Weekend Show – Sat 20 Jul, 2019

Hour 1 – Silver playing catch up and the Fed still tinkering with the market

On this weekend show I focus on the volatility in the precious metals and Bitcoin as the US markets stayed tied to central bank comments.

  • Segment 1 – I kick off the the show with Trader Vic Sperandeo. We discuss how the Fed has been back themselves into cutting rates all thanks to some disconnected inflation expectations.
  • Segment 2 – Ryan Wilday shares his thoughts on the cryptocurrency markets. Bitcoin just this week experienced $1,000 moves per day all on the back of political news.
  • Segment 3 – With silver playing catch up this week Doc and I outline how the gold, silver, and GDX charts are all lining up in the favor of gold bugs.
  • Segment 4 – Marc Chandler, Managing Partner at Bannockburn Global ForEx looks ahead to next week and the news events that will move markets.

Vic Sperandeo
Ryan Wilday
Doc
Marc Chandler


The Future of Bitcoin in One Chart

James Turk April 1, 2016 No one can predict the future, but charts can provide a useful roadmap to help guide us through uncertainty. Charts do this because they illustrate price trends – whether up, down or sideways – and it is always important to keep your investment portfolio in harmony with the trend.The following weekly chart of Bitcoin’s exchange rate to the US dollar is a good example that shows how charts illustrate a trend. Since November, Bitcoin’s exchange rate has essentially been moving sideways. More precisely, it has fluctuated within an increasingly narrow range to form a large pennant. Pennants form to reflect a period of consolidation. In the chart above, we can see how Bitcoin shot up last autumn, more than doubling from the $220s and briefly touching $500. It then dropped back and since then has been fluctuating within this large pennant. It doesn’t always work … Continue reading