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Morning JAVA: It's Official. Bitcoin Hits $50K!

13 Feb 2024 3 minute read 2 comments SweptOverNiagara

I made sure to brew a full pot of coffee for this post. Bitcoin, Ethereum, oil, gold and the dollar are up, up, up! Welcome to my inaugural post for my new series, 'Morning JAVA'. Cozy up with a hot cup of your favorite coffee in the morning for a go...

My Thoughts on Current Markets-86

13 Feb 2024 2 minute read 0 comments Biologist25

Euro - dollar parity is at 1.0790 level. I have often stated, especially last week, that figures below 1.08 offer a buying opportunity. Currently, it continues to provide buying opportunities. I will follow the 1.09 resistance this week at the 1.0790...

My Thoughts on Current Markets-85

12 Feb 2024 3 minute read 1 comment Biologist25

On the Dow Jones side, the upward peaks continue to be renewed with some slight corrections. We saw a minor correction on Friday, but we can see that it is still strong. 38300's will be important for us in the coming period as it is the point where b...

Bitcoin Back Above $47K / S&P 500 Breaks $5k

9 Feb 2024 3 minute read 0 comments SweptOverNiagara

Bitcoin is back in the news this morning after climbing +$2K in the last 24 hours. At one point, this morning, Bitcoin reached $47,685 before retreating sharply by about $700 just in the last half hour as I write (9:30am) to just below $47K.  At the...

2023 Worldwide Demand All Forms Gold Hit Record 4,899 Tons

8 Feb 2024 2 minute read 1 comment SweptOverNiagara

It's not just central banks buying up gold. In all its forms, whether bullion, jewelry, manufacturing or investment demand, 2023 was a record year for gold sales, totaling 4,899 Tons. Maybe that's another reason why the price of gold remains elevated...

Central Banks Bought 1,037 Tons Gold In 2023!

7 Feb 2024 2 minute read 3 comments SweptOverNiagara

It's amazing that for two years in a row, central bank gold buying has surpassed 1,000 tons. 2023's total of 1,037 tons fell shy of just 45 ton for the previous year 2022 which in itself, was a record breaking year. This has certainly helped the pric...

My Thoughts on Current Markets-83

7 Feb 2024 2 minute read 0 comments Biologist25

Euro - dollar parity is at 1.0773. I would like to remind you that my expectations for this year continue at 1.12 and then 1.15. There are upward movements again on the ounce gold side. In particular, I stated that the 2018 dollar level was a strong...

USD Up 2 Points Since January 5!

5 Feb 2024 3 minute read 2 comments SweptOverNiagara

The dollar, Bitcoin, gold, silver and oil. Let's see how things are doing. The U.S. Dollar has been on a tear for the last month or so. Just yesterday, the dollar tanked more than half a point but later in the day, jumped 1.5 points up to where it si...

My Thoughts on Current Markets-82

5 Feb 2024 2 minute read 0 comments Biologist25

I stated last week that I would follow the 103 - 104 dollar range in the dollar index. It may even go up to $104.20. But after that it will make it down again. This thought is valid again for this week. The dollar index will attack above the 104 leve...

My Thoughts on Current Markets-81

4 Feb 2024 3 minute read 1 comment Biologist25

The upward movement in Dow Jones continues. It continues its upward movement by receiving a reaction from the supports. Here, especially the 40000 levels are psychologically important levels ahead. We may see a correction in the short term, and in th...