Free Digital Markets
Archive

December 13, 2024

Browsing
Stock

SOFI Advances to SCTR’s Top 10: Is Now the Time to Buy?

By

Analyzing the market at the end of the trading day can offer a calmer, less volatile environment, allowing you to think more clearly when scanning for market opportunities. The StockCharts Technical Rank (SCTR) Report is usually a good place to start, as it lists top-performing stocks in different phases of their respective trends.

As Wednesday’s market session approached its close, I checked the SCTR Report on my Dashboard. While some stocks have consistently cycled through the top 10, others, like the fintech company SoFi Technologies, Inc. (SOFI), are relative newcomers.

FIGURE 1. SCTR REPORT FOR WEDNESDAY DECEMBER 11, 2024. SOFI is sixth from the top with a SCTR score of 99.3.Image source: StockCharts.com. For educational purposes.

SOFI is a fintech company founded in 2011. Its appeal lies in its rapid growth (and growth potential), user-friendly digital platform, and focus on younger, tech-savvy customers. Since going public in 2021, the company has positioned itself as a disruptor in traditional banking. It’s had quite a volatile run up and down, but now seems to be regaining favor among investors.

Stalling at a Congestion Range

Looking at SOFI’s weekly chart, you can see where the trend has stalled. This underscores the importance of viewing long-term price action for key levels, particularly where heavy buying and selling has occurred. Price tends to react strongly to these historical levels, leading to the notion that the market has a memory.

FIGURE 2. WEEKLY CHART OF SOFI. Bullish investors take profit at a key congestion level dating back to 2021.Chart source: StockCharts.com. For educational purposes.

You can see that the price stalled at a range where concentrated activity occurred in 2021 (between $15 and $17). Fast-forward to 2024, and buyers are taking profits at this level (see blue rectangle), perhaps anticipating that this historical congestion range might serve as a resistance zone.

If price breaks above this level, the swing highs at the $25 range and $28, SOFI’s all-time high, can serve as longer-term profit targets. But what’s the likelihood of price breaking above the current swing high point of $16.60 in the near term? Let’s look at the daily chart.

FIGURE 3. DAILY CHART OF SOFI. Can momentum fuel an uptrend following the bounce?Chart source: StockCharts.com. For educational purposes.

Note the SCTR score as it moved above the 80 line, which I consider a bullish threshold. In particular, note how it coincides with SOFI breaking above a ‘local’ high following a long basing period (see dotted magenta line).

Next, observe how price, following a strong advance, had pulled back and is currently bouncing off the middle Bollinger Band.

Is there enough momentum to support the bounce and a continuation of the trend?  If you look at previous bounces, highlighted by the magenta rectangles, you can see how most bullish reversals coincided with a Stochastic Oscillator reading below (or near) the 20 thresholds, signaling an ‘oversold’ condition. The current bounce is barely above the 50-line, and this tells you that the current momentum may be weaker compared to previous reversals. While this doesn’t guarantee SOFI is going to dip in the near term, it suggests you should be cautious and look for additional confirmation, such as stronger volume or other indicators signaling bullish conditions, before assuming the trend will persist.

If, for any reason, you already went long the stock near the current price, you can place a stop loss below the closest consecutive swing lows at $14.80 and $13.00 to manage potential losses if you’re currently long.

If you haven’t entered a long position yet and are looking to buy, it’s a general principle to go long upon the breakout using the most current swing high as your entry point. However, that setup can change if SOFI pulls back further and forms a lower swing high point.

