trackmaster

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  1. 5/13/17 – PM report – We have a lot to review. I apologize for my dereliction of duty the past few weeks, but business and travel is keeping me away. On my way to the airport shortly and not flying United or Delta...lol GOOD LUCK to you all. Weekly Summary: This week’s crypto predictions will be at the end of this report. *Bitcoin price holding around $ 1,700. November 18th meeting to start Segwit vote. Transaction time issues getting worse. This will eventually cause a severe pull back down soon. There is just no avoiding this issue unfortunately and we will never reach a consensus. *NAV on a temporary retreat coming off another price surge. Price still one of the best buys in the market though. *Poloniex order delays and lag times now reached critical condition. Bittrex volumes continue to rise due to polo problems. *Fed rate hike of ¼ point still looming. This hike should be within 30 days and will force the markets lower and debt interest up. *First quarter economic date does not support a fed rate increase, but the jobs report will force an overly generous expectation. *Traveling to the West coast today. We are finalizing another investing group with a 300 btc reserve. Over half are new to crypto. *Long overdue review of our look at world debt. See the tabs for state and world debt clocks please: http://www.usdebtclock.org/ *After reviewing world debt, focus on public and external debt to GDP ratios, btw Japan is now using bitcoin much more than expected. *Australia will now recognize and protect btc. Anyone who says it is too late to buy in must be crazy. Buy now and buy tomorrow! Ok, I am ready and you’re ready so let’s get busy! New York Spot Price Market Alerts Metals Date Time (EST) Bid Ask Change Low High GOLD 05/12/2017 17:01 1227.70 1228.70 +2.90 +0.24% 1226.30 1232.40 SILVER 05/12/2017 17:01 16.44 16.54 +0.14 +0.83% 16.25 16.56 PLATINUM 05/12/2017 17:01 919.00 924.00 +3.00 +0.33% 910.00 928.00 PALLADIUM 05/12/2017 17:01 805.00 810.00 +4.00 +0.50% 797.00 813.00 RHODIUM 05/12/2017 17:01 870.00 970.00 0.00 0.00% - - Gold: Admittedly gold has been pushed lower in the US due to paper gold popularity. The gold volumes have only dropped in the US which is at a very low level currently. Amazing to see gold supplies being sold by US investors to the East with India and China buying it up at a record pace. The American investor is now selling their physical gold insurance away which has me questioning the intellectual qualities of America at this point. Yes, I believe this wealth transfer will continue to the East. Stay away from paper gold for heaven’s sake…..Gold is your insurance and financial security from the fiat fallout that looms around every corner. History teaches us nothing, stupidity is on the rise and this millennial generation is a lost cause. I am ready to just give up on them! Silver: You just cannot have enough silver in your portfolio now. We have a growing need accumulating and is not going away. Getting rich on silver may not be realistic, but you will damn sure love the profits a few years from now and enjoy added protection from D day (debt overload) which is at the tipping point for many countries today. Most Americans didn’t realize it, but something BIG changed in the U.S. gold market in the beginning of 2017. While precious metals sentiment and buying in the U.S. has dropped off considerably in the first quarter of 2017, the East continues to acquire gold, HAND OVER FIST. How much gold? Well, let’s just say…. U.S. gold exports have nearly doubled during JAN-FEB 2017 versus the same period last year: Total U.S. gold exports JAN-FEB 2017 surged to 101 metric tons (mt), compared to 56.5 mt last year. This is quite interesting because total U.S. gold mine supply plus gold imports for JAN-FEB 2017 only equaled 80 mt. Thus, the U.S. suffered a 21 mt gold supply deficit in the first two months of the year. Which means, someone had to liquidate an additional 21 mt of gold from their vaults to export to the East….. Where they still understand the vital role of gold as REAL MONEY. And where did the majority of U.S. gold exports head to? You got it….. Hong Kong-China & India: Of the 101 mt of U.S. gold exports JAN-FEB 2017, Hong Kong-China and India received 61.8 mt, or nearly two-thirds of the total. Switzerland received 28 mt, U.K. imported 5.6 mt and the U.A.E. acquired 3.3 mt. The remaining 2.3 mt went to various countries such as, Germany, Canada and Mexico. What is also quite interesting, is that the majority of the year-over-year increase went to Hong Kong-China and India. U.S. gold exports to Hong Kong-China and India doubled from 31 mt during JAN-FEB 2016 to 61.8 mt JAN-FEB 2017. What does this all mean? It means, as U.S. precious metals investors continue to BICKER, COMPLAIN, BELLY-ACHE and WHINE about the low gold price, the Chinese and Indians smile as they continue to exchange increasing worthless fiat money for the shiny yellow metal.Matter-a-fact, I have heard from several sources that many precious metals investors in the U.S. are selling gold into the market. This has to be one of the STUPIDEST things to do. Of course, if a person needs to sell gold to purchase something or pay bills… that is understandable. But, to sell gold because of low market sentiment, goes against all sound reasoning and logic to own gold. People need to realize the U.S. and global financial and economic system are in the BIGGEST BUBBLE in history. Please read the last sentence again!!! I cannot help the uniformed and under educated. THIS WEEKS CRYPO --- speculation: Again, please do your own research. Invest wisely and be patient. UP: BTC – Prices above $ 1,700. Billions of dollars still flowing into btc each month. Growth continues. Drop pending before new high surge. NAV – Trending up for 10 weeks straight with small profit taking along the way. One of the best values in crypto. Marketing is key now! LTC – $ 27.45 some on my trading teams believe $ 100 - $ 200 is possible. Small investors need to limit buys into this, price is dropping. TRST – Currently $ 0.16 and I like it at .15 or lower. I have a large order in, but others see the same thing as I do…. ARK – Currently $ 0.24 and I have been out of it for over 2 weeks. Excellent buy at .20 or lower. It may start to rise before you get there. BTS – Currently $0.04 (2037) Can it drop lower yes, but it will double if not triple in price overall. Buy in not much lower than this. GNT – Currently $ 0.21 bouncing between 12000-13000. A good buy below 12000. ETH – Currently $ 86.15. We have all made profits from ETH. Keep some in your wallet and buy on drops of -10%. This is your nest egg. Dash – Currently $85.37. Bouncing around for a week. Small investors should put their money into better assets. XRP – Currently $ 0.20 (11950) Getting awesome hype. Foundation is to lock in supply in June finally. Stop manipulation and get support! VIA – Currently $0.38 and on a good run. Get some VIA if you can below .24 and hold on. Chances are: BTC will continue trending up this year to at least $ 1,500 or higher by years end. (Yes that was my previous prediction) Will hit $ 2000+ Pump is overdue for the following: NXT, Whitecoin, Syndicated and Pot. Doge having big spikes 20-25% worth some attention. On the Watch for: Maid – Still undervalued. Getting good volumes and just needs a small break to catch fire. Poloniex – I left you for Bittrex, many others will to. Holding up 60 btc cost me dearly. Digibyte – Stealing it if you can buy into the low 90 range. NAV – After a very good run you will see a sell off from the late buyers into the rise. Price will fall so be ready to buy. Do not chase the hype. Stay disciplined and focus on quality/value over fast profits! As always feel free to comment on any topic or request additional markets to add for the discussion. Investing is an art form to me. A good plan, research and timing will increase your chances of success. No troll box investment tips could replace this formula. Remember charts don’t lie, people do. Thank you and have a profitable week!
  2. Wallet sync issue. Double check and hit the guys up in slack for help if needed, just the best place to go for assistance. Good luck.
  3. 5/7/17 – PM report Btc report next week. Not enough time for altcoin updates this week. New York Spot Price Metals Date Time (EST) Bid Ask Change Low High GOLD 05/05/2017 17:01 1227.90 1228.90 -0.10 -0.01% 1225.70 1234.10 SILVER 05/05/2017 17:01 16.31 16.41 +0.01 +0.06% 16.11 16.48 PLATINUM 05/05/2017 17:01 912.00 917.00 +10.00 +1.11% 902.00 918.00 PALLADIUM 05/05/2017 17:01 815.00 820.00 +13.00 +1.62% 802.00 821.00 RHODIUM 05/05/2017 17:01 895.00 995.00 -25.00 -2.79% - - Gold: Gold prices moved Friday, getting a bounce ahead of this weekend's elections in France and according to Bloomberg Intelligence’s Mike McGlone, the metal may have more upside. Speaking with Kitco News, McGlone said there is a case for gold to hit $1,400 an ounce. ‘You have to look at gold in the bigger picture, it’s doing what it’s supposed to be doing in this environment,’ he said. ‘It’s going up to the next level.’ After hitting five-month highs Monday, June gold futures are heading towards a neutral weekly close, last trading at $1,228.50 an ounce. Silver: Broader sentiment continues to point lower with the recent drawdown in short-positioning further highlighting the short-bias. From a trading standpoint, silver prices are approaching support & while our focus is lower, I'd be looking for a near-term rebound before attempting entry. I am still acquiring my Morgan Silver dollars weekly. Silver prices pullback from key resistance- broader outlook constructive above 17.50 DJIA 21,006.94 +55.47 NASDAQ 6,100.76 +25.42 NIKKEI 19,310.52 0.00 RUSSELL 1,396.99 +8.15 NYSE 11,615.60 +80.90 S&P 500 2,399.29 +9.77 TSX 15,582.00 +185.34 USD 98.58 0.00 Crude Oil 46.47 +0.70 Silver’s Industrial Usage Could Drive Prices In 2017 By Neils Christensen of Kitco News Wednesday December 21, 2016 12:07 (Kitco News) -The silver market could continue to see strong gains in 2017 from a pick-up in industrial demand as the U.S. and global economies improve, according to some analysts. With 2016 quickly coming to a close, silver has been the second-best asset in the precious-metals space, up 16.5% since the start of the year and only behind palladium, which is up almost 21% for the year. Looking ahead, according to some analysts, it could be silver’s industrial component that drives the market, especially as U.S. President-elect Donald Trump pushes his fiscal policies, proposing to spend $1 trillion over 10 years. While silver has broad market fundamentals, industrial demand makes up more than half of the overall market, with most of the other demand coming from jewelry, bullion coins and exchange-traded funds. “Clearly, any uptick in infrastructure spending resulting from the recent U.S. election could benefit silver's industrial demand side,” said analysts at CIBC, in a recently published report. Analysts at UBS, who said that silver lacked its own narrative in 2016, mostly following gold’s lead, also see the metal’s industrial component gaining momentum next year. “We think silver's links to economic activity via its industrial-demand component should help its relative performance to gold during periods when markets are optimistic about growth and risk,” the analysts said in a recent report. Analysts at HSBC said in their outlook report that they see silver averaging $18.75 an ounce in 2017. Commodity analysts at Commerzbank said that they see silver ending next year around $19 and averaging around $18. UBS said that they see prices averaging $18.80 an ounce next year. While most analysts have lowered their forecasts for next year, prices are higher than current prices with February silver futures last trading at $15.995 an ounce. “We believe silver prices will be better bid later in 2017. We also base our expectations on solid fundamentals, as mine supply is likely to contract while industrial and jewelry demand should increase,” the analysts at HSBC said. One particular sector in which HSBC analysts see potential is solar power, as costs decline and energy demand increases. “We look for a further 8moz increase in PV consumption in 2017 to 91moz. We anticipate steady increases well into the next decade and consider PV and other solar power applications an important new source of silver consumption,” they said. Does Supply-Demand Picture Favor Higher Silver Prices? HSBC, quoting market sources, said it is expecting to see total silver demand hit 1.159 billion ounces in 2017, up slightly from 1.148 billion ounces that are expected to be consumed this year. At the same time, total silver supplies are expected to continue to fall, reaching 1.027 billion ounces, down from 1.032 billion ounces produced this year. In total HSBC expects the silver market to see a supply deficit of 132 million ounces; this would be the fifth consecutive deficit for the silver market. However, not all analysts are convinced that a market imbalance next year will be a major positive for the market. While silver is expected to see further supply deficits next year, analysts at Commerzbank said that they expect a market shortfall will only have a limited impact on the prices, adding that they see only modest demand for the metal next year. Analysts at the German bank said that they expect to see a total market deficit of around 50 million ounces. “This would be the smallest deficit since the last surplus year of 2012,” they said. Commerzbank analysts also said that they expect to see lackluster demand in industrial usage because there is a growing trend of thrifting in the industrial sector, which means companies are finding ways to use less metal in their electrical components. The analysts said that they expect that next year, industrial demand will fall to its lowest level since 2009. Commerzbank said that they think the market will have to see increased investor demand in exchange-traded products and physical demand for jewelry and bullion coins to push prices back above $20 an ounce in 2017. Give Me Convenience or Give Me Death Remember when ATM's were introduced? We were petrified to use our Manny-Hanny cards at first. But they were a cost reducer for banks and the idea was TBTF for them. Tellers could be sacked then and the public embraced it for convenience reasons eventually. Like long lines from no tellers being open (see EZ Pass today). Then it became a source of revenue as bank ATM's charge you money if the machine is not theirs. Bank sells on a cure for a disease they create. Imagine being a fired teller having to use an ATM the rest of your life. Dehumanizing we'd imagine. You will eventually be charged for convenience on any innovation that reduces a company's operating cost through implementation of said innovation. It is the curse of incumbency. Once behavior becomes a habit, it is hard to break. Electronic incumbency is at the top of that list. Electronic Incumbency in business would be a function of lost executive function and addictive behavior in Psychology. Here are some bullet points to consider on the topic: Abolishing cash makes it easier to manage the markets especially in a NIRP environment The rationale of transacting with ease via electronic swipes of a card is the pretense The reality is once cash is abolished there will be no way to transact business except with a debit/credit card And we will all be locked into the system, our choices made for us. Net effect, reduces bank