World’s Savviest Traders Join In On Bitcoin Action

World’s Savviest Traders Join In On Bitcoin Action

World’s Savviest Traders Join In On Bitcoin Action $BTCUSD, $CME, $CBOE Electronic-trading firms that have already transformed markets from stocks to Fx (foreign exchange) to futures are diving into Bitcoin and other cryptocurrencies. To date 5 of the biggest electronic traders in the world are already trading Bitcoin. Jump Trading LLC Tower Research Capital LLC […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing new. PE Gold at 1279.25 is stable with no major movement seen. Price is ranged within 1300-1270, and could be trapped in the sideways consolidation for some more time before breaking out and a move North. Brent Crude at 63.07 looks Bullish and […]

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed $CORN, $WEAT, $SOYB Chicago agriculture commodities finished mixed Tuesday with Corn and Soybean little changed ahead of the US Thanksgiving Holiday. The most active Corn contract for December delivery was Unchanged at 3.45 bu. December Wheat delivery rose 2.75 cents, or 0.65%, to 4.2475 bu. January Soybean declined by 1 cent, […]

The Big Q: Will Bitcoin End this Year at $10,000?

The Big Q: Will Bitcoin End this Year at $10,000?

The Big Q: Will Bitcoin End this Year at $10,000? $BTCUSD Hedge fund manager Mike Novogratz, 52 anni, is starting a $500-M fund to invest in cryptocurrencies, and he says the Bitcoin rally still has legs. After surging more than 7X since December 2016, the largest digital currency will end the year at $10,000 from […]

Another Crypto Heist: Keep Your Bitcoin Safe

Another Crypto Heist: Keep Your Bitcoin Safe

Another Crypto Heist: Keep Your Bitcoin Safe Hackers have robbed the wallet in the 19th largest cryptocurrency tether. The company behind the dollar-pegged cryptocurrency blamed “malicious action by an external attacker” for the theft of $30,950,010 on Monday. Unlike BPF Tether was using a soft wallet storage system , BPF use a secure hard wallet […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing new. PE Gold at 1279.87) has come off on slight rise in the US Dollar (.DXY)Index. If .DXYcontinues to rise towards 94.50, there could be some more Southside in Gold near term. Brent Crude at 62.33, and WTI Crude Oil at 56.50 […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing New. PE The US Dollar (.DXY) Index at 94.05 has near term channel support near 93.50/60, while that holds, the Southside looks limited in ere. While trading above 93.50/60 .DXY could move up towards 94.50-95.00 soon. Near term looks Bullish to me. EUR (Euro) at 1.1735 could […]

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed $CORN, $WEAT, $SOYB Chicago agriculture commodities finished mixed Monday with wheat posting sharp losses due to a firmer USD. The most active Corn contract for December delivery went up 2 cents, or 0.58%, to 3.45 bu. December Wheat delivery fell 5.25 cents, or 1.23%, to 4.22 bu. January Soybean dropped […]

Oil May see a Production Cut

Oil May see a Production Cut

Oil May see a Production Cut Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy and Industry, has underscored the need to extend the crude oil production cut deal to ensure market stability and reasonable prices, noting that reaching an agreement by OPEC and non-OPEC countries toward this end is possible and is likely […]

Bitcoin Attacks, Cracks, Breaks Key Resistance at $8,000

Bitcoin Attacks, Cracks, Breaks Key Resistance at $8,000

Bitcoin Attacks, Cracks, Breaks Key Resistance at $8,000 $BTCUSD Bitcoin’s Bull Run shows no signs of abating, with the world’s largest cryptocurrency defying fears marking another milestone. Bitcoin is trading at $8,224.9951, + 202.06 or 2.52% It has been a strong year for the largest cryptocurrency, with 3 corrections of more than 25%, all giving […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Sentiment higher for Gold and Silver on soft USD. PE Gold at 1291.37 is trading higher but could be ranged within 1270-1300 for a few more days before moving above 1300 to test 1320/25, as 1st resistance is seen near 1300-1305, which is […]

