History Rhymes: 1974-1976 vs. 2022-2024?
How many of you have heard me say that commodities are inherently volatile?
Clearly, from this chart you can see that after the oil rally...
Gold ETF (GLD): Narrowing Price Pattern Indicates Bigger Move Coming
Not even rising inflation, a debt ceiling fight, nor a raging war overseas seems to move gold prices.
But either way, when looking at the...
Gold Miners ETF (GDX): Finding and Trading Potential Bottoms
In June we wrote about the bottom in oil and cannabis through USO and MSOS (ETFs) respectively.
In July we wrote about the potential top...
U.S. Economic Data Insights: The GDP, PCE, ADP Waltz
Conference Board Economic Forecast:
Looking into 2024, we expect the volatility that dominated the US economy over the pandemic period to diminish. In the second...
Silver Breakout Coming? Fibonacci Price Targets To Consider
Precious metals have been a bit boring of late due to some sideways trading.
BUT that boredom may come to an abrupt end shortly!
Today's chart...
Stock Market Trading Insights: We Rarely Miss a Beat!
Over the course of our writing the Daily, it has served as a reliable and remarkable guide for investors, traders, and investments.
For example, looking...
U.S. Dollar Testing Important Support; Gold Bulls Watching!
The U.S. Dollar has been in a choppy rising trend higher since bottoming in 2007/2008.
You can see that rising channel in today's long-term chart...
A Fresh Look at Precious Metals
We finished a very heavy week filled with all kinds of economic data:
Fitch Downgrade
Earnings-Amazon up Apple down
Jobs Report-Wages rising
Treasury Yields higher-at October 2022 highs
Record...
Gold ETF (GLD): Watch Rising 40-Week Moving Average
Gold remains elevated but is having trouble getting traction with its recent rally attempt.
With a crazy political environment, domestic inflation, and war abroad, one...
Precious Metals Gold and Silver Trigger Bullish Trading Signals
It looks like the precious metals are gaining some momentum.
Gold futures put in an ellipse trading buy signal and we see a potential move up...