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Copper Roars, Gold Soars To Record Highs As Metals Hit "History-Making Mode"
Article By:
Tyler Durden
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Monday, May 20, 2024 7:37 AM EDT
While oil remains oddly muted amid yet another middle-eastern shock, the same cannot be said for various precious metals and commodities which are soaring to start the week.
Commodities’ Performance Lead Widens Over Markets In 2024
Article By:
James Picerno
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Monday, May 20, 2024 7:26 AM EDT
Last week’s strong rally in commodities expanded the performance lead for the asset class over the rest of global markets, based on a set of ETFs through Friday’s close, May 17.
In this article: GCC
Crocodile Tears
Article By:
Angry Bear
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Monday, May 20, 2024 7:16 AM EDT
Numerous Americans have found themselves ensnared in analogous predicaments while seeking medical attention. The opacity surrounding healthcare pricing makes it difficult for patients to ascertain the cost of their care upfront.
Forex Today: Gold, Silver, Copper Rise To Fresh Highs
Article By:
Adam Lemon
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Monday, May 20, 2024 7:06 AM EDT
Precious metals have risen strongly to new highs, although the past few hours have seen Gold and Silver give back some of their gains. Gold has reached a new record high at $2450 while Silver has reached a new 11-year high at $32.50.
Alibaba Stock: Forecasting The Rally From The Equal Legs Area
Article By:
Elliottwave Forecast
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Monday, May 20, 2024 4:41 AM EDT
Baba stock ended cycle from the 67.58 low as 5 waves structure. The stock is currently giving us pull back against that low. Equal legs area is already reached at 79.01-75.07. We are aware that pull back can complete any moment.
In this article: BABA
Asia Morning Bites - Monday, May 20
Article By:
ING Economics
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Monday, May 20, 2024 4:18 AM EDT
China’s loan prime rates and Taiwan’s export order data will be released today. US Treasury yields crept higher again on Friday. The 2Y yield rose 2.9 basis points while the 10Y rose 4.5bp to 4.42%.
Portable Alpha: Increased Returns With Reduced Risk
Article By:
AllAboutAlpha
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Monday, May 20, 2024 4:04 AM EDT
In theory, holding hedge funds plus equity index total return swaps provides an expected return of 11.0% (Equity total return swap expected return + hedge fund expected return), versus 7.5% for traditional active equity.
Uranium Stocks Surge On The Back Of $3.4 Billion In Funding
Article By:
Quad 7 Capital
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Monday, May 20, 2024 3:48 AM EDT
Uranium producers including Cameco and Denison Mines are surging Friday following news that the U.S. government will ask companies to bid next month on contracts for as much as $3.4B of domestically produced nuclear reactor fuel.
Vietnam Loses Huge Amount Of Aid, Foreign Capital Withdraws, Exchange Rate Depreciates
Article By:
EqualOcean
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Monday, May 20, 2024 3:31 AM EDT
On May 17, the UN, the World Bank and Western donors told the Vietnamese government in a letter that the country has lost at least $2.5 billion in foreign aid in the past three years and could lose another $1 billion due to administrative paralysis.
Weekly Market Pulse: Ch-Ch-Changes
Article By:
Joseph Calhoun
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Monday, May 20, 2024 3:15 AM EDT
There were two important inflation reports last week. The Producer Price Index, showed inflation hotter than expected in April. The YOY change bottomed in June of last year at just 0.3% and has been rising steadily since then. It now stands at 2.2%.
The Inflationary Energy Transition
Article By:
Simon Lack
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Sunday, May 19, 2024 9:30 AM EDT
Ominously for President Biden, opinion polls consistently show voters are unhappy with his economic stewardship. The surge in inflation in 2022 didn’t help, but after believing it to be transitory the Fed responded and it’s now back down.
The Media Are Going Nuts On Tariffs, Why Are They Fine With Government-Granted Patent Monopolies?
Article By:
Dean Baker
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Sunday, May 19, 2024 9:00 AM EDT
There have been numerous pieces in major media outlets in recent days on the death of free trade which have been centered on the Biden administration’s use of tariffs to protect the U.S. market from Chinese EVs, solar batteries, and other products.
In this article: UDN
Expect More Inflation No Matter Who Wins The Election
Article By:
Mish Shedlock
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Sunday, May 19, 2024 7:41 AM EDT
For many reasons, the Fed will struggle to contain inflation. Part of the Fed’s struggle is deficit spending and interest on the debt.
Tax The Rich!
Article By:
Angry Bear
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Sunday, May 19, 2024 7:15 AM EDT
I was a graduate student in a STEM program when Reagan was elected and the Laffer curve was used to justify tax cuts.
Dow Jones Industrial Average Closes Above 40,000 In Quiet Friday Climb
Article By:
FXStreet
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Sunday, May 19, 2024 7:06 AM EDT
The Dow Jones Industrial Average closed above the 40,000.00 major handle for the first time ever after markets wound down a hectic trading week that saw rate cut hopes return to the forefront after US CPI inflation eased to a three-month low.