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BitMEX’s Arthur Hayes Predicts Bitcoin Will Hit 1000000 In This Bull Market Cycle

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BitMEX’s Arthur Hayes Predicts Bitcoin Will Hit $1,000,000 In This Bull Market Cycle

By Newton Gitonga – March 21, 2024

Arthur Hayes, the co-founder of BitMEX, has made a bold prediction regarding Bitcoin’s future price trajectory, suggesting that the top crypto asset could hit $1 million during this ongoing bull market.

During an interview with popular crypto podcaster Anthony Pompliano this week, Hayes expressed confidence in Bitcoin’s long-term prospects, stating, “I think that bitcoin will go to $1 million by the end of this cycle.”

Hayes’ optimism stems from the increasing mainstream adoption of Bitcoin, as evidenced by the ease with which investors can now purchase Bitcoin ETFs with a click of a button. He further expressed belief that the current bull market is still in its nascent stages, fueled by global economic uncertainty and the resulting desire for a hedge against inflation.

“I don’t not think people have big enough imaginations right now [Bitcoin] went so fast as $70,000. Why did it go so fast as $70,000 because a bunch of people now can like click a but check a box and buy some Bitcoin ETF… this bull market is just getting started,” he added.

Notably, Hayes’ prediction aligns with those of Cathie Wood, the CEO of ARK Invest, who recently announced that Bitcoin could reach the $1 million mark before 2030. Wood’s optimism stems from her conviction in Bitcoin’s potential and ability to reshape the global financial landscape.

Moreover, Samson Mow, the Chief Strategy Officer at Blockstream, recently voiced Bitcoin’s future trajectory, saying that it could hit $1 million this year amidst unprecedented demand. Mow’s outlook underscored the increasing demand for Bitcoin as a store of value and hedge against inflation, particularly in the face of economic uncertainty and monetary stimulus measures.

That said, Hayes’ prediction comes amidst heightened volatility and fervent speculation surrounding Bitcoin. After experiencing significant price surges in the past few months and printing a new all-time high of $73,750 earlier this month, Bitcoin is facing a price recoil, mainly attributed to profit-taking, raising questions as to how low it could dip.

Pompliano, however, weighed in on the cryptocurrency’s recent drawdown during an interview with Bloomberg on Wednesday, highlighting Bitcoin’s resilience in the face of recent pullbacks, emphasizing the cryptocurrency’s historical context and long-term growth potential.

“This is actually a very small drawdown in a bull market,” Pompliano stated, comparing the current market correction to previous cycles experienced by Bitcoin.

“I think one of the lessons of Bitcoin over the last 3 four years is no one knows what the future is going to be and we’ve even violated some of those historical rules that people held…we had never seen Bitcoin hit an all-time high before the having both of those rules got broken and so I think we’re in Uncharted territory,” added Pompliano.

Bitcoin traded at $65,000 at press time, reflecting a 0.38% surge over the past 24 hours

DISCLAIMER

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

The original article written by Newton Gitonga and posted on Zycrypto.com.

Article reposted on Markethive by Jeffrey Sloe

** Loans, secure funding for business projects in the USA and around the world. Learn more about USA & International Financing at Commercial Funding International. **

Tim Moseley

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Gold price rallies after FOMC statement deemed not too hawkish

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Gold price rallies after FOMC statement deemed not too hawkish

Gold and silver prices are higher and neare daily highs in U.S. trading Wednesday, following a Federal Reserve monetary policy statement that the precious metals bulls saw as price-friendly. April gold was last up $13.30 at $2,173.10. May silver was last up $0.29 at $25.425.

The just-concluded Federal Open Market Committee (FOMC) monetary policy meeting saw the Federal Reserve keep its monetary policy unchanged, as expected. The key Fed Funds interest rate range was kept steady at 5.25% to 5.50%. The FOMC statement seemingly walked a neutral line on policy: not too hawkish and not too dovish. The statement said the U.S. economy is growing and inflation has eased but is still elevated. The statement said no rate cuts will occur until the Fed has more confidence inflation has been tamed. Still, the statement said the Fed sees three interest rat cuts this year. Judging by the reaction of the gold market, traders deemed the FOMC statement as not being too hawkish, and that the Fed appears willing to tolerate slightly higher inflation for longer. Now the marketplace awaits the afternoon press conference from Fed Chairman Jerome Powell. Traders will closely scrutinize Powell’s remarks for clues on the future path and timing of Fed monetary policy.

