Gold Technical Update: Positioning for a Possible Bullish Breakout Ahead of US CPI Release
This is a follow-up analysis of our prior report “Gold Technical: The recent sell-off may have reached a potential bullish reversal level at US$2,353” published on 26 July 2024. Click here for a recap. Since our last publication, the price actions of Gold (XAU/USD) have managed to stage a rebound above the US$2,353 bullish reversal […]
Weekly Market Outlook: Central Banks Take Center Stage
Week in Review: Market Participants Left with More Questions As the week draws to a close, US data remained robust with a marginal uptick in both the core CPI and PPI prints. Data leading into Thursday’s US session seemed to solidify a 25 bps cut from the Federal Reserve, however the idea of a 50 […]
US Stock Futures Dip as Market Awaits Further Signals from the Fed – Investing.com
Investing.com– U.S. stock index futures fell slightly in evening deals on Monday as Wall Street steadied near record highs, with focus squarely on more upcoming signals from the Federal Reserve on interest rates. Wall Street marked a sluggish start to the week, recovering marginally from Friday’s losses, but remaining in sight of record highs hit […]
PBOC Press Conference; S&P Hits New Record; RBA Rate Decision Announced
Buildings in Pudong’s Lujiazui Financial District in Shanghai, China, on Monday, Jan. 29, 2024. Bloomberg | Bloomberg | Getty Images Hong Kong’s Hang Seng index surged over 3% on Tuesday, led by consumer non-cyclical stocks and leading gains in Asia as Beijing announced a slew of policy easing measures in a rare briefing from central […]
China’s Central Bank Unveils Series of Support Initiatives in Response to Intensifying Economic Downturn
Pan Gongsheng, governor of the People’s Bank of China, delivers a speech during the 2024 Lujiazui Forum on June 19, 2024 in Shanghai, China. Vcg | Visual China Group | Getty Images BEIJING — China will cut the amount of cash banks need to have on hand, known as the reserve requirement ratio or RRR, […]
China Considers Stock Stability Fund and Releases $113 Billion from PBOC
(Bloomberg) — China is weighing plans for a stock stabilization fund, and will unleash at least 800 billion yuan ($113 billion) of initial liquidity support for its beleaguered equity market. Mainland and Hong Kong shares jumped. Most Read from Bloomberg The People’s Bank of China will set up a swap facility allowing securities firms, funds […]
Trump Media Stock Plummets to Record Low Right as Trump Gains Ability to Sell His Shares
Shares of former President Donald Trump’s media startup on Monday tumbled more than 10 percent, taking the stock down to its lowest point since the company went public six months ago. The Trump Media & Technology Group stock, which trades under the ticker DJT, closed 10.3 percent lower on Monday, settling at $12.15 a share […]
New Silica Investment Thesis
Silica An overlooked investment opportunity with few quality publicly traded companies in the space. But what is it used for…. Silica is an oxide of silicon (silicon dioxide) which is primarily found in quartzite. High Purity Quartzite (HPQ) is ideal for industrial processing. Quartz deposits are widely dispersed in nature, but the presence of ore bodies […]
The Federal Reserve’s Upcoming Moves – Chris Temple
Good evening Investors! Just following the late August Kansas City Fed-hosted annual summer picnic in Jackson, Wyoming, I recapped Fed Chair “Joliet Jake” Powell’s evolving messaging and what it portends with The Prospector News’ Michael Fox. In THAT DISCUSSION, I pointed out (among numerous other things) that the central bank will increasingly be deflecting blame […]
Beyond the U.S. Election: Navigating Stagflation, Commodity Trends, China, and Beyond
Looking Past the U.S. Election: Continuing Stagflation…Commodities…China…and More Today, we mark summer’s unofficial end. I guess I am getting older, as this one flew by faster than any summer of my life! We’ll be up north a bit longer still, but looking past that, I’ll be weaving my way back home by mid-month (with possibly […]