Author: Admin
In anticipation of last Friday’s NFP announcement (Non-Farm Payroll), many traders were sidelined for most of the week. Many were holding back just in case of a surprise of another whipsaw like we experienced last month. The NFP Announcement Outcome It was a damp squib, not much reaction, and volatility was almost nonexistent. The total of anticipated new jobs for May was missed by a few thousand. A run-up in the futures market ahead of the open was reversed, ending in the negative column for the Dow Jones, S& P, and Nasdaq. Unfortunately, it seems there was nothing dramatic enough…
Dads teach us about money — and their lessons stick
In a recent BullionStar interview, Claudia Merkert spoke with Florian Grummes, founder of Midas Touch Consulting, about the evolving dynamics in precious metals. With silver recently breaking above USD 35 — a level Grummes identified as part of a 13-year resistance zone — and gold entering a consolidation phase, he laid out a roadmap for investors navigating this rapidly shifting landscape. Silver Surges Above USD 35: A Structural Breakout Silver has broken through a 13-year resistance zone, climbing rapidly in early June. Grummes noted that this breakout came slightly later than expected, but the strength of the move is significant.…
USD/JPY trades above 144.00 as safe-haven flows boost the US Dollar amid rising Middle East tensions.BoJ is expected to hold rates steady, limiting support for the Yen despite earlier hawkish signals from Governor Ueda.Japan and the US prepare to meet at the G7 summit in Canada, where the two nations are expected to discuss bilateral relations and negotiate over tariffs.The Japanese Yen (JPY) is trading weaker against the US Dollar (USD) on Friday, as geopolitical tensions and central bank policy divergence drive market flows. USD/JPY has staged a modest rebound, trading above 144.00 at the time of writing, as demand for…
“None of the kids have ever helped with any of his care — and his health has been very poor for the last five years.”
Tailings Reprocessing: Finding Gold Where Others Didn’tValenta explained that many older mines still contain untapped gold – not because it wasn’t there, but because earlier mining methods couldn’t extract it efficiently. He said:“Methods for extracting [minerals] weren’t as good as they are now, so people left a lot of gold behind. In many cases you can go back and retreat the tailings and waste from those mines to extract [even more gold].” That means old waste piles – tailings – aren’t just rubbish; modern chemistry and machinery can extract previously overlooked gold, reducing environmental impact and leveraging existing infrastructure.One common…
Is it just a matter of time before the impact of tariffs hits data? The Tariff Lag: Waiting for the Data to Bite If I said on April 2, when President Trump announced reciprocal tariff details, that two months later stocks would be rallying, bonds consolidating, inflation data tame and employment holding up, you would have tossed me into a room, locked the door and threw away the key. Either markets are trading in a fantasy land or they see something I don’t see beyond the horizon or this is just the calm before a data storm surprise. A Delayed…
Oil futures shot higher and U.S. stock-market futures sank Thursday evening on reports that Israel was attacking sites in Iran.
If you’re looking to turn your inherited gold or broken chains into cash, you’ll quickly find yourself faced with two options: gold dealers or pawn shops. While these two options might seem similar, if you dig a little deeper, you can find some clear differences that can impact the amount of money you’ll end up with. Here is a guide to help you differentiate between the two so that you can sell your gold with confidence. Why the Place You Sell to Matters Selling gold isn’t something people do every day. It often comes with urgency or emotional ties. Maybe…
EUR/USD Approaches Parity: 20-Year Low This past week we witnessed the Euro at a 20-year low, briefly falling slightly below parity with the USD. However, this was short-lived as Forex traders bought the Euro across the globe for what looked like a bargain price. In addition, short Euro traders were also covering their positions, representing the more significant portion of the strong buying surge shortly after breaching parity. The one-to-one “Big Figure” is not only a historical level but a significant psychological barrier. Human conditioning has taught us to round everything off with the 0 figure, and in our everyday…