risk via no clearing time, ease of transactions for user, forces all trade to be intermediated by a bank Banks get the ultimate exchange type franchise. Probably right afterwards they become pure utilities for the Government again. Our childhood friends wouldn't be able to launder counterfeit $10's at hot dog stands- wait, ignore that one... You get the point though. You would be a walking EZ Pass Why Governments Are Winning the War on Cash Authored by Jim Rickards for dailyreckoning.com I’ve written many times about how the so-called “cashless society” is a Trojan horse for a system in which all financial wealth is electronic and represented digitally in the records of a small number of megabanks and asset managers. Once that is achieved, it will be easy for state power to seize and freeze the wealth, or subject it to constant surveillance, taxation and other forms of digital confiscation. Given these potential outcomes, one might expect that citizens would push back against the war on cash. In fact, the opposite seems to be happening. A recent survey revealed that more than a third of Americans and Europeans would have no problem at all giving up cash and going completely digital. Specifically, the study showed 34% of Europeans and 38% of Americans surveyed would prefer going cashless. Specifically, the study showed 34% of Europeans and 38% of Americans surveyed would prefer going cashless. Notably, Germans are the most resistant to going cashless. Almost 80% of transactions in Germany are done in cash, and many Germans never use credit cards. Incidentally, the German word for debt, schuld, also means guilt. The German experience with hyperinflation after WWI and additional monetary chaos after WWII certainly plays a part in this resistance to the cashless society. Other countries, such as Romania and Bulgaria, which have recent experiences with currency and financial crises, also tend to use cash extensively. Of course, there’s no denying that digital payments are certainly convenient. I use them myself in the form of credit and debit cards, wire transfers, automatic deposits and bill payments. Significant portion of my wealth in nondigital form, including real estate, fine art and precious metals in safe, nonbank storage. The surest way to lull someone into complacency is to offer a “convenience” that quickly becomes habit and impossible to do without. The convenience factor is becoming more prevalent, and consumers are moving from cash to digital payments just as they moved from gold and silver coins to paper money a hundred years ago. When the next financial panic comes, those without tangible wealth will be totally at the mercy of banks and governments who will decide exactly how much of your own money you’re allowed to have each day. Just ask the citizens of Cyprus, Greece and India who have gone through this experience in recent years. It will come to the U.S. soon enough. END -------------------------------------- We, the shrinking United States middle class offer this to you, peddlers of trade restraint wrapped in convenience. Dear Elitists, Multiculturalists, Globalists, and those Corporations that exploit noble but misplaced ideals. We don't want to take what you can give We would rather starve than eat your bread, We would rather run but we can walk, never truly helped us out before We take the poor man's path and must refuse your test Push us and we will resist, this behaviors not unique. We don't want to hear from those who know. We don't want to limp so they can walk. We don't want to be held in your debt, we'd rather pay it off in blood let We're already cut up an half dead. Everything has chains absolutely nothing’s changed. We don't want to take what you can give, we would rather starve than eat your bread The Soren K. Group As always feel free to comment on any topic or request additional markets to add for the discussion. Investing is an art form to me. A good plan, research and timing will increase your chances of success. No troll box investment tips could replace this formula. Remember charts don’t lie, people do. Thank you and have a profitable week!
  4. 5/7/17 – PM report Btc report next week. Not enough time for altcoin updates this week. New York Spot Price Metals Date Time (EST) Bid Ask Change Low High GOLD 05/05/2017 17:01 1227.90 1228.90 -0.10 -0.01% 1225.70 1234.10 SILVER 05/05/2017 17:01 16.31 16.41 +0.01 +0.06% 16.11 16.48 PLATINUM 05/05/2017 17:01 912.00 917.00 +10.00 +1.11% 902.00 918.00 PALLADIUM 05/05/2017 17:01 815.00 820.00 +13.00 +1.62% 802.00 821.00 RHODIUM 05/05/2017 17:01 895.00 995.00 -25.00 -2.79% - - Gold: Gold prices moved Friday, getting a bounce ahead of this weekend's elections in France and according to Bloomberg Intelligence’s Mike McGlone, the metal may have more upside. Speaking with Kitco News, McGlone said there is a case for gold to hit $1,400 an ounce. ‘You have to look at gold in the bigger picture, it’s doing what it’s supposed to be doing in this environment,’ he said. ‘It’s going up to the next level.’ After hitting five-month highs Monday, June gold futures are heading towards a neutral weekly close, last trading at $1,228.50 an ounce. Silver: Broader sentiment continues to point lower with the recent drawdown in short-positioning further highlighting the short-bias. From a trading standpoint, silver prices are approaching support & while our focus is lower, I'd be looking for a near-term rebound before attempting entry. I am still acquiring my Morgan Silver dollars weekly. Silver prices pullback from key resistance- broader outlook constructive above 17.50 DJIA 21,006.94 +55.47 NASDAQ 6,100.76 +25.42 NIKKEI 19,310.52 0.00 RUSSELL 1,396.99 +8.15 NYSE 11,615.60 +80.90 S&P 500 2,399.29 +9.77 TSX 15,582.00 +185.34 USD 98.58 0.00 Crude Oil 46.47 +0.70 Silver’s Industrial Usage Could Drive Prices In 2017 By Neils Christensen of Kitco News Wednesday December 21, 2016 12:07 (Kitco News) -The silver market could continue to see strong gains in 2017 from a pick-up in industrial demand as the U.S. and global economies improve, according to some analysts. With 2016 quickly coming to a close, silver has been the second-best asset in the precious-metals space, up 16.5% since the start of the year and only behind palladium, which is up almost 21% for the year. Looking ahead, according to some analysts, it could be silver’s industrial component that drives the market, especially as U.S. President-elect Donald Trump pushes his fiscal policies, proposing to spend $1 trillion over 10 years. While silver has broad market fundamentals, industrial demand makes up more than half of the overall market, with most of the other demand coming from jewelry, bullion coins and exchange-traded funds. “Clearly, any uptick in infrastructure spending resulting from the recent U.S. election could benefit silver's industrial demand side,” said analysts at CIBC, in a recently published report. Analysts at UBS, who said that silver lacked its own narrative in 2016, mostly following gold’s lead, also see the metal’s industrial component gaining momentum next year. “We think silver's links to economic activity via its industrial-demand component should help its relative performance to gold during periods when markets are optimistic about growth and risk,” the analysts said in a recent report. Analysts at HSBC said in their outlook report that they see silver averaging $18.75 an ounce in 2017. Commodity analysts at Commerzbank said that they see silver ending next year around $19 and averaging around $18. UBS said that they see prices averaging $18.80 an ounce next year. While most analysts have lowered their forecasts for next year, prices are higher than current prices with February silver futures last trading at $15.995 an ounce. “We believe silver prices will be better bid later in 2017. We also base our expectations on solid fundamentals, as mine supply is likely to contract while industrial and jewelry demand should increase,” the analysts at HSBC said. One particular sector in which HSBC analysts see potential is solar power, as costs decline and energy demand increases. “We look for a further 8moz increase in PV consumption in 2017 to 91moz. We anticipate steady increases well into the next decade and consider PV and other solar power applications an important new source of silver consumption,” they said. Does Supply-Demand Picture Favor Higher Silver Prices? HSBC, quoting market sources, said it is expecting to see total silver demand hit 1.159 billion ounces in 2017, up slightly from 1.148 billion ounces that are expected to be consumed this year. At the same time, total silver supplies are expected to continue to fall, reaching 1.027 billion ounces, down from 1.032 billion ounces produced this year. In total HSBC expects the silver market to see a supply deficit of 132 million ounces; this would be the fifth consecutive deficit for the silver market. However, not all analysts are convinced that a market imbalance next year will be a major positive for the market. While silver is expected to see further supply deficits next year, analysts at Commerzbank said that they expect a market shortfall will only have a limited impact on the prices, adding that they see only modest demand for the metal next year. Analysts at the German bank said that they expect to see a total market deficit of around 50 million ounces. “This would be the smallest deficit since the last surplus year of 2012,” they said. Commerzbank analysts also said that they expect to see lackluster demand in industrial usage because there is a growing trend of thrifting in the industrial sector, which means companies are finding ways to use less metal in their electrical components. The analysts said that they expect that next year, industrial demand will fall to its lowest level since 2009. Commerzbank said that they think the market will have to see increased investor demand in exchange-traded products and physical demand for jewelry and bullion coins to push prices back above $20 an ounce in 2017. Give Me Convenience or Give Me Death Remember when ATM's were introduced? We were petrified to use our Manny-Hanny cards at first. But they were a cost reducer for banks and the idea was TBTF for them. Tellers could be sacked then and the public embraced it for convenience reasons eventually. Like long lines from no tellers being open (see EZ Pass today). Then it became a source of revenue as bank ATM's charge you money if the machine is not theirs. Bank sells on a cure for a disease they create. Imagine being a fired teller having to use an ATM the rest of your life. Dehumanizing we'd imagine. You will eventually be charged for convenience on any innovation that reduces a company's operating cost through implementation of said innovation. It is the curse of incumbency. Once behavior becomes a habit, it is hard to break. Electronic incumbency is at the top of that list. Electronic Incumbency in business would be a function of lost executive function and addictive behavior in Psychology. Here are some bullet points to consider on the topic: Abolishing cash makes it easier to manage the markets especially in a NIRP environment The rationale of transacting with ease via electronic swipes of a card is the pretense The reality is once cash is abolished there will be no way to transact business except with a debit/credit card And we will all be locked into the system, our choices made for us. Net effect, reduces bank risk via no clearing time, ease of transactions for user, forces all trade to be intermediated by a bank Banks get the ultimate exchange type franchise. Probably right afterwards they become pure utilities for the Government again. Our childhood friends wouldn't be able to launder counterfeit $10's at hot dog stands- wait, ignore that one... You get the point though. You would be a walking EZ Pass Why Governments Are Winning the War on Cash Authored by Jim Rickards for dailyreckoning.com I’ve written many times about how the so-called “cashless society” is a Trojan horse for a system in which all financial wealth is electronic and represented digitally in the records of a small number of megabanks and asset managers. Once that is achieved, it will be easy for state power to seize and freeze the wealth, or subject it to constant surveillance, taxation and other forms of digital confiscation. Given these potential outcomes, one might expect that citizens would push back against the war on cash. In fact, the opposite seems to be happening. A recent survey revealed that more than a third of Americans and Europeans would have no problem at all giving up cash and going completely digital. Specifically, the study showed 34% of Europeans and 38% of Americans surveyed would prefer going cashless. Specifically, the study showed 34% of Europeans and 38% of Americans surveyed would prefer going cashless. Notably, Germans are the most resistant to going cashless. Almost 80% of transactions in Germany are done in cash, and many Germans never use credit cards. Incidentally, the German word for debt, schuld, also means guilt. The German experience with hyperinflation after WWI and additional monetary chaos after WWII certainly plays a part in this resistance to the cashless society. Other countries, such as Romania and Bulgaria, which have recent experiences with currency and financial crises, also tend to use cash extensively. Of course, there’s no denying that digital payments are certainly convenient. I use them myself in the form of credit and debit cards, wire transfers, automatic deposits and bill payments. Significant portion of my wealth in nondigital form, including real estate, fine art and precious metals in safe, nonbank storage. The surest way to lull someone into complacency is to offer a “convenience” that quickly becomes habit and impossible to do without. The convenience factor is becoming more prevalent, and consumers are moving from cash to digital payments just as they moved from gold and silver coins to paper money a hundred years ago. When the next financial panic comes, those without tangible wealth will be totally at the mercy of banks and governments who will decide exactly how much of your own money you’re allowed to have each day. Just ask the citizens of Cyprus, Greece and India who have gone through this experience in recent years. It will come to the U.S. soon enough. END -------------------------------------- We, the shrinking United States middle class offer this to you, peddlers of trade restraint wrapped in convenience. Dear Elitists, Multiculturalists, Globalists, and those Corporations that exploit noble but misplaced ideals. We don't want to take what you can give We would rather starve than eat your bread, We would rather run but we can walk, never truly helped us out before We take the poor man's path and must refuse your test Push us and we will resist, this behaviors not unique. We don't want to hear from those who know. We don't want to limp so they can walk. We don't want to be held in your debt, we'd rather pay it off in blood let We're already cut up an half dead. Everything has chains absolutely nothing’s changed. We don't want to take what you can give, we would rather starve than eat your bread The Soren K. Group As always feel free to comment on any topic or request additional markets to add for the discussion. Investing is an art form to me. A good plan, research and timing will increase your chances of success. No troll box investment tips could replace this formula. Remember charts don’t lie, people do. Thank you and have a profitable week!
