Category Archive: Finance, No picture
You Might Get A Higher Gold Price, But…
Image Source: Pixabay A HIGHER GOLD PRICEWe are currently in the midst of the latest round of projections for new highs in the gold price. Those projections are more the result of anxious anticipation and elevated emotions rather than real fundamentals.Expectations for a reversal in Fed interest rate policy were given a boost last month with […]
OpenAI Just Debuted Two New Offerings
Image Source: Unsplash OpenAI – the Microsoft-backed artificial intelligence company is in focus this morning after it rolled out two new offerings; the GPT Store and ChatGPT Team. What’s the thought behind the GPT Store? GPT Store is much like the App Store where you can list a personalised chatbot for others to download. Members of the community have […]
Banks Take Advantage Of A Free Money Arbitrage Opportunity Offered By The Fed
Lesson of the Day: Banks do not turn down free money. The Fed created a Bank Term Funding Program (BTFP) to bail out banks that foolishly levered into long-term interest rate bets that went sour.The BTFP program allows banks to swap underwater US treasuries with the Fed at par value, effectively bailing out the speculators.BTFP […]
Hess Corporation – Bearish Signs And Their Implications
Image Source: UnsplashTwo candlesticks’ formations, price gap, and indicators signals. What does it tell us about the price’s future?In today’s article, I decided to take a closer look at the current technical picture of Hess Corporation (HES). Why? Because many important technical factors appeared, which changed the very short-term picture of the stocks.What can we expect next?Before […]
U.S. Small Business Optimism Rises In December: 5 ETF Picks
Image Source: Pixabay Small-cap stocks, as indicated by the Russell 2000 Index, had the best December so far and the best month versus the large-cap counterparts since February 2000. This reflects an abrupt turnaround from their sluggish performance through much of 2023. However, the strong rally fizzled at the start of 2024 amid the broad market […]
Three Stocks Poised To Benefit The Most From A Spot Bitcoin ETF Approval
Image courtesy of 123rf.com Compromised SEC account or not, the Bitcoin ETF approval hype showed its strength late Tuesday when the BTC price reached $47.8k. This level aligns with the beginning of the Fed’s interest rate hiking cycle in March 2022.Not only are institutional capital inflows now nearly set in stone for Bitcoin but Fed fund […]
Softs Report – Wednesday, Jan. 10
COTTON General Comments: Cotton closed higher again yesterday in sideways trading. Demand for US Cotton in the export market has improved over the last couple of months and was very strong last week. The US economic data has been positive, but the Chinese economic data has not been real positive and demand has been down. […]
More Breakdowns In Mining Stocks – All Eyes On The USD
Gold miners just moved to fresh 2024 lows, and we saw additional breakdowns.The decline continues, as expected.In yesterday’s analysis, I wrote about breakdowns in various proxies for the mining stock sector, and I emphasized that we haven’t seen them in all proxies, so the pause that we see here is normal.The most important thing about […]
David Hunter Called It Last Time, What’s Next?
2024 is a new year and that means a new bunch of interviews are coming your way on GoldCore TV. First up we have Contrarian Macro Strategist David Hunter. Last time David was on the show he made some punchy calls, which were the absolute opposite to what the mainstream was suggesting was going to happen. […]
Big Bearish Corn Bet. The Corn & Ethanol Report
We kicked off the day with MBA 30-Year Mortgage Rate, MBA Mortgage Applications, MBA Mortgage Market Index, MBA Refinance Index, and MBA Purchase Index at 6:00 A.M., Wholesale Trade at 7:30 A.M., Wholesale Inventories MoM at 9:00 A.M., EIA Energy Stocks and NY Fed Treasury Purchases 0 to 2.25 yrs. at 9:30 A.M., 17-Week Bill […]
