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Central Banks Are Stocking Up On Gold

Central Banks Are Stocking Up On Gold

Although gold has been struggling to attract investors so far this year, global central bank demand has remained strong with two European nations purchasing gold for the first time in over 20 years. Poland bought nine tons in July and August while Hungary increased its reserves tenfold in October. In this video, Joanna Sawicka, emerging […]
How Many Canaries Have To Die?

How Many Canaries Have To Die?

BancFirst (BANF) Tops Q3 Earnings And Revenue Estimates

BancFirst (BANF) Tops Q3 Earnings And Revenue Estimates

BancFirst (BANF) came out with quarterly earnings of $0.98 per share, beating the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $0.67 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 7.69%. A quarter ago, it was expected that this […]
FX Week Ahead: BOC On Wednesday, ECB On Thursday, Q4’18 US GDP On Friday

FX Week Ahead: BOC On Wednesday, ECB On Thursday, Q4’18 US GDP On Friday

Talking Points: The Bank of Canada and the European Central Bank will meet next week, the former of which will hike rates by 25-bps and the latter which will do nothing. September Durable Goods and Advance Goods Trade Balance figures on Thursday will shape expectations for Friday’s Q4’18 US GDP report. Retail traders remain mostly net-short […]
Stocks Hit With Massive Sell Order Just After 2PM

Stocks Hit With Massive Sell Order Just After 2PM

Last Thursday, October 11, the market selloff accelerated shortly after 2 pm when as we reported at the time, the market was unexpectedly hit with the biggest sell order since the May 2010 flash crash, when the NYSE uptick minus downtick index, hit a print of -1,793. The result was a 600 point plunge in the […]
Gold Demonstrates Its Resilience

Gold Demonstrates Its Resilience

The yellow metal just saw its third straight week of gains after tumbling most of the year. Gold should actually be much lower due to rising U.S. bond yields, but is instead showing resilience. Investors too are moving back into the space with inflows to ETFs backed by gold rising for three consecutive weeks.Global central […]
Is This Volatility Over Or Just Starting?

Is This Volatility Over Or Just Starting?

These Sectors & Companies Are Most Exposed To Higher Rates

These Sectors & Companies Are Most Exposed To Higher Rates

There are three main types of debt: household debt, corporate debt, and government debt. We think the most debate surrounds corporate debt because it is understood households have deleveraged this cycle and government debt has gotten worse. To be clear, there are debates on those categories because some say household debt in specific areas like autos and student loans […]