Monday, the Fed said that it will begin buying individual corporate bonds under its Secondary Market Corporate Credit Facility, an emergency lending program that to date has purchased only ETFs. Saying it will follow a diversified market index of US corporate bonds created expressly for the facility. The Fed built the index internally, itd detail […]
$DIA $SPY $QQQ $RUTX $VXX Just In: Southeast Asian stock markets inched higher Monday, tracking global equities that gained due to a slowdown in coronavirus-related deaths and new infections Last Week’s US Stock Market View Technical Analysis: The action in the major US stock indexes over the past few sessions was almost identical as large-cap […]
$DIA $SPY $QQQ $RUTX $VXX US stocks spiked 9%+ as President Trump joined reassured investors that he is stepping up efforts to protect the economy from the coronavirus fallout. All 3 major US stock market indexes rose 9%+, as President Trump declared a national emergency to help combat the virus and said the private sector […]
$RING, $GDX, $GLD, $SLV Investing in gold and silver miners paid off this month for investors in equity ETF (exchange-traded funds). BlackRock Inc.’s iShares MSCI Global Gold Miners ETF, known as RING returned almost 14% in August, more than any other unleveraged stock fund in the US. Close behind, with gains approaching 13%, are 2 […]
$GLD, $SLV, $USD, $XAU, $XAG Gold rose more than 1% Tuesday as fears of a possible recession gripped investors following disappointing US economic data, while silver marked $18 for the 1st time in nearly 2 years. Spot gold was up 1% at $1,540.57 oz at 1:41p EDT (1741 GMT), US gold futures for December settled […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: This Bull market has more room to Run, retail investors still on the sidelines. As investors bet on strong returns in cyclical sectors, they are also confident that US stocks at large will continue their historic Bull run. That run could be extended, we believe, as investors who remain […]
FLASH: Faced with continuing economic growth and below-target inflation, the Fed should keep policy on hold at its May FOMC meeting. The Fed is expected to hold interest rates steady at its policy meeting this week as policymakers balance recent stronger-than-expected US economic growth Vs weak inflation. Officials have given no signal in recent weeks […]
$TSLA Tesla’s (NASDAQ:TSLA) share price was nowhere near the necessary mark to help convert its $920-M in bonds to stock even before CEO Elon Musk’s recent incendiary Tweets. And so Mr. Musk’s contentious Tweets killed any last-minute hopes that a miracle rally is in the offing. His struggling EV company is on the hook to […]
Dow Jones’ Earnings are at Record Highs Vs the Price of Gold $DIA, $SPY, $QQQ, $GLD, $SLV The DJIA is seeing action, on Wednesday, the day after the mid-term elections it advanced by 2.13% from its prior day’s closing price, it was the 4th day of extreme volatility since early October. Everyone was happy about […]
Buy the Dip: “Fed has the Market’s Back” $DIA, $SPY, $QQQ, $RUTX, $VXX Investors should take advantage of this market pull back, the deepest in 3 years to position for a year-end rally as fears over Fed Hawkishness are likely overdone. While catalysts cited behind the Southside action ranged from peak earnings growth to trade […]
Bonhams Fine Watches and Wristwatches Sale London Bonhams Fine Watches and Wristwatches sale took place on 20 June, and saw an impressive 80% of lots sold, achieving a total of £1,840,438 overall. The Top lot of the sale was the Rolex Paul Newman Cosmograph Daytona Ref: 6262/6239 which far exceeded its pre-sale estimate of £150,000-180,000, […]
Looking at the DJIA Vs Gold and Silver Long Term $DIA, $GLD, $SLV, $MTAFF It is time to reduce exposure to Wall Street and shift the proceeds into Gold, Silver, the precious metals mining companies and the royalty streamers. Let us have a look at the 21st Century Bear markets. The high-tech dot.com bubble ultimately deflated […]
US Economy Strong, Interest Rates Will Rise $VXX Thursday, New York Federal Reserve President William Dudley said that as long as the US economy continues to grow above trend this year, he would be in favor of another interest rate rise at the US central bank’s upcoming meeting in March. “As long as I am […]
Fortescue Metals Group Limited (ASX:FMG) Trading Outlook Overall, the bias in prices is: Downwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the downside. By the way, prices are vulnerable to a correction towards 5.29. The projected upper bound is: 5.22. The projected lower bound […]