The Game Plan

Here’s your actionable game plan for SOFI:

  1. Add SOFI to your ChartList. This will help you keep a close eye on SOFI’s price action. Note the key levels of interest, including at $16.60 (current swing high), at $14.80 and $13.00 (stop loss levels), and at $25 and $28 (potential long-term profit targets).
  2. Plan your entry strategy. If you’re not already in the trade, wait for a breakout above the $16.60 swing high for a potential entry point. Alternatively, if the stock pulls back further, monitor for a lower swing high to adjust your strategy.
  3. Monitor momentum and volume. Use indicators like the Stochastic Oscillator or any other of your choosing to confirm the strength of the current price action. If price pulls back further, look for an oversold Stochastic reading (an ideal scenario) and/or a decisive volume spike to validate bullish momentum.
  4. Set your stops and targets. Tighten your risk management by setting stop-loss orders at $14.80 and $13.00. For potential upside, aim for $25 and $28 as long-term targets if the breakout sustains.

At the Close

The SCTR Report highlighted SOFI as a compelling opportunity, but its current price action requires careful monitoring. By adding SOFI to your ChartList and following the outlined setup, you can develop your own approach to SOFI that capitalizes on its potential upside while protecting yourself against the downside risks.

Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

Keep Reading
By
Stock

Why Cisco’s Stock Reversal Could Be a Game-Changer

By

Stocks can move fast, like the speed of an arrow flying through the air. And if you don’t monitor your charts, you can easily miss a trading opportunity.

Last week, I wrote about CSCO stock, one of the stocks filtered in my StockCharts Technical Rank (SCTR) scan. At the time, I was waiting for CSCO’s stock price to pull back to its 21-day exponential moving average (EMA). Well, it happened a lot quicker than I anticipated.

It’s good that I go through all my ChartLists every trading day. The pullback also coincided with the upward-sloping trendline. It was accompanied by declining relative performance against the Nasdaq Composite ($COMPQ) and a decline in the value of the full stochastic oscillator.

Is this a classic buy-the-dip moment? To answer the question, let’s look at the daily chart of CSCO.

FIGURE 1. DAILY CHART OF CSCO STOCK. The uptrend is still in play, making the pullback to the 21-day EMA an attractive entry point.Chart source: StockCharts.com. For educational purposes.

The uptrend broke slightly to the downside, but the support from the 21-day EMA was strong. Thursday’s price action indicated a reversal is possible.

The stochastic oscillator is approaching the 50 level and is starting to turn higher. The last two times CSCO’s stock price pulled back to the 21-day EMA, the oscillator turned up at around the 50 level. I’ll be watching to see if a similar scenario unfolds this time.

CSCO’s price action looks attractive. I’m ready to open a long trade in CSCO when the %K line crosses over the %D in the stochastic oscillator. CSCO’s stock price hit an all-time high in early December, so a pullback is a prime time to open a long position if all your criteria are met.

The Game Plan

Cisco Systems may not be a direct AI play, but it is a networking company, and the stock could benefit from tech companies’ increased AI spending. So it’s not too far-fetched to anticipate CSCO’s stock price to ride along with the AI wave.

Thursday’s price action does not yet confirm a bullish upswing, but I’ll watch this chart closely. It’s an opportunity I don’t want to miss.

Even if it looks like a near-perfect setup to buy on the dip, there’s still a chance the trade could go against me. If I enter a position at around $59 and the trade goes south, the 50-day SMA would be my maximum stop loss.

Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

Keep Reading
By
Investing

Osisko Metals Corporate Update

By

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Osisko Metals Incorporated (the ‘ Company ‘ or ‘ Osisko Metals ‘) ( TSX-V: OM ; OTCQX: OMZNF ; FRANKFURT: OB51 ) announces, further to its news release dated November 18, 2024 (entitled ‘ Osisko Metals Expands Leadership Team and Announces C$100 Million Bought Deal Financing ‘ ), the following changes to Osisko Metals’ leadership team:

Management Changes

The Company is pleased to announce the implementation of the following key management additions:

  • John F. Burzynski has been appointed as a Director and Executive Chairman
  • Don Njegovan has been appointed as President
  • Blair Zaritsky has been appointed as Chief Financial Officer
  • Amanda Johnston has been appointed as Vice President, Finance
  • Alexandria Marcotte has been appointed as Vice President, Exploration
  • Lili Mance has been promoted to Vice President, Corporate Secretary

Board of Directors Changes

The Company is pleased to announce the appointment of Patrick Anderson and Tara Christie to the Board of Directors of the Company (the ‘ Board ‘).

