Marc Chandler – Next Week’s Key Market Events, The US Dollar Bull Market Might Be Over
Marc Chandler, Managing Partner at Bannockburn Global ForEx and Editor of The Marc To Market website joins us to discuss critical upcoming events next week and their potential market impacts. We look ahead to next week’s Bank of Canada meeting and jobs data from the US. Marc shares his insights on central bank policies, the future direction of the US Dollar, and broader economic trends heading into next year. We delve into the implications of interest rate cuts, the possible correction in equity markets, the impact of the yield curve, and the role of quantitative tightening (QT).
https://www.tradingview.com/x/Zjs6LN6e/
Current DOLLAR : Breaking North
Bull Flag : 38.2% Next
IF………… Trumpster gets locked up….. GOLD TO $3000?
happens in SEPT…..BIG DAY …IMO
Hi Jerry, if they lock him up, they will have to provide secret service protection. They will all be in the same cell and if they don’t allow the agents to stay in the cell with him, we may see what happened to Epstein repeated. DT
Thank goodness……… BARR …is not in charge of the cell…..
What a mess…….
Maybe, they could lock up Harris with him,… just to drive him crazy…. 🙂
All joking aside…. the US… is in serious trouble…….
Gold will top 3000 easily regardless. If anything they’d use such an event to explain gold’s rise to the moronic herd.
Yes… it will hit $3000 … and more…. but, when….
I think sooner than most can imagine……. JMO…..
$35 TRILLION IN DEBT… going to $50 TRILLION before anyone gets a clue….
I still think it will get there this year or early next year. The real question is how silver will perform. There’s plenty to support Michael Oliver’s view that it will cruise right through the 30s and 40s.
Hi Ex, have you heard about Magnesium Threonate. I am always looking at ways to improve health. DT
That’s a good one that I still take but I prefer mag taurate (fwiw).
Hi Matthew, I like Dr. Mercola I’m sure you have read some of his articles. DT
Hi DT, Mercola is generally good but he’s been wrong about a few important things, for example, his criticisms of the carnivore diet. Drs. Ken Berry, Robert Cywes, and Anthony Chaffee, among others, are better overall in my opinion.
I eat mostly smash burgers. Have to cheat a little with ketchup, mustard and fried onions. Feel great!
Hi there DT. As far as Magnesium, I take a supplement each day that has a mix of 7 types into a blend, called “Magnesium Breakthrough.”
It contains:
Magnesium Chelate
Magnesium Bisglycinate
Sucrosomial Magnesium (as magnesium oxide)
Magnesium Malate
Magnesium Orotate
Magnesium Taurate
Magnesium Citrate
Humic & Fulvic minerals
Manganese Citrate
…. but it doesn’t have any Magnesium Threonate, so maybe I need to add that into the mix as well 🙂
Hi Ex, another vitamin I’m looking into is COENZYME Q10 CoQ10; Ubiquinone, it helps heart, brain, immune, and cellular health. I had a look at Magnesium Breakthrough, thanks for sharing!
It’s all about the quality of life that you have while you are here. Cheers, DT
Vince Lanci, (AI having a tough time allowing a word like Lanc), said in an interview with Jordan on Saturday (evidently they do an end of month interview), that margin has been increased on paper gold and reduced on paper silver… both said they don’t remember that combination occurring before… but it may be silver shorts may need to cover. (?).
Hi Matthew,
What are your thoughts on NVDA chart? There’s a gap on hourly at $110 and I’m playing on short side. My hunch is telling price will revisit it’s August 5th low.
Thank you.
Hi CaliJoe, I would stick with the short side and only go flat when you think there will be a decent bounce. It is oversold on some intraday charts but the daily and longer charts don’t look good. Looking at the monthly chart I doubt that this pullback will be similar to Sept/Oct ’23.
I agree with your hunch but think it will take out that Aug. 5th low.
https://stockcharts.com/h-sc/ui?s=NVDA&p=D&yr=1&mn=1&dy=0&id=p57049723606&a=1769477188
https://www.tradingview.com/x/zrFCkY30/
NVIDIA May Represent The Sector!
Hope so. Purchased NVDS last week.
CJ – For the sector, also consider FNGD. BDC
Good one! Didn’t know about that ETF.
https://www.tradingview.com/x/ay2nYd2f/
Initial ABCD Target.
… and this is why I own almost no silver stocks, the almighty US buck is the boss. More to go on the downside possible yet. I own none still…
HNU, beta nat. gas up… this is what I am mostly in but I’m watching the short term charts very closely.
The USD performed miserably today considering the “synthetic” bid from the selloff in stocks. Even the recent oversold low after many weeks of decline seems to no longer serve as a positive force.
https://stockcharts.com/h-sc/ui?s=%24USD&p=D&yr=0&mn=11&dy=0&id=p48320684993&a=1490833509
I am thinking that the 1.03 to 1.04 level is in play but will certainly consider your caution.
A move above 103 would not surprise me and still fits with my bearish bigger picture view. The next Fed meeting is 2 weeks away so it probably won’t see much resistance from the bears around the current level.
https://stockcharts.com/h-sc/ui?s=%24USD&p=D&yr=0&mn=11&dy=0&id=p48320684993&a=1490833509
https://www.tradingview.com/x/1isldDKR/
Current GOLD : Pull Back Possible
Next Target 2450 (Spot)