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Is It Safe To Buy Gold, GLD, And IAU ETFs Ahead Of FOMC Rate Cut?

Is It Safe To Buy Gold, GLD, And IAU ETFs Ahead Of FOMC Rate Cut?

Image Source: Unsplash Gold and spot ETFs like GLD and IAU have surged to a record high this year. The Federal Reserve has hinted that it will cut interest rates. There are signs that gold and associated ETFs could reverse. Gold price was hovering near its all-time high of $2,587 on Wednesday morning as investors waited […]
Elliott Wave Technical Analysis: NEO Crypto Price News For Wednesday, Sept 18

Elliott Wave Technical Analysis: NEO Crypto Price News For Wednesday, Sept 18

Image Source: PixabayElliott Wave Analysis TradingLounge Daily ChartNEO / U.S. dollar(NEOUSD)NEOUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: Double CorrectivePosition: Wave YDirection Next higher Degrees: Wave (II) of ImpulseWave Cancel invalid Level: 9.85Details: Wave (II) is likely to have ended and prices are resuming the uptrend.NEO / U.S. dollar(NEOUSD)Trading Strategy: It looks like the wave (II) correction is […]
Binance confirms launch of Moonbix, its new Telegram mini-game

Binance confirms launch of Moonbix, its new Telegram mini-game

Key Takeaways Binance’s Moonbix game was leaked before its official release. The company is addressing user issues caused by the leak and will announce the launch date soon. Share this article The customer support team at Binance has confirmed that the company will soon release “Moonbix,” a new play-to-earn (P2E) game available on Telegram’s Mini […]
ADX: A High-Yielding, Diversified CEF Worth Looking Into

ADX: A High-Yielding, Diversified CEF Worth Looking Into

Image Source: PexelsWhen it comes to investing, there are two critical “bedrocks” we need to keep in mind. Everything else builds out from there. These two facts are why 95% of my favorite high-income investments, closed-end funds (CEFs), have made investors money over the last decade. Those include the 8.4%-yielding Adams Diversified Equity Fund (ADX).The two bedrocks are: 1) […]
Steve Kamin: “The Fed Is (Nearly) The World’s Most Hawkish Central Bank”

Steve Kamin: “The Fed Is (Nearly) The World’s Most Hawkish Central Bank”

Image Source: PixabayFrom the article (published 9/10), two key graphs:So… …with inflation nearly down to target levels while signs of economic slowing mount, the Fed can afford to start reversing its exceptional monetary tightening. So in today’s post, Kamin makes the case for 0.5% cut: If the economy is close to balance and inflation likely to decline further, […]
A Look At The Last 35 Years Of New Cutting Cycles

A Look At The Last 35 Years Of New Cutting Cycles

Image Source: PexelsThe stock market model for the day is plus or minus 0.50% and then a rally after 2pm. However, with the S&P 500 being up 6 straight days into the Fed meeting, much of the energy has already been used and the study has been reduced to a coin flip. Additionally, a potential set […]
This Slingshot Breakout Could Be Easy Money On FOMC

This Slingshot Breakout Could Be Easy Money On FOMC

Image Source: Pexels FOMC Tomorrow – are you ready?  These charts look great tonight – I see (2) clues telling me this Slingshot Breakout could be the easiest money we make all week!Emini and Nasdaq are bullish overall on the 60min, with a bearish range on the tick charts…Put those 2 clues together and it’s easy […]
Full Slate Of Economic Data Ahead Of Fed Rate Cut

Full Slate Of Economic Data Ahead Of Fed Rate Cut

Image Source: PexelsAt the close of the final trading day before the Fed’s long-awaited interest rate cut, market indexes finished flat for the day. While the Dow slipped incrementally, -0.04%, the S&P 500 wound up on the other side of that ledger, +0.03%, for its seventh-straight higher closing day. The Nasdaq and the small-cap Russell 2000 […]
Pushing Into Peril: Two

Pushing Into Peril: Two

Image Source: UnsplashWe approach the day of peril on Wednesday! I have 33% of my account in cash reserves, and I won’t deploy it until Thursday morning, once the FOMC insanity is done. In the meanwhile, here are my eight bearish positions in my secondary account:More By This Author:Next Up: $2700Another MidlineETF Focus – Precious Metals
GDPNow At 3% For Q3

GDPNow At 3% For Q3

Image Source: PexelsGoldman Sachs tracking 2.8%.Figure 1: GDP (bold black), GDPNow as of 9/17 (light blue square), Goldman Sachs tracking as of 9/17 (pink circle), NY Fed nowcast as of 9/13 (red triangle), FT-Booth as of 9/14 (blue square), and August median SPF (tan), all in bn.Ch.2017$ SAAR. Source: BEA 2024Q2 2nd release, Atlanta Fed, NY Fed, Goldman […]