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Silver Poised To Play Catch Up To Gold

Silver Poised To Play Catch Up To Gold

 Image Source: Pexels Gold’s breakout to new all-time nominal highs is making headlines. On Friday, the price settled at just under $2,200/oz, after gaining almost $100/oz for the week.Silver actually outperformed gold on a percentage basis. The white metal gained $1.17/oz, or 5%, as compared to gold’s 4.5% gain.The difference is that silver is stuck in […]
Ranked: The Largest Bitcoin ETFs In The U.S.

Ranked: The Largest Bitcoin ETFs In The U.S.

Ranking the Largest Bitcoin ETFs in the U.S. In early January 2024, the U.S. Securities and Exchange Commission (U.S. SEC) gave its approval on exchange-traded funds (ETFs) to track Bitcoin, giving investors an alternative pathway to accessing the world’s biggest cryptocurrency.In this graphic, we’ve shown the eight largest Bitcoin ETFs in the U.S. by assets […]
The Big CPI Report Tomorrow

The Big CPI Report Tomorrow

Image Source: PexelsFor those of you who actually believe the government’s 3.1% inflation rate, I present to you the various predictions about what Tuesday morning’s super-important numbers are going to be.More By This Author:Homebuilders HosedIs 70,000 Performative?Peak Everything, Not Just Stocks
Minor Losses Don’t Deliver The Reversal Off Bearish Engulfing Patterns

Minor Losses Don’t Deliver The Reversal Off Bearish Engulfing Patterns

Markets were set up for a sizable down day, or at least one to undercut breakout support, but this didn’t happen. While there was no real change on the day the fact that there was no major losses should be viewed as a positive.The Russell 2000 (IWM) finish right on $205 support with no technical […]
S&P 500 And Nasdaq 100 – Elliott Wave Update

S&P 500 And Nasdaq 100 – Elliott Wave Update

Image Source: Unsplash Not much to be added to the current analysis. The markets moved more to the downside the upside, but the overall patterns remain in line with expectations for the most part. I do review and update the labeling and review the Fibonacci levels — Expectations remain for the upside diagonal triangle to continue […]
Nvidia Options Are Fading – Here’s What Comes Next

Nvidia Options Are Fading – Here’s What Comes Next

Image Source: Pixabay Maybe you were camping on a mountaintop or lost in the woods this past Friday, but Nvidia, one of the market’s most important, high-volume stocks right now, took a wild ride to close out the week.Options volatility exploded higher as the seemingly unstoppable bullish fever on the stock broke. Shares slid around 10% […]
Chart Of The Day: Vistra Energy – Rising Energy Consumption

Chart Of The Day: Vistra Energy – Rising Energy Consumption

100% technical buy signals 18 new highs and up 41.00% in the last month 184.40+ Weighted Alpha The Chart of the Day belongs to the utility company Vistra Energy (VST). I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having […]
Stocks And Precious Metals Charts – CPI Data Tomorrow

Stocks And Precious Metals Charts – CPI Data Tomorrow

Stocks were wobbly today, awaiting the CPI data tomorrow.Why is this particular data so important?Because financial assets are in a bubble, and the market is in the hands of the Fed, the father of bubbles.Gold and silver pretty much also marched in place, along with the Dollar.VIX rose, as did the yields on US debt.Stock […]
Besides All-Time Highs, What’s In DBAs Basket?

Besides All-Time Highs, What’s In DBAs Basket?

Not the first time I have given readers this list of leading indicators to watch for a potential rise in inflation:Last week we focused on sugar.For the weekend, we focused on silver.The dollar, also on the list, trades under 103 yet into support.Today, DBA the Invesco DB Agricultural Fund made a new all-time high.DBA tracks […]
Gold – This Breakout Is Unambiguous

Gold – This Breakout Is Unambiguous

Image Source: Pixabay After a sharp two-month rise to a new all-time high of USD 2,149 on December 4th, the gold market experienced a sharp pullback to USD 1,973 in the final weeks of the old trading year, followed by a rapid recovery to USD 2,088. To digest this overall quite tumultuous market activity, gold prices […]