Link to Slides and Sources: https://www.itmtrading.com/blog/no-li...Under SEC rules, companies can't buy back any of their shares during earning season. This blackout period ends two days after the company's results are released. This is most likely a key cause of the recent stock market declines. But this should really be taken as a warning gift.These pattern shifts seem eerily similar to what I...Read More
Is the Greatest Bull Market Ever finally ending? One straightforward approach to is to follow the money, i.e. global capital flows: assets that attract positive global capitalContinue...Read More
"While we are disappointed by today's verdict, we will be making a number of post-trial motions and will continue to seek justice for Gavin Black,"Continue...Read More
Yesterday came the big bounce…The Dow Jones roared back to life with a 548-point spree - its grandest performance since March.The S&P jumped 59 happy points. The Nasdaq had itself a day at the races, up 214 points - percentagewise, better even than the Dow.Gold was down. So was volatility... and the 10-year Treasury yield.So we wonder…What gusting updrafts barreled through the cany...Read More
(Reuters) - Poland raised its gold holdings to the highest in at least 35 years, data from the International Monetary Fund showed on Monday.The country increased its holdings by 4.4 tonnes from August to about 117 tonnes in September, a record, according to data going back to January 1983."We have a really exciting announcement coming this Thursday, learn more about it here...""While the exchang...Read More
Gold needs to trade over the $1225-$1230 zone to rise. Silver needs to break and trade over $14.90 to start another wave of rise. Copper and industrial metals will be very volatile. Crude oil will be very volatile. Brexit woes and political issues within the Eurozone have resulted in a firm US dollar. The Euro and cable have fallen slightly. Investor sentiment towards the euro and cable is shaky...Read More
Yellow metal remains unable to extend rally above $1,230/oz. Stronger US dollar during the US session pushed XAU/USD back to the $1,225 area. Gold is about to end the day flat, although consolidating most of the gains of last week and yesterday. Today peaked at $1,232/oz but after the beginning of the US session pulled back to the $1,225 area. The rally in gold that started last week...Read More
For the most part, gold has held on to the recent gains which occurred on Thursday of last week and continued into trading yesterday. Currently, gold futures basis the most active December Comex contract is trading down $2.30 and is fixed at $1,228 per ounce. Gold traded to an intraday high today of $1235.90, which is just below yesterday's high. However, gold could not hold onto its modest gains...Read More
These Top 10 lowest cost gold mines are all below all-in-sustaining costs (AISC's) $550/oz level and will prove profitable - even if the price falls 50%.Mining Intelligence looked at costs at primary gold mines and found 10 operations that would still make money, even if gold halves in value from today's levels. AISC metrics has been taken as a basis of comparison and ranking.Since the World Gold...Read More
The Nasdaq outperformed alongside a bounce in techU.S. stocks closed significantly higher in today's trading, with bullish sentiment stoked by impressive corporate earnings. Specifically, a strong post-report rally from UnitedHealth (UNH) helped send the Dow more than 567 points higher at its intraday peak, while traders also cheered results from big-cap names like Goldman Sachs (GS) and Johnson &...Read More
BRUSSELS (Reuters) - The European Central Bank has reached a preliminary decision to revoke the license of Malta’s Pilatus Bank after its chairman was charged with money laundering, two ECB officials told Reuters, though legal hurdles remain.The bank was accused of processing corrupt payments for the Azeri and Maltese leadership by investigative journalist Daphne Caruana Galizia, who was kil...Read More
(Reuters) - U.S. stocks surged on Tuesday after upbeat earnings reports from major companies including UnitedHealth and Goldman Sachs and solid economic data, as equities rebounded from a recent sharp sell-off.Wall Street’s three major indexes gained more than 1.5 percent each, with the Nasdaq up well over 2 percent.Technology, which sold off heavily in the recent pullback, led the gains as...Read More
GROUNDBIRCH, British Columbia (Reuters) - At a massive natural gas field in northern British Columbia, Royal Dutch Shell Plc is using new technologies and processes to cut emissions to address public and environmental group concerns that Canada’s nascent liquefied natural gas export industry could be a climate time bomb.The Groundbirch project, perched above Canada’s richest shale gas...Read More
(Reuters) - Goldman Sachs (GS.N) will slow loan growth in one of its key new business areas if it sees a marked deterioration in credit quality, potentially jeopardizing new Chief Executive David Solomon’s task to boost revenue by $5 billion by 2020.Stock trading and equity underwriting helped Goldman top profit estimates in the third quarter, the first for Solomon, who aims to reduce the ba...Read More
WASHINGTON (Reuters) - Public companies that fail to tighten their cyber security controls could be violating federal law, the U.S. Securities and Exchange Commission (SEC) said on Tuesday.The regulator’s warning came in the form of a report on its investigation to assess whether nine companies that had been victims of cyber-related frauds had sufficient internal accounting controls in place...Read More
(Kitco News) - Australian scientists are proposing to launch a satellite that would be able to look 300?km (186 miles) beneath the Earth’s surface, unlocking “Australia’s hidden mineral wealth,” according to the Australian Academy of Science's National Committee for Earth Sciences.This kind of “downward-looking telescope” would completely change the exploration...Read More
The cloud stock was off as much as 14% earlierThe shares of Twilio Inc (NYSE:TWLO) are sinking today, after the cloud developer said it is buying mass emailing specialist SendGrid (SEND) in an all-stock deal valued at roughly $2 billion. After surrendering as much as 14% in early trading -- sending it straight to the short-sale restricted (SSR) list -- TWLO stock was last seen down 3.9% at $73.20....Read More
Near-term MTCH options are pricing in low volatility expectations at the momentOnline dating name Match Group Inc (NASDAQ:MTCH) has put in a strong performance this year, up almost 72%. More recently, the stock pulled back during last week's broad-market sell-off, but found support near $50, which is home to its April highs. The shares quickly recovered -- gaining 1.9% on Thursday, when the Nasdaq...Read More
Both precious metals have extended their recent gains with gold trading at $1230 and silver at $14.75 at the time of writing. Silver in particular is looking quite interesting from a bullish point of view. Although it has lagged behind gold, the grey metal could be about to outperform the yellow. Silver was grinding higher for the fourth consecutive session on Tuesday while gold was up for the sec...Read More
LONDON/LUXEMBOURG (Reuters) - British Prime Minister Theresa May told her ministers on Tuesday they would secure a Brexit deal if they stood together, calling for a show of unity to silence those pressing her to rethink her strategy for leaving the European Union.A day before heading to Brussels for a summit, May is keen to show she has her cabinet’s support after facing pressure from some m...Read More