Tag: trading
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Silver bulls maintain strong uptrend!
Ever since breaking out above $25.50, silver has been in a technical breakout. In my last article highlighting this break, I spoke about silver taking out a resistance zone which had been held since August 2021. The metals continue to do well in this current market environment… even with some pop in yields and the…
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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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Stocks sink as yields hit 2024 highs on rate cut bets cooling
In Q1 2024 everything was moving up on interest rate cut bets. Q2 2024 has started off sour. It seems rate cut hopes keep getting pushed down further. The 10 year treasury yield is rising as bets on the June rate cuts cool down. The market is still expecting a 62% chance of a cut…
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Bank of Japan raises interest rates for the first time in 17 years
By gawd they did it. They actually did it. The Bank of Japan (BOJ) has finally raised interest rates for the first time in 17 years. Ending the world’s only negative rates regime. Truly a historic pivot. The BOJ raised its short-term interest rates to around 0% to 0.1% from -0.1%. The BOJ also announced…
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Gold hits record highs. Do not FOMO!
Gold prices against fiat currencies are printing new all time record highs. The only pairing which has not yet printed record highs is gold against the Swiss Franc, but it is almost in new record high territory. In this article, I will provide a technical game plan to play gold. But first off, let’s talk…
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![Stocks down as US inflation comes in hotter than expected 01-11-24]()
Stocks down as US inflation comes in hotter than expected 01-11-24
The TSX edged down this morning to 20889.49. TSX Venture also fell slightly to 549.56 while the CSE Composite bumped slightly to 170.12. Inflation was more than expected in December, giving investors pause as this will impact the likelihood of a soft economic landing in 2024. Battery Metals, Information Technology and Energy were the only…
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![US Bitcoin ETFs begin first day of trading]()
US Bitcoin ETFs begin first day of trading
Bitcoin bulls have been waiting for this news. The biggest catalyst touted by Bitcoin traders and investors was the SEC approving US Bitcoin ETFs. That day has come and US Bitcoin ETFs have begun trading today. The SEC approved the first ever batch of Bitcoin ETFs to come out of the US with the green…
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![Stocks extend slide to start of the year as Fed path remains uncertain]()
Stocks extend slide to start of the year as Fed path remains uncertain
Are you sick and tired of market pundits and mainstream financial media telling you the Fed is done raising then to flip saying rate cut interests have waned? Well be prepared for more. And this just means more uncertainty. The market narrative has been about the Federal Reserve, interest rates, and a successful soft landing.…
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![The Trading Desk: Commodities and the Santa Claus Rally]()
The Trading Desk: Commodities and the Santa Claus Rally
Ah the last two weeks of 2023. The Christmas to New Years holiday trading tends to be quiet in terms of economic data and corporate press releases. Most institutional traders are on holidays. Retail traders have nothing better to do. Because of the lower liquidity, these few weeks tend to see either range bound price…
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![How to cash in on the Helium demand: RHC.V, AVN.V, DME.V]()
How to cash in on the Helium demand: RHC.V, AVN.V, DME.V
Helium was one of the top commodity performers of 2022, and with recent supply imbalances, many investors are looking to cash in on the helium demand. First off, why helium? (By the way, we are not talking about the Helium (HNT) cryptocurrency). So what exactly is helium? After hydrogen, helium is the second most abundant element…
