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Gold: Signs Of Strain Starting To Emerge After Relentless Rally

Gold: Signs Of Strain Starting To Emerge After Relentless Rally

 Image Source: Unsplash  Gold has started the new week on the backfoot, easing lower straight from the Asian open overnight. Both gold and silver continued their pullback last week, marking a second consecutive decline. With Trump’s election win seen as positive for geopolitical stability, gold faced downward pressure. It slipped 1.9% to end the week at […]
Bitcoin Price Soars To $82,216 As Trump Presidency Boosts Crypto Market

Bitcoin Price Soars To $82,216 As Trump Presidency Boosts Crypto Market

Ether and Cardano prices surged, supported by Trump’s favorable policy signals. Ethereum rises 1.8% while Dogecoin and Shiba Inu record double-digit gains. Analysts predict Bitcoin could reach $100,000 by the end of the year. Bitcoin hit a new all-time high of $82,216 on Monday as cryptocurrency markets surged following Donald Trump’s election win.According to Coin […]
EUR/CAD Price Forecast: Breaks Out Of Rectangular Price Pattern And Declines

EUR/CAD Price Forecast: Breaks Out Of Rectangular Price Pattern And Declines

EUR/CAD has broken below the base of a multi-month price pattern.  It is likely to go lower if the break is decisive and it can pierce below the 200-day SMA.  EUR/CAD has broken out of the rectangular price pattern it has been forming since August.EUR/CAD Daily Chart  A bearish close on Monday (today) would confirm […]
Gold Demand In Tech And Industry Up In Q3

Gold Demand In Tech And Industry Up In Q3

Image Source: Pixabay  Gold is fundamentally money, but there is demand for the yellow metal in industry and technology. Industrial and tech demand accounted for 83 tons of gold in the third quarter, a 7 percent year-on-year increase. It was a 2-ton increase quarter to quarter.So far, in 2024, about 245 tons of gold have been consumed […]
The Dollar Remains Bid, While The Euro And Swiss Franc Are Sold Through Last Week’s Lows

The Dollar Remains Bid, While The Euro And Swiss Franc Are Sold Through Last Week’s Lows

Image Source: Unsplash  Overview: The dollar is bid to start the new week. It has taken out last week’s high against the Swiss franc, and the euro has been sold through last week’s lows. The divided opposition allowed Ishiba to continue as Japan’s prime minister, heading up a minority government. The German government collapsed last week. Chancellor […]
If The U.S. Falls Into Recession, It Will Be From Years Of Government Excess

If The U.S. Falls Into Recession, It Will Be From Years Of Government Excess

Image Source: Pixabay  How do you create a recession?Overheating the economy with a massive increase in government spending, disguising employment with public sector jobs, and soaring federal debt. The foundation of Neokeynesian economics always rests on the idea that an economy must prioritize government spending, leading to full blown socialism. When the economy is growing, government […]
Super Micro Is Not So Super Anymore

Super Micro Is Not So Super Anymore

Super Micro Computer Inc. (SMCI) was the market’s darling only six months ago. Amazingly, Its stock, had risen 3x in just the first three months of 2024. Consequently, S&P Global announced its addition to the S&P 500 Index. The announcement is annotated below with a box in early March. Furthermore, the circle, which coincides with […]
S&P 500 Weekly Action Areas & Price Objectives – Monday, Nov. 11

S&P 500 Weekly Action Areas & Price Objectives – Monday, Nov. 11

Image Source: Pixabay  In this update, we review the recent price action in the emini SP500 futures contract and identify high probability action areas and price objectives for the trading week ahead.Video Length: 00:08:53More By This Author:Daily Market Outlook – Monday, Nov. 11 FTSE To Test Pivotal 8000 Level, Closing At Three Month Lows FX Options […]
MicroStrategy acquires another 27,200 Bitcoin, holdings now worth $30 billion

MicroStrategy acquires another 27,200 Bitcoin, holdings now worth $30 billion

Key Takeaways MicroStrategy acquired 27,200 BTC for $2.03 billion, with a total holding of 279,420 BTC. The company’s BTC Yield from October 1 to November 10, 2024, was reported at 7.3%. Share this article MicroStrategy, the largest corporate Bitcoin holder, announced Monday it had acquired 27,200 Bitcoin between October 31 and November 10, 2024, paying […]
Elliott Wave Technical Analysis: Euro/British Pound – Monday, Nov. 11

Elliott Wave Technical Analysis: Euro/British Pound – Monday, Nov. 11

EURGBP Elliott Wave Analysis Trading LoungeEuro/British Pound (EURGBP) Day ChartEURGBP Elliott Wave Technical Analysis Function: Bearish Trend Mode: Impulsive Structure: Orange Wave 1 Position: Navy Blue Wave 3 Direction Next Higher Degrees: Orange Wave 2 Details: Navy blue wave 2 appears complete, with orange wave 1 of navy blue wave 3 currently in motion. Wave Cancelation Invalid Level: 0.84490The EURGBP Day Chart, based […]