gold

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My Thoughts on Current Markets-202

7 Oct 2024 5 minute read 0 comments Perfectionist25

Global markets started the first trading day of the week on a positive note, with expectations that the economy in the country could make a "soft landing" following the employment data announced last week in the US. Inflation in the US and Germany, t...

My Thoughts on Current Markets-201

6 Oct 2024 8 minute read 0 comments Perfectionist25

Geopolitical risks suddenly, especially the executives of such high-level financial institutions like the CEO of JP Morgan have foreseen with great foresight that geopolitical risks would increase for a while and suddenly there was Iran-Israel tensio...

Is Bitcoin Really Money? My Intake...

2 Oct 2024 1 minute read 1 comment Bfab

Further to my previous post wondering if Bitcoin is digital gold, Fortaro commented that Bitcoin is "better money"... and it got me thinking, is Bitcoin actually money? Let's dive in and find out! First things first, what even is money? According to...

My Thoughts on Current Markets-200

2 Oct 2024 6 minute read 0 comments Perfectionist25

Over the weekend, Israel continued to do what was expected of it. But despite that, the ounce gold price came back. Gold was expected to open high especially at midnight on Sunday. It experienced some pressure but there is something like this. Now wh...

My Thoughts on Current Markets-199

30 Sep 2024 3 minute read 0 comments Perfectionist25

Dxy is now done or not, we have reached the 100 level, which is the area of ​​continuation, and it is trying to hold on. Since January 2024, the dollar index sell-buy-what-you-find strategy is still clearly in front of us. However, unfortunately, pro...

My Thoughts on Current Markets-198

29 Sep 2024 9 minute read 0 comments Perfectionist25

There is an atmosphere of uncertainty specifically for the American elections. They are neck and neck right now, Kamala Harris is clearly a little ahead in the polls. All pricing in the market is set for Kamala Harris to win. As you know, they made 5...

Gold is trying to tell us something as it powers to new all-time highs

28 Sep 2024 1 minute read 4 comments Keith Thuerk

Gold is trying to tell us something as it powers to new all-time highs A few weeks ago I noted to myself that Gold is due to hit a trend line dating back to 1980 (while going directly through the 2011 high) in/around $2550 (I used a logarithmic chart...

My Thoughts on Current Markets-197

27 Sep 2024 3 minute read 0 comments Perfectionist25

The Federal Reserve’s 50 basis point rate cut last week has created expectations for a rally in stock markets. However, this should be evaluated carefully depending on the results of the upcoming earnings season. Historically, such large rate cuts by...

Is Bitcoin Really "Digital Gold"? The Shocking Truth!

25 Sep 2024 1 minute read 7 comments Bfab

I often hear that Bitcoin is the new "digital gold," but let's dive deeper into this claim. Is Bitcoin truly living up to its shiny nickname? Bitcoin Pumps and Dumps like the Stock Market Firstly, Bitcoin's volatility is more akin to the stock market...

My Thoughts on Current Markets-196

25 Sep 2024 4 minute read 0 comments Perfectionist25

Looking at the daily Bitcoin chart, the reaction to 65000, which corresponds to the Fibonacci 78.6 of the fall from 70000 to 49000, the fall to the Fibonacci 78.6 of the fall from 49000 - 65000, the movement from 52800 continues above the 233-day mov...