The December futures roll was also one for the ages. On Nov. 20 there were 162,509 December contracts, and now we go into first day notice Friday with 11,524 standing. That is still enough to be disruptive and take all Crimex deliverable gold. Incredibly, only about 30% of these Dec. contracts rolled out to the…
Citigroup may have been unable to prevent the Netherlands from repatriating some 122 tons of “a fiat commodity currency with insignificant intrinsic value“, or in the words of Ben Bernanke, “tradition”, but it sure won’t stop that erudite expert on the timing of Greece’s exit from the Eurozone, Willem Buiter, from doing all in his…
A Popular Meme, that Remains as Wrong as When it Was First Conceived A recent article in the Guardian mocks JC Juncker’s latest scheme to produce some €300 billion in “investment” with a magical money multiplication scheme. Naturally, we agree that Juncker’s plan is deeply flawed, to put it as politely as possible. We have pointed this out…
USD/JPY Signal Update Yesterday’s signal was not triggered and expired, as the price never hit 117.03. Today’s USD/JPY Signal Risk 0.75% Trades may only be entered between 8am London time and 1pm New York time; and then after 8am Tokyo time. Long Trade 1 Go long following bullish price action on the H1 time frame immediately…
Depreciation is a very complex element of the tax code. It’s best you don’t try to tackle it on your own. From time to time, you may buy a piece of equipment for your business. This can be anything from a small computer to a large machine that makes little washers to use in…
CLICK ON CHART TO ENLARGE Black Friday is fast approaching, are you ready to spend some money? Thinking of spending and Black Friday, credit cards came to my mind. Even though the S&P 500 finds itself at all time highs, Mastercard (MA) & Visa (V) have struggled to move higher, the majority of 2014. Of…
The following is an excerpt from Rich As A King: How the Wisdom of Chess Can Make You a Grandmaster of Investing. by Douglas Goldstein and Susan Polgar. Imagine if someone summarized your whole financial picture on one page. Wouldn’t that be great? Not only would it present all of your holdings, but it would also show you…
While the US takes the day off after another near-record low volume surge to a new all time high in the S&P500, a level which is now just 125 points away from Goldman’s year end target for 2016, the rest of the world will be patiently awaiting to see if oil’s next move, as a…
This Burtless Brookings Blog post really is a must read. Burtless notes that taxes and transfers (including both ARRA and automatic responses to the recession) prevented huge income declines for the lower 60% of US households during the great recession. In contrast high income households were hammered. Federal policy actually worked. The post is a guided tour…
Uber Technologies Inc. investors are betting the five-year-old car-booking app is more valuable than Twitter Inc. and Hertz Global Holdings Inc. The startup is close to raising a round of financing that would value it between $35 billion and $40 billion, according to people familiar with the situation, who asked not to be identified because the…
