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Best Penny Stocks To Buy? 4 to Watch With High Volume Right Now

Penny stocks with high volume today? Check these 4 out
The post Best Penny Stocks To Buy? 4 to Watch With High Volume Right Now appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Why These Penny Stocks Have Higher Than Average Volume Today

Finding penny stocks with high volume is a great way to see which ones are moving daily. It’s worth noting that high volume is not always the best indicator of forward momentum. But, it does show what investor interest in a stock is. For those unfamiliar, volume is the number of times a stock trades hands on a given trading day. With penny stocks, this can range from the hundreds all the way to the hundreds of millions. 

Normally, investors like to stick with penny stocks trading in the 800,000 and above volume range. This offers enough room for liquidity, which is how easily a stock can be traded. Often, high volume will indicate either company-specific or industry-specific news. If a stock’s volume is more than double its average or more, there is usually an underlying reason. 

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However, this can often be the result of penny stock traders on Reddit, Twitter, or other social media sites. It’s important to consider the effects of social media on penny stocks, as it can greatly shift volume in a given day. So, while volume is not the only indicator of performance, it can be a great tool to use when creating a penny stocks watchlist

It’s important to consider that volume can be indicative of a stock dropping in value as well. Because volume is the number of times a share is bought or sold, it can indicate bearish momentum in addition to bullish trends. With all of this in mind, let’s take a look at four penny stocks to watch with high volume right now. 

4 Penny Stocks With Higher Than Average Volume 

  1. Digital Ally Inc. (NASDAQ: DGLY
  2. Invesco Mortgage Capital Inc. (NYSE: IVR
  3. SOS Ltd. (NYSE: SOS)
  4. Globalstar Inc. (NYSE: GSAT)

1. Digital Ally Inc. (NASDAQ: DGLY) 

As a company, Digitial Ally is known for its design and manufacturing of some of the highest quality video analytic software and digital recording equipment. It’s directly contracted with law enforcement, fleet safety, event security, and emergency response agencies. Digital Ally is known for setting the standard for automatic recording technology. Some of its major products include vehicle and body cameras, data storage systems, and quality hardware. 

[Read More] Hot Penny Stocks To Watch As AMC Stock Ignites Small Caps In June

As of yesterday, June 7th, DGLY announced the formation of Digital Ally Healthcare, Inc. Although DGLY holds a placement in healthcare, its involvement is relatively limited. Before Digital Ally Healthcare, DGLY produced PPE products to aid in the pandemic. After seeing the widespread success of these products, the company decided that moving further would allow it to grow its product offerings and revenue streams. DGLY aims to grow its profit margins significantly in the near future to fuel a more sustained cash flow. 

With this, it should be well-capitalized to engage in any business opportunities in the future. In addition to this announcement, the company states that this new side of its business has entered into a venture with Nobility LLC. The former will bring roughly $13.5 million in cash to the table, to begin making strategic acquisitions of RCM (revenue cycle management) companies in the medical industry.

“Digital Healthcare’s venture with Nobility is a further expansion into the healthcare market. The venture’s acquisition targets include the approximate 6,000 medical billing companies in the United States, most of which are relatively small and closely-held private concerns.”

Stan Ross, CEO of DGLY

company states that the first two target acquisitions could bring in a total revenue run rate of $5 million annually. The company expects that these deals will close within the next few months. Considering all of these exciting updates, DGLY holds a volume of around 3.6 million in morning trading on June 9th.

2. Invesco Mortgage Capital Inc. (NYSE: IVR) 

IVR stock is pushing volume upwards of 43.6 million in morning trading. This is substantial and reflects its almost 13% gain at the same time. While there is no company-specific news sparking this gain, we can look at some previous events to try and deduce a reason. At the end of last month, Invesco announced the pricing of a public offering of common stock.

The offering, worth 37.5 million shares, will bring in gross proceeds of around $129 million. These proceeds will go toward the redemption of issued and outstanding shares of its 7.75% Series A Cumulative Redeemable Preferred Stock. Any additional funding will go toward both corporate purposes and the repayment of other debt obligations. 

