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$30 Silver Top Has Broken

$30 Silver Top Has Broken

Image Source: Pixabay There was a triple top at $6.50 in the late 1970s, leading to $50 silver by 1980. There was a triple top at $20 in 2008-2010 leading to $50 silver by 2011. Now there is a triple (quadruple?) top at $30, probably leading to $50 silver within months once it is decisively broken. […]
Gold Miners’ Q1’24 Fundamentals

Gold Miners’ Q1’24 Fundamentals

Image Source: Pixabay The major gold miners just wrapped up another quarterly earnings season, reporting great results. Sector unit profits continued blasting higher on stable production, lower mining costs, and record prevailing gold prices. Yet individually plenty of majors still struggled with rising expenses or lower output. So deploying capital in miners to leverage gold’s remarkable […]
Comparing New And Current U.S. Tariffs On Chinese Imports

Comparing New And Current U.S. Tariffs On Chinese Imports

U.S. Announces New Tariffs On A Range of Chinese Goods This week, the U.S. introduced a new series of tariff increases on Chinese imports, amounting to over $18 billion worth of goods.In the announcement, President Biden said they are aiming to “counter China’s unfair trade practices” by targeting specific sectors where the U.S. is boosting […]
Is China Dumping U.S. Treasuries And Buying Gold?

Is China Dumping U.S. Treasuries And Buying Gold?

China Sells Record Sum of US Debt Bloomberg reports China Sells Record Sum of US Debt Amid Signs of Diversification China sold a record amount of Treasury and US agency bonds in the first quarter, highlighting the Asian nation’s move to diversify away from American assets as trade tensions persist. Beijing offloaded a total of $53.3 […]
Solana meme coins surge up to 210% despite Pump.fun incident

Solana meme coins surge up to 210% despite Pump.fun incident

Meme coin marketplace Pump.fun was attacked by a former team member yesterday, resulting in halted trading, users unable to liquidate their tokens, and the platform losing $1.9 million, according to a May 16 post-mortem. Despite this episode, the meme coin sector on Solana stood firmly in the last 24 hours, with tokens making two-digit leaps.The […]
SPY And QQQ ETFs: Don’t Sell In May And Go Away

SPY And QQQ ETFs: Don’t Sell In May And Go Away

Image Source: Pixabay The SPDR S&P 500 (SPY) and Invesco QQQ (QQQ) ETFs are doing well as they sit at their all-time highs. SPY has risen for three straight weeks and is trading at a record high of $530 while QQQ has soared to $452. Fed rate cuts and earnings growth There are three main reasons why US […]
XRP Forecast: Analyst Identifies Crucial Period Ahead

XRP Forecast: Analyst Identifies Crucial Period Ahead

Image by WorldSpectrum from Pixabay XRP has failed to match its rivals in hitting new heights in this year’s bull rally, and according to one analyst, its aggressive bullish opportunity is winding up.Known to his 51,000 followers on X as Egrag, the analyst applied the Gaussian Channel indicator to project the price pattern of the market’s seventh largest […]
Kostin Year End S&P PT: 5200, AMAT, NVDA Earnings Next Week

Kostin Year End S&P PT: 5200, AMAT, NVDA Earnings Next Week

While the S&P has broken out to new all-time highs and technicians are in a frenzy, things might have gotten a little ahead of themselves according to Goldman Sachs Chief Equity Strategist David Kostin. Kostin has a 5200 year-end price target for the S&P 500 based on fundamental analysis of economic growth, earnings growth, and money […]
Grains Report – Friday, May 17

Grains Report – Friday, May 17

Image Source: Unsplash WHEAT General Comments: Wheat was a little lower yesterday after more reports of frosts and freezing temperatures in Russian growing areas. Reports indicate that Russia will still have plenty of Wheat for export in the coming year. USDA issued its latest reports Friday and included a field survey of Winter Wheat production. Winter […]
Dotcom Bubble Again?

Dotcom Bubble Again?

On Wednesday I wrote about the meme stocks being back in Vogue with epic volume. I know. I know. Why should we care about a few stocks that trade like Dotcom stocks from yesteryear? In a vacuum it doesn’t really matter. However, we don’t live nor invest in a vacuum. Meme stocks like GameStop (GME), AMC, and […]