Chicago Agriculture Commodities Finished Mixed on the Week

Chicago Agriculture Commodities Finished Mixed on the Week

Chicago Agriculture Commodities Finished Mixed on the Week $CORN, $WEAT, $SOYB Chicago agriculture commodities finished mixed on the week ending 17 November with Short-covering and concern for world weather being the Key factor in market ups and downs. The most active Corn contract for December delivery fell 0.5 cent weekly, or 0.15%, to 3.43 bu. December […]

Gold at 1-Month High on Weak USD

Gold at 1-Month High on Weak USD

Gold at 1-Month High on Weak USD $GLD, $SLV, $MTAFF, $USD Gold jumped to a 1-month high Friday as USD softened Sentiment has turned sharply against USD, which may finally allow Gold to test Key medium-term resistance at 1,310 early this week. On the week, the precious Yellow metal finish up 1.3%, its strongest weekly […]

Australian Mines Limited (ASX:AUZ) Looks like the Bears have come to Play

Australian Mines Limited (ASX:AUZ) Looks like the Bears have come to Play

Australian Mines Limited (ASX:AUZ) Looks like the Bears have come to Play Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 0.07. The projected upper bound is: […]

Hollywood Looking for Bitcoin Film Financing

Hollywood Looking for Bitcoin Film Financing

Hollywood Looking for Bitcoin Film Financing $BTCUSD Hollywood feature film may soon be financed with cryptocurrencies. Christopher Woodrow, who has helped produce or finance movies for the past decade, says the distributed-ledger technology known as blockchain is about to disrupt the film industry and he wants to be a part of it. The producer the Oscar-winning […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing New. PE Gold at 1283.34 is trying to move up to 1300. Near term looks Bullish to me. Brent Crude at 61.16 is trading above 1st support at 61.00-60.85. If that holds, price could bounce to 62-63 near term, or a clear break […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD, $CNY Commentary: USD Still Under Pressure. PE EUR (Euro) at 1.1817 broke above the down channel seen in the 3-day and weekly candle. While trading above 1.1780-1.1800, there is room of testing higher at 1.1850-1.1900 before again coming off to 1.17 or lower medium term. USD/JPY at 112.50 could test […]

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed $CORN, $WEAT, $SOYB Chicago agriculture commodities finished mixed Thursday with Corn futures falling to new contract lows as lower-than-expected weekly export sales and abundant supplies weighed on the market. The most active Corn contract for December delivery went down 1.75 cents, or 0.52%, to 3.365 bu. December Wheat delivery rose 1.5 […]

Bitcoin’s Cryptocurrency Rivals Multiply

Bitcoin’s Cryptocurrency Rivals Multiply

Bitcoin’s Cryptocurrency Rivals Multiply $BTCUSD Almost weekly we are seeing new iterations of Bitcoin, the biggest cryptocurrency, as disagreements over of its design persist and opportunities for making fast money prove hard to pass up. The biggest offshoot, called Bitcoin Cash, emerged in August after a hard fork in the Bitcoin blockchain. That spinoff valued […]

Gold Up for 3rd Day Running On US Inflation Data

Gold Up for 3rd Day Running On US Inflation Data

Gold Up for 3rd Day Running On US Inflation Data $GLD, $SLV, $MTAFF, $USD Gold prices rose for a 3rd day running Wednesday, and was flat Thursday, as USD weakened and US bond yields fell despite solid US economic data that reinforced expectations that the Fed will press ahead with increases to US interest rates, […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing New. PE 1260-1280 is strong support near term for Gold, and while that holds, some movement within 1300-1260 is possible before the upward rally resumes in Gold, now at 1278.20 price looks stable and quiet for the last few sessions and may remain […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD, $CNY Commentary: USD Under Pressure. PE Wednesday, I saw a range of 1.1850-1500 for EUR (Euro) at 1.1781 ahead. A high of 1.1861 was seen Wednesday and EUR has come off from there. Looking for a near-term range within 1.1850-1710. USD/JPY at 113.02 has recovered some from an intra-day low […]