Patrick F.N. Anderson | Independent Director – Mr. Anderson holds a BSc. Degree in geology from the University of Toronto and is an entrepreneur and executive with over 30 years of experience in the resource sector. He has held key roles across gold, base metals, and diamond projects for junior explorers, major producers, and consulting firms in South America, North America and Europe. His board experience includes companies listed on the TSX-V, TSX, and LSE-AIM exchanges. As the founder, CEO, and Director of Dalradian Resources Inc., he led the discovery of over 6 million ounces of high-grade gold at Curraghinalt and executed a $537 million go-private transaction. Previously, he co-founded Aurelian Resources Inc., overseeing the discovery of the 13.7 million-ounce Fruta del Norte deposit, acquired for $1.2 billion. This deposit is now Lundin Gold’s flagship asset. Mr. Anderson has been named Mining Man of the Year by The Northern Miner and received the PDAC Thayer Lindsley Award. He recently served as Lead Independent Director for Osisko Mining in its $2.2 billion acquisition by Gold Fields Ltd. Currently, he is the CEO of private Dalradian Resources, a Director of O3 Mining Inc., and Chairman of Cornish Metals Inc.

Tara Christie | Independent Director – Ms. Christie is a professional engineer and has over 25 years of experience in the exploration and mining business. Currently, she is the President, Chief Executive Officer and a Director of Banyan Gold Corp. and led the company from discovery to establishing its current resource on the AurMac Gold Project. Ms. Christie currently serves on the board of Western Copper and Gold Corporation and has served on the boards of several other public companies. She was formerly the President of privately owned Gimlex Gold Mines Ltd., one of the Yukon’s largest placer mining operations. Ms. Christie has been a board member of PDAC, Association for Mineral Exploration BC, and the Yukon Environmental and Socio-Economic Assessment Board (YESAB). She is also President of the registered charity ‘Every Student, Every Day’ that works to improve attendance in Yukon schools working with communities and First Nations.

Resignation of Luc Lessard

Luc Lessard has stepped down as a director of Osisko Metals, having served as a director on the Board since 2016. Mr. Lessard will continue as a strategic advisor to the Company.

Concurrent with these appointments, Anthony Glavac has stepped down as Chief Financial Officer.

‘On behalf of the members of the Board, the management team and the staff of Osisko Metals, I would like to thank Luc and Anthony for their valued contributions and commitment to the success of Osisko Metals,’ commented Robert Wares, CEO of the Company. ‘We wish Luc and Anthony all the best in their future endeavors.’

Option Grants

The Company announces that, effective December 12, 2024, it has granted to certain directors, officers, employees and/or consultants of the Company an aggregate of 15,100,000 stock options (‘ Options ‘) pursuant to the Osisko Metals stock option plan.

The Options have an exercise price of $0.26 per share and a five-year term from the date of grant, and vest annually in equal thirds beginning on the first anniversary of the date of grant.

About Osisko Metals

Osisko Metals Incorporated is a Canadian exploration and development company creating value in the critical metals sector, with a focus on copper and zinc. The Company acquired a 100% interest in the past-producing Gaspé Copper mine from Glencore Canada Corporation in July 2023. The Gaspé Copper mine is located near Murdochville in Québec ‘ s Gaspé Peninsula. The Company is currently focused on resource expansion of the Gaspé Copper system, with current Indicated Mineral Resources of   824 Mt grading 0.34% CuEq and Inferred Mineral Resources of 670 Mt grading 0.38% CuEq (in compliance with NI 43-101). For more information, see Osisko Metals’ November 14, 2024 news release entitled ‘ Osisko Metals Announces Significant Increase in Mineral Resource at Gaspé Copper ‘. Gaspé Copper hosts the largest undeveloped copper resource in eastern North America, strategically located near existing infrastructure in the mining-friendly province of Québec.