For those who don’t know, IVR is a REIT or real estate investment trust working in financing and mortgage backing. Throughout the pandemic, the housing market was on a major decline. However, in the past six months, this has completely turned around. Now, it seems as though people cannot buy houses fast enough. 

The result of this is companies like IVR pushing major gains in the past few months. YTD, shares of IVR stock are up by a solid 20%. After falling from over $18 in February 2020 by almost 90%, we see that this is a very welcomed gain. Considering its move today, will IVR stock be on your watchlist?

Penny_Stocks_to_Watch_Invesco Mortgage Capital Inc. (IVR Stock Chart)

3. SOS Ltd. (NYSE: SOS) 

SOS Ltd. is a penny stock that we’ve covered countless times in the past few months. While shares of the company were down last month, things are picking back up in June. With almost 15 million in volume in midday trading, shares of SOS stock are up by almost 10%. 

Despite reporting very positive financial data last month, SOS stock is correlated with the price of Bitcoin and cryptocurrency overall. When BTC dropped from over $50,000 to under $36,000 in a matter of weeks, shares of SOS stock understandably dropped as well. In May, the company announced that it made operational more than 6,000 mining machines split between Bitcoin and Ethereum mining. 

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And interestingly enough, SOS claims that its mining operations utilize 90% renewable energy, which is very different from most others. Mining cryptocurrency is usually a very energy-intensive process, and most operations use fossil fuel-powered electricity. Finding renewable options has been a difficult and long process, but many companies are working to transition. 

It’s worth noting that because its stock price trades similarly to cryptocurrency, shares of SOS stock can be extremely volatile. But, the other aspects of its business such as insurance marketing and its safety products, could provide a different revenue stream as well. Whether this makes SOS Ltd. worth watching or not is up to you. 

Penny_Stocks_to_Watch_SOS Ltd. (SOS Stock Chart)

4. Globalstar Inc. (NYSE: GSAT) 

With around 12.3 million in volume today, shares of GSAT stock are up by a mighty 4% or so at midday. For some context, Globalstar is a mobile satellite services provider. In its Q1 2021 earnings reported last month, GSAT hit analyst targets of a $0.02 loss per share. However, it did miss revenue estimates by around $5 million, bringing in $26.9 million in that period. Dave Kagan, CEO of Globalstar states that “Both service and equipment revenue [were higher] than pre-pandemic levels in the first quarter of 2020.” 

This was a big deal and remains a telling factor of the company’s ability to grow even in these challenging times. One thing to consider right now is GSATs wholly-owned subsidiary, SPOT LLC. SPOT is a satellite messaging and emergency notification tech company, with partnerships around the world. At the end of May, SPOT announced a new partnership with Desert Vets Racing, to provide the group with goods and services. 

These products will be in use for driver safety while in areas with no cell service. While this deal is not a major revenue supplier for GSAT, it does show the adoption abilities of SPOTs technology. And, GSAT is continuing to be a major part of the global tech and communications market, offering a large IoT pipeline of products. Considering its role as a tech penny stock, GSAT could be worth keeping an eye on in the future. 

Penny_Stocks_to_Watch_Globalstar Inc. (GSAT Stock Chart)

Which High Volume Penny Stocks Are You Watching?

Using high volume as an indicator is a great way to create a penny stocks watchlist. However, as stated before it should not be the only thing in use when finding a list of the best penny stocks.

[Read More] 5 Penny Stocks Analysts Say To Buy With Targets Up To 219% Right Now

Intraday volume is also a solid way to see which companies are moving the most in daily trading. It can identify short-term trends, recent news, and liquidity. Because of this, both retail and pro traders utilize this tool daily. Considering all of this, which high-volume penny stocks are you watching?

The post Best Penny Stocks To Buy? 4 to Watch With High Volume Right Now appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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VIDEO — Frank Holmes: Bullish on Gold, “Perfect Storm of Inflation” Ahead

"I think it’s quite easy this year (for gold) to take out last year’s high. It’s very easy to do that," said Frank Holmes of US Global Investors.
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The gold price reached a new all-time high nearly 12 months ago, and as the summer months set in again investors are wondering whether it may do the same thing this year. 

