Category Archive: Finance, No picture
Gold In Store For More Losses As Firm Dollar, Trump 2.0 Spook Market
Image Source: Unsplash Gold prices remained in bear territory as a stronger dollar limits demand among overseas buyers. Investors are likely to wait for cues on inflations from the release of the US CPI data. Silver and palladium futures also fall on Tuesday as a stronger dollar and Trump policies weigh on market. Gold prices […]
Mt. Gox moves 2,500 Bitcoin as price approaches $89,000
Key Takeaways Mt. Gox transferred 2,500 Bitcoin worth about $222 million as Bitcoin neared $89,000. The exchange holds around 44,378 BTC valued at approximately $3 billion. Share this article A Mt. Gox-labeled wallet just transferred 2,500 Bitcoin, worth around $222 million, to an unidentified address starting with “1PQZw2” in the last 30 minutes, according to […]
Biotech Stocks Are Rallying: What Is Your Playbook?
Image Source: UnsplashPlaybook for the Biotech Bull Run Pick a basket of Large Cap biopharma stocks: ABBV, LLY, MRK, PFE, VRTX. (see updates on ABBV and BMY). Buy a biotech fund (FBIOX) and the XBI. Trade SMID biotech stocks with the XBI. More difficult and with increasing volatility. If you have been reading our posts you know […]
Bitcoin ETFs hit $7 billion in trading volume, highest since March
Key Takeaways Spot Bitcoin ETF trading volumes peaked at $7.2 billion on November 11. BlackRock’s IBIT ETF led the market with $4.6 billion in trading volume. Share this article Institutional appetite for Bitcoin continues to grow as US spot Bitcoin ETFs saw their biggest trading day in over 7 months. According to Bloomberg ETF analyst […]
Australian Dollar Extends Losses Due To Likelihood Of Potential Tariffs From Trump
Image Source: Unsplash The Australian Dollar depreciates due to concerns over potential tariffs on Chinese goods from US President-Elect Donald Trump. Australia’s Westpac Consumer Confidence index increased by 5.3% in November, reaching 94.6 points. Traders await the US Consumer Price Index data release on Wednesday for insights into future US policy. The Australian Dollar (AUD) losses […]
Bitcoin’s Market Cap
Image Source: UnsplashJust to put things in perspective, here’s how the total value of all Bitcoins. Incredibly, 30% of this value has been lost by human error, such as losing the password or throwing away a hard drive. This evening, $BTC seems hellbent on getting to $90,000. More By This Author:Crypto-Crazed Next Era’s Next Era Capricious […]
The Canadian Cannabis Report- Monday, Nov 11
Image Source: UnsplashFor the trading week ended November 8, 2024 my proprietary Canadian Cannabis Company Index (MCCCI) decreased by 9.5% compared to the prior week when it increased by 4.8 %. The index consists of 14 stocks, many of which are among the most widely held holdings of the 3 ETFs (MJ, CNBS, and THCX) that […]
Asia Open: China’s 1 Trillion Export Problem, Sends FX Traders On Yuan Watch
Image Source: Unsplash MARKETSMost U.S. stocks are pushing higher on Monday, with sectors expected to benefit from Trump’s re-election—particularly small-caps and financials—leading the way. While Big Tech has been cooling off and keeping the indexes from soaring, the S&P 500 still managed to edge upward in late trading. This comes off the back of its best […]
Dollar, Financials Rise, While Oil And Technology Fall
Image Source: Unsplash Stocks ended the day mostly mixed. The technology sector was down, while small caps and financials were higher, leading to the S&P 500 finishing near flat. Dollar The bond market was closed today, but the dollar was stronger, rising by more than 50 bps on the dollar index. The DXY is nearing a […]
Drilling For Oil Drilling Stocks
Image Source: Unsplash The oil and gas industry has experienced significant fluctuations in recent years, influenced by various factors such as geopolitical tensions, fluctuating demand, and the rise of renewable energy. Despite these challenges, oil and gas remain crucial components of the global energy mix, particularly for emerging economies.Global oil demand is projected to remain robust, […]