  5. 5/7/17 – PM report Btc report next week. Not enough time for altcoin updates this week. New York Spot Price Metals Date Time (EST) Bid Ask Change Low High GOLD 05/05/2017 17:01 1227.90 1228.90 -0.10 -0.01% 1225.70 1234.10 SILVER 05/05/2017 17:01 16.31 16.41 +0.01 +0.06% 16.11 16.48 PLATINUM 05/05/2017 17:01 912.00 917.00 +10.00 +1.11% 902.00 918.00 PALLADIUM 05/05/2017 17:01 815.00 820.00 +13.00 +1.62% 802.00 821.00 RHODIUM 05/05/2017 17:01 895.00 995.00 -25.00 -2.79% - - Gold: Gold prices moved Friday, getting a bounce ahead of this weekend's elections in France and according to Bloomberg Intelligence’s Mike McGlone, the metal may have more upside. Speaking with Kitco News, McGlone said there is a case for gold to hit $1,400 an ounce. ‘You have to look at gold in the bigger picture, it’s doing what it’s supposed to be doing in this environment,’ he said. ‘It’s going up to the next level.’ After hitting five-month highs Monday, June gold futures are heading towards a neutral weekly close, last trading at $1,228.50 an ounce. Silver: Broader sentiment continues to point lower with the recent drawdown in short-positioning further highlighting the short-bias. From a trading standpoint, silver prices are approaching support & while our focus is lower, I'd be looking for a near-term rebound before attempting entry. I am still acquiring my Morgan Silver dollars weekly. Silver prices pullback from key resistance- broader outlook constructive above 17.50 DJIA 21,006.94 +55.47 NASDAQ 6,100.76 +25.42 NIKKEI 19,310.52 0.00 RUSSELL 1,396.99 +8.15 NYSE 11,615.60 +80.90 S&P 500 2,399.29 +9.77 TSX 15,582.00 +185.34 USD 98.58 0.00 Crude Oil 46.47 +0.70 Silver’s Industrial Usage Could Drive Prices In 2017 By Neils Christensen of Kitco News Wednesday December 21, 2016 12:07 (Kitco News) -The silver market could continue to see strong gains in 2017 from a pick-up in industrial demand as the U.S. and global economies improve, according to some analysts. With 2016 quickly coming to a close, silver has been the second-best asset in the precious-metals space, up 16.5% since the start of the year and only behind palladium, which is up almost 21% for the year. Looking ahead, according to some analysts, it could be silver’s industrial component that drives the market, especially as U.S. President-elect Donald Trump pushes his fiscal policies, proposing to spend $1 trillion over 10 years. While silver has broad market fundamentals, industrial demand makes up more than half of the overall market, with most of the other demand coming from jewelry, bullion coins and exchange-traded funds. “Clearly, any uptick in infrastructure spending resulting from the recent U.S. election could benefit silver's industrial demand side,” said analysts at CIBC, in a recently published report. Analysts at UBS, who said that silver lacked its own narrative in 2016, mostly following gold’s lead, also see the metal’s industrial component gaining momentum next year. “We think silver's links to economic activity via its industrial-demand component should help its relative performance to gold during periods when markets are optimistic about growth and risk,” the analysts said in a recent report. Analysts at HSBC said in their outlook report that they see silver averaging $18.75 an ounce in 2017. Commodity analysts at Commerzbank said that they see silver ending next year around $19 and averaging around $18. UBS said that they see prices averaging $18.80 an ounce next year. While most analysts have lowered their forecasts for next year, prices are higher than current prices with February silver futures last trading at $15.995 an ounce. “We believe silver prices will be better bid later in 2017. We also base our expectations on solid fundamentals, as mine supply is likely to contract while industrial and jewelry demand should increase,” the analysts at HSBC said. One particular sector in which HSBC analysts see potential is solar power, as costs decline and energy demand increases. “We look for a further 8moz increase in PV consumption in 2017 to 91moz. We anticipate steady increases well into the next decade and consider PV and other solar power applications an important new source of silver consumption,” they said. Does Supply-Demand Picture Favor Higher Silver Prices? HSBC, quoting market sources, said it is expecting to see total silver demand hit 1.159 billion ounces in 2017, up slightly from 1.148 billion ounces that are expected to be consumed this year. At the same time, total silver supplies are expected to continue to fall, reaching 1.027 billion ounces, down from 1.032 billion ounces produced this year. In total HSBC expects the silver market to see a supply deficit of 132 million ounces; this would be the fifth consecutive deficit for the silver market. However, not all analysts are convinced that a market imbalance next year will be a major positive for the market. While silver is expected to see further supply deficits next year, analysts at Commerzbank said that they expect a market shortfall will only have a limited impact on the prices, adding that they see only modest demand for the metal next year. Analysts at the German bank said that they expect to see a total market deficit of around 50 million ounces. “This would be the smallest deficit since the last surplus year of 2012,” they said. Commerzbank analysts also said that they expect to see lackluster demand in industrial usage because there is a growing trend of thrifting in the industrial sector, which means companies are finding ways to use less metal in their electrical components. The analysts said that they expect that next year, industrial demand will fall to its lowest level since 2009. Commerzbank said that they think the market will have to see increased investor demand in exchange-traded products and physical demand for jewelry and bullion coins to push prices back above $20 an ounce in 2017. Give Me Convenience or Give Me Death Remember when ATM's were introduced? We were petrified to use our Manny-Hanny cards at first. But they were a cost reducer for banks and the idea was TBTF for them. Tellers could be sacked then and the public embraced it for convenience reasons eventually. Like long lines from no tellers being open (see EZ Pass today). Then it became a source of revenue as bank ATM's charge you money if the machine is not theirs. Bank sells on a cure for a disease they create. Imagine being a fired teller having to use an ATM the rest of your life. Dehumanizing we'd imagine. You will eventually be charged for convenience on any innovation that reduces a company's operating cost through implementation of said innovation. It is the curse of incumbency. Once behavior becomes a habit, it is hard to break. Electronic incumbency is at the top of that list. Electronic Incumbency in business would be a function of lost executive function and addictive behavior in Psychology. Here are some bullet points to consider on the topic: Abolishing cash makes it easier to manage the markets especially in a NIRP environment The rationale of transacting with ease via electronic swipes of a card is the pretense The reality is once cash is abolished there will be no way to transact business except with a debit/credit card And we will all be locked into the system, our choices made for us. Net effect, reduces bank risk via no clearing time, ease of transactions for user, forces all trade to be intermediated by a bank Banks get the ultimate exchange type franchise. Probably right afterwards they become pure utilities for the Government again. Our childhood friends wouldn't be able to launder counterfeit $10's at hot dog stands- wait, ignore that one... You get the point though. You would be a walking EZ Pass Why Governments Are Winning the War on Cash Authored by Jim Rickards for dailyreckoning.com I’ve written many times about how the so-called “cashless society” is a Trojan horse for a system in which all financial wealth is electronic and represented digitally in the records of a small number of megabanks and asset managers. Once that is achieved, it will be easy for state power to seize and freeze the wealth, or subject it to constant surveillance, taxation and other forms of digital confiscation. Given these potential outcomes, one might expect that citizens would push back against the war on cash. In fact, the opposite seems to be happening. A recent survey revealed that more than a third of Americans and Europeans would have no problem at all giving up cash and going completely digital. Specifically, the study showed 34% of Europeans and 38% of Americans surveyed would prefer going cashless. Specifically, the study showed 34% of Europeans and 38% of Americans surveyed would prefer going cashless. Notably, Germans are the most resistant to going cashless. Almost 80% of transactions in Germany are done in cash, and many Germans never use credit cards. Incidentally, the German word for debt, schuld, also means guilt. The German experience with hyperinflation after WWI and additional monetary chaos after WWII certainly plays a part in this resistance to the cashless society. Other countries, such as Romania and Bulgaria, which have recent experiences with currency and financial crises, also tend to use cash extensively. Of course, there’s no denying that digital payments are certainly convenient. I use them myself in the form of credit and debit cards, wire transfers, automatic deposits and bill payments. Significant portion of my wealth in nondigital form, including real estate, fine art and precious metals in safe, nonbank storage. The surest way to lull someone into complacency is to offer a “convenience” that quickly becomes habit and impossible to do without. The convenience factor is becoming more prevalent, and consumers are moving from cash to digital payments just as they moved from gold and silver coins to paper money a hundred years ago. When the next financial panic comes, those without tangible wealth will be totally at the mercy of banks and governments who will decide exactly how much of your own money you’re allowed to have each day. Just ask the citizens of Cyprus, Greece and India who have gone through this experience in recent years. It will come to the U.S. soon enough. END -------------------------------------- We, the shrinking United States middle class offer this to you, peddlers of trade restraint wrapped in convenience. Dear Elitists, Multiculturalists, Globalists, and those Corporations that exploit noble but misplaced ideals. We don't want to take what you can give We would rather starve than eat your bread, We would rather run but we can walk, never truly helped us out before We take the poor man's path and must refuse your test Push us and we will resist, this behaviors not unique. We don't want to hear from those who know. We don't want to limp so they can walk. We don't want to be held in your debt, we'd rather pay it off in blood let We're already cut up an half dead. Everything has chains absolutely nothing’s changed. We don't want to take what you can give, we would rather starve than eat your bread The Soren K. Group As always feel free to comment on any topic or request additional markets to add for the discussion. Investing is an art form to me. A good plan, research and timing will increase your chances of success. No troll box investment tips could replace this formula. Remember charts don’t lie, people do. Thank you and have a profitable week!
