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Metals Report For Wednesday, May 15

Metals Report For Wednesday, May 15

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:13:34More By This Author:SPDR ETF Report For Wednesday, May 15Financial Markets Report For Wednesday, May 15SPDR ETF Report For Monday, May 13
Tyson Foods CEO Unsure When Nation’s Collapsing Beef Herd Will Reverse

Tyson Foods CEO Unsure When Nation’s Collapsing Beef Herd Will Reverse

Image Source: UnsplashTyson Foods (TSN) CEO Donnie King spoke at the BMO Global Farm to Market Conference in Toronto on Wednesday, expressing much uncertainty about when US ranchers will rebuild tight cattle herds meaningfully. Reuters was the first to report King’s comments at BMO’s farm conference. He stated ranchers had been pressured in recent years to offload cattle due to […]
Grocery Prices Decline

Grocery Prices Decline

Image Source: UnsplashThe latest CPI release indicates a decline in food-at-home prices.Figure 1: CPI (bold black), and food at home component (light blue), and ERS January forecast (blue square), all in logs, 2021M01=0. Source: BLS, ERS, and author’s calculations.At the national level, the food-at-home component has been dropping for three months now. The USDA’s Economic Research Service (ERS) […]
Silver Breakout To 11-Year High

Silver Breakout To 11-Year High

Image Source: PixabaySilver has broken out to a new daily 11-year high. The next strong target and resistance is $34-$35.The Gold/Silver ratio has lost trendline support. It closed at 80 with an immediate downside target of 75 and later, 65 where there is major support.Video Length: 00:08:53More By This Author:Next Leg Up In Gold & Silver […]
Elliott Wave Technical Analysis: VeChain Crypto Price News

Elliott Wave Technical Analysis: VeChain Crypto Price News

Image Source: PexelsElliott Wave Analysis TradingLounge Daily ChartVeChain/ U.S. dollar(VETUSD)VETUSD Elliott Wave Technical AnalysisFunction: Counter trend    Mode: CorrectiveStructure: FlatPosition: Wave ((C))Direction Next higher Degrees: wave II of ImpulseWave Cancel invalid Level: 0.2100Details: Wave II May is complete and the price increase again in Wave IIIVeChain/ U.S. dollar(VETUSD)Trading Strategy: The correction in Wave II appears to be complete at […]
Current Earnings Outlook Reflects Positivity

Current Earnings Outlook Reflects Positivity

Image Source: Unsplash What we saw in the Q1 earnings season is a resilient and steadily improving profitability picture, both in terms of the growth rate as well as the evolving revisions trend. Positive revenue surprises were a bit less commonplace relative to other recent periods, but margins expanded at a better-than-expected rate. Total earnings for […]
SPDR ETF Report For Wednesday, May 15

SPDR ETF Report For Wednesday, May 15

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in various SPDR-ETF markets for the trading day that ended, Wednesday, May 15.Video Length: 00:20:33More By This Author:Financial Markets Report For Wednesday, May 15SPDR ETF Report For Monday, May 13Metals Report For Monday, May 13
Record Closing Highs Amid Interest Rate Catch-22

Record Closing Highs Amid Interest Rate Catch-22

Image Source: PixabayMost major stock market indices are at all-time highs as of Wednesday’s close. Today’s CPI report for April set the stock market alight from the moment of its release prior to the opening bell — and this was coming off an all-time-high close for the Nasdaq just yesterday. This CPI report put the domestic inflation trajectory […]
America Needs To Go Cold Turkey On Debt

America Needs To Go Cold Turkey On Debt

Image Source: UnsplashPeter recently appeared on the Bald Guy Money show for a conversation on gold’s role in American and global politics, the influence of the BRICS coalition on metals markets, and, as always these days, the disastrous monetary policy coming out of the Fed. Peter and Roger start their conversation by discussing how unlikely it is that the […]
This Perfect Pullback Could Be Our Biggest Win Of All Week

This Perfect Pullback Could Be Our Biggest Win Of All Week

Image Source: Unsplash Wow, what a move today!  We had a big move higher today, and a retest of all-time highs…Put those 2 clues together and this PERFECT PULLBACK could be our easiest money all week!Anytime I see a big move higher into all-time highs, there are (3) trades I look for the following day…#3 is […]