Gold Miners Enter The Bears Den
Many investors consider a decline of 20% or more to be a bear market. We can debate the merit of the random 20% figure, but according to that definition, gold miners, down 25% from its peak on October 22, are in a bear market. We have noted numerous times in the last month or so […]
Elliott Wave Technical Analysis: Shanghai Composite Index – Tuesday, Nov. 19
Shanghai Composite Elliott Wave Technical AnalysisFunction: Counter TrendMode: Impulsive as CStructure: Gray Wave CPosition: Orange Wave 2Direction (Next Higher Degrees): Orange Wave 3Details: Gray wave B appears completed, with gray wave C now active.Wave Invalid Level: 2684.5610The Shanghai Composite daily chart analysis by Trading Lounge highlights a counter-trend phase within an Elliott Wave structure. The active wave […]
Forex Today: Bitcoin Keeps Coiling Below Record High
Image Source: Pexels Bitcoin threatens to make a new record high as it below last week’s high just above $93,000, which suggests that it could reach $100,000 soon. The cryptocurrency Bitcoin has consolidated since making a record high above $93,000 a few days ago, but the price action right now indicates a further bullish breakout is looking likely […]
BTC/USD Forex Signal: Bullish Pennant Points To More Gains
Bullish View Buy the BTC/USD pair and set a take-profit at 95,000. Add a stop-loss at 87,000. Timeline: 1-2 days. Bearish View Sell the BTC/USD pair and set a take-profit at 87,000. Add a stop-loss at 95,000. Bitcoin price remained above $90,000 this week as hopes of friendly regulations continued. The BTC/USD pair was trading […]
Pound Sterling Consolidates As Focus Shifts To BoE Hearings
The Pound Sterling trades back and forth ahead of several BoE members’ hearings before the Treasury Committee. Traders expect that the BoE will cut interest rates by 25 bps in December. Nomura expects the Fed to leave interest rates unchanged in December. The Pound Sterling (GBP) trades sideways against its major peers on Tuesday with […]
FX Daily: Focus On The Treasury Secretary Pick
Image Source: Pexels Markets are consolidating after a period of heightened volatility. In focus currently is President-elect Trump’s pick for the influential post of US Treasury Secretary. Given the large US budget deficit, investors will probably want to see a safe pair of hands being chosen. Elsewhere, there will be a lot of focus on the Hungarian […]
Metal Markets Report For Monday, Nov 18
Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:07:07More By This Author:Financial Markets Report For Monday, Nov 18Metal Markets Report For Thursday, Nov 14Financial Markets Report For Thursday, Nov 14
Elliott Wave Technical Analysis: Euro/British Pound Forex For Tuesday, Nov 19
Image Source: PixabayEURGBP Elliott Wave Analysis Trading Lounge Euro/British Pound (EURGBP) Day ChartEURGBP Elliott Wave Technical Analysis Function: Bearish Trend Mode: Impulsive Structure: Orange Wave 3 Position: Navy Blue Wave 3 Direction (Next Lower Degrees): Orange Wave 3 (in progress) Details: Orange wave 2 appears to have concluded, with orange wave 3 now active. Wave Invalid Level: 0.84483The EURGBP […]
GNRC: A Promising Small Cap Play In A Rallying Market
Image Source: PixabayI see continued strength into year end, led by small caps in December. That should be followed by a sideways grind/consolidation in the front half of next year as policy and Trump Administration appointments crystallize. Generac Holdings Inc. (GNRC) is one favorite small cap in this environment.I expect resumed strength in the second half next year […]
Understanding Gold Macro Trends In A Single Chart
Image Source: PixabayGold against the 60/40 Portfolio shows how precious metals are performing against stocks and reflects capital flows. Money is moving out of Bonds and into Stocks first and Gold as a close second.Video Length: 00:09:07More By This Author:Silver & The Greatest Breakout In Modern History Secular Bear Market Will Begin In Trump’s 2nd Term […]
