • Build relationships with the website or blog owners for future opportunities

In conclusion, promoting your content is essential to drive traffic to your website or blog. By using social media, email lists, and guest posting, you can increase your visibility, reach a wider audience, and establish yourself as an authority in your field.

Build Backlinks

One of the most effective ways to increase website or blog traffic is to build backlinks. Backlinks are links from other websites that point to your website. They are important because they signal to search engines that other websites consider your content to be valuable and relevant. This can improve your website's search engine rankings, which can lead to more traffic.

Off-Page SEO

Building backlinks is a key part of off-page SEO. Off-page SEO refers to the actions taken outside of your own website to improve its search engine rankings. One way to build backlinks is to create high-quality content that other websites will want to link to. This can include blog posts, infographics, videos, and more. Another way to build backlinks is to reach out to other website owners and ask them to link to your content.

Internal Link

Another important aspect of building backlinks is internal linking. Internal linking refers to the practice of linking to other pages on your own website. This can help search engines understand the structure of your website and the relationships between different pages. It can also help visitors navigate your website and find the information they are looking for.

According to Backlinko, a popular SEO blog, internal linking can also help improve your website's search engine rankings. By linking to other pages on your website, you can help spread link equity and improve the authority of your website as a whole.

In conclusion, building backlinks is an essential part of any effective SEO strategy. By focusing on off-page SEO and internal linking, you can improve your website's search engine rankings and attract more traffic to your website or blog.

Measure Your Success

To determine the effectiveness of your website or blog, you need to track its performance. Here are two essential tools you can use to measure your success.

Analytics

Analytics tools like Google Analytics allow you to track key metrics such as pageviews, bounce rate, and time on site. By analyzing this data, you can identify which pages are performing well and which ones need improvement. You can also use analytics to track where your traffic is coming from, which can help you identify areas where you need to focus your marketing efforts.

Search Console

Search Console is another tool provided by Google that allows you to track how your site is performing in search results. It shows you which queries people are using to find your site, which pages are ranking the highest, and any errors that may be preventing your site from appearing in search results. By using this information, you can optimize your site for search and improve your visibility online.

By using both analytics and search console, you can get a complete picture of how your site is performing. This data can help you make informed decisions about how to improve your site and increase traffic.

Conclusion

In conclusion, there are several easy and secret ways to increase website or blog traffic. By implementing these strategies, website owners can improve their visibility, attract more leads, and engage with their audience.

One of the most important things to keep in mind is relevance. Website owners should ensure that their content is relevant to their target audience and meets their search intent. This will help them avoid being penalized by search engines and increase their chances of appearing on the first page of search results.

SEO audits can also be helpful in identifying areas for improvement. By analyzing their website's performance, website owners can identify outdated content and repurpose it into evergreen content. They can also focus on optimizing for long-tail keywords and creating exclusive content, such as webinars, online courses, and podcasts, to attract more pageviews and referral traffic.

Another key strategy is to maintain content freshness. By updating their content regularly and publishing new articles on a consistent publishing schedule, website owners can keep their audience engaged and attract more organic search traffic. They can also use tools like Google Trends and SEMrush to identify popular topics and optimize their headlines for maximum visibility.

Engagement is also important for building a strong community and attracting more social shares. Website owners can encourage engagement by including comment sections, forums, and social media sharing buttons on their website. They can also create email newsletters to keep their audience updated on new content and engage with experts in their industry to build credibility.

Overall, by implementing these easy and secret strategies, website owners can increase their visibility, attract more leads, and engage with their audience.

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Frequently Asked Questions

What are some effective ways to increase website traffic for free?

There are several effective ways to increase website traffic for free. One of the most important ways is to create high-quality, engaging content that is optimized for search engines. This can help your website rank higher in search engine results pages (SERPs) and attract more visitors. Another effective way to increase website traffic for free is to leverage social media platforms. By creating and sharing engaging content on social media, you can attract more followers and drive more traffic to your website.

How can social media be leveraged to increase website traffic?

Social media can be leveraged to increase website traffic by creating and sharing engaging content that links back to your website. By posting regularly on social media platforms and engaging with your followers, you can build a loyal following that is more likely to visit your website. Additionally, you can use social media advertising to target specific audiences and drive more traffic to your website.

