I was lucky enough to head to the Finance Magnates Africa Summit last year and I'll be headed there again this week. It's a great event that brings together the industry and retail traders in Johannesburg. I will be speaking there and meeting with many friends and traders. If you're in the area, please come by. Sign up for the free event here. ...

US stocks rally into the close but close mixed. Dow closing above 40K for the 1st time.Silver extends rally to 6% -- an image to define the precious metals rallyCrude oil for July settled at $79.58Bank of America: The soft-landing scenario is unfoldingAre we in a human-intelligence bubble?Don't give up on the US dollar yet - TDMajor earnings releases...

The major US stock indices pushed higher into the close and it seems the Dow closed not only at a record level, but also closed above 40K for the first time. The Dow is the least favored of the major indices, but it is the one that gets America excited. Headlines of Dow 40K means more on "Main Street" than "S&P 5K" or "Nasdaq17K". The Nasdaq and...

The silver bulls are a special kind but this weekend they will be celebrating. Silver has broken out today, in a technical waterfall.It started with the break of $30/oz and the February high, which is just above. That's led to a rush of buying and short covering in a 6% rip to $31.37. That's the highest since 2013.Now there isn't much standing in the...

Crude oil futures redo winds that align our sewing at $79.58. At the $0.84 on the day. The selling price is near the high for the day. The low for the day was at $78.61. For the trading week, the price is up 1.87%.Technically, the price is trading between the 100-day moving average below at $78.57 (blue line), and the 200 day moving average (green line)...

Here's a note from Bank of America yesterday: Softer than expected April payrolls (175K) and April CPI (core: dropped to 3.6% YOY, 0.3% MOM) pulled forward first Fed rate cut from November to September. The 10y UST yield has dropped from a peak of 4.7% on 4/25/24 to 4.35% today.. The Citi economic surprise index has rolled over meaningfully in recent...