Metals News
-
If I was to tell you that a 1968 Grand Seiko just sold for around $90,321.00 (or exactly ¥13,501,000) via an online Yahoo auction this week, I would not be offended if you didn’t believe me. Who would pay such a sum for a dirty, old Japanese watch from an unknown seller offering poor quality photos and not a single shot of the movement? A collector who ...
-
A guest on the popular show Antiques Roadshow brought with her an amethyst necklace, a family heirloom, that supposedly belonged to a British socialite and the mistress of King Edward VII. If the guest was looking for a nice pay day, her hopes were quickly dashed when jewelry expert Sarah Churgin appraised the piece at just '$3,000 to $4,000' after ...
-
The past century has been a wild ride for investors. This article explores ten of the most dramatic plunges the stock market has witnessed, from the tech-fueled Dot-com bubble burst to the global economic shock of the COVID-19 pandemic. Each crash offers a unique story, exposing vulnerabilities in the system and highlighting the interconnectedness of ...
-
Takatoshi Ito is currently an academic at Columbia University academic: • Was deputy vice minister for international affairs at Japan's finance ministry from 1999-2001 • Was a private-sector member of the government's top economic council for two years until 2008 He spoke with Reuters: • "By hammering speculative moves with intervention, the authorities are ...
-
Gold continues to rise after the earlier upward reversal from the support zone lying at the intersection of the key support level 2290.00 (which has been reversing the price from the start of April), lower daily Bollinger Band, upper trendline of the recently broken daily up channel from October (acting as the support after it was broken earlier). The ...
-
If I was to tell you that a 1968 Grand Seiko just sold for around $90,321.00 (or exactly ¥13,501,000) via an online Yahoo auction this week, I would not be offended if you didn’t believe me. Who would pay such a sum for a dirty, old Japanese watch from an unknown seller offering poor quality photos and not a single shot of the movement? A collector who ...
-
The May FOMC meeting brought little by way of surprises – rates unchanged, guidance unchanged, albeit with a marginally quicker QT taper than some had expected. Clearly, the next ...
-
The FOMC smartly executed an overall set of communications that struck a balance between ruling out nearer term easing, sticking to the line that the most likely next move is ...
-
Semiconductor selling, an unsure FOMC, and a downright shocking ISM report make today the biggest of the year, argues OJ. Two changes on his Risk Radar, one more surprising than ...
-
Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have remained strong, and the unemployment rate has remained low. Inflation has eased over the past year but remains elevated. In recent months, there has been a lack of further progress toward the Committee's 2 percent inflation objective. The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. The Committee judges that the risks to achieving its employment and inflation goals have moved toward better balance over the past year. The economic outlook is uncertain, and the Committee remains highly attentive to inflation risks. In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 5-1/4 to 5-1/2 percent. In considering any adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks. The Committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2 percent. In addition, the Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage‑backed securities. Beginning in June, the Committee will slow the pace of decline of its securities holdings by reducing the monthly redemption cap on Treasury securities from $60 billion to $25 billion. The Committee will maintain the monthly redemption cap on agency debt and agency mortgage‑backed securities at $35 billion and will reinvest any principal payments in excess of this cap into Treasury securities. The Committee is strongly committed to returning inflation to its 2 percent objective. In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook. The Committee would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that could impede the attainment of the Committee's goals. The Committee's assessments will take into account a wide range of information, including readings on labor market conditions, inflation pressures and inflation e post: FOMC STATEMENT COMPARE pic.twitter.com/eNQfsvqMI8 post: FED VOTE IN FAVOR OF POLICY WAS UNANIMOUS. post: *FED HOLDS BENCHMARK RATE IN 5.25%-5.5% TARGET RANGE *FED: LACK OF FURTHER PROGRESS TOWARD 2% GOAL IN RECENT MONTHS post: THE FED DOES NOT EXPECT IT WILL BE APPROPRIATE TO CUT RATES UNTIL IT HAS GAINED GREATER CONFIDENCE INFLATION IS MOVING SUSTAINABLY TOWARD 2%.
-
Takatoshi Ito is currently an academic at Columbia University academic: • Was deputy vice minister for international affairs at Japan's finance ministry from 1999-2001 • Was a ...
-
The March 2024 seasonally adjusted estimate: • Total dwellings approved rose 1.9%, to 12,947. • Private sector houses rose 3.8%, to 8,891, while private dwellings excluding houses ...
-
Gold continues to rise after the earlier upward reversal from the support zone lying at the intersection of the key support level 2290.00 (which has been reversing the price from the start of April), lower daily Bollinger Band, upper trendline of the recently broken daily up channel from October (acting as the support after it was broken earlier). The ...
-
Gold price ended April with a bang – declining by over $50 yesterday, and closing the month about $150 below its high. And that, my friends, is an epic reversal. Gold price was likely to decline here, as it has already broken below the rising support line, and it verified this breakdown. Quoting my yesterday’s analysis: Consolidations, pauses, and breathers ...
-
CME Group, the world's leading derivatives marketplace, today announced that the number of market participants trading Aluminum futures has doubled since last year, reaching 406 unique accounts in April, while ADV was up 70% year-over-year, and average daily open interest increased 11%. "We continue to grow liquidity in our Aluminum futures, which in turn ...