The U.S. Energy Department’s inventory release showed that crude stockpiles recorded a lower-than-expected weekly draw. On a further bearish note, the report revealed that refined product inventories, gasoline and distillate, both rose slightly from their week earlier levels. Meanwhile, refinery activity improved. However, the talking point from the data sets was the steady trend of […]

Thanksgiving Wednesday was never going to generate an exciting day but it was good to see early week gains retained. Upcoming Thanksgiving Friday is typically a day when Junior traders go wild and decent gains are posted – even if trading volume is light. With last week’s lead action I wouldn’t be surprised if this pattern […]

While the charade of sellside analysts releasing optimistic, and in the case of Barclays and Goldman “rationally exuberant”previews of the year ahead… … is a familiar, long-running tradition on Wall Street, rarely has the intellectual dishonesty and cognitive dissonance been quite so glaring: take Goldman, which while admitting that valuations have never been higher, and the upside […]

Today Silvercorp Metals announced that it wanted to acquire up to 8.4 million shares. So, once again, the company is announcing a share buy-back program.  To remind my readers, Silvercorp announced three such programs: in 2014, 2015 and now. The first two programs were very ambitious – the company wanted to repurchase around 16 million shares but […]

In September, South Korea surpassed China in total crypto trading volumes, and as the world’s second largest Ethereum exchange market, South Korea is evolving into an Ethereum powerhouse with a rapidly growing number of active developments, domestic projects and communities. image courtesy of CoinTelegraph image courtesy of CoinTelegraph, the majority of traders in the South Korean Ethereum market are speculative […]