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed $CORN, $WEAT, $SOYB Chicago agriculture commodities finished mixed Wednesday with wheat futures dropping nearly 2% on a technical sell-off. Soybean futures firmed on seasonal strength as the Midwest harvest went down and a jump in Soy Oil tied to an unexpected monthly drawdown in domestic supplies. Corn futures rose after […]

Buy Bitcoin on Your Phone, Square says, “Let’s Do It”

Buy Bitcoin on Your Phone, Square says, “Let’s Do It”

Buy Bitcoin on Your Phone, Square says, “Let’s Do It” $SQ, $CME, $CBOE, $BTCUSD Payments company Square Inc. (NYSE:SQ) said it has started allowing select customers to buy and sell Bitcoins on its Cash app, as it looks to tap into a craze that has sent the cryptocurrency up more than 600 % YTD. Bitcoin […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing New. PE Gold at 1282.10, -0.06% could start up to 1300 next week and move up more by end of this month. Enough room is visible on the Northside, while support at 1260 holds. Silver at 17.05, -0.16% could test 17.25 before coming […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD, $CNY Commentary: USD Under Pressure. PE EUR (Euro) at 1.1792 rose strongly past 1.1745 and The US Dollar (.DXY) Index at 93.82 broke below t support at 94.25-20. The rise in EUR, and the fall in .DXY occurred despite the US PPI rising 0.4% (M-M), higher than the market expectation […]

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed $CORN, $WEAT, $SOYB Chicago agriculture commodities finished mixed Tuesday with Corn futures dropping to a 1-year low, pressured by ample supplies from the nearly completed harvest of the second-largest domestic Corn crop on record. Soybean declined following Corn lower, as improving crop weather in South America added to Bearish sentiment. […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing New. PE Gold at 1275.74 to trade quietly in the 1290-1260 now before moving up sharply above 1300. While long term looks Bullish to me, the price lacks momentum in here, and needs some trigger from movement in the .DXY to motivate. Brent […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD, $CNY Commentary: USD Undecided But Holding Up Under Pressure. PE EUR (Euro) at 1.167  trading higher and might try to test 1.1725-45 Tuesday The US Dollar (.DXY) Index at 94.49 has support at 94.35-20, with chances of new rise towards 95+ in the next couple of weeks, maybe. USD/JPY at […]

Chicago Agriculture Commodities Finished Lower $CORN, $WEAT, $SOYB Chicago agriculture commodities finished lower Monday with Soybean futures falling to their lowest marks in a month, pressured by improving crop weather in South America and chart-based selling. Wheat fell in technical moves amid a lack of news, and Corn fell too, but the lead December contract stayed […]

Bitcoin a Thriving, Anonymous ‘Speculative’ Instrument

Bitcoin a Thriving, Anonymous ‘Speculative’ Instrument

Bitcoin a Thriving, Anonymous ‘Speculative’ Instrument $BTCUSD Bitcoin, whose value has fluctuated significantly this month, remains a “speculative” investment that thrives because of the cryptocurrency’s anonymous nature, BlackRock’s (NYSE:BLK) Larry Fink said Monday. “The reason why it does so well is it is anonymous. It’s anonymous, and it’s cross-border,” Mr. Fink, whose firm oversees nearly […]

Bitcoin: Buyers Return to Market After Deep Dive Monday

Bitcoin: Buyers Return to Market After Deep Dive Monday

Bitcoin: Buyers Return to Market After Deep Dive Monday $BTCUSD Investing and trading in Bitcoin is not for novices or the feint of heart. Bitcoin halted a 2-day correction as speculators saw a 29% dive from its record high as an excessive response to a technology upgrade being cancelled.  The cryptocurrency is currently trading $6,758.9351, […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing New. PE Support at 1270-1260 is holding for Gold at 1276.60, while that holds, an eventual rise to 1300 is possible near to mid term. Sideways trade within 1300-1260 region is seen ahead. Brent Crude at 63.56 seeing 1st resistance 65, which is […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD, $CNY Commentary: USD Undecided But Holding Up Under Pressure. PE The US Dollar (.DXY) Index at 94.53 has been able to maintain its strength from Friday, with all currencies trading weaker Vs USD. Support seen in the 94.35-20 region, with chances of new rise towards 95+ in the next 2 […]

