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Renewable Energy Reaches New Heights

Renewable Energy Reaches New Heights

Image Source: Unsplash In June, the Energy Institute released the 2024 Statistical Review of World Energy. The Review provides a comprehensive picture of supply and demand for major energy sources on a country-level basis. Each year, I write a series of articles covering the Review’s findings.Today I will discuss renewable energy, with a focus on the growth of wind […]
Rare Bullish Signal In Gold Triggered For The First Time Since 2015

Rare Bullish Signal In Gold Triggered For The First Time Since 2015

Image Source: Pixabay Gold keeps reaching new highs, but silver stays dormant. What’s the deal? The deal is October 1978, when gold finally broke to new highs from 1974 but silver did basically nothing. Three months later though, by the beginning of 1979, silver began its parabolic run to $50.In this week’s silver report, Rafi Farber […]
Gold Mid-Tiers’ Q2’24 Fundamentals

Gold Mid-Tiers’ Q2’24 Fundamentals

Image Source: Unsplash The mid-tier and junior gold miners in this sector’s sweet spot for upside potential just finished reporting truly spectacular quarterly results. Fueled by dazzling record gold prices and lower mining costs, smaller gold miners’ unit earnings skyrocketed to their highest levels ever. Those incredibly rich profits have left mid-tiers even more undervalued relative […]
Is It Too Late To Buy The Top Performing Dow Stock?

Is It Too Late To Buy The Top Performing Dow Stock?

Image Source: Mike Mozart, Flickr The Dow Jones Industrial Average is generally considered to be the index that best represents the U.S. economy, as its 30 stocks are picked from across the sectors to best reflect the larger economy.That has generally been the case again this year, as the Dow has only returned about 8%, well short of […]
CN Workers To Return To Work. The Corn And Ethanol Report

CN Workers To Return To Work. The Corn And Ethanol Report

We kicked off the day with Fed Chair Powell’s Speech, New Home Sales, and New Home Sales MoM at 9:00 A.M., Baker Hughes Oil & Total Rig Count, Building Permits Final, Building Permits MoM Final, and Jackson Hole Symposium at 12:00 P.M., Cattle on Feed and Cold Storage at 2:00 P.M.Canadian National workers return to […]
New And Existing Home Sales For July: The Rebalancing Is Underway

New And Existing Home Sales For July: The Rebalancing Is Underway

I figured this month I would report on new and existing home sales at the same time since they have been reported only one day apart, and I have been looking for a rebalancing of the market between the two, which means *relatively* more existing vs. new home sales, firming in new home vs. existing home […]
Is Bitcoin Really Digital Gold? Comparing And Contrasting The Two Assets

Is Bitcoin Really Digital Gold? Comparing And Contrasting The Two Assets

Image Source: Unsplash Many investors put gold and Bitcoin in the same category. Some people even call Bitcoin “digital gold”. Is this a fair comparison?There are certainly similarities between the two assets, but there are some significant differences as well. Gold and Bitcoin have both provided solid returns this year. Gold prices have risen by over 22 percent, […]
Fed Does Not Seek Or Welcome Further Labor Market Cooling

Fed Does Not Seek Or Welcome Further Labor Market Cooling

Reassessing the Effectiveness and Transmission of Monetary PolicyPowell’s speech was on “Reassessing the Effectiveness and Transmission of Monetary Policy”.Self-Serving Fed NonsensePowell had praise for how the Fed reduced inflation without bringing too much misery to unemployment.Instead of blaming monetary and fiscal policy for inflation, Powell blamed supply chains and energy.Undoubtedly supply chains and energy played […]
Stocks To Watch Today: Tesla, GM, And Nvidia

Stocks To Watch Today: Tesla, GM, And Nvidia

Image courtesy of 123rf.com After Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole symposium, three major tech and automotive stocks are capturing investors’ attention. Tesla (Nasdaq: TSLA), General Motors (NYSE: GM), and Nvidia (Nasdaq: NVDA) are all experiencing notable movements and developments that could significantly impact their future performance. Tesla Gains as Powell Signs […]
Dow, Nasdaq Head For Weekly Wins With Triple-Digit Gains

Dow, Nasdaq Head For Weekly Wins With Triple-Digit Gains

The Dow Jones Industrial Average (DJI) and Nasdaq Composite Index (IXIC) are both sporting strong triple-digit midday leads, while the S&P 500 Index (SPX) sits higher as well. Fed Chairman Jerome Powell’s speech at the Jackson Hole Economic Symposium is giving the market a boost after he noted interest rate cuts were on the horizon. In his own […]