Silver as an investment

Category Archives: Aussie

Global Stocks Rise, Copper Soars In Thin Holiday Volumes

European stocks are steady in post-Christmas trading if struggling for traction after a mixed session in Asia, amid trading thinned by a holiday-shortened week and ongoing worries about the tech sector; however a strong rally in commodities – including copper and oil – buoyed expectations for a strong 2018 and helped offset concerns over the […]

Precious Metals Pounded As Bitcoin Soars To Best Week Since 2013

Could be worse, you could be short Bitcoin this week…   Nasdaq closed lower for the 2nd week in a row – the first such consecutive loss since August…   Retailers were squeezed to the best gains on the week, financials rallied solidly but Tech fall back to unch…   Gold tumbled 2.5% this week […]

S&P Futures Flat, Spain Rebounds, Nikkei Closes At 21 Year High

S&P500 futures point to a slightly lower open, as Asian stocks rise to trade near decade highs, with Japan’s Nikkei 225 closing at highest since 1996. European stocks are little changed, with Spanish shares gaining after Catalan President rows back from an immediate declaration of independence. MSCI's all-world stocks index briefly hit a fresh record […]

Yahoo Hacking Of 3 Billion Accounts Underlines Cyber Risk

Yahoo Hacking Of 3 Billion Accounts Underlines Cyber Risk – Yahoo admits every single one of 3 billion accounts hacked in 2013 data theft– Equifax hacking and security breach exposes half of the U.S. population– Some 143 million people vulnerable to identity theft– Deloitte hack compromised sensitive emails and client data– JP Morgan hacked and […]

Global Stocks Hit Another Record High, Ignore Slowing Chinese Trade

Following a sleepy overnight session, US futures are flat as are markets in Europe, while Asian stocks rose despite overnight trade data from China which unexpectedly missed across the board. As reported last night, Chinese export growth was the slowest since February while Import growth the weakest since Dec 2016, as both missed consensus estimtes. […]

Dow Set To Open Above 22,000 As Global Stocks Levitate Higher

Welcome to August: you may be surprised to learn that S&P 500 futures are once again levitating, higher by 0.3%, and tracking European and Asian markets. Asian equities traded higher across the board after China’s Caixin Manufacturing PMI beat expectations and printed its highest since March, refuting the decline in the official PMI data reported […]

Gold Hedges Against Currency Devaluation and Cost Of Fuel, Food, Beer and Housing

Gold Hedges Against Currency Devaluation and Cost Of Fuel, Food, Beer and Housing  – Gold hedge against currency devaluation – cost of fuel, food, housing– True inflation figures reflect impact on household spending– Household items climbed by average 964%– Pint of beer sees biggest increase in basket of goods – rise of 2464%– Bread rises 836%, […]

World Stocks Hit Record High For 10th Consecutive Day In “No-Vol Nirvana”

The relentless risk levitation continued overnight, as global shares extended their record high stretch on Thursday for a 10th consecutive day after a cautious BOJ lifted Asian stocks to a decade high with a dovish announcement that offered no surprises, while pushing back Kuroda’s 2% inflation target to 2020, the 6th consecutive delay. With all […]

Bond Rout Fades With Futures Flat Ahead Of Payrolls; Pound, Yen, Oil Tumble

S&P futures are little changed following yesterday's rout even as Asian and European markets continued selling; the pound slid on poor factory data, the yen tumbled after the BOJ intervened to stabilize the JGB bond market, precious metals flash crashed early in the session, while the selloff in oil accelerated despite yesterday's massive inventory draw, […]

Moody’s Cuts Aussie Bank Ratings Due To “Tail Risk” Concerns

Back in 2007, the ratings agencies were so woefully behind the eight ball in understanding and reporting the credit risks in the U.S. financial system that it was nearly impossible to tell from day to day whether they were really just that incompetent or if they were complicit in the biggest financial fraud in history.  […]