The key outside markets today see the U.S. dollar index weaker after being higher before the FOMC statement. The USDX had seen a solid rebound from the March low and the bulls have the technical advantage. Nymex crude oil prices are solidly lower and trading around $81.50 a barrel. The yield on the benchmark 10-year U.S. Treasury note is presently fetching around 4.3%.

The Bank of England holds its regular monetary policy meeting Thursday.

Technically, April gold futures bulls have the solid overall near-term technical advantage. A four-week-old uptrend is in place on the daily bar chart. A bullish pennant pattern has formed on the daily bar chart, but needs to see an upside breakout very soon to complete the formation. Bulls’ next upside price objective is to produce a close above solid resistance at the contract high of $2,203.00. Bears' next near-term downside price objective is pushing futures prices below solid technical support at $2,100.00. First resistance is seen at $2,180.00 and then at $2,190.00. First support is seen at this week’s low of $2,149.20 and then at $2.140.00. Wyckoff's Market Rating: 8.0.

May silver futures bulls have the firm overall near-term technical advantage. Silver bulls' next upside price objective is closing prices above solid technical resistance at the December high of $26.575. The next downside price objective for the bears is closing prices below solid support at $24.00. First resistance is seen at last week’s high of $25.66 and then at $26.00. Next support is seen at $25.00 and then at $24.50. Wyckoff's Market Rating: 7.0.

May N.Y. copper closed down 20 points at 407.25 cents today. Prices closed nearer the session high. The copper bulls have the solid overall near-term technical advantage. Prices are in a steep five-week-old uptrend on the daily bar chart. Copper bulls' next upside price objective is pushing and closing prices above solid technical resistance at 425.00 cents. The next downside price objective for the bears is closing prices below solid technical support at 400.00 cents. First resistance is seen at today’s high of 408.95 cents and then at Tuesday’s high of 413.65 cents. First support is seen at today’s low of 402.70 cents and then at 400.00 cents. Wyckoff's Market Rating: 7.5.

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Jim Wyckoff

Time to Buy Gold and Silver

Tim Moseley

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WarriorPlus Affiliate Marketing Guide for Beginners: Getting Started in 2024

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WarriorPlus Affiliate Marketing Guide for Beginners: Getting Started in 2024

Are you ready to dive into the world of affiliate marketing and carve out a profitable niche with WarriorPlus? If you're new to the platform or affiliate marketing in general, stress not—this step-by-step guide will walk you through the essentials of making money with WarriorPlus, from setting up your account to choosing offers that convert like crazy.

 

 

Introduction to WarriorPlus

WarriorPlus is a gold mine of high-converting offers that can help you earn a healthy commission as an affiliate. It's packed with thousands of products in various niches, allowing you to find something that resonates with your audience or aligns with your marketing strengths.

However, navigating WarriorPlus can be confusing at first glance. So let's break it down into manageable steps to get you started on the path to affiliate success!

Setting Up Your WarriorPlus Account

First things first, let's get you into the system. You can find WarriorPlus by typing "warriorplus.com" into your browser or simply searching for "WarriorPlus" on Google. Once on the main page, you might find the corporate jargon a bit dense. But no worries, we're here to look beyond that and focus on the real deal—making money.

Go straight to the "free sign up" button. You'll only need a username, a password, and an email address to create your free account. Make sure to use an email address you have access to since you'll need to confirm it to complete your registration. Simple, right?

Your WarriorPlus Dashboard Deep Dive

Upon logging in, you'll land on your dashboard, your affiliate marketing command center. You'll see sections for top products of the day, week, and month—these are your go-to’s for finding hot products.