  6. 4/23/17 – Weekly PM report – Back after taking a few weeks’ vacation. Good btc conference and investment forums we had. Weekly Summary: This week’s up/down crypto will be at the end of this report. *Bitcoin price holding around $ 1,200. November 18th meeting to start Segwit vote. Transaction time issues grow. Great meeting with several experts discussing this very issue, more about control (i.e. Money/Power) *NAV has another great week. New staking wallet is awesome and the team continues to impress the community. *Segwit explained: https://segwit.org/segregated-witness-explained-d3ebd9aebf27 btc miners may resist Segwit, but the overall support for Segwit is way underestimated. Note: Special thanks to juguelio and mogrith for their assistance with the new Nav wallet upgrade. We definitely have the best community in the crypto world without a doubt. Always seek help in the Slack channel if needed. All of my wallets have now been upgraded and I love our new design. Great job team NAV. New York Spot Price MARKET IS CLOSED (Will open in 22 hrs. 49 mins.) Market Alerts Metals Date Time (EST) Bid Ask Change Low High GOLD 04/21/2017 17:01 1283.90 1284.90 +2.20 +0.17% 1278.90 1289.00 SILVER 04/21/2017 17:01 17.90 18.00 -0.11 -0.58% 17.69 18.05 PLATINUM 04/21/2017 17:01 970.00 975.00 -8.00 -0.82% 966.00 987.00 PALLADIUM 04/21/2017 17:01 794.00 799.00 -8.00 -1.00% 785.00 811.00 RHODIUM 04/21/2017 17:01 945.00 1045.00 0.00 0.00% - - Gold: Gold prices moved Friday, getting a bounce ahead of this weekend's elections in France and according to Bloomberg Intelligence’s Mike McGlone, the metal may have more upside. Speaking with Kitco News, McGlone said there is a case for gold to hit $1,400 an ounce. ‘You have to look at gold in the bigger picture, it’s doing what it’s supposed to be doing in this environment,’ he said. ‘It’s going up to the next level.’ After hitting five-month highs Monday, June gold futures are heading towards a neutral weekly close, last trading at $1,288.50 an ounce. Silver: Broader sentiment continues to point lower with the recent drawdown in short-positioning further highlighting the short-bias. From a trading standpoint, silver prices are approaching support & while our focus is lower, I'd be looking for a near-term rebound before attempting entry. I am still acquiring my Morgan Silver dollars weekly. Silver prices pullback from key resistance- broader outlook constructive above 17.50 Exchange Rates 4-23-17 Exchange Rates US Dollar Cross Rates Sym Name Last Change Percent High Low ^USDAUD U.S. Dollar/Australian Dollar 1.3251 -0.0034 -0.26% 1.3304 1.3247 ^USDCAD U.S. Dollar/Canadian Dollar 1.34911 +0.00225 +0.17% 1.35246 1.34578 ^USDCHF U.S. Dollar/Swiss Franc 0.99579 -0.00270 -0.27% 0.99992 0.99558 ^USDEUR U.S. Dollar/Euro FX 0.93181 -0.00124 -0.13% 0.93604 0.93127 ^USDGBP U.S. Dollar/British Pound 0.78033 +0.00004 +0.01% 0.78361 0.77916 ^USDJPY U.S. Dollar/Japanese Yen 109.059 -0.253 -0.23% 109.420 108.886 ^USDARS U.S. Dollar/Argentine Peso 15.4699 +0.0849 +0.55% 15.4716 15.3586 ^USDBGN U.S. Dollar/Bulgarian Lev 1.81973 +0.00450 +0.25% 1.82868 1.81385 ^USDBRL U.S. Dollar/Brazilian Real 3.14656 -0.00119 -0.04% 3.14761 3.14550 ^USDCLP U.S. Dollar/Chilean Peso 652.36 +3.57 +0.55% 652.36 648.53 ^USDCNY U.S. Dollar/Chinese Yuan 6.8843 +0.0018 +0.03% 6.9047 6.8754 ^USDCZK U.S. Dollar/Czech Koruna 25.0717 -0.0052 -0.02% 25.2332 25.0638 ^USDDKK U.S. Dollar/Danish Krone 6.9275 -0.0107 -0.15% 6.9612 6.9262 ^USDFJD U.S. Dollar/Fiji Dollar 2.0599 -0.0123 -0.59% 2.0773 2.0595 ^USDHKD U.S. Dollar/Hong Kong Dollar 7.7745 +0.0002 unch 7.7766 7.7739 ^USDHRK U.S. Dollar/Croatian Kuna 6.9513 -0.0016 -0.02% 6.9750 6.9461 ^USDHUF U.S. Dollar/Hungarian Forint 290.622 -1.597 -0.55% 293.883 290.622 ^USDIDR U.S. Dollar/Indonesian Rupiah 13,293 -60 -0.45% 13,353 13,181 ^USDILS U.S. Dollar/Israeli Shekel 3.664173 -0.004770 -0.13% 3.684290 3.660960 ^USDINR U.S. Dollar/Indian Rupee 64.5723 -0.0940 -0.15% 64.7000 64.5501 ^USDISK U.S. Dollar/Icelandic Krona 108.962 -0.918 -0.84% 109.936 108.899 ^USDKRW U.S. Dollar/Korean Won 1,133.60 -3.98 -0.35% 1,139.75 1,132.43 ^USDKWD U.S. Dollar/Kuwaiti Dinar 0.30415 +0.00003 +0.01% 0.30423 0.30410 ^USDLBP U.S. Dollar/Lebanese Pound 1,480.8 +7.9 +0.54% 1,480.8 1,474.3 ^USDLKR U.S. Dollar/Sri Lankan Rupee 152.17 +0.14 +0.09% 152.17 149.58 ^USDLTL U.S. Dollar/Lithuanian Litas 2.9335 unch unch 2.9335 2.9335 ^USDLVL U.S. Dollar/Latvian Lats 0.5157 unch unch 0.5157 0.5157 ^USDMAD U.S. Dollar/Moroccan Dirham 9.9882 +0.0225 +0.23% 9.9983 9.7442 ^USDMXN U.S. Dollar/Mexican Peso 18.7946 +0.0098 +0.05% 18.8861 18.7739 ^USDMYR U.S. Dollar/Malaysian Ringgit 4.3974 +0.0011 +0.03% 4.3983 4.3910 ^USDNOK U.S. Dollar/Norwegian Krone 8.66440 +0.04382 +0.51% 8.69392 8.60618 ^USDNZD U.S. Dollar/New Zealand Dollar 1.4214 -0.0046 -0.32% 1.4316 1.4210 ^USDPHP U.S. Dollar/Philippine Peso 49.8015 +0.0643 +0.13% 49.8361 49.6569 ^USDPLN U.S. Dollar/Polish Zloty 3.9654 -0.0142 -0.36% 4.0028 3.9654 ^USDQAR U.S. Dollar/Qatari Riyal 3.6378 -0.0001 unch 3.6395 3.6373 ^USDRON U.S. Dollar/Romanian Leu 4.2324 -0.0006 -0.01% 4.2461 4.2297 ^USDRSD U.S. Dollar/Serbian Dinar 114.968 +0.081 +0.07% 115.223 114.713 ^USDRUB U.S. Dollar/Russian Ruble 56.423 +0.280 +0.50% 56.564 55.991 ^USDSAR U.S. Dollar/Saudi Riyal 3.7458 unch unch 3.7495 3.7457 ^USDSEK U.S. Dollar/Swedish Krona 8.97620 -0.00659 -0.07% 9.03299 8.97046 ^USDSGD U.S. Dollar/Singapore Dollar 1.3966 -0.0008 -0.06% 1.3989 1.3957 ^USDZAR U.S. Dollar/South African Rand 13.11124 -0.02355 -0.18% 13.18958 13.08932 THIS WEEKS CRYPO --- speculation: Again, please do your own research as always. Vacation time is over. Addressing the Poloniex issue with numerous other investors with many opinions taking both sides. I have my own and that is all that matters. Poloniex will never be confused with a charity organization and will base every decision they make on what is in their best interest. Lack of profit in a particular market, low trading volumes and lack of user interest can be some of the reasons for delisting markets. Most of the delisted markets did not suffer from lack of interest or low trading volumes, but the sudden announcement was very reckless and at least gave the appearance that the exchange had unloaded all supplies prior to the delisting announcement. Speaking with a few banking attorney friends of mine and there are some legal issues that may be attached for the exchange to deal with down the road. Last year New York residence were forced to remove their funds from the exchange due to the exchanges lack of foresight in acquiring a bitlicense under a newly passed NY law. Poloniex also announced that they were closing the accounts of Washington State residence and gave them until April 21st to move their funds. If you have tried to withdraw from Polo you are aware of the delays in doing so. There will be other states adapting new bitcoin policies and regulations coming soon and we now see the business plan that Poloniex is using to deal with this. Do you see other exchanges behaving in this manner? I did not intend on just bashing Poloniex today, but I have moved most of my bitcoin from them to Bittrex. My preaching of diversifying investments after narrowly escaping total disaster from Mt. Gox & Cryptsy be damned. Delisting of these markets does not mean the end for them all. Some have poor development along with lack of vision which gives them no practical future anyways. To all investors who suffered losses due to this, please take it as a good lesson learned to carefully plan future investing practices. Spreading 1 btc using the 40%, 30%, 20%, 10% method can deliver profits along with the valuable protection against sudden market crashes or poor dev leadership causing it to fail. THIS WEEKS CRYPO --- speculation: Again, please do your own research. Invest wisely and be patient. UP: BTC – Prices above $ 1,200. No signs yet of major price drops. May still view this price as a bargain 2 years from now. Monero – Currently below $20. Still has not made any major move upward, but news release Monday 4-24-17 may start it towards $ 26. NAV – Trending up for 8 weeks straight with small profit taking along the way. Looking good in May, continued success. Get onboard. LTC – $ 14.50 waiting for a drop has been difficult as momentum continues. Some on my trading teams believe $ 100 - $ 200 is possible. TRST – Currently $ 0.065. Watch supply, like the team - this may go somewhere as other coins get exposed for what they are (expletive) ARK – Currently $ 0.21 has gained 500% from my original buy ins. Sold most and waiting for the next buy in point to show. Down: ETH – Currently $48.62. Waiting for the fall back, I would be looking for drops below $40 (just taking too long). 8bit – Started with potential, dev issues and lack of leadership plagued this coin. I do not believe in you. Dash – Currently $70. Is still not sitting well. Great hype job yet would you like to compare profit % with Nav in a few years. SDC – Currently $0.81 devastated by delisting notice. PARTCL may not be the answer, but watch for dev updates. I still like though. XRP – Currently 2539 down from 5678. Not on my buy list at all (sorry to all the Rippler’s out there) Just a short pump to enjoy or unload. Block – The run is over, take profit and walk away. You can pump it just can’t hold it. DGD – Currently $ 18.94 Very risky gamble with way over priced market. Price by association – many better options available. GBYTE – Currently $ 141.32 – Ok, let us just move on. Chances are: BTC will continue trending up this year. I see at least $ 1,500 or higher by years end. Hard fork news will drive prices down short term. LGD – Legends Room crowd fund will not make its goal again. Over $ 5,000 for your admission into a strip club in Vegas (save your btc) On the Watch for: Waves – Momentum continues and still not a bad price. Poloniex – Retracting of some delisted coins? Could you predict the excuse? Learn to expect the unexpected with them. Lisk – I know right? Just continues small climb up so I took a baby step in. NAV – After a very good run you will see a sell off from the late buyers into the rise. Price will fall so be ready to buy. As always feel free to comment on any topic or request additional markets to add for the discussion. Investing is an art form to me. A good plan, research and timing will increase your chances of success. No troll box investment tips could replace this formula. Remember charts don’t lie, people do. Thank you and have a profitable week!
  7. Market delisting updated from Polo on 4-18-17: On May 2, 2017, the following will be delisted: BBR, BITS, C2, CURE, HZ, IOC, MYR, NOBL, NSR, QBK, QORA, QTL, RBY, SDC, UNITY, VOX, XMG
  8. 5% per year. You can check the ANN page link for additional information: https://bitcointalk.org/index.php?topic=679791.0 Additional questions can be answered there or sign up on telegraph. Nav has a great community to assist you. Best Regards
