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Showing posts with the label silver

US Dollar Is Being Wiped Out: Analyst Urges Traders to Buy New Assets

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The DXY index, which tracks the performance of the US dollar shows the currency falling below the 100 mark. The US dollar is now hovering around the 99.30 mark on Monday and is attracting heavy bearish sentiments. It dipped by 0.74% shedding close to 0.74 points in the charts on the opening bell. Traders who went long on the greenback this year are all underwater as their portfolios turned deep red. Also Read: G7 Central Banks Confront US Chaos: ECB to Cut Rates, Canada Watches Inflation Source: MarketWatch Taking an entry position now is considered risky as the US dollar is yet to bottom out in the charts. The currency is experiencing a downturn after Trump announced sanctions on over 185 countries early this month. However, he announced a 90-day pause on tariffs after the US stock market crashed but the development is not helping the USD and the markets either. Also Read: Currency Surprise: These 9 Currencies Are Outperforming The US Dollar The US Dollar Getting Wiped Out: Invest in ...

Gold or Silver: Which Commodity Delivered the Highest Profits?

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Gold and silver are among the most sought-after commodities as they have a store of value for centuries. Silver gained popularity after the 20th century as the Industrial Revolution began using the commodity for machines and products. Also Read: U.S. Debt To Reach $57 Trillion at Current Rate In the present day, car manufacturer Tesla extensively uses Silver to create EV batteries, particularly for the anode and cathode. On the other hand, GOLD is a safe haven and a hedge against inflation and is purchased by both retail and institutional investors. The procurement of gold and silver never stops and the two commodities always remain in business. So which of these two commodities has delivered the most profits in 25 years? In this article, we will highlight whether gold or silver has printed the highest returns to investors in the last 25 years. Also Read: BRICS: China Might Hold 5,300 Tons of Gold To Boost De-Dollarization Gold or Silver? Which Commodity Delivered ...

What are the 3 assets most correlated with Bitcoin?

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Bitcoin price is closely linked to several financial assets but the reasons for correlation with certain precious metals and stocks can be quite different. The financial media often points out Bitcoin’s (BTC) correlation to big tech. “Bitcoin is trading like a tech stock” is a common narrative alongside BTC's often acute inverse-relationship with the United States dollar. But are these correlations set in stone, and can they be useful for predicting future price moves? Let's take a closer look at several reports analyzing the relationship between Bitcoin and various asset types.  Bitcoin's historic correlations vary across timeframes A report published in October 2022 by the Multidisciplinary Digital Publishing Institute arrived at several key conclusions regarding Bitcoin’s correlations with traditional financial assets, including: The extreme volatility of the Bitcoin market means that long-term correlations are stronger than short-term correlations; The “positive linka...