What are some SEO strategies to increase website traffic?

There are several SEO strategies that can be used to increase website traffic, including optimizing your website for keywords, creating high-quality content, and building high-quality backlinks. By optimizing your website for keywords, you can improve your website's ranking in search engine results pages (SERPs) and attract more visitors. Additionally, by creating high-quality content and building high-quality backlinks, you can improve your website's authority and attract more visitors.

What are some companies that can help drive traffic to your website?

There are several companies that can help drive traffic to your website, including content marketing agencies, social media marketing agencies, and SEO agencies. These companies can help you create and implement effective marketing strategies that are designed to attract more visitors to your website.

What are some organic ways to increase website traffic?

Some organic ways to increase website traffic include creating high-quality content, optimizing your website for keywords, and building high-quality backlinks. By creating high-quality content that is optimized for search engines, you can attract more visitors to your website. Additionally, by building high-quality backlinks, you can improve your website's authority and attract more visitors.

What types of blogs tend to get the most traffic?

Blogs that tend to get the most traffic are those that are focused on popular topics and trends. Additionally, blogs that are optimized for search engines and provide high-quality, engaging content tend to attract more visitors. Finally, blogs that are shared frequently on social media and other platforms tend to attract more visitors as well.

Tim Moseley

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Gold silver sell off as FOMC conclusion looms

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Gold, silver sell off as FOMC conclusion looms

Gold and silver prices are lower in midday dealings Tuesday, losing initial gains that were seen following a U.S. inflation report that came in very close to market expectations. Position evening ahead of Wednesday afternoon’s FOMC meeting conclusion is featured. Futures traders with weak long positions were also featured sellers. A lower U.S. dollar index and higher crude oil prices did limit the downside in gold and silver today. August gold was last down $10.70 at $1,959.00 and July silver was down $0.20 at $23.85.

Today’s U.S. consumer price index report for May showed a rise of 4.0%, year-on-year, the same as in the April report and right in line with market expectations. Other internals of the CPI report also came in about as expected. The marketplace is a bit upbeat on the CPI numbers, as they were not a negative surprise on the U.S. inflation front. Wednesday morning’s U.S. producer price index report for May is seen down 0.1%, month-on-month.

Global stock markets were mostly higher overnight. U.S. stock indexes are higher at midday.

In overnight news, China’s central bank eased its monetary policy by trimming a key lending rate. The central bank cut its seven-day reverse repurchase operations to 1.9% from 2.0%. This latest move is a further attempt by the Chinese government to boost Chinese economic growth, which is slowing.

  $1 trillion could be drained as Treasury 'breaks' market, gold and Bitcoin are good positions to take – James Lavish

The U.S. data point of the week is the FOMC meeting of the Federal Reserve, which begins Tuesday morning and ends Wednesday afternoon with a statement and press conference from Fed Chairman Powell. A majority of the marketplace still thinks the Fed will pause in its interest-rate-tightening cycle. Today’s as-expected CPI report falls into the camp of those expecting the Fed to pause at this week’s FOMC meeting.

Technically, the gold futures bulls have the overall near-term technical advantage. Bulls’ next upside price objective is to produce a close in August futures above solid resistance at $2,000.00. Bears' next near-term downside price objective is pushing futures prices below solid technical support at the May low of $1,949.60. First resistance is seen at last week’s high of $1,987.80 and then at $2,000.00. First support is seen at the May low of $1,949.60 and then at $1,940.00. Wyckoff's Market Rating: 6.5

The silver bulls have the overall near-term technical advantage. Silver bulls' next upside price objective is closing July futures prices above solid technical resistance at $25.00. The next downside price objective for the bears is closing prices below solid support at the May low of $22.785. First resistance is seen at last week’s high of $24.62 and then at $25.00. Next support is seen at $23.50 and then at $23.00. Wyckoff's Market Rating: 6.5.

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Jim Wyckoff

For Kitco News

Time to Buy Gold and Silver

Tim Moseley

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Gold silver down amid bearish outside markets FOMC looms

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Gold, silver down amid bearish outside markets; FOMC looms

Gold and silver prices are lower in midday U.S. trading Monday. A trio of bearish outside markets are pressuring the precious metals today: a firmer U.S. dollar index, solidly lower crude oil prices and a rise in U.S. Treasury yields. The marketplace is a bit quieter just ahead of the U.S. central bank monetary policy meeting and key U.S. inflation reports. August gold was last down $7.80 at $1,969.30 and July silver was down $0.37 at $24.03.

