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eHarmony’s 3rd Annual Joy Index Reveals What Exactly Is Maintaining US Partners Together In 2020

Sex. Politics. Equality. Psychological state. Climate change. Willpower. These represent the situations on partners’ thoughts in 2020, relating to eHarmony’s third yearly installment of “The Happiness Index: like and relations in the us.”

Eight-two per cent of US lovers say they truly are pleased inside their recent passionate connections (down simply slightly from this past year’s 83percent). However, there’s no specific research to creating a satisfying relationship, surveys such as these present understanding of why is winning couples thrive. Two facets on top of the list are sex and high quality time.

Lovers in 2020 are more likely to focus on sex than couples in 2019. In 2010’s Happiness Index learned that 86 percent of couples with gender employing lover weekly are content. The 78 per cent of partners with gender month-to-month and 66 percent that have intercourse several times annually are less delighted than their own counterparts. But it is not only sex that matters — lovers whom give attention to both intercourse and high quality time together are more happy (87 percent) than partners who concentrate only on intercourse (69 per cent) or high quality time (82 percent).

In a tumultuous election season, it’s no shock that politics and social issues are on every person’s brains. Couples in 2020 tend to be more likely than lovers in 2019 to disagree about politics at least once weekly. Their particular most significant issues feature overall economy (15 %), climate modification (19 per cent) and terrorism (29 per cent). Ladies are inclined than guys are concerned about environment change and terrorism, while the male is much more concerned with an economic crisis and epidemics.

Those weren’t really the only splits the 2020 joy Index found along sex lines. The study learned that, probably as opposed to dated stereotypes, men are 9 % happier than ladies in their own relationships. Although men are much more likely than ladies to think that staying in really love is more crucial than getting married (70 percent vs. 64 %), they are also more inclined than women to believe that becoming married made or tends to make their union more happy (68 per cent vs. 46 per cent). Seventy-three % of men wish to spend remainder of their own physical lives together with their lovers, basically upwards from this past year’s 67 per cent.

“As champions of love, the audience is thrilled to report that couples are using time to concentrate on their commitment through measures just like the top quality time they invest with each other, intimate intimacy and looking at the other person as equals,” mentioned Gareth Mandel, COO of eHarmony, in a press release. “We’re also monitoring new developments for partners of various age groups, specifically Millennials and Gen Z, with regards to really love, dedication, social problems and pleasure since these generations have become up within the digital get older where online dating sites has-been omnipresent.”

“The joy Index: adore and relations in America” 2020 report had been accredited by eHarmony and executed by Harris Interactive. Over 2,390 members who were elderly 21+ and married, cohabiting or even in a long-term connection participated. Outcomes were weighted getting nationally representative by get older, sex and region.

To get more about this matchmaking service you should check our our eHarmony software and site overview.

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The Five Tenets Of The Great Reset: What You Can Do To Reject And Counter The New Normal

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The Five Tenets Of The Great Reset:

What You Can Do To Reject And Counter The New Normal

The famous quote by Winston Churchill, “Never let a good crisis go to waste,” has been used in many contexts. The first context was the creation of the United Nations at the end of World War Two. This quote has been touted quite a few times since the start of the pandemic but has become more evident in the context of the World Economic Forum's (WEF) Great Reset. 

I started researching and writing about this topic from another perspective two years ago when many claimed that it was “nothing but a conspiracy theory,” with the majority of ordinary people oblivious to what was being planned decades ago. 

As it turns out, it isn’t a “theory”; it’s real, with the elites and NGOs conspiring behind closed doors with their plans to implement a global environmental, social and economic shift under the guise of sustainability with a primary focus on Stakeholder Capitalism. Klaus Schwab, the leader of the pack at WEF, has been very open to letting the global population know that “we will own nothing and be happy.”


2020 virtual event in Geneva, Switzerland – Video

It’s all laid out in Agenda 21/30 and based on a 2020 book, The Great Reset, which Klaus Schwab co-authored with a lifelong colleague, Thierry Malleret.  Now that the cat’s out of the bag and the new normal is starting to take shape, many more people are becoming aware of what’s happening, but a growing number of us ordinary folks are not in favor of it. 

What matters now is that we take the steps needed to secure our personal and financial freedom so that no one can infringe upon them. There are ways in which we can effectively resist any pressure to conform to a “new normal” – whatever that may be. So today, we’ll review the Great Reset, discover ways to resist it and determine which cryptocurrencies will withstand the global shift. 

Who Really Created The WEF?

The WEF is an international organization based in Switzerland. It comprises some of the world's most influential individuals and institutions, including current and former presidents, media moguls, big tech CEOs, asset managers, banks, and non-governmental organizations (NGOs). As stated on the WEF’s website, the organization's explicit purpose is to “…shape global, regional and industry agendas.” It does this by supporting individuals and institutions that promote its agenda.

The WEF is headed by Klaus Schwab, a German engineer economist and former professor who served as its chairman since it was founded in 1971. Interestingly, the WEF wasn’t simply Klaus Schwab's brainchild but was born out of a CIA-funded Harvard program headed by Henry Kissinger and pushed to fruition by John Kenneth Galbraith and the “real” Dr. Strangelove, Herman Kahn. 

These three powerfully influential men from the American political elite were the driving force behind the European-based globalist organization. They recognized Schwab’s potential and saw a reflection of their own intellectual desires in him. Back in the late 1960s, they recruited and mentored Klaus Schwab, helping him to create the World Economic Forum. You can read this fascinating story here. 

Almost all the WEF’s agendas are based on Klaus and his mentors’ ideas. Today, Klaus and his cohorts consider the pandemic to be on a par with another world war as far as its global disruption goes. It presents an opportunity to replace capitalism with stakeholder capitalism. 

Stakeholder capitalism is one of Schwab’s ideas, and it fundamentally replaces shareholders with so-called stakeholders who basically decide what everyone does. If you're wondering who the stakeholders are, Klaus has made it clear in interviews and at many events that the stakeholders are the individuals and institutions who are a part of the WEF. 

In crypto terms, you can think of stakeholder capitalism as being the total centralization of control in the hands of the world's most powerful people, corporations, and organizations. 

Three Phases Of The Great Reset

According to Klaus, there are three phases to the great reset, and the first two relate to the pandemic. These are “Restrain” (fight the virus), the phase we are in currently. Then, “Recover” is the next phase where the world enters the “new normal.” 

Now, the third and final phase is “The Great Reset” itself, which focuses on the following five points;

  1. Redefining the Social Contract 
  2. Decarbonizing The Economy 
  3. Digitizing Everything 
  4. Implementing Stakeholder Capitalism
  5. Global Rollout of all the above ensures those first four tenets find their way into every country. 

As to how exactly the WEF will roll out the great reset around the world, Klaus states that this will be achieved primarily with the help of the WEF’s network of so-called global shapers and young global leaders who will all push for the great reset in their respective nations. The WEF hopes to have it all in order by 2030.

The WEF’s 2020 virtual event in Geneva, Switzerland, focuses on the great reset and their new book in more depth, and you can hear it straight from the horse's mouth in this video. They blatantly tell you what they want and how they plan to get it, which blows the “conspiracy theory” out of the water. 