Chicago Agriculture Commodities Finished Mixed on the Week

Chicago Agriculture Commodities Finished Mixed on the Week

Chicago Agriculture Commodities Finished Mixed on the Week $CORN, $WEAT, $SOYB Chicago agriculture commodities finished mixed on the week ended 10 November, with the long-awaited official yield estimates being the Key factor in market ups and downs. The most active Corn contract for December delivery fell 4.75 cents weekly, or 1.36%, to 3.435 bu. December […]

Bitcoin, The Black Swan for Cash

Bitcoin, The Black Swan for Cash

Bitcoin, The Black Swan for Cash $BTCUSD Former Fed Chairman Alan Greenspan does not seem to impressed by Bitcoin, the controversial digital currency some see as a fad and a sham. He compared Bitcoin to the currency issued by the Continental Congress after the American Revolution began. “Bitcoin is what used to be called fiat […]

Gold, Crude Oil and The Saudi Purge

Gold, Crude Oil and The Saudi Purge

Gold, Crude Oil and The Saudi Purge $GLD, $OIL, $RTN The events taking place in Saudi Arabia now threaten to affect the Crude Oil and Gold markets. Saudi Crown Prince Mohammed bin Salman launched an “anti-corruption” crackdown to stamp out corrupt officialls in the Kingdom. In an unprecedented move, Crown Prince Mohammed, 32 anni, has […]

Chinese, US Companies Sign $250-B+ in Business Deals

Chinese, US Companies Sign $250-B+ in Business Deals

Chinese, US Companies Sign $250-B+ in Business Deals $BA, $F, $LNG, $SOYB Chinese and US companies signed deals worth more than $250-B during President Donald Trump’s state visit to China. Thursday, Chinese President Xi Jinping revealed the figure after he and President Trump witnessed the signing of the agreements. China and the United States have […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing New. PE Gold at 1285.34 trying to rise to 1300. But, a rejection from 1290 is possible now, which could push the price to 1280-1270. A rise towards 1300 is possible next week. Brent Crude at 63.78 may trade in the 65-63 range […]

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed $CORN, $WEAT, $SOYB Chicago agriculture commodities finished mixed Thursday with Corn prices falling sharply as a result of raised U.S. yield estimate. The most active Corn contract for December delivery went down 6.75 cents, or 1.94%, to 3.415 bu. December Wheat delivery rose 2.25 cents, or 0.53%, to 4.29 bu. January […]

Bitcoin Developers Suspend Plan to ‘Fork’ the Digital Currency

Bitcoin Developers Suspend Plan to ‘Fork’ the Digital Currency

Bitcoin Developers Suspend Plan to ‘Fork’ the Digital Currency $BTCUSD Bitcoin hit a record high just off of $8,000 Wednesday after a coalition of developers and investors suspended a software upgrade planned for next Thursday that could have split the digital currency in half. Bitcoin is currently trading of that high at $7,150.9648 Vs USD […]

US Soybean Export Council Optimistic about China-US Relationship

US Soybean Export Council Optimistic about China-US Relationship

US Soybean Export Council Optimistic about China-US Relationship $SOYB, $USD, $CNY The US Soybean industry is very optimistic about the future relationship with the Chinese soybean processing and utilization industries. “We expect China’s economy to grow, consumers’ income to increase and urbanization to expand,” Paul Burke, North Asia regional director of US Soybean Export Council […]

Gold and Crude Oil Outlook

Gold and Crude Oil Outlook

Gold and Crude Oil Outlook $GLD, $USO, $OIL Gold remains weak. The technical’s confirms a longer consolidation phase. 1sy upport lies at 1251 (08/08/2017 high). Key resistance now located at 1288. Long-term, the technical’s suggests that there is some growing upside momentum. A clear break of 1392  is necessary ton confirm, a major support can be […]

