gold

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My Thoughts on Current Markets-24

23 Oct 2023 2 minute read 0 comments Perfectionist25

Euro Dollar parity has a positive outlook at 1 0585 level. I will follow the resistance at 1.650 - 1750. If I had dollars in my hand, I wouldn't be too late to buy euros today. Especially if the investor who is preparing for 2024 asks whether he shou...

Silver Continues To Struggle Year To Date... Why?

22 Oct 2023 2 minute read 6 comments SweptOverNiagara

Thanks for dropping by. Please subscribe if you haven't yet! Bitcoin once again clipped $30,000 yesterday afternoon. Bitcoin started the year at a low of $16,540 and at time of writing, sits at $29,848, That's quite an impressive gain and if it goes...

My Thoughts on Current Markets-23

22 Oct 2023 3 minute read 0 comments Perfectionist25

Let's start the analysis with Germany. Here, they withstood the war to a certain extent, especially after Bollinger gold started to close below the middle band. But when we look at the last 3 days, there is a serious retreat here as well. If closings...

My Thoughts on Current Markets-22

21 Oct 2023 2 minute read 0 comments Perfectionist25

Euro - Dollar parity was at 1.0592 yesterday. I will follow the 1.0650 resistance. There is resistance at 1.0720 above. I will follow these places. We saw a significant increase in ounce gold this week. I have often stated that the band gap we will f...

Bitcoin Flirts With $30K... Again

20 Oct 2023 2 minute read 0 comments SweptOverNiagara

Thanks for dropping by. Please subscribe if you haven't yet! In the last 24 hours, the Bitcoin price has jumped over $1,000 from a low of $28,526 to $29,541 at time of writing.  At one point, it had gained some $1,500. Between 6 and 8 am this morning...

My Thoughts on Current Markets-21

19 Oct 2023 2 minute read 0 comments Perfectionist25

Euro - Dollar parity was at 1.0538 yesterday. Inflation figures from Europe were announced yesterday. Although the inflation rate decreased below expectations, we did not see an attack in the euro-dollar parity. This offers a good opportunity to thos...

Fiat Money (2)

17 Oct 2023 3 minute read 0 comments OfTheFreeMarket

This post is a follow up to my first article posted on this blog, “Fiat Money.” That post was a discussion of the fact that American currency is “fiat money,” that is to say, nothing backs up the paper bills or coinage of US Government—unless you con...

My Thoughts on Current Markets-20

17 Oct 2023 3 minute read 0 comments Perfectionist25

Hello, we started a new week. We are keeping our eyes and ears on the news flows coming from the Middle East. We continue to closely follow the statements and developments on the foreign diplomacy side compared to the slightly calmer week. There are...

Comparing gold and bitcoin

16 Oct 2023 2 minute read 5 comments Bala

When someone is asking us about Bitcoin, one of the best comparisons that we can make is to compare it with Gold and tell them that Bitcoin is more like a commodity and not a stock. That's what I do and when I explain to them about Bitcoin and how th...

My Thoughts on Current Markets-19

15 Oct 2023 4 minute read 1 comment Perfectionist25

Hello everyone, let's start with Dow Jones. Here we see that especially 34200 is the resistance. Its attempt to hold on above Bollinger is positive, but its failure to move too far can be considered as a negative outlook. In other words, its failure...