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Silver About To Break Out Of Massive 90 Year Triangle Formation Building Since 1933

Silver About To Break Out Of Massive 90 Year Triangle Formation Building Since 1933

Image Source: Pixabay Silver appears to be on the verge breaking out of a 90-year triangle formation dating back to 1933 when silver was only 25 cents an ounce. At the same time, Newmont Mining (NEM), the largest world’s largest gold miner, just saw record trading volume this month, and Newmont shares have been trading since […]
Bulls Surprising Even Me

Bulls Surprising Even Me

The markets had a nice markup into month-end on Thursday. It was one of those “funny” last 30 minutes when everything suddenly jumped higher as if someone was manipulating it. Surely, that would never happen. We have the final month of the year beginning today and it is a positive seasonal day. A week ago, […]
November Recap: 7 Largest American Cannabis MSOs Jumped 40%, On Average

November Recap: 7 Largest American Cannabis MSOs Jumped 40%, On Average

Image Source: Unsplash Below are the performances of the 7 constituents in the munKNEE American Cannabis MSOs Index, in descending order, based on their performances in November, and any recent news about them.  American Cannabis MSOs Index Ayr Wellness (AYRWF): UP 78.8% in November Read: AYR Wellness Reports Third Quarter 2023 Results Cresco Labs (CRLBF): UP 45.7% in November […]
Crude Oil Heading Back Down Once Again

Crude Oil Heading Back Down Once Again

Image Source: Pixabay West Texas Intermediate (WTI) Crude Oil is seeing a choppy session during Friday’s late-week trading, climbing back towards $77.00 per barrel before falling once more towards $74.50 as oil markets whip. Crude Oil saw a sharp rejection on Thursday as investors remain skeptical the Organization of the Petroleum Exporting Countries (OPEC) will be […]
The United States Has A Spending Problem

The United States Has A Spending Problem

Image Source: Pixabay Anthony Pompliano calls into question the merits of the efficient market hypothesis, talks through how the lottery of pessimism shapes the stock market and other markets, explains why “most VCs are full of sh*t”, attributes declining religion and patriotism to a potential passion crisis, and breaks down the future of crypto in the […]
Traders Hear What They Want From Powell

Traders Hear What They Want From Powell

Image Source: Pexels I apologize if today’s headline is inadvertently misleading. One way to read it is that Chair Powell gave a uniformly market-friendly set of opening remarks this morning at Spelman College. The other way is what I intended – that yet again traders focused on the parts of his address that fit their preferred […]
Private-Asset Binge Exposes Insurance To New Risks

Private-Asset Binge Exposes Insurance To New Risks

Image Source: Pixabay Alternative asset managers and U.S. insurers have come together to create a highly profitable version of pass-the-parcel. Regulators, bank executives, and investors warn that this fast-growing alliance could be the source of the next financial crisis. Are they right? Insurers have plentiful safeguards to stop them going off the rails. The problem comes […]
“A November To Remember”: The Best And Worst Performing Assets In November And YTD

“A November To Remember”: The Best And Worst Performing Assets In November And YTD

With December starting off strong, largely thanks to what the market is interpreting as dovish comments from Fed Chair Powell at his fireside chat, it is November that was truly a memorable month; in fact thanks to the biggest easing in financial conditions in history… … November was the 2nd strongest November for the S&P since the […]
Market Leader Nvidia Struggling At Key Fibonacci Resistance

Market Leader Nvidia Struggling At Key Fibonacci Resistance

Image Source: Pixabay Technology stocks have led the market higher for nearly 2 decades. Semiconductors have been a big part of that leadership.And the leader of all leaders, Nvidia (NVDA), has helped the Nasdaq soar over the past year.But its leadership has come into question of late… is Nvidia’s stock price stalling out at a key price level?Today […]
Fed Chair Powell Speaks: ‘Markets Are Still In A Good Place’

Fed Chair Powell Speaks: ‘Markets Are Still In A Good Place’

Image Source: Pexels The S&P 500 is trending up at writing even after Jerome Powell – the Chair of the Federal Reserve dubbed it “premature” to expect aggressive rate cuts in 2024. BMO analyst shares view on S&P 500 Powell told his spectators at Spelman College in Atlanta on Friday that the Federal Open Market Committee will stick […]