Today you will see GOLD price prediction based on the technical analysis. What is the support and resistance on the daily time frame for XAUUSD. What to expect where the price will breakout for the XAUUSD based on the supply and demand zones.Video Length: 00:02:51 More By This Author:GOLD Daily Analysis, XAUUSD Analysis & XAUUSD Forecast – Friday, September 13 Gold Reached 2525.80, Next Move Follows, XAUUSD Analysis & XAUUSD Forecast GOLD Targeting Next Resistance, XAUUSD Analysis & XAUUSD Forecast – Wednesday, September 11...
How Bad Can Things Get? Pretty damn bad. Which means that it will likely be much worse than most of us can imagine. Other than Covid and its forced shutdown of economic activity by governments world-wide, the most recent learning experience for investors is the Great Recession of 2007-09.Beginning in October 2007 and ending in February 2009, the S&P 500 Index lost 53%. Most of that loss (38%) occurred during calendar year 2008. It was the largest single, calendar-year decline since a similar -38% in 1937. Both the NASDAQ (-53%) and DJIA (-50%) declined by similar amounts.Prior to the Great Recession, post-Y2K markets collapsed in a heap...
Shares of Wells Fargo & Co (WFC) dipped following news of an enforcement action by the Office of the Comptroller of the Currency (OCC), citing the bank’s insufficient anti-money laundering efforts.Despite this, Jim Cramer views the pullback as an opportunity to buy a quality stock at a discount.According to Cramer, Wells Fargo’s regulatory issues were anticipated and already flagged in its recent earnings report, making it less of a shock to the market. Wells Fargo has started fixing the issuesThe OCC’s enforcement action restricts Wells Fargo from expanding some of its new offerings without written approval, but crucially, no mo...
One of the more amusing things I’ve seen in recent years – and there have been many – was Oracle’s (ORCL) forecast for $104 billion in revenue in FY29 at a meeting for financial analysts on Thursday. Let me put that in context. ORCL’s FY29 ends on May 31, 2029 – nearly five years from now. In the just completed FY24, ORCL had $53 billion in revenue. To get to $104 billion in five years, ORCL needs to compound growth at 14.5% a year over the next five years. That is a significant increase from the single digit growth it has been generating for a long time now. While I’m a believer in ORCL’s story, this forecast is clearly “a...
Image Source: DepositPhotosToday you will see PLATINUM price prediction based on the technical analysis. What is the support and resistance on the daily time frame for XPTUSD. What to expect where the price will breakout for the XPTUSD based on the supply and demand zones.Video Length: 00:02:48More By This Author:GOLD Daily Analysis, XAUUSD Analysis & XAUUSD Forecast – Friday, September 13 Gold Reached 2525.80, Next Move Follows, XAUUSD Analysis & XAUUSD Forecast GOLD Targeting Next Resistance, XAUUSD Analysis & XAUUSD Forecast – Wednesday, September 11...
Image Source: PixabayWorld crude oil extraction reached an all-time high of 84.6 million barrels per day in late 2018, and production hasn’t been able to regain that level since then.Figure 1. World monthly crude oil production based on data of the US Energy Information Administration (EIA). The straight orange line represents the 24-month average during the period June 2022 through May 2024.Oil prices have bounced up and down over the ten-year period 2014 to 2024 (Figure2).Figure 2. Average monthly Brent spot crude price, based on data of the US EIA.In this post, I show that changing oil prices have had varying impacts on production. Rece...
Image by Allange from PixabayAmid all the volatility of the last few weeks in stocks, money markets have seen a constant inflow of funds (six straight weeks) with the last week adding $23.4BN to total MM fund AUM to a new record high of $6.324TN…Source: BloombergThat is $188BN of inflow in six weeks – the biggest since the turn of the year seasonal flows.At the same time, US banks saw almost $53BN of deposit inflows in the week-ending 09/04, pushing total (seasonally-adjusted) deposits to their highest since before the SVB collapse…Source: BloombergOn a non-seasonally-adjusted basis, US bank deposits soared $118BN last ...
Image Source: UnsplashWednesday saw an unusually strong reversal from early losses to gains. I saw lots of folks commenting about the last time we saw -1%+ losses turn into +1%+ gains was right at the bear market low in October 2022. To me, that’s irrelevant. Stocks had declined 20-30% in 2022 and in 2024 they were just a few percent from all-time highs. Context. People arguing that another bull market blast off of 20%+ is here is absurd.With that said, the bull market remains alive as I have stated since October 2022 and all months since. I have not wavered on that. There have been times where 4-7% pullbacks were due and overdue. Some wer...
Image Source: PixabayThe Overlay Shares ETFs launched in 2019. These funds strive to boost the total returns of selected ETFs by overlaying options trading. These funds don’t pay large dividend yields, but the options overlay strategy does impact total returns.Let’s look at the three Overlay Shares equity ETFs and some return results.Overlay Shares Large Cap Equity ETF (OVL) owns the Vanguard S&P 500 ETF (VOO) as its primary asset, accounting for almost 100% of the portfolio. The options trades consist of being long index puts and short an equal number of index calls. Strike prices are 50 to 75 S&P 500 points apart. Overlay Sh...
Image Source: PixabayBesides Bay Area real estate, the other market whose ascent I can applaud is precious metals. I’m delighted to see gold blast above $2600 for the first time, nothing yet another lifetime high.Silver is nowhere near its lifetime high, but it is definitely trying hard to catch up with gold’s performance.As more and more people realize that the U.S. dollar is toilet paper, and inflation takes hold again fiercely for years to come, precious metals are going to thrive like crazy.More By This Author:A Gap In GMTriple PainAmazon Triangle...