Some products consistently rank high due to their irresistible offers and trustworthy vendors. These staples are a fantastic starting point, but it's essential to look at the product's stats like sales, conversion rate, visitor value, and particularly the refund rate.

Pro tip: Always opt for products with low refund rates. No one likes doing a bunch of promo work only to see commissions disappear because of high refund rates. It's all about finding that sweet spot where the product is appealing and the buyers are satisfied.

Finding and Promoting Offers

Now, onto one of the most crucial parts—finding good offers to promote. Navigate to the 'Affiliate' tab and hit 'Offers.' Here, you'll encounter a mammoth list of over 10,000 offers. Take the time to sift through these, focusing on the release date, conversions, visitor value, average sale, and refund rate.

 

 

Once you've eyed a potential winner with promising stats, requesting to promote it is your next move. Paste the product's name in the search bar, find it, and click 'Request.' You may need to provide a brief explanation of how you plan to market the product. For example, mention if you have a YouTube channel or blog where you'll feature the offer.

Getting Your Affiliate Link and Promoting It

After your promotion request is approved, you'll be able to grab your unique affiliate link. This link is crucial—it’s how your sales get tracked and how you make your bank. You'll find your approved offers and links in the 'Offers' section under 'Approved Only.' Just copy your link, and you're ready to start spreading the word and earning commissions!

Cashing Out on WarriorPlus

Earning is great, but withdrawal is where the rubber meets the road. Click your username on WarriorPlus, then head to the 'W+ Wallet.' Here you can set up your withdrawal method, either through PayPal or a bank transfer. Keep in mind there's a 30-day pending period for your sales to settle and ensure there are no refunds before you can withdraw your hard-earned cash.

Final Tips for New Affiliates

Let's wrap this up with some power tips to set you on the right path:

  • Choose Actively Converting Products: Stick to products that are currently selling well. It means the vendor knows the sales game and has a page that's convincing to buyers.
  • Low Refund Rates are King: High earnings don't mean much if they're just going to be returned. Aim for offers that keep their promises to consumers.
  • Patience is Profitable: Don’t get discouraged if everything doesn't come together overnight. Focus on what's working and scale it up.

Starting your affiliate marketing journey with WarriorPlus can be a lucrative path if done right. With the insights from this step-by-step guide, you're now equipped to navigate WarriorPlus like a pro and start earning those commissions.

Curious for more ways to expand your affiliate marketing skills? Keep an eye out for more tutorials and don't hesitate to apply what you’ve learned today. Here’s to your success, and see you in the next guide!

 

Remember, consistency is key. Match the casual and upbeat tone of the original video content, stay clear of overly complex words, and keep it descriptive and helpful. Happy blogging!

 

Tim Moseley

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538 Million In Crypto Longs Liquidated Amid Market Blood Bath Is The Bull Run Officially Over?

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$538 Million In Crypto Longs Liquidated Amid Market Blood Bath — Is The Bull Run Officially Over?

By Brenda Ngari – March 19, 2024

Crypto’s upward march in recent weeks hit a bump in the road, with Bitcoin, Ethereum, and other major cryptocurrencies suffering a sudden, brutal crash.

Crypto’s latest bloodbath, plunging Bitcoin to sub-$63,000, has led to a colossal $538 million worth of crypto position liquidations within the last 24 hours. Given the severity of the pullback, investors and analysts wonder if this signals the end of the recent crypto bull rally.

Bitcoin Volatility Causes Spike In Long Liquidations

The Bitcoin and wider crypto market has been turbo-charged by the launch of a slew of spot BTC exchange-traded funds (ETFs) on Wall Street in January. The new investment vehicles have attracted billions of dollars since their debut, effectively becoming the fastest-growing ETFs in history.

However, the crypto boom quickly turned to gloom as cryptocurrencies nose-dived. The global crypto market cap has shed 7.1% since yesterday, having briefly fallen below $2.5 trillion.

Just last week, the bellwether crypto set a new lifetime high of $73,737.94. At the time of publication, Bitcoin is trading for $62,797, down 7.9% over the last 24 hours, per data from CoinGecko. So far, the OG crypto has not found a reliable floor. Trader Ali Martinez has examined ground below the $60,000 level, noting, “Some of the key Bitcoin support levels to watch are $61,100, $56,685, and $51,530.”

