Category Archive: Finance, No picture
Sanchez Produces And Transports Oil And Gas
Today I’m reviewing a large-cap oil & gas midstream firm by the name of Sanchez Midstream Partners LP. Its trading ticker symbol is SNMP. Sanchez Midstream Partners LP is a US based company, focused on the acquisition, development, ownership and operation of midstream and other oil and gas producing assets. It operates in two segments, […]
BoE Hikes For The Second Time Since Lehman
Are there more central banks than the Fed and the ECB? Oh, yes. Last week, the Bank of England raised rates 25 basis points. What does it imply for gold? Second Hike in 10 Years On last Thursday, the Bank of England’s Monetary Policy Committee voted to raise its key interest rate from 0.50 to […]
When Storage Does Not Save One From Low Commodity Prices
When prices are low for a storable commodity, agents (farmers or intermediaries) can wait for higher prices to sell. Of course, there is a carrying cost to storage for many commodities, like soybeans (deterioration of stock, direct storage costs, opportunity cost of capital tied up in commodity). Hence, while storage can mitigate losses, it does […]
Gold Price Chart Hints At Bottoming After US 10-Year Bond Auction
Gold prices rose yesterday as the US Dollar retreated alongside Treasury bond yields after hitting a 13-month high intraday. That helped the yellow metal leverage its appeal as an anti-fiat and non-interest bearing alternative. The move came after demand held impressively steady despite a record-setting offering of $26 billion in 10-year notes. The bid-to-cover ratio registered at 2.55, […]
AUDUSD Daily Analysis – Thursday, August 9
AUDUSD is facing 0.7440 resistance, a breakout of this level could take the price to the next resistance level at 0.7483. Near-term support is at 0.7370, below this level could bring the price back towards 0.7310 previous low.
Sensex Hits 38,000-Mark; Banking & Energy Stocks Gain The Most
Asian equities are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 1.4% while the Hang Seng is up 0.7%. The Nikkei 225 is trading down by 0.3%. Meanwhile, the S&P 500 closed slightly lower on Wednesday as falling crude prices and trade jitters held markets in check. The Nasdaq posted its seventh consecutive daily advance, while the Dow was […]
Cheapest ETFs In Focus As Fee War Heats Up
(Video length 00:08:15) The ETF price war has been escalating and spreading to all corners of the market. Vanguard Group now offers commission-free trading on more than 1,800 ETFs, including ETFs from their competitors BlackRock (BLK), Schwab (SCHW), and State Street Global Advisors. The list excludes inverse and leveraged ETFs since those are mainly intended […]
Tesla’s Musk Creates Turmoil For Company
Tesla Inc. (TSLA) designs, develops, manufactures, and sells electric vehicles and stationary energy storage products. It operates primarily in the United States, China, Norway and internationally. Tesla Inc., formerly known as Tesla Motors Inc., is headquartered in Palo Alto, California. We have been tracking Tesla for a while here. As long-time readers know, we are […]
Musk’s “Funding Secured” May Constitute Securities Fraud
Yesterday, Elon Musk Tweeted that he would take Tesla private and “funding was secured”. If false, he may be in trouble. Am considering taking Tesla private at $420. Funding secured. — Elon Musk (@elonmusk) August 7, 2018 “Funding Secured” is a material statement that can affect stock prices. It better be true. The New York […]
S&P 500 To Set New Records: Ride High With These ETFs
After months of a volatile ride, the U.S. stock market is back on track with the S&P 500 extending its consecutive five-week rally. This is primarily thanks to a strong second-quarter earnings season and bouts of upbeat data that fueled optimism in the U.S. economy and offset the concerns over global trade. Buoyancy Flowing Total […]
