Authored by Christoff Gisiger via Finanz und Wirthschaft,
Pierre Lassonde, chairman of Franco-Nevada, expects production in the gold mining sector to decline significantly and foresees a price push for the yellow metal.
Last week we wrote about how some former HSBC FX traders, led by Mark Johnson, orchestrated a carefully crafted plan to front-run a massive buy order for British Pounds using the code phrase "my watch is off."
Now, courtesy of court filings in a British case to extradite one of the participants, Stuart Scott, we learn exactly how much each HSBC trader made for his trading book in the illicit scheme that netted a total of $8 million in profits. Per Bloomberg:
Authored by Michael Snyder via The Economic Collapse blog,
Throughout human history, those in the ruling class have found various ways to force those under them to work for their economic benefit. But in our day and age, we are willingly enslaving ourselves.
At the start of 2017, the most optimistic strategist forecast the S&P 500 at 2,500 by year-end.
S&P Year-End forecasts as of 1/6/17...
In the last few weeks, the market has not only surpassed that most-exuberant guess...
As Bloomberg notes, despite two strategists upgrading their targets on Friday, professional prognosticators are hardly raging bulls: At 2,524, their average estimate represents a 1% decline in the benchmark gauge.
Authord by Ben Levisohn via Barrons,
In the rise of computer-driven trading, some hear echoes of the stock market’s 1987 crash. Beware the feedback loop...
Black Monday. Although the event to which those two words refer occurred 30 years ago, they still carry the weight of that day—Oct. 19, 1987—when the Dow Jones Industrial Average shed nearly a quarter of its value in wave after wave of selling.