“On the other hand, critical resistance points for $BTC stand at $66,990 and $72,880.”

Of the $663.17 million in liquidated crypto positions over the past day, just over $538 million were long positions, according to data compiled by CoinGlass. Over 246,087 traders were liquidated over the past 24 hours.

Liquidations happen when a crypto exchange forcefully closes a trader’s leveraged position because of a partial or total loss of the trader’s initial margin or collateral. They happen due to a lack of funds to cover losses. Of the total liquidations in the past 24 hours, Bitcoin experienced roughly $190.91 million in liquidations, of which $147.78 million were long positions.

Altcoins Bleed Out

The price of ether (ETH), the industry’s second-largest crypto, has fared even worse than Bitcoin. ETH recently changed hands at $3,246.11. That’s a 9.9% decline since yesterday and 18.9% lower than it was this time last week when the crypto community was preparing for the implementation of the Dencun upgrade on the mainnet.

In the meantime, meme coins, which saw unprecedented rallies a few weeks ago, have incurred even deeper losses amid crypto-wide retracement.

Solana-based meme coins Dogwifhat (WIF) and Bonk (BONK) have slipped 22.8% and 15.5%, respectively, in the last 24 hours. And Floki Inu (FLOKI), one of the Ethereum-based doggy-themed meme coin rivals, has dropped 18.5% on the day.

DISCLAIMER

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

The original article written by Brenda Ngari and posted on ZyCrypto.com.

Article reposted on Markethive by Jeffrey Sloe

** Loans, secure funding for business projects in the USA and around the world. Learn more about USA & International Financing at Commercial Funding International. **

Tim Moseley

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Gold price forecast looks bearish dragged by fundamental risks technical indicators – FX Leaders’ But

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Gold price forecast looks bearish, dragged by fundamental risks, technical indicators – FX Leaders’ But

 Gold prices look set to continue their recent retracement as the technical and fundamental picture worsens, according to Arslan Butt, Lead Commodities and Indices Analyst at FX Leaders.

Butt said the near-term price forecast for spot gold looks weak as the precious metal is seeing its third consecutive down day, hitting a one-week low of $2,050 per ounce during Monday’s Asian trading session.

“This decline is attributed to the robust inflation figures emanating from the United States last week, which have fueled expectations that the Federal Reserve will maintain a stance of prolonged high-interest rates,” he wrote. “Consequently, this scenario has bolstered US Treasury bond yields, providing a boost to the US Dollar (USD) and placing pressure on non-yielding gold.”

Despite this, Butt said the market is still anticipating rate cuts from the Federal Reserve as early as June.

“This expectation, combined with ongoing geopolitical tensions, is anticipated to provide a floor to gold’s value, preventing further significant losses,” he said, but cautioned that investors “are likely to remain on the sidelines, awaiting additional indicators of the Fed’s interest rate trajectory” which they hope to glean from Wednesday’s FOMC meeting.

Butt pointed out that U.S. inflation data is having a sizable impact on gold’s price dynamics, “which could adversely affect the appeal of gold.”

“Reports from the University of Michigan’s preliminary survey indicated minimal change in both one-year and five-year inflation expectations in March, while the US Consumer Sentiment Index dipped to 76.5,” he noted. “The CME Group’s FedWatch Tool suggests a 60% probability of an interest rate reduction at the June policy meeting, tempering USD bullishness.”

He said that ongoing geopolitical tensions, “particularly the continued Russia-Ukraine conflict and unrest in the Middle East,” are also expected to support the value of gold as a safe-haven asset.

“Recent escalations include intensified Ukrainian drone attacks on Russian oil facilities and Israeli Prime Minister Benjamin Netanyahu’s confirmation of plans to advance into Gaza’s Rafah region,” he said. “These developments contribute to a climate of uncertainty, bolstering the gold case.”

