As Europe closed, it seems someone decided now was a great opportunity to puke over $1 billion notional of paper gold into the futures market to send the precious metal back below the key $1300 level… Huge volume spike… Spot gold broke back below its 50DMA… But we note that buyers did step in and
No sooner did news break that Ford will be laying off 5,000 workers in Germany than it was also reported that the company’s CEO, Jim Hackett, saw his pay rise to $17.75 million in 2018, despite what can only be described as a lackluster year for the company. The CEO’s compensation was up about 6%
Earlier today, we published a complete preview of what to expect from today’s FOMC announcement, and how to trade it. Now courtesy of Goldman, here is a proposed red-line statement that lays out what the Fed is most likely to say today (see bottom of post). But first, recall that in order to justify its
US equity markets and Treasury bond yields have tumbled following comments from President Trump that “tariffs could be left on China for a long period of time, until China complies with the deal.” Trump, speaking to reporters at the White House before leaving for Ohio, added that top negotiators will be in China this weekend
Authored by Charles Hugh Smith via OfTwoMinds blog, Everyone now knows that the only meaningful goal of Fed policy is propping up the world’s greatest credit-asset bubble. In this era of fake news and deep-fake digital recordings and images, it’s important to use unedited images. With this firmly in mind, here is an unedited photo