News weekly : must read and consider - Saturday, March 6, 2021
-The rising 10-year U.S. Treasury interest rate is causing the gold price to decline. The gold price is inversely correlated to the “real interest rate,” as derived from the 10-year Treasury Inflation Protected Security (TIPS).
Yields To Surge As Biden-Yellen Create Record Deficits
- it looks like the endless creation of fake money by the Fed has now poisoned both the stock market and the bond market.
Banks Turn Away Customer Deposits due to Negative Interest Rates in Germany
- Banks in Germany are reportedly turning away customer deposits due to the negative interest rate imposed on them by the European Central Bank (ECB). Some banks are even offering online tools to help customers take their deposits elsewhere.
If You Are Worried About The Action In Silver & Gold, Just Read This…
- Taper Tantrum Takes a Bite Out of Gold
- Gold Blues as Silver Woos
- February Ends with a Full Blown Tantrum
- The Reflation Narrative Continues to Grow
- Bullish View on Gold Remains Intact
- Rising Volatility Benefits Gold
- Fed Guidance will Impact Short-Term Price Action of Gold
- More Trouble with Bonds, Asset Allocation View
- Bitcoin: Take A Walk on the Wild Side
- Metals Miners: An Attractive Buying Opportunity
President Putin Blasts WEF HONCHOS at the Davos GABFEST
How Billionaires Become Billionaires
- America has the greatest inequalities, highest mortality rate, most regressive taxes, and largest public subsidies for bankers and billionaires of any developed capitalist country.
What the Great Reset Architects Don’t Want You To Understand About Economics
- Business Insider recently reported that the chief economist for the World Bank recently warned that “a financial crisis could emerge from coronavirus’ fallout”. This is a perfect example of an understatement wrapped in a lie.
Market forecast today
Newmont Goldcorp (NYSE: NEM)
Buy, Entry 56.75, Target 93.5 (64.76%), Stop 52 (-8.37%)
Barrick Gold Corp (NYSE:ABX)
Buy, Entry 19.85, Target 35.85 (80.6%), Stop 18.2 (-8.31%)
Agnico Eagle Mines Ltd. (NYSE:AEM)
Buy, Entry 57.17, Target 92.95 (62.59%), Stop 49.8 (-12.89%)
Archer-Daniels-Midland Company (NYSE:ADM)
Buy Entry 57, Target 78.2 (37.19%), Stop 53 (-7.02%)
Visa Inc (NYSE:V)
Buy Entry 216, Target 305 (41.2%), Stop 192 (-11.11%)
Travelers Companies, Inc (NYSE:TRV)
Buy Entry 153, Target 193 (26.14%), Stop 135 (-11.76%)
American Express Company (Amex) (NYSE:AXP)
Buy Entry 147.5, Target 185 (25.42%), Stop 138 (-6.44%)
Mastercard Inc. (NYSE:MA)
Buy Entry 360.88, Target 475 (31.62%), Stop 328 (-9.11%)
Berkshire Hathaway (NYSE:BRK.B)
Buy Entry 253.15, Target 330 (30.36%), Stop 235 (-7.17%)
Google Alphabet Inc. (NASDAQ:GOOGL)
Buy Entry 2097, Target 2395 (14.21%), Stop 1875 (-10.59%)
Gold (XAU/USD)
There are many negative views on gold prices. However, in the big picture, gold prices are on the rise. In the short term, it seems to be at the point of a rebound. In that case, the resistance line is likely to be around 1840. I think it would be better for the trend traders to wait a little longer.
Platinum (CME NYMEX: PL Futures)
Buy, Entry 1128.3, Target 1395 (23.64%), Stop 1085 (-3.84%)