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed $CORN, $WEAT, $SOYB Chicago agriculture commodities finished mixed Wednesday with Soybean rising for 3 sessions running. The most active Corn contract for December delivery rose 0.5 cent, or 0.14%, to 3.4825 bu. December Wheat delivery fell 0.5 cent, or 0.12%, to 4.2675 bu. January Soybean went up 2.5 cents, or […]

Bitcoin Nears $8000

Bitcoin Nears $8000

Bitcoin has reached a new record high, surging 10 percent, and was trading at $7,888 on the Bitstamp exchange Wednesday after a controversial update to the cryptocurrency’s software was suspended. The bitcoin rate dipped briefly Tuesday, falling below $7,000 due to uncertainty over a new code proposal, Segwit2x, which could have create a competing cryptocurrency, […]

Millennials Rather Bitcoin Than Stocks and Bonds

Millennials Rather Bitcoin Than Stocks and Bonds

Millennials Rather Bitcoin Than Stocks and Bonds $BTCUSD Seen in News headlines, “millennials kill everything from romance to napkins”, but a new survey shows they may be responsible for keeping the Bull run in Bitcoin alive. A survey by venture capital firm Blockchain Capital found that about 30% of those in the 18-to-34 age range would […]

Gold and Crude Oil Outlook

Gold and Crude Oil Outlook

Gold and Crude Oil Outlook $GLD, $USO, $OIL Gold has posted good gains in Tuesday’s session. In North American trade, Gold’s spot price is 1275.19, down 0.53% on the day. On the release front JOLT Job Openings edged up to 6.09%, easily beating the estimate of 5.98-M. Later today, Fed Chairwoman Janet Yellen will speak […]

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed $CORN, $WEAT, $SOYB Chicago agriculture commodities finished mixed Tuesday as investors continued to square positions ahead of Thursday’s supply and demand report from the US Department of Agriculture (USDA). The most active Corn contract for December delivery fell 0.25 cent, or 0.07%, to 3.4775 bu. December Wheat delivery declined by 3.5 […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing New. PE Gold at 1279.64 bounced up from 1st support at 1265 as expected. Range-trade within 1260-1290 is seen for the week with a possible extension to 1295-1300. Note: 1260 is major support as seen on the daily candle, and is […]

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed $CORN, $WEAT, $SOYB Chicago agriculture commodities finished mixed Monday with Wheat gaining more than 1% on short-covering. The most active Corn contract for December delivery fell 0.25 cent, or 0.07%, to 3.48 bu. December Wheat delivery rose 5 cents, or 1.17%, to 4.3075 bu. January Soybean went up 7.25 cents, […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing New. PE Gold at 1269.00 trading above support near 1260, while that holds, see some consolidation in the 1260-1290 region. Till there is some directional clarity on the US Dollar (.DXY) Index, Gold is likely to remain ranged medium term. A […]

Chicago Agriculture Commodities Finished Mixed on the Week

Chicago Agriculture Commodities Finished Mixed on the Week

Chicago Agriculture Commodities Finished Mixed on the Week $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) grains futures finished mixed on the week ended 3 November with Soybean futures higher on technical buying and fund Short covering. The most active Corn contract for December delivery fell 0.5 cents weekly, or 0.14%, to 3.4825 bu. December Wheat delivery […]

Bitcoin, What’s Ahead for the Raging Cryptocurrency

Bitcoin, What’s Ahead for the Raging Cryptocurrency

Bitcoin, What’s Ahead for the Raging Cryptocurrency $BTCUSD, $MSFT, $JPM, $GS, $TM, $CME, $CBOE Bitcoin’s amazing rise YTD has attracted lots of attention, but most institutional investors are still on the sidelines, as regulators have yet to issue comprehensive rules, and corporations are still only testing blockchain technology. Whether Bitcoin matures or crashes will depend […]

Trump’s Fed Chairman Nominee ‘Good News’ for Gold Investors

Trump’s Fed Chairman Nominee ‘Good News’ for Gold Investors

Trump’s Fed Chairman Nominee ‘Good News’ for Gold Investors $GLD, $SLV, $USD President Donald Trump’s selection for the next Chairman of the Fed’s Board of Governors will not alter policy much, and could be good news for Gold investors. Trump’s selection of current Fed Governor Jerome “Jay” Powell follows months of public speculation about the […]

