Bulls vs. Bears

Episode 8: Bitcoin and Bullion Breaks Records

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This week's episode of "Bulls vs Bears" Bitcoin reached an all-time high of $69,191.95, fueled by U.S. regulatory approval for Bitcoin ETFs, a renewed enthusiasm for tech stocks, and the approaching "halving" event. Gold, on the other hand, marked a significant rise to $2,141.79 an ounce, up 17% from the previous year, driven by its safe-haven appeal amid economic instability and inflation concerns.

  • Stock Highlights of the Week:

    • Apple Inc.'s shift to AI and its stock performance.
    • BHP Limited's anticipation of a tighter copper market.
    • Nickel Industries' improving outlook and challenges.
    • Newmont and the bullish outlook for gold, energizing ASX-listed gold miners.

    • Weather Impact on Investments: Discussion on NOAA's La Niña watch, its potential global impact, and implications for investments in companies like Elders.

    • Commodities and FX Review: Overview of the week's quiet activities in commodities and FX, highlighting lithium's performance, gold's record high, and other notable trends in crude oil, coal, uranium, and Bitcoin.

    • Economic and Political Landscape:

      • Federal Reserve Chairman Jerome Powell's expectations for rate cuts in 2024 and the delicate balance of inflation reduction with economic growth.
      • Analysis of Australia's economic headwinds, including GDP growth slowdown, rising unemployment, and potential budget deficits.

      • Trade of the Week: Recommendation for buying Data#3 Limited (DTL), including analysis and investment strategy.

        • ...more
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        Bulls vs. BearsBy MPC Markets