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16 Sep 2023 2 minute read 0 comments Faybomb
Everything was up Thursday. In my non-traditional finance bro experience, that’s fairly unusual. In the past, we’ve generally seen some of those assets have an inverse correlation. For example, here’s the dollar index overlayed with gold futures goin...
15 Sep 2023 4 minute read 0 comments SweptOverNiagara
Over the last couple of years, gold has hit record highs against all currencies. Countries with depreciating currencies were hardest hit. As an example, Canadians paid $1525.30 per ounce of gold on October 1, 2018. This morning, as of writing, that s...
12 Sep 2023 3 minute read 0 comments SweptOverNiagara
I had first heard about this a week ago through an article at KingWorldNews that briefly mentioned OPEC is cutting back on production. This site has some great interviews and commentaries from some very well known people in the business and always se...
6 Sep 2023 3 minute read 2 comments SweptOverNiagara
I'm seeing a flurry of articles popping up that the BoC is holding rates at 5% after their latest policy meeting which was a widely expected move. Kitco News reports that gold has moved very little after the announcement and stated that the slowing e...
5 Sep 2023 2 minute read 0 comments Biologist25
Euro-dollar parity was at 1.08 level yesterday. I continue to wait for the numbers 1.09 and above this week. Therefore, 1.08 and below levels use the euro side advantageously and offer a buying opportunity for medium and long-term investors. Especial...
24 Aug 2023 1 minute read 0 comments Biologist25
Euro-dollar parity is at the level of 1.0815, the support level of 1.08, which I expected, is working. At the level of 1904 dollars an ounce of gold, 1890 support level worked. Now there's the 1916 resistor above. But on Friday, FED Chairman Powell w...
22 Aug 2023 2 minute read 0 comments Biologist25
Euro-dollar parity was at 1.0891 yesterday. It keeps crawling under 1.09. It continued to hover in the band range of 1.0869 to 1.0913 yesterday. Markets are stuck in a slightly narrow band gap. Because there is an important development this week. Pow...
19 Aug 2023 3 minute read 0 comments Biologist25
The euro-dollar parity was at 1.0871 yesterday. I will follow the 1.0850 support level in the euro-dollar parity. This support level was tested yesterday. With the reaction bullish, there are 1.0950 and 1.1050 levels above. But there is no deteriorat...
12 Aug 2023 2 minute read 1 comment Biologist25
Euro-dollar parity fell below 1.10 level yesterday. It ended the week below the 1.10 level. I continue to follow the 1.0850-1.1050 bands. As long as we are below the 1.10 level, it continues to offer opportunities. Until the end of the year, our expe...
11 Aug 2023 3 minute read 3 comments SweptOverNiagara
I read Alisdair MacLeod's latest post this morning on KingWorldNews and he makes yet another interesting case for gold, not against dollars or any other currency but against oil, particularly WTI or West Texas Intermediate. Macleod is well known for...