Speaking to the Investing News Network, Frank Holmes, CEO and chief investment officer of US Global Investors (NASDAQ:GROW), said he thinks it’s possible for the yellow metal to set a new record in 2021.

“I think it’s quite easy this year to take out last year’s high. It’s very easy to do that,” he said.

 

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“And once people start believing that the Consumer Price Index (CPI) number is (an) inaccurate forecast of inflation — that there have to be other factors, which has happened in previous cycles — then all of a sudden gold will get a brand new element to it.”

Holmes explained that the CPI is understated because it doesn’t track food and energy. In his view, rising inflation is “baked in” for the next couple of years given the amount of pent-up demand related to COVID-19, as well as continued money-printing efforts around the world.

The US Federal Reserve remains seemingly unconcerned about inflation, and has repeatedly described inflationary activity as “transitory.” When asked if he expects any meaningful changes at this week’s Fed meeting, which runs from Tuesday (June 15) to Wednesday (June 16), Homes said he does not.

“I don’t see any changes. The stock market is acting still pretty resilient,” he explained. “I think it’s full throttle of printing money around the world — we’re talking about trillions and trillions of dollars. And you still have this pent-up demand, so therefore you’re going to have the perfect storm of inflation, and if you can borrow inexpensively you’ll be ahead of the curve.”

Holme also has a positive outlook on bitcoin, and he noted that enthusiasm and acceptance for the cryptocurrency are on the rise. However, he still believes investors should allocate a larger amount of their portfolios to the yellow metal, which he views as more stable.

“(Bitcoin is) very volatile; it’s much more volatile than gold — it’s six times more volatile. So I’d advocate 10 percent into gold and gold-related quality stocks and 2 percent into crypto.”

Watch the interview above for more from Holmes on gold and bitcoin, as well as the potential he sees for the US Global Jets ETF (ARCA:JETS).

Don’t forget to follow us @INN_Resource for real-time updates! 

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

 

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10 Top Copper-producing Companies

Codelco is in first place, and it’s followed by Glencore and BHP. Read on to find out the rest of the top copper-producing companies.
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Copper prices have made moves in 2021, rallying to record-high levels on expected demand growth amid a supply deficit.

While construction and electrical grids have long been big markets for copper, today the rise in demand for electric vehicles, electric vehicle charging infrastructure and energy storage applications are considered some of the biggest drivers of copper consumption.

CIBC analysts have forecast that copper prices will rise to US$5.25 per pound in Q4 2021 and into the first quarter of 2022. Prices are expected to average US$4.62 in 2021 and US$4.75 in 2022.

 

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Given those factors, investors may want to keep an eye on the world’s top copper-producing companies. According to the latest stats from financial market data provider Refinitiv, the following top copper-producing companies produced the most copper in 2020.

1. Codelco

Production: 1.76 million tonnes

The first top copper-producing company on the list is state-owned Codelco. As the world’s biggest copper producer, the company put out 1.76 million tonnes in 2020. Although there were concerns early in the year that operation curtailments due to the coronavirus pandemic would knock Codelco from its top spot, the Chilean company defied those expectations to meet its production guidance for the year.

In May 2021, Codelco announced the start of a US$1.4 billion project aimed at extending the life of its Salvador mine through 2068 by converting the underground mine to an open-pit operation. The project is a part of the company’s 10 year, US$40 billion plan to upgrade its many aging mines.

2. Glencore (LSE:GLEN,OTC Pink:GLCNF)

Production: 1.26 million tonnes

Major diversified miner Glencore produced 1.26 million tonnes of copper in 2020. After suffering an 11 percent drop in copper production for the first half of the year versus the same period in 2019, the company cut its annual production guidance for the full year to 1.23 million tonnes.