So now that we know what the great reset is and how the WEF elites plan on rolling it out, we can prepare for its five points outlined above. It’s worth noting that there seems to be quite a bit of overlap between these five points, and it sounds like they will be implemented simultaneously, not in sequential order. 

It's also important to remember that these points are already slowly being implemented. This means you must bare in mind how a change in one could affect the other when preparing to avoid or resist them. This could become difficult since part of the WEF’s agenda distorts traditional definitions of inflation, well-being, and economic growth. 

This distortion of definitions lies at the core of redefining the social contract, as this involves replacing all of the above with ESG-focused metrics that prioritize diversity and inclusion over actual productivity. 

1: Redefining the Social Contract 

ESG has its roots in an initiative spearheaded by the United Nations and some of the world's largest corporations. As time goes on, the ESG criteria are becoming more aligned with the United Nations sustainable development goals (SDGs). 


Image Source: United Nations

There are 17 SDGs in total, noting a couple of examples mentioned in the great reset virtual event video above of what the WEF wants to see from a few of them. The 4th SDG is quality education, and co-author of the book, The Great Reset, Thierry Malleret, stated at the virtual event that the WEF doesn't like that a science degree from one University is considered more prestigious than a science degree from another University. 

As such, the WEF would like to see all degrees eliminated and replaced with specific skills training that would last until the end of your life. In other words, you'll be in school until you die and never even get a degree. Plus, there’s also the WEF indoctrination you're likely to endure. Now the switch to skills training also ostensibly implies that there will be no more small businesses or entrepreneurs, just mega corporations where everyone is a worker bee. 

This sounds ridiculous until you realize it relates to the 10th SDG, which is reduced inequality. Here, the WEF is willing to do whatever it takes to ensure that economic inequalities do not continue to increase. It includes making sure you’ll own nothing and be happy, as brazenly stipulated in the WEF’s infamous video.

Instead, you'll rent what you use from the stakeholders who will own everything, and remember that these stakeholders are all the folks at the WEF. Historically, attempts at making everyone equal tend to end very badly, as making everyone equal usually translates to making everyone equally poor and miserable except for the select few. The select few in power are subsequently forced to kill anyone who tries to reject that poverty and misery. 

Ironically, the WEFs push for eliminating inequality comes from the fears its constituents have about the riots, revolutions, and migrations that will inevitably occur if inequality continues to increase. A few WEF members have admitted this on stage, including at that Great Reset virtual event. 

Fortunately, there's an easy way to resist this redefining of social contracts, and that's to reject any ESG or SDG-related criteria, especially when it's being used to redefine what a recession means. Instead, stick to tried and true social contracts, and reinforce them with your friends, family, and community. 

Better yet, invest your time, money, and energy in individuals and companies who vocally oppose ESG, SDG, and other top-down decrees coming from technocrats who are out of touch with what life is like for the average person. 

Pro tip – Stay away from companies that force you to pay a subscription service to use a “physical product” that should be entirely in your ownership. The moment you purchase it, your future might just depend on it. 


Image source: The Verge

2: Decarbonizing The Economy 

The second point of focus for the great reset is decarbonizing the economy, and here's where things get a bit complicated and contentious. That's because many would argue that moving away from fossil fuels is a good thing. 

However, there is a right and a wrong way to transition to more renewable energy sources. So telling farmers to stop using fertilizer during a food crisis or shutting down nuclear plants during an energy shortage is not how you decarbonize the economy; It's how you destroy the economy. 

It's also important to remember that many environmental elites see the average person as a form of carbon that should be reduced, if not eliminated. It is why they're eager to implement lifestyles and diets that are objectively unhealthy. Such as constantly living in the metaverse 24/7 and eating insects. 

Another problem with the WEFs green energy agenda is that the energy structures it envisions will result in the hyper-centralization of the electricity grid, probably by design. That's because if everything runs on electricity, it becomes pretty easy to control everything.

Another thing that's probably by design is the focus on wind and solar, and that's because not every country has the ability or resources to create its own wind farms or solar panels. This forces them to trade with other countries for energy, which promotes the globalized world, the WEF wants to see. 

Now, as with redefining social contracts, there’s an easy way to resist the WEFs warped decarbonization doctrine, and that's to advocate for renewable energy solutions that actually make sense. Educate your friends, family, and community about the risks of decarbonizing too quickly. 

Additionally, acquire solar panels and power generators to become as energy independent as possible. Also, learning how to build gasifiers will come in handy when they start making it more and more difficult for the average person to buy petrol and petrol-powered cars. 

On a good note, Bitcoin will not be banned because of its energy use or carbon emissions. That's because even the WEF knows that the energy and carbon emissions associated with crypto mining are a fraction of a percentage of the global total, as explained in this article. 

They're just upset that they can't control BTC like other cryptos, which is why ESG-obsessed asset managers are impelling green energy disclosures from crypto miners. They are also investing in publicly traded crypto mining companies; it's their attempt at taking control, and it will fail. 

3: Digitizing Everything 

Bitcoin relates to the third focus of the great reset, and that's the digitization of everything. Essentially, every asset will be tokenized on a permissioned blockchain that the government and the central bank run. To clarify, the BIS is heavily involved with the WEF, and many of its members are so-called agenda contributors. This means they are directly engaged with the WEF’s great reset plans. 

The tokenization of all real-world assets in such a manner means the government and central bank could turn off your ownership of anything at any given time, for whatever reason it sees fit, including your identity. But having said that, we’re apparently going to own nothing anyway! I go into more detail in this article about the Bank for International Settlements (BIS) and its vision of the future financial system.

Furthermore, the digitization of money, specifically the development of a central bank digital currency (CBDC), is something that just about every central bank is planning on rolling out, courtesy of the BIS.


A Blueprint for Digital Identity | weforum.org.pdf

To complete the CBDC puzzle is the dystopian digital identity. This is a prerequisite for the rollout of a CBDC since you need to be able to identify individuals, and it’s no secret that governments have been working hard on proof of concepts for digital IDs during the pandemic. 

A digital ID is also a prerequisite for widespread internet censorship, which the WEF apparently wants to implement with the help of artificial intelligence. It’s not surprising, given that information about the WEF and its affiliates is spreading like wildfire these days. 

To be candid, resisting the WEFs digitization will be extremely difficult. Of the five focuses of the great reset, it's the most critical pillar because if you control the flow of information and the flow of money, you truly control everything.

Case in point, Klaus Schwab explicitly stated at the great reset virtual event that they need digital infrastructure, such as digital identity, facial recognition, human tracking, etc., to enforce ESG criteria and all the upcoming social contracts the WEF cronies are cooking up in the organization's Ivory Tower. 

That means that it is imperative that you reject any form of digital identity that is not entirely decentralized from top to bottom. It also means you must acquire some form of currency that cannot be easily tracked, censored, or confiscated by a centralized authority. This includes cash, precious metals, and select cryptocurrencies. 

