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My Thoughts on Current Markets-22

21 Oct 2023 2 minute read 0 comments Perfectionist25 $0.26

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 $0.53

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 $0.21

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...

My Thoughts on Current Markets-20

17 Oct 2023 3 minute read 0 comments Perfectionist25 $0.46

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...

Gold Skyrockets Back Above $1,900

13 Oct 2023 1 minute read 1 comment SweptOverNiagara $0.39

Thanks for dropping by. Please subscribe if you haven't yet! I don't think I need to explain why gold is suddenly rising this morning. Gold has shot up about $30 per ounce since about 4 o'clock this morning after steadily rising all week. Gold was sm...

My Thoughts on Current Markets-18

11 Oct 2023 3 minute read 0 comments Perfectionist25 $0.38

  We are on the third day of the Palestine-Israeli War and there is serious tension and uncertainty in the markets. You should not open a short-term position. But how should investors behave in this environment? Which investment instruments would be...

My Thoughts on Current Markets-17

10 Oct 2023 4 minute read 0 comments Perfectionist25 $0.48

  As you know, the Palestine-Israeli war has broken out in the Middle East and we are going through a serious period. Because we have started a week in which geopolitical risks, that is, war, in which different countries may be involved, are escalati...

Japanese Yen Hits Record Low Against Gold

15 Sep 2023 4 minute read 0 comments SweptOverNiagara $0.38

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...

Projected Oil Deficit Next Quarter Signals Higher Gas Prices

12 Sep 2023 3 minute read 0 comments SweptOverNiagara $0.37

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...

Bank of Canada Holds Steady at 5%

6 Sep 2023 3 minute read 2 comments SweptOverNiagara $0.49

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...