Doyou know how much a trillion is (we refer here to the short scale)? A billionis hard enough to imagine, much less a trillion. But let’s try. We can write itas 1,000,000,000,000 – that’s a 1 with twelve zeroes. In other words it’smillion million, or ten to the twelfth (1012). One trillion ofdollars in $100 dollar bills would stack up to about 631 miles high. Given thatthe...Read More
Silver has been deadmoney over the past year or so, relentlessly grinding sideways to lower. That weak price action has naturally leftthis classic alternative investment deeply out of favor. Silver is extremely undervalued relative togold, while speculators’ silver-futures positions are extraordinarily bearish. All this has created the perfect breedingground to birth a majo...Read More
Doyou know how much a trillion is (we refer here to the short scale)? A billionis hard enough to imagine, much less a trillion. But let’s try. We can write itas 1,000,000,000,000 – that’s a 1 with twelve zeroes. In other words it’smillion million, or ten to the twelfth (1012). One trillion ofdollars in $100 dollar bills would stack up to about 631 miles high. Given thatthe...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort234,67768,08852,011162,608351,473449,296471,572Change from Prior Reporting Period -24,35512,410-11,3855,165-32,330-30,575-31,305Traders18068734757261168 Small Speculators LongShortOpen Interest 43,84521,569493,141 -5,974-5,244-36,549 non reportable positionsChange from the previo...Read More
- JPMorgan Chase CEO Jamie Dimon sees 'chance of market panic'- In annual letter to shareholders Dimon warns of increased inflation and interest rates- Concerned QE unwinding could cause chaos as 'markets will get more volatile'- Hard to look at the last 20 years in America "and not think that it has been getting increasingly worse."- Positive about US economy over next year, but ignores record...Read More
In his latest action, President Trump fired his next shot today by ordering a review of additional tariffs. This action prompted an immediate and strong response from China. As reported in Bloomberg Politics, "At almost the same time as Trump spoke, a senior Chinese government official in Beijing repeated a vow from earlier that day that the country would 'retaliate immediately, intensively, witho...Read More
During a legislative forum organized by the Dominican Republic's Lower Chamber in the city of Cotu?-, which is located in the central province of S??nchez Ram?-rez, residents, community members and activist groups said that the federal government should transfer the province 5 per cent of the royalties it receives from Barrick Gold and that MPs should push for this to happen.Barrick (NYSE, TSX:ABX...Read More
Gold futures on Friday logged a daily and weekly advance on the back of U.S.-China trade-war jitters, which flared up late Thursday and roiled global stocks, driving investors into assets perceived as havens. A mostly lackluster U.S. employment reading for the March, which nicked the dollar index and buttressed already deep losses for stocks, also helped lift gold. The White House said in a stat...Read More
Wall Street also digested weaker-than-expected jobs dataU.S. stocks lost any lingering momentum they had coming into today's trading, and ended the day in the red, as renewed trade war concerns and disappointing jobs data caught up to the three major indexes. More specifically, the Dow was down 767 points at its intraday low, with all 30 of its components closing in negative territory. The Nasdaq...Read More
NEW YORK (Reuters) - U.S. stocks extended losses and the S&P 500 hit a session low in Friday afternoon trading after Federal Reserve Chairman Jerome Powell said the U.S. central bank will likely need to keep raising interest rates to keep inflation under control.In a speech in Chicago on the U.S. economic outlook, Powell said the labor market appeared close to full employment. It was his first...Read More
NEW YORK (Reuters) - The dollar fell on Friday, undermined by the ongoing trade dispute between China and the United States and a report showing the U.S. economy in March created the fewest jobs in six months.The greenback slid against the safe-haven yen and Swiss franc in the wake of new comments from China.China on Friday warned it would fight back “at any cost,” hours after U.S. Pre...Read More
WASHINGTON (Reuters) - The Trump administration wants to require imported automobiles to meet stricter environmental standards in order to protect U.S. carmakers, the Wall Street Journal reported on Friday.Citing unnamed senior administration and industry officials, the Journal said President Donald Trump had asked several agencies to pursue plans to use existing laws to subject foreign-made cars...Read More
SAN FRANCISCO/WASHINGTON (Reuters) - Facebook Inc Chief Executive Mark Zuckerberg on Friday endorsed U.S. legislation to regulate political ads across the internet, a concession to lawmakers days before he is scheduled to testify in two U.S. congressional hearings.Zuckerberg also said Facebook would begin requiring people who want to run ads on the social network addressing political issues to ver...Read More
It's a volatile trading day on Wall StreetTrade war fears have resurfaced, sending the major U.S. benchmarks spiraling into the red for the week. Among individual stocks making big moves today are drugmakers Incyte Corporation (NASDAQ:INCY) and NewLink Genetics Corp (NASDAQ:NLNK), as well as blockchain technology firm Longfin Corp (NASDAQ:LFIN). Here's a quick roundup of what's moving shares of IN...Read More
U.S. consumer debt rose in February by the least in five months as credit-card balances stalled, indicating Americans’ appetite for borrowing waned further after a fourth- quarter shopping spree.Highlights of Consumer Credit (February)Total credit rose $10.6b (est. up $15.5b) and follows an upwardly revised $15.6b Jan. gain (prev. $13.9b)Revolving credit outstanding rose $148m m/m...Read More
CBI put options have been very popular in recent weeksChicago Bridge & Iron Company N.V. (NYSE:CBI) stock is trading down 10% at $12.27 amid heavy volume, as questions continue to swirl around the company's planned merger with McDermott International (MDR). Investment firm Hotchkis & Wiley, a large MDR shareholder, recently released a letter stating its opposition to the merger. McDermott responde...Read More
(Bloomberg) - All the talk of a brewing global trade war may turn out to be more bark than bite, but investors in Chinese exchange-traded funds aren't taking any chances.China's Bosera Gold ETF has attracted $553.8 million so far this year, putting it on course for the biggest annual inflow since it was listed in Shenzhen in 2014. Investors are piling into bullion, taking holdings in all such fun...Read More
(Reuters) - U.S. energy companies added oil rigs for the third time in four weeks as crude prices drifted from a three-year high hit earlier this year amid concerns of a trade war between U.S. and China.Drillers added 11 oil rigs in the week to April 6, bringing the total count up to 808, the highest level since March 2015, General Electric Co's Baker Hughes energy services firm said in its closel...Read More
The shares are flirting with record highs, yet options remain attractiveBeverage concern SodaStream International Ltd (NASDAQ:SODA) appeared on Schaeffer's Senior Quantitative Analyst Rocky White's list of stocks that are currently trading near a 52-week high, but also sport a low Schaeffer's Volatility Index (SVI). This combination of stellar price action and relatively inexpensive short-term o...Read More
The gene-editing concern is no stranger to bullish analyst attentionThe shares of Crispr Therapeutics AG (NASDAQ:CRSP) are bucking today's broad-market headwinds, thanks to a positive analyst note at Goldman Sachs. Specifically, the brokerage firm launched coverage on the gene editing concern with a "buy" rating and an $86 price target -- more than double yesterday's close -- and waxed optimistic...Read More