Tag: DXY
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Gold to trigger reversal pattern down to $2100?
The price of gold has defended and bounced off of two week lows, but my technical eyes have caught something. Once again folks, I trade the markets I see, not the markets I want to see. I remain long term bullish gold and silver, but am open to play downside moves. Let me present a…
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Stock Markets and Gold shaky as bond yields rise
Besides Nvidia carrying the Nasdaq, the other major US indices have been a bit shaky. We will jump into the charts below. And as usual, the prime suspect is the action in the bond markets. Of course this has a lot to do with the Federal Reserve and interest rate cuts. At time of writing,…
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Are stock markets about to crash hard?
At time of writing the US stock markets are green for the day in an attempt to end four red days in a row. However, the green is slowly dissipating with a sell off. In fact, the Nasdaq has already gone red. My readers know that I like to rely on technicals. We will get…
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![Silver below $20 and Gold below $1800?]()
Silver below $20 and Gold below $1800?
On September 19th 2023, I published an article titled “The moment of truth for silver!“. I really meant it. The price of silver was contained between two major trendlines and technical traders were waiting for the break. What got me worried was the fact that everyone’s favorite white precious metal had retraced hard after briefly…
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![Yensanity! Why the Bank of Japan matters!]()
Yensanity! Why the Bank of Japan matters!
Months ago, I warned readers that the Bank of Japan is the most important central bank to be watching. I even did a video explaining why every trader must be watching the Bank of Japan (BoJ). Nobody really cared much about the BoJ since their monetary policy meetings never changed. But things could be changing.…
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![Stock markets are scary, but this market truly is frightening!]()
Stock markets are scary, but this market truly is frightening!
Stock markets are looking scary, but the debt markets are truly worrying. Before we get to the instability in debt, and what that means, let’s breakdown what is affecting markets. Not a surprise that inflation numbers came out higher than expected. Peak inflation narrative is quickly becoming the new transitory inflation. You will hear this…