  9. 4/2/17 – pm report Weekly Summary: This week’s up/down crypto will be at the end of this report. *Bitcoin price rises back to $ 1,100. BU losing momentum so will need to find another source to drive price down. *NAV has a great week with additional updates (My RaspberryPI will should arrive early this week) Exciting year ahead. See update below. *XRP (yes Ripple) gets with the program. I sold a lot yesterday and today. I no longer feel like a twitter investor! Buy back soon. Gold ends Q1 slightly down overall, but will Brexit be the next fuel to drive prices up? Stock market takes some hits and with all the bad news can it continue to move up? Saudi Arabia still planning the sale of its oil assets (Aramco) next year and will do anything to drive the price of oil up to cash in, so what will they do next? Oh it is a great time to make money so let’s get this rolling… Top 5 Performing Gold Equities (among 101 listed on the various gold indices) Company Symbol Time(EST) Price Change $ Change % Harmony Gold Mining Co Ltd JSE:HAR 31Mar17 3285.00 ZAc +313.00 +10.53% Eco Oro Minerals Corp TSX:EOM 15:39 0.65 CAD +0.06 +10.17% Comstock Metals Ltd. CSL.V 14:51 0.16 CAD +0.01 +6.67% Kerr Mines Inc TSX:KER 15:56 0.18 CAD +0.01 +6.06% Paramount Gold Nevada Corp NYSE MKT:PZG 31Mar17 1.69 USD +0.09 +5.63% New York Spot Price IS CLOSED (Will open in 16 hrs. 7 mins.) Market Alerts Metals Date Time (EST) Bid Ask Change Low High GOLD 03/31/2017 17:01 1249.20 1250.20 +6.70 +0.54% 1239.90 1251.40 SILVER 03/31/2017 17:01 18.23 18.33 +0.14 +0.77% 18.00 18.34 PLATINUM 03/31/2017 17:01 948.00 953.00 +1.00 +0.11% 934.00 954.00 PALLADIUM 03/31/2017 17:01 797.00 802.00 +3.00 +0.38% 789.00 805.00 RHODIUM 03/31/2017 17:01 925.00 1025.00 +15.00 +1.62% - - Gold: The floor appears to be at $ 1,204. Short drops do not last and price looks stable here. Still hoping for a run below $1,200. Get ready for this week jobs, investing reports. Silver: Overall price has no drama to follow. This year will continue a small trend up. Excellent week for me on the coin collection front with the trade show purchases. Had a great time meeting other investors and coin enthusiasts. So many more folks came from long distances for the show and everything went great. Thanks to all, nice to see so many ladies involved! (Kitco News) - Gold is preparing to end its third week in positive territory but with prices down from one-month highs, damage has been done to the market’s short-term momentum, according to some analysts. According to commodity analysts at Capital Economics, silver prices have surged as industrial demand in base metals has seen persistent strength. According to one analyst, silver’s outperformance could be a positive sign for gold in the long-term. “Right now from a technical perspective, gold and silver are trading in no-man’s land,” said Mark Valek, fund manager at Incrementum AG, and one of the authors of the annual In Gold We Trust report. “However, I think we could see a move in a couple of weeks as I see silver’s performance confirming gold’s uptrend.” In the near-term, Valek said that until there is a breakout, gold and silver will remain stuck in their respective channels and continue base-building. It’s All About The USD Many analysts have noted that gold’s inability to break above its 200-day moving average or even break above February’s high has been disappointing and could indicate that prices will test the bottom of its recent range next week. “Gold has a strong inverse correlation with the U.S. dollar. Right now looks like the metals momentum has turned down,” said Darrin Newsom, senior analyst at Telvent DTN. “I wouldn’t be surprised to see lower prices next week.” Colin Cieszynski, senior market analyst at CMC Markets Canada, said that he also sees the potential for near-term weakness in the gold market and is watching the U.S. dollar closely. “The price and momentum indicators suggest the price has peaked for now and is rolling over. Meanwhile, the US Dollar Index is bouncing back above 100.00,” he said. The U.S. dollar saw renewed strength this past week as a gaggle of Federal Reserve regional presidents have provided generally supportive statements on the U.S. economy, even if the outlook for future rate hikes remains mixed. Analysts expect that data next week, including Friday’s nonfarm payrolls report, to have the biggest impact on the U.S. dollar and gold prices. Early economist forecasts are calling for employment growth of around 200,000. A strong employment report would strengthen the U.S. dollar as it would support further rate hikes from the U.S. Federal Reserve, which in turn would be negative for gold. Fed comments this past week have helped to raise market expectations for the next rate hike. CME 30-Day Fed Fund futures are pricing in a 55% chance of a rate hike in June; further out, markets are also pricing in a 55% chance of a third 25 basis-point move. But Don’t Count Out Gold Just Yet Chris Vecchio, senior market strategist at DailyFX.com, said that he remains fairly constructive on gold as the metal has been fairly resilient in the face of a stronger U.S. dollar. He added that the U.S. dollar and gold will be sensitive to U.S. deficit and budget talks that need to start next week. If Washington politicians aren’t able to pass funding legislation to raise the debt ceiling, the government could shut down as early as April 28. “The odds of a government shutdown are growing and I think this is going to weigh on the U.S. dollar,” he said. “Political risks are keeping a strong bid under gold. Ultimately expanding deficits this year will put the country at risk of a downgrade and that will significantly hurt the U.S. dollar and drive gold higher.” Vecchio also said that seasonal factors could also support gold in a weak-U.S. dollar environment. He explained that historically, April is the third worst month for the U.S. dollar, behind December and September. However, while he sees potential for gold, Vecchio said that he is waiting for a breakout before he jumps into the market. “Right now, gold is trading in a wide range. To keep it simple: If prices break above $1,264 then I am long; if prices break below $1,194, I am short. Anything in between, I am sitting on my hands.” Levels To Watch It’s not just Vecchio who is watching $1,264 an ounce, which marks the February high. Most analysts agree that this is the price level that needs to break on gold’s journey back to $1,300 and potentially new multi-year highs. Valek said that while he is optimistic on gold, his firm is waiting for prices to break $1,300 before they increase their bullish stance. On the downside, most analysts are watching support at $1,228 an ounce, which represents gold’s 50-day moving average. Newsom said that a break below that would lead to a test of the next support level at $1,210 an ounce. Newsom added that as long as prices remain above $1,198, the yellow metal’s long-term uptrend, established at the start of the year, is still in place. “Ultimately, the charts show the long-term trend for the U.S. dollar is bearish and the long-term trend for gold remains bullish,” he said. The Final Say… While next week’s main event will be Friday’s U.S. jobs report, there will be plenty of important data that could increase volatility in markets. Markets will receive the ISM manufacturing report for March on Monday while the service sector report will be released Wednesday. Also on Wednesday is the ADP private-payrolls report, which is used as a barometer ahead of the official government numbers. The Federal Reserve will also release the minutes on Wednesday of its March monetary policy meeting. A hawkish tone in the minutes would be negative for gold because markets could start to price in more rate hikes than are currently expected. Commodities Report 4-2-17 Energy New York Mercantile Last Change % Change 52-week price range Last Update Oil (Light Crude) May 2017 contract $ / barrel 50.85 +0.25 +0.49% 35.24 Today||| 55.24 Mar 31 Heating Oil May 2017 contract $ / gallon 1.58 +0.0022 +0.14% 1.07 Today||| 1.76 Mar 31 Natural Gas May 2017 contract $ / million BTUs 3.19 +0.002 +0.06% 1.87 Today||| 3.90 Mar 31 Unleaded Gas May 2017 contract $ / gallon 1.70 +0.0011 +0.06% 1.27 Today||| 1.78 Mar 31 Brent Crude June 2017 contract $ / barrel 53.72 +0.19 +0.35% 37.28 Today||| 58.37 Mar 31 s = Floor trades settled Metals New York Mercantile Last Change % Change 52-week price range Last Update Gold June 2017 contract $ / troy ounce 1,251.60 +0.40 +0.03% 1,124 Today||| 1,378 Mar 31 Silver May 2017 contract $ / troy ounce 18.28 +0.019 +0.10% 14.90 Today||| 21.20 Mar 31 Platinum July 2017 contract $ / troy ounce 953.00 +0.60 +0.06% 888.70 Today||| 1,200 Mar 31 Copper May 2017 contract $ / pound 2.66 +0.003 +0.11% 2.01 Today||| 2.82 Mar 31 s = Floor trades settled Agriculture Chicago Board of Trade Last Change % Change 52-week price range Last Update Corn May 2017 contract ¢ / bushel 3.65 +0.005 +0.14% 314.75 Today||| 439.25 Mar 31 Soybeans May 2017 contract ¢ / bushel 9.45 -0.0125 -0.13% 901.00 Today||| 1,209 Mar 31 Wheat May 2017 contract ¢ / bushel 4.27 +0.005 +0.12% 386.75 Today||| 524.00 Mar 31 s = Floor trades settled Meat & Livestock Chicago Mercantile Last Change % Change 52-week price range Last Update Lean Hogs June 2017 contract ¢ / pound 73.92 -0.075 -0.10% 40.70 Today||| 90.11 Mar 31 Live Cattle June 2017 contract ¢ / pound 1.11 0.00 0.00% 96.10 Today||| 124.90 Mar 31 Feeder Cattle May 2017 contract ¢ / pound 1.32 -0.003 -0.23% 114.65 Today||| 156.07 Mar 31 s = Floor trades settled Consumer New York Mercantile Last Change % Change 52-week price range Last Update Cocoa March 2018 contract $ / metric ton 1,984.00 -156.00 -7.29% 1,869 Today||| 3,242 Mar 30 Coffee March 2018 contract ¢ / pound .00 -150.65 -100.00% 119.30 Today||| 174.35 Mar 30 Cotton March 2018 contract ¢ / pound 73.75 +0.31 +0.42% 58.75 Today||| 76.74 Mar 31 Sugar #11 May 2017 contract ¢ / pound 17.86 +1.05 +6.25% 14.55 Today||| 23.27 Mar 30 Exchange Rates 4-2-17 Exchange Rates Live Spot Gold in USD vs Major Currencies Currency Chg% X=1$USD NY Time X= 1$USD X$USD =1 Gold Price/oz Gold Chg Gold Chg% USA Dollar -- 04/02-17:13 -- -- 1249.20 0.00 0.00% Australian Dollar +0.07% 04/02-17:10 1.3099 0.7634 1636.26 -1.50 -0.09% Brazilian Real +0.00% 03/31-17:00 3.1181 0.3207 3895.13 -11.12 -0.28% British Pound -0.08% 04/02-17:12 0.7967 1.2553 995.18 -0.62 -0.06% Canadian Dollar +0.11% 04/02-17:10 1.3309 0.7514 1662.50 -1.75 -0.11% Chinese Yuan +0.00% 03/31-11:31 6.8860 0.1452 8601.99 -2.75 -0.03% Euro +0.00% 04/02-17:12 0.9383 1.0658 1172.06 -1.37 -0.12% Hong Kong Dollar 0.00% 04/02-15:50 7.7711 0.1287 9707.66 +0.50 +0.01% Indian Rupee +0.00% 03/31-09:22 64.8600 0.0154 81023.11 +6.25 +0.01% Japanese Yen +0.00% 04/02-17:11 111.3900 0.0090 139148.39 0.00 0.00% Mexican Peso +0.00% 03/31-17:00 18.7239 0.0534 23389.90 0.00 0.00% Russian Ruble +0.00% 03/31-16:59 56.2578 0.0178 70277.24 +0.75 +0.00% South African Rand +0.36% 04/02-17:12 13.3763 0.0748 16709.67 -65.40 -0.39% Swedish Krona +0.04% 04/02-15:03 8.9659 0.1115 11200.20 -3.75 -0.03% Swiss Franc +0.08% 04/02-17:12 1.0023 0.9978 1252.01 -1.12 -0.09% THIS WEEKS CRYPO --- speculation: Again, please do your own research. So many ongoing pumps from low volume coins to look out for last week. This will continue with the volatility of bitcoin. NAV also had a good run with more good news to follow! UP: BTC – Price back up to $ 1,100. Waiting for some panic and a quick fall below $1000 to buy. Sell price for me above $1,275. TIME (Chrono) – Fell to $7.82 so I jumped in. Waiting for a fall to lower $7 range for larger buys. New updates, white paper coming. Bytecent – Currently .09. Made a great move last week after I purchased at 6015 moved up to 15000+. Waiting for a nice drop again. Monero – Currently $20. Still has not made a big move. A lot of up and down movement. LBC – Currently $.05 (5067) Fast in and out. Not big moves, just profitable runs. Can this work 3 weeks in a row? VIA – Currently $.10 (9330) Starting to look like this is close to the bottom. I was targeting 8000 range. Watching close. Down: ETH – Currently $48.79. Waiting for the fall back, I would be looking for drops below $40, but feeling a dump on the horizon. Shift – Currently 16161. Rode from 3300 to 25000. Slowly fades down, but has a long ride down. Dash – Currently $60. Not a believer in Dash, but the rise to $100+ was impressive. Continues to fall back to reality. Buy at your own risk. SDC – Currently $1.67. I will be following closely, watching price and volumes. Feeling like $1.50 may be possible then up it will go. ARK – Currently 5016 ($.055). Waiting for another drop to set my orders below 3800. XRP – Currently 5678. Pumped great, I am down to very little Ripple left. Will look for it again back in the 2000 and lower range. Chances are: ShadowCash – Platform change (PARTICL) announcement has made price volatility spikes a great opportunity for profit, but what a cost to spring this announcement on your supporters with no notice (-50%). Check for updates often, great value here. BTC will continue trending up this year. I see at least $ 1,500 or higher by years end. Hard fork news will drive prices down short term. On the Watch for: BCY – These guys are unbelievable. If you are into gaming look into BitCrystals. Picking up in the 14000-15000 range is great (hold). Someone is currently dumping a lot of BCY (1 wallet / 2 million). My guess is the price could go lower so watch trend line. Price still holds up in the 19000 range unfortunately. MAID – I keep waiting for Maidsafe to make a move. Charts have been showing it below value for 4 weeks. ARK – Buy on a drop-just hold. Total supply of 125 million is high yet volumes show not many care. Front end advertising blitz worked. NAV – After a very good run you will see a sell off from the late buyers into the rise. Price will fall so be ready to buy. As always feel free to comment on any topic or request additional markets to add for the discussion. Investing is an art form to me. A good plan, research and timing will increase your chances of success. No troll box investment tips could replace this formula. Remember charts don’t lie, people do. Thank you and have a profitable week!
  10. until
    Our Lead Developer Craig MacGregor is speaking at the Bloktex Conference in Kuala Lumpur on the 8th & 9th of April. http://bloktex.com/conference Use promo code: CLBLOKTEX... to get 25% off the Conference tickets ( MYR 675 only ) Due to overwhelming requests from various international interested Fintech communities and organizations, we have extended our early birds ticket price date to 25th March 2017. We would like to thank you for your support. See you at Bloktex 2017!
