Poof. Give a central banker 8 minutes and he (or she) can change the world. That’s all it took. 8 minutes for Jerome Powell, Chair of the Federal Reserve,…
recession
Why copper and why now? My readers know me as the commodity guy. My love for precious metals is not a secret. Just check out my gold vault on…
Gold has had a nice run ever since we called the bounce and reversal at the major $1680 support level. Let me refresh your memory by showing you the…
The highly anticipated US non-farm payrolls (employment) numbers for the month of July were released on Friday August 5th 2022. And boy did they beat estimates by a mile!…
US GDP fell 0.9% in the second quarter. This is the second straight GDP decline in a row and officially meets the definition of a recession. Gross domestic product…
In one word: bullish. The stock markets are loving the hawkish Fed. The Federal Reserve has raised interest rates by 75 basis points for the second consecutive time. The…
The recession signs continue. Shopify rocked stock markets as CEO Tobi Lutke acknowledged he had misjudged how long the pandemic driven e-commerce boom would last. With the middle class…
The next few weeks are bound to have gold bulls on edge! When we zoom out to the weekly timeframe, it really becomes make or break for gold. We…
Have US stock markets bottomed? From a technical analysis perspective: yes, there is a very good chance they have. From a fundamental perspective: it gets complicated. If we consider…
Oil is currently testing a critical support level! But it isn’t just this commodity. With the market fearing a Fed 1% rate hike later this month, and earnings season…