Also, familiarize yourself with decentralized social, video, and broadcasting platforms, like Markethive, the social, market, and broadcasting network, where your information and content are free from censorship. Freedom of speech. liberty, financial sovereignty, and autonomy are the tenets of this ecosystem built by the people and for the people. A sanctuary where entrepreneurs have every form of media at their disposal to further their entrepreneurial goals. 

It would be impossible for any so-called authority to shut down distributed data centers globally and sovereign servers which are entirely autonomous. Decentralized blockchain technology and cryptocurrency create an entire ecosystem, ultimately free from subjugation, and the solution for entrepreneurs and small businesses to thwart the opposition and continue to thrive.

Other platforms include Odysee for video, Theta for live streaming, and Arweave for uploading information. These cryptocurrencies will be significant as we endure this tyrannical shift being forced upon us. There are many alternative websites popping up; however, it’s good to be aware that many purporting to be for the people are essentially controlled opposition. 

It’s essential to understand the freedom of information and the freedom of money are the ultimate deterrence to the great reset. That's because the truth eventually overcomes indoctrination, no matter how often it's labeled disinformation or misinformation. 

Overcoming this depends on the ability to financially support the individuals and institutions speaking and propagating these truths. So it’s time to abandon the tech giants in favor of a new world order and get behind platforms with your best interests at heart. 

Pro tip: keep physical copies of all your most important records, such as land deeds, home ownership, documents, passports, driver's license, crypto wallet seeds, and the like. Even if expired, they will help preserve your identity if you become persona non grata for opposing the WEF’s ever-expanding agendas. 

And if you think that complying with them will save you, recent events have shown that it will only make things worse for you and everyone else in the end. The only winners in this system will be stakeholders at the WEF, which ties into the 4th factor; the great reset. 

4: Implementing Stakeholder Capitalism

It’s unclear how the WEF will introduce stakeholder capitalism, mainly because it's not entirely evident how its stakeholder capitalism governance structure works. The WEF has over 4,000 individual members and hundreds of institutional partners, with 100 of them labeled as strategic. 

How they all come to a consensus is anyone's guess. Even if we assume, it's just the 100 strategic partners calling the shots, it's hard to imagine that they're all on the same page about every issue. 

It was evident in one of Klaus's speeches from one of the WEF events earlier in the pandemic, where it sounded like he was desperate to keep the interests of these so-called stakeholders aligned. Now you'd think the real stakeholders are governments, but the great reset co-author  Thierry Malleret admitted at the virtual event that the private sector effectively controls the public sector through lobbying. 

In another article, I discussed the enemies of cryptocurrency and that Wall Street is one of the most prominent lobbyists out there. This means that the real stakeholders are the big banks, asset managers, and the central banks, as they ultimately determine how money moves in the economy.

BlackRock and Bank of America have been explicit in their intentions to direct capital to anyone advocating ESG and remove capital from anyone or anything that offends their sensibilities, regardless of ESG status, such as Tesla. So, this is how stakeholder capitalism can be fought, and that's to exacerbate the differences in interests between the different stakeholders at the WEF wherever possible. 


Image source: Twitter 

It's important to point out that centralized power is inherently unstable. That's because, as more power gathers, in one place, the more profit someone stands to gain if they stab the other participants in the back, especially if it earns them the support of the people. 

Arguably, elite figures like Elon Musk fall into this category. He may be seen as benevolent, or maybe because he figured out that he stands to gain much more by siding with “we the people.” He’s already richer than all the other elite figures, so he’s won their hierarchical game.  

So, supporting breakaway figures like Elon might be our best bet at encouraging more of them to defect from the WEF and ruin its stakeholder capitalism. There’s a strong possibility there are more stakeholders who are not happy with being hated by the public and can't stand Klaus and his clown company, who would love the get the same sort of fanfare as Elon Musk. 

5: The Global Rollout

The final factor of the great reset is the export of the WEF’s endgame to every single corner of the earth. Klaus explicitly stated during that virtual conference that the WEF would leverage its network of global shapers and young global leaders to ensure the great reset is implemented in every country. Klaus also specified that over 10,000 of these recruits are slowly slipping into various positions of power worldwide. And he repeatedly stated that the great reset’s success depends on this. 

This makes sense because there's only so much the WEF can achieve from the top down, and the pandemic proved this. Klaus and his cult followers saw the pandemic response as a “test of the great reset philosophy.” But, this top-down test didn't go nearly as well as the WEF had hoped, which seems to be why they are leaning so heavily on the global shapers and young global leaders lately. 

It's an inorganic bottom-up approach that pushes the WEF’s agenda in major social and economic hubs, and it's no coincidence that most of them seem to have been on-boarded during the pandemic. 

Notably, it’s convenient that the global shapers and young global leaders' websites are searchable. The former lets you see which WEF agents are looking to change things in your city, and the latter lets you see which WEF agents are looking to change something in your country or region. 

If you see a global shaper or young global leader running for public office, vote for a different candidate who represents your views but isn't aligned with the WEF. All it takes to double-check is a quick search on the WEF website, the Global Shapers website, and the Global Leaders website. 

Interestingly, the WEF blocked someone on Twitter for commenting on just two posts saying to vote against its young, global leaders. Note that the WEF gets lots of hate on Twitter daily and doesn't block everyone. So it would seem that undermining the WEF’s subverters may well be the organization's Achilles heel.

Klaus Schwab admitted at the end of that virtual event that they might not succeed, so let's ensure they don't. And remember that we only have until 2030. So, make the next eight years count through your selective spending, full attention, directed energy and informed voting. That's really all we need to do to defeat the WEF at the end of the day. 

Once the WEF has been defeated, the next order of business will be to create robust decentralized, autonomous organizations to replace institutions like the WEF and its affiliates. We need to prevent this degree of centralized power from ever happening again so that the average person can finally live in peace. Also, fix the monetary system, which has been the driver of this centralization since the dawn of time. 

 

Reference:
Coin Bureau
World Economic Forum

 

 

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

 

 

 

 

 

Also published @ BeforeIt’sNews.com

Tim Moseley

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Gold logs a 5th straight monthly decline its longest losing streak in 4 years

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Gold logs a 5th straight monthly decline, its longest losing streak in 4 years

Gold and silver prices softened for a fourth straight day on Wednesday. JOEL SAGET/AGENCE FRANCE-PRESSE/GETTY IMAGES

Gold and silver prices softened for a fourth straight day on Wednesday as traders bet that the Federal Reserve is likely to keep benchmark interest rates higher for longer following Fed Chairman Jerome Powell’s Jackson Hole speech last Friday.

Meanwhile, gold ended the month of August with its 5th straight monthly decline — its longest monthly losing streak in about four years.

Price action

Gold futures GCZ22 GC00, +0.78% for December delivery were down $10.10, or 0.6%, to settle at $1,726.20 per ounce on Comex. Prices for the most-active contract fell 3.1% for the month, down a fifth consecutive month — the longest monthly losing streak since the six month drop ended Sept. 2018, according to Dow Jones Market Data.