In addition to the Gaspé Copper project, the Company is working with Appian Capital Advisory LLP through the Pine Point Mining Limited joint venture to advance one of Canada ‘ s largest past-producing zinc mining camps, the Pine Point project, located in the Northwest Territories. The current mineral resource estimate for the Pine Point project consists of Indicated Mineral Resources of 49.5 Mt at 5.52% ZnEq and Inferred Mineral Resources of 8.3 Mt at 5.64% ZnEq (in compliance with NI 43-101). For more information, see Osisko Metals’ June 25, 2024 news release entitled ‘Osisko Metals releases Pine Point mineral resource estimate: 49.5 million tonnes of indicated resources at 5.52% ZnEq’ . The Pine Point project is located on the south shore of Great Slave Lake, Northwest Territories, close to infrastructure, with paved road access, an electrical substation and 100 kilometers of viable haul roads.

For further information on this news release, visit www.osiskometals.com or contact:

Robert Wares, Chief Executive Officer of Osisko Metals Incorporated
Email: info@osiskometals.com

Cautionary Statement on Forward-Looking Information

This news release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Any statement that involves predictions, expectations, interpretations, beliefs, plans projections, objectives, assumptions, future events or performance (often, but not always, using phrases such as ‘expects’, or ‘does not expect’, ‘is expected’, ‘interpreted’, management’s view’, ‘anticipates’ or ‘does not anticipate’, ‘plans’, ‘budget’, ‘scheduled’, ‘forecasts’, ‘estimates’, ‘potential’, ‘feasibility’, ‘believes’ or ‘intends’ or variations of such words and phrases or stating that certain actions, events or results ‘may’ or ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This news release contains forward-looking information pertaining to, among other things: the anticipated resource expansion of the Gaspé Copper system; Gaspé Copper hosting the largest undeveloped copper resource in eastern North America; and the advancement of the Pine Point project.

Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management, in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information are set out in the Company’s public disclosure record on SEDAR+ (www.sedarplus.ca) under Osisko Metals’ issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward- looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

News Provided by GlobeNewswire via QuoteMedia

This post appeared first on investingnews.com

Keep Reading
By
Investing

Strategic Consolidation of Hidden Lake and Board Changes

By

Loyal Lithium Limited (ASX:LLI) (Loyal Lithium, LLI, or the Company) is pleased to announce the execution of a definitive agreement for the consolidation of the Hidden Lake Lithium Project, with Patriot Battery Metals (ASX:PMT) becoming a substantial LLI shareholder. Mr. Blair Way, Non- Executive Director and former President & CEO of Patriot Battery Metals, will join the Loyal Lithium Board of Directors, bringing valuable regional and industry expertise to guide the company’s growth initiatives. The consolidation of the Hidden Lake Lithium Project provides Loyal Lithium with greater flexibility and optionality to deploy innovative exploration and development solutions.

Highlights

  • Loyal Lithium is pleased to announce the execution of a definitive agreement for the consolidation of the Hidden Lake Lithium Project, with Patriot Battery Metals (ASX:PMT) becoming a substantial Loyal Lithium shareholder.
  • Mr. Blair Way, Non-Executive Director and former President & CEO of Patriot Battery Metals, will join the Loyal Lithium Board of Directors, bringing valuable regional and industry expertise to guide the company’s growth initiatives.
  • The consolidation of the Hidden Lake Lithium Project provides Loyal Lithium with greater
  • flexibility and optionality to deploy innovative exploration and development solutions.
  • Loyal Lithium’s 100% owned Hidden Lake Lithium Project is strategically located 65 km from the mining city of Yellowknife, NWT. It is positioned between LIFT Power (TSXV:LIFT), which has a regional MRE1 of 50.4 Mt @ 1.0% Li2O, and the all-weather Highway 4.
  • Mr. Way is an experienced international executive with over 30 years of management experience within the resources and construction industry throughout Australasia, Canada, the United States, and Europe.
  • With $6.0 million in funding2, Loyal Lithium is well positioned to advance its promising Canadian lithium assets for the maturing North American lithium market.