  11. 3/26/17 – pm report (posted early due to schedule) Weekly Summary: This week’s up/down crypto will be at the end of this report. Bitcoin price drops due to hard fork news continues, but an excellent time to buy. Altcoin markets are moving all over the place with new coins (ARK, DYN, TKS, etc...) launching as well. I will keep the BTC hard fork info. Listed this for 1 more week. Gold prices continue their move up with fears of the stock market pull backs, negative political issues, US dollar confidence index dropping slightly along with economic/job data reports. What will happen this week? Where is the best value at? Note that I always try to cater investment information towards smaller crypto investors and beginners. BTC meeting this week with key players to discuss fork update. You will not see much news about this so be careful of anyone who claims to have inside information. Price volatility ongoing. Another busy week to review so let us just get to it. News from the 3-19-17 report: BTC hard fork update: Just under $2 billion has been wiped off the value of bitcoin (Exchange: BTC=-USS) in under three days as a fight over the future of the technology underpinning the cryptocurrency wages on. Bitcoin was trading at around $1,142.60 at time of publication, giving it a market cap of $18.53 billion, according to CoinDesk data. This is down from highs of $1,255.32 on Tuesday, which valued the total bitcoin pile at $20.36 billion. Meanwhile, rival cryptocurrency ether is up over 84 percent from highs of $29.87 on Tuesday to trading at all-time highs of around $55 on Friday, according to Coinmarketcap.com. The market capitalization shot from $2.68 billion to $4.95 billion. It is the only other cryptocurrency to be valued at over $1 billion. Much of the inverse price movement stems from traders' worries over the future of bitcoin and the underpinning blockchain technology. What's happened? To understand the issue, it's key to look at how bitcoin transactions are processed. Transactions by users are gathered into "blocks" which is turned into a complex math solution. So-called miners, using high-powered computers work these solutions out to determine if the transaction is possible. Once other miners also check the puzzle is correct, the transactions are approved and the miners are rewarded in bitcoin. But there's a massive backlog of transactions in bitcoin that are waiting to happen. The number of outstanding transactions is up more than four times from just six months ago, according to data from bitcoin wallet Blockchain. This is bad for a system that has promised fast and cheaper transactions than the traditional financial system. Because of this, a group called Bitcoin Unlimited has emerged. This faction is suggesting increasing the size of the block which would allow more transactions to be bunched together and processed. Major bitcoin industry players including Roger Ver have backed the plan. But some developers in the community suggest that increasing the block size could be unsafe. What's this about a fork? The real concern is if Bitcoin Unlimited gains major support, it could have an impact on the underlying blockchain technology that supports bitcoin. Bitcoin Unlimited has about an 11 percent market share of all the "nodes" in existence. Nodes are the backbone of bitcoin's infrastructure and refer to those mining the transactions as well as those tracking the movement of bitcoin to make sure it is all working correctly. Nodes can run Blockchain Unlimited software which would signal their support for increasing the block size. If 50 percent of bitcoin miners adopted Bitcoin Unlimited, there would then be two major blockchains and a "fork" would be created made of Bitcoin Core, the current main software behind the infrastructure, and Bitcoin Unlimited. Both blockchains would continue to run as long as there are nodes running them. But there would then be essentially two different coins – Bitcoin and Bitcoin Unlimited. So why has the price fallen? And this is why bitcoin has seen sharp declines in price, while other cryptocurrencies like ether have gained support. "Bitcoin traders may have wanted to offset some of their exposure should a fork occur or the scaling deadlock continue, and ether seems to be the most promising alternative. Bitcoin-ether volumes have surged since and are currently rivaling bitcoin-fiat currency trading liquidity," Aurélien Menant, founder and CEO of Gatecoin, a regulated blockchain assets exchange based in Hong Kong, told CNBC by email on Friday. Exchanges respond to this news: March 17, 2017 Our Position on the Possible Hard Fork As stated in the recently-published hard fork contingency plan, Poloniex agrees that any contentious hard fork must include replay attack protection. Without this, exchanges cannot continuously and properly operate. Why can’t we pause markets until a "winner" emerges? Unlike a planned fork where the block height is known, Bitcoin Unlimited can activate at an unknown date and time; therefore it is not possible to plan for such an event. Are you going to support Bitcoin Unlimited or Bitcoin Core? We will support Bitcoin Core continuously as BTC. In line with our current internal policy, if you have Bitcoin on balance at the time of the fork, we will make Bitcoin Unlimited available for withdrawal provided it is safe to do so. At a minimum, any new fork must include built-in replay protection. Without replay protection, we would be unable to preserve customers' Bitcoin Unlimited without halting Bitcoin withdrawals, which is unfeasible. At this time, we have not determined whether or not we will be listing Bitcoin Unlimited. What if I have my Bitcoin on loan at the time of the fork? If you have Bitcoin on loan at the time of the fork, you do not have it on balance and therefore you cannot receive corresponding Bitcoin Unlimited. Why not? When someone borrows coins, they typically borrow them to sell immediately on the spot market to counterparties who cannot possibly be aware that the coins they bought came from someone who borrowed them. Spot traders unambiguously own their purchases, and are the rightful recipients of the coins on the new chain and they can do with them what they like, whether that is selling them to others or taking them off of the platform entirely. The terms of the loan dictate that you will receive the same number and type of coins you loaned within X days plus the agreed upon interest. - The Poloniex team 3-24-17 Review Bitcoin enthusiasts will have noticed there is a lot of discussion regarding network nodes. It turns out things are not as black-and-white as assumed at first. A new graph goes to show over 93% of network nodes supporting Bitcoin Core. Not all of the nodes actively signal for SegWit, but the overall trend should not be ignored. An interesting statistic that deserves a lot more attention. The bitcoin network has far more nodes than people anticipate. In fact, there are quite a few types of network nodes that hardly ever get mentioned. Breadwallet, Bitcoin wallet for Android, and Bitcoin Knots nodes are just some examples. Although these instances do not support either SegWit or Bitcoin Unlimited, that does not mean they can be ignored. In fact, they are all valuable additions to the ecosystem. Most people are only interested in the number of BU and SegWit nodes. It appears there are 1,411 BU-capable nodes, which is quite a significant number. Additionally, there are 251 Bitcoin Classic nodes in operation today. While those numbers may sound great, they pale in comparison to overall Bitcoin Core nodes. Contrary to what people assume, there are 53,310 Bitcoin Core nodes in operation to this very date. This translates to 93.22% of all network nodes supporting Bitcoin Core Plenty of Bitcoin Core Nodes To Go Around This does not mean all of these Bitcoin Core nodes actively signal for SegWit, though. Instead, only a minority seem to do so at this time. Additionally, it is important to take into account spinning up extra nodes is not all that difficult. It is possible a lot of these nodes are running on a cheap VPS plan somewhere. Moreover, these numbers also include full network nodes with closed ports. It is not surprising these numbers put the Bitcoin Unlimited node numbers in a bad daylight. After all, a lot of nodes are not even supporting that project right now. In fact, Bitcoin Core has a much firmer grip on the node ecosystem than people would give it credit for at first. While it is feasible for big miners to build node farms with ease, these numbers still seem to indicate Core is the right way to go. Then again, this chart also highlights potential centralization efforts of node farms, which isn’t a good sign. If all of these other network nodes would signal SegWit support, things may look very different. Then again, it would still be up to individual miners to show support as well. Until the 95% activation threshold is reached, the status quo will continue. Metrics like these are certainly interesting, although it does not address the stalemate in the ecosystem. It does show there is much more to the bitcoin ecosystem than meets the eye, though. New York Spot Price Metals Date Time (EST) Bid Ask Change Low High GOLD 03/24/2017 17:01 1242.90 1243.90 -1.70 -0.14% 1242.10 1252.50 SILVER 03/24/2017 17:01 17.74 17.84 +0.18 +1.03% 17.49 17.86 PLATINUM 03/24/2017 17:01 962.00 967.00 +1.00 +0.10% 955.00 972.00 PALLADIUM 03/24/2017 17:01 807.00 812.00 +7.00 +0.88% 803.00 819.00 RHODIUM 03/24/2017 17:01 910.00 1010.00 +10.00 +1.10% - - Gold: The floor appears to be at $ 1,196 my plan is to hold on any large buys until the end of the month. No purchases last week. It is getting close so hoping for a quick drop to around $ 1205-1210 range to jump in. Will be attending an auction trade show next week with several other investors. Silver: Purchase of the unknown roll of early Morgan Dollars turned out to be decent. Several coins were in good conditions with 5 coins added to this collection that were missing. Currently I will need 44 more to complete the Morgan Dollar collection and have every year/mint covered out of the 96 made. Year to date London historical prices this year. LONDON FIX HISTORICAL DATA Date Gold Silver Platinum Palladium AM PM - AM PM AM PM 3/24/2017 1244 1247.5 17.63 959 964 803 816 3/23/2017 1247.9 1247.5 17.55 962 963 793 803 3/22/2017 1246.1 1249.05 17.58 967 967 781 793 3/21/2017 1232.05 1241.6 17.31 963 973 784 788 3/20/2017 1233 1232.4 17.23 964 962 774 777 3/17/2017 1228.75 1229.6 17.4 955 960 771 778 3/16/2017 1225.6 1229.35 17.46 962 956 764 769 3/15/2017 1202.25 1198.8 16.91 940 933 748 744 3/14/2017 1203.55 1204.6 17 937 - 749 747 3/13/2017 1207.8 1204.2 17.02 945 937 752 750 3/10/2017 1196.55 1202.65 16.89 940 942 746 752 3/9/2017 1204.6 1206.55 17.14 948 944 759 754 3/8/2017 1213.3 1209.2 17.4 957 952 767 766 3/7/2017 1223.7 1216.65 17.7 970 966 770 770 3/6/2017 1231.15 1230.95 17.81 - 985 772 771 3/3/2017 1228.75 1226.5 17.66 988 987 767 756 3/2/2017 1243.3 1238.1 18.33 1011 1001 776 774 3/1/2017 1246.05 1240.4 18.33 1027 1015 778 775 2/28/2017 1251.9 1255.6 18.28 - 1029 783 781 2/27/2017 1256.25 1257.2 18.34 1026 1033 773 784 2/24/2017 1255.35 1253.65 18.27 1015 1027 779 786 2/23/2017 1237.35 1247.9 18 995 1014 766 779 2/22/2017 1237.5 1236.65 18 1003 999 783 774 2/21/2017 1228.7 1233.2 17.89 993 988 763 767 2/20/2017 1235.35 1237.3 17.98 1001 1002 775 777 2/17/2017 1241.4 1241.95 18.005 1014 1010 791 793 2/16/2017 1236.75 1240.55 18.1 1012 1013 790 791 2/15/2017 1225.15 1224.4 17.88 998 992 780 783 2/14/2017 1229.65 1230.75 17.905 1000 1004 778 782 2/13/2017 1229.4 1222.25 17.97 1007 999 776 778 2/10/2017 1225.75 1228.3 17.62 1003 993 774 781 2/9/2017 1241.75 1236.8 17.715 1020 1019 773 777 2/8/2017 1235.6 1242.1 17.74 1011 1016 770 769 2/7/2017 1231 1231 17.6 1005 1007 755 - 2/6/2017 1221.85 1226.75 17.6 1008 1012 764 768 2/3/2017 1213.05 1215.2 17.28 992 992 749 747 2/2/2017 1224.05 1221.95 17.71 1003 1004 759 767 2/1/2017 1210 1203.65 17.6 996 994 764 759 1/31/2017 1198.8 1212.8 17.29 987 991 750 756 1/30/2017 1189.85 1192.8 17.1 978 979 728 730 1/27/2017 1184.2 1184.85 16.7 970 965 713 722 1/26/2017 1191.55 1189.7 16.86 981 972 737 717 1/25/2017 1203.5 1195 16.93 990 993 783 762 1/24/2017 1213.3 1216.8 17.105 - 986 777 785 1/23/2017 1213.75 1212.85 17.14 979 981 786 787 1/20/2017 1199.1 1200.55 16.89 955 963 752 761 1/19/2017 1203.35 1196.05 16.95 964 956 749 751 1/18/2017 1212.5 1214.75 17.12 974 968 745 743 1/17/2017 1217.5 1216.05 17 994 988 751 759 1/16/2017 1202.75 1203 16.82 983 984 740 745 1/13/2017 1196.35 1190.35 16.76 975 971 754 746 1/12/2017 1206.65 1205.05 16.91 990 981 755 758 1/11/2017 1187.55 1178.55 16.79 980 977 761 748 1/10/2017 1183.2 1189.5 16.665 971 973 755 759 1/9/2017 1176.1 1178.5 16.52 971 976 756 760 1/6/2017 1178 1175.85 16.45 968 959 744 745 1/5/2017 1173.05 1176.7 16.59 952 967 730 - 1/4/2017 1165.9 1164.25 16.42 942 948 724 738 1/3/2017 1148.65 1151 15.95 906 929 684 706 Twenty-three market professionals took part in a weekly Wall Street survey. Fifteen voters, or 65%, see gold prices rising by next Friday. Three, or 13%, said lower, while five voters, or 22%, look for a sideways market. Meanwhile, 1,286 Kitco readers submitted votes in an online Main Street poll. Nine hundred voters, or 70%, are bullish. Another 237, or 18%, say that gold will fall, while 149, or 12%, are neutral. In last Friday’s survey for the current week, 61% of Wall Street voters and 69% of Main Street voters predicted gold would rise. As of 11:03 a.m. EDT, Comex April gold was 1.4% higher for the week at $1,247.30 an ounce. So far in 2017 but not counting the current week, Wall Street called gold’s direction correctly eight of 11 times for a winning percentage of 73%, while Main Street was 6-5 for 55%. Several observers cited dollar weakness as a factor likely to help gold again. “The U.S. dollar is beginning to struggle,” said Adam Button, currency analyst with Forexlive.com. “The dollar is looking weak right now,” echoed Charlie Nedoss, senior market strategist with LaSalle Futures Group. “A lot of the Fed stuff (expected monetary tightening) has been priced into the dollar.” “The dollar and stock market are not doing that great (lately),” said Afshin Nabavi, head of trading at trading house MKS (Switzerland) SA. Gold prices pulled back when they could not break above $1,250 an ounce convincingly, he pointed out. “But it couldn’t break on the downside either…. We are seeing higher lows. That, generally speaking, tends to translate into prices going higher.” Jim Wyckoff, senior technical analyst with Kitco, also said higher. “Bulls still have technical momentum,” he added. Sean Lusk, director of commercial hedging Walsh Trading, looks for gold gains amid some of the uncertainty facing markets, including congressional consideration of a U.S. health-care law. A key for the metal, he added, will be whether stocks resume their ascent. He looks for the Federal Reserve to hold off on further rate hikes until inflation picks up more. “I don’t see too many reasons to be short (bearish) right now,” Lusk said. “Funds are still net long, but their length is not close to what it has been the last six months….The path of least resistance remains higher.” Jordan Roy-Byrne, newsletter writer with The Daily Gold, is among those who looks for gold to move lower next week. “The gold stocks usually lead the metal, and the stocks have twice failed at their 50-day moving average,” he said. “Absent some volatility from the health-care vote, the short-term trend could be shifting to lower.” Kevin Grady, president of Phoenix Futures and Options LLC, also looks for gold to fall back as some traders exit ahead of first-notice day for the April gold futures next week. “We noticed probably about 15,000 lots of new longs coming in the last two days here,” Grady explained. “We need to break the $1,257 level, which is big for gold. We haven’t been able to get above it. I think some of these longs – they’re all in the April contract – are going to liquidate some of these positions rather than roll them, especially if we can’t get above $1,257.” Exchange