The U.S. data point of the week is the FOMC meeting of the Federal Reserve, which begins Tuesday morning and ends Wednesday afternoon with a statement and press conference from Fed Chairman Powell. A majority of the marketplace still thinks the Fed will pause in its interest-rate-tightening cycle. However, a stronger U.S. jobs report last Friday has bolstered those outliers who are thinking the Fed will make another rate hike this week.

Other important U.S. economic reports out this week include the consumer and producer price index reports for May on Tuesday and Wednesday, respectively. The CPI is forecast up 4.0%, year-on-year, while the PPI is seen down 0.1%, month-on-month.

Asian stock markets were mixed overnight and European stock indexes were mostly firmer. U.S. stock indexes are firmer at midday.

  $1 trillion could be drained as Treasury 'breaks' market, gold and Bitcoin are good positions to take – James Lavish

The key outside markets today see the U.S. dollar index firmer and erased overnight losses. Nymex crude oil prices are solidly lower and trading around $67.75 a barrel. Meantime, the benchmark 10-year U.S. Treasury note yield is presently fetching 3.776%.

Technically, August gold futures bulls have the overall near-term technical advantage amid recent choppy trading. 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 the May low of $1,949.60. First resistance is seen at last week’s high of $1,987.80 and then at $2,000.00. First support is seen at today’s low of 1,963.10 and then at last week’s low of $1,953.80. Wyckoff's Market Rating: 6.5

July silver futures prices hit a four-week high last Friday. The silver bulls have the overall near-term technical advantage. Silver bulls' next upside price objective is closing prices above solid technical resistance at $25.00. The next downside price objective for the bears is closing prices below solid support at the May low of $22.785. First resistance is seen at today’s high of $24.395 and then at $24.75. Next support is seen at $23.75 and then at $23.50. Wyckoff's Market Rating: 6.0.

July N.Y. copper closed down 355 points at 375.35 cents today. Prices closed near mid-range today after hitting a four-week high last Friday. The copper bears have the overall near-term technical advantage. However, prices are in a fledgling 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 May low of 354.50 cents. First resistance is seen at 380.00 cents and then at last week’s high of 383.35 cents. First support is seen at today’s low of 373.50 cents and then at last week’s low of 368.60 cents. Wyckoff's Market Rating: 4.0.

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Jim Wyckoff

For Kitco News

Time to Buy Gold and Silver

Tim Moseley

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Gold price going into Fed decision: selloff or test of 2k?

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Gold price going into Fed decision: selloff or test of $2k?

With Federal Reserve rate hike expectations see-sawing on mixed macro data, most analysts call for a pause in June but are not ruling out more rate hikes this summer. Here's what it means for gold.

The gold market is ending the week 0.4% higher after August Comex futures found solid support at the $1,960 an ounce level. However, analysts are less bullish on gold in the short term, citing risks of more Fed rate hikes and higher U.S. dollar weighing on the precious metal.

"Gold is vulnerable after trading in a fairly muted range," TD Securities senior commodity strategist Daniel Ghali told Kitco News. "All eyes are on the rate decision. And the outlook implied by the stamens of economic projections."

 

The Fed decision

The FOMC June 13-14 meeting is important because of the rate decision, the updated economic projections, and the new dot plot, which will give some idea about the Fed's reaction function over the next few months.

The Fed is expected to keep rates unchanged at 5.25% next week, letting the lag effects of monetary policy tightening from the last 15 months take effect. The CME FedWatch Tool is pricing in a 72% chance of a pause at the time of writing. If the Fed does pause, it would be the first 'on hold' decision since January 2022.

A pause would be bullish for the gold sector, OANDA senior market analyst Edward Moya told Kitco News.

"For gold, we are going to see more optimism that the Fed is done," Moya said. "The Fed seems likely to pause their tightening cycle, and if the updated forecasts remain optimistic that inflation will get a lot closer to target, it could be good news for gold bulls. Gold volatility should be elevated as prices could break out of the $1,950 to $2,000 trading range."

