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Chris Powell: Futures Markets Give High-Volume Trading Discounts To Governments

Chris Powell: Futures Markets Give High-Volume Trading Discounts To Governments

Listen to the Podcast Audio: Click Here Mike Gleason (Money Metals Exchange): It is my privilege now to welcome in Chris Powell, Secretary-Treasurer at the Gold Antitrust Action Committee, also known as GATA. Chris is a long-time journalist and hard money advocate, and through his tireless efforts at GATA, he is working to expose the […]
Key Events In The Coming Week: All Eyes On Yellen, CPI And Retail Sales

Key Events In The Coming Week: All Eyes On Yellen, CPI And Retail Sales

In the usual post-payrolls economic data lull, the focus this week will be on North America, with Chair Yellen’s semi-annual testimony on Wednesday alongside the the BoC, as well as a Friday data deluge in the US including CPI & retail sales. A 25bp hike this week from the Bank of Canada is expected, although […]
Sell-Off Negated For Now

Sell-Off Negated For Now

I would have loved to of seen a greater pullback in the market. And maybe we still get it right here, but Friday’s bounce was highly problematic for the bears. Simply put, they had the market, as they have had time and time again, on the ropes, with a breakdown in key support. All that had to […]
The Great Rotation Continues

The Great Rotation Continues

If you own Apple (AAPL) you’re in big trouble. Well, maybe. The Great Rotation continues. The leading technology companies are still trading poorly. They may have another 5% to the downside. But it’s too late to sell them short. It all sets up the sideways “time” correction that I have been predicting for the summer. And what […]
The Labor Market Conditions Index Down In June

The Labor Market Conditions Index Down In June

The latest update of the Labor Market Conditions Index for June is at 1.5, down from May’s revised 3.3. The LMCI is a relatively recent indicator developed by Federal Reserve economists to assess changes in the labor market conditions. The cumulative index (discussed below) is currently at its post-recession peak. The indicator, designed to illustrate […]
Indian Markets To Triple Over Five Years

Indian Markets To Triple Over Five Years

Audio Length: 00:53:58 I saw this headline on LinkedIn recently: “Nifty will triple in 5 years.”1 The quote was attributed to Ridham Desai, Morgan Stanley’s head of research for Indian equities. Gaurav Sinha, who covers India extensively for WisdomTree, has been making the bullish case for India on our blog, but the potential drivers for the view that Indian […]
Aussie & Kiwi: Bearish Outlook Remains

Aussie & Kiwi: Bearish Outlook Remains

A few weeks ago, we took a detailed look from a technical point of view at the two interesting pairs. We speculated the possible scenarios, based on the previous reactions and the potential catalysts, which could lead to the next move. Are Australia’s & New Zealand’s central banks intervening in FX market? The Aussie and […]
Premarket Biotech Digest – CELG Inks New Deal, LLY Gets Favorable Ruling, ALR Modifies Deal

Premarket Biotech Digest – CELG Inks New Deal, LLY Gets Favorable Ruling, ALR Modifies Deal

Top Pick of the Day: CELG Celgene Corporation (CELG) announced that it has agreed to acquire a stake in BeiGene. The deal has valued BeiGene stock at $4.58 apiece. The company will buy 5.9 percent of the total stock, which would be 32.7 million shares. BeiGene is set to receive $263 million in upfront license […]
USD Strategy For Bullish And Bearish Scenarios As The Dollar Remains Near Lows

USD Strategy For Bullish And Bearish Scenarios As The Dollar Remains Near Lows

This week is another big one for the U.S. Dollar, as the currency remains pinned-down near 10-month lows. The primary drivers for this week will likely come from Fed Chair Janet Yellen’s two-day testimony in front of Congress, set to take place on Wednesday and Thursday. During this twice-annual Humphrey Hawkins testimony, Chair Yellen will brief […]
Oil Dives (Again) As Hedge Funds Most Bullish In 3 Weeks

Oil Dives (Again) As Hedge Funds Most Bullish In 3 Weeks

On Sunday evening we wondered if news that Libya and Nigeria may soon be asked to cap output would serve as a catalyst for crude prices to start the week. Boom.. here’s your catalyst for oil on Monday: KUWAIT: OPEC, NON-OPEC TO DISCUSS OUTPUT CAPS ON LIBYA, NIGERIA — Walter White (@heisenbergrpt) July 9, 2017 […]