Rates 3-25-17 Exchange Rates Live Spot Gold in USD vs Major Currencies United States Dollar Hong Kong Dollar Australian Dollar Indian Rupee Brazilian Real Japanese Yen British Pound Mexican Peso Canadian Dollar Russian Ruble Chinese Yuan S. African Rand Euro Swiss Franc Currency Chg% X=1$USD NY Time X= 1$USD X$USD =1 Gold Price/oz Gold Chg Gold Chg% USA Dollar -- 03/25-14:35 -- -- 1242.90 0.00 0.00% Australian Dollar +0.00% 03/24-17:10 1.3118 0.7623 1630.37 -0.19 -0.01% Brazilian Real +0.00% 03/24-17:00 3.1031 0.3223 3856.84 0.00 0.00% British Pound +0.00% 03/24-17:00 0.8015 1.2477 996.12 0.00 0.00% Canadian Dollar +0.00% 03/24-17:00 1.3382 0.7473 1663.19 0.00 0.00% Chinese Yuan +0.00% 03/24-11:28 6.8821 0.1453 8553.76 +0.00 +0.00% Euro +0.00% 03/24-17:00 0.9255 1.0806 1150.24 0.00 0.00% Hong Kong Dollar +0.00% 03/24-17:01 7.7664 0.1288 9652.80 0.00 0.00% Indian Rupee +0.00% 03/24-13:26 65.4250 0.0153 81316.73 -18.64 -0.02% Japanese Yen +0.00% 03/24-17:00 111.3450 0.0090 138390.70 +6.21 +0.00% Mexican Peso +0.00% 03/24-17:07 18.7550 0.0533 23310.59 -1.86 -0.01% Russian Ruble +0.00% 03/24-16:59 56.9488 0.0176 70781.66 -6.84 -0.01% South African Rand +0.00% 03/24-16:59 12.4396 0.0804 15461.18 +4.85 +0.03% Swedish Krona +0.00% 03/24-16:59 8.8144 0.1135 10955.42 +0.93 +0.01% Swiss Franc +0.00% 03/24-16:59 0.9915 1.0086 1232.27 0.00 0.00% THIS WEEKS CRYPO --- speculation: Again, please do your own research. So many ongoing pumps from low volume coins to look out for last week. This will continue with the volatility of bitcoin. NAV also had a good run with more good news to follow! UP: BTC – Picking up below $900 (hit at 899.99) so added 3 more btc last week (maybe time to stock up my NAV wallet?) ETH – Pick up fast on the drops. You can pat yourself on the back for moving back to ETH. New update announcement will push up. Monero – Still has not made a big move. Value here when this train starts to move. LBC – Fast in and out. Repeat…Not big moves, just profitable runs. Down: Shift – Still rising fast. Rode from 3300 to 25000. Hope it continues, but appears to be topping out. Profits over 4 btc not bad. Decred – I took my profits last week and waited for a fall back. It did not so I missed another 15-20% (oh well, ETH was good). SDC – I will be following closely, still not sure where the bottom is yet (currently at 177000). Watching price and volumes. Waves – Did it finally break through?? Currently over 31000 with excellent volumes. I prefer not losing money when I am wrong. ARK – What a great time I stepped into buy up between 3100-3600. Currently at 8406 and dropping. Sold most at 9000, but still have. Pivx – Another great buy during the rise and falls. Hype was unbelievable, but I bought near 56000 and sold all from 88000 to 92000 Chances are: The low volume markets are being pumped like crazy. Why, because it works and fools still rush in to buy into the hype. Do your homework and keep in mind you cannot lose money you never had! I do not disclose markets being pumped, but know guys who are just too good at it. ShadowCash – Platform change (PARTICL) announcement has made price volatility spikes a great opportunity for profit, but what a cost to spring this announcement on your supporters with no notice (-50%). Check for updates often, great value here. BTC will continue trending up this year. I see at least $ 1,500 or higher by years end. Hard fork news will drive prices down short term. On the Watch for: BCY – These guys are unbelievable. If you are into gaming look into BitCrystals. Picking up in the 14000-15000 range is great (hold). Someone is currently dumping a lot of BCY (1 wallet / 2 million). My guess is the price could go lower so watch trend line. MAID – I keep waiting for Maidsafe to make a move. Charts have been showing it below value for 3 weeks. ARK – Buy on a drop-just hold. Total supply of 125 million is high yet volumes show not many care. Front end advertising blitz worked. As always feel free to comment on any topic or request additional markets to add for the discussion. Investing is an art form to me. A good plan, research and timing will increase your chances of success. No troll box investment tips could replace this formula. Remember charts don’t lie, people do. Thank you and have a profitable week!
  12. Launch Nav Coin 4.0.0, Nav Pi Stake Box & Navtech 1.1
  13. Launch new Nav Coin website and Press Releases about the software launch
  14. 3/19/17 – pm report Weekly Summary: This week’s up/down crypto will be at the end of this report. Bitcoin hard fork news has upset volumes and price driving up several altcoin markets. What is the bitcoin hard fork and how will It change the crypto landscape? Did ETH and ETC have similar hard fork? There is a lot to review so let’s start with the cost impact. BTC hard fork update: Just under $2 billion has been wiped off the value of bitcoin (Exchange: BTC=-USS) in under three days as a fight over the future of the technology underpinning the cryptocurrency wages on. Bitcoin was trading at around $1,142.60 at time of publication, giving it a market cap of $18.53 billion, according to CoinDesk data. This is down from highs of $1,255.32 on Tuesday, which valued the total bitcoin pile at $20.36 billion. Meanwhile, rival cryptocurrency ether is up over 84 percent from highs of $29.87 on Tuesday to trading at all-time highs of around $55 on Friday, according to Coinmarketcap.com. The market capitalization shot from $2.68 billion to $4.95 billion. It is the only other cryptocurrency to be valued at over $1 billion. Much of the inverse price movement stems from traders' worries over the future of bitcoin and the underpinning blockchain technology. What's happened? To understand the issue, it's key to look at how bitcoin transactions are processed. Transactions by users are gathered into "blocks" which is turned into a complex math solution. So-called miners, using high-powered computers work these solutions out to determine if the transaction is possible. Once other miners also check the puzzle is correct, the transactions are approved and the miners are rewarded in bitcoin. But there's a massive backlog of transactions in bitcoin that are waiting to happen. The number of outstanding transactions is up more than four times from just six months ago, according to data from bitcoin wallet Blockchain. This is bad for a system that has promised fast and cheaper transactions than the traditional financial system. Because of this, a group called Bitcoin Unlimited has emerged. This faction is suggesting increasing the size of the block which would allow more transactions to be bunched together and processed. Major bitcoin industry players including Roger Ver have backed the plan. But some developers in the community suggest that increasing the block size could be unsafe. What's this about a fork? The real concern is if Bitcoin Unlimited gains major support, it could have an impact on the underlying blockchain technology that supports bitcoin. Bitcoin Unlimited has about an 11 percent market share of all the "nodes" in existence. Nodes are the backbone of bitcoin's infrastructure and refer to those mining the transactions as well as those tracking the movement of bitcoin to make sure it is all working correctly. Nodes can run Blockchain Unlimited software which would signal their support for increasing the block size. If 50 percent of bitcoin miners adopted Bitcoin Unlimited, there would then be two major blockchains and a "fork" would be created made of Bitcoin Core, the current main software behind the infrastructure, and Bitcoin Unlimited. Both blockchains would continue to run as long as there are nodes running them. But there would then be essentially two different coins – Bitcoin and Bitcoin Unlimited. So why has the price fallen? And this is why bitcoin has seen sharp declines in price, while other cryptocurrencies like ether have gained support. "Bitcoin traders may have wanted to offset some of their exposure should a fork occur or the scaling deadlock continue, and ether seems to be the most promising alternative. Bitcoin-ether volumes have surged since and are currently rivaling bitcoin-fiat currency trading liquidity," Aurélien Menant, founder and CEO of Gatecoin, a regulated blockchain assets exchange based in Hong Kong, told CNBC by email on Friday. Exchanges respond to this news from Poloniex: March 17, 2017 Our Position on the Possible Hard Fork As stated in the recently-published hard fork contingency plan, Poloniex agrees that any contentious hard fork must include replay attack protection. Without this, exchanges cannot continuously and properly operate. Why can’t we pause markets until a "winner" emerges? Unlike a planned fork where the block height is known, Bitcoin Unlimited can activate at an unknown date and time; therefore it is not possible to plan for such an event. Are you going to support Bitcoin Unlimited or Bitcoin Core? We will support Bitcoin Core continuously as BTC. In line with our current internal policy, if you have Bitcoin on balance at the time of the fork, we will make Bitcoin Unlimited available for withdrawal provided it is safe to do so. At a minimum, any new fork must include built-in replay protection. Without replay protection, we would be unable to preserve customers' Bitcoin Unlimited without halting Bitcoin withdrawals, which is unfeasible. At this time, we have not determined whether or not we will be listing Bitcoin Unlimited. What if I have my Bitcoin on loan at the time of the fork? If you have Bitcoin on loan at the time of the fork, you do not have it on balance and therefore you cannot receive corresponding Bitcoin Unlimited. Why not? When someone borrows coins, they typically borrow them to sell immediately on the spot market to counterparties who cannot possibly be aware that the coins they bought came from someone who borrowed them. Spot traders unambiguously own their purchases, and are the rightful recipients of the coins on the new chain and they can do with them what they like, whether that is selling them to others or taking them off of the platform entirely. The terms of the loan dictate that you will receive the same number and type of coins you loaned within X days plus the agreed upon interest. - The Poloniex team My $.02: Follow the money. You can rest assured the exchanges will list BU/BTCU and they are very carefully wording their response while behind the scene they are in position to max. their profits from this fork (In confusion there is profit, right?). We will see volatility for sure, just remember the BTC will continue forward as the dominant market. The dust will settle, sun will shine and exchanges will make money. Just remember all the years of bad news, PBOC, etc… yet look where we are. (Kitco News) - As expected, gold has seen a nice bounce following what analysts described as a dovish hike from the Federal Reserve and now the question that needs to be answered is if gold has enough momentum to push higher. April gold futures, ending a two-week losing streak, settled Friday at $1,230.20 an ounce, up more than 2% from the previous week. March silver futures also saw its first positive weekly gains in two weeks as prices pushed above $17 an ounce. Silver futures settled the week at $17.413 an ounce, up almost 3% from the previous Friday’s close. Phillip Streible, senior market strategist at RJO Futures said that he expects gold will be sensitive to U.S. dollar moves. He added that if the U.S. Dollar Index pushes back below 100 then April gold futures have a chance to push to the firm’s near-term target of $1,250 an ounce. However, if the index pushes back to 102 then gold could give back most of its recent gains. “I think right now you stay long gold as long as prices are above the 50-day moving average, which comes in at $1,218,” he said. “If prices drop below that level then there is a chance this whole bounce is reversed.” What Will Move The U.S. Dollar? Colin Cieszynski, senior market analyst at CMC Markets Canada, said that he is also expecting the U.S. dollar to weaken as U.S. dollar bulls have been forced to adjust their interest rate expectations. He added that ahead of the Fed the market is pricing in four to five rate hikes this year. Although the U.S. dollar is down, it is not out and renewed momentum could be fanned by potentially hawkish comments from Federal Reserve members could fan those flame again, Cieszynski. While U.S. data is light next week, it will be full of Fed speakers, including Chicago Fed President Charles Evans, New York Fed President William Dudley, Dallas Fed President Robert Kaplan, Minneapolis Fed President Neel Kashkari and the Fed Chair herself Janet Yellen. Cieszynski said that he will be listening for any comments regarding the central bank’s balance sheet. “I think there is a chance that the Fed speakers could dial back some of the recent dovish sentiment,” he said. “That would be positive for the U.S. dollar.” Cieszynski, said that he is neutral on gold in the near-term and also sees $1,218 an ounce as the key level to watch in the near-term. Momentum Favors Higher Gold Prices? Greg Harmon, founder of Dragonfly Capital, said that he sees the potential for gold prices to move higher in the near-term. He explained that gold’s momentum has created a Positive RSI Reversal, as the metal’s Relative Strength Index makes a new low and the price doesn’t. “This is a major reset in gold’s momentum that could give it the potential to push to $1,280 an ounce,” he said. However, he added that in the near-term, the market could find some resistance between $1,250 and $1,260. “I think as long as gold stays above $1,200 an ounce it is a buy,” he said. While sentiment in the gold market has improved since the Federal Reserve monetary policy meeting, some analysts are warning investors and traders to be more strategic and look for the right opportunities. Commodity analysts at iiTrader said in a note to clients Friday that at its current price around $1.230, gold looks a little over extended. “We remain long term bulls but do not want to chase a move,” they said. Levels to Watch A lot of eyes are looking to see if gold can hold support at $1,218 an ounce and according to some analysts, a break below this level makes $1,200 an ounce the next major downside target. Some support might be found at $1,210 an ounce, which is the market’s 100-day moving average. On the upside, analysts are also watching $1,250 level as this represents a retracement area from the July highs to the December lows. Some analysts are targeting gold’s 200-day moving average, which comes in at $1,262.60 an ounce. The Final Say… Fed speakers will be the biggest risks to the marketplace; however Cieszynski said that gold could benefit from continued geopolitical risks, especially if there are any major headlines from the Group of 20 meeting in Germany this weekend. THIS WEEKS CRYPO --- speculation: Again, please do your own research. UP: Shift – Still in holding pattern. Rode from 3300 to 8110 sold enough to cover cost and the rest is profit. ETH – Pick up fast on the drops. Monero – Just waiting to pop. Watch volumes this week. LBC – Fast in and out. Repeat… Down: Decred – I took my profits and waiting for a fall back. SDC – I will be following closely this week. Last week was a tremendous drop. Just not sure where the bottom is yet. Waves – Seems to be in a cycle that just will not break out of. Rinse and repeat each month. Chances are: ShadowCash – Platform change (PARTICL) announcement has made price volatility spikes a great opportunity for profit, but what a cost to spring this announcement on your supporters with no notice (-50%). I had a bad feeling last week. BTC will continue trending up this year. I see at least $ 1,500 or higher by years end. Hard fork news will drive prices down short term. As always feel free to comment on any topic or request additional markets to add for the discussion. Investing is an art form to me. A good plan, research and timing will increase your chances of success. No troll box investment tips could replace this formula. Remember charts don’t lie, people do. Thank you and have a profitable week!
