-- Published: Friday, 25 August 2017 | Print | Disqus
Highlights
Arch Crawford, head of Crawford Perspectives, wraps up a discussion on Fox News with Neil Cavuto to shed some light on the total solar eclipse.
Our guest notes the potential implications for the financial markets.
Arch finds scientific basis for much of the stress on society - tidal forces and solar flux impact the Northern Hemisphere at peak levels during the eclipse.
The intense ionization in the upper atmosphere, potentially impacts investor behavior.
The US equities correction could persist into Sept. / Oct., resulting in 8% drawdowns.
The gold market could stage a powerful advance - two consecutive daily closes above $1,300 is all that's required to make a gold bull out of Arch Crawford.
His gold forecast after that level is past, "The sky is the limit."
The discussion swerves into the cryptocurrency domain - the primary Bitcoin alternative, Ethereum (ETH) gained about 20% topping $350 this week.
Investors anticipate profit potential stemming from the impending hard fork, similar to the recent Bitcoin split into Bitcoin Cash.
Arch Crawford, head of Crawford Perspectives, wraps up a discussion on Fox News with Neil Cavuto to shed some light on the total solar eclipse that covered much of the contiguous United States this week. Our guest notes the potential implications for the financial markets, which could prove to be the most significant since the eclipse during the signing of the Declaration of Independence. Arch finds scientific basis for much of the stress on society - tidal forces and solar flux impact the Northern Hemisphere at peak levels during the eclipse, causing intense ionization in the upper atmosphere, potentially impacting investor behavior. In addition, the US equities correction could persist into Sept. / Oct., resulting in 8% drawdowns. However, the gold market could stage a powerful advance - two consecutive daily closes above $1,300 is all that's required to make a gold bull out of Arch Crawford, who notes that once that level is past, "The sky is the limit." The discussion swerves into the cryptocurrency domain - the primary Bitcoin alternative, Ethereum (ETH) gained about 20% topping $350 this week in anticipation of profit potential stemming from the impending hard fork, similar to the recent Bitcoin split into Bitcoin Cash.
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