Higher prices of gold and silver should attract investors but it is not always the case. Look at this chart: Interestingly, this month, despite a 3.6% increase in silver prices, as many as 8.6 million ounces of silver were withdrawn from SLV vaults (and the 2017 cumulative flow is still negative – look at the lower panel of the chart). However, JPM Morgan warehouse still reports silver inflows and since the beginning of 2017 as many as 33.7 million ounces of silver were added to the bank’s vaults. It is a huge amount of silver. For example, Fresnillo plc, the largest world’s primary silver producer delivers around 55 mil...
The September natural gas contract went off the board today in the midst of Tropical Storm Harvey still churning in the Gulf of Mexico, and the result was a bit of excitement. The expiry led to the first prompt month close above the prompt month 60-Day Moving Average (DMA) since late May, though much of this was driven by the spike in prices near the end of the day. Into the end of the trading day it became clear that it was the September expiry that was driving prices as well, as we saw decent prompt month isolation. The amount of prompt month isolation can best be seen here, with U7/V7 rising to the highest level since mid-July on the U...
When liquidity is most needed in the high-grade corporate bond market, it “could get ugly,” Bank of America Merrill Lynch predicts. While total volume has increased meaningfully since 2006, don’t let that fool you. The markets are not liquid, the analysts say, pointing to the Volcker Rule and central bank quantitative easing that has put investors reaching for yield on a ledge. High-Grade Corporate Bond Market Market – Don’t conflate volume with liquidity High-grade corporate bond trading has nearly doubled in the decade following the global financial crisis, BofA’s Hans Mikkelsen and Yunyi Zhang observe. With annual vol...
TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. Written by SmallCapPower.com About Electrovaya Inc. (EFLVF) designs, develops and manufactures proprietary Lithium Ion Super Polymer batteries, battery systems, and battery-related products for energy storage, clean electric transportation and other specialized applications. fully-owned subsidiary Litarion GmbH, also produces cells, electrodes and SEPARION ceramic separators and has manufacturing capacity of about 500MWh/annum. headquartered in Ontario, Canada; the Company has production faciliti...
Video by: Steve Sosnick Steve Sosnick, Chief Options Strategist at Interactive Brokers, discusses the threat of North Korea and whether the market is incredibly healthy or in a state of denial. Video Length:00:02:19...
The GLD ETF that tracks the yellow metal is now up 13% year-to-date after breaking out of a sideways range yesterday. Check out the chart for GLD below. We like to look at gold price ratios compared to other metals, and below we’ve charted the historical silver-to-gold ratio and platinum-to-gold ratio. When the line is rising in the charts below, it means gold is underperforming the other metal. When the line is falling, it means gold is outperforming. As you can see, both silver and platinum have been underperforming gold for years now. The silver-to-gold ratio is right at the bottom of its 30-year range, while the platinum-to-gold ratio...
Tata Steel has made a rising wedge on the daily chart with RSI 14 negative diversion. If rising wedge breaks, one can go short below 628 Target 615-605-595. Daily Chart are hereby for your reference...
Gilead Sciences (GILD – Free Report) showered gains on the biotech ETF world on August 28 by announcing the buyout news of Kite Pharma (KITE – Free Report) for $11.9 billion. GILD shares gained over 1.2% while KITE shares surged about 28% on the day, responding to the super deal. Kite Pharma is a clinical-stage biopharmaceutical company, focused on the development and commercialization of cancer immunotherapy products. The company is developing a pipeline of eACT-based product candidates for the treatment of solid and hematological malignancies. The deal marks Gilead Sciences’ biggest deal for a new cancer treatment that wil...
Consumer credit has evolved considerably from the early days. Over the course of several millennia, there have been credit booms, game-changing innovations, and even periods such as the Dark Ages when the practice of charging interest (also known as “usury”) was considered immoral by some people. A TIMELINE OF CONSUMER CREDIT Below is a timeline of the significant events that have helped lead to the modern consumer credit boom, in which Americans now have over $12.4 trillion borrowed through mortgages, credit cards, student loans, auto loans, and other types of credit. THE ANCIENTS AND CREDIT 3,500 BC – Sumer Sumer was the first urban...
The untold damage and misery caused by Hurricane Harvey is not just being felt by the residents of Texas. Markets were also singed by the tropical cyclone on Monday, with energy and financials bearing the brunt of the pain. Stocks of energy companies suffered after key refineries in Texas had to close due to widespread flooding. But losses for insurers were possibly the most alarming, with the iShares U.S. Insurance ETF losing 1%. This was possibly a reaction to the enormous level of claims likely to be generated in the aftermath of this disaster. However, industry watchers think that the industry has the ability to absorb resulting losses an...