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Gold: Prospering From Powell During The Holiday Season

Gold: Prospering From Powell During The Holiday Season

I’ve talked a lot about interest rates in the last while. I had to because they were THE reason gold moved decisively up through $2,000 per ounce and rate expectations are THE factor that will determine where gold goes from here. So the recent Federal Reserve meeting was a big one for precious metals, explains Gwen […]
Pairs In Focus This Week – AUD/USD, USD/JPY, S&P 500, Oil, Silver, Gold, EUR/USD, ETH/USD 
                    
 
 
 
 
 
 

Pairs In Focus This Week – AUD/USD, USD/JPY, S&P 500, Oil, Silver, Gold, EUR/USD, ETH/USD            

Freepik AUD/USDThe AUD/USD had a strong rally during the past trading week, surpassing the 0.68 level. It’s likely to aim for the 0.69 level, a zone with prior resistance and the 200-Week EMA. Breaking above this could lead to a move towards 0.7150. The week’s candlestick showed significant bullishness, and with growing attention on the possibility […]
US: Disinflation, Higher Unemployment And Lower Rates In 2024 – Rabobank

US: Disinflation, Higher Unemployment And Lower Rates In 2024 – Rabobank

As 2023 is coming to an end, it is time to take a look at 2024. Strategists at Rabobank sketch their baseline scenario for the next year. An eventful year We expect 2024 to kick off with budget battles and the threat of a two-step government shutdown. We expect the rise in unemployment to become more […]
Crypto Companies Bolster Political Donations 
                    
 
 
 
 
 
 
 

Crypto Companies Bolster Political Donations              

The crypto industry has significantly increased its political contributions in response to heightened scrutiny and regulatory pressure in Washington, according to a report published in the Financial Times.FreepikTop players such as Coinbase (COIN), Circle, and a16z, along with prominent individuals including Ron Conway, Fred Wilson, and the Winklevoss twins, are actively funding pro-crypto legislators and […]
Grading My 2023 Energy Sector Predictions

Grading My 2023 Energy Sector Predictions

At the beginning of each year, I make several predictions about the energy sector. You can see those predictions and read the context in Energy Sector Predictions For 2023.FreepikThere are still a few days left in 2023, but there is enough available information to gauge the accuracy of these predictions.As always, I provided predictions that were […]
What’s The Case For And Against A Japanese Company Buying US Steel?

What’s The Case For And Against A Japanese Company Buying US Steel?

Republican and Democrat opposition is mounting against Nippon (NISTF), a Japanese firm, from buying U.S. Steel (X) corporation. Biden wants scrutiny. Trump is silent. Why?Freepik U.S. Steel Bought by a Japanese Company, Thank TariffsOn December 20, I wrote U.S. Steel Bought by a Japanese Company, Thank Tariffs On Monday, U.S. Steel agreed to a takeover bid by […]
Slowing Down To Urban Speed Limits Impacts The Climate

Slowing Down To Urban Speed Limits Impacts The Climate

Yves Smith at Naked Capitalism posted this Yale Climate Connections commentary on vehicle speeds impacting urban climates. Where I live in AZ, speed limits, stop signs, and stop lights are just suggestions. They are not followed religiously and the accidents are often tragic. Quite a few crosses marking accident spots line the highway out of the city.FreepikIn […]
Paramount Casts Itself In Next Season’s M&A Hit

Paramount Casts Itself In Next Season’s M&A Hit

Merger talks between Paramount Global (PGRE) and Warner Bros Discovery (WBD) set the scene for future M&A drama. But if Paramount is in play, it’s not clear that WBD boss David Zaslav, or his $28 billion entertainment empire, are best suited for the leading role in a potential deal.UnsplashZaslav and his Paramount counterpart Bob Bakish met […]
Israel’s Eilat Port Sees 85% Drop In Activity As Mediterranean Imports Also Take Hit

Israel’s Eilat Port Sees 85% Drop In Activity As Mediterranean Imports Also Take Hit

This week the chief executive of Israel’s Eilat Port confirmed that Houthi attacks on Red Sea shipping has had a devastating impact on the rate of goods coming into the country.UnsplashCEO Gideon Golber told Reuters “you close the main shipping artery to Eilat Port. And therefore we lost 85% of total activity.” However, Eilat – which mostly handles car […]
Weekly Market Outlook – Here Comes The Santa Claus Rally 
                    
 
 

Weekly Market Outlook – Here Comes The Santa Claus Rally    

Another week, another win. That makes the eighth in a row, and while last week’s wasn’t as big as the one from the week before, it was still sizeable. The cup-and-handle breakout thrust from two weeks back is still underway.FreepikThere are some red flags starting to wave though. For instance, Wednesday’s selloff was the biggest […]