December 2023 - Page 185 of 232 -

Gold Price Is Front Running 2024 Rate Cuts

Dec 06, 2023 Jeremy Parkinson Finance 0

Image Source: PixabayImage Source: PixabayThe gold price is off of its all-time highs that it set on Friday of last week, and again on Sunday night. But it’s still trading over the $2,000 mark, and about $200 higher than where it stood during early October.What’s driving the rally, and why does the gold price keep popping above […]

Bullish Signs For Precious Metals Miners, But Crypto Correlation Looms

Dec 06, 2023 Jeremy Parkinson Finance 0

Image Source: PixabayBoth the precious metals mining ETFs, GDX and GDXJ, respectively shown below, have formed good-looking inverted head & shoulders patterns, which are bullish. if they can maintain support above Tuesday’s lows, they should be good-to-go for a launch higher.The only “gotcha”, ironically, could be crypto. I’ve used a layered chart to illustrate the remarkable […]

Metals Report For Wednesday, December 6

Dec 06, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:11:48More By This Author:SPDR ETF Report For Tuesday, December 5Financial Markets Report For Tuesday, December 5Metals Report For Tuesday, December 5

Top Apparel Stocks Hitting 52-Week Highs In December

Dec 06, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashThe holiday shopping season is a focal point for retailers and apparel companies with the last few months being very kind to Abercrombie & Fitch (ANF) and Addidas’ (ADDYY) stock.With Christmas approaching, Abercrombie and Adidas shares may be early to what is hopefully an end-of-the-year and infamous Santa Clause rally. Hitting their 52-week highs this week […]

EUR/USD Posts Modest Gains Around 1.0770 Ahead Of Eurozone GDP, US Jobless Claims

Dec 06, 2023 Jeremy Parkinson Finance 0

Image Source: Pixabay EUR/USD attracts some buyers amid the risk-on mood. ADP private payrolls came in worse than expected, rising 103K in November vs. 106K prior. Eurozone Retail Sales rose 0.1% MoM in October vs -0.1% prior, below the market consensus of 0.2%. The Eurozone GDP for Q3 and US Jobless Claims will be the highlights […]

Tiger Woods Past The Peak? Reports Say Longtime Nike Partnership May End

Dec 06, 2023 Jeremy Parkinson Finance 0

Image Source: UnsplashA major shakeup might hit the golf world as early as next week, with reports suggesting that Tiger Woods’ nearly 30-year sponsorship deal with Nike (NKE) may end following the PNC Championship in Orlando, Florida.Since 1996, Woods has been the face of Nike’s golf business. Over the years, he has made hundreds of millions […]

Approaching Rough Waters: A Cautionary Look At Royal Caribbean

Dec 06, 2023 Jeremy Parkinson Finance 0

Image Source: PexelsI’m not going near it, since I’ve been burned too many times, but I feel compelled to point out Royal Carribean (RCL) as a short idea. The reason? Well, it has zipped about 80% higher in just a couple of months, and now it has banged right up against its channel’s midline.I’m not sure […]

Stock Market Topping: SP500, NASDAQ, DAX 40, FTSE 100, ASX200. Elliott Wave

Dec 06, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashUS Indices Wave 2 retracement in progress and we will look to buy the low of wave 2 in due course. The SP500, Nasdaq 100, Russell 200 and the DAX 40 have this pattern. The FTSE 100 and the ASX 200 have different patterns, however these markets will follow the same intraday moments as […]

Macro: GDPNow – 1.3%

Dec 06, 2023 Jeremy Parkinson Finance 0

Image source: PixabayThe Nowcast for 4th quarter GDP is up .1% to 1.3% growth with the addition of this week’s data. Auto sales and manufacturing orders were the main reports driving this slight uptick. The forecasts were raised for personal consumption expenditures as well as business equipment purchases.More By This Author:Macro: ADP EmploymentMacro: Durable GoodsGDPNow — […]

Polish Central Bank Buys Gold According To Secret EU Plan

Dec 06, 2023 Jeremy Parkinson Finance 0

The Polish central bank has bought roughly 300 tonnes of gold in recent years to bring its gold to GDP ratio in line with the average in the eurozone. For medium and large economies in the eurozone, to which Poland might be included in the future, an equal monetary gold to GDP ratio is a […]