Turning to the technical picture, Butt noted the formation of a descending triangle breakout pattern on the 4-hour chart.

“Gold’s (XAU/USD) price dipped to $2147.07, marking a 0.36% decrease, as it teeters below its pivotal $2157.22 pivot point,” he wrote. “The asset’s breach of the descending triangle pattern close to the $2157 level highlights this movement as being bearish.”

“Immediate resistance lies ahead at $2173.06, with further obstacles at $2189.33 and $2204.58,” he added. “Conversely, support levels are identified at $2139.00, $2124.63, and $2109.75, which could act as potential rebound zones.”

Butt said that a number of technical indicators, including a Relative Strength Index (RSI) reading of 36 and the 50-day Exponential Moving Average (EMA) positioned at $2150.84, support a bearish outlook.

“The violation of the descending triangle pattern suggests imminent selling pressures, potentially driving the price towards the $2139.00 support level,” he said.

“Overall, gold exhibits a bearish trend below the $2150 mark, with any upward movement past this threshold signalling a shift towards bullish momentum.”

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Ernest Hoffman

Time to Buy Gold and Silver

Tim Moseley

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Standard Chartered’s Bold Forecast: Bitcoin To Rise To 150000 This Year

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Standard Chartered’s Bold Forecast: Bitcoin To Rise To $150,000 This Year

By Brenda Ngari – March 18, 2024

British multinational bank Standard Chartered has upped its Bitcoin price prediction target for end-2024 to $150,000 from the previous estimate of $100,000.

BTC To Hit $150,000 By End-2024

Standard Chartered has projected that by the end of this year, the benchmark crypto Bitcoin may succeed in hitting the $150,000 threshold, up from the previous $100K.

Standard Chartered analysts said last year that Bitcoin could reach $100K in 2024. By July, they had revised their forecast to predict a $120,000 price tag for the same timeframe.

The bank based its analysis for the new $150,000 target on the comparison with the price of gold after U.S. gold exchange-traded funds launched and the correlation between ETF inflows and the price of Bitcoin.

“For 2024, given the sharper-than-expected price gains year-to-date, we now see potential for the BTC price to reach the $150,000 level by year-end, up from our previous estimate of $100,000,” Standard Chartered Bank analysts led by Geoffrey Kendrick said in a March 18 report.

When gold ETFs hit the market, the price of the precious metal surged as new investors gained access to the market. Although gold prices climbed gradually as investors invested money into the ETF product, Standard Chartered contends that the BTC market “will mature much faster.”

The U.S. Securities and Exchange Commission (SEC) approved 11 spot Bitcoin exchange-traded funds (ETFs) in mid-January after a decade of denials. The BTC investment vehicles then began trading the next day, and have since seen blockbuster success.

As for higher peaks, the bank’s analysts “see a good chance of an overshoot to the $250,000 level at some stage in 2025” if BTC ETF inflows hit their mid-point estimate of $75 billion and/or if forex reserve managers begin purchasing Bitcoin.

“We think the gold analogy — in terms of both ETF impact and the optimal portfolio mix — remains a good starting point for estimating the ‘correct’ BTC price level medium-term,” the report explained.

Is Spot Ether ETF Approval On The Cards?

Standard Chartered also suggested that the SEC could give the approval stamp to spot ether (ETH) ETF later this spring, which will lead to inflows of $45 billion in the first year and ETH smashing the $8,000 level by the end of the year.

Ether is currently priced at $3,508.55 after dropping 3.5% over the past 24 hours, according to CoinGecko data. The second-largest crypto hit an all-time high of $4,878 in November 2021.

Notably, Standard Chartered analysts also think the price of ETH will reach $14,000 in 2025 as Bitcoin soars to $250,000.

That being said, there is little chance of spot ETH ETFs being greenlighted this year, as the Securities and Exchange Commission faces heightened political pressure not to allow ETFs for other crypto assets beyond Bitcoin.

DISCLAIMER

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

The original article written by Brenda Ngari and posted on Zycrypto.com.