Geopolitics Changed, American Energy Sector in a ‘Revolution’

Geopolitics Changed, American Energy Sector in a ‘Revolution’

Geopolitics Changed, American Energy Sector in a ‘Revolution’ $USO, $OIL, $UGAZ, $UGA US Energy Secretary Rick Perry said that “American energy is in a Revolution.” “That is the real story out there,” Secretary Perry, the former 14-yr Texas Republican Governor, said in an interview Friday. He noted that innovations in hydraulic fracturing and directional drilling […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing New. PE Gold at 1276.80 stable at current marks, and while above 1265-1270, my view remains Bullish. Note on Crude Oil: The resistance seen on the 3-day line is holding for now and could push Brent Crude at 60.78 to 58-55 […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Most currencies are trading at Key Support/Resistance marks now with greater weakness bias seen. PE Sterling (GBP) at 1.3071 despite the 25bpt increase in interest rates by the BOE Thursday, with chances of more hikes to come. Careful now as a further decline from here could signal […]

Chicago Agriculture Commodities Finished Higher

Chicago Agriculture Commodities Finished Higher

Chicago Agriculture Commodities Finished Higher $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) grains futures finished higher Thursday with Corn futures climbing to a 1-week high on bargain buying and improving export demand. Soybean rose for a 2nd day running, and marked a 2-week high as expectations of lower US yields and rising demand from overseas buyers supported […]

Goldman Sachs’ CEO, “We Cannot Dismiss Bitcoin”

Goldman Sachs’ CEO, “We Cannot Dismiss Bitcoin”

Goldman Sachs’ CEO, “We Cannot Dismiss Bitcoin” $BTCUSD, $GS, $JPM, $CME, $GBTC, $AMZN Goldman Sach’s CEO Lloyd Blankfein is keeping his ‘powder dry’ on Bitcoin the fast moving #1 cryptocurrency. The Goldman Sachs Group Inc. (NYSE:GS) Chief says he is not willing to reject the digital currency just yet and does not hold any investments in […]

Gold Under the Right Conditions to See 1900 oz+

Gold Under the Right Conditions to See 1900 oz+

Gold Under the Right Conditions to See 1900 oz+ $GLD The Federal has stated that it would begin winding down its holdings of US Treasury debt and mortgage-backed securities (MBS) in October. The process is somewhat convoluted, with the Fed planning to allow up to $6-B of Treasury debt and $4-B in MBS to mature every month. […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing New. PE Gold at 1279.52 started to rise from 1263 and could test 1285-1290 in the next 2-sessions. A rise towards 1300 looks likely,  could be boosted by a weaker or a stable US Dollar (.DXY) Index near term. Silver at […]

Forex Morning Briefing, Major Pairs, Bitcoin’s Bull Run Continues

Forex Morning Briefing, Major Pairs, Bitcoin’s Bull Run Continues

Forex Morning Briefing, Bitcoin’s Bull Run Continues $BTCUSD Commentary: Nothing New for $DXY, $EUR, $JPY, $GBP, $AUD. PE Bitcoin climbed past $7,000 for the first time, breaching another milestone less than one month after it tore through the $5,000 mark. Thursday, spot pricing for Bitcoin climbed 7.1% to a high of $7,045.46 before pulling back slightly to […]

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) grains futures finished mixed Wednesday with Soybean futures rising to a 1-week high on concerns that the US Department of Agriculture (USDA) might lower its forecast of the domestic Soybean yield in a monthly report next week. Corn firmed along with Soybeans, with firm cash markets […]

Bitcoin, the Angst, the Allure

Bitcoin, the Angst, the Allure

Bitcoin, the Angst, the Allure $BTCUSD, $CME, $CBOE, $GBTC CME,(NASDAQ:CME)  the world’s largest exchange owner reversed course Tuesday and said it plans to introduce Bitcoin futures by the end of Y 2017, just a month after dismissing an earlier plan. Bitcoin, the largest cryptocurrency, which has risen 6X YTD, spiked to a fresh record high […]

China Plays a Role in the Gold Markets, How Important?

