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Q1 Gold Demand Strongest Since 2016

Q1 Gold Demand Strongest Since 2016

By Mike Maharrey, Money Metals ExchangeFactoring in sizeable over-the-counter (OTC) buying, gold demand charted its strongest first quarter since 2016.Excluding OTC buying, demand fell 5 percent to 1,102 tons. Significant outflows of gold from ETFs drove the dip. But including over-the-counter buying by investors, gold demand grew by 3 percent year-on-year, reaching 1,238 tons, according […]
Excess Savings Wanes Likely Eliminating Excess Growth

Excess Savings Wanes Likely Eliminating Excess Growth

Personal consumption accounts for two-thirds of economic activity. Therefore, the means by which consumers can spend is essential for forecasting economic growth. The San Francisco Fed just released an article warning that a significant source of spending since the pandemic is no longer available. Per their article, Pandemic Savings Are Gone: What’s Next for U.S. Consumers?– […]
US Dollar Trades Flat With TIPP Economic Optimism Retreating

US Dollar Trades Flat With TIPP Economic Optimism Retreating

The US Dollar (USD) trades flat with the US trading session coming online for this Tuesday, and again easing the Greenback as seen on Monday in a similar pattern. Markets were pricing in again some risk premium as Israel looks set to start its ground invasion in Rafah, and Egypt has chored up its border […]
Consolidating And Eating Supply

Consolidating And Eating Supply

S&P 500 made a very shallow premarket correction, 2y yield refused retreating, but it were cyclicals and semiconductors that pulled the 500-strong index up yesterday, completing the bullish turn on suppressed NFPs and dovish Powell. The weak dollar rebound hasn‘t been an issue, and neither is the yen carry trade unwinding fears. USDJPY is tellingly […]
Bitcoin Commentary – Tuesday, May 7

Bitcoin Commentary – Tuesday, May 7

BTC Bounces Off LowsBitcoin prices are trading tentatively in the green across early European trading on Tuesday. Following a breakdown lower last week which saw BTC futures crashing through support at 60695, the market swiftly reversed higher as demand kicked in at the lows of the move. It seems the dip in BTC was an […]
S&P 500 Approaching 5,200: A New Leg Of The Bull Market?

S&P 500 Approaching 5,200: A New Leg Of The Bull Market?

Stocks extend their advances. Is this a new uptrend or merely ongoing consolidation?Monday’s trading session was bullish, with the S&P 500 index gaining 1.03% and closing the highest since April 11. Last Friday, the index gained 1.3% following a 0.9% advance on Thursday. Why did stock prices advance? Investor sentiment remained positive following a series of […]
URA Commodity Elliott Wave Technical Analysis – Tuesday, May 7

URA Commodity Elliott Wave Technical Analysis – Tuesday, May 7

GX Uranium ETF (URA) Elliott Wave AnalysisFunction – Counter trendMode – CorrectiveStructure – Zigzag for 4. Impulse for (A)Position – Wave 5 of (A)Direction –  Wave 5 of (A) is still in playDetails – The blue wave 4 triangle has been completed with confirmation above wave (B) high. Wave ‘5’ appears to have begun. Invalidation is now at wave (E) low. Price may retest toward the 30 major level before […]
The RBA Kept All Monetary Policy Settings. Oil Rises Amid The Breakdown Of Negotiations Between Israel And Hamas

The RBA Kept All Monetary Policy Settings. Oil Rises Amid The Breakdown Of Negotiations Between Israel And Hamas

At Monday’s close, the Dow Jones (US30) Index added 0.46%, while the S&P 500 (US500) Index was up 1.46%. The NASDAQ Technology Index (US100) closed positive 1.19% yesterday.The Dollar Index stabilized above 105 on Tuesday as investors continued to assess the Federal Reserve’s monetary policy outlook in light of the central bank’s recent comments. New York Fed Chairman John Williams said decisions on […]
Brent Crude Oil Experiences Modest Uptick Amid Mixed Market Signals

Brent Crude Oil Experiences Modest Uptick Amid Mixed Market Signals

Brent crude oil is seeing a slight increase on Tuesday, priced around $83.57 per barrel. The market remains close to two-month lows, caught between optimism for a peaceful resolution to the Middle East conflict and concerns over crude oil inventories in the United States.The primary focus in the stock market currently revolves around the ongoing […]
Crypto products experience $1 billion in total outflows over four weeks

Crypto products experience $1 billion in total outflows over four weeks

Crypto products registered outflows for the fourth consecutive week, totaling over $1 billion in the period, according to asset management firm CoinShares. Despite the start of spot Bitcoin and Ethereum exchange-traded funds (ETFs) trading in Hong Kong, Bitcoin ETFs saw $156 million in outflows globally last week.James Butterfill, head of research at CoinShares, suggests that […]