Author: FX
Dec. 30, 2024 5:25 PM ETSPDR® Gold Shares ETF (GLD), GDXIAU, SLV, SIL, SGOL, SIVR, GDXJ, PHYS, PSLV, NUGT, RING, OUNZ, SILJ, BAR, GLDM, AAAU, XAGUSD:CUR, XAUUSD:CURBy: Carl Surran, SA News Editor monsitj/iStock via Getty Images Gold futures fell Monday in thin holiday trading, with the metal remaining in a relatively narrow range as the market awaits fresh catalysts in 2025 including the U.S. Federal Reserve’s approach to loosening monetary policy and President-elect Trump’s proposed policies, which are viewed Source link
CAMARILLO, Calif.—Gregor Alasdair Campbell, the Executive Chairman of Sacks Parente Golf, Inc. (NASDAQ:SPGC), recently acquired 25,000 shares of the company’s common stock. The transaction, which took place on December 30, 2024, was executed at a price of $0.36 per share, amounting to a total investment of $9,000. Following this purchase, Campbell’s direct ownership in Sacks Parente Golf now totals 103,337 shares.The insider purchase comes as SPGC trades near its 52-week low of $0.26, with the stock down over 94% year-to-date. According to InvestingPro analysis, the company maintains impressive gross profit margins of 61% and holds more cash than debt on…
Let’s finish our recap of the year for the U.S. dollar by breaking down the downtrend we saw in the Greenback between October to December 2024. Once again, because the U.S. dollar is the global reserve currency and the U.S. financial system is the largest and “safest” in the world, movements in the U.S. dollar and U.S. yields are massively influential across the broad financial markets. So, it’s usually a good practice to review its behavior around events and news catalysts, identify patterns and correlations to gain insights and understanding, potentially improving our ability to recognize significant drivers…
A dark day is looming.Some time in the coming week, US President Joe Biden will reject a $14.9 billion takeover of US Steel by Nippon Steel on unconscionably shaky grounds.It will mark the end of the era of American free-market capitalism that has brought so much prosperity to the United States and the world. It’s a decision that only makes sense through the lens of crony-capitalism at best and corruption at worst. It’s a hint at what’s to come (and how to invest) in the coming era.To recap: US Steel has been on life support for decades. It was once…
USD/CAD appears to be breaking lower from a symmetrical triangle pattern, with bears potentially taking control after a period of consolidation near the 1.4400 handle. Let’s check out these key inflection points to watch on the 4-hour time frame: USD/CAD 4-hour Forex Chart by TradingView USD/CAD has been showing signs of weakness after consolidating near monthly R1 pivot resistance (1.4538), with the latest price action suggesting bears may be ready to take control. This technical setup comes as holiday trading conditions wind down and traders potentially reassess positions heading into the new year. Remember that directional biases and volatility conditions…
Gold price falls to near $2,600 after the US Dollar recovers losses and turns positive. The US Dollar gains as the Fed signals fewer interest rate cuts for 2025. Market experts project the Fed to resume the policy-easing cycle in March. Gold price (XAU/USD) falls to near the weekly low of $2,600 in Monday’s North American session. The precious metal faces selling pressure as the US Dollar (USD) recovers intraday losses and turns positive, with the US Dollar Index (DXY) returning above 108.00. The higher US Dollar makes the Gold price an expensive bet for market participants. 10-year US Treasury yields…
The polar vortex is pushing south and east in what could be a record-breaking cold snap in parts of the United States.Several models are converging around cold weather in the eastern half of the US in the second week of January. The peak of the cold looks to be around January 12 but some of the modelling has an extended period of cold. If it unfolds, there will surely be record US natural gas demand and that could also be combined with well shut-ins due to freeze offs in Texas and the Marcellus.US natural gas, monthlyNeedless to say, there could…
The Pound Sterling bounces slightly against its major peers despite market experts seeing more interest rate cuts by the BoE in 2025 compared to market pricing. Goldman Sachs sees the BoE reducing interest rates in each quarter of the next year. The US Dollar flattens in illiquid trading conditions before New Year celebrations. The Pound Sterling (GBP) rises to near 1.2600 against the US Dollar (USD) at the start of the week. However, low volatility is expected from the GBP/USD pair due to thin trading volume conditions before New Year celebrations. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies,…
The end of the trading year isn’t just about closing positions; it’s an opportunity to reset your mindset and prepare yourself to face the markets with renewed confidence and focus. After all, trading is as much a psychological game as it is a technical one. If you want to start fresh and put yourself in the best position for success, here’s how to let go of the past and mentally prepare for a new trading year: Reflect on the year without bias Before you can move forward, you need to take an honest, objective look back at your trading performance.…
LeoPatrizi/E+ via Getty Images Emeren (NYSE:SOL) +4% pre-market Monday after saying it signed a seven-year pay-as-produced agreement to supply energy from its solar farm located in Poland’s Silesia region to the Polish subsidiary of an unnamed consumer goods business. Emeren (SOL) said the solar farm Source link