After the large spike higher soon after the opening bell, we decided to go short again Freeport-McMoRan (FCX). We covered our previous short of FCX at $29.65, a $1 below our entry, due to a rising broader market and copper price. However, we believe there will be a short-term correction in the markets…
Two powerful forces are now setting up for a collision in the silver market. However, this wasn’t always the case. In the past, industrial silver demand was the largest component of the silver market. That’s all changed now as investment demand became the biggest factor last year, and will likely be the same in 2021…
One of the most often repeated claims in the crypto community is that cryptos must keep rising in value because they are in limited supply and they are purchased with cash. In other words, the claim is that there is virtually no leverage in the crypto market. In today’s installment of The Ultimate Crypto Report we take a look at what we call the crypto ideology.
The West Texas Intermediate Crude (WTIC) oil price is now at a long-term critical trend line. Every time the oil price reached this trendline over the past ten years, it bounced off and moved lower. Will it be the same this time?? Well, it depends on the continued Fed and central bank monetary stimulus…
There’s been some disturbing news and data coming out about the U.S. Shale Industry. However, most investors still have no clue how bad the situation is becoming for an industry that really hasn’t been profitable for more than a decade. Unfortunately, there seem to be some nasty skeletons in the…
We live in crazy times. Volatility is the name of the game nowadays. Prices of stocks and commodities get pushed around on a daily basis. But no asset trades as insanely as the cryptos. We have covered Bitcoin’s price action in previous articles. Let’s now take a look at what’s up with Ethereum…