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Any Bitcoin Stocks Pay Dividends? Yeah, Here's a Back Door
Apr 05, 2024
Riddle me this, my fellow contrarian. If the Federal Reserve is really tightening its balance sheet, then why is the stock market already up 10% on the year? Why is gold at all-time highs? And why is bitcoin going completely bonkers? The answer is "quiet QE." As we discussed last summer in this column, Fed Chair Jay Powell's words have sounded hawkish. He and his cronies talked tough about inflation. But look at their actions: the Fed has quietly provided ample liquidity to the financial markets. Which is why dollar hedges like gold and bitcoin have soared. This "Fed pivot" happened in the fall of 2022, during the UK gilt ("gilt" is Brit-speak for bonds) crisis. Remember that? UK pension funds were levered up on "safe" gilts, which began to implode. Uh oh. Central banks sniffed a financial crisis and didn't care for the smell. They reversed course on their monetary tightening and loosened up. Quiet QE. Back in the day, this would have been reflected in higher gold prices. These days, investors are more likely to buy bitcoin as a hedge against money printing. Or a bet on it. Ain't no casino like the crypto casino. Prior to the gilt event, here in Contrarian Outlook, I'd been yapping about the Fed ad nauseam. The upshot? As long as the Fed was tightening monetary liquidity (i.e., shrinking the money supply), it wasn't worth buying anything. But this changed in late September 2022, when events across the pond quietly turned Jerry's tough stance inside out. I wrote the following to my Dividend Swing Trader readers: The Bank of England is teasing financial animal spirits with its announcement ...Full story available on Benzinga.com
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Business
Aggressive Buying In Silver As Fed Chair Jerome Powell Itching To Cut Rates
Apr 04, 2024
To gain an edge, this is what you need to know today. Fueling Positive Sentiment Please click here for an enlarged version of the chart of iShares Silver Trust (ARCA:SLV). Note the following: The chart shows aggressive buying in silver. As full disclosure, silver ETF SLV is in The Arora Report ZYX Buy Model Portfolio. The chart shows silver is breaking out of short term resistance. Significant overhead resistance is ahead that was created when the meme crowd went crazy in 2020 and 2021 and bought all the physical silver they could. In part, what happens to silver will depend on if the meme crowd goes crazy again. For the last few years, the traditional relationship between how silver moves relative to gold has been broken. The move on the chart shows that the traditional relationship between silver and gold moves is returning. The big move in silver is being triggered by Powell itching to cut rates. Powell has become ultra dovish. Fed Chair Powell is itching to cut interest rates. Powell said that the recent hotter inflation data does not “materially change” the outlook and he anticipates cutting interest rates later in the year. ISM Non-Manufacturing PMI came at 51.4% vs. 52.6% consensus. The weaker than expected services data caused the stock market to go up on its release. Sentiment was already extremely positive. Powell itching to cut rates and weaker ISM Services data is adding to the extremely positive sentiment. Also adding to the extremely positive sentiment are two pieces of news: Apple Inc (NASDAQ: AAPL) is working on a home robot as the next big thing. Alphabet Inc Class C (NASDAQ: GOOG) may charge for search based on AI. Jobless claims came at 221K vs. 214K ...Full story available on Benzinga.com
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Business
Bitcoin, Ethereum Take A Breather While Dogecoin Spike Pushes Crypto Market Cap Above $2.6 Trillion; Team Biden Unveils Comprehensive Policy For Federal AI Use: Here's What It Entails - Top Headlines Today While US Slept
Mar 28, 2024
Crypto Trader Turns $3K Into $215K In Hours With Freshly Launched Dawkoin As ‘Father Of MEMEs’-Based Crypto’s Market Cap Skyrockets To $15M BlackRock’s Bitcoin Bet Pays Off As IBIT ETF Crushes Records, Leaves CEO Larry Fink ‘Pleasantly Surprised’ Bitcoin, Ethereum Take A Breather While Dogecoin Spike Pushes Crypto Market Cap Above $2.6 Trillion — Analyst Sees BTC Hitting $80K Before Next Halving US Markets Investment Bank Piper Sandler Removes Nvidia From Model Portfolio, Anticipating S&P 500 Correction: ‘Cool The Engines Not AI Or Magnificent 7: Short-Seller Jim Chanos Warns Investors Are Missing ‘Absolute Insane’ Valuations Of These Stocks Investor Optimism Improves; S&P 500 Settles At New Record US Politics Former House Speaker Says Republicans Will ‘Lose More Seats’ With Trump’s 2024 Candidacy: ‘Suburban Swing Voters…Just Don’t Like Him’ Team Biden Unveils Comprehensive Policy For Federal AI Use: Here’s What It Entails Biden Vs. Trump Matchup Shows ‘No Clear Leader’ In Latest Poll, But Support Of These 2 Voter Categories Gives Incumbent President The Edge Trump Stripped Of One Of His ‘Go-To Tools’ By New York Judge, Says Ex-President’s Niece As Hush Money Election Interference ‘Shaping Up To Be Worst Case Scenario’ Is Inflation Affecting Biden’s Polling? Expert Says ...Full story available on Benzinga.com
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Business
Bitcoin Touches $70K Again, Ethereum, Dogecoin Bounce Upward As Crypto Market Recovers: Analyst Says If Rally Resumes, King Crypto Could Retest All-Time Highs
Mar 26, 2024
Major cryptocurrencies experienced a strong rally on Monday, bouncing back from recent losses. The apex cryptocurrency Bitcoin surged above its 2021 peak once again. Cryptocurrency Gains +/- Price (Recorded 12:00 a.m. EDT) Bitcoin (CRYPTO: BTC) +5.41% $70,230 Ethereum (CRYPTO: ETH) +5.20% $3,609 Dogecoin (CRYPTO: DOGE) +3.11% $0.17 What Happened: Bitcoin’s value rose above $70,000 on Monday marking the first time in 10 days and showing a gain of over 6% in the past 24 hours. In the last 24 hours, a total of 63,643 traders were liquidated, resulting in a total of $183.84 million in liquidations. The largest single liquidation order, which occurred on Bybit, involved a BTC-USD value of $1.94 million.The sudden resurgence led to the liquidation of $183 million worth of leveraged derivatives positions across all crypto assets, with approximately $123 million coming from short positions aiming to profit from lower prices, according to CoinGlass data. Top Gainer (24 Hour) Cryptocurrency Gains +/- Price (Recorded 12:00 a.m. EDT) Arweave (CRYPTO: AR) +15.11% $43.74 Internet Computer (CRYPTO: ICP) +13.28% $18.56 IOTA (CRYPTO: IOTA) +11.20% $0.36 The global cryptocurrency market cap now stands at $2.64 trillion, showing a 5.81% increase in the past 24 hours. Stocks experienced a slight decline on Monday to kick off a shortened trading week as the recent rally that propelled Wall Street ...Full story available on Benzinga.com
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