Silver futures SIZ22, +0.16% SI00, +0.16% for December delivery retreated 40 cents, or 2.2%, to $17.882 per ounce, for a monthly loss of 11.5%.

December palladium PAZ22, -0.20% fell $8.90, or 0.4%, to $2,078.90 per ounce, down 2.4% for August, while October platinum prices PLV22, -0.01% lost $5.10, or 0.6%, to $827 per ounce, for a monthly decline of 7.1%.

December copper HGZ22, -0.37% shed 3 cents, or 0.9%, to $3.5185 per pound. Prices were down 1.5% for the month, also their fifth monthly loss in a row.

What analysts are saying

In a “tug of war” game between gold and silver prices on the one end, and higher interest rates and a strong U.S. dollar on the other end, the two precious metals have lost the battle, Adam Koos, president of Libertas Wealth Management Group, told MarketWatch.


 

“Until we start to see rates ease, the dollar fall, and a ‘real’ recession poke its head above the surface, I think we’ll continue to see lower metals prices,” he said.

Powell’s speech on Friday drove Treasury yields and the dollar higher, dulling the luster of the yellow metal.

“The catalyst for gold’s reversal in fortunes was the switch in policy by the Federal Reserve to a more hawkish monetary policy in April that has resulted in a series of interest rate hikes in recent months as well as a reduction of the amount of the debt it holds,” said Rupert Rowling, a market analyst for Kinesis Money.

The 10-year Treasury yield TMUBMUSD10Y, 3.198% was up 1.3 basis points at 3.124% in Wednesday dealings, while the ICE Dollar Index DXY, -0.07%, a gauge of the dollar’s strength against a basket of rivals, was up 0.1%.

Gold and silver both ended the month with a loss, down a fifth straight month, and of the two metals, silver has significantly underperformed gold this month.

Read: Gold is down 15% from its record high but here’s why it may still be key to a diversified portfolio

“These metals have been on the struggle bus since early March, and when the weak hands start to hit the sell button across the board, if one holds up, it’s going to be the camp that has its own church,” Koos said.

“The bigger, more loyal fanatics are without a doubt, the congregation of the church of latter day gold bugs,” he said, highlighting the yellow metal’s popularity with investors over silver.

Time to buy Gold and Silver on the dips

Tim Moseley

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Strong greenback rising Treasury yields lower oil sink gold silver

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Strong greenback, rising Treasury yields, lower oil sink gold, silver

Gold and silver prices are lower in midday U.S. trading Thursday, with gold hitting a six-week low and dropping below the key $1,700 level. Silver today scored a more-than-two-year low. Falling crude oil prices, a strong U.S. dollar index and rising U.S. Treasury yields are all bearish elements punishing the metals markets bulls. October gold futures were last down $18.80 at $1,698.10. September Comex silver futures were last down $0.277 at $17.65 an ounce.

U.S. stock indexes are lower at midday hit five-week lows. Risk aversion is higher on this first day of September, a month that history has shown can be a rocky one for stock and financial markets. Gold and silver market bulls are hoping some safe-haven demand develops if September sees rough trading waters.

There are new reports of major Covid lockdowns in China, the world’s second-largest economy. Reports said 21 million people have been locked down in a major industrial region of the country. Economic data out of China Friday was also dour, with the purchasing managers indexes (PMIs) and housing/property indicators showing weakness. This has prompted concerns of slowing consumer and commercial demand in China, which have pressured raw commodity markets this week, with crude oil leading the way down. Other major economies are tightening their monetary policies, which will also work to slow their growth. Many market watchers fear U.S. and global economic recessions are setting in.

Traders are awaiting Friday morning’s employment situation report from the Labor Department. That report is expected to show the key non-farm payrolls growth number at up 325,000 in August versus the July report showing a gain of 528,000 non-farm jobs.

The key outside markets today see Nymex crude oil prices lower and trading around $87.00 a barrel. The U.S. dollar index is solidly higher and hit another 20-year high today. Meantime, the yield on the 10-year U.S. Treasury note is fetching 3.25%. The 2-year U.S. Treasury note yield hit a 15-year high today. The inverted yield curve is another clue suggesting a U.S. economic recession is imminent.

Technically, October gold futures prices hit a six-week low today. The gold futures bears have the solid overall near-term technical advantage. Prices are in a three-week-old downtrend on the daily bar chart. Bulls’ next upside price objective is to produce a close above solid resistance at $1,750.00. Bears' next near-term downside price objective is pushing futures prices below solid technical support at the July low of $1,686.30. First resistance is seen at today’s high of $1,713.10 and then at Wednesday’s high of $1,728.70. First support is seen at today’s low of $1,689.80 and then at $1,686.30. Wyckoff's Market Rating: 1.5

December silver futures prices hit another more-than-two-year low today. The silver bears have the solid overall near-term technical advantage. Silver bulls' next upside price objective is closing prices above solid technical resistance at $19.00. The next downside price objective for the bears is closing prices below solid support at $17.00. First resistance is seen at $18.00 and then at $18.50. Next support is seen at today’s low of $17.40 and then at $17.25. Wyckoff's Market Rating: 1.0.

December N.Y. copper closed down 1,030 points at 341.60 cents today. Prices closed near the session low and hit a four-week low. The copper bears have the firm overall near-term technical advantage. Copper bulls' next upside price objective is pushing and closing prices above solid technical resistance at the August high of 378.35 cents. The next downside price objective for the bears is closing prices below solid technical support at the July low of 315.55 cents. First resistance is seen at today’s high of 351.65 cents and then at Wednesday’s high of 359.90 cents. First support is seen at 340.00 cents and then at 335.00 cents. Wyckoff's Market Rating: 3.0.

By Jim Wyckoff

For Kitco News

Time to buy Gold and Silver on the dips

Tim Moseley

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BiggerPockets: wie Erde größter Immobilien Hub kann Partner informieren und befähigen sein finanziell unabhängig zu werden

Der sucht ihn in Köln Brief Version: Basierend auf Denver, Colorado, BiggerPockets gemacht einen Ruf für sich selbst als Drehscheibe von wirtschaftlich info unterstützt von einem weltweiten Gebiet von Investoren, Vermietern und anderen Spezialisten. Die Website liefert Männer und Frauen die Methoden die sie brauchen verstehen Immobilien, werden bewusst eigene Ausgaben Gewohnheiten und erreichen monetäre Stabilität erreichen. Kostenlos Personen können Durchsuchen einer großen Anzahl von Inhalt zusammengestellt von erfahren Finanzexperten, während abonnierte Personen an {Konversationen|Diskussionen|in den Message Boards oder generate Rabatte von online Marktplatz. Diese benutzerfreundlichen Tools Unterstützung Anfänger studieren über sachkundige Käufer machen und trainieren gut informiert Entscheidungen über ihre finanzielle Futures. Partner können verwenden diese Sammlung des Wissens machen weise Finanzinvestitionen die helfen sie gehen früh in den Ruhestand und Geld sparen Zeit miteinander.

