The Most Famous Selfie from CES 2020

Monday, 13 January 2020
London, UK
By Sam Volkering

  • Markets
  • Rare Earths Buy Signal Close

[Ed Note: Don’t forget to continue reading down to the second article today to view your weekly update and video from Murray Dawes. In today’s video, Murray points to a possible buy signal in rare earths that should put traders on high alert. Watch the video below to find out why.]

I’m not going to lie, for a large part of today I thought it was Friday. Then after properly waking up, I was convinced I’d been home for two days. The reality was I’d only gotten home the night before.

If anyone can come up with tech that eliminates jet lag instantly not only will I bankroll your start-up costs, but together we’ll make billions!

I’ve only just got back to the UK from CES (Consumer Electronics Show) in Las Vegas. And If you’re a subscriber to any of my newsletters, you’ll know it’s been a hectic week. I wore my Fitbit each day and it recorded that I covered on average of 12.5km across the exhibition floors each day. I was there from Saturday afternoon through to Thursday night.

That’s 62.5km of exhibition floor coverage. More than a marathon…albeit spread over a few days. But to be fair, that’s about how long it’d take me to do a marathon at the supped I run at anyway.

The beauty of CES is that it’s a combination of conference/exhibition/trade show/playground for nerds. I fit into all those categories.

It means I got to attend thought provoking conference sessions each day. And then went and played around on the exhibition floor with some of the latest breakthrough tech on and about to hit consumer markets.

It’s full on. But I love it. Easily the best conference of the year. And the location is OK as well. Albeit, casinos suck. But there’s still loads to do in Vegas in your downtime. Except when you’ve got no downtime, the whole week passed in a flash.

I did get to hit up a couple of hours at TopGolf before my flight on Thursday night, though. Interestingly, I was also reading today that TopGolf might be priming for an IPO in 2020. The estimates are a valuation of around US$4 billion based on recent funding rounds.

I’m going to say it now, that’s an IPO I think we should be keeping an eye on. They’ve cornered a market that I don’t think there will be much competition in. But more on that once IPO details emerge.

Before we continue our dive into CES, let’s take a look at the markets…

Markets

Over the weekend, the Dow Jones Industrial Average closed down 133.13 points, or 0.46%.

The S&P 500 closed down 9.35 points, or 0.29%.

In Europe the Euro Stoxx 50 index closed down 6.36 points, or 0.17%. Meanwhile, the FTSE 100 lost 0.14%, and Germany’s DAX closed down 11.75 points, or 0.087%.

In Asian markets Japan’s Nikkei 225 is up 110.70 points, or 0.47%. China’s CSI 300 is up 0.31%.

The S&P/ASX 200 is down 36.00 points, or 0.52%.

West Texas Intermediate crude oil is US$59.08 per barrel. Brent crude is US$64.98 per barrel.

Turning to gold, the yellow metal is trading for US$1,556.49 (AU$2,250.37) per troy ounce. Silver is US$18.05 (AU$26.10) per troy ounce.

One bitcoin is worth US$8,107.78.

The Aussie dollar is worth 69.15 US cents.

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Back to the CES thing. Seeing as I’ve been there all week, I thought I should use these next two days to fill you in on what I consider to be two of the biggest stories and opportunities.

I’ll talk to you about one today and more detail on the other tomorrow while I’m filling in for Bernd at the start of this week.

The great thing about CES is that it’s full of people from all over the world. I’ve got to meet people in tech from the US, UK, Korea, China, Australia and Japan (just to name a few).

On top of regular ‘tech people’ there’s even been a few sessions with bonafide celebrities.

Names like Alicia Keys, Terry Crews, Clyde Drexler, Mandy Moore and Stephanie McMahon have all been in and around different conference sessions this week.

Now, I’m not one to get all fanboy and geek out. So, no selfies with any celebrities. It’s not my style.

Actually…I tell a little white lie.

There was one selfie I got that I did ‘geek out’ over a little. I’d consider my ‘celebrity selfie’ to be perhaps the most interesting celebrity of the 21st century. A name that will be on the lips of every household in the country…perhaps in the world over the next decade.

Here’s the photo…


Money Morning

Source: Editor’s own photo

[Click to open in a new window]

Do you know who’s in the selfie with me? You should. But in case you don’t know, here’s another photo with the name of this celebrity.


Money Morning

Source: Editor’s own photo

[Click to open in a new window]

Yep, I got a selfie with the world’s quantum computing celebrity, the IBM Q System One. That’s IBM’s most advanced quantum computer. The one that’s battling it out with Google for real, and sustainable quantum supremacy.

Now, you might not consider this a celebrity. But think of getting a chance to see and have a photo taken with the first ever car. Or the first ever airplane. Or the first ever computer.

I consider my photo to be in the same ballpark as if I’d been able to get a photo with the original Wright Brothers ‘Flyer’. Or the Benz Patent Motorwagen.