Things Change When Bond Yields Begin to Rise $DIA, $GLD, $SLV Last week the DJIA closed at new all-time highs, with Friday’s close being just a whisker from making it 5 days in a row. Looking at the daily closes for the Dow Jones (Blue Plot below) with its 52Wk High Line (Green Plot), since […]
Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights Fortescue Metals Group, the world’s No.4 iron ore miner, is looking to diversify its business by investing in energy infrastructure and exploring for gold and base metals, the head of the Australian company told Reuters on Wednesday. Chief Executive Neville Power who is due to step down in […]
Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights Fortescue Metals Group chief executive Nev Power will step down in February after seven years in charge of the mining company. The world’s forth-biggest iron ore exporter said Mr Power’s decision was consistent with its long-term succession plan to enter a period of growth in other business opportunities. […]
Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights Fortescue Metals Group, the world’s fourth largest iron ore exporter, said on Friday its chief executive Nev Power would step down in February after seven years in the role. The Australian mining group did not name a successor but said it was confident of finding a replacement for Mr […]
Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights Mr Power said Fortescue is “reviewing proposals right now” for solar, and for the extension of the gas and power distribution grids near its operations as it sought to improve efficiency and environmental performance of energy supply for its mines. “They are the three key areas that we […]
Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights Fortescue Metals Group insists its new, more generous, dividend policy will be dependable despite the inevitable gyrations of the iron ore market. The company on Monday announced it would triple its full year dividend to 45 cents per share (Australian dollars) compared to last year and that it […]
Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights Vito Forte will next month join Edith Cowan University as its chief information officer. Until early 2015, Forte was CIO at Fortescue Metals Group before ending his four-year tenure for a position at Oracle. Prior to his stint at the resources company he was the IT chief at […]
Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights Nev Power, CEO at Fortescue Metals Group, wants to quash the wild swings in iron ore prices. Speaking at the Diggers & Dealers mining forum in Kalgoorlie, Western Australia, Power said the extreme swings in iron ore prices were being amplified by speculative futures trading, suggesting that it […]
The Trump Rally Extends, DJIA Marks Its 8th Straight Record High $DIA, $SPY, $QQQ, $VXX The DJIA (Dow Jones Industrial Average) ended on its 8th straight record high Friday, with gains in banks after the NFPs data showed US employers hired more workers than expected in July. The strong jobs report may help clear the […]
Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights Fortescue Metals’ future dividend is in the spotlight right now amid growing expectations the board will increase its annual payout to put its surplus cash to work. The resurgent iron ore major delivers its annual numbers on August 21 and a growing number of analysts believe the company […]
Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights Iron ore miner Fortescue Metals Group says it can get its cash costs to as low a $US11 a tonne in the 2018 financial year, after slashing costs by 15 per cent across 2016-17. Fortescue said on Thursday it had shipped 44.7 million tonnes in the quarter, taking […]
Fortescue Metals Group Limited (ASX:FMG) Trading Outlook Overall, the bias in prices is: Downwards. Short term: Prices are moving. Intermediate term: Prices are trending. By the way, prices are vulnerable to a correction towards 5.31. The projected upper bound is: 5.36. The projected lower bound is: 4.63. The projected closing price is: 4.99. FORTESCUE FPO […]
Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights Fortescue Metals Group is set to appeal against a native title ruling which could force the company to pay millions of dollars in compensation for its Solomon Hub mine in WA’s Pilbara region. The Federal Court has granted native title to 2,700 square kilometres of land in the […]
Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights THE Federal Court has found a major indigenous group in the Pilbara is entitled to exclusive native title rights over land on which Fortescue Metals has built its Solomon iron ore mine. It paves the way for a potentially massive compensation claim against the company founded by chairman […]
Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights Andrew Forrest’s Fortescue Metals Group has flagged it will add the capacity for another 20 million tonnes a year of iron ore production when it develops its next Pilbara mine, just two years after it led a controversial campaign for Australia’s big iron ore producers to cap their […]
Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights If the Australian Rugby Union want to kill the Western Force, they are going to have to defeat the riches of mining magnate Andrew Forrest first. The Force’s bid for survival received a massive boost on Saturday when Forrest pledged to do everything within his powers to help […]
Fed’s Plan to Cut Bond Holdings Could Be “Very Disruptive” $DIA, $SPY, $QQQ, $VXX JPMorgan Chase & Co’s (NYSEJPM) Chairman, Jamie Dimon, said Tuesday that the unwinding of Fed’s bond-buying programs is an unprecedented challenge that may be more disruptive than people think. “We’ve never have had QE like this before, we’ve never had unwinding […]
Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights Fortescue Metals Group Limited share price falls 5% There is mounting speculation Australia’s third force in iron ore, Fortescue Metals Group, will hit the top end of its annual export guidance, and possibly exceed it, after a strong end to the year. But the price FMG receives for […]
Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights Truck drivers will soon be all but a thing of the past at Fortescue Metals’ Pilbara iron ore operations, with the Andrew Forrest-led company unveiling plans to become the first miner to fully automate the majority of its haul-truck fleet. Fortescue, which operates 56 self-driving trucks at its […]
Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights The Fortescue Metals Group Limited (ASX: FMG) share price fell 4.6% to $4.52 today at around a six-month low as the iron ore price continues to drift lower. According to the Metal Bulletin iron ore currently sells for around US$56.40 a tonne which is around one quarter lower […]
Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlight Fortescue Metals G (NASDAQ:FSUGY) has earned a consensus recommendation of “Hold” from the six brokerages that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation […]
Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights Fortescue Metals Group has launched a bond offering for US$1bn of senior unsecured notes. Proceeds from the issue will be used to pay down debt. Iron ore magnate and philanthropist, Andrew Forrest and his wife Nicola, have announced Australia’s largest philanthropic donation of $400 million for a variety […]
Bond Trader Signaling Coming Inflation The rout in the fixed-income arena deepened into the worst in 15 years as traders sounded the alarm on inflation amid speculation US President Elect Donald Trump’s spending pledges will boost economic growth. Yields on benchmark 10-year US Treasuries posted their steepest back-to-back weekly increase since Y 2001, and a bond-market […]
Post Election Bond Sell Off Continues, USD Surges $DIA, $SPY, $QQQ, $VXX Commentary: The US Dollar (.DXY) Index is up 0.26% to 100.48 today as the probability for a vote to hike rates at the 13-14 December FOMC meeting moved to a near certainty. Higher policy rates at the Fed should encourage capital to flow into […]
Recession Looms, Bond Bulls Charge Ahead $DIA, $SPY, $QQQ, $VXX Bond investing has been hugely profitable with central banks like the Fed, ECB, BOE and BOJ driving debt values higher for as long as anyone can remember. And Bond Bulls can expect even more gains ahead as governments desperately try to stimulate economic growth with […]
Strengthen Your Bond with Your Dog, Enter a New ‘Universe’ Research shows the bond between a person and a dog is similar to the bond experienced between infant and parent. Author Caroline Knapp described the sometimes-surreal experience of bonding with a dog, it is the essence of why so many of us open our homes, […]
EURUSD, USDJPY Forex Technical Analysis (Daily) EURUSD Euro Current mark – 1.1085 EURUSD: Current pullback after 1.1120 peak should be considered corrective, preceding another rise towards 1.1190 resistance area. Key support lies at 1.1030-40. Resistance Support intraday intraweek intraday intraweek 1.1120 1.1190 1.1030 1.0910 1.1190 1.1415 1.0960 1.0820 USDJPY Japanese Yen Current mark- 103.86 The sell-off […]
Saudi Arabia Engaged HSBC Banker to Manage Bond Sale Fahad Al Saif has become the 2nd HSBC banker to be appointed to a government role in recent months It was reported Tuesday that Saudi Arabia has engaged HSBC Holdings banker Fahad Al Saif to start a debt management office responsible for the Kingdom’s 1st international […]