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Gold Prices: Could XAU/USD Hit $2,100 In 2024?

Gold Prices: Could XAU/USD Hit $2,100 In 2024?

Image courtesy of 123rf.comOver the past week, gold prices have increased significantly amid the ongoing conflict in the Middle East and growing convictions that the Federal Reserve reached the end of its rate-hiking campaign. Analysts believe the precious metal is only at the beginning of its rally and predict it could hit $2,100 in 2024 amid a possible […]
Hey ChatGPT, What’s A Soap Opera?

Hey ChatGPT, What’s A Soap Opera?

Today I am breaking one of my cardinal rules: I asked ChatGPT for the answer to a routine question. Given the soap opera-like circumstances surrounding OpenAI and Microsoft (MSFT) that emerged on Friday afternoon and continued through this morning, I thought the following query was appropriate: “ChatGPT soap opera.”Here’s what I got when I asked […]
2024 “Going To Be A Lot Worse” For Markets As Tech Stocks Implode

2024 “Going To Be A Lot Worse” For Markets As Tech Stocks Implode

  ↵Image Source: Pexels Heading into 2024, we may be witnessing a change in a number of trends.The October CPI numbers suggest inflation is moderating faster than expected. If that proves true, this may mean the Federal Reserve’s aggressive campaign of hiking interest rates is over.And if that is true, the 3-year beating the bond market has […]
Softs Report – Monday, Nov. 20

Softs Report – Monday, Nov. 20

COTTON General Comments: Cotton closed a little higher last week as ideas of good demand continue. The US Dollar has been weaker and economic data has been positive. The weekly export sales report was strong. The monthly USDA reports were mostly ignored as market factors. USDA increased yields and production to 13.090 million bales. Ending […]
Bullish Just Bought CoinDesk For An Undisclosed Amount

Bullish Just Bought CoinDesk For An Undisclosed Amount

Image Source: Pexels Bullish – a crypto exchange that has Tom Farley (former president of the NYSE) at the helm has bought CoinDesk for an undisclosed amount. CoinDesk had been looking for a potential suitor Owler estimates the annual revenue of CoinDesk at up to $100 million versus $0.5 million that Digital Currency Group paid to acquire the […]
Argentina’s New President Wants To Adopt The U.S. Dollar, How Would That Work?

Argentina’s New President Wants To Adopt The U.S. Dollar, How Would That Work?

Image courtesy of Statista, annotations by Mish Congratulations Argentina!This morning I commented Congratulations Argentina for Electing the World’s First Libertarian President Polls Wrong Again It was supposed to be a very close election. But the polls got it wrong again. Libertarian Javier Milei whomped Peronist Economy Minister Sergio Massa, by a margin of 56-44 percent. Milei […]
Radical Markets Continue. The Corn & Ethanol Report

Radical Markets Continue. The Corn & Ethanol Report

We kicked off the week with CB Leading Index MoM at 9:00 A.M., Export Inspections at 10:00 A.M. 3-Month & 6-Month Bill Auction at 10:30 A.M., 20-Year Bond Auction at 12:00 P.M., Milk Production at 2;00 P.M., and Crop Progress at 3:00 P.M.Photo by Waldemar on Unsplash On the Corn front, the futures are mixed as we start […]
Bitcoin: Multiple Time Frame Price Analysis (Technical Analysis)

Bitcoin: Multiple Time Frame Price Analysis (Technical Analysis)

Image Source: Unsplash If the past trends repeat, Bitcoin is poised for a large move that could last through most of 2025.Bitcoin (BTC) is months away from the next halving which is expected to be around April 17, 2024. The halving events have historically resulted in strong price appreciation for Bitcoin and altcoins. While there is no guarantee that […]
Visualizing 30 Years Of Investor Sentiment

Visualizing 30 Years Of Investor Sentiment

Sometimes investor sentiment garners attention because it provides a glimpse at how investors might behave. In this way, sentiment would influence their investment behavior, and in turn the wider stock market.To be sure, the link between sentiment and the stock market is not linear. In fact, many consider extreme sentiment readings as a contrarian indicator. […]
Tech, Energy Stocks Boost Broader Market Midday

Tech, Energy Stocks Boost Broader Market Midday

Wall Street boasts a solid midday lead, reversing a quiet start to the holiday-shortened week as tech and energy stocks boost the broader market. At last check, the Dow Jones Industrial Average (DJIA) is well in the black, while the Nasdaq Composite (IXIC) sports a triple-digit lead and, along with the S&P 500 Index (SPX), heads for its fourth-straight […]