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Can Gold Make Monthly And Weekly All Time Highs?

Can Gold Make Monthly And Weekly All Time Highs?

Image Source: Pixabay Gold faces monthly resistance at $2000 and $2010 and weekly resistance at $2025 to $2030. As we recorded, Gold was trading around $2013 with two days left in the month.Video Length: 00:07:37More By This Author:Gold Move Just Getting StartedKey Levels In Gold Into November Balancing Technical & Intermarket Analysis With Macro Drivers
Dow Up Over 340 Points As Stocks Snap Back

Dow Up Over 340 Points As Stocks Snap Back

The Dow Jones Industrial Average (DJI) is building on this morning’s gains, up 343 points at last look, while the S&P 500 (SPX) and Nasdaq Composite (IXIC) sit firmly in the black as well. The DJI and SPX are on track to snap their three-day losing streaks, coming off a rough week that saw the latter […]
Some Things That Bother Me About The Stock Market

Some Things That Bother Me About The Stock Market

Friday was an odd day. The Dow Industrials, S&P 400, and Russell 2000 were all down more than 1% while the S&P 500 was down about half that and the NASDAQ 100 was up 0.50%. The net number of stocks advancing was -1400 which was bearish. Markets rarely bottom on Friday so we look for […]
A Slow Correction

A Slow Correction

On Friday, the S&P 500 joined the Nasdaq in officially entering a correction having fallen over 10% from its July 31st high without a 10% rally in the interim. That is the 55th correction since 1952 when the five-day trading week began, and as shown below, it was one of the longer streaks for the index to […]
Bull Of The Day: Build-A-Bear Workshop

Bull Of The Day: Build-A-Bear Workshop

There is a silver lining to the market right now. With the broad market averages under so much pressure, there are a lot of stocks on sale. There are dozens of stocks that are off 20% in the last few months which are still making a ton of money. One way to find companies that […]
Ignore The Herd’s Fear Of The Fed And Of Recession. Focus On The Fund-Flows

Ignore The Herd’s Fear Of The Fed And Of Recession. Focus On The Fund-Flows

In this piece we remind readers that it is not rates or the Federal Reserve Bank that drives markets, but rather net fund-transfers from the Treasury that fee bull markets.Politics are not separate from the investment universe; market economies exist because legislators create spending-laws (sovereign currency-creation) and taxation-laws (currency-cancellation). It, therefore, is important that Congress […]
A Bitcoin Golden Cross Forms As Bullish Momentum Continues

A Bitcoin Golden Cross Forms As Bullish Momentum Continues

Bitcoin formed a bullish chart pattern known as ‘golden cross’ in the wake of its latest rally that took its price to 1.5-year high.n the wake of its latest rally, Bitcoin (BTC) appears to be forming a golden cross – a bullish formation usually considered a buy signal by traders. This formation appears when a […]
EUR/USD Technical Analysis: The Strongest Bear Control Ahead Of Important Events

EUR/USD Technical Analysis: The Strongest Bear Control Ahead Of Important Events

According to the performance on the daily chart below, the currency pair EUR/USD is still on a downward path.  During last week’s trading, the bulls’ attempts to push the EUR/USD pair higher failed, as the gains did not exceed the resistance level of 1.0695. Nearby, the currency pair soon returned to its broader downward path with losses […]
Brent Crude Holds Ground Around $90 Amid Geopolitical Tensions And Future Expiries

Brent Crude Holds Ground Around $90 Amid Geopolitical Tensions And Future Expiries

Brent crude is maintaining a steady position, trading close to $89.50 as the market endeavors to find a balance.Middle Eastern tensions remain the central focus for traders, as the on-ground operations in the region have introduced multiple uncertainties that can sway prices.Adding to the mix of factors influencing Brent crude this week is the expiration […]
A Crisis Is Already Playing Out Under The Radar

A Crisis Is Already Playing Out Under The Radar

The mainstream remains optimistic about the trajectory of the economy. Price inflation has supposedly been beaten down. GDP growth was even better than expected, and most economists have tabled their recession predictions. But in his podcast, Peter Schiff explained that it’s all an illusion. The financial crisis has already started, and it continues to play out […]