GLOBAL MARKET EXPERT SEES GOLD PRICE HITTING $2,000 SOON A bull run on gold will be happening soon, according to Gerald Celente, American business consultant and publisher of the Trends Journal. “The next breakout point had to be $1,450. I believe when it breaks beyond that, it’s going to spike for the $2,000 mark,” Celente said in an interview with Kitco News.  He cites loose monetary by central banks as the chief influence on this impending rally. "The whole world, every central bankster, you name the place, whether it's Australia going into record low interest rates, the European Central Bank… Read More

FUND MANAGER PREDICTS SKYROCKETING PRICES AFTER MAY 2020 HALVING The recent prediction by Charles Hwang, managing member of the Lightning Capital hedge fund and adjunct professor at Baruch College, echoes the feelings of many technical analysts in the crypto sphere. Hwang put forth his hypothesis in a recent Medium post, while making the convservative assumption that demand will stay steady through 2021. Bitcoin “halving” occurs when predetermined mining milestones have been reached on the network.   These milestones were created when Bitcoin itself was created, and at each one the mining reward is cut in half. One only needs to… Read More

BITCOIN PRICE: $14K IN SIGHT Bitcoin price has rebounded massively this year, and new data shows that Bitcoin’s dominance over altcoins is higher than ever. BTC/USD has seen strong gains since early spring as pressure continues to build in the trade war between China and the United States.  The Bitcoin price rally came after global stock markets suffered and as they continue to struggle to avoid a recession. We’ve seen China devalue its own yuan currency below $7, a key level that initiated a huge flow of money out of the currency.  It appears a great deal of that money… Read More

GOLDMAN REPORT ADVISES NOW IS THE TIME TO BUY BITCOIN, GOLD Recent analyst reports from Goldman Sachs suggests investors should take advantage of the current Bitcoin price dip and buy now. In a series of slides prepared by one of Goldman's technical analysis teams and distributed to clients, the bank included one that put the short-term target Bitcoin price at $13,971.  They echo the sentiment shared by many that we are currently in a dip and that now is an idea time to buy. Source: Goldman Sachs According to the report, there is also the potential that this could be… Read More

JIM CRAMER URGES INVESTORS TO HAVE AT LEAST TEN PERCENT OF THEIR WEALTH IN GOLD Investment guru and former hedge fund manager Jim Cramer gives investors valuable advice:  "everyone should have ten percent of their money in gold."  The Mad Money host made his comments during the show's Lightning Round. He also recently highlighted gold as a safe haven to hold long term instead of government bonds.  "Why not own something that yields nothing that holds its value than something that yields negative that doesn't hold its value," he said in an interview with The Street. "It is ridiculous not… Read More

BULLISH SIGNALS CONTINUE FOR BTC AND GOLD ON MORE SAFE-HAVEN BUYING INTEREST Bitcoin hit another major milestone this summer, gaining its highest share of the overall cryptocurrency market since before its record-smashing 2017 bull run.  Data from crypto market monitoring site CoinMarketCap reveals that Bitcoin now accounts for 70.5% of the total cryptocurrency market cap as of earlier this week. This magnitude of dominance has not been seen since March of 2017, and comes as Bitcoin prices continue to make gains at the expense of altcoins.  This had led to numerous experts and analysts firing warnings about the prospect of… Read More

NEW ANALYSIS REAFFIRMS BITCOIN’S STRENGTH AS LONG TERM INVESTMENT; FOLLOWS IN GOLD'S FOOTSTEPS A new study indicates that Bitcoin (BTC) holders make a profit after an average of 1,335 days - which equates to roughly three years and eight months.  The data was released earlier this week by BitcoinEconomics.io, and the cycle lengths shown roughly correlate to the various reward halving events. The chart (shown below) essentially considers the amount of time between different peaks and how long it would take an investor to profit if they bought at the previous cycle's peak. Bitcoin Profit Probability chart. Source: BitcoinEconomics.io This… Read More

Stocks finished the other week slightly lower than the previous, after three consecutive weeks of gains.  The primary factors that captured the attention of investors were the upwards spike in oil prices and the Federal Reserve's decision to cut rates for the second time this year. A terrorist attack on critical oil infrastructure in Saudi Arabia resulted in the worst oil supply disruption in history.  A whopping 6% of the entire world's production was impacted. Oil prices rose 15% at first, but then ultimately gave back some of the early gains, finishing the week 6% higher.  Saudi officials stressed that… Read More

BTC NETWORK POWER CONTINUES GROWTH, HITS NEW RECORD HIGH New hashrate numbers have shown that the Bitcoin network is now 8 times more powerful than it was at its $20k price peak in late 2017. Data from Bitcoin network monitor Blockchain.com confirmed that the Bitcoin network's total hash rate reached a peak of 79 trillion terahashes per second (TH/s) earlier this week, passing the previous all time high of 70 trillion TH/s.  Hash rate is generally accepted as a measure of how much computer power is spent on a network's security, meaning that the higher the TH/s rate, the more… Read More

Billionaire Ray Dalio has made the case for investing in gold as interest rates continue to fall and central banks print more money, resulting in devalued currencies. In a recent LinkedIn post, the founder of Bridgewater Associates wrote about monetary policy and the markets over the last 50 years.  He said investors have been over-investing in stocks and other equity-like assets that will most likely see diminishing returns. "The world is leveraged long, holding assets that have low real and nominal expected returns that are also providing historically low returns relative to cash returns. I think these are unlikely to… Read More