December 2023 - Page 146 of 232 -

Gold Forecast: Somehow Falls Again

Dec 12, 2023 Jeremy Parkinson Finance 0

The gold market experienced another decline during Monday’s trading session, under the weight of persistent downward pressure. FreepikThe 50-Day EMA, situated below, implies the potential for limited support. It is evident that the market has undergone a significant and rapid descent since the occurrence of the notable “blow off top” a couple of weeks ago. Given the current […]

Chart Of The Day: Smith-Midland – Undiscovered Concrete Products Company

Dec 12, 2023 Jeremy Parkinson Finance 0

TM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Image Source: Pixabay The Chart of the Day belongs to the concrete products company Smith-Midlands (SMID). I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted […]

SNAP Hits 15-Month High As Advertising Outlook Improves

Dec 12, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Snap’s shares closed at a nearly 15-month high on Monday following a surge driven by Wells Fargo’s bullish report.Shares of Snapchat (NYSE: SNAP) climbed over 4.3% to close at $15.75 on Monday, the highest price for the stock in roughly 15 months. In addition to the broader market rebound, Snap’s recent gains have […]

Blackrock Predicts Low Carbon Transition Mega Force Will Drive Major Investment Opportunities In 2024

Dec 12, 2023 Jeremy Parkinson Finance 0

Investment giant BlackRock (BLK) announced today the release of its 2024 Private Markets Outlook, identifying the low-carbon transition as one of a few key “mega forces” that it expects to drive “major investment opportunities” over the next year, and calling out specific infrastructure-related areas including clean energy and electrification.FreepikIn its report, BlackRock highlights the “massive […]

Peter Schiff: Joe Biden Doesn’t Have Anything To Take Credit For

Dec 12, 2023 Jeremy Parkinson Finance 0

Most mainstream pundits characterized the November jobs report as a “Goldilocks” report. Job growth was strong enough to support the “soft landing” narrative but not so strong it might scare the Fed into raising interest rates again.FreepikPresident Joe Biden used the report to boast about his economic achievements. But according to Peter Schiff, Biden doesn’t have anything to […]

Bitcoin Keeps Above $40k Ahead Of US Inflation Data

Dec 12, 2023 Jeremy Parkinson Finance 0

The world’s largest crypto is looking for a more solid footing after suffering its biggest one-day drop since March 2023.Bitcoin fell by almost 6% yesterday (Monday, December 11th), though found support around the psychologically-important $40,000 line, as well as around its 21-day simple moving average (SMA). At the time of writing however, prices are attempting a recovery. Why has Bitcoin fallen recently? […]

Elliott Wave Technical Analysis: Theta Token/ U.S. Dollar

Dec 12, 2023 Jeremy Parkinson Finance 0

Image Source: Pixabay Elliott Wave Analysis TradingLounge Daily Chart, 12 December 2023.Theta token/ U.S. Dollar(THETAUSD)THETAUSD Elliott Wave Technical AnalysisFunction: Counter trendMode: CorrectiveStructure: FlatPosition: Wave (2)Direction Next higher Degrees: wave ((2)) of ImpulseWave Cancel invalid Level:Details: Retracement of wave ((2)) usually .50 or .618 x Length wave ((1))Theta token/ U.S. Dollar(THETAUSD) Trading Strategy: Theta token is likely […]

Investors Await CPI And Fed As Metal Tests Key Support

Dec 12, 2023 Jeremy Parkinson Finance 0

Image Source: Pixabay Following Friday’s stronger US data, both gold and silver slumped to close the week sharply lower, even if the former had hit a new record high at the start of last week and the latter reaching its best level since May. The metals broke down as the dollar and bond yields rebounded after […]

Crude Oil Commentary – Tuesday, Dec. 12

Dec 12, 2023 Jeremy Parkinson Finance 0

Image Source: Pixabay Oversupply ConcernsCrude oil prices are rising today and are on course to post their fourth consecutive session in the green. However, the recovery looks tepid, and bullish momentum looks weak against the scale of the declines we’ve seen in recent months. Crude futures are down almost 30% from the YTD highs and look […]

Bank Of Japan’s Statements Mislead Investors

Dec 12, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash As of Monday’s stock market close, the Dow Jones Index (US30) was up by 0.43%, while the S&P 500 Index (US500) added 0.39%. The Nasdaq Technology Index (US100) closed positive by 0.20% yesterday. Stocks found support on Monday on expectations that US consumer prices will continue to decline. Today, the CPI report for November will be released. US CPI is […]