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Bitcoin Price Slips Below $70000 In Search Of Support

Bitcoin Price Slips Below $70000 In Search Of Support

Bitcoin chart analysisThe price of Bitcoin rose to $71,587 on Thursday. We failed to move above the $72000 level again. A new bearish consolidation and pullback below $71000 was initiated from the new resistance. This morning, we also broke below that support and continued below $70500.In the zone around $70200, we come across the EMA50 […]
General Dynamics Dividend Stock Analysis

General Dynamics Dividend Stock Analysis

Image Source: Unsplash  Linked here is a detailed quantitative analysis of General Dynamics (GD). Below are some highlights from the above linked analysis:Company Description: General Dynamics is the world’s fourth largest military contractor, and also one of the world’s biggest manufacturers of corporate jets.Fair Value: In calculating fair value, I consider the NPV MMA Differential Fair Value along with these […]
Today Most Financial Markets Are Closed Due To The Good Friday Holiday

Today Most Financial Markets Are Closed Due To The Good Friday Holiday

Image Source: DepositPhotosAs of Wednesday’s stock market close, the Dow Jones Index (US30) was up 0.12%. The S&P 500 Index (US500) added 0.11%, setting an all-time high. The NASDAQ Technology Index (US100) closed negative 0.14%. Stocks received some support from Thursday’s upwardly revised fourth-quarter GDP report. In contrast, the core PCE price deflator was revised downward, reinforcing the prospect of a soft […]
March Recap: 5 Largest Canadian Cannabis LPs Up 65%, On Average

March Recap: 5 Largest Canadian Cannabis LPs Up 65%, On Average

Image Source: Unsplash  A historic vote in Germany in March decriminalizing the sale of cannabis there sparked a rally in shares of Canadian cannabis LP stocks by 64.6% during the month.Below is how each of the 5 constituents in the munKNEE Canadian Cannabis LP Stocks Index performed in March and how well they have performed YTD: Canopy […]
United States GDP Expanded In Fourth Quarter By 3.4% 
                    
Market Reaction – US Dollar Steady, Stock Markets Shrug 
 

United States GDP Expanded In Fourth Quarter By 3.4% Market Reaction – US Dollar Steady, Stock Markets Shrug   

Image Source: DepositPhotosUS GDP grows 3.4% in Q4 2023, with consumer spending and investment up. Dollar steady, stocks unmoved. Canada’s GDP rebounds, hinting at solid 2024 start.US GDP rises 3.4%, Canada GDP rebounds; US dollar steady, while stock markets show little movement following the announcement.United States GDP for fourth quarter 2023, released earlier today, indicated that the […]
Key Events In Developed Markets For The Week Of April 1

Key Events In Developed Markets For The Week Of April 1

Image Source: Pixabay  Inflation and labor market data will be in the spotlight in the Eurozone next week. We expect services inflation to be impacted by the Easter effect and unemployment to remain unchanged. The US jobs report will also be in focus, with payrolls expected to rise by just under 200k. In the UK, the BoE’s CFO survey will likely […]
Gold’s Price Reaches New Heights Amid Global Market Uncertainty

Gold’s Price Reaches New Heights Amid Global Market Uncertainty

On Friday, the price of gold reached an unprecedented peak, soaring above 2,230 USD. The global capital market experienced low activity due to the observance of Good Friday in many Catholic countries, leading to abrupt movements by investors.The surge in gold prices is primarily attributed to anticipations that global financial regulators will lower lending costs […]
Gold Soars To Record Highs

Gold Soars To Record Highs

In this Easter holiday shortened week, gold soared to new highs, while silver has yet to catch up. At the close of play last night in New York, gold was $2233, up $70, and silver traded at $24.94, up a net $28 cents. Volumes on Comex were healthy, rather than spectacular:Interestingly, gold’s Open Interest has […]
BTC/USD Forecast: Continues To Look Bullish 
                    
We Can Go Higher Still

BTC/USD Forecast: Continues To Look Bullish We Can Go Higher Still

I think this is a situation where if we can continue to go higher, then the $75,000 level would be worth paying attention to because it is a large round number and it did of course cause a certain amount of noise in general.  The Bitcoin market has rallied slightly during the early hours of […]
The Recession Is Here, And It’s Worse Than You Think

The Recession Is Here, And It’s Worse Than You Think

Image Source: Pixabay  We keep getting more and more recession confirmation. Soft data comes in ugly and is easily corroborated by hard estimates from a variety of sources. The only part missing is the layoffs. Where are they? Part of the answer comes from hoarding, though the more important piece is not what you might think.Video […]