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Quit reading charts and just watch this, maybe (98.4% Correlation With The S&P 500)

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AUG 23 2023
 
   
JEFFRY TURNMIRE’S HINDSIGHT HIGHLIGHTS
In Case You Missed It: Central Banks Pull The Strings
 

Last month, Jeffry posted an eye-popping chart in his Discord channel:

 
 

Here’s a closer look at that chart:
 
 

In short, when central banks print money, the S&P goes up.

And when they tighten their belts, it goes down.

UPDATE:
To build on the above point, he recently posted this chart in one of our internal chat channels:

 
 

It’s a chart showing the Federal Reserve’s M2 Money Supply. See that sharp drop on the right?

No, your monitor isn’t cracked. That’s a dramatic plunge in the amount of available “M2” money.

And as we know from the first chart when liquidity drops, markets drop.

Could this be (part of) the reason for the market correction we’ve been seeing?

Now the only question is why are we all sitting here going cross-eyed looking at charts all day when we could just “follow the money” and trade accordingly?

Well, believe it or not, for some of us this is fun. (yes, we know we need help)

But secondly, this is obviously a big picture view. If you want to know where NVDA is headed next week, it’s not going to help you much…

Still, it’s worth looking for a long term perspective on where markets could be headed.

Jeffry actually mentioned this chart a few weeks ago on Ask The Pros.

Tune in at around 18 minutes 30 seconds to hear Garrett Baldwin talking about liquidity expansion continuing into 2026, when Jeffry chimes in with details about this chart.

Garrett makes some great points, so consider listening to the whole episode. It was chock full of great info.

Enjoy and trade safe!

— The Prosperity Pub Team

 
JEFFRY TURNMIRE
The Surprising Economics Behind Cryptocurrency Mining
 

Cryptocurrency mining, often associated with digital gold rushes, is more than just a technical endeavor. It's a captivating realm where economics, energy, and innovation intersect in unexpected ways.

Beneath the surface of gleaming virtual coins lies a fascinating landscape of calculations, competition, and resource consumption.

At its core, cryptocurrency mining involves verifying transactions on blockchain networks. Miners, equipped with powerful computers, race to solve complex mathematical puzzles.

The first to crack the code gets the honor of adding a new block to the blockchain and earns a reward in the form of newly minted cryptocurrency coins. It's like a digital version of panning for gold, but with algorithms replacing the pans.

However, the economics of cryptocurrency mining can be startlingly intricate. The competition is fierce, with miners globally competing to validate transactions.

This competition has led to the creation of specialized hardware, known as ASICs (Application-Specific Integrated Circuits), which are tailored to solve the specific algorithms required for mining. This specialization, while enhancing efficiency, also drives up the energy demands of mining operations.

The energy consumption associated with mining has raised eyebrows and spurred debates. Massive computing power translates to high electricity consumption, making sustainability a significant concern.

Some mining operations are located in regions with abundant, low-cost energy sources, while others rely on renewable energy to mitigate their environmental impact.

The profitability of mining is a balancing act. The rewards earned must exceed the operational costs, which include hardware, electricity, cooling, and maintenance.

Cryptocurrency prices play a pivotal role; a sudden plunge in prices can turn profitable operations into money-losing ventures. This dynamic relationship between price, cost, and profitability creates a level of uncertainty inherent in the mining business.

As the cryptocurrency landscape evolves, so do the economics of mining. Market trends, technological advancements, and regulatory changes all influence the profitability and feasibility of mining operations. The mining community is a resilient one, continuously adapting to these shifts.

The economics of cryptocurrency mining offer a unique insight into the wider cryptocurrency market. The supply of newly minted coins affects the overall market supply, potentially impacting prices. Understanding these dynamics can provide investors with a deeper understanding of market cycles and trends.

But becoming a Bitcoin miner is expensive and technically demanding. So what is a regular Joe to do?

Well, you don’t need to mine Bitcoin yourself to reap the benefits of its price movements.

A while back I discovered a special "Bitcoin window" that opens near the end of every month, almost like clockwork.

And you can take advantage of this opportunity right from your regular brokerage account.

I just recorded a video where I explain it all. If you’d like to watch it, you can click here to watch it now.

Hope to see you there,

— Jeffry Turnmire

 
   
 

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