Rather than COVID-19 disruptions, Glencore attributed its production decline to its Mutanda mine being placed on care and maintenance in 2019. Operations at Mutanda, the world’s biggest cobalt mine, are set to resume sometime in 2022. In addition to cobalt, the mine has five copper production lines.

3. BHP (ASX:BHP,NYSE:BHP,LSE:BHP)

Production: 1.21 million tonnes

In 2020, BHP produced 1.21 million tonnes of the red metal. The Australian mining giant managed to keep its copper production numbers high despite the year’s COVID-19 disruptions and strikes at Escondida, the world’s largest copper mine.

Labor strife has continued for BHP into 2021 at the Escondida and Spence copper mines in Chile, although the company claims the current strikes have not impacted production.

 

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4. Freeport-McMoRan (NYSE:FCX)

Production: 1.08 million tonnes

Freeport-McMoRan recorded 1.08 million tonnes of copper production for 2020. Despite coronavirus-related production setbacks, strong copper prices helped to buoy profits for the company.

One of the company’s biggest copper assets is the Grasberg mine in Indonesia, the 10th largest copper mine in the world. The company continues to make significant investments in Grasberg to increase both its copper and its gold production.

5. Grupo Mexico

Production: 975,898 tonnes

Grupo Mexico’s mining division is the largest copper producer in the country. 2020 marked a year of record copper production for the company despite the global coronavirus crisis.

On its website, Grupo Mexico says expansion work at its Buenavista del Cobre mine in Mexico and Toquepala mine in Peru will make the company the world’s third largest copper producer.

6. First Quantum Minerals (TSX:FM,OTC Pink:FQVLF)

Production: 715,762 tonnes

Canada’s First Quantum Minerals produced more than 715,000 tonnes of copper in 2020. The company was able to increase its production guidance for the year despite temporary coronavirus shutdowns at its Cobre Panama mining operation.

In 2021, output is expected to be strong from Cobre Panama, as well as First Quantum’s other two key copper mines, Kansanshi and Sentinel in Zambia.

7. Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO)

Production: 548,074 tonnes

Rio Tinto’s copper production in 2020 totaled 548,074 tonnes. The company is one of the largest diversified mining companies in the world behind BHP — and like BHP, Rio Tinto was also negatively impacted by strikes at Chile’s Escondida mine. Rio Tinto holds a 30 percent interest in the project.

 

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8. KGHM Polska Miedz (FWB:KGHA.F)

Production: 543,672 tonnes

Poland’s KGHM Polska Miedz has operations in Europe, North America and South America, and says that it holds over 38 million tonnes of copper ore resources worldwide. In 2020, the company produced more than 543,000 tonnes of copper.

KGHM recently announced it’s cutting a few small assets from its portfolio, including the Carlotta copper mine in the US. In the first quarter of 2021, the company achieved its best operating and financial results in nearly a decade.

9. Antofagasta (LSE:ANTO,OTC Pink:ANFGF)

Production: 503,577.6 tonnes

Chilean copper miner Antofagasta operates four mines in Chile and produced more than 503,000 tonnes of copper in 2020. The company’s output was impacted by having to place its flagship Los Pelambres mine on care and maintenance, as well as by lower grades at its Antucoya operations.

Antofagasta recently pledged to cut its carbon emissions by 30 percent by 2025 by using renewable energy sources. By the end of 2020, the company reported that it was already powering 19 percent of its operations with renewable sources.

10. Norilsk Nickel (FWB:NNIC)

Production: 456,240 tonnes

Russia’s Norilsk Nickel produced more than 456,000 tonnes of copper in 2020. The company is also the world’s largest producer of nickel and palladium.

Moving forward, by 2030 Norilsk Nickel is looking to increase its copper production by 20 percent from its current level. The company is upgrading its production capacity at the Ruchey copper-nickel mine, replacing its obsolete Kola copper refinery with a state-of-the-art plant.

This is an updated version of an article originally published by the Investing News Network in 2016.

Don’t forget to follow us @INN_Resource for real-time news updates!

Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

 

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Slowly At First… Then All At Once

Slowly At First… Then All At Once

Authored by Lance Roberts via RealInvestmentAdvice.com,

Bull markets always seem to end the same – slowly at first, then all at once.

