Elliott Wave View: Oil Short Term May See More Downside
Nov 25, 2024
Jeremy Parkinson
Finance, No picture
Image Source: UnsplashShort Term Elliott Wave View in Oil (CL) suggests that cycle from 10.8.2024 high is in progress as a 5 waves impulse. Down from 10.8.2024 high, wave 1 ended at 66.72. Wave 2 rally ended at 72.89 as the 1 hour chart below shows. It has then turned lower again in wave 3. Down […]
The Canadian Cannabis Report – Monday, Nov 25
Nov 25, 2024
Jeremy Parkinson
Finance, No picture
Image Source: UnsplashFor the trading week ended November 22, 2024 my proprietary Canadian Cannabis Company Index (MCCCI) was unchanged compared to the prior weekwhen it decreased by 5.9%. 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 I consider to be a […]
Rates, Dollar, And Nvidia Drop Sharply On November 25, 2025
Nov 25, 2024
Jeremy Parkinson
Finance, No picture
Image Source: UnsplashIt was a strange day, for sure. The Treasury rate fell quite a bit, certainly more than I would have expected given the naming of a Treasury Secretary. Of course, the solid 2-yr auction results at 1 p.m. added to the decline in 10-year rates today.Still, how much lower can the 10-year go when […]
Rumble to invest up to $20 million in Bitcoin from its cash reserves
Nov 25, 2024
Jeremy Parkinson
Cryptocurrency, No picture
Key Takeaways Rumble plans to invest $20 million in Bitcoin to diversify its corporate treasury. Bitcoin is viewed by Rumble as a strategic asset and an effective inflation hedge. Share this article Rumble plans to invest up to $20 million of its excess cash reserves in Bitcoin as part of a new corporate treasury diversification […]
Why Dividends Make Sense In Today’s Markets
Nov 25, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash Explore the tax benefits and strategic advantages of investing in dividend-paying stocks in today’s Lifetime Planning episode of the Financial Sense Newshour. We dive deep into dividend investing and look at the advantages…Running Length: 00:21:45More By This Author:Smart Macro: Is The Bull Market In Gold Over? Not Unless This Happens Global Liquidity Vs. […]
Bonds Pop, Gold Drops, And China Makes A Move
Nov 25, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash Bonds and gold historically have a positive correlation; they tend to move together. But that’s been breaking up as of late, and that’s what happened today. Whether they’re breaking up for good is a different story.Treasuries saw their biggest rally since August, but gold had its biggest drop since the beginning of the […]
Pump.fun halts livestreams indefinitely after community backlash
Nov 25, 2024
Jeremy Parkinson
Cryptocurrency, No picture
Key Takeaways Pump.fun suspends livestream feature indefinitely to develop safeguards after widespread criticism of harmful broadcasts. The platform is enhancing moderation efforts amid unprecedented growth in livestream activity. Share this article Pump.fun, a Solana-based meme coin platform, has suspended its livestream feature indefinitely following widespread community backlash over harmful content broadcasts.In a community notice, the […]
Bitcoin rally toward $100k stalls as long-term holders cash out
Nov 25, 2024
Jeremy Parkinson
Cryptocurrency, No picture
Key Takeaways Bitcoin’s $100k rally stalls as long-term holders sold off 461,000 BTC. Total3 index rose 23% as capital shifted from Bitcoin to altcoins, suggesting an ‘altseason’. Share this article Bitcoin’s historic rally toward $100,000 has hit a roadblock, with the price falling below $95,000 today, sparking debates over the strength of the current bull […]
This Inflationary Sector Bounce Won’t Last
Nov 25, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash Over the past few weeks, we’ve seen a nice bounce in so-called “inflationary” sectors. Basic materials (XLB) emerged as last week’s leader, and over the past month, the top-performer is energy (XLE).But if you’ve been tuning into TheoTrade’s live sessions, you’ve heard me talking about crude oil’s imminent collapse.And finally, I think we […]
Sui taps Bitcoin’s $1.8 trillion market with liquid staking integration
Nov 25, 2024
Jeremy Parkinson
Cryptocurrency, No picture
Key Takeaways Sui blockchain will integrate Bitcoin through Babylon Labs and Lombard Protocol, enabling Bitcoin staking in Sui’s DeFi ecosystem. LBTC, a liquid staking token, will be minted on Sui and serve as a core asset within its financial ecosystem. Share this article Sui has partnered with Babylon Labs and Lombard Protocol to introduce Bitcoin […]