Article reposted on Markethive by Jeffrey Sloe

** Loans, secure funding for business projects in the USA and around the world. Learn more about USA & International Financing at Commercial Funding International. **

Tim Moseley

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Binance CEO Predicts Bitcoin Rally Past 80000 As Investments In Crypto ETFs Surge

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Binance CEO Predicts Bitcoin Rally Past $80,000 As Investments In Crypto ETFs Surge

By Newton Gitonga – March 17, 2024

Binance CEO Richard Teng has shared his bullish stance on Bitcoin, predicting that the cryptocurrency will soar above $80,000, driven by increasing institutional investments in crypto-backed exchange-traded funds (ETFs).

Speaking at an event in Bangkok on Sunday, the former regulator noted that the launch of spot Bitcoin ETFs in the US earlier this year has already started to attract institutional investors and new fund flows, adding, “We’re just getting started.”

Teng further revealed he expects Bitcoin to soar above $80,000 before the end of the year as crypto demand continues to soar and supply reduces. He, however, emphasized that the rally won’t be a “straight line” and the market will experience ups and downs, which is good for the market.

The pundit’s prediction of Bitcoin is not new. Earlier last month, Teng surveyed his followers on Bitcoin’s potential value by the end of 2024, offering options of $40,000, $80,000, and $120,000. Interestingly, the survey results favoured a bullish expectation of $120,000.

In a tweet on Sunday, the CEO further hinted at his bullish stance for BTC when asked about the significance of the number 3 to him in the Thai community.

“Many good things in crypto have 3 syllables – BTC, BNB, ATH, To The Moon… Now you know.” He wrote.

Notably, Bitcoin has experienced a remarkable price surge, catalyzed by the recent approval of several spot ETFs earlier this year. This surge propelled Bitcoin to achieve an all-time high of $73,750 last week. Moreover, the total daily crypto exchange volume on March 14 nearly reached $100 billion, marking the first instance since 2021.

The launch of Bitcoin ETFs in the US has also led to relentless inflows, with more endowments, and family offices are expected to step up allocations into Bitcoin ETFs in the near term. According to data from crypto BitMEX Research, ETF net inflows this week topped $2.565 billion, propelling the cumulative net inflows to a staggering $12 billion after 47 days of trading. According to experts like Willy Woo, this could be the tip of the iceberg.

Teng, who took over as CEO after co-founder Changpeng Zhao stepped down in November following the company’s $4.3 billion settlement with US authorities, has long advocated crypto adoption. In a recent interview, Teng noted that as more regulators spend time, energy, and resources to understand and formulate regulatory frameworks for crypto, it will instil further trust within the community and user base, leading to mass adoption.

Despite plunging since Thursday due to market participants’ profit-taking behaviour, Bitcoin demonstrated resilience on Sunday as it attempted to break minor resistance around $68,000.

The market is expected to continue fluctuating within its current range until the supply diminishes, potentially paving the way for a bullish breakout. The crypto asset traded at $67,108 at press time, reflecting a 1.10% drop over the past 24 hours.

DISCLAIMER: None Of The Information You Read On ZyCrypto Should Be Regarded As Investment Advice. Cryptocurrencies Are Highly Volatile, Conduct Your Own Research Before Making Any Investment Decisions.

The original article written by Newton Gitonga and posted on ZyCrypto.com.

Article reposted on Markethive by Jeffrey Sloe

** Loans, secure funding for business projects in the USA and around the world. Learn more about USA & International Financing at Commercial Funding International. **

Tim Moseley

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The gold market has gotten ahead of anticipated Fed easing cycle – Barclays

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The gold market has gotten ahead of anticipated Fed easing cycle – Barclays

The gold market has gotten ahead of itself and is due for a further correction after a relatively quiet week following its breakout to record highs, according to one major British Bank.

While off of last week's high above $2,200 an ounce, gold prices have rallied more than 5% this month. In recent comments, Stefano Pascale, Equity Derivatives Strategist at Barclays, said that gold’s surging bullish momentum is being driven in part by expectations that the Federal Reserve will begin its new easing cycle in June.

He added that gold’s nine-day rally this month is one of the longest bullish streaks for precious metals on record. However, he said that there could be limited upside for gold in the near term.