My recent discussion on why March 2020 was a “correction” and…

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Slowly At First... Then All At Once

Authored by Lance Roberts via RealInvestmentAdvice.com,

Bull markets always seem to end the same – slowly at first, then all at once.

My recent discussion on why March 2020 was a “correction” and not a “bear market” sparked much debate over the somewhat arbitrary 20% rule.

“Price is nothing more than a reflection of the ‘psychology’ of market participants. A potential mistake in evaluating ‘bull’ or ‘bear’ markets is using a ‘20% advance or decline’ to distinguish between them.”

Wall Street loves to label stuff.  When markets are rising, it’s a “bull market.” Conversely, falling prices are a “bear market.” 

Interestingly, while there are some “rules of thumb” for falling prices such as:

  • A “correction” gets defined as a decline of more than 10% in the market.

  • A “bear market” is a decline of more than 20%.

There are no such definitions for rising prices. Instead, rising prices are always “bullish.”

It’s all a bit arbitrary and rather pointless.

The Reason We Invest

It is essential to understand what a “bull” or “bear” market is as investors.

  • “bull market” is when prices are generally rising over an extended period.

  • “bear market” is when prices are generally falling over an extended period.

Here is another significant definition for you.

Investing is the process of placing “savings” at “risk” with the expectation of a future return greater than the rate of inflation over a given time frame.

Read that again.

Investing is NOT about beating some random benchmark index that requires taking on an excessive amount of capital risk to achieve. Instead, our goal should be to grow our hard-earned savings at a rate sufficient to protect the purchasing power of those savings in the future as “safely” as possible.

As pension funds have found out, counting on 7% annualized returns to make up for a shortfall in savings leaves individuals in a vastly underfunded retirement situation. Moreover, making up lost savings is not the same as increasing savings towards a future required goal.

Nonetheless, when it comes to investing, Bob Farrell’s Rule #10 is the most relevant:

“Bull markets are more fun than bear markets.” 

Of this, there is no argument.

However, understanding the difference between a “bull” and a “bear” market is critical to capital preservation and appreciation when the change occurs.

Defining Bull & Bear Markets

So, what defines a “bull” versus a “bear” market.

Let’s start by looking at the S&P 500.

Bull and bear markets are evident with the benefit of hindsight.

The problem, for individuals, always comes back to “psychology” concerning our investing practices. During rising or “bullish,” markets, the psychology of “greed” keeps individuals invested longer and entices them into taking on substantially more risk than realized. “Bearish,” or declining, markets do precisely the opposite as “fear” overtakes the investment process.

Most importantly, it is difficult to know “when” the markets have changed from bullish to bearish. Over the last decade, several significant corrections have certainly looked like the beginning of turning from a “bull” to a “bear” market. Yet, after a short-term corrective process, the upward trend of the market resumed.

So, while it is evident that missing a bear market is incredibly important to long-term investing success, it is impossible to know when the markets have changed.

Or is it?

The next couple of charts will build off of the weekly price chart above.

Identifying The Trend

“In the short run, the market is a voting machine but in the long run it is a weighing machine” – Benjamin Graham

In the short term, which is from a few weeks to a couple of years, the market is simply a “voting machine” as investors scramble to chase what is “popular.” Then, as prices rise, they “panic buy” everything due to the “Fear Of Missing Out or F.O.M.O.” Then, they “panic sell” everything when prices fall. However, these are just the wiggles along the longer-term path.

In the long-term, the markets “weigh” the substance of the underlying cash flows and value. Thus, during bull market trends, investors become overly optimistic about the future bid-up prices beyond the practical aspects of the underlying value. The opposite is also true, as “nothing has value” during bear markets. Such is why markets “trend” over time. Eventually, excesses in valuations, in both directions, get reverted to, and beyond, the long-term means.

While the long-term picture is relatively straightforward, valuations still don’t do much in terms of telling us “when” the change is occurring.