Loyal Lithium’s 100% owned Hidden Lake Lithium Project is strategically located 65 km from the mining city of Yellowknife, NWT. It is positioned between LIFT Power (TSXV:LIFT), which has a regional MRE1 of 50.4 Mt @ 1.0% Li20, and the all-weather Highway 4.

Mr. Way is an experienced international executive with over 30 years of management experience in the resources and construction industry across Australasia, Canada, the United States, and Lurope. As President & CEO of Patriot Battery Metals, Mr. Way was integral in growing the company through the successful exploration and consolidation of the largest lithium deposit in North America, the Shaakichiuwaanaan Project (formerly Corvette). With $6.0 million in funding, Loyal Lithium is well positioned to advance its promising Canadian lithium assets for the maturing North American lithium market.

Commenting on the consolidation agreement and appointment of Mr. Blair Way, Loyal Lithium Managing Director, Mr Adam Ritchie, said:

‘We are thrilled to welcome Blair to the Loyal Lithium Board. His extensive regional and industry expertise will be invaluable as we drive the company’s growth initiatives. Blair’s proven track record with Patriot Battery Metals speaks for itself and demonstrates his unique ability to advance projects and create shareholder value.’

‘The consolidation of the Hidden Lake Lithium Project enables us to actively explore emerging opportunities for innovative solutions in Canadian critical mineral mines. The Hidden Lake Lithium Project, located along a highway, features unique geology and mineralogy that could deliver meaningful economic and social benefits to the region.’

‘I look forward to working closely with Blair to execute our 2025 strategic plan and advance both our Hidden Lake project and the Trieste Lithium Project in Quebec.’

Commenting on his appointment, Loyal Lithium Non Executive Director, Mr Blair Way, said:

‘It has been a pleasure working with Adam and the Loyal Lithium team over the last 18 months. The team has done a great job in advancing their Canadian hard rock lithium assets, achieving significant milestones to date.

The long-term source of North America’s lithium is becoming increasingly clear with several Quebec-based world-class hard rock assets now defined. The Trieste Greenstone Belt demonstrates significant potential, showing early-stage characteristics similar to those seen by Patriot Battery Metals at Shaakichiuwaanaan.

The collaboration potential of the Trieste Greenstone Belt is the key to unlocking value for all, contributing to the sustainable development of the lithium industry. I look forward to working with the Loyal Lithium team to realise this potential and further advancing Loyal’s assets.

THE HIDDEN LAKE LITHIUM PROJECT CONSOLIDATION AGREEMENT

The Hidden Lake Lithium Project was initially structured as a 60% Loyal Lithium and 40% Patriot Battery Metals joint venture. The parties involved have now agreed to divest Patriot Battery Metals’ minority 40% holding in exchange for shares in Loyal Lithium.

Click here for the full ASX Release

This post appeared first on investingnews.com

Keep Reading
By
Investing

WGC: Gold to Face Complex Drivers in 2025, Price Likely to Cool After Record-Breaking Year

By

The World Gold Council (WGC) has released its 2025 gold outlook, highlighting various macroeconomic factors, geopolitical risks and central bank activity as pivotal forces influencing demand and prices.

While 2024 saw gold achieve a stellar performance with a 28 percent annual increase, the outlook for 2025 is characterized by a mix of opportunities and challenges stemming from both global and regional developments.

The yellow metal has benefited from its historical role as a hedge against uncertainty, but the WGC forecasts that its performance next year will depend on other key variables as well.

