Bitcoin bounces $1,200 in an hour! Bull Trap or Reversal?

Bitcoin bounces $1,200 in an hour as bulls try to rally.

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In today’s video we’ll discuss where price may be heading next, key areas to watch, I’ll answer your questions and so much more. I hope you find it helpful.

Video Analysis:

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/profile/?workin2005/) or Steemit in order to watch.

I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading.

Workin

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Metal Analysis Report 7/9/19 – Can Gold Hit $2000 By Year End???

Gold prices can continue to climb even after they hit a multi-year high last week, a global investment strategist said Monday.

In fact, prices are set to “reach $2,000 by the end of the year,” predicted David Roche, president and global strategist at London-based Independent Strategy.

Gold prices have been on an upward trend amid recent expectations of a Federal Reserve interest rate cut and heightened geopolitical concerns — conditions that might weigh on the stock market, according to Roche.

“I actually believe financial markets are now poised to crumble like a sand pile,” he told CNBC’s “Squawk Box.”

Source

Despite gold price breaking a major multi-year major resistance level at $1400, $2000 by the end of the year is a bit aggressive. 

And with the likelihood of the Powell lowering rates following the strong jobs report last Friday, declines in the US dollar should stabilize, which will put a ceiling on gold prices at least short term.  In additional, in order for David to be right, price would have to breach the monthly supply zones at $1600 and I don’t see that in the cards for gold prices this year.  Nevertheless, if you don’t have gold in your portfolio, you should consider adding some to your portfolio.

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

Crude Oil Analysis Report 7-3-19…Where To Next For Oil???

Oil had its worst reaction to an OPEC meeting in more than four years, with prices sliding just after the cartel agreed to prolong production curbs as fears about the global economy mount.  Futures closed down 4.8% in New York, the steepest decline since May 31 and the biggest drop after an OPEC gathering since November 2014.

Saudi Arabia said it would keep its output below 10 million barrels a day, even lower than required under the so-called OPEC+ deal. Yet Russia, the other de facto leader of the group, questioned a Saudi proposal to use the average of 2010 to 2014 global oil inventories to set future production targets.

The OPEC pact leaves the door open for U.S. shale producers to grab more market share, as the group will have to cut deeper to achieve inventory targets, according to Goldman Sachs Group Inc.

Source

So there was demand at $57.25,

but the reason that demand failed was because the buyers couldn’t take out and close above the most recent supply.

The chart suggests price is headed lower…to levels that I will be watching is the $53.80 level and the $51.96 level.

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

UK generates more electricity from zero carbon than fossil fuels

UK generates more electricity from zero carbon than fossil fuels (BBC)

For the first time since the Industrial revolution, the UK has generated more of its electricity from zero carbon sources than from coal & gas.48% of generation ytd (to end May) came from zero carbon, while 47% was from fossil fuels ( the rest was bio mass)Among the fossil fuels, coal fell to 3% of generation, while nuclear made up 18% of the zero carbon.

Analysis and Comments

I want to highlight that the shift to variable renewables creates a number of investment opportunities in terms of grid balancingIn the UK, this

Gasoline Analysis Report 6/27/19 – Will Prices Continue To Rise???

Last Friday, a blast and fire occurred at the Philadelphia refinery owned by Philadelphia Energy Solutions.  I live outside Philly and although I couldn’t hear the blast, people and residents within a 30 mile radius heard it.

The refinery was the largest and oldest on the East Coast and produced about a quarter of the Northeast’s refining capacity or 335,000 barrel /day.

Source

Yesterday, the company announced that due to the damages suffered, it was closing the facility…which would affect about thousands employees and contractors, fueling gasoline’s prices higher.

However, the biggest impact for gasoline’s comeback has been the increase in oil which has

Gold Bulls…Have A Look At The Junior Gold Mining ETF, GDXJ

If we are indeed entering a major bull market for the metal then savvy investors should consider buying smaller cap gold mining stocks rather than either the metal itself or the larger miners.The easiest way to do that via the VanEck Vectors Junior Gold Miners exchange-traded fund (GDXJ – Get Report), which tracks a basket of smaller, so-called junior gold mining firms.In general, the mining stocks do better than gold when the price of the metal rallies.But the smaller mining firms should outperform the larger ones, as long as the bullion price remains in an uptrend, says Don Coxe, chairman

First Corn…Is SoyBeans Next???

Corn prices have been on an epic run. Now, soybeans could soon be catching up.Soybeans have trailed for a reason. In the U.S., the oilseed can be planted later in the spring than corn. Amid the heavy rains, some analysts had forecast that the weather would eventually clear and farmers would plant more soy. That would’ve meant bigger production at a time when demand is already suffering amid the U.S.-China trade war.The U.S. Department of Agriculture will update its plantings estimate June 28, but analysts and traders are already concerned the agency’s numbers will be too high and not fully

Metal Analysis Report 6/24/19 – Gold Confirms…It’s Time To Buy

Gold is back in the limelight as investors seek havens amid slowing global growth due to the fallout from the U.S.-China trade dispute and as central banks globally adopt a more dovish tone. While the Fed left its key rate unchanged on Wednesday, it dropped a reference to being “patient” on borrowing costs and forecast a larger miss of their 2% inflation target this year. The greenback weakened to erase its 2019 gains.“If easier policy from the Fed contains the dollar, that’s an environment, all else equal, that is supportive of gold,” Koesterich said last week in a phone interview

Is this the one?? $GLD $GDX

Gold has broken up. For now the precious metal is leading the charge in futures. Usually this has not been the case in the past. The leader was always the more riskier asset of silver, or the gold miners. But, every time is different and usually will only rhyme. Gold and crypto are higher into the weekend and if this breakout is TRUE then we are in for a whirlwind of currency fluctuations.

The dollar is about to get smoked and the metals and crypto breakouts should explode. Sorry gold bugs, you will gain but the crypto wizards will gain

Precious Metal Run

Gold has FINALLY broken out of its converging triangle by a significant margin. The breakout isn’t confirmed yet, but if Gold can close above $1360 today, then I think it will be a very strong indication that the breakout is real.

The converging triangle has been a prison for Gold for the last 5 years.

The general trend for Gold is a permanently bullish price increase. This is due to constant demand and the natural scarcity of the metal. A logarithmic plot shows how Gold broke away from a 12-year price trend in 2012, and has been lying dormant ever since. I

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