Gold Miners Looking for New Partners

Gold Miners Looking for New Partners

FLASH: World’s Gold miners seek merger opportunities $GLD, $GOLD, $CS A move by the world’s biggest gold miners to get bigger adding new vigor to an industry that failed to inspire investor support in Y 2018. The mega-merger mania now under way for Newmont Mining Corp., Barrick Gold (NYSE:GOLD) and Goldcorp will result in some […]

Wealth Manager UBS Suffers Huge Withdrawals

Wealth Manager UBS Suffers Huge Withdrawals

$UBS, $CS UBS Group (NYSE:UBS) warned that the worst may not be over after clients pulled $13-B in assets during a market correction in the last 3 months of Y 2018. Increased volatility, rising protectionism and geopolitical tensions are still weighing on investors, which will hit wealth and asset management revenue in Q-1, the Zurich-based […]

Fed Made ‘Policy Mistake’, President Trump Not Likely to Sack Powell Yet

Fed Made ‘Policy Mistake’, President Trump Not Likely to Sack Powell Yet

$SPY, $WFC, $CS Wells Fargo (NYSE:WFC) cut estimates for stocks next year on concern the Fed is making policy mistakes that will dampen US economic growth. Chris Harvey, head of equity strategy at the bank, cut his year-end target for the S&P 500 Index to 2,665 from 3,079. While the new forecast represents a 10% […]

Arcane Financial Products That Track VIX Questioned

Arcane Financial Products That Track VIX Questioned

Arcane Financial Products That Track VIX Questioned $CBOE, $VXX, $CS, $NMR Wall Street’s most widely followed ‘fear gauge’ of future stock market volatility is being manipulated, causing billions of dollars in losses a year to unwary investors, a law firm representing an “anonymous whistleblower” alleged in a letter to US financial regulators and released Monday. […]

Trading in Volatility ETFs Halted at Fidelity

Trading in Volatility ETFs Halted at Fidelity

Trading in Volatility ETFs Halted at Fidelity $SVXY, $XIV, $ZIV Just 3 days after the collapse of an exchange-traded note betting on low volatility, Fidelity Investments said it moved to protect client/investors from these highly leveraged products. The fund giant is halting customer purchases of 3 volatility-focused ETFs (exchange traded funds) a company spokesman, said […]

Fed’s Plan to Cut Bond Holdings Could Be “Very Disruptive”

Fed’s Plan to Cut Bond Holdings Could Be “Very Disruptive”

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 […]

A Positive Look at 3 Key Players in Metals & Mining Industries

A Positive Look at 3 Key Players in Metals & Mining Industries

A Positive Look at 3 Key Players in Metals & Mining Industries $CS, $AEM, $SLW, $TECK A new Credit Suisse report takes a positive stance on some Key players in the metal and mining industries. Overall the CS analysts see improving apparent demand trends, accelerating global growth, positive earnings revisions and debt reduction as Key […]