Open interest represents over 71% of… by Harvey Organ of Harvey Organ Blog DEC 16 //GOLD ADVANCES BY A STRONG $33.05 TP $1797//SILVER ALSO RISES BY A STRONG 91 CENTS TO $22.45//COMEX GOLD STANDING RISES TO 105.7 TONNES/SILVER OZ STANDING REMAINS CONSTANT AT 45.3 MILLION OZ GOLD:$1797.00 UP 33.05 The quote is London spot price
admin
They have been available on the New York Stock Exchange (NYSE) only since 2016 but owing to their fixed all-or-nothing payout, binary options (also called digital options) are becoming popular among traders and are gaining some interest from individual investors, particularly as a tool for hedging their positions in stocks. Compared to the traditional plain
That a competent generation of English footballers was “golden”. That a CD album by Linkin Park or Green Day should retail for upwards of $20. That, with sage government, the vicissitudes of the business cycle were as eradicable as rubella. There was so much hubris around in the early years of the millennium that it
Alan Garner, 87, devised a new genre of myth-based fantasy with his first novel for children, The Weirdstone of Brisingamen, published in 1960. His novels for adults include Strandloper, Thursbitch and Boneland. He was appointed OBE in 2001 for services to literature. What was your childhood or earliest ambition? At the age of four I
The Financial Planning Association’s Michigan chapter is hosting a Student Success Summit in February, an event designed to help students interested in the field connect with potential mentors. Two retiring executives set off a slew of management changes at Merrill Lynch. Dimensional Fund Advisors is cutting fees on dozens of mutual funds and a few
In this article JNJ FDX ORCL RIVN MRNA JPM An entry sign to the Johnson & Johnson campus shows their logo in Irvine, California on August 28, 2019. Mark Ralston | AFP | Getty Images Check out the companies making headlines in midday trading. Johnson & Johnson — Shares of Johnson & Johnson fell 2.2%
Catch up on nonfungible token (NFT)-related news this week from restaurants to movies and music. Below is a roundup of stories you don’t want to miss. Melania Trump’s eyes become an NFT Former first lady Melania Trump launched her own NFT platform and dropped her first digital collectible titled “Melania’s Vision,” which will be on
The real estate market isn’t always predictable—it must adapt to the ebbs and flows of the incalculable vogue—but it seems safe to say that oceanfront properties will never go out of fashion. With a finite supply, supreme scenic beauty and a highly desirable lifestyle, the shoreline is home to many of the most coveted properties
A sign marks the entrance to the headquarters campus of Sears Holding in Hoffman Estates, Illinois. Getty Images The beleaguered department-store chain Sears is considering a sale or a redevelopment of its massive corporate headquarters in suburban Chicago, as its retail footprint keeps dwindling. Transformco, the parent company of Sears and Kmart, said it will
A Cornell University economics professor says that the promise of decentralized finance (defi) using blockchain technology is real but bitcoin may not last that much longer. Nonetheless, he admitted bitcoin “has really set off a revolution that ultimately might benefit all of us either directly or indirectly.” Economics Professor Doubts Future of Bitcoin, Praises Defi
By Chris Farrell, Next Avenue An email I received from Caryn Lindsay of St. Paul, Minn., grabbed my attention because her story, sadly, is all too common these days. Lindsay, who’s 58 and single, was worried that she’ll need to dig further into her retirement funds and remain on Medicaid when her unemployment benefits run out.
Welcome to Kitco News’ 2022 outlook series. The new year will be filled with uncertainty as the Federal Reserve looks to pivot and tighten its monetary policies. At the same time, the inflation threat continues to grow, which means real rates will remain in low to negative territory. Stay tuned to Kitco News to learn
With not enough liquid dollars available, dollar-demand is up, and hence… by Matthew Piepenburg via Gold Switzerland In October of 2019, I began writing/warning of the ignored yet ominous signals coming out of the repo and Eurodollar markets and what the illiquidity (i.e., lack of availability) of U.S. Dollars portended for our markets in the coming years.