On the other hand, any hawkish surprise could mean a steep selloff for gold, Ghali noted. "Recent positioning raised implications of a surprise hike for next week. And a cohort of money managers might be vulnerable to that hike. A break below $1,940 an ounce would be significant."

Markets are referring to a potential pause in June as a "hawkish skip," citing the Bank of Canada's decision to pause for two consecutive meetings in the spring and then revert to another rate hike at the June meeting.

"We expect the Fed to leave interest rates unchanged at next week's FOMC meeting but, in what could be characterized as a 'hawkish skip,' to signal via forward guidance that officials are minded to hike interest rates again, probably at the following meeting in late-July," said Capital Economics chief North America economist Paul Ashworth. "The recent resilience of employment and stickiness of core inflation will ensure that the Fed delivers that rate hike as planned next month."

All eyes are on next week's inflation numbers

The big macro event everyone is keeping a close eye on is the U.S. May CPI report, which will be released on Tuesday — one day before the Fed's rate announcement.

And some analysts see the Fed decision as hinging on that inflation report.

"Should core inflation come in at 0.5% month-on-month – or 0.6% rather than the 0.4% consensus expectation – then the odds would likely swing in favor of a hike on Wednesday, as the measure would be heading in completely the wrong direction," said ING chief international economist James Knightley.

 

Gold price levels to watch

The gold market has formed a bottom at the $1,950 an ounce level, which serves as a solid support, RJO Futures senior market strategist Frank Cholly told Kitco News.

"A lot depends on the dollar right now," Cholly said. "Gold will need something above $2,000 for the August contract to give more confidence."

For the summer months, gold could be in store for a slow downward move as investor appetite lacks conviction during a seasonally slow period for consumption, said Standard Chartered precious metals analyst Suki Cooper.

"The gold market is caught within a comfortable range, and while tail risks exist that could push prices higher, risks through to year-end are increasingly to the downside," Cooper said Friday. "We believe the floor is well supported; in turn, prices are more likely to drift lower than plummet."

Standard Chartered is projecting gold to average at $1,975 an ounce in Q2 and $1,925 in Q3.
 

Next week's data

Tuesday: U.S. CPI

Wednesday: Fed rate decision, PPI,

Thursday: ECB rate decision, U.S. retail sales, Philly Fed manufacturing index, U.S. jobless claims, U.S. industrial production, NY Empire State manufacturing index,

Friday: Michigan consumer sentiment

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Anna Golubova

For Kitco News

Time to Buy Gold and Silver

Tim Moseley

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Slight price rises in gold silver as FOMC meeting looms

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Slight price rises in gold, silver as FOMC meeting looms

Gold and silver prices are slightly higher in quieter U.S. trading early Friday. It appears the precious metals are pausing ahead of a busy U.S. data week next week, including inflation reports and the FOMC meeting. August gold was last up $1.60 at $1,980.20 and July silver was up $0.097 at $24.445.

The marketplace is looking ahead to next week’s FOMC meeting of the Federal Reserve, which begins Tuesday and ends Wednesday afternoon with a statement and press conference from Fed Chairman Powell. A majority of the marketplace thinks the Fed will pause in its interest-rate-tightening cycle. But now many market watchers think the U.S. central bank will follow the Bank of Canada’s recent moves. The BOC this week raised interest rates by 0.25% after a four-month pause. Also next week comes the consumer price index and producer price index, on Tuesday and Wednesday, respectively.

Asian and European stock markets were mixed to firmer overnight. U.S. stock indexes are pointed toward weaker openings when the New York day session begins.

In overnight news, China’s producer price index unexpectedly dropped sharply in May, at down 4.6%, year-on-year. That’s the biggest drop in seven years. China’s consumer price index rose 0.2%, year-on-year. This latest data from China is another clue that major central banks of the world are taming problematic inflation.

  Run away from AAPL, NVDA and the entire tech sector as fast as you can and start buying gold – The High-Tech Strategist's Fred Hickey

The key outside markets today see the U.S. dollar index firmer. Nymex crude oil prices are near steady and trading around $71.25 a barrel. Crude prices briefly dropped sharply Thursday on reports the U.S. and Iran may be getting close to an agreement on its nuclear program that could prompt the lifting of oil sanctions on Iran. However, prices recovered as most traders doubt the U.S. and Iran can really come to terms on the matter. Meantime, the benchmark 10-year U.S. Treasury note yield is presently fetching 3.755%.

