Tag: US dollar
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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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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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Bitcoin bulls beware! Topping pattern to trigger more downside?
You know I was hoping to enjoy this weekend off from charts, but I could not help myself. Many traders, even just for curiosity, had their eyes glued on the bitcoin chart given the Israel-Iran tensions over the weekend. Before the markets closed for the weekend, they did sink as the Iranians said they were…
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![Billionaire hedge fund manager Paul Tudor Jones sees 12% stock market drop!]()
Billionaire hedge fund manager Paul Tudor Jones sees 12% stock market drop!
With the recent events in the middle east, many traders and investors were curious to see how stock markets would open. Maybe a surprise to some, but stock markets opened higher and are continuing their strength. Market risk has appeared to have disappeared with the Dow Jones up over 200 points on the day. To…
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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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![The bottom for gold stocks? 3 gold stocks ready for a major move!]()
The bottom for gold stocks? 3 gold stocks ready for a major move!
Gold prices are rallying as the US Dollar falls. Technically, the dollar is holding a range, so more work is required on the charts before we can confirm a major dollar reversal. If this happens (although many would say when!) we can safely say gold is ready to reverse. Gold tested $1620 for the third…
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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 pop on ‘goldilocks’ jobs report]()
Stock markets pop on ‘goldilocks’ jobs report
US nonfarm payrolls (NFP) was the anticipated data point for this week. NFP rose by 315,000 jobs in August just below the estimate for 318,000. This is well off the 526,000 print in July and is the lowest monthly gain since April 2021. The unemployment rate rose to 3.7%, two-tenths higher than expectations. Average hourly…
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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…
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![Gold Mountain (GMTN.V) hits high grade intercepts on Elk Gold Project]()
Gold Mountain (GMTN.V) hits high grade intercepts on Elk Gold Project
My cousin once had a brief conversation with Dolly Parton. He subsequently announced that, “She was the least disappointing celebrity I’ve ever met.” A lot of investors are starting to feel that Gold Mountain Mining (GMTN.V) is the least disappointing gold developer they’ve ever met. In a sector that tends to over-promise and under-deliver –…