Change Starts Slowly, Then All At Once

“Tops are a process and bottoms are an event” – Doug Kass

During a bull market, prices trade above the long-term moving average. However, when the trend changes to a bear market, prices trade below that moving average.

The keyword is TREND. 

The chart below which compares the market to the 75-week moving average. During “bullish trends,” the market tends to trade above the long-term moving average and below it during “bearish trends.”

Since 2009, there are four occasions where the long-term moving average was violated but did not lead to a longer-term change in the trend.

  • The first was in 2011, as the U.S. was dealing with a potential debt-ceiling default and a downgrade of the U.S. debt rating. Fed Chairman Ben Bernanke started the second round of quantitative easing (QE), flooding the markets with liquidity.

  • The second came in late-2015 and early-2016 as the Federal Reserve started lifting interest rates combined with the threat of Britain leaving the European Union (Brexit). Given the U.S. Federal Reserve had already committed to tightening monetary policy, the ECB stepped in with their version of QE.

  • The third came at the end of 2018 as the Fed again tapered its balance sheet and hiked rates. The market decline quickly reversed the Fed’s stance.

  • Finally, the “pandemic shut-down” of the economy led to a price reversion in the market. The Fed intervened with massive liquidity injections and the start of QE-4.

Each of these declines only gets classified as “corrections.” The market did not sustain the break of the long-term trend, valuations did not revert, and psychology remained bullish.

Still A Bull Market

Today, Central Banks globally continue their monetary injection programs, rate policies remain at zero, and global economic growth is weak. Moreover, with stock valuations at historically extreme levels, the value currently ascribed to future earnings growth almost guarantees low future returns.

As discussed previously:

Like a rubber band stretched too far – it must get relaxed in order to stretch again. The same applies to stock prices that are anchored to their moving averages. Trends that get overextended in one direction, or the other, always return to their long-term average. Even during a strong uptrend or strong downtrend, prices often move back (revert) to a long-term moving average.”

The chart below shows the deviation in the market price above and below the 75-week moving average. Historically, as prices approach 200-points above the long-term moving average, corrections ensued. Thus, the difference between a “bull market” and a “bear market” is when the deviations occur BELOW the long-term moving average consistently. 

Since 2017, with the globally coordinated interventions of Central Banks, those deviations have started exceeding levels not seen previously. As of the end of May, the index was nearly 800 points above the long-term average or 4x the normal warning level. 

We can see the magnitude of the current deviation by switching to percentage deviations. Historically, 10% deviations have preceded corrections and bear markets. Currently, that deviation is 22.5% above the long-term mean.

Notably, the decline below the long-term average reversed quickly, keeping the “bull market” trend intact.

Conclusion

Understanding that change is occurring is what is essential. But, unfortunately, the reason investors “get trapped” in bear markets is that when they realize what is happening, it is far too late to do anything about it.

Bull markets are lure investors into believing “this time is different.” When the topping process begins, that slow, arduous affair gets met with continued reasons why the “bull market will continue.”  The problem comes when it eventually doesn’t. As noted, “bear markets” are swift and brutal attacks on investor capital.

As Ben Graham wrote in 1959:

“‘The more it changes, the more it’s the same thing.’ I have always thought this motto applied to the stock market better than anywhere else. Now the really important part of the proverb is the phrase, ‘the more it changes.’

The economic world has changed radically and will change even more. Most people think now that the essential nature of the stock market has been undergoing a corresponding change. But if my cliché is sound, then the stock market will continue to be essentially what it always was in the past, a place where a big bull market is inevitably followed by a big bear market.

In other words, a place where today’s free lunches are paid for doubly tomorrow. In the light of recent experience, I think the present level of the stock market is an extremely dangerous one.”

Pay attention to the market. The action this year is very reminiscent of previous market topping processes. Tops are hard to identify during the process as “change happens slowly.” The mainstream media, economists, and Wall Street will dismiss pickup in volatility as simply a corrective process. But when the topping process completes, it will seem as if the change occurred “all at once.”

Tyler Durden Tue, 06/15/2021 - 10:10

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