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Archives by Year:
WTI Extends Gains After API Reports Another Crude Inventory Draw
Image Source: Unsplash Oil prices surged today as the record spec shorts suddenly realized that the Middle East is shitshow of geopolitical bomb fuses just ready to be lit. WTI spiked dramatically up near $72 on the Iranian missile attack in Israel before fading back a little “Iran sits astride the world’s most strategic energy region, […]
Turnaround Tuesday – Rocking October Volatility
Nice timely call on Occidental Petroleum from last night’s Daily?So, let’s move on to volatility as we start October or Rocktober.And things are certainly rocking, making me feel all late 1970s all over again.Eerily the port strike last happened in 1977.Today is President Carter’s 100th birthday.The Middle East is unstable and WTI oil is back […]
Stocks And Precious Metals Charts – Back Into Reality
The long awaited invasion of Lebanon by the Israeli army shook the markets back into reality.What a surprise.The usual safe harbors saw activity as gold, silver, and the Dollar all rallied.Risk assets like stocks slumped.Have a pleasant evening. More By This Author:Stocks And Precious Metals Charts – Reckless Arrogance, Shameless Greed Stocks And Precious Metals […]
Geopolitical Tensions Rise As Stocks Teeter Near Highs
Image Source: Unsplash A category 4-equivalent typhoon is barreling toward some of Taiwan’s most important semiconductor factories… Ground war is spreading in the Middle East… Some of the biggest, busiest ports in the United States are frozen by strikes…The cherry on top: Fed Chairman Jerome Powell sounded ever-so-slightly hawkish when he said the Fed was in […]
Disinformation Risk Threatening The Global Economy
Image Source: Pixabay As China is fueling global growth prospects, the real risk haunting the international economy is protectionism, sanctions and geopolitics – increasingly disguised by disinformation in the West.The ongoing year marks the 75th anniversary of the founding of the People’s Republic of China. On September 21, 1949 Mao Zedong announced to the nation that […]
Fortinet Inc. Elliott Wave Technical Analysis
FTNT Elliott Wave Analysis Trading Lounge Daily Chart,Fortinet Inc., (FTNT) Daily ChartFTNT Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave 3DIRECTION: Upside in wave 3.DETAILS: Looking for a bottom in place in Minor wave 2 as we are moving higher in what should be minor wave 3 of (3), which should then provide us with a steep angle […]
Rates Spark: Geopolitics Are Only Part Of The Mix
Middle East escalation acted to push bond yields lower. But also in the mix is the ongoing reassessment of the ECB amid a gloomier outlook for the eurozone – the pricing of a 1.75% terminal rate shows recessionary vibes. The reaction of usual safe-haven indicators was more muted. Treasuries are still laser focused on Friday’s payrolls report.Image source: Pixabay Lots of […]
Getting More Gold And $60 For GDX
The month of October begins with a pause in gold’s relentless rally against fiat. The pause is likely related to technical factors as well as the Oct 2-7 is “Golden Week” holiday in China. Most dealers and stores close for the holiday.The lull in demand often sees a modest dip in the gold price around […]
Fed Injects Rate Cut Adrenaline
There were a lot of injections, of the COVID vaccine variety, four years ago, but now the Federal Reserve is injecting some financial adrenaline through stimulative interest rate cuts. Expectations are for seven more -0.25% cuts over the next 12 months, but this cycle started two weeks ago when the FOMC (Federal Open Market Committee) initiated […]
Why Sanctions Often Fail To Work
Back in early 2022, there was a great deal of optimism that sanctions against Russia would cripple its economy. Those predictions have not come true. A recent article in The Economist shows why: Prior to 2022, Kazakhstan sold relatively little electrical machinery to Russia.After the Ukraine invasion, Kazakh exports soared more than 7-fold.How was Kazakhstan able to […]
