Image Source: Pixabay Gary Savage highlights a potential 13-year gold base pattern and impending breakout, expecting prices to reach at least $7,000. Silver’s volatility could lead to larger proportional moves, reaching new all-time highs towards the end of the bull market. Significant move upwards in metals, invest in physical gold and silver before the anticipated breakout, and maintain a long-term perspective. Tom Bodrovics welcomes back Gary Savage, a retired entrepreneur and commodity trader, about the current state and future prospects of metals markets, specifically focusing on gold and silver. Savage underscores the importance ...
Image Source: UnsplashIf you would like to make an investment in the cannabis sector but are wary of the volatility it exhibits then consider the 5 tobacco, beer, and distiller/vintner companies that have major investments in the cannabis sector. Their stock performances are steady week after week – and month after month – and in the end, actually outperform our Canadian LP Cannabis Stocks Portfolio. Our Conservative “Cannabis” Stocks Portfolio Below are how the 5 constituents in the portfolio performed w/e Sept. 13th, in descending order, and MTD, along with their ownership, and performance, of cannabis stocks, their dividend yiel...
Photo by Michelle Spollen on Unsplash The Canadian Dollar tilted into the red across the board on Monday. Canada delivers its latest CPI inflation data this week. A speech from BoC’s Macklem and Canadian Retail Sales data due on Friday. The Canadian Dollar backslid to kick off the trading week, falling into the low end on Monday across the major currency board as CAD traders gear up for a fresh round of Canadian Consumer Price Index (CPI) inflation figures due during the mid-week phase.Canada releases its latest inflation figures on Tuesday, with the Bank of Canada (BoC) set to deliver their own core CPI basket print at the same time. La...
Image Source: PexelsWall Street logged strong gains last week, with the Nasdaq Composite Index outperforming. The tech-heavy index climbed 5.9%, marking the best week of this year. Invesco QQQ (QQQ – Free Report), which serves as a proxy to the Nasdaq Index, gained 5.9% last week.We have highlighted the five stocks of QQQ that led the way higher in the portfolio last week. These are Warner Bros. Discovery (WBD – Free Report), ARM Holdings PLC Sponsored ADR (ARM – Free Report), Micron Technology (MU – Free Report), On Semiconductor (ON – Free Report) and Constellation Energy Corporation (CEG...
Image Source: PixabayThe post-pandemic landscape has been a challenging one for brick-and-mortar retailers. US Census Bureau data shows that internet sales have grown exponentially in the past 25 years, weighing in at 0.64% in 1999 to accounting for 15.9% of purchases in Q1 2024. This data shows that there’s a seismic chunk missing from brick-and-mortar’s retail dominance that post-pandemic digital transformation efforts are intent on eating further. So should investors look away from an industry that’s clearly facing unprecedented competition from the digital ether? Evidence suggests not. The Phygital Revolution Despite long-...
Image Source: PexelsLest we forget, a visual recap of what exactly happened when Trump started announcing Section 232 and Section 301 measures.Figure 1: Manufacturing employment (bold black, left scale), hours (light blue, left scale), production (green, left scale), valued added (red, left scale), all in logs 2018M07=0; and capacity utilization (purple, right scale). Source: BLS, Federal Reserve, BEA via FRED, and author’s calculations. Since exports broke off trend after the imposition of tariffs (for whatever reason), one shouldn’t be too surprised at the plateauing-off of measures of manufacturing activity in the wake of the tarif...
Image Source: Pixabay US Dollar dealt bad hand as market considers higher initial Fed rate cut. Market prices in high odds of a 50 bps cut at Wednesday’s FOMC meeting. Fed Dot Plot unlikely to validate an aggressive rate path. The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, is extending a corrective decline amid rising dovish expectations for the Federal Reserve’s (Fed) meeting on Wednesday. The DXY is trading lower for the third consecutive day, near 100.70, as the market prices in a decently high probability of a 50-basis-point cut.With signs of a slowdown in inflation and cool...
Image Source: UnsplashAs we move into the final stretch of 2024, many investors may be asking themselves: Is it time to give airline stocks another look? According to a new report from Bank of America (BofA), the answer might very well be yes.Despite the turbulence the airline industry has faced in recent years—from pandemic shutdowns to winter storms to rising fuel prices—the winds may finally be shifting in the industry’s favor. With fuel costs easing and pricing power returning, there are several reasons to believe that now could be an ideal time to reconsider the sector.Let’s walk through the reasons why BofA analysts believe ai...
Image Source: Unsplash The robot can cut, core, and peel an avocado in 26 seconds. Avocados are an important part of the guacamole salad, a popular item on Chipotle’s menu. Minimum wage in California, where the company has launched its robot, is $20 per hour. Chipotle Mexican Grill (CMG) is transforming the restaurant business with its introduction of collaborative robots (cobots) aimed at streamlining food preparation.The company recently unveiled its newest innovation, the ‘Autocado’ robot, at select locations in California.Designed to automate the tedious process of cutting, coring, and peeling avocados, this robot is set to tra...
Photo by Colin Watts on Unsplash GBP/USD nears 1.3239, with potential to test the YTD high at 1.3266 and March 2022 peaks. Bulls bought the dip at 1.3001, fueling the rally to current levels. Failure at 1.3200 could see a pullback towards 1.3150, with further downside risks at 1.3100 and 1.3044. The Pound Sterling rallied in early trading during the North American session against the Greenback, registering gains of over 0.60% and hitting a five-day peak of 1.3214. At the time of writing, the GBP/USD trades at 1.3199. GBP/USD Price Forecast: Technical outlook The GBP/USD has risen sharply, as bullish momentum picked up, as portrayed b...