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Mindy Jensen, Community Manager von BiggerPockets, tatsächlich erreicht am besten Gleichgewicht zwischen Arbeit, Familienmitgliedern und Spaß. Während des letzten 10 Jahre, sie ist umgedreht zahlreich Häuser in Colorado und gegeben der Frau Anleitung als finanzieller Experte an viele Menschen über einen Blog und einen Podcast. Sie zusammen mit ihrem Partner Reisen häufig zu Sprechen Verlobungen und / oder {Ferien|Ferien Kurzurlaube im Ausland. Sie haben sowie anderen wirtschaftlich themen. Touting von sich aus einst das Planet größte Immobilien Center, Website hat erstellt globale network of people that enjoy speaking about and learning about insider economic recommendations. The community provides advice in a segmet of life many men and women do not feel effective at navigating themselves.

“no one covers cash and investing,” Mindy stated, “but it is extremely crucial. In case you are a normally cheap person, little adjustments in your life can deliver huge monetary gains, and it also all starts with being money mindful.”

Mindy shares her insights as an individual who achieved monetary stability at an early age to help other individuals determine what they could do to get on their own in which they want to be. Cash could be a tremendous supply of conflict for partners dealing with debt or living paycheck to paycheck — therefore obtaining understanding to increase your wide range and financial competence can boost your union along with your mate.

Becoming financially independent isn’t just about removing tension from your own existence — it’s about giving your self longer accomplish the things you love making use of the folks you like. Mindy informed you the woman union together with her partner has actually cashed in on advantages throughout the years. “We have longer with each other because money isn’t something,” she mentioned. “We never fight about money. We now have this type of a great union because do not have the money problems that tends to be so soul-crushing for other lovers.”

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BiggerPockets hilft eine Sammlung von finanziellen Details und Ressourcen zugänglich für alle im Internet. Sie können verwenden diese Elektrowerkzeuge beginnen arbeiten in Richtung Schulden Ziele, also Sie und Ihre Begleiter machen viele der Energie zusammen.

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Dieser Podcast wurde so profitabel das ist gegründet ein weiterer Podcast über grundlegend Geld Themenbereiche. Geld Show beantwortet üblich Bedenken, normalerweise gezogen gerade durch Website Community-Forum, einschließlich “How do Ich schuldenfrei zu werden? ” und “nur wie mache ich auszugeben ohne Bargeld und schlechte Kredite? ” Mindy Jensen ist Co-Moderator dieser tv series zusammen mit Scott Trench.

“Menschen weiß nicht Wege zu nutzen benutze Bargeld. Sie wissen nicht wirklich sehr gut wissen was damit zu tun, “Mindy erwähnte. “Wir versuchen das viel besser zu machen indem wir Menschen die Info sie sollten Geld verwenden weise. “

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From the Wandraum für das Büro werden Sie werden bunte Porträts von jedem der Internetseite, kann ich zu gehen, etwas Unterstützung “, sagte sie. “wir großes Gefühl für Teamwork und Wertschätzung für den Anfang einen anderen. “

BiggerPockets zusätzlich hat häufige Geschäft Ausflüge zum Bergsteigen Turnhallen, Kochen Kurse, Go-Kart Strecken, zusammen mit andere Spaß Orte. Von den Team Anlässen zu seinen flexiblen Arbeitsumgebungen, die Organisation sicher, dass ihre Mitarbeiter fühlen zufrieden und entschlossen von täglich.

Die BiggerPockets Gruppe arbeiten schwer bis etablieren benutzerfreundliche Methoden, sehr sogar Computer-Analphabeten Menschen werden {ihre|ihre|ihre|eigene|ihre einzigartige|Weg zu hilfreiche Informationen und ein unterstützendes Diskussionsforum. Das Ganze Zweck sollte erstellen finanziell information viel mehr zugänglich für Begegnungen und Informationen. “

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BiggerPockets bietet ein Wohngebiet von Fachleuten {um|zu helfen|zu helfen|zu helfen einfach helfen, {Anfängern verstehen Feinheiten von komplizierten wirtschaftlichen Themenbereichen verstehen . Zahlreiche Fiskalexperten bieten kostenlos maßgeschneiderte Vorschlägen zu der Internet-Website ‘s Diskussionsforen, die eine dynamische Konversation zwischen Männern und Frauen in Immobilien.

{Sie können lesen suchen die Website, {hören|einstellen|hören|auf Podcasts achten|oder ein Anliegen in den Message Boards zu erreichen Fachwissen das helfen kann du wirst treffen fundiert Entscheidungen für Ihre finanzielle Zukunft. “es ist möglich viel Geld wenn Sie wissen was Sie ausführen, “Mindy erzählte uns, “und eigene Website verbindet Personen mit das Wissen sie müssen ausgeben ihr Geld vernünftig. “

“Ich geschätzt dein Beitrag. Klein und zu -the-point mit vielen gut ressourcen verwenden. “ – Ted Spencer Mcafee in einem Kommentar zu einem BiggerPockets article

BiggerPockets fördert ein dynamisches Diskussion zwischen Mitgliedern in finanziell werden getrennt getrennt. Menschen können verwenden diese Quellen ausführen ihre Forschung und fertig machen diskutieren gewichtige Bargeld sprechen Probleme mit einem Partner.

Sie müssen über Geld früh in einer Beziehung, weil inkompatible Ausgaben Gewohnheiten einige Konflikte zwischen verbitterten Liebhabern verursachen. Wenn eine Person Partner Ausgaben zu dem Haushalt in finanzielle Verpflichtung, das glückliche Paar ‘s Verpflichtung kann angespannt weil sie zu kämpfen Rechnungen zu bezahlen.

jedoch, Erreichen monetärer Stabilität kollektiv kann eine Verpflichtung stärken und kann anbieten Paare ein größeres für individuelles Vergnügen und Vergnügen.

“Niemand hatte ein Kind angegeben. “Warum arbeiten mit ein halbes Jahrhundert wenn Sie nicht müssen? wann immer Sie können machen klein Optimierungen in Richtung Leben und jetzt erreichen genießen die Anreize von zahlreichen Jahren klug Entscheidungen und scheinen Bargeld Verfahren.

{ 40s wenn du tust es richtig “, sagte Mindy. “Sie können verwenden Geld weil Werkzeug es ist das dir helfen wird erreichen wirtschaftlich Unabhängigkeit. “

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Gold silver down as crude oil drops US Treasury yields rise

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Gold, silver down as crude oil drops, U.S. Treasury yields rise

Gold and silver prices are lower in midday U.S. trading Wednesday, with gold hitting a five-week low and silver a more-than-two-year low. Gold prices were well up from their daily lows, however.

Eroding crude oil prices and rising U.S. Treasury yields at mid-week are bearish outside market elements working against the metals markets on this day. October gold futures were last down $4.10 at $1,722.70. December Comex silver futures were last down $0.307 at $17.985 an ounce.

Today’s ADP national employment report for August showed a paltry rise of 132,000 jobs, which was well below the gain of 300,000 that the marketplace expected. The marketplace showed little reaction to the report, which has a recent history of not being a good indicator of Friday morning’s more important employment situation report from the Labor Department. That report is expected to show the key non-farm payrolls growth number at up 325,000 in August versus the July report showing a gain of 528,000 non-farm jobs.

