Tag: investments
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![Stock markets fall under pressure as oil prices hit their highest levels in 2023]()
Stock markets fall under pressure as oil prices hit their highest levels in 2023
I have been updating my readers on the technical pattern on oil. The energy sector is bullish and the technicals are indicating more upside. The stock markets are falling on fears of an inflation surprise uptick. Oil is the lifeblood of the economy and higher oil prices means higher transportation costs. Costs which will be…
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![Jerome Powell signals higher rates may be needed]()
Jerome Powell signals higher rates may be needed
When Nvidia blew out earnings, many saw it as a catalyst to see stock markets break out higher. However, certain technical patterns and levels I have been highlighting in my Market Moment articles told my readers and I that the downtrend was not over. This, I believe, is the power of technical analysis. But fundamental…
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![Silver rallies five trading days in a row! Is China the catalyst?]()
Silver rallies five trading days in a row! Is China the catalyst?
After multiple red days in a row after breaking a key support level, silver has rallied for five trading days in a row setting up a key retest of broken support. At time of writing, silver is up over 8% since the beginning of this run-up starting August 18th 2023. And what are the catalysts…
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![Bitcoin tumbles on Elon Musk’s SpaceX dumps holdings]()
Bitcoin tumbles on Elon Musk’s SpaceX dumps holdings
Last month, I gave readers my Bitcoin analysis and highlighted key levels. At that time, Bitcoin was testing a key resistance zone and after weeks of futile attempts to break through, the sellers piled in. There was one key breakdown of critical support which then turned my mood bearish. This is the chart and projection…
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![Uranium to $65 by year end?]()
Uranium to $65 by year end?
The uranium spot price market continues to climb as the momentum from a recent technical breakout continues. Before we jump into the charts, let’s take a look at the fundamentals. If you follow this market, then I am sure you know why uranium is in a bull market. It is all about nuclear energy to…
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![Is now the time for gold to shine?]()
Is now the time for gold to shine?
If you are a gold bug, heck even if you are bullish on silver, then July 12th 2023 was a very good day for you. Here’s an image of the price action in the last three days: Overall it was a great day for risk on assets. The precious metals popped, energy popped, other commodities…
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![US dollar pukes as inflation rises at slowest pace since March 2021]()
US dollar pukes as inflation rises at slowest pace since March 2021
Well… it appears as if we are going full risk on. The US dollar is selling off and we are seeing a rise in metals, commodities, big potential breaks in the currency markets, and yes, a nice move in the stock markets. But can this move be sustained? What was the trigger for these early…
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![World stock markets tumble as bond yields rise]()
World stock markets tumble as bond yields rise
Global equity markets are selling off hard this morning as the probability of more rate hikes increase. The real action is in the bond markets as yields are rising. The US 2 year yield actually broke out into new recent highs taking out the March 2023 peak. The 10 year yield is also breaking out…
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![Make or break for silver?]()
Make or break for silver?
Silver (XAGUSD) remains consolidated after making a one leg down move with the price breaking below $24.50 and then retesting this breakdown zone. This move lower was not a surprise to our readers given my analysis on gold. Silver tends to follow gold rather than copper even though most consider silver a more industrial metal…
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![Stock markets approach key resistance. Is a new downtrend about to begin?]()
Stock markets approach key resistance. Is a new downtrend about to begin?
What a month it has been for US stock markets. US markets have been in hard rally mode since June 1st 2023, with the Nasdaq seeing its rally begin on May 24th 2023. A few other markets in the world are joining in on the party. Japan’s Nikkei continues to break decades long records largely…
