"The fact that it's clever computer science doesn't mean it should be widely used, and that respectable people should encourage other people to speculate on it," Munger says. Munger went after the popular cryptocurrency at the Berkshire Hathaway annual meeting on Saturday, calling it a "turd," adding that trading cryptocurrencies is "just dementia." "Bitcoin is worthless, artificial gold," Munger...Read More

The Dow stock has a history of muted earnings reactionsWalt Disney Co (NYSE:DIS) is scheduled to report fiscal second-quarter earnings after the close tomorrow, May 9. The Dow stock has a history of relatively muted post-earnings price action, averaging a next-day move of just 2.2% over the past eight quarters. This time around, the options market is pricing in a bigger-than-usual swing of 6%, per...Read More

The Dollar Index has erased all of 2018's losses and is now green from the 12/29/17 close, helped by Euro weakness, driven by soft economic data, especially the reading for Sentix investor confidence...Read full newsRead More

Free Zinc Live Tips – Zinc BUY Call 7c5 given at price 206.70 CMP 207.55 (Almost hit 1st Target) Total profit of 0.85 x 2 lot = 1.70 Points7c5 : Intraday Zinc - BUY Zinc at CMP 206.70 for Target 207.60 - 208.20 with SL below price 205.80AFTER POST CONTENT Read More

(Kitco News) - Gold and silver prices aretrading near unchanged levels in early-afternoon U.S. trading Monday. A higherU.S. dollar index that scored another four-month high today was bearish for theprecious metals. However, rallying crude oil prices that hit new 3.5-year highstoday were a bullish element for the metals. June Comex gold futures were lastdown $0.40 an ounce at $1,314.30. July Comex...Read More

(Kitco News) - Gold and silver prices are trading near unchanged levels in early-afternoon U.S. trading Monday. A higher U.S. dollar index that scored another four-month high today was bearish for the precious metals. However, rallying crude oil prices that hit new 3.5-year highs today were a bullish element for the metals. June Comex gold futures were last down $0.40 an ounce at $1,314.30. July C...Read More

Calls have been popular on MSFT and BABAMicrosoft Corporation (NASDAQ:MSFT) and Alibaba Group Holding Ltd (NYSE:BABA) both enjoyed upbeat earnings reactions in recent weeks, and options data suggests a number of traders have been betting on more upside in the near term. Schaeffer's Senior Quantitative Analyst Rocky White compiled a list of the 20 stocks that saw the heaviestoptions volume over the...Read More

Black gold is trading above $70 per barrelU.S. stocks are trading higher at midday, as surging oil prices continue to take focus ahead of an expected U.S. decision on Iran sanctions. TheDow Jones Industrial Average (DJI) is up triple digits, while the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) also see noteworthy gains, as the energy sector continues to climb alongside crude. At last check...Read More

AMELIA ISLAND, Fla. (Reuters) - Atlanta Federal Reserve bank president Raphael Bostic said on Monday he is comfortable with “some overshoot” of inflation and that the Fed will not draw a “big signal” on the likely path of prices if wages, as expected, begin to rise faster.“We have seen some upward pressure (on inflation). We don’t have the ability to stop trends...Read More

SAN FRANCISCO (Reuters) - Apple Inc (AAPL.O) was not the only one to leap on a chance to buy its stock at a fat discount last quarter as Warren Buffett stepped in to scoop up an additional 75 million shares for Berkshire Hathaway (BRKa.N) at the same time.Between them - the two biggest players in the iPhone maker’s shares - they bought nearly one of every 10 Apple shares traded during the qu...Read More

   •  A goodish pickup in the USD demand prompts some fresh selling on Monday.   •  Positive US bond yields/fading safe-haven demand adds to the pressure. Gold held on to its weaker tone through the mid-European session and is currently placed at the lower end of its daily trading range, around $1312 level.  The precious metal initially built on last we...Read More

Aluminium Tips – SELL Aluminium at CMP 159.30 for Target 158.40 – 158 with SL Above price 160.40. Its good to trade 2 to 3 lots todayAFTER POST CONTENT Read More

Copper Call – SELL Copper at CMP 459 for Target 457 – 456 with SL Above price 461.20. Trade with 2 lotsAFTER POST CONTENT Read More

JD.com will report earnings before the open tomorrowJD.com Inc (NASDAQ:JD) reports first-quarter earnings before the open tomorrow, and will be in particular focus after Chinese rival Alibaba (BABA) reported an earnings victory on Friday. Ahead of tomorrow's event, the options market is bracing for a larger-than-normal move from the e-commerce name. Over the last eight quarters, JD.com stock ha...Read More

MOSCOW (Reuters) - President Vladimir Putin stuck with his long-serving prime minister in his first act after being sworn in for a new term on Monday, signalling that he would keep faith with a policy direction that has brought Russia into conflict with the West.Standing in the ornately-decorated Andreyevsky Hall of the Grand Kremlin Palace, with his hand on a gold-embossed copy of the constitutio...Read More

HONG KONG (Reuters) - Carlyle Group (CG.O) is set to close its biggest-ever Asia private equity fund at $6.5 billion, people with direct knowledge of matter said, in a deal that adds to the record levels of funds seeking deals in the region.The private equity giant had initially targeted a fund of $5 billion but raised its expectations following a strong response from its investors, known as limit...Read More

WASHINGTON (Reuters) - U.S. President Donald Trump on Monday defended his pick to run the CIA after U.S. media reports surfaced that she had sought to withdraw from the nomination over concerns about her involvement in the agency’s interrogation program.Gina Haspel is expected to face a brutal confirmation hearing in the Senate Intelligence Committee on Wednesday, and the Washington Post rep...Read More

(Bloomberg) - Gold imports by India, which vies with China as the biggest consumer, declined in April, according to a person familiar with the information, falling for a fourth month amid lackluster sales.Overseas purchases dropped 46 percent to 52.7 metric tons last month from a year earlier, the person said, asking not to be identified as the figures aren't public. Imports in the first four mon...Read More

LONDON (Reuters) - Oil prices rose to their highest levels since late-2014 on Monday, boosted by fresh troubles for Venezuelan oil company PDVSA and a looming decision on whether the United States will re-impose sanctions on Iran.Brent crude oil futures were at $75.78 a barrel at 1236 GMT, up 91 cents from their last close. Earlier in the session they touched their highest since November 2014 at $...Read More

BEIJING (Reuters) - China’s main ports will step up quarantine checks on imports of apples and logs from the United States, and shipments found carrying disease or rot could be returned or destroyed, the Chinese customs agency said on Monday.Reuters reported last week that the main Chinese ports of entry have ramped up checks on fresh fruit imports from the United States, which could delay s...Read More