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Tanzania Central Bank Announces Plan To Buy More Gold

Tanzania Central Bank Announces Plan To Buy More Gold

Image Source: Pixabay The Bank of Tanzania plans to buy 12 tons of gold during the fiscal year in an effort to boost its foreign exchange reserves. The East African nation joins a growing number of central banks turning to gold.Tanzania Minister for Minerals Anthony Mavunde said the central bank will purchase gold from domestic miners and refiners in […]
Stocks Flat Despite Improving Consumer Sentiment

Stocks Flat Despite Improving Consumer Sentiment

Stocks are muted this afternoon, with both the Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) trading near breakeven. The former’s win streak is at risk, but the Nasdaq Composite (IXIC) remains on track for a 10th-straight daily gain. Wall Street has plenty of economic data to unpack today, including a better-than-expected consumer confidence index reading of […]
Chart Of The Day: Mirion Technologies – Specialty Instruments

Chart Of The Day: Mirion Technologies – Specialty Instruments

Image Source: Pixabay   100% technical buy signals 17 new highs and up 19.07% in the last month 64.10+ Weighted Alpha The Chart of the Day belongs to the specialty industrial machinery company Mirion Technologies (MIR). I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, […]
Canopy Growth: What Next For The Vulnerable CGC Stock?

Canopy Growth: What Next For The Vulnerable CGC Stock?

Image Source: Unsplash Canopy Growth’s (Nasdaq: CGC) stock price had a tough performance in 2023. It started the year well as it peaked at $32.18 in February before diving to the year-to-date low of $3.43. This crash was in line with other cannabis stocks like Tilray Brands, Scotts Miracle, Aurora Cannabis, and Innovative Industrial Properties. The AdvisorShares Pure […]
Mizuho Ups Affirm’s PT To $65 After Stock Surges 15% Over A Day

Mizuho Ups Affirm’s PT To $65 After Stock Surges 15% Over A Day

Image courtesy of 123rf.com Shares of Affirm (Nasdaq: AFRM) popped over 15% on Tuesday, bringing the fintech firm’s stock price to the highest level since February 2022 on the news of a fresh deal with retail giant Walmart. Subsequently, Mizuho analysts raised their price target on Mizuho on Wednesday from $30 to $65.  Affirm to Add Pay-Over-Time Option at […]
Palladium Can Be Bottoming

Palladium Can Be Bottoming

Image Source: Pixabay Palladium is finally bouncing sharply back above the important channel resistance line after a completed larger (A)-(B)-(C) corrective decline.It indicates that strong support is in place, so be aware of a bullish reversal, especially if breaks 1300 first bullish evidence level. Bullish confirmation is above 1750 region. More By This Author:Elliott Wave Video: […]
Hey, Remember About Gold Price’s Powerful Reversal?

Hey, Remember About Gold Price’s Powerful Reversal?

Image Source: Pixabay Gold price has been falling in today’s pre-market trading, but… Given the recent (HUGE!) weekly reversal, does it really surprise anyone?Well, it might surprise those that easily forget what happened in the previous weeks and focus on just the day-to-day price swings, but the truth is that the context provided by previous weeks, […]
Existing Home Sales Try To Find A Bottom, While Severe Bifurcation With New Home Market Continues

Existing Home Sales Try To Find A Bottom, While Severe Bifurcation With New Home Market Continues

Existing home sales rose 3,000 on a seasonally adjusted annualized basis in November. They are likely in the process of bottoming, as they have been in the range of 3.79 million to 4.10 million for the past five months: As a reminder, though, on a longer term basis, sales are down to nearly 30 year […]
Runaway Momentum Crushing Everything In Its Way

Runaway Momentum Crushing Everything In Its Way

It is pretty amazing what momentum can do in the markets. Once that ball gets rolling strongly in one direction it can powerfully build and build and then crush everything in its way, kind of like an avalanche which I know a little about. Let’s take a quick look.Below is the S&P 500. From the […]
US Existing Home Sales Unexpectedly Limp Higher In Nov, Off Record Lows

US Existing Home Sales Unexpectedly Limp Higher In Nov, Off Record Lows

Despite homebuilder sentiment ticking up (along with their stock prices) and housing starts soaring – buoyed by a 100bps decline from multi-decade highs in mortgage rates – analysts expected a small 0.4% MoM decline in existing home sales in November (after October’s big drop).Instead, existing home sales beat expectations by rising 0.8% MoM in November, which […]