There is no major U.S. economic data due for release Friday.

Technically, the gold futures bulls have the overall near-term technical advantage. Bulls’ next upside price objective is to produce a close in August futures above solid resistance at $2,000.00. Bears' next near-term downside price objective is pushing futures prices below solid technical support at the May low of $1,949.60. First resistance is seen at this week’s high of $1,986.50 and then at $2,000.00. First support is seen at $1,965.00 and then at the May low of $1,949.60. Wyckoff's Market Rating: 6.5

The silver bulls have gained the overall near-term technical advantage. Silver bulls' next upside price objective is closing July futures prices above solid technical resistance at $25.00. The next downside price objective for the bears is closing prices below solid support at the May low of $22.785. First resistance is seen at $24.75 and then at $25.00. Next support is seen at $24.12 and then at $24.00. Wyckoff's Market Rating: 6.0.

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Jim Wyckoff

For Kitco News

Time to Buy Gold and Silver

Tim Moseley

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Gold silver surge as USDX sinks US Treasury yields slip

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Gold, silver surge as USDX sinks, U.S. Treasury yields slip

Gold and silver prices are sharply higher in midday U.S. trading Thursday, boosted by a solidly lower U.S. dollar index and a dip in U.S. Treasury yields on this day. August gold was last up $24.60 at $1,983.00 and July silver was up $0.796 at $24.325.

The marketplace is starting to zero in on next week's FOMC meeting of the Federal Reserve. The majority of the marketplace thinks the Fed will pause in its interest-rate-tightening cycle. But now many market watchers think the U.S. central bank will follow the Bank of Canada's recent moves. The BOC this week raised interest rates by 0.25% after a four-month pause. The BOC's move “brings home the reality that a pause needn't be a pivot. It can also be a way to slow down increases while fresh data come in,” said a Wall Street Journal story today.

Asian and European stock markets were mostly weaker overnight. U.S. stock indexes are firmer at midday.

In other news, the Euro zone reported its first-quarter GDP was revised down to -0.1% from the fourth quarter. Meantime, the fourth-quarter GDP was revised down to -0.1%. That means the Euro zone technically entered a recession in the first quarter, albeit just barely.

The Turkish lira hit a new record low against the U.S. dollar, prompting some worries of a possible currency contagion at some point, if the lira continues to weaken.

  Stocks will end 2023 higher, but 'Fed has gone too far' – David Nelson

The key outside markets today see the U.S. dollar index sharply down. Nymex crude oil prices are sharply lower and trading around $70.00 a barrel. Meantime, the benchmark 10-year U.S. Treasury note yield is presently fetching 3.73%.

Technically, August gold futures bulls have the overall near-term technical advantage amid recent choppy trading. 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 the May low of $1,949.60. First resistance is seen at this week's high of $1,986.50 and then at $2,000.00. First support is seen at 1,970.00 and then at this week's low of $1,953.80. Wyckoff's Market Rating: 6.5

July silver futures prices hit a four-week high today. The silver bulls have regained the overall near-term technical advantage. Silver bulls' next upside price objective is closing prices above solid technical resistance at $25.00. The next downside price objective for the bears is closing prices below solid support at the May low of $22.785. First resistance is seen at today's high of $24.46 and then at $24.75. Next support is seen at $24.00 and then at today' low of $23.51. Wyckoff's Market Rating: 6.0.

July N.Y. copper closed up 195 points at 377.55 cents today. Prices closed nearer the session high today and closed at a four-week high close. The copper bears still have the overall near-term technical advantage. However, a six-week-old downtrend on the daily bar chart has been negated. 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 May low of 354.50 cents. First resistance is seen at this week's high of 381.15 cents and then at 385.00 cents. First support is seen at today's low of 373.45 cents and then at this week's low of 368.60 cents. Wyckoff's Market Rating: 4.0.

By

Jim Wyckoff

For Kitco News

Time to Buy Gold and Silver

Tim Moseley

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