Global stock markets were mostly lower overnight. U.S. stock indexes are weaker at midday. Traders and investors remain tentative at mid-week, following the Federal Reserve’s annual Jackson Hole symposium that saw U.S. Fed officials, including Chairman Powell, lean aggressively hawkish on U.S. monetary policy. Other major central banks of the world are also tightening their monetary policies—all in an effort to tamp down problematic price inflation, even if it slows global economic growth.

Speaking of inflation, the Euro zone got more hot readings as the August consumer price index rose 9.1%, year-on-year, which was slightly above market expectations.

The markets have not reacted much, but are paying close attention to reports that Taiwan’s military fired warning shots at drones, thought to be from mainland China, that were flying close to Taiwan.

The key outside markets today see Nymex crude oil prices solidly and trading around $90.00 a barrel. Reports are now indicating OPEC-plus will not cut its collective crude oil production. The U.S. dollar index is lower in midday U.S. trading. Meantime, the yield on the 10-year U.S. Treasury note is fetching around 3.12%.

Technically,October gold futures prices hit a five-week low today. The gold futures bears have the solid overall near-term technical advantage. Prices are in a three-week-old downtrend on the daily bar chart. Bulls’ next upside price objective is to produce a close above solid resistance at $1,780.00. Bears' next near-term downside price objective is pushing futures prices below solid technical support at the July low of $1,686.30. First resistance is seen at today’s high of $1,728.70 and then at Tuesday’s high of $1,743.10. First support is seen at today’s low of $1,711.70 and then at $1,700.00. Wyckoff's Market Rating: 2.0.

December silver futures prices hit a more-than-two-year low today. The silver bears have the solid overall near-term technical advantage. Silver bulls' next upside price objective is closing prices above solid technical resistance at $19.50. The next downside price objective for the bears is closing prices below solid support at $17.00. First resistance is seen at today’s high of $18.39 and then at this week’s high of $18.83. Next support is seen at today’s low of $17.80 and then at $17.50. Wyckoff's Market Rating: 1.0.

December N.Y. copper closed down 340 points at 351.70 cents today. Prices closed near mid-range today and hit a three-week low. The copper bears have the overall near-term technical advantage. Copper bulls' next upside price objective is pushing and closing prices above solid technical resistance at the August high of 378.35 cents. The next downside price objective for the bears is closing prices below solid technical support at the July low of 315.55 cents. First resistance is seen at today’s high of 359.90 cents and then at this week’s high of 370.10 cents. First support is seen at today’s low of 344.45 cents and then at 340.00 cents. Wyckoff's Market Rating: 4.0.

By Jim Wyckoff

For Kitco News

Time to buy Gold and Silver on the dips

 

Tim Moseley

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Gold silver pressured amid big drop in crude oil prices

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Gold, silver pressured amid big drop in crude oil prices

Gold and silver prices are lower in midday U.S. trading Tuesday, due in part to a drop of over $5.00 in Nymex crude oil futures prices (as of this writing). Bearish near-term technicals are also weighing on the precious metals. October gold futures were last down $12.10 at $1,728.40. September Comex silver futures were last down $0.36 at $18.31 an ounce.

Global stock markets were mostly higher overnight. U.S. stock indexes are lower at midday. Traders and investors are still concerned about Covid lockdowns in China that are crimping the world’s second-largest economy. Last week’s hawkish speech on U.S. monetary policy by Fed Chairman Powell is also hanging over and depressing the marketplace.

The U.S. data point of the week on this unofficial last week of summer is the August U.S. employment situation report from the Labor Department on Friday. The key non-farm payrolls growth number is forecast to come it up 325,000 in August versus the July report showing a gain of 528,000 non-farm jobs.The key outside markets today see Nymex crude oil prices sharply lower and trading around $91.70 a barrel. The U.S. dollar index is a bit lower in midday U.S. trading, on a corrective pullback after hitting a 20-year high on Monday. Meantime, the yield on the 10-year U.S. Treasury note is fetching 3.08

Technically, October gold futures prices were poised to close at hit a four-week low close today. The gold futures bears have the firm overall near-term technical advantage. Bulls’ next upside price objective is to produce a close above solid resistance at $1,800.00. Bears' next near-term downside price objective is pushing futures prices below solid technical support at the July low of $1,686.30. First resistance is seen at today’s high of $1,743.10 and then at $1,750.00. First support is seen at this week’s low of $1,722.50 and then at $1,715.00. Wyckoff's Market Rating: 2.5.

December silver futures prices hit a six-week low today. The silver bears have the solid overall near-term technical advantage. Silver bulls' next upside price objective is closing prices above solid technical resistance at $20.00. The next downside price objective for the bears is closing prices below solid support at $17.50. First resistance is seen at this week’s high of $18.70 and then at $19.00. Next support is seen at the July low of $18.175 and then at $18.00. Wyckoff's Market Rating: 2.0.

December N.Y. copper closed down 580 points at 355.25 cents today. Prices closed nearer the session low today and hit a three-week low. The copper bulls have lost the slight overall near-term technical advantage. A six-week-old uptrend on the daily bar chart has been negated. Copper bulls' next upside price objective is pushing and closing prices above solid technical resistance at 390.00 cents. The next downside price objective for the bears is closing prices below solid technical support at 335.00 cents. First resistance is seen at today’s high of 363.55 cents and then at this week’s high of 370.10 cents. First support is seen at today’s low of 354.45 cents and then at 350.00 cents. Wyckoff's Market Rating: 5.0.

By Jim Wyckoff

For Kitco News

Time to buy Gold and Silver on the dips

 

Tim Moseley

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The Order Of The Knights Of Malta Under Threat

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The Order Of The Knights Of Malta Under Threat

 

A famous order of knights is fighting for survival. The Vatican tightens the noose.

One of the most famous and oldest Christian knightly orders found itself on the verge of a deep crisis. His unique independence crumbles under the pressure of the Vatican. The order was founded in the 11th century in Jerusalem; its abbreviated name refers to its later seat on the island of Malta.

From Wikipedia:

The Order of the Knights of Malta (or commonly the Order of Malta) is the general name of one of the great international spiritual orders of chivalry, which was founded in the 11th century on the territory of the Christian Kingdom of Jerusalem in the Holy Land as the Order of the Knights of the Hospital of St. John in Jerusalem (Latin Ordo Fratrum Hospitalis Sancti Ioannis Hierosolymitani), known as the Order of the Hospitallers (Fraternitas Hospitalaria).

It was headquartered in the Kingdom of Jerusalem until 1291, on the island of Rhodes from 1310 until 1522, in Malta from 1530 until 1798, and in Saint Petersburg from 1799 until 1801. Today several organizations continue the Hospitaller tradition.

 

                Bethlehem, The Holy Family Hospital of Maltese Order

Though originally was the order founded in Jerusalem, instead of waging war against the Muslim conquerors, the Order of Malta has long been concentrating on its second traditional mission, caring for the sick, the elderly, and the homeless. It employs over 40,000 people in 120 countries, including the Czech Republic, and tens of thousands more work for it as volunteers.

