Inflation Less Than Expected but Infrastructure Will Make It Far Worse

August 14, 2021 Roger Breaks Silence on This Simple Trading Strategy WealthPress Senior Strategist and former multi-million dollar hedge fund manager Roger Scott has finally broken his silence on his breakthrough discovery… One that could save traders hours of research. It all revolves around what he calls a "Sniper Line." Once a stock crosses a sniper line, investors can place a quick trade, check back in a handful of days… And cash out! Find the Line Gold's Loss Is Bitcoin's Gain — How to Play It The U.S. added over 943,000 jobs in July, according to the Aug. 6 jobs report — a sign that the economy is on its way to recovering from the 2020 shutdowns. That expected growth sparked a colossal sell-off in gold with some major margin calls over the weekend. Prices broke below $1,800 an ounce all the way down to $1,677.90 — the lowest prices seen in more than four months. Meanwhile, these past few sessions were as kind to Bitcoin as they were cruel to gold. Prices broke over 6.5% Monday and moved above the $45,000 mark for the first time since the crypto collapse in mid-May. So we're going to drill down into these moves, see how the Bitcoin and gold relationship correlates, and then use that information to figure out how to trade it. Let's Take a Look Everything Traders Need to Know About Crypto, Gold and Crude Oil If you're an avid watcher, then you know I tend to give away some of my favorite stock picks in these videos. But this time, I'd thought I'd help you make a connection about something I rarely talk about: the relationship between crypto, gold and crude oil. That's because when China and Australia accelerated their lockdown measures when COVID-19 first stuck, gold had a major sell-off. If you look at GLD, an ETF that tracks gold, it's trading the exact same way right now. Gold's at its lowest price in four months, which is significant. And it has everything to do with this report… What You Need to Know Inflation Less Than Expected but Infrastructure Will Make It Far Worse If you're following along with the financial media, you probably saw a lot of commentary about how Wednesday's Consumer Price Index (CPI) report was "good," or at least "better than expected." The new infrastructure bill has also been dominating headlines, and the media seems excited about that as well… But as usual, there's a key component the talking heads are missing. While many are desperate to qualify the Federal Reserve''s "transitory" narrative, they persistently fail to recognize that the word "transitory" simply means "not permanent." Of course, prices won't go up forever. That's not what the overarching concern is... Rather, the concern has always been, "Where does price inflation stick?" It's Not All Rainbows "These videos are awesome!  They are the best I've ever seen." Rick M. Technical Indicators are mathematical calculations based on the price, volume, or open interest of a security or contract. By analyzing historical data, technical analysts use indicators to predict future price movements. Examples of common technical indicators include Relative Strength Index, Money Flow Index, Stochastics, MACD and Bollinger Bands.   Disclaimer: The material in this document is for informational purposes based on our proprietary research. It is not an offering, specific recommendation, or a solicitation of an offer to buy or sell any securities mentioned or discussed herein. Any performance results discussed herein represent past performance, are not a guarantee of future performance, and are not indicative of any specific investment.   Due to the timing of information presented, any investment performance reflected within this document may be adjusted after the publication and distribution of this material. There can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this communication will be profitable, be equal to any corresponding indicated historical performance levels or be suitable for your portfolio. Any investment results set forth in this document are not net of expenses and execution costs, nor do they account for other relevant trading or investment fees. Please visit wealthpress.com/terms for our full Terms and Conditions.

 

                                                           

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