Gold’s Bull Run Is Not Just A US Dollar Story
Last week, I had the pleasure of hosting a webcast on gold and gold mining stocks, and I was happy to be joined by portfolio manager Ralph Aldis. Thanks to all who participated!Regretfully, I’m not permitted to share a replay of our discussion since it was intended for financial advisors, but there are a few […]
Eurozone PMI Signals A Pickup In Growth
Image source: Pixabay The PMI increased from 50.3 to 51.4 in April, suggesting that the Eurozone economy is finally leaving stagnation and returning to growth at the start of the second quarter. Inflationary pressures remain for the service sector but don’t expect this to deter the ECB from cutting ratesThe Eurozone economy is slowly getting out […]
Bigger Trend Is Still Up For The Market
SPX Monitoring purposes; Long SPX 4/12/24 at 5123.41.Our Gain 1/1/23 to 12/31/23 SPX= 28.12%; SPX gain 23.38%Monitoring purposes GOLD: Long GDX on 10/9/20 at 40.78.Our gain for 2023 came in at 28.12% and SPX gain for 2023 came in at 23.38. We made 8 SPX trades with one loss and 7 wins in 2023.Above is […]
Post-Halving: How Have Bitcoin, Cryptos, Crypto Stocks Performed?
Bitcoin’s much-hyped “halving” has come and gone.According to data from mempool.space and Blockchain.com, the “halving” occurred at 8:10 PM New York time on Friday, April 19th.This highly-awaited quadrennial episode, which has historically occurred about once every 4 years, slashes the rewards for Bitcoin miners in half.“Halvings” make new Bitcoins scarcer, and the limited incoming supply has historically pushed prices higher. And since that […]
S&P 500: Upcoming Earnings Lift Hope
Did yesterday’s rebound mark the end of the correction?Monday’s trading session was quite bullish, with the S&P 500 index climbing by 0.87% and closing above 5,000 level following its sell-off last week. On Friday, the index hit a new medium-term low of 4,953.56. This marked its lowest level since late February, with a decline of […]
The Magnificent Seven Are Struggling- What Might It Mean?
Over the last few weeks, the market tone has changed. The S&P 500 is no longer tracking a steadily rising trend line higher. Further, the most recent market outperformers are very different from the Magnificent Seven, which led the way higher over the last six months. For investors, the changes lead to important questions. For […]
The Commodities Feed: Middle East Tensions Ease
Photo by Timothy Newman on Unsplash The oil market traded little changed in the early trading session today as part of a broader risk-off move across markets. Meanwhile, the LME aluminium tom-next spread surged to the highest level since May 2021, with on-warrant stocks falling to record lows sending supply jitters to the market. Energy – Oil trades […]
BTC/USD Forex Signal: Bitcoin Price Could Retest $70k After Halving
Bullish view Buy the BTC/USD pair and set a take-profit at 70,000. Add a stop-loss at 64,000. Timeline: 1-2 days. Bearish view Set a sell-stop at 65,000 and a take-profit at 63,000. Add a stop-loss at 69,000. Bitcoin has staged a strong recovery in the past few days as investors cheered last Friday’s halving event. The […]
Australian Dollar Rises On Strong Economic Indicators
The AUD/USD pair is experiencing upward momentum for the second consecutive day, reaching a one-week high near 0.6453 on Tuesday. This positive movement comes after a period of rapid decline and is supported by encouraging economic data from Australia.The latest manufacturing PMI report for April significantly contributed to the Australian dollar’s appreciation. It showed an […]
USD/JPY Outlook: Intervention Warnings Mildly Lift Yen
The USD/JPY outlook leans slightly bearish as the yen responds to stern warnings against its decline. Japanese authorities made clear on Tuesday their readiness to intervene. They signaled a determined stance to halt any further depreciation of their currency.Japan’s finance minister, Shunichi Suzuki, noted a greater likelihood of intervening in the market after the US […]
