October 2024 - Page 53 of 244 -

Gold Stocks’ Secular Breakout

Oct 25, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay The gold miners’ stocks just achieved a rare secular breakout. This huge technical milestone fueled by record gold levels reflects sector sentiment growing more bullish. That is pushing gold stocks closer to the crucial psychological tipping point where more-mainstream traders increasingly chase their strong gains. Multi-year highs generate broader interest, attracting more capital […]

Shiba Inu Inflows Soar 555% In 3 Months – Will The Momentum Continue?

Oct 25, 2024 Jeremy Parkinson Finance 0

Image Source: Pexels Known meme coin Shiba Inu (SHIB) is hogging the headlines; massive accumulators are increasing efforts due to a volatile market. The latest data shows inflow from large holders has increased by 555% within the last 90 days, which means major stakeholders are taking positions to capitalize on an expected increase in value. This […]

Nasdaq Hits Record High, Extends Weekly Streak To 7

Oct 25, 2024 Jeremy Parkinson Finance 0

The S&P 500 and Dow both snapped their six-week win streaks, succumbing to this week’s pressure from rising Treasury yields, though the bond market has since cooled off. The blue-chip index closed 259 points lower, reversing its early-morning pop for its fifth-straight daily loss. The tech-heavy Nasdaq hit record highs today, however, notching a triple-digit gain […]

Gold Price: 12% From Target; Okay, So What?

Oct 25, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Just to be clear that the source writing to you now (your friendly blogger and letter writer) is not one of the many come-lately momo “me too!” crowd, here is a historical fact: I found this on X as for some reason someone just ‘liked’ it yesterday and it showed up in my […]

Not All Crypto Is Created Equal

Oct 25, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash In the crypto space, Bitcoin and Ethereum are considered two of the most credible with market caps of $1.3 trillion and $300 billion, respectively. While there is a tendency for many investors/speculators to lump the two together as highly correlated to each other, that has been far from the case over the last […]

Why Did The Price Of Palladium Suddenly Spike?

Oct 25, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay While everybody was watching the gold and silver bulls run, the price of palladium shot up by about 8 percent on Thursday (Oct 24).In fact, palladium is up by around 27 percent since earlier this month, having spiked from $922 an ounce to over $1,195 today.What is going on with this rather obscure but important […]

Japan’s financial group pushes for Bitcoin and Ether for crypto ETFs

Oct 25, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Japanese financial institutions propose crypto ETFs focusing on Bitcoin and Ether. Proposals include reevaluating tax policies on crypto income. Share this article A coalition of Japanese companies has proposed that discussions regarding the establishment of crypto ETFs should focus on major tokens such as Bitcoin and Ether. This initiative comes as Japan considers whether […]

Weekly Recap & DARP Update – Friday, Oct. 25

Oct 25, 2024 Jeremy Parkinson Finance 0

Image source: Pixabay The Alhambra team dissects the news and numbers for the week and talks about their effect.Video Length: 00:04:40More By This Author:Extreme Credit Spreads China’s Economic Minsky Moment The Fed And The Election

De-Dollarization: Major International Bank Joins Chinese Payment Global System Another Step Toward De-Dollarization

Oct 25, 2024 Jeremy Parkinson Finance 0

By Mike MaharreyHSBC Hong Kong announced it will formally join China’s Cross-Border Interbank Payment System (Cips).The move is yet another body blow to dollar dominance. According to the Financial Times , it will give “the world’s biggest player in trade finance a key role in Beijing’s push to expand use of the renminbi.”London-based HSBC is one of […]

Softs Report – Friday, Oct. 25

Oct 25, 2024 Jeremy Parkinson Finance, No picture 0

COTTON General Comments: Cotton was lower yesterday as export demand remains weak and the US Dollar was strong. Trends are mixed in this market. China moved to lower interest rates again and there are hopes this move will help restart the economic engine there. Real estate has been the big problem there. There are still […]