Now, more than 900 years after its recognition by the Pope, the order is shaking in its foundations, and there are fears of its possible disintegration. Disputes escalated within the order about its future form and, above all, about the degree of subordination to the Pope. The latter wants to reform the Order of Malta from a position of religious authority and move it towards an ordinary religious order, but in doing so, it interferes quite harshly with its unique legal autonomy.

 

   

Maltese Order around the year 1300                              Official flag

Sovereign Military Hospital Order of St. John in Jerusalem, Rhodes, and Malta, as the official full name sounds, is not just an ecclesiastical Catholic order. It is unique in that it acts as an independent, internationally recognized state department with its own government or ambassador. Authoritative interventions by the Vatican can therefore be interpreted as one state trying to dominate another.

The historical roots

Hospital brothers of St. John of Jerusalem were recognized as a religious order by Pope Paschal II. in 1113. Although they are connected to the Pope as a religious order, they also act as an independent subject of international law.

In this respect, the religious character of the Order coexists with its full sovereignty. The Grand Master is the head of the sovereign state and, at the same time, the highest superior of the religious order community. In this second mission, the Roman Catholic Church grants him the rank of cardinal.

The founder and first Grand Master of the Order, Blessed Gerard, was born around 1040, probably in Scala, a village located a few kilometers from Amalfi in southern Italy. In the second half of the 11th century, he came to Jerusalem, where he began working in a hospital next to the Church of Our Lady of Latin, built by merchants from Amalfi to receive pilgrims and care for the sick.

Legend says that in 1099, during the siege of Jerusalem by the Crusaders, Blessed Gerard threw bread at them from the walls, but when he was arrested for this, the bread miraculously turned into stones, so he escaped punishment from the Muslim rulers of the city.

The Knights of Malta, or the Johanites, were among medieval Christianity's largest and most important knightly orders. Today, it operates worldwide as an internationally recognized medical and humanitarian organization. It is also a significant player in the field of diplomacy. The order acts not only as an ordinary charitable organization and as an actual church order, which it undoubtedly is, but also as a sovereign subject of international law, authorized to negotiate with states at the governmental level.

                                   La Valletta, capital of Malta

Spirituality of the order

The Order of Malta is a religious lay order according to canon law. Some of its members are religious (Professional Knights) and have taken three monastic vows: poverty, chastity, and obedience. The second group of members of the Order took a vow of obedience (obedience knights), while most knights and ladies were laymen. 

The Grand Master of the Order is elected among professional knights with eternal vows. The eight points of the Maltese cross symbolize the eight beatitudes and thus clearly point to the spiritual mission of the Order. According to the Constitution, members of the Order of Malta are required to maintain exemplary Christian behavior in their private and public lives to permanently contribute to maintaining the legacy and traditions of the Order of Malta.

 

                            Maltese Order coat of arms in Florence

Maltese order in the history of the Czech Kingdom and the Czech Republic

In the Czech Kingdom, the first command was established in the 12th century and continues to exist today. During the time of the Habsburg Monarchy, the Czech priory was the most important base of the Johannites (Knights of Malta) in this area.

During communist Czechoslovakia, the activity of the order was crippled, and its activity was fully restored only after 1989. The order is inextricably linked with the so-called Maltese Aid, a voluntary and non-governmental non-profit organization providing social services to the suffering and the needy in the spirit of Christian love for one's neighbor.

The Maltese order is shaking at its foundations, and there are fears of its collapse. Disputes about the degree of subordination to the Pope escalated within the order.

Johannes Lobkowicz, the former chancellor of the Czech Grand Priory, was one of those recalled who did not hide his reservations against the procedure and proposals of the papal legate.

"I sincerely hope that the Vatican is not interested in liquidating the order. But, as in previous decades, some prelates may cast longing glances at the order's property," he said in an interview with Seznam Zprávy.

Johannes Lobkowicz warns of the consequences of the reform proposals of the papal legate Cardinal Tomasi. In an interview for Seznam Zprávy, this descendant of an ancient family explains why, in his opinion, the powers of a narrow group of knights from the highest class should not be strengthened in the order.

In an interview, the journalist asks the former chancellor of the Czech Grand Priory:

“Let's assume that the papal legate implements his idea of reform, and decision-making powers in the order are concentrated in the hands of a small group of knights of the first class. What would that mean for the Order?”

Lobkowicz answers:

“Such a change would have several consequences. The Order would lose its sovereignty and become an entity visibly controlled by the Holy See (Sancta Sedes). Contrary to current developments in the Catholic Church, there would be a massive transfer of responsibility from the lay sphere to the hands of the clergy, the governing authority and responsibility of 13,400 people, mostly lay people, would be placed in the hands of 36 men of the first order. And not because of their abilities or even piety, but simply because they took religious vows. Obviously, members of the first class must fail. This would give the Vatican a pretext to take direct control of the order and all its assets.”

The activity of Maltese Order worldwide

The Czech Grand Priory is one of the six. The others are based in Rome, Naples, Venice, England, and Austria and also have grand priories. In addition to them, order associations operate in 46 states.

Treating neglected diseases across five continents

Malteser International supports long-term and future-oriented development by combining short-term relief measures with a holistic and sustainable approach in the following areas:

 

  • Providing emergency relief after disasters, helping communities rebuild and recover;
  • Establishing and promoting primary health care services and nutrition programs;
  • Ensuring access to drinking water, sanitation, and hygiene (WASH);
  • Helping people secure their livelihoods through social programs that reduce vulnerability and poverty;
  • Reducing the risks of disaster, especially at the community level.

Here is more information on international help.

                                                   Mobile clinic

The Sovereign Order of the Knights of Malta has permanent observers at the United Nations and its specialized agencies:

United Nations in New York, Geneve and Vienna, ESCAP, FAO, IAEA, IFAD, UNHCR, WHO, and many others.

In these words, 8. January 1940 turned Pius XII. to the Knights of the Sovereign Order of St. John of Jerusalem, called first Rhodian and then Maltese. Thus, he summed up the characteristics of the oldest knightly order, the only sovereign state whose banner fluttered on the field of the crusades. An order whose mission has always been to "defend the faith and serve the poor":

"Long before nations arrived at a stable international law, long before they could realize their dream – still unrealized – of a common force for the protection of healthy human freedom, the independence of nations, peace and equality in mutual relations, the Order of St. John united in religious brotherhood and under military discipline people of eight different languages, called to protect the spiritual values that constitute the general prerogative of Christianity: faith, justice, social order, and peace."

In the last years, the situation changed. In the name of papal authority, Francis has already expressed his intention to reform the order. We will see if the Maltese knights have preserved their fighting spirit from the old days and if the Vatican's plan will succeed.

 

Sources:

orderofmalta.int

seznamzpravy.cz

wikipedia.org

Malteser-international

 

About: Markéta Hálová. (Czech Republic) A crypto enthusiast, keen online marketer and passion for photography. I love interacting with the community of Entrepreneurs at Markethive. I believe in free speech, liberty, sovereignty for all. Find me at my Markethive Profile Page | My Twitter Account | and my LinkedIn Profile.

