Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort195,118118,44651,434171,601266,564418,153436,444Change from Prior Reporting Period -7,79712,043-5,44810,126-9,035-3,119-2,440Traders18390885050274192 Small Speculators (C) GoldSeek.com LongShortOpen Interest 50,42032,129468,573 3,3472,668228 non reportable positionsChange from...Read More
This quarter was a trader's paradise. Volatility was good in currencies, metals as well as energies. Stock market bears and bulls had a nice tug-o-war. I do not see a repeat in the third quarter. Volatility will be less. Change will be there but it will be smooth and orchestrated by central banks and their aided financial institutions. My only message is invest in instruments which have strong m...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort195,118118,44651,434171,601266,564418,153436,444Change from Prior Reporting Period -7,79712,043-5,44810,126-9,035-3,119-2,440Traders18390885050274192 Small Speculators (C) GoldSeek.com LongShortOpen Interest 50,42032,129468,573 3,3472,668228 non reportable positionsChange from...Read More
This quarter was a trader's paradise. Volatility was good in currencies, metals as well as energies. Stock market bears and bulls had a nice tug-o-war. I do not see a repeat in the third quarter. Volatility will be less. Change will be there but it will be smooth and orchestrated by central banks and their aided financial institutions. My only message is invest in instruments which have strong m...Read More
Cannabis' non-intoxicating relative hemp has finally been given a pass by the U.S. Senate, just in time for the 4th of July.On Thursday, the omnibus agriculture and food policy legislation called the 2018 Farm Bill passed with an 86-11 vote to legalize the cultivation, processing and sale of ...Read full newsRead More
The cryptocurrency market has lost over US$9 billion over the past 24 hours, as the valuation of the market dropped to US$233 billion.Major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), B Cash (BCH), and others dropped by more than 5%. At press time, bitcoin t...Read full newsRead More
Today's modest price increase has had little effect on the weekly tally. As of 3:30 PM Eastern standard time, gold futures (August 2018 Comex contract) are trading $1.80 higher on the day, and currently fixed at $1252.80. Considering gold opened on Monday at approximately $1,272 per ounce, this week's activity resulted in a decline of $20. Today's modest advance is not based in any part on buyers...Read More
Today's modest price increase has had little effect on the weekly tally. As of 3:30 PM Eastern standard time, gold futures (August 2018 Comex contract) are trading $1.80 higher on the day, and currently fixed at $1252.80. Considering gold opened on Monday at approximately $1,272 per ounce, this week's activity resulted in a decline of $20. Today's modest advance is not based in any part on buyers...Read More
The Dow still turned in its third straight weekly loss, thoughThe Dow ended today modestly higher, thanks to a massive post-earnings rally from apparel giant Nike (NKE) -- but the index once again failed to reclaim its 200-day moving average, as an intraday gain of 293 points largely evaporated by the close. A rebound by beaten-down financial stocks also propped up markets, after most major U.S....Read More
WASHINGTON (Reuters) - U.S. President Donald Trump said he expects a second tax overhaul to be unveiled in October or a bit earlier, and he is considering cutting the corporate tax rate to 20 percent from 21 percent.In an excerpt of a Fox Business Network interview to be broadcast on Sunday, Trump said: “We’re doing a phase two. We’ll be doing it probably in October, maybe a litt...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump said he expects a second tax overhaul to be unveiled in October or a bit earlier, and he is considering cutting the corporate tax rate to 20 percent from 21 percent.In an excerpt of a Fox Business Network interview to be broadcast on Sunday, Trump said: “We’re doing a phase two. We’ll be doing it probably in October, maybe a litt...Read More
NEW YORK (Reuters) - The dollar slipped to a three-day low against the euro on Friday after European Union leaders reached an agreement on migration that eased pressure on German Chancellor Angela Merkel, but the currency was set to log its best quarterly performance in six quarters.European Union leaders on Friday claimed success in reaching a hard-fought agreement to control immigration even tho...Read More
NEW YORK (Reuters) - After a strong rally that saw the Russell 2000 notch a record in three straight sessions in June, smallcap stocks may be showing signs of slowing down, leading some market participants to question whether their recent bulletproof performance is starting to crack.After hitting lows on Feb. 8, the Russell 2000 has risen more than 12 percent, far outpacing the gain of 5.2 percent...Read More
Amazon came onto the pharma scene swingin' for the fences with the $1B purchase of PillPack.Read full newsRead More
(Reuters) - General Motors Co (GM.N) warned on Friday that expansive U.S. tariffs on imported vehicles being considered by the Trump administration could lead to a “a smaller GM” and risks isolating U.S. businesses from the global market.The Trump administration in May launched an investigation into whether imported vehicles posed a national security threat, and President Donald Trump...Read More
The total number of fatalities at South African mines has climbed to 47 so far this year, and 21 have occurred at Sibanye-Stillwater's operations.Read full newsRead More
WASHINGTON (Reuters) - President Donald Trump said he probably will not ask the person he nominates for a seat on the U.S. Supreme Court how they would vote on the 1973 Roe v. Wade landmark abortion ruling.In an excerpt of an interview on Fox Business Network to be aired on Sunday, Trump said: “I don’t think I’m going to be so specific.”Reporting by Eric Beech; Editing by M...Read More
Investors, public and private, are starting to warm to emerging mining technology playsRead full newsRead More
WASHINGTON (Reuters) - Sticking to a pledge that Americans will be able to file tax returns on a postcard under President Donald Trump’s tax code overhaul, the U.S. Treasury Department released a new Form 1040 for individuals on Friday, but met swift Democratic criticism about its potential complexity.The Treasury and Internal Revenue Service unveiled a draft of the new form, saying it would...Read More
WASHINGTON (Reuters) - Morgan Stanley (MS.N) agreed to pay a $3.6 million fine after regulators found it failed to detect or prevent misappropriation of client funds, the U.S. Securities and Exchange Commission (SEC) said on Friday.Morgan Stanley did not admit or deny the SEC’s findings, according to the regulator.Reporting by Katanga Johnson; Editing by Jeffrey Benkoe Disclaimer: The views...Read More