Gold finally made it to $2,000, will silver get to 50?
March 16, 2023
When silver (XAG/USD) reached an all-time high of $49.80 (April 2011) gold (XAU/USD) was lagging, trading around $1,560. It took five more months for the yellow metal to catch up and peak at $1,920 in September 2011. On Tuesday, gold finally reached $2,000 while silver hovered around seven-year highs at $26.00, after rising 125% from the March bottom of $11.64.
Read more >
Is not just in Wall Street: Tech stocks are rallying everywhere
March 16, 2023
We’ve all heard tech companies have been leading stocks gains during the pandemic, taking the Nasdaq Composite index to test the 11,000 level. The big five, Alphabet, Amazon, Facebook, Apple, and Microsoft are posting gains ranging from 10% (Google the slowest of the pack) to 50% (Apple the fastest) year-to-date, and they reported strong earning over the last weeks.
Read more >
Bloody Tuesday for USD, the sell-off might not be over yet
March 16, 2023
After many days of range-bound trading, many forex crosses made breakouts against the US dollar; a similar situation applies to gold and crude oil. If current levels are sustained, the greenback could extend the decline.
Read more >
