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The stimulus bill in Congress is being politicized while Main Street continues to suffer. The market hit a high of $1973.30, and then gold began to experience a series of positive news regarding vaccines and their efficacy. We have now seen a 50% retracement from that high. Th...
The dramatic sell-off of the last few weeks ended on Monday morning when gold spiked down to an intraday low of $1,765 (silver $21.90). The most recent Commitment of Traders report at the time of writing, shows that the Swaps (bullion bank trading desks) recovered a net 7,895 of their...
Gold explorers with Canadian projects have seen a slight dip in their valuations per ounce in Q4, with a sector-wide correction putting a dent in the Gold Juniors Index. The good news is that this correction has held down the share prices of some of the best names, with some names get...
Gold has corrected and looks bearish as we are in the final month of 2020. A seasonal selloff could lead to higher prices in 2021 if history is a guide. GOAU is a gold mining ETF. The gold royalty model keeps expenses low. Scale-down buying for next year during the current...
As the pandemic spikes into the end of the year, lockdowns are more imminent. A slowdown in economic activity also is more likely. The next three to six months will be problematic, until the vaccines that are showing great promise begin to roll out across the country and around th...
The correction in gold has been ongoing for about four months now. In fact, during this time frame gold had declined by as much as 15% from peak to trough. However, despite the drop, the intermediate and long-term backdrop remains extremely favorable for the precious metal. Ad...
Rising inflation expectations eventually could transform into a collapse in monetary/economic confidence, at which point gold would exhibit extreme relative strength. Given the positive correlation between the commodity/gold ratio and inflation expectations, it isn't surprising that t...
Bonds are supposed to provide risk-free return, but in fact currently provide return-free risk. Interest rates have dropped so far that there is a risk of large price declines from rising rates and as always credit risk. With interest rates near historical lows, many are looking f...
This article posits that fiat currencies are on the path to hyperinflation and looks at the evidence in the prices of financial assets and commodities. So far, gold has notably underperformed. Given that the early warnings of hyperinflation of money supply are here, the article th...
Gold is close to 1770 support, from which a short-term bounce higher is likely, but probably premature. In the medium term (6 months), gold is likely to be weak. In the longer term (years), gold is likely to be in an extended bull market. For further details see: Gold's ...
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2024-07-18 23:08:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
A look at the top 10 most actives in the United States Selina Hospitality PLC (SLNA) rose 28.8% to $0.0515 on volume of 62,068,605 shares Laser Photonics Corporation (LASE) rose 172.7% to $3.9 on volume of 54,588,758 shares WiSA Technologies Inc. (WISA) fell 6.1% to $0.0217 on volume of 2...
A look at the top 10 most actives in the United States Akanda Corp. (AKAN) rose 54.8% to $0.2552 on volume of 35,107,796 shares Nikola Corporation (NKLA) rose 5.0% to $0.9546 on volume of 25,515,019 shares Biodexa Pharmaceuticals plc (BDRX) rose 83.9% to $1.58 on volume of 24,185,655 shar...