Silver Mine Supply From Mexico, Peru, & Chile Likely To Decline Over Next 3-4 Years
Image Source: Pixabay In the midst of a reported silver deficit that is now about to reach its 6th straight year (when accounting for the flows into the ETFs and silver funds), Steve Cope of Silver Viper explains why the silver supply from 3 of the largest silver producing nations is likely going to fall in […]
LLY Stock Rebounds Amid AI-Driven ALS Research Breakthroughs
Image courtesy of 123rf.com Verge Genomics and Eli Lilly (NYSE: LLY) have announced significant progress in their joint efforts to develop novel treatments for amyotrophic lateral sclerosis (ALS), a debilitating neurodegenerative disease. Since the collaboration began in July 2021, the partnership has utilized Verge Genomics’ artificial intelligence-driven CONVERGE platform to identify two promising drug targets.This advancement marks a […]
Softs Report – Wednesday, Nov. 20
COTTON General Comments: Cotton was a little higher yesterday after a choppy session and the trends are still down in this market. Futures posted new contract lows in early trading, then rebounded back closer to unchanged levels for the rest of the day China moved to lower interest rates again and there are hopes this […]
Dow Pivots Lower As Target Earnings Drag Retail Sector
Stocks continue to give back their post-election gains, slipping today on the heels of Target’s (TGT) dismal quarterly report. The Dow Jones Industrial Average (DJI) is down triple digits at last check and is heading for a fifth-straight loss. Both the Nasdaq Composite (IXIC) and S&P 500 Index (SPX) are carrying midday losses as well, as the tech sector […]
Money In Motion: Top Picks To Power Your Portfolio Today
Image Source: Pexels Welcome to this morning’s market analysis and top trading ideas, distilled from our StoryTrading Pre-Market Prep session. With a market environment currently ripe for striking, we aim to make the most of this fertile period before potential pullbacks arrive. Catch the full Pre-Market Prep video here. Today, we’ll delve into macro trends and […]
Unlocking ASX Trading Success: Suncorp Group Limited
ASX: SUNCORP GROUP LIMITED – SUN Elliott Elliott Wave Technical Analysis TradingLoungeGreetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with SUNCORP GROUP LIMITED – SUN. We see ASX:SUN continuing to push higher with wave (iii)-orange of wave ((v))-navy.ASX: SUNCORP GROUP LIMITED – SUN 1D Chart (Semilog Scale) AnalysisFunction: Major trend (Minuette degree, purple)Mode: MotiveStructure: ImpulsePosition: […]
Is Fed Policy Still Too Tight?
The next round of central bank decisions could rank among the most challenging in recent history, perhaps in decades. Policy hawks and doves can cite a fair amount of evidence to support their respective views. The deciding factor, as usual, will be the incoming data. But waiting for clear signs could risk the Fed’s success […]
Analytical Overview Of The Main Currency Pairs – Wednesday, Nov. 20
Image Source: Pixabay The EUR/USD currency pairTechnical indicators of the currency pair: Prev. Open: 1.0598 Prev. Close: 1.0594 % chg. over the last day: -0.04 % ECB officials, including Vice President Luis de Guindos and Bundesbank President Joachim Nagel, warned that new US trade tariffs could hurt economic growth in the Eurozone while downplaying inflation concerns. […]
GBP/CAD Price Prediction: Pierces Below Confirmation Level For Rising Wedge
GBP/CAD is extending its decline after breaking out of a bearish Rising Wedge pattern. The pair has already pierced below the October 3 lows (dashed red line), one of the confirmation levels for the pattern and is therefore likely to continue lower. GBP/CAD Daily Chart The next target to the downside is at 1.7518, the 61.8% extrapolation […]
Gold Analysis: Forms A New Uptrend Channel
For three consecutive trading sessions, the gold price has been moving within an upward rebound, with gains reaching the resistance level of $2642 per ounce, the highest price in a week. This rebound is to recover from losses that reached the lowest level of the gold price index, which plummeted last week to the support […]
