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CFTC Warns Against Cryptocurrency Pump And Dumps
Thursday, February 15, 2018 - 2:46pmRead More...Cryptocurrency traders were seemingly undeterred Thursday by Commodity Futures Trading Commission publications warning of pump-and-dump schemes. Eighty-nine percent of the top 100 cryptocurrencies trended up on the day, according to CoinMarketCap.com. The CFTC issued a Customer Protection Advisory...
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New Ruling Defines Bitcoin As A Commodity In The US
Friday, September 18, 2015 - 6:19amRead More...The Commodity Futures Trading Commission has cracked down on California-based startup Coinflip Inc. for conducting business without registering with the agency or meeting the criteria to qualify for an exemption. On Thursday, the Commission issued a statement saying that it had filed and...
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Gold ETFs On The Verge Of A Major Breakdown (GLD, GDX, GDXJ)
Tuesday, May 27, 2014 - 2:22pmRead More...The price of gold is falling once again Tuesday, down one percent in early trading to the lowest level since February. Leading Tuesday’s sell-off are the numbers out of China regarding the precious metal. Chinese net imports of gold from Hong Kong fell to 67 tons in April, much lower than...
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Who Is Buying Gold At $1,290 And Why?
Tuesday, May 20, 2014 - 2:50pmRead More...During the last six trading sessions (including Tuesday), gold futures have one familiar theme: A buyer or group of buyers around the $1,290.00 level. It is not difficult to identify that buyers have targeted the area to either bring in shorts or to build a large long position. Of course, for...
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Market Primer: Tuesday, October 22: Nonfarm Payrolls Likely To Show US Was On A Roll Ahead Of The Shutdown
Tuesday, October 22, 2013 - 6:00amRead More...Nonfarm payrolls data for September is due out on Tuesday, almost two months late due to the US government shutdown. The data is expected to show that US job growth increased in September before the political squabbling halted some of the nation’s momentum. Analysts are expecting that...
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Unwinding the Short-Squeeze on the Dollar
Tuesday, May 31, 2011 - 8:32amRead More...According to data reported by the Commodity Futures Trading Commission, investors have been closing bearish bets on the U.S. dollar, which may have been working to drive the dollar higher in recent weeks, reports Bloomberg. The U.S. dollar had declined sharply against other currencies in recent...
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The Squeeze is On! Silver Continues Its Climb (SLV, UDN, JPM, HSBC)
Thursday, April 21, 2011 - 11:08pmRead More...It would appear as though the silver market is in the midst of a short squeeze. The NYMEX futures price of the commodity rose over 4.5% in Thursday's trading action, closing near the highs of the day. The price of silver has now risen for seven consecutive days, and 15 out of the past 17 trading...
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Obama Briefed On Greece And Market Turbulence
Thursday, May 6, 2010 - 8:20pmRead More...President Barack Obama was briefed on the market turbulence and debt situation in Greece today by Treasury Secretary Timothy Geithner and Lawrence Summers. The Obama administration said it supports efforts to provide emergency loans to Greece. Separately, U.S. regulators announced an investigation...
