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He Called The Breakout. What’s Next For Gold?

He Called The Breakout. What’s Next For Gold?

Image Source: UnsplashIn November 2023 we interviewed Robert Sinn  @GoldfingerCapital  who said Gold was about to enter to Nirvana. His call was dead on.We follow up and get his upside targets for Gold and timetables as well as his outlook for Silver. The interview is divided into chapters.Video Length: 00:32:54More By This Author:How History Informs Us About Gold’s […]
Elliott Wave Technical Analysis: GBPUSD – Wednesday, March 13

Elliott Wave Technical Analysis: GBPUSD – Wednesday, March 13

GBPUSD Elliott Wave Analysis Trading Lounge Day Chart, 13 March 24  British Pound/U.S.Dollar (GBPUSD) Day ChartGBPUSD Elliott Wave Technical AnalysisFUNCTION: Trend        MODE: impulsive        STRUCTURE:  Red wave 3    POSITION:  blue wave 5        DIRECTION NEXT LOWER  DEGREES: red wave 4      DETAILS: Red wave 2 of blue […]
The US Economic Bust Continues, But A Recession Has Been Delayed

The US Economic Bust Continues, But A Recession Has Been Delayed

Image Source: PixabayThe combination of the ISM Manufacturing New Orders Index (NOI) and the yield curve, our two favourite high-frequency leading indicators of US recession, has been warning of imminent recession since September-2023. Clearly, the warning has not been timely in that no recession has materialised yet. Furthermore, a month ago we noted that while the […]
EUR/USD Price Analysis: Stuck In A Range Below 100-Hour SMA Pivotal Resistance

EUR/USD Price Analysis: Stuck In A Range Below 100-Hour SMA Pivotal Resistance

Image Source: Pixabay EUR/USD struggles for a firm intraday direction and remains confined in a narrow band. The technical setup favours bulls and supports prospects for some meaningful upside. Rising bets for a rate cut by the Fed and the ECB in June keep traders on the sidelines. The EUR/USD pair continues with its struggle to […]
AUDUSD Uptrend Takes A Breather: Correction Or Reversal?

AUDUSD Uptrend Takes A Breather: Correction Or Reversal?

Image Source: UnsplashAUDUSD has displayed a recent pullback after a strong uptrend, prompting a closer look at the technical situation. This analysis explores the potential scenarios for the currency pair.Uptrend Intact, But Correction Likely: Upward Trajectory Maintained: Despite the pullback, AUDUSD remains within the uptrend that commenced at 0.6477. This suggests that the overall bullish sentiment is still […]
Metals Report For Tuesday, March 12

Metals Report For Tuesday, March 12

Image Source: UnsplashIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:09:01More By This Author:Financial Markets Report For Tuesday, March 12SPDR ETF Report For Monday, March 11Metals Report For Monday, March 11
China Dumping US Wheat Shipments At Record Pace

China Dumping US Wheat Shipments At Record Pace

Image Source: UnsplashChina, the world’s top agricultural importer, has canceled half a million tons of wheat from the US over the past week, adding to the record number of cancellations that have weighed on Chicago futures, according to Bloomberg. On Monday, private exporters exited purchases of 264,000 metric tons of US soft red winter wheat to China. This […]
Elliott Wave Technical Analysis: DOGEUSD – Wednesday, March 13

Elliott Wave Technical Analysis: DOGEUSD – Wednesday, March 13

Image Source: PexelsElliott Wave Analysis TradingLounge Daily Chart, 13 March 24,Dogecoin/ U.S. dollar(DOGEUSD)DOGEUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: ImpulsePosition: Wave IIIDirection Next higher Degrees: Wave (I) of ImpulseWave Cancel invalid Level: 0.0770Details: Wave III may be complete watch out for the CorrectiveDogecoin/ U.S. dollar(DOGEUSD)Trading Strategy:Dogecoin enters a full uptrend. The current surge of Wave […]
Air Products: A Compelling Short Opportunity

Air Products: A Compelling Short Opportunity

Image Source: UnsplashMay I present to you Air Products (APD), which is an appealing short setup. More By This Author:This Is How AI Destroys A Company Utilities On Deck TSLA Downshift
Inflation Is Proving To Be Quite Sticky 
                    
February CPI
Historical Perspective

Inflation Is Proving To Be Quite Sticky February CPI Historical Perspective

Image Source: PixabayThis analysis takes the BLS inflation data and recalculates the percentage changes at the category level to get unrounded numbers. The total number ties to the BLS, but it gives more detail at the granular level.February CPIBelow is the inflation data that has been taken from the BLS. After bottoming in October of last […]