We see beer at sporting events, parties, and backyard barbecues, but how many of us have ever thought about what goes into that can or bottle? Not the ingredients—the economics. The brewing industry is quite complex, and it takes more than just a brewing technique to get your favorite beer into your local store or
Ghislaine Maxwell declined to testify on Friday as her lawyers wrapped up her defence on criminal sex trafficking charges after two days. “Your honour, the government has not proven its case beyond a reasonable doubt, and so there is no need for me to testify,” Maxwell, 59, said on Friday afternoon, after Judge Alison Nathan
At the inaugural home game of the National Hockey League’s Seattle Kraken this October, team co-owner and private equity billionaire David Bonderman looked on as a tribute video showed footage of his undergraduate days at the University of Washington in the 1960s. The Krakens lost the match, but it was nevertheless the culmination of years
The SEC needs better metrics, accountability and communication as part of its frequent examinations and inspections of FINRA, according to a government watchdog agency. As the only entity overseeing the self-regulatory organization, the SEC reviewed FINRA at least 69 times in the past three fiscal years across 10 different areas of its operations spelled out
In this article US10Y US2Y .IXIC Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, December 8, 2021. Brendan McDermid | Reuters Stocks could be volatile in the coming week, with thin volume exaggerating moves in both directions ahead of the Christmas holiday. The market was whipsawed in
Sharing is Caring! by Kimble Charting Rising stock market volatility has made for a very tough trading environment for investors. And while stocks remain elevated, several key indexes and indicators are flashing caution. Last week, I highlighted an important tech stocks ratio that is teetering. And today, we focus on the broader stock market via the S&P 500
Decentralized finance (DeFi) dominated media headlines throughout 2021 and the sector, along with nonfungible tokens (NFTs), helped to initiate the mass adoption of cryptocurrencies. While high yields on staking and instant profits from flipping jpegs have proven to be very lucrative for investors, it’s important to remember that none of it would have been possible
It’s hard to say how many prospective first-time home buyers people have struggled to buy a home in the current housing market with high demand, low inventory and multiple buyers competing for the same property, making it feel impossible to achieve the American dream of homeownership. The good news is Zillow has announced a partnership with Down
The application-specific integrated circuit (ASIC) bitcoin mining rig manufacturer Canaan has announced the company has secured a follow-on contract from Genesis Digital Assets for 30,000 mining machines. The sale is part of an agreement between Canaan and Genesis that gives the mining operation the option to purchase up to 180,000 ASIC bitcoin mining rigs. Canaan
Getty Images While household debt reached a record $17 trillion in the second quarter of 2021, many American households have felt less financial stress this year thanks to Covid-19-related government policies. That’s according to the federal Financial Stability Oversight Council, which released its annual report for 2021 on Friday. The council was created by legislation
The Economist recently insisted that the “employment of older workers is vital if prosperity is to be maintained.” But as much as pundits insist work in old age is vital, meaningful, and fulfilling, the truth is that many of the jobs older people find themselves in sap their vitality and are hardly rewarding. In 2020,
Puerto Rico’s employment rebound is outpacing that of the United States, Federal Reserve officials said Friday. They pointed to Bureau of Labor Statistics data showing the island’s employment in October was up 1% since October 2019, prior to the onset of the COVID-19 pandemic. By comparison, U.S. employment was down 3% in the period. New
Bloomberg Rivian Tumbles to Lowest Since IPO After Production Warning (Bloomberg) — Rivian Automotive Inc.’s shares fell to the lowest level since they started trading last month after the electric-truck maker’s debut earnings report revealed a slower-than-expected increase in production.Most Read from BloombergAcross the U.S., School Shooting Threats on TikTok Prompt Closures and More PoliceSouth
Is the dollar about to crash? Keep gold in the portfolio? John Mauldin on GoldCore TV The Fed has made a massive policy error! Will this mean higher #inflation and a catastrophic impact on the economy? To discuss this and much more, Dave Russell of GoldCore TV welcomes #JohnMauldin of Mauldin Economics. John reveals his
For more than a week, mortgage rates have inched up, then down, then back again, keeping the 30-year fixed-rate average wavering within one point’s distance of 3.30%. Though the Fed made a major rate announcement Wednesday afternoon, it has so far not impacted mortgage rates. National Averages of Lenders’ Best Rates Loan Type Purchase Refinance
In this article JPM Scott Mlyn | CNBC JPMorgan Chase is paying a $125 million fine to settle Securities and Exchange Commission charges that its Wall Street division allowed employees to use WhatsApp and other platforms to circumvent federal record-keeping laws. The SEC said Friday in a statement that JPMorgan Securities admitted to “widespread” record-keeping
This was the week that central banks around the world changed gears and got serious about inflation. Gone was talk from the Federal Reserve, European Central Bank or Bank of England that rapidly rising prices were temporary, transitory or transient. Instead, they began to worry about high inflation being “persistent”. The ECB and Fed sharply