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How Lower Rates And Central Bank Demand Are Fueling The Gold Rally

How Lower Rates And Central Bank Demand Are Fueling The Gold Rally

Image Source: Pixabay Gold staged a blinding comeback last week, surging to fresh all-time highs above $2,200 an ounce. The rally, which has added around 10% to gold’s value since mid-February, caught many market watchers off-guard. But for those of us who’ve stuck with the yellow metal through its ups and downs, the price action is […]
Bottom Not In

Bottom Not In

Image Source: Unsplash US commercial real estate prices have declined an average of 33% since early 2020, with a 60% decline in the office sector. Similar trends are unfolding in Canada.US office loan delinquencies of 30 to 60 days (dark blue below, courtesy of Bespoke) and over 90 days (light blue) have spiked in the past […]
New Home Sales Little Changed In February

New Home Sales Little Changed In February

New Home Sales from the Census Bureau New Residential Construction report, chart by Mish.New Home Sales Sales of new single‐family houses in February 2024 were at a seasonally adjusted annual rate of 662,00. This is 0.3 percent (±16.2 percent) below the revised January rate of 664,000, but is 5.9 percent (±14.3 percent) above the February 2023 estimate […]
Gold – Something New Something Old

Gold – Something New Something Old

Invalidation of the breakouts, candlestick formation, and the volume. What are they saying about the next move? Technical Picture of Gold Looking at the medium-term chart, we see that although the sellers invalidated the earlier breakout above the upper border of the blue rising wedge in the week ended on Mar.15, their opponents closed ranks […]
Stocks Lower As Tech Sector Selloff Accelerates

Stocks Lower As Tech Sector Selloff Accelerates

The shortened trading week is kicking off with losses, as semiconductor stocks lead a broader tech selloff. Keeping up with premarket losses, the Dow Jones Industrial Average (DJI) is nearly 130 points lower, while the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also sitting in red ink. On the economic data front, new home sales came […]
FTSE Hovering Around The Flatline, After A Stellar Week

FTSE Hovering Around The Flatline, After A Stellar Week

Image Source: Pexels UK stocks remained subdued on Monday in a shortened holiday week as markets processed recent advances following dovish shifts from major central banks. Meanwhile, Direct Line saw a drop in its shares after Belgian insurer Ageas scrapped its plans to acquire the company. The FTSE 100 index, which includes leading British companies, remained […]
Cloud Stocks: Adobe Monetizing Its Generative AI Tools

Cloud Stocks: Adobe Monetizing Its Generative AI Tools

Photo Credit: midiman/Flickr.com  Adobe (Nasdaq: ADBE) recently reported its quarterly results that were ahead of market expectations. However, it provided a weak outlook that sent the stock tumbling 11% in the after-hours trading session.  Adobe’s FinancialsAdobe’s first quarter revenues grew 11% to $5.18 billion, ahead of the market’s estimates of $5.14 billion. Adjusted EPS of $4.48 […]
US New Home Sales Unexpectedly Dropped In Feb As Prices Tumbled

US New Home Sales Unexpectedly Dropped In Feb As Prices Tumbled

After a big surprise surge in existing home sales, new home sales in February disappointed, dropping 0.3% MoM (vs an expected 2.3% increase).Source: BloombergDespite the decline, new home sales are up 5.9%.Sales declined in the Northeast and Midwest…Source: BloombergWhile homebuilders are buying down rates, we note that mortgage rates jumped back above 7% in February and likely […]
Analytical Overview Of The Main Currency Pairs – Monday, March 25

Analytical Overview Of The Main Currency Pairs – Monday, March 25

Image Source: Pexels  The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0860 Prev Close: 1.0807 % chg. over the last day: -0.49 % The euro fell to $1.08, hitting its lowest level since February 29, as dovish comments from typically hawkish European Central Bank policymakers boosted hopes that the bloc’s central bank may start cutting rates soon. […]
What Is The Gold-Silver Ratio? Why Should We Pay Attention To It?

What Is The Gold-Silver Ratio? Why Should We Pay Attention To It?

Image Source: Unsplash  You’ll often hear precious metals investors talk about the gold-silver ratio. So, what is it, and why does it matter?The gold-silver ratio tells you how many ounces of silver it takes to buy one ounce of gold given the current spot price of both metals.In other words, it tells you the price of […]