gold

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My Thoughts on Current Markets-145

8 Jul 2024 3 minute read 1 comment Perfectionist25

Global markets focused on the inflation data to be announced in the USA. While global markets followed a positive trend last week with the evaluations of US officials and the data announced in the country indicating that economic activity has slowed...

My Thoughts on Current Markets-144

7 Jul 2024 1 minute read 0 comments Perfectionist25

Speaking at the European Central Bank's forum in Portugal, Fed Chairman Jerome Powell said the US economy and labor market were strong and that they could take the right steps without rushing. He said that significant progress had been made in reduci...

My Thoughts on Current Markets-143

4 Jul 2024 8 minute read 1 comment Perfectionist25

Nasdaq reached its historical peak in 20017. The 20-day average is at 19440, the 50-day average is at 18895. In order for the flag to return, conditions must be good, it must improve in America. In other words, decisions must be made to ensure that t...

My Thoughts on Current Markets-142

3 Jul 2024 3 minute read 1 comment Perfectionist25

Looking at the daily ounce gold chart, we are stuck between the 89-day moving average and the short-term falling trend. So we are stuck in the 2342 - 2295 band. We are looking for a decision. Now, I continue to read the relatively positive side of st...

My Thoughts on Current Markets-140

26 Jun 2024 9 minute read 0 comments Perfectionist25

Nasdaq's historical peak reached 19979. It completed the bowl starting from the 18464 peak in March and doubled up. The 20-day exponential moving average is at 19250. So this closest support is here at 19250, then the 50-day average is at 18712. Unde...

Cash is King

25 Jun 2024 5 minute read 36 comments SirGerardThe1st

Image by Land_of_Books_YouTube from Pixabay   No matter how much is written or talked about the so-called “Science of Investments”. Thousands of people who pretend to be economists or Nobel Prize candidates talk and talk a lot of nonsense about the t...

My Thoughts on Current Markets-139

25 Jun 2024 3 minute read 0 comments Perfectionist25

When you look at the daily chart of ounce gold, there seems to be a serious squeeze. Last week, I think on Thursday, there was a move to break the decline towards 2360 with two bars, but at the close, they pulled the bar back into the triangle. Now h...

Bitcoin Isn't Money?

21 Jun 2024 1 minute read 1 comment RocketEnthusiast

It's a pretty well-known fact in the crypto world that long-time gold advocate Peter Schiff is no fan of Bitcoin and cryptocurrencies. I suppose that it wouldn't be good for business, being chairman of a precious metals dealer. Anyway, the bashing vi...

Morning JAVA: The End Of The 'Petrodollar'!

20 Jun 2024 6 minute read 0 comments SweptOverNiagara

The End Of An Era! 50 years ago, the U.S. government, through Secretary of State Henry Kissinger, signed a pact with Saudi Arabia that would see the Saudis sell their oil in exchange for ONLY U.S. dollars. Why? In August 1971, President Nixon decoup...

My Thoughts on Current Markets-137

14 Jun 2024 7 minute read 0 comments Perfectionist25

We renewed the historical peak of 19114 in Nasdaq. There is a bowl that starts in April. Let's see if we can fold this dish. So can we get to 20000? It seems like it is still pushing up. The 50-day average is at 18158, the 20-day exponential moving a...