  15. 3/12/17 – pm report See attachment for full report with charts: Investment updates for 3-12-17.docx Weekly Summary: This week’s up/down crypto will be at the end of this report. I have received some pretty good feedback so far. Last report touched on the crypto market with a few that I was personally keeping a close eye on. In future reports it will be in my best interest to only list markets that I notice may be trending up or down. Buying into a few crypto markets was tough and I am blaming myself for maybe sharing too much information or just that my luck was not up to my standards. Last report touched on the following: *This week I will be focusing on any price drops in SHIFT for some large buys. (only hit 1 btc worth from 3300 and down) *DASH rise is ridiculous. Repeating this makes me feel better. ($ 77.31 – Is anyone really buying this)? *NAV buys in .038 / .039 range (still needs a big push to reach .05) Small jump today. (.042 currently) - I only buy, do not sell. *DCR currently 241206 (hit 289990) – Watching for 200000-210000 range. (339103) Up 21%+ was able to hit some at 223000 *MaidSafeCoin 12166 – due for one more 10% dip then up she will go up. Now 13800-13900 (Top 5 in volume on polo and hit at 11270) *Factom 2423375 – Small drops recently. No upcoming news, but it will bounce back. (Hit at 205500, sold at 275000) Now at 253438 *BTC $ 1,162 (-$ 50) – Sell off ahead of ETF. Soon after this is denied – catch it on the drop! Drop was awesome 1,040-20 orders filled For what it is worth, I do not want anyone to take the information shared as my way of pumping markets to profit myself or any groups I am associated with. It was only my intention to provide an additional resource to those who would like to have a reference for research on their own. Most of my buys listed above were done after the report was available to all. Why I liked SHIFT: You could easily read the ANN pages, but I have no little bird whispering in my ear. I like the price paid for it, but wanted a lot more. Purchased a few more today at 3650-3700. News should be tomorrow (Monday 3-13-17) BTC drop: Did anyone really not see this coming along with a quick rebound? Currently at $ 1223.5. ETH buy: I made a quick 20 ETH purchase on 3-10-17. Acted fast after price dropped around $ 17. Currently at $ 23.08. How do you start the day? Well if you are a sick twisted individual like me, you look to see how the US dollar is doing as the coffee is brewing. Why bother? The simple answer is whether it is gold, silver, oil, stocks or you name the market, the day will be triggered by a confidence level in the US dollar. So if you have other resources such as following trendsgoogle you may want to start looking closer at this for comparison. https://trends.google.com/trends/explore?q=digital%20currency Gold: We continue to maintain that the biases of the drivers of gold are up and therefore gold’s bias is down. In our view, Friday’s late-day reversal in rates and gold, was short-term profit-taking which is not the trend that we think is in effect. We expect gold to continue weakening as long as rates are on the rise. Watch carefully, I expect the FED raising interest rates my help a short term spike higher for gold. Buy early this week. Silver Report: May silver bears also have the overall near-term technical advantage. Silver bulls’ next upside price breakout objective is closing futures prices above solid technical resistance at $18.00 an ounce. The next downside price breakout objective for the bears is closing prices below solid support at $16.50. First resistance is seen at Thursday’s high of $17.31 and then at $17.57. Next support is seen at the overnight low of $16.855 and then at $16.70. Wyckoff's Market Rating: 3.5. Gold: The floor appears to be at $ 1,182 and my plan is to hold on any large buys until the end of the month. I made a few small purchase at $1,195 for about 15 grams. Still feeling it could go lower, but it now is steady at $ 1,204.5. Buy before FED rate hike. Silver: Added a few Morgan Silver Dollars to my collection (1898 s) was a missing piece. Rare Coins: The Next Level of Diversification Within the physical gold and silver world, there are additional layers of diversification opportunity. Expanding your physical holdings into rare coins could offer increased levels of safety and the potential for even greater price appreciation. While gold bullion or a typical Gold American Eagle coin tends to track the underlying price of gold higher and lower, rare coins can trade at a premium to spot gold. High quality rare coins, or numismatics, have outperformed the price of gold over the past 38 years, according to an academic study by economics Professor Raymond Lombra at Penn State University. Here's what Lombra found: Average Annual Return 1979-2016 Stocks 12.6% Treasury Bonds 8.0% Gold bullion 5.2% Coins (all types – MS65) 11.0% Coins (all types – MS63-65) 9.3% New Demand Source Since 2008 Crisis The rise of Family Offices as an investment force is becoming increasingly known. These family offices, who manage assets for ultra-high-net-worth individuals have turned to both the gold bullion and rare coin market post-2008 global financial crisis in attempt to diversify away from paper investments and to preserve and grow capital. Early U.S. gold coins have a dual capital appreciation stream. First the high gold content level support gains amid rising gold price periods. Second, the premium to gold bullion can escalate dramatically amid the unchanging supply level and increased demand, which is notably emerging from a new crop of buyers in recent years, namely family offices. History of Gold Ownership in America Many gold investors are aware of the events that led up to the dramatic decision in 1933 for President Franklin Roosevelt to suspend the U.S. gold standard. This occurred after a financial crisis triggered Americans to rush to Federal Reserve banks to exchange their paper money for gold. In March 1933, the Federal Reserve Bank of New York could no longer honor its commitment to convert U.S. paper money to gold and President Franklin Roosevelt was forced to declare a banking holiday. From there, FDR issued the now infamous Executive Order, which demonetized gold and required Americans to surrender all gold to a Federal Reserve Bank. The Rare Coin Exemption The Secretary of the Treasury William Woodin was an avid coin collector and is credited for supporting the exception of rare and unusual coins. At that time, Americans were allowed to keep rare and unusual gold coins of "recognizable numismatic value" or collector's items. The provision specified that gold coins minted prior to April 5, 1933 were considered to be of special numismatic value. From that period forward, Americans were prohibited from owing gold coins and bullion, although jewelry was allowed, until 1974 when Congress once again legalized private gold ownership in the U.S. Rare coins can provide both additional layers of safety and opportunity for capital appreciation. What's in your portfolio now? Gold and silver prices are modestly lower in early U.S. trading Friday. Both markets notched new five-week lows overnight. Gold prices slipped below the important $1,200.00 level in overseas trading overnight. The highly anticipated U.S. jobs report came in close to market expectations and the marketplace did not show a big reaction to that news. Gold and silver markets are short-term oversold, technically, and have seen a bit of a mild corrective recovery from the overnight lows in early U.S. dealings. April Comex gold was last down $1.90 an ounce at $1,201.20. May Comex silver was last down $0.016 at $17.02 an ounce. FED rate hike in March. 3/14/17 & 3/15/17 - Announcement will be on 3/15/17 (News leaks may be sooner) Janet Yellen, Fed Chair, hinted that the Fed may raise (88% chance it will up rates) its policy rate target in March, while still holding out the possibility that two more rate increases would soon follow. The first round of French presidential elections is April 23, 2017. Germany’s Angela Merkel’s CDU/CSU party gained and now leads 34 – 32. SPD has named European Parliament president Martin Schultz as its candidate to run against Merkel in the Sept. 24th election. The poll numbers are tight. Will the recent Axe murders impact the polls? Arguably the most important economic report of the week saw the U.S. employment report for February from the Labor Department show the key non-farm payrolls component of the report at up 235,000 workers. That’s just above the forecast of up around 220,000 workers. Numbers were revised up by about 30,000 after a strong ADP jobs report on Wednesday. A feature in the world marketplace late this week has been the sharp drop in crude oil prices—the steepest decline in months. Nymex crude oil futures slumped to a three-month low of $48.59 a barrel Thursday. Price action this week has scored a very bearish downside “breakout” from a sideways and choppy trading range. Another feature this week is higher U.S. and world bond market yields, on notions that inflationary price pressures are rising in the world’s major economies, which provides further evidence the major central banks will have to tighten their monetary policies. European bond yields were also boosted in part on a less-dovish tone on European Union monetary policy delivered by European Central Bank President Mario Draghi on Thursday. Reports Friday said China’s central bank chief has indicated he will now keep a tighter grip on credit to avoid fostering asset bubbles. This is a change of policy that had seen the People’s Bank of China promulgate an expansionary monetary policy over the past few years. The other key outside market on Friday morning sees the U.S. dollar index trading slightly lower on a corrective pullback from recent good gains. The dollar index is still in a price uptrend and has benefitted recently on increasing ideas of a U.S. interest rate hike coming next week. The marketplace is also looking forward to next week’s FOMC meeting, at which time the Federal Reserve is fully expected to raise U.S. interest rates by 0.25%. Other U.S. economic data due for release Friday includes the monthly Treasury budget statement. THIS WEEKS CRYPO --- speculation: Again, please do your own research. UP: Shift – see above for my reasons. ETC – ETH Classic is on my watch list. ETH/Monero – This month could see great growth for both. ETH just surpassed 2 billion market cap, let that sink in a while. Down: ShadowCash – sell off/pull back position time CloakCoin – Benefiting from DASH rise like others. Profit taking soon. Taking a 70% profit is not bad at all. Ripple – Foundation still pisses me off. They focus on Market Share, trying to stay number 3-4 by increasing supply. Good news gets lost. Waves – Seems to be in a cycle that just will not break out of. Rinse and repeat each month. BRX – Breakout stake has risen quickly this morning. Do not get caught buying at the top Chances are: You will see a POT craze very soon. Delisting of numerous coins are overdue on most exchanges. They will most likely be replaced by even less valuable market though. Ripple: I have made a lot of btc on ripple. They have a great vision and show tremendous dedication. Just need to refocus on what they > have and not the current positions on the market Cap. Price was heading back up before increased supply. Why kill your supporters? BTC will continue trending up this year. I see at least $ 1,500 or higher by years end. Thank you to the panic sellers last week! WHOOP coin launches on 3-17-17 (X17) – Have we really sunk this low? https://bitcointalk.org/index.php?topic=1767013.0 As always feel free to comment on any topic or request additional markets to add for the discussion. Investing is an art form to me. A good plan, research and timing will increase your chances of success. No troll box investment tips could replace this formula. Remember charts don’t lie, people do. Thank you and have a profitable week!