I believe the 2nd half of 2017 is shaping up to be the time things really start to get out of control. If you watch the right indicators, you can already see that people are losing confidence in the system. Bitcoin and other Crypto-currencies are a testament to that theory.
The meteoric rise in the Crypto-currencies is a warning sign that a breakdown is eminent. What you don’t know is that many large commercial investors, like pension funds and insurance companies are looking at these Crypto-currencies as a way to save their pensions from complete destruction.
Many insurance companies are already stealthily investing in Crypto’s like Ethereum. As the breakdown of the monetary system gains momentum, Crypto’s and precious metals will be the investment of the century.
Right now gold and silver are manipulated by the central banks, therefore, keeping a lid on what should be a meteoric rise. These types of investments will eventually break free of the manipulation and then skyrocket to catch up with the Crypto-currencies.
But Crypto’s cannot be manipulated by the Deep State and as a result these currencies are creating the new paradigm for the next monetary system. Crypto’s should be a long term investment. By dollar cost averaging into the Crypto’s each month starting now, you could become unimaginably wealthy in a short 3-5 years, likewise with physical gold, silver and PM mining stocks.
I agree with analyst Cliff High that 2018 will be the year of Chaos as the monetary system becomes unglued. There will be economic devastation, social unrest and war. Those not prepared for it will lose everything.
I know some are already calling this ‘doomsday porn’, but the evidence is overwhelming if you stop listening to the mainstream propaganda machine and start looking at the correct indicators.
I think Ethereum is the best long term investment at this stage in the cycle for the Crypto’s. Ethereum is a token that follows the Bitcoin blockchain. It’s linked to the value of Bitcoin, but is much more affordable for the average Joe.
Ethereum is currently priced at $264.86 as I write this. However, it’s rising exponentially and by the time I get this report out it will probably be much higher. By contrast, Bitcoin is priced at $2,843.00.
The establishment hates Crypto-currencies because they represent a loss of control and expose the fraud and corruption of the current monetary system. They will spread lies and misinformation about them, so let’s address some of those lies now.
This information comes from Cliff High, who is an expert in Crypto currencies and has recently published a report explaining which crypto-currencies are the best investments and which ones to stay away from. You can access his reports at www.HalfPastHuman.com.
A loss of power will render your Crypto’s useless. Partially true, but if there is a loss of power, you will also not be able to access money out of your bank or ATM? Banks will become just as useless and your money will be trapped and not accessible. You can also keep a hard copy of your Crypto wallet for verification.
If they close down the Internet, they will be able to stop the use of Crypto-currencies. Not true, once you own Crypto’s, you actually have the blockchain on your hard drive and can still access it, in addition, you can keep paper records of your Crypto ownership, just like a bank statement. In addition, the old method of computer integration can be used utilizing a BBS system to bring your account alive again.
An EMP attack could wipeout the global electric grid and internet. Fantasy! The information spread in the media about EMP attacks IS ‘Doomsday Porn’. First, it would have to be a global event and would take a combined and coordinated, synchronized attack of many multiple nuclear warheads across the globe to be detonated at a precise elevation at exactly the same time to create the type of electro-magnetic force to take out the entire global electric grid. Virtually impossible.
An EMP attack is a fantasy scenario to create a perception of threat and panic among the masses. A single nuclear warhead detonated in the atmosphere above the US would not take out the US electric grid and any attempt would have to be perfectly detonated at the right elevation and with enough size to have any effect..
The chaos ramps up in the 2nd half of 2017. Invest in Crypto’s and precious metals during the second half of 2017 to preserve and build your wealth to unimaginable levels in the years to come.
Great fortunes will be made by getting into these investments early. The time to prepare is now, 2018 will be too late.
Precious Metals Mining Sector (GDX)
(ABX) (NEM) (GG) (FNV) (SLW) (GOEX)
The chart below shows Thursday’s manipulation in which $4 billion worth of paper gold was sold on the Comex in less than 4 minutes.
Then again this Friday morning before the markets opened….
But with all the efforts to push the price down, gold keeps rebounding and the intraday chart below was printed as of 2PM Friday, gold continues to recover from the massive hit it took this morning.
