The market rally of the past few weeks has helped take stocks off their recent lows. On Friday, stocks recovered a full 50 percent of their losses from the market top.
Many traders view a 50 percent retracement as a sign that a market rally is sustainable, and not just a bear market rally that could end up leading stocks lower. In short, this is the strongest “all clear” signal yet following weeks of the market trending higher.
While this is usually a bullish sign… such signals also tend to occur when interest rates are falling or flat, not being raised. So even with this signal, traders should continue to remain cautious. Markets will still continue to face above-average levels of volatility for some time. And that will create plenty of trading opportunities for stocks going up or down.
Now here’s the rest of the news:
Why Are Central Banks on a Ferocious Gold Buying Spree?
In the wake of gold briefly passing the strong $1,800 resistance level, Equinox Partners’ Sean Fieler spoke about gold’s role in the coming financial crisis… [Read Here]
The Bad Inflation News Everyone Is Ignoring
The official consumer price index (CPI) gauge of inflation finally eased in July, slowing 60 basis points to an 8.5% annualized rate. Further upstream, the producer price index… [Read Here]
August 15, 2021
I would like to welcome my grand-niece to the world, born at 1:36 A.M.
Scarlet Jean Parkhill
Here’s to a better YOU … and now … Today’s DarrenDaily Recap Sunday. A collection of the weeks videos from Darren Hardy. Enjoy!
Beautiful Summer Day in Llandudno Sea Front in North Wales, United Kingdom
August 15, 2020
Today is declaration day!
Not that I’m Catholic, or particularly religious…
I HATE MORNINGS. (okay, I’ve said it!)
I am totally an evening person.
So, what is the first thing I do every morning to cheer me up? I go learn something.¹
I enjoy learning, and within a few minutes, the start of my day is positive.
What I do next is share that new-found-learn with my friends and colleagues, like you!
“I Start, Grow, Systemize, And Then Delegate My Way To Success…”
(Say this 3 times today)
Massive mistake alert! I probably “lost” a million or so dollars and years of work because of the mistake Jesse Eker points out/share in this video. Looking back over the last 8-18 years, there have been some massive and very costly mistakes I wish I too could take back.
Richard Branson has been quoted to say, “Business opportunities are like buses, there’s always another one coming.” I would like to add, “You can only be on one bus at a time; yes, you can use your ‘transfer’ to get on the next bus; but your money is spent and time is short…
Like a thief had siphoned gas from your tank…
- You’ve been ROBBED of youthful energy…
- DRAINED of your vitality and happiness…
- And left dealing with CHRONIC pain and fatigue that makes it hard to just get through the day…
Struggle with the afternoon doldrums and needing a nap after lunch?
Reaching for another cup of joe to keep you buzzed and awake?
This helps me … and should help you too. Good Morning, Sunshine Diffuser Blend¹
#1. Fill your diffuser with tap water up to the “fill line” or fill marker.
#2. Add the appropriate amounts of drops to the diffuser.
- 3 drops orange essential oil
- 1 drop ylang ylang essential oil
- 1 drop bergamot essential oil
These are changing times; COVID-19 cannot be blamed completely for that. It has however disrupted certain patterns: such as, our time to learn, grow and share…
August 15, 2019
Keith Kohl is a writer for Energy & Capital: A Practical Investment Newsletter which analyzes the New Energy Economy. He recalls stepping off the plane in Calgary nearly a decade ago on his first junket to the Alberta oil sands. My wife and I currently live in Calgary, and have also made the trek to the Fort McMurray Oil Sands, so were curious as-to-what brought him 2300 miles from Baltimore to travel an additional 500 more mile north.
You may recall that a decade ago, the U.S. was importing about 2.5 million barrels of oil from Canada every day. The oil recovery process is a vast undertaking with trucks that are the size of small houses and a massive mining surface clearly visible from space. Yes! Very impressive.
What stood out most in our writer’s mind were the little placards situated next to every major object in the room and throughout the hotel itself. One thing about them stood out like a sore thumb: all of the signs were written in Chinese; summing up the future of the oil sands perfectly.
China’s Secret Oil War
If nothing else, you have to credit China for always looking long term. That’s precisely how they’re securing future oil supplies. For years, China has been shoring up its energy security by pouring investments into foreign countries. Unlike Venezuela’s oil industry, which has been incredibly unstable, Canada offers China something it’s been craving all along: energy security.
All we need now is a pipeline to the coast… [Cenovus Energy (NYSE: CVE) is the largest and one of the most efficient SAGD producers in Alberta right now and has rewarded shareholder with a 42% move since December ’18.]
That’s the first place I’d start. 😉