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Getting More Gold And $60 For GDX

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

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

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 […]
Major Indexes Slide To Start October

Major Indexes Slide To Start October

Stocks finished the first day of October in the red, with the Dow and Nasdaq each shedding triple digits as Big Tech suffered steep losses. The major indexes are brushing off yesterday’s record highs for the Dow and S&P 500, as well as quarterly and monthly wins across the board. Tensions in the Middle East weighed on […]
Manufacturing In Recession? (Revisited)

Manufacturing In Recession? (Revisited)

High frequency indicators (PMI, etc.) suggest — and have suggested — a slowdown in manufacturing. Still, other indicators indicate sideways trending. Here’s a picture, incorporating the just-available manufacturing value added for Q2, as well employment incorporating the preliminary benchmark revision. Figure 1: Manufacturing production (blue, left scale), implied employment from preliminary benchmark (tan, left scale), aggregate […]
Dividend Stocks With Strong Q4 Seasonality

Dividend Stocks With Strong Q4 Seasonality

It’s the best time of year, at least for seasonality. As shown in the snapshot of our Seasonality Tool below, entering October is the strongest period of the year for three-month returns, and shorter term returns are also some of the best. Looking at dividend stocks specifically, below is a list of the 30 in the S&P 500 that […]
Central Banks Shock Investors

Central Banks Shock Investors

Image Source: Unsplash This month, central banks surprised investors with a series of policy changes aimed at easing their previously restrictive stances. These measures are fostering bullish sentiment as it appears the Federal Reserve, European Central Bank, People’s Bank of China, and others are aligning toward a more accommodative policy approach to improve global growth prospects.The […]
HDFC Bank – Elliott Wave Technical Analysis

HDFC Bank – Elliott Wave Technical Analysis

HDFC BANK – HDFCBANK (1D Chart) Elliott Wave Technical AnalysisFunction: Larger Degree Trend Higher (Intermediate degree, orange) Mode: Motive Structure: Impulse Position: Minute Wave ((v)) Navy progressing higher Details: Minute Wave ((v)) Navy, progressing higher within Minor Wave 3 Grey of Intermediate Wave (5) Orange against 1590. Further, Minuette Wave (v) Orange could resume higher soon.Invalidation point: 1590.HDFC Bank Daily Chart […]
BREAKING: Bitwise files for XRP ETF via Delaware trust

BREAKING: Bitwise files for XRP ETF via Delaware trust

Key Takeaways Bitwise establishes a Delaware trust as a precursor to an XRP ETF. SEC’s cautious stance on crypto ETFs reflects in the lengthy approval process. Share this article Crypto asset manager Bitwise has taken a step toward launching an XRP ETF. According to a filing with the Delaware Division of Corporations, the company has […]
Malaysian Stock: Matrix Concepts Holdings

Malaysian Stock: Matrix Concepts Holdings

Company: Matrix Concepts Holdings BerhadBloomberg ticker: MCH MKMarket cap: US$549mBackground: Matrix Concepts Holdings Berhad is a Malaysian property company engaged in property development, construction, education, and hospitality. The group develops residential, commercial, and industrial properties. Matrix Global Schools are located in its township development Bandar Sri Sendayan in Seremban. World Class Benchmarking of Matrix Concepts Holdings   Profitable Growth […]