ING Bank: This Gold Rally Is Just Getting Started
Given all of these bullish factors, ING projects gold to average $2,580 in the fourth quarter. That would boost the 2024 average to $2,388, with that average rising by more than 13 percent next year.
Consolidative Tuesday: Sept 10
The US dollar is mostly consolidating so far today with a slightly heavier bias against the G10 currencies and most emerging market currencies.
JPMorgan Tumbles After Bank's President Says Analysts Are "Too Optimistic"
The stock of the largest US bank is tumbling this morning after Daniel Pinto, JPMorgan's president, said that analysts were too optimistic in projecting next year’s expenses and net interest income, sending the shares down more than 6%.
Gold Attempting Breakout Within 50-Year Rising Channel
Today, we look at a long-term “monthly” ratio chart of Gold to the U.S. Dollar to highlight another potentially bullish confirmation signal for gold.
Tech Stocks Lead Market Gains As Investors Await Key CPI Data And Fed Rate Cut Decision
Investors are clearly focused on the upcoming CPI report, which could offer crucial insights into the Federal Reserve’s next move.
Are Gold Miners Better Than Gold?
This past weekend, we received this question from a reader. The question is in reference to our recent article, Bull Steepener is Bearish.
XAGUSD Commodity Elliott Wave Technical Analysis - Tuesday, September 10
While Silver is experiencing a short-term correction, the broader Elliott Wave structure suggests that the bullish trend will resume once this pullback is completed.
Our Cybersecurity Software Portfolio Was -9.6% Week-Ending Sept. 6th
Tech stocks began to plummeted last Tuesday, Sept. 3rd, after the ISM manufacturing index reported August figures that came in below consensus expectations raising fears about the economy's strength and the Federal Reserve cutting interest rates.
Bear Of The Day: Exxon Mobile
Last week’s pullback has investors looking for stocks to buy. One of the most popular sectors for investors to look at is the energy sector. Most of us spend more money and time at gas stations than we’d like to.
AUD/USD Outlook: Downside Bias Intact Ahead Of US CPI
The AUD/USD pair has slipped to new lows since Friday. The likelihood of a 50 bps September Fed rate cut has fallen from around 50% to 30%. Business conditions in Australia fell by 3 points to +3, a two-and-a-half-year low.
Wary Of CPI
VIX hanging man foretold the S&P 500 upswing – the same pattern brought up in S&P 500 context the preceding weekend for clients‘ benefit.
Cardano Active Addresses Hit 5-Month Peak: What’s Driving The Growth?
ADA daily active addresses have surged passed 52,000. The latest Chang update and the new Cardano meme token Launchpad propel the blockchain’s growth. Maintaining such trends would bolster ADA’s growth and price actions.
GBP/CHF Edges Lower As Swiss Franc Continues To Outperform
GBP/CHF trades marginally lower as the Pound weakens against the Franc. UK employment data was robust and led to GBP rising in its key pairs. GBP/CHF fell, however, due to the resilience of the Swiss Franc.
Our Gold Equities Portfolio Was -6.2% Week-Ending Sept. 6th
The best time to invest is often when sentiment is at its lowest, and sentiment around gold and silver equities is pretty low right now but history tells us that this could be the perfect time to buy.
Analytical Overview Of The Main Currency Pairs - Tuesday, September 10
Swap markets are pricing the odds of a 50bp rate cut at next week’s FOMC meeting at 31%, down from 50% following the release of the US payrolls report last Friday.
Netflix Inc. Stock Elliott Wave Technical Analysis - Tuesday, September 10
Netflix Inc. (NFLX) Stock Elliott Wave Technical Analysis
XRP News: Ripple CLO Blasts Fed, Reveals Who’s Really Laundering Billions
Do you think traditional finance deserves more blame than crypto for money laundering?
New Scandal: Watch For These Dealer And Depository Red Flags
Investors who choose Money Metals when buying, selling, or storing their gold and silver can have peace of mind.
SP500 Daily Trade Plan - Tuesday, September 10
In this update we review the recent price action in the emini SP500 futures contract and identify a trading plan and price objectives for the trading session ahead.
KOSPI Composite Index Elliott Wave Technical Analysis - Tuesday, September 10
In summary, the KOSPI Composite is currently experiencing a bullish trend with orange wave 3 in progress. The completion of orange wave 2 signals the start of further upward momentum.