Gold to face complex drivers next year

Looking back at 2024, the WGC outlines multiple factors that drove gold’s strong performance.

For instance, central bank demand reached significant levels, underscoring the metal’s enduring role as a safe-haven asset. Central banks have now been net buyers of gold for nearly 15 years.

Meanwhile, investor interest surged amid geopolitical instability and market volatility, particularly in the third quarter, when western investors returned to the market, driven by lower yields and a weakening US dollar.

Asian demand, a critical component of the gold market, played a supportive role in the first half of the year.

Indian demand was buoyed by favorable policy changes, including a reduction in import duties, while Chinese investors turned to gold amid concerns about economic growth.

Heading into 2025, the complex global economic picture is creating uncertainty for gold.

In the US, Donald Trump is expected to introduce policies that stimulate domestic economic growth during his second term as president, potentially driving risk-on sentiment in the short term. However, these policies could also create inflationary pressures and disrupt supply chains, leading investors to seek the stability of assets like gold.

Central banks, including the US Federal Reserve, are anticipated to continue cutting interest rates. Market consensus suggests the Fed will cut by 100 basis points in 2025, with similar actions expected in Europe.

The WGC forecasts in its report that a dovish monetary policy environment could be supportive for the gold price, particularly if inflation remains above target levels. On the other hand, any reversal in monetary policy or a prolonged pause in rate cuts could present challenges for gold, as higher opportunity costs may deter investors.

Similarly, subdued economic growth could limit consumer demand, particularly in Asia, where gold plays a dual role as an investment and a cultural staple.

Asia and central banks to lead gold buying

In 2025, the WGC predicts that Asia will remain a cornerstone of the global gold market. The continent accounts for over 60 percent of annual demand, excluding central bank activity.

Chinese consumer demand, which has been relatively muted, is likely to hinge on the country’s economic policies and growth trajectory. Trade tensions and domestic stimulus measures could sway demand either way, while gold may face increased competition from alternative investment avenues such as equities and real estate.

For its part, India is better positioned to sustain gold demand. With economic growth projected to remain above 6.5 percent and a smaller trade deficit compared to other US trading partners, the WGC believes Indian consumers are likely to continue purchasing gold both for investment and cultural purposes.

Central bank activity will remain a critical driver for gold in 2025. While demand may not reach the heights of recent years, it is expected to surpass long-term averages, providing a consistent source of support for the market.

Central bank purchases are influenced by geopolitical risk, sovereign debt levels and portfolio diversification. These drivers are unlikely to wane, ensuring that central banks will continue to play a stabilizing role in the gold market.

However, any significant deceleration in central bank demand could exert downward pressure on the gold price, particularly if combined with other bearish factors such as higher interest rates or reduced investment flows.

Overall, the WGC predicts that in 2025 the gold market is likely to be shaped by the interplay of four primary drivers: economic expansion, risk, opportunity cost and momentum.

Economic growth, though expected to remain positive, will likely be below trend, limiting the scope for consumer demand growth. Geopolitical risks, including ongoing tensions in regions like South Korea and Syria, may prompt investors to increase their allocations to gold as a hedge against uncertainty.

The opportunity cost of holding gold, determined by interest rates and yields, will be a critical factor. Lower rates should support gold, but any unexpected tightening of monetary policy could dampen investment demand.

Finally, market momentum, influenced by technical factors and investor sentiment, will play a role in determining gold’s short-term performance. A strong start to the year, fueled by initial risk-on sentiment, could pave the way for a more stable or even bullish trajectory, provided macroeconomic conditions remain favorable.

How will the gold price perform in 2025?

Market consensus suggests gold will remain rangebound in 2025, potentially seeing modest gains.

However, the WGC reminds investors that the market is not without risks. A rapid deterioration in financial conditions, unexpected geopolitical developments or a sharp rise in central bank demand could provide upside surprises.

Conversely, a reversal in monetary policy or subdued demand from key markets could cap gold’s performance.