China Plays a Role in the Gold Markets, How Important?

China Plays a Role in the Gold Market, How Important? $GLD, $USDCNY China has been accumulating Gold over the past 10 years, and it is also the largest producer of Gold in the world and perhaps the world’s biggest consumers of the precious Yellow metal. The World Gold Council’s (WGC) data for Q-2 Y 2017, says […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing New. PE Gold at 1269.68 stable trading above 1260. A break below 1260 could open up to the Southside to 1240 in November or a bounce from 1260 is the preferred happening now. Silver at 16.73 may test to 16.50 before […]

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) grains futures finished mixed Tuesday with Wheat futures falling to contract lows as technical selling pressure dragged prices lower for a 5th session running. Corn followed wheat downward as harvesting of a bumper US crop progressed, while Soybean ended nearly unchanged. The most active Corn […]

Bitcoin Futures Could Open the Way Into Crypto Markets

Bitcoin Futures Could Open the Way Into Crypto Markets

Bitcoin Futures Could Open the Way Into Crypto Markets $BTCUSD Bitcoin is spiking to a record after CME Group Inc.(NASDAQ:CME) said it’s planning to launch Bitcoin futures as the move could open the way for investors who have been standing on the sidelines as Bitcoin soared over 500% YTD. The cryptocurrency marked a high at […]

Bitcoin Spikes as CME Exchange Announces Futures

Bitcoin Spikes as CME Exchange Announces Futures

Bitcoin Spikes as CME Exchange Announces Futures $BTCUSD, $CME, $CBOE CME Group Inc., (NASDAQ:CME) the world’s biggest exchange operator, plans to introduce bitcoin futures, a development that could help professional traders and investors finally get serious about the cryptocurrency. Bitcoin (BTC/USD) surged to a record high at 6,399.005 after the announcement. The Chicago-based firm, a […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing New. PE Gold at 1275.74 1st support zone is 1260-1240, which is likely to hold near term. Some stable movement with a possible downside extension is possible in early November, then a bounce to 1300 levels. A clear break below 1240 […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Possible USD/JPY fall ahead. PE USD/JPY at 113.08 tapped a low of 112.97, dragging the EUR/JPY at 131.59 lower with it even as EUR at 1.1636 recovered a bit. The dip in USD/JPY may confirms the strength of 114.50-115.00 resistance and opens a further fall to […]

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) grains futures finished mixed Monday with Wheat futures turning lower on forecasts for crop-boosting rains in some areas of Brazil and as technical selling and month-end positioning weighed on the market. Corn was steady and wheat futures fell for a 4th session running, with […]

China Economic Update

China Economic Update

China’s manufacturing sector expanded at a slower but stable pace in October, according to official data Tuesday. The manufacturing purchasing managers’ index (PMI) came in at 51.6, moderating from 52.4 in September and 51.7 in August, according to the National Bureau of Statistics. A reading above 50 indicates expansion, while below reflects contraction. NBS statistician […]

Bitcoin Marks Another Record High, Topping $6000 Each

Bitcoin Marks Another Record High, Topping $6000 Each

Bitcoin Marks Another Record High, Topping $6000 Each $BTCUSD The most widely used digital currency will now cost you about $6,092.71 apiece after blowing past the $5,000 and $6,000 for the 1st time earlier this month. Bitcoin’s total value is just over $100-B, meaning it makes up more than 50% of the overall cryptocurrency market. […]

Bitcoin’s ‘Dividend Play’ the Hot Story Now

Bitcoin’s ‘Dividend Play’ the Hot Story Now

Bitcoin’s ‘Dividend Play’ the Hot Story Now $BTCUSD Speculation about another possible split in Bitcoin is weighing on the value of the hundreds of other digital tokens that have been issued this year as the price of the biggest cryptocurrency soars. Bitcoin’s underlying network is scheduled to go through a major software upgrade in November […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: USD spikes on ECB dovishness. PE Gold at 1267.40 is trading below 1275 and could test to 1260/50 in here. While The US Dollar (.DXY) Index at 94.77 moves above 95, there is scope for weakness in Gold in the near to […]

Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Lower $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) grains futures finished lower on Thursday as a stronger USD made US commodities less competitive. The most active Corn contract for December delivery fell 0.5 cent, or 0.14%, to 3.505 bu. December Wheat delivery went down 3.75 cents, or 0.86%, to 4.3175 bu. November Soybean […]

Banks, Cash Will Be Replaced by Computers & SmartPhones

Banks, Cash Will Be Replaced by Computers & SmartPhones

Banks, Cash Will Be Replaced by Computers & SmartPhones $DIA, $SPY, $QQQ, $VXX Jim Rogers predicts that banks must invest in the financial technology, or “fintech,” or become outdated and replaced. “My children will never walk into a bank when they become adults as by then all the banks along the streets will be replaced […]

Banks Desperate to Stop Cryptocurrencies Like Bitcoin

Banks Desperate to Stop Cryptocurrencies Like Bitcoin

Banks Desperate to Stop Cryptocurrencies Like Bitcoin $BTCUSD, $JPM Recently, Jamie Dimon, CEO of JP Morgan (NYSE:JPM) said publicly that Bitcoin is a fraud that is waiting to blow up. The story came a month after China’s ban on Initial Coin Offer (ICO), an unregulated way of raising financing by cryptocurrency startups. Following the statement, […]

Bitcoin to hit $50,000

Bitcoin to hit $50,000

The price of bitcoin will grow tenfold in the next decade with the cryptocurrency’s market capitalization exceeding a trillion dollars, says an investment analyst who predicted the surge to $5,000 when bitcoin was trading at $2,600. Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. […]

CannaSOS.com ICO Taking Off

CannaSOS.com ICO Taking Off

CannaSOS.com ICO Taking Off CannaSOS.com, the cannabis social network giant, has released a press release earlier this month stating that it will be doing an ICO with its PerksCoin utility token. The company is planning to integrate its utility token in the worldwide canna space with the help of decentralized blockchain technology. More information on […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing New. PE Gold at 1279.39 trading narrow the last 2 sessions. While it trades above 1275, there is room for the price to rise to 1290/95, or a fall below 1275 could bring weakness to Gold. For now the support on the […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: ECB rate fixing on Thursday, 26 October. PE EUR (Euro) at 1.1827 strengthened overnight as the market shies away from going in Short into today’s important ECB meeting where President Draghi is expected to unveil the ECB’s plan on “recaliberating” the ongoing QE. Intra-day range would be […]

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) grains futures finished lower Wednesday despite some moderate early gains boosted by technical buying. The most active Corn contract for December delivery fell 1.75 cents, or 0.50%, to 3.51 bu. December Wheat delivery went down 2.5 cents, or 0.57%, to 4.355 bu. November Soybean remained […]

Singapore Will Not Regulate Cryptocurrency

Singapore Will Not Regulate Cryptocurrency

Singapore Will Not Regulate Cryptocurrency $BTCUSD Singapore does not plan to regulate cryptocurrencies such as Bitcoin, but will remain alert to money laundering and other potential risks stemming from their use, the head of the country’s central bank said. “As of now I see no basis for wanting to regulate cryptocurrencies,” Monetary Authority of Singapore […]

COBINHOOD Completes Successful ICO

COBINHOOD Completes Successful ICO

Today, COBINHOOD, a next-generation cryptocurrency service platform announced the completion of its Initial Coin Offering (ICO). The platform has successfully raised 10 million USD equivalent ETH through ICO. COBINHOOD’s first service is a zero fee exchange with the vision to provide the ultimate trading experience for traders all around the globe. COBINHOOD’s backend team developed […]

China Makes a Move on the USD

China Makes a Move on the USD

China is set to roll out a yuan-denominated oil contract as early as this year. Analysts call the plan, announced by Beijing in September, a huge move against the dollar’s global dominance. The so-called petro-yuan is a “wake up call” for investors who haven’t paid attention to the Chinese plans, according to the head of […]

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