“Our model shows the yields and the U.S. dollar should have accounted for only one-third of the actual rally that happened. So there's something else at work. Now, we did some positioning analysis, and, basically, there's strong evidence that the Fed pivot sort of forced macro funds to switch from having a negative exposure to gold by positive exposure,” Pascale said in a recent interview with Yahoo News.

However, Pascale also noted that this gold rally might be a little premature as the precious metal typically is fairly quiet ahead of expected easing from the Federal Reserve. He explained that gold prices tend to rise after the first Federal Reserve rate cut, not in anticipation of it.

Although gold has not followed the typical pattern, this has been one of the most anticipated pivots for the Federal Reserve in recent history. Since the start of the year, the U.S. central bank has signaled that interest rates will be coming down in 2024, but it wants to be confident that inflation is falling back to its 2% target before it starts the new easing cycle.

Complicating the Federal Reserve’s stance is recent economic data that shows inflation remains stubbornly elevated. This week, the U.S. Consumer Price Index and Producer Price Index showed hotter-than-expected inflation pressures.

According to the report, consumer prices are being driven by rising shelter costs and higher gasoline prices. Meanwhile, the PPI is considered a leading indicator of inflation as it highlights rising costs early in the supply chain; businesses typically pass on higher costs to consumers.

Although markets still expect the Federal Reserve to lower interest rates at its June monetary policy meeting, confidence in this move is slowly starting to wane.

According to the CME FedWatch Tool, markets see only a 55% chance of a rate cut. Last Friday, markets saw a more than 80% chance of easing.

Pascale said Barclays expects the Federal Reserve to begin its easing cycle in June. He added that the Bank recommends investors use option call spreads to get some upside exposure to gold in the current environment.

“The advantage is that for a price, it has some sort of insurance built in. So you have upside exposure, but you're not exposed to the downside. And right now, I think volatility markets are giving you a really good entry point for that type of strategy,” Pascale said in the interview.

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Neils Christensen

Time to Buy Gold and Silver

Tim Moseley

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There is a legitimate opportunity for a home-based business

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There is a legitimate opportunity for a home-based business,

There is a legitimate opportunity for a home-based business, and here are the five ways to make your decision.

ecosystem for entrepreneurs

When embarking on the journey of starting a home-based business, it is crucial to keep in mind the five W’s – who, what, when, where, and why. These fundamental questions can effectively guide the determination of the specific aspect of the opportunity to pursue and identify the essential requirements to get the business off the ground. By conscientiously considering and addressing these facets, the process can be considerably less daunting and more streamlined, ultimately paving the way for a smoother and more successful entrepreneurial venture.

WHY

Having a clear understanding of why you want to find a good home-based business is the first step. Is it all about the money? Are you planning to quit your job to make more money? Maybe you want to have more free time to spend with your loved ones and friends. Or are you unable to go to work because of a disability or serious illness?

The answers to these questions can help you gain a more in-depth comprehension of the factors that motivate you to pursue this particular chosen line of work. Jumping across a gorge is not something that you do merely for the purpose of jumping. It’s usually because you have to get to the opposite side of the situation. Focus is created when you become aware of the reasons for your search for a real opportunity to run a business from home.

WHAT

In light of the fact that you are seeking for a real home-based business opportunity, this line of inquiry may appear to be absurd; yet, do you intend to go to clients or customers for any aspect of your firm? In order to meet with or provide service to clients or consumers, do you intend to establish a specific radius? Or are you planning to communicate with people all over the world? Through the use of the internet, you will undoubtedly be able to accomplish your goal. This is of the utmost importance when it comes to establishing and keeping your lawful home-based business opportunity going.

TO WHOM

Who is the target audience for the items and services that you offer through your legitimate home-based company model? There is a wide range of potential target groups, including children, men, women, families, and corporations. For the purpose of conducting research on your audience in your region, it is imperative that you question who. Does a big portion of your target audience reside in an area that is geographically remote, generic, or global? In the event that your lawful home-based business opportunity makes use of the internet, then any and all of the aforementioned individuals constitute your target audience. Both marketing and sales rely heavily on this.