 

 

 

 

 

 

Tim Moseley

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Modest gains for gold on short covering mild safe-haven demand

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Modest gains for gold on short covering, mild safe-haven demand

Gold prices are slightly up at midday Monday, on some short covering in the futures market and some tepid safe-haven demand in cash and futures, after hitting a four-week low overnight. However, bearish elements that include negative charts, a strong U.S. dollar, rising U.S. Treasury bond yields and a hawkish Federal Reserve still have the bears firmly controlling the precious metals markets. October gold futures were last up $3.20 at $1,743.70. September Comex silver futures were last down $0.07 at $18.755 an ounce.

U.S. stock indexes are lower at midday, on follow-through selling pressure after Friday’s big losses. Risk aversion is keener early this week, in the aftermath of the Federal Reserve’s highly anticipated Jackson Hole annual symposium that ended late last week. Fed Chairman Powell in a speech at the confab on Friday kept on script for an aggressively hawkish U.S. monetary policy, which ended some previous market talk of a more dovish “Fed pivot.” The CME’s FedWatch tool shows there is a 70% chance the Fed raises its Fed funds rate by 0.75% at its Sept. 20-21 FOMC meeting.

The U.S. data point of the week on this unofficial last week of summer is the August U.S. employment situation report from the Labor Department on Friday. The key non-farm payrolls growth number is forecast to come it up 325,000 in August versus the July report showing a gain of 528,000 non-farm jobs.

The key outside markets today see Nymex crude oil prices solidly higher and trading around $95.80 a barrel. The U.S. dollar index is a bit weaker in midday U.S. trading. Meantime, the yield on the 10-year U.S. Treasury note is fetching 3.121%. The 2-year U.S. T-Note is yielding 3.47%, keeping the yield curve inverted and hinting of an impending U.S. and or global economic recession.

Technically, October gold futures prices hit a four-week low early on today. The gold futures bears still have the firm overall near-term technical advantage. Bulls’ next upside price objective is to produce a close above solid resistance at $1,800.00. Bears' next near-term downside price objective is pushing futures prices below solid technical support at the July low of $1,686.30. First resistance is seen at $1,750.00 and then at last Friday’s high of 1,762.30. First support is seen at $1,730.00 and then at today’s low of $1,722.50. Wyckoff's Market Rating: 2.5.

December silver futures bears have the firm overall near-term technical advantage. Silver bulls' next upside price objective is closing prices above solid technical resistance at the August high of $21.02. The next downside price objective for the bears is closing prices below solid support at the July low of $18.175. First resistance is seen at $19.00 and then at last week’s high of $19.385. Next support is seen at today’s low of $18.40 and then at $18.175. Wyckoff's Market Rating: 2.0.

December N.Y. copper closed down 800 points at 361.80 cents today. Prices closed nearer the session low today. The copper bulls have the slight overall near-term technical advantage. Prices are in a six-week-old uptrend on the daily bar chart but now just barely. 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 335.00 cents. First resistance is seen at today’s high of 370.10 cents and then at the August high of 378.35 cents. First support is seen at today’s low of 356.30 cents and then at 350.00 cents. Wyckoff's Market Rating: 5.5.

By Jim Wyckoff

For Kitco News

Time to buy Gold and Silver on the dips

 

Tim Moseley

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Gold price tumbles after Powell 1600 a riskbuyers step in to buy the dip according to analysts

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Gold price tumbles after Powell, $1,600 a riskbuyers step in to buy the dip, according to analysts.

Gold is ending the week down 0.8%, with December Comex gold futures last trading at $1,748, down 1.32% on the day.

A pivot from the Federal Reserve is not coming, and interest rates will remain elevated for longer than markets expect, said Federal Reserve Chair Jerome Powell at the Jackson Hole symposium.

"Restoring price stability will likely require maintaining a restrictive policy stance for some time," Powell said Friday. "The historical record cautions strongly against prematurely loosening policy."

Powell also did not rule out another 75-basis-point hike at the upcoming September meeting, reiterating that a lot will depend on the macro data released in the next three weeks.

"Another unusually large increase could be appropriate at our next meeting," Powell said. "Our decision at the September meeting will depend on the totality of the incoming data and the evolving outlook."

The Fed chair wants to avoid the mistakes of the 1970s, which is why he plans to act aggressively now. "The successful Volcker disinflation in the early 1980s followed multiple failed attempts to lower inflation over the previous 15 years. A lengthy period of very restrictive monetary policy was ultimately needed to stem the high inflation," Powell noted. "Our aim is to avoid that outcome by acting with resolve now."

There was weakness across the precious metals sector because of Powell's wording, RJO Futures senior markets strategist Peter Mooses told Kitco News Friday. "Gold was down after Powell said the Fed will continue to do what it can. It seems they will do what's necessary to fight inflation," Mooses said.

Powell's priorities are clear going into the September meeting — proceed with aggressive moves to avoid the mistakes of the past, said TD Securities global head of commodity strategy Bart Melek.

"The Fed is looking at history and at what happened in the 1970s and early 1980s. Looks like they want to get restrictive and keep rates higher for longer. They don't want a situation where they le inflation get entrenched," Melek told Kitco News. "Many people thought that the Fed would relent as the economy slowed down a bit. Now it looks like it won't."

And gold responded to the promise of higher real interest rates, particularly on the front end of the curve. "The 2-year Treasuries spiked after Powell's speech, and inflationary expectations dropped slightly. When you combine high nominal rates with lower inflation expectations, real rates should move higher. Traditionally, that is quite negative for gold and propels prices lower," Melek said.

However, Powell's message is getting repetitive, which could end up helping gold, added Mooses.

"I have concerns about U.S. growth in the fourth quarter. It will be telling how the Fed adjusts," he said. "We see a lot of the same talk and patterns. Gold could straighten out in a day or two. But if equities gain strength, gold could weaken. Longer term, I'm still bullish on gold."

 

Gold price levels to watch

It is very likely to see gold sub-$1,700 an ounce next week, according to Melek. "There is no big price pivot to the upside for gold until we are sure the Fed will reverse course. And that's unlikely until later in 2023," he said.

There is strong support at around $1,690-$1,700. But if that is breached, "a drop to $1,600 won't be a surprise," Melek added.

Mooses is also watching the $1,690 an ounce level, expecting buyers to come in around that level. "The $1,880 level is a realistic price to go back to for gold in the next few weeks," he said.

Next week's data

With the Fed so focused on macro data, the upcoming inflation and employment reports from August will be the key market drivers to watch before the September meeting, Melek added.

"Right now, market projections for payrolls are still pretty decent for August, with the unemployment rate projected to remain at 3.5% and the economy adding nearly 300,000 payrolls," he said.

Tuesday: U.S. CB consumer confidence

Wednesday: U.S. ADP nonfarm employment change

Thursday: U.S. jobless claims, ISM manufacturing PMI

Friday: U.S. nonfarm payrolls
 

By Anna Golubova

For Kitco News

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