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The Clearest, Biggest, And Most Important Reversal In Gold

The Clearest, Biggest, And Most Important Reversal In Gold

Just how clear a reversal can be? Last week’s gold’s performance replies: extremely so. Implications of Gold’s Sudden Dip The implications are so crystal-clear that I’m not sure if it’s even needed to describe them. But I’ll proceed, nonetheless. The bigger the size of a given formation and the clearer it is, the more important […]
“Paul The Bear” – Doesn’t Really Ring

“Paul The Bear” – Doesn’t Really Ring

The big employment report came out on Friday and market reaction was super muted. I guess the bulls won the day but volatility has really come in as December wears on. I got an email from a troll blasting me for being bearish which may have been the funniest email all year if not longer. […]
Analytical Overview Of The Main Currency Pairs – Monday, Dec. 11

Analytical Overview Of The Main Currency Pairs – Monday, Dec. 11

Image Source: Unsplash  The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0791 Prev Close: 1.0756 % chg. over the last day: -0.32 % Friday’s US economic news was hawkish for Fed policy and bullish for the dollar. Nonfarm payrolls for November rose by 199,000, exceeding expectations of 185,000. The November unemployment rate fell by 0.2% to a 4-month low of 3.7%, […]
USD/JPY Rallies Above 146.00 As The BoJ Cools Hopes Of An Imminent Policy Shift

USD/JPY Rallies Above 146.00 As The BoJ Cools Hopes Of An Imminent Policy Shift

Image Source: DepositPhotos   The Yen dives as on dovish comments by BoJ officials. Dwindling hopes of Fed cuts are underpinning support for the USD. USD/JPY is likely to find resistance at the 146.85 area. The US Dollar is extending its recovery, as comments from BoJ officials have poured cold water on investors’ expectations that the […]
Gold Close To $1990, And Silver Falls Below $23.00

Gold Close To $1990, And Silver Falls Below $23.00

Gold chart analysisDuring the Asian trading session, the price of gold continued to retreat, falling to the $1991 level. We broke below last week’s low at $1995, and a new December low was formed. We remain in that zone under pressure to make a new breakout below and fall to this week’s new low. Potential […]
Crypto Stocks Decline As Bitcoin Retreats To $42,000

Crypto Stocks Decline As Bitcoin Retreats To $42,000

Image Source: Unsplash  Cryptocurrency-related stocks tumbled sharply at the Monday open, echoing Bitcoin’s retreat below $42,000.Bitcoin retreated from its recently-set highs and dipped below $42,000 on Monday, dragging crypto-related stocks into a sea of red. Shares of crypto-related stocks like Coinbase (Nasdaq: COIN), Marathon Digital (Nasdaq: MARA), MicroStrategy (Nasdaq: MSTR), and Riot Blockchain (Nasdaq: RIOT) saw […]
Bear Of The Day: Dollar General

Bear Of The Day: Dollar General

Image Source: DepositPhotosDollar General (DG) delivered a mixed Q3 earnings report last Thursday and I wanted to provide an update after my colleague Derek Lewis reported on the company’s downward earnings trend last month.In mid-November, Derek wrote “Analysts have taken a bearish stance on the company’s earnings outlook, with expectations decreasing across all timeframes over the […]
The Steady Surge Of The US Dollar

The Steady Surge Of The US Dollar

Image Source: Pixabay  As the week unfolds, the US dollar stands firm, driven by a confluence of factors that include a pivotal reading on US inflation and the Federal Reserve’s conclusive policy meeting for the year. The greenback’s resilience is noteworthy, especially in light of rising deflationary pressures in China that weigh on the yuan. In […]
The Canadian Cannabis Report – Monday, Dec. 11

The Canadian Cannabis Report – Monday, Dec. 11

For the trading week that ended December 8, 2023, my proprietary Canadian Cannabis Company Index (MCCCI) increased by 4.2% compared to the prior week when it increased by 10.4%. The index consists of 14 stocks, many of which are among the most widely held holdings of the 3 ETFs (MJ, CNBS, and THCX) that I consider to […]
Survey Shows Stock Sentiment Weakening, But AI Race Could Be The Opportunity

Survey Shows Stock Sentiment Weakening, But AI Race Could Be The Opportunity

Investors have been focused on jobs data as initial jobless claims reported on Thursday were 220,000 while continuing claims came in at 1.861 million.The market is clinging to each data point to see if the economy can continue with this Goldilocks scenario where the labor market cools just enough to take pressure off wages but […]