That’s how we may look back in history at the IBM Q System One. Of course, it’s hard to envision that future right now. But it’s coming. Quantum computing is coming and over this coming decade there’s a good chance it will be as ubiquitous as personal computers.

Or as I’ve said before, by the end of this decade we may just all have our own PQCs in our homes. If that’s how this plays out, then there’s a lot to get excited about in this coming decade.

And I believe a lot of it rests with the progress of companies like IBM. But a lot of it also rests with pioneering companies that aren’t the likes of IBM or Google.

Now if you’re a subscriber to Revolutionary Tech Investor, then you’ll know exactly the kinds of companies I’m talking about. That’s because one of them is our latest recommendation, one that could blow apart the world of quantum computing. A company that the markets simply don’t know about yet, but when they do this quantum computing pioneer could explode in value.

Of course, if you want to find out about this stock and other breakthrough pioneers that I uncover at places like CES, then you might want to head on over to Revolutionary Tech Investor and check it all out for yourself.

After taking my selfie with System One, one of IBM’s head scientists working on the project was available to chat. He began to talk to a few of us about the levels of temperature needed to operate the system. At one point he said that he’ll set the system to cool on a Friday and come in on a Monday for it ready to go.

In other words, to get it to the operating temperature needed, it’s not as simple as flicking the on switch and away you go.

But what if quantum computing could get to a place where a consumer sized machine could just flick a switch and go?

Right now no one is going to want to have a machine in their house that’s has to run at the same temperature as space to function properly. And no one wants a machine that you flick on a Friday night and is ready to go Monday morning.

Quantum computing is setting up to be one of the biggest tech stories of this decade. While you will continue to hear about things like AI, IoT, blockchain, mixed reality and connected cities, the true potential of all these technologies won’t be unlocked until the age of quantum sets in.

But until we’re at a place where quantum computing is as simple as the flick of a switch, then it’s all a moot point.

However there is one company, the one we’ve identified in Revolutionary Tech Investor that could unlock all that potential. And they could prove it by the end of 2020. Quantum computing has the potential to unlock wealth creation the likes we haven’t seen since the PC revolution and the birth of the internet. And this tiny unknown stock could be at the heart of this mega boom.

Outside of IBM and Google, there’s very little in the way of investable opportunities in the quantum computing space. That precisely why we’re excited about our little quantum computing stock in Revolutionary Tech Investor.

Not only is their tech truly game changing, but once the investment markets switch on to this hidden gem, we think there will be a mass rush to get a slice of one of the most exciting, yet unknown quantum computing companies in the world.

There’s no doubt in my mind, and the mind of the world’s leading authorities in tech that quantum computing will change the course of history over the next decade. It’s set to be one of the most transformational tech booms of the next 10 years.

It’s a wave you want to be on now and ride through to its full potential. Wait too long and it will be like missing out on the early days of the PC or internet boom. That’s a mistake you don’t want to make as we enter the 2020s.

That’s all from me today, please continue below to view your weekly Monday update and video from Alpha Wave Trader’s Murray Dawes.

Regards,

Sam Volkering,
Editor, Revolutionary Tech Investor


Rare Earths Buy Signal Close

[Rare earth prices have been in a bear market for many years after the huge rally in 2011. But they are showing signs of life according to Murray’s model of how trends change. Click on the picture to see Murray’s analysis.]

After a flurry of buying in the rare earth sector last year after China threatened to cut the US off from rare earths during the trade war, prices turned back down and retested multi-year lows.

Traders who jumped into rare earth stocks on the spike were probably shaken out by the sell-off, disappointed that there was no follow through.

The big picture remains bullish, in my view, as a result of the need for the rest of the world to wean itself off reliance on Chinese rare earths in the long-term. China is also clamping down on illegal rare earth operations which will increase demand for alternative supplies.

The technical situation in rare earth prices will look very compelling if the Van Eck Rare Earth ETF [CBOE:REMX] can close the month above $14.06, which will confirm a monthly buy pivot.

If you want to learn how markets change trends, then my analysis of REMX in today’s update is worth watching. It will give you an insight into the ‘hint’ that I need to see before I start watching a market closely and searching for an entry point.

I need to see concrete signs that a trend is changing direction, but I don’t chase the market higher. I wait for traders to be shaken out of positions before I am willing to enter. Once a large retracement of a major wave occurs, I wait for a monthly or quarterly pivot in the direction I want to trade.

It doesn’t end there.

There is a final calculation that I make once the pivot is confirmed and that is what gives me the best risk/reward on the trade. But I keep that calculation for Alpha Wave Trader members for obvious reasons.

The chart for REMX Is a great example of why I focus on buy and sell pivots on monthly and quarterly charts to inform my trading. They give you signals as soon as momentum shifts, and they also keep you out of trouble when the trend is strong against you. I explain it all in detail in the video above.

Regards,

Murray Dawes,
Editor, Alpha Wave Trader