Either way, both investors and analysts will closely monitor developments related to the key regions and variables mentioned to gauge the direction of the gold market this coming year.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Keep Reading
By
Investing

Chris Temple: Gold’s Next Leg Higher, Plus Uranium and Natural Gas in 2025

By

Chris Temple, founder, editor and publisher of the National Investor, outlined the main factors he sees impacting the gold price heading into 2025, saying the yellow metal will undoubtedly move higher.

In his view, its rise will come as market participants realize how many problems the US economy is facing.

‘I think that once that reality sets in, gold will get its next big lease on life and the stock market is going to bog down. I think we’re going to see a lot of rotation in the market that will start to favor real assets and real value — away from everybody chasing the same relative handful of stocks as we’ve seen,’ Temple explained.

Aside from gold, Temple spoke about natural gas and uranium, his other two favorite commodities in the near term.

He also discussed the potential implications of Donald Trump’s second presidency, saying it will be key to watch how he develops the US’ relationship with China, especially as the Asian nation grapples with internal problems.

‘This is the most important thing that consumers and investors and policy makers need to watch in 2025 — is Trump smart on how he deals with all of this and rebuilds our own industries to compensate for years down the road? Or is he going to be ham-fisted about it and cause more problems than he solves?’ Temple questioned.

Watch the video above for more from Temple on what’s to come in 2025.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Keep Reading
By
Investing

Lawrence Lepard: “Big Print” Coming — Fully Expect US$5,000 Gold, US$200,000 Bitcoin

By

‘I call it a doom loop — it’s a vicious circle in the wrong direction, which I believe will ultimately lead to the government having to say, ‘Okay, this isn’t going to work. We are going to institute yield curve control or QE, or we’re going to buy the bonds,” he explained on the sidelines of the New Orleans Investment Conference.

Lepard believes it’s important to hold both gold and Bitcoin, noting that the only wrong allocation is zero.

‘I fully expect Bitcoin’s going to go to US$200,000, and I fully expect gold’s going to go to US$5,000 (per ounce) in the next couple of years,’ he said. ‘All the suffering gold stock holders out there … we’re going to be very pleasantly surprised.’

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Keep Reading
By
Editor's Pick

China sentences former Premier League soccer star to 20 years in prison for corruption

By

A former Chinese soccer star and coach of the country’s national men’s team has been sentenced to 20 years in prison for corruption, state media reported on Friday.

Li Tie, 47, who played for the English Premier League Everton alongside Wayne Rooney in the early 2000s, is the biggest name to fall foul of a sweeping crackdown on rampant graft in China’s professional soccer league.

Despite leader Xi Jinping’s vision to turn China into a “world soccer superpower,” Chinese professional soccer has been mired with poor financial decision making, deep-rooted corruption and disappointing performance.

In 2022, after China’s national men’s team suffered a disappointing elimination in the preliminary stage of the FIFA World Cup in Qatar, the country’s anti-graft agency launched a far-reaching investigation into bribery and match-fixing in Chinese professional soccer.

Li was the first among about a dozen soccer officials ensnared in the crackdown. In March, Chen Xuyuan, the former head of China’s official soccer association, was sentenced to life in prison for corruption.

On Friday, Li was sentenced for multiple counts of bribery by a court in the city of Wuhan, state broadcaster CCTV reported.

During his trial in March, prosecutors accused Li of accepting more than 50 million yuan ($6.8 million) in bribes between 2019 and 2021, when he served as the head coach of China’s national team and national select team.

In exchange, he granted favors to certain players to be selected into the national team and helped certain clubs to win matches, according to prosecutors.

To become the head coach, Li and the club he was coaching at the time arranged bribes totaling 3 million yuan (US$412,800) to help him secure the role, the court heard.

Li was also accused of fixing matches for the two clubs he coached in Chinese leagues between 2015 and 2019, according to the prosecutors.

