“This must be the most Instagrammed greenhouse in the world”, Clark Moorten, the 74-year-old owner of Moorten Botanical Garden says, leading me to a rather ramshackle structure with the sign:Read full newsRead More
Scott Pruitt's decision maintains the Obama-era stance that the operation could harm world's largest sockeye salmon fishery.Read full newsRead More
SHANGHAI, Jan 30 (SMM) – As the SHFE 1803 zinc contract refreshed its 10-year high and touched 27,235 yuan/mt on Monday January 29, SMM believes new highs may continue to be made.Such strong momentum can be attributed to stronger Chinese yuan, declining inventory, and more fund liquidity.With LME zinc inventory coming down to below the 180,000 mt level and a spot premium of over $20/mt, more...Read More
Scott Pruitt's decision maintains the Obama-era stance that the operation could harm world's largest sockeye salmon fishery.Read full newsRead More
U.S. December Inflation-Adjusted Consumer Spending RisesU.S. consumer spending rose at a solid pace in December after an upwardly revised advance a month earlier as shoppers splurged during the holiday season. While incomes also rose, the saving rate fell to a fresh 12-year low.Purchases, which account for about 70 percent of the economy, climbed 0.4 percent after a revised 0.8 percent advance, Co...Read More
Ever wanted to know what $40 million in recovered gold looks like? Well now you will get your chance as the world's greatest lost treasure goes on display in California next month. From Feb. 22 to 24, gold recovered from the SS Central America, also known as the "Ship of Gold," will be on display during the Long Beach Coin, Currency, Stamp & Sports Collectible Expo, courtesy of the Californi...Read More
Stocks tumbled on Monday, Jan. 29, as bond yields spiked. The Dow Jones Industrial Average declined by 177 points, or 0.67%, to 26,439. The S&P 500 also declined by 0.67% and the Nasdaq slid 0.52%. Leading the Dow lower on Monday were Caterpillar Inc. (CAT) and Apple Inc. (AAPL) . Apple fell 2% following a report from Nikkei that said the tech giant was cutting iPhone X production...Read More
Gold RunAll That Glitters Is the Dollar's WeaknessThe metal's recent rise isn't about inflation rising or cryptocurrencies falling.By Marcus Ashworth@marcusashworthMore stories by Marcus AshworthRead More
Jack ChanPosted Jan 29, 2018GLD – on buy signal.***SLV – on buy signal.***GDX – on buy signal.***XGD.TO – on buy signal.***CEF – on buy signal.***GDXJ – on buy signal.***Speculation is in bull market values.Speculation recovered sharply from the lowest level in years.The is a massive bottoming pattern four years is the making, with prices now testing resistance....Read More
Euro, yen, franc drop versus greenback; Europe stocks struggleZinc surges with other base metals amid optimism over growthBloomberg's Mike McKee reports on the sixth round of Nafta talks.The Standard & Poor’s 500 Index declined by the most since September and yields on benchmark Treasuries touched the highest levels since early 2014 as traders gear up for a hectic week of data and polic...Read More
U.S. equity futures extended declines Monday, while bond yields leaped to multi-year highs as investors prepped for a hectic week of earnings and economic data as well as the final policy meeting of the Federal Reserve under outgoing chairwoman Janet Yellen. Wall Street futures suggest a softer start to the Monday trading session, with contacts tied to the Dow Jones Industrial Average marke...Read More
Global government bond markets continued to sell-off Monday, taking U.S. Treasury yields to the highest level in four years amid renewed bets on faster inflation in the world's biggest economy and hawkish comments on growth and inflation from central bank officials in Europe. The bond market moves have clipped early gains for stocks and raised the spectre of a correction in inflation assumptions...Read More
Better prospects for crude oil is nowhere more evident than on derivatives markets and the shift in positioning of large-scale derivatives speculators such as hedge funds.Hedge funds have pushed long positions - bets on higher prices in future - to all-time record levels across five energy markets including US benchmark West Texas Intermediate crude, Brent international oil futures, and US gasoli...Read More
The latest news and price moves to start the Asian day on Tuesday January 30.Zinc was the best performer on the London Metal Exchange at the close on Monday January 29, rising nearly 2% while the other metals diverged. Read more in our live futures report.Here are how LME prices looked at Monday's close:European non-ferrous metals industry association Eurometaux welcomed the release of new de...Read More
I started in the Treasury bond business in 1985 after a 10-year career in commercial banking. I retired as a senior officer of Citibank that year at a relatively young age and made the move to Wall Street.My firm was Greenwich Capital Markets, one of a select group of "primary dealers" allowed to transact directly with the Federal Reserve. Monetary policy is conducted through open-market operation...Read More
The old signposts can no longer be trusted, we noted in Friday's reckoning.Like Nazi saboteurs redirecting road signs during the Battle of the Bulge, the Fed sent investors off in the wrong direction...After the crash of 2008, interest rates would have soared.Marginal companies dependent on low interest rates and cheap credit would have gone the way of all flesh.The pain of bankruptcy would have b...Read More
In 2009, the financial world was in full meltdown.Ironically, weeks before the S&P 500 bottomed at 666, the genesis for one of the biggest current trends in tech and finance kicked off.It happened when the first block of bitcoin, called the genesis block, was issued by its elusive inventor Satoshi Nakamoto.Months earlier, Nakamoto wrote a paper describing how a new digital currency could be us...Read More
Ian Lange, director of the mineral and energy economics program and assistant professor of economics and business at Colorado School of Mines, was recently interviewed by China Global Television Network (CGTN) about the impact of a new U.S. tariff on imported solar panels.The solar tariff has been authorized for four years, with the rate starting at 30 percent and falling to 15 percent by Year 4....Read More
Your strongest beliefs are tearing your portfolio apart.You're biased. You like Apple iPhones, Nike sneakers, and Shake Shack burgers. In your world, the quality and value of these brands are unmatched by the competition. Of course, this also means their respective share prices can only go higher.When you're emotionally attached to a company, it's easy to excuse a bad quarter, a botched product la...Read More
I'm getting sick and tired of the fake news popping up just about everywhere.Personally, I feel manipulated every time I read a story on what's happening in Washington. It happens on both the left and the right sides of the spectrum.No one is reporting the actual political story. Instead, it seems like every journalist is writing with the express intent to sway me towards their opinion of what is...Read More