We’ll have to see where it ends up next week. Don’t be surprised to see continued pounding by the manipulators up until the FOMC meeting next week. They know gold could surge after Wednesday, so they may try to push it down to cover their shorts before it happens.
1300 is the current line if the sand for the manipulators. They know that once it surpasses that level, it’s off to the races for gold and we are just a few days away from that happening. The catalyst will be the FOMC meeting next week and I expect gold to take off after the announcement.
If I’m right and gold makes a big move higher and closes significantly above the 2011 downtrend line, then a massive short squeeze should take place as the commercial banks capitulate on their huge short positions.
Stock Market Indices
(SPY) (QQQ) (IWM) (DIA)
Stocks continue to inch higher, however, it seems the energy is waning slightly. The FAANG’s are faltering a bit and they represent the largest gainers in stocks, so they may be trying to tell us something.
The next few weeks will be the key, but if you are long the S&P (SPX), then you are safe as long as you place a stop below the uptrend line.
Crude oil continues to trade lower into a downward trending channel pattern. The short term prospects for oil appear to continue lower.
Unless war breaks out, we should see this pattern continue for the next few weeks. Although there will be some bounces higher in the short term, the overall direction is down.
Financial Sector (XLF)
Berkshire Hathaway (BRK.B) (JPM) (WFC) (BAC) (C)
If you look at the long term chart of the financial sector below (XLF), you can see that financials have never been able to reach back up to the highs of 2007. You would think they would be rallying to new highs with all the free money and liquidity produced by the Fed, but we had a top in February of 2017 and it appears things are headed back down again.
In fact, if you look at the daily chart of XLF below, you can see that a classic head & shoulders pattern has formed. This is the typical set-up for a significant downside move and if XLF breaks through support around 22.90, we could see a powerful short play forming.
Trader Favorites (FAANG’s)
(AAPL) (AMZN) (FB) (NFLX) (GOOGL)
Pacific Crest Downgrades Apple, Sees $145 Fair Value; Warns Of iPhone Sales Decline in 2019
"We are downgrading AAPL to Sector Weight and recommend investors reduce position sizes. We believe AAPL anticipates strong performance in the iPhone 8 cycle, while providing relatively little weight to risks through the cycle or the potential for iPhone sales to decline in FY19."
The article above caught my attention as Apple appears to be getting some bad press. We could be witnessing a cycle top in APPL. Today’s chart of APPL shows a huge downward move which crossed the uptrend line. This is a huge signal for a continued move to the downside.
Facebook also took a bit of a hit today, but it’s well above its current uptrend line and appears to be safe for the moment. If you have a position in Facebook, I would suggest a stop placed just below the trend line.
The FAANG’s are all taking a big hit today and Google has crossed the uptrend line (See below). Not a good sign for continued movement higher. Eventually what goes up must come down and this may be the start of at least a short term downside move.
If you have positions in GOOG or APPL and were not stopped out, then you might want to consider closing your positions. This party may be over, at least for the short term. You can always reenter a position when it bottoms, but the technicals are indicating continued movement to the downside.
We will have to see what happens next week to see if we have confirmation of a continued retrace from here.
Live long and prosper.
Crypto Currencies Show Global Reset Underway – Clif High
The US labor market "recovery" is perhaps the biggest 'fake news' of the US economic narrative, and as a comprehensive recent analysis issued by Morningside Hill reveals, the state of the US jobs market is far worse than the official data suggest. Here's why.
"After I first heard about the bitcoin scheme, I was so excited I couldn't sleep. It's like buying a dream... Everyone says we can't rely on Japanese pensions anymore... This worries me, so I started bitcoins."
Central banks own just over a third of the global tradable bond universe of $54 trillion, or roughly $18 trillion. How this amount of debt on bank balance sheets is ever unwound, i.e. sold without crashing the bond market, we don't know.
"I don’t see how anyone can possibly claim that the U.S. economy is doing well... prior to the last recession there were 26 million Americans on food stamps, now we have 44 million, we're on pace to shatter the all-time record for store closings in a single year, and the number of homeless in LA has risen by 23% over the past 12 months...But once again, it is a battle of perception vs. reality."
Just minutes ahead of James Comey's testimony that many hope will lead to Trump impeachment, it appears someone decided it was an opportune time to dump $4 billion notional gold futures, seemingly confident this will not be a "constitutional crisis."
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