In a documentary about the soccer sector anti-corruption crackdown aired by CCTV in January – weeks before the trial, a remorseful Li said he “deeply regretted” taking the wrong path.

“When I was a player, I despised people who played fixed matches the most,” Li said during the show. But after becoming the head coach of a club, he realized it was a shortcut to improve his club’s ranking.

“Achieving success through such improper means actually made me increasingly shortsighted and eager for quick results,” he said. “It became a habit, and eventually, I even started to rely on it.”

China’s Communist Party-controlled courts have a conviction rate above 99 percent and it is not uncommon for state broadcasters to air confessions before trial in high profile cases.

Li is considered among the best Chinese players of his generation, and one of the most recognizable names in Chinese soccer.

In 2002, Li, along with star defender Sun Jihai of Manchester City, made history as the first Chinese players to play in the English Premier League, securing his status as a national sporting icon.

Li made 29 appearances for Everton during his debut season in England, as part of a memorable side that included a young Wayne Rooney and former Nigerian captain Joseph Yobo.

That year Li also represented China at the 2002 FIFA World Cup in South Korea and Japan, the first and only appearance for the men’s team at the quadrennial tournament.

Following his successful first season, Li signed a three-year contract with Everton, but his time in the first team was marred by a series of Injuries and he returned to China in 2008 after a brief but unsuccessful spell with Sheffield United.

Many Chinese soccer fans had hoped that Li, once the pride of Chinese soccer, could lead the men’s national soccer team into the World Cup when he was appointed the head coach in January 2020.

But Li resigned barely two years later amid an outpouring of backlash from fans over the team’s lackluster performance in the 2022 World Cup qualifiers.

This post appeared first on cnn.com

Keep Reading
By
Editor's Pick

NATO boss calls for much higher defense spending to counter Russia

By

NATO head Mark Rutte warned the US-led transatlantic alliance on Thursday that it was not ready for the threats it would face from Russia in the coming years and called for a shift to a wartime mindset – with much higher defense spending.

Rutte said future spending would have to be much higher than the current alliance target of 2% of national wealth as measured by gross domestic product (GDP).

“Russia is preparing for long-term confrontation, with Ukraine and with us,” Rutte said in a speech in Brussels.

“We are not ready for what is coming our way in four to five years,” the NATO secretary-general said, adding: “It is time to shift to a wartime mindset, and turbocharge our defense production and defence spending.”

The alliance estimates 23 of its 32 members will meet the 2% target this year.

“During the Cold War, Europeans spent far more than 3% of their GDP on defense,” Rutte said. “We are going to need a lot more than 2%,” he added.

NATO members are grappling with renewed pressure from US President-elect Donald Trump, who has called for America’s allies to spend 3% of GDP on defense.

Rutte, a former Dutch prime minister, said that the alliance must step up on defense production, calling on governments to “stop creating barriers between each other and between industries, banks and pension funds.”

He sent a message to the defense industry: “There is money on the table, and it will only increase. So dare to innovate and take risks.”

The NATO chief also warned of a “coordinated campaign to destabilize our societies” including cyberattacks and assassination attempts.

Rutte also cautioned about China’s ambitions, saying that Beijing is substantially building up its forces “with no transparency and no limitations.”

This post appeared first on cnn.com

Keep Reading
By
Editor's Pick

Francois Bayrou named as new French prime minister

By

France’s embattled President Emmanuel Macron has appointed Francois Bayrou as prime minister, he announced on Friday, as he seeks to calm a political crisis that has left his authority dwindling by the day.

Macron’s office made the announcement a week after the former office holder Michel Barnier lost a vote of no confidence, forcing him to submit his resignation.

But Bayrou must now look to pass a budget through a sharply divided parliament, where Macron faces an avowed opposition from both the left-wing and far-right blocs.

This is a breaking news story. More details soon…

This post appeared first on cnn.com

Keep Reading
By