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The Likelihood Of A Plaza Accord 2.0

The Likelihood Of A Plaza Accord 2.0

Mark Sobel at OMFIF discusses the likelihood of an new Plaza Accord to depreciate the dollar. Given one would need Euro area and Chinese agreement, the assessed likelihood is low A Mar-a-Lago Accord also would be inconsistent with Europe’s cyclical situation. A devalued dollar would be tantamount to a stronger euro. That could be achieved by […]
Stocks And Precious Metals Charts – CPI Coming Out Tomorrow

Stocks And Precious Metals Charts – CPI Coming Out Tomorrow

Stocks were slumping again today.VIX marked time.The Dollar ticked up.Gold rallied sharply higher up to key overhead resistance.Silver moved sideways.CPI data coming out tomorrow.It may impinge on the Fed rate decision later this month.Have a pleasant evening.  More By This Author:Stocks And Precious Metals Charts – Stocks Slumped Today Stocks And Precious Metals Charts – […]
Small Business Facts Vs. Feelings

Small Business Facts Vs. Feelings

Early this morning, the National Federation of Independent Business (NFIB) released its November survey for small business sentiment. As shown below, the headline Optimism Index surged by 8 points month-over-month for its biggest jump since 1980 and up to the highest level since June 2021.  The main catalyst for the surge in optimism was the election.  […]
Bitcoin: Floating On Air

Bitcoin: Floating On Air

Image Source: Pixabay A simple observation on Bitcoin reveals that it’s floating on air following its parabolic breakout above 70,000 during the week of November 4, as shown on the following weekly chart.A break and hold below 90,000 could see a retest of major support at 70,000, or, at least, a pullback from its high of 103,990 to around 86,995 (50% of the difference between 103,990 & 70,000 = […]
Stocks Are Catching Their Breath Now – And You Should, Too

Stocks Are Catching Their Breath Now – And You Should, Too

Image Source: Unsplash We’ve seen a big shift in sentiment over the past few sessions, with players moving from enthusiastically bullish to increasingly concerned with downside risks in the market.There’s no denying we’re extended way up here near the highs, and, at this point, I’d welcome a couple of weeks of sideways price action, the better […]
Gold Prices Outlook: The Lower It Goes, The Better It Gets?

Gold Prices Outlook: The Lower It Goes, The Better It Gets?

Image Source: Pexels Case for Gold Prices Beyond $3,000/Oz Remains Strong The price of gold has come under fire recently…so, has my gold prices outlook changed?On November 25, the yellow precious metal dropped the most it has within a day (open to close) in a while, which opened the floodgate of investors questioning whether gold is […]
2025 Annual Global Market Outlook: The Mechazilla Moment

2025 Annual Global Market Outlook: The Mechazilla Moment

Image Source: Pixabay  Video Length: 00:03:10 An enduring image from 2024 will be the capture of the SpaceX booster rocket by the Mechazilla robot arms on its return to Earth. This achievement served as a powerful metaphor for the year: the improbable not only became possible but redefined expectations.We expect 2025 to be another year of […]
Hurray, China Is Buying Gold Again

Hurray, China Is Buying Gold Again

Image Source: Pixabay Hurray, China is buying Gold again! The announcement by the People’s Bank of China (PBoC) is likely to have delighted the Goldbugs. We are also Goldbugs. But we are also investors who want to make successful investments first and foremost. Therefore, this week we will take a brief look behind the scenes to […]
Stocks Slide As Investors Brace For Inflation Data

Stocks Slide As Investors Brace For Inflation Data

Stocks continued their sluggish price action today, with all three major indexes finishing modestly lower. The Dow logged its fourth-straight triple-digit loss as the tech sector continued to churn, with software stalwart Oracle (ORCL) a latest culprit. Wall Streetow braces for November’s consumer price index (CPI) due out tomorrow morning, just as the Cboe Volatility Index logs […]
Consumer Debt Surged In October

Consumer Debt Surged In October

 After two months of keeping their credit cards in their wallets, American consumers pulled out the plastic again in October.A surge in card spending drove consumer debt higher by $19.2 billion, a 4.5 percent increase, according to the most recent data from the Federal Reserve. The increase in debt was nearly double expectations.It was the biggest […]