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Profit Taking in the Oil Market Feb. 1, 2016 (Video)

Profit Taking in the Oil Market Feb. 1, 2016 (Video)

 

 

 

 

By EconMatters

There was a lot of profit taking on Monday in the oil market. Will we still finish the week higher after such a slow start to the trading week? Well we did last week, so it is not entirely impossible. Just another day trading in the oil markets. Actually pretty standard price action for a Monday.

 

https://www.youtube.com/watch?v=-6nzSMmoFSg

 

Hong Kong Housing Bubble Suffers Spectacular Collapse: Sales Plunge Most On Record, Prices Crash

Hong Kong Housing Bubble Suffers Spectacular Collapse: Sales Plunge Most On Record, Prices Crash

Two months ago, we observed the record plunge in Hong Kong home sales when according to Land Registry data, a paltry 2,826 registered residential transactions were record, down 14.4% from October and what we thought was an amazing 41.7% less than in November last year. This was the lowest print in the history of the series.

Little did we know just how bad it would get just two months later.

World's Largest Silver Producer Slams LBMA's "Manipulated" Fix

World's Largest Silver Producer Slams LBMA's "Manipulated" Fix

Last week's obvious silver market fix manipulation will not go quietly into the night, as we are sure LBMA would prefer.

 

 

But it will not, as BullionDesk.com's Ian Walker reports, the world’s largest producer of silver, KGHM, has weighed in on last week’s hugely controversial silver price benchmark, which was set some six percent below the prevailing spot price on Thursday.

Even Goldman Has Bailed On Bush

Even Goldman Has Bailed On Bush

Jeb Bush turned out to be such a bad investment for bankers at Goldman Sachs that the hundreds of thousands of dollars they threw at him has become a company joke, according to Bloomberg. After donating almost $900,000 in the first half of 2015 to four favorite candidates and their fundraising committees, the firm’s bankers gave about $243,000 in the second half, Federal Election Commission filings released Sunday show.

As Bloomberg continues,

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