WHAT IS IT?

The aspect of a reputable home-based company opportunity that most piques your interest is just which one? Is it the actual marketing and sales of the product that you find more enjoyable, or is it the process of developing a thing by hand? Some aspects of running a business are fun, and it is in these areas that you will flourish. Then there are those who cause conflict. It is helpful to be aware of both your talents and limitations in order to better prepare yourself for the positive and negative aspects of operating a reputable home-based business opportunity.

IT IS WHAT

Specifically, what type of legal home business are you interested in? Do you want to work in wholesale or online business? You could consider offering services like tutoring or sewing. Affiliate marketing is a great option for a home business. Figure out what you really want to do for your home business.

These five categories are simple but have a big impact on how you set up your legal home-based business. You need to have the right answers to make the best business decisions for success and satisfaction. If you start selling car parts online but hate working on cars, you won’t be happy doing it every day. Before transitioning to a good home-based business, make sure you know why you’re doing it, have a goal in mind, and understand what you enjoy. This way, your decision to start a good home-based business will be very worthwhile and last longer.

There is a legitimate opportunity for a home-based business

Tim Moseley

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Investors speculate on Fed’s decision next week as inflation remains persistent

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Investors speculate on Fed’s decision next week as inflation remains persistent

A primary purpose of holding or investing in gold is to protect one’s portfolio against high inflation. It has always been considered an inflationary hedge. Simply put, one can extrapolate that if interest rates remain elevated or spike higher it will provide bullish tailwinds supportive of higher gold pricing.

This is true with one exception; when the Federal Reserve is initiating either quantitative tightening or quantitative easing. Currently, the Federal Reserve is completing a multiyear period of quantitative tightening in which they have raised interest rates from historic lows of 0% to a ¼%, all the way to between 5 ¼% and 5 ½%.

Higher interest rates exude a bearish influence on gold because gold does not contain any intrinsic yield. When fixed income assets such as treasuries have high yields it diminishes the allure for gold. This scenario is the economic environment that we find ourselves in today.

One-Two Punch

This week two important reports revealed new data concerning current inflationary pressures. The Consumer Price Index revealed that inflation for February came in hotter than expected. Yesterday’s release of the most current Producer Price Index revealed that producers raised the price of their goods by 0.6% during the month of February. Because a hot PPI is a precursor to a hot CPI we can expect that inflation this month could continue to be elevated.

This has pressured gold off the highs achieved last Friday. Tuesday's release of the CPI took gold futures down $25, and on Wednesday gold recovered gaining back approximately $15 of Tuesday’s decline. For the remainder of the week, gold softened but still did not trade to a lower low than the low achieved on Tuesday.

One week ago, gold futures challenged $2200 per ounce and traded to a high of $2203. The price of gold above $2200 for the first time in history was short-lived, but the fact that gold has remained above $2150 all week is a sign that a base is being formed, and we may see that price tested again soon. Gold has been extremely resilient and able to hold onto most of its recent gains even with moderate headwinds from dollar strength, and higher treasury yields.

As of 6 PM EDT, gold futures basis the most active April contract is currently fixed at $2159.40 after factoring in today’s modest decline of $7.10 or 0.33%.

Market participants will now begin to enter a “wait-and-see mode” as the Federal Reserve will begin the March FOMC meeting. According to the CME’s FedWatch tool, it is almost a certainty that they will not announce or initiate any rate cuts for March. They will however release their most current economic outlook and release a revised “dot plot” an integral component of the SEP (summary of economic projections). The dot plot released in February anticipated that the first set of rate cuts by the Federal Reserve would begin this year and anticipated that they would cut rates by three-quarters of a percent. They also projected continued rate cuts in 2025, and 2026 as they “normalize” its benchmark interest rates (fed funds rate) just above 3%.

If there are no major changes in the dot plot released next week in essence that information should already be factored into current pricing and be supportive of gold prices maintaining value.
 

Gary S. Wagner

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Tim Moseley

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