Author: Admin
China’s refineries processed 60.83 million tons of Crude Oil in November, up 4% from a year ago but slightly below October’s daily rate. Stronger output at independent refineries offset slower production at state-owned facilities due to maintenance. December will be crucial for matching last year’s record processing levels, Commerzbank’s FX analyst Michael Pfister notes. Independent refineries offset state-owned maintenance slowdown”Refineries in China processed 60.83 million tons of Crude Oil in November, as reported by the National Bureau of Statistics (NBS) at the beginning of the week. This corresponds to 14.82 million barrels per day. Crude Oil processing was thus 4%…
Fed governor Stephen Miran and New York Fed President John Williams say they are not worried about inflation.
Historically, March through June is the worst seasonal period for gold and silver prices. From 2004 to 2023, the average month-on-month rate of return on gold priced in U.S. dollars is as follows: March -0.03%, April -0.2% and June -0.25%. This year, however, the price of gold rose 13.8% from $2,054 at the end of February to $2,338 at the end of June over those three months. The silver price rose 29% over the same three-month time period. Gold & Silver Defy Seasonal Price Patterns Two key factors could have enabled gold and silver prices to defy the monthly seasonal…
When you need money urgently, several loan options can cross your mind. While searching through a myriad of options, you will find one loan type that is easy to get. But here’s a catch: not all loans are the same, and some of them come with more risk than you can imagine. A gold loan is one of the safest options for short-term borrowing, especially when compared to unsecured loans, and will continue to grow in popularity for its seamless process and quick disbursals. What is a Gold Loan? A gold loan is quite simple. You bring in your gold…
Final Full Trading Week of the Year Until Christmas As markets enter the last full trading week of the year, many traders treat it like business as usual. But seasoned professionals know that the pre-Christmas period follows its own playbook. Liquidity thins as the week winds on, real-money flows dominate, and market behavior becomes anything but predictable. Understanding these dynamics can help traders avoid unnecessary risks and capitalize on unique year-end opportunities. A Pre-Christmas Market Driven by Real-Money Flows Unlike typical trading weeks where speculation and new positioning drive price action, the final trading stretch before Christmas is shaped…
Stocks slid on Friday, led by a sharp decline in the tech sector, as investors continue a “rotation trade” out of AI stocks.
Ukraine’s President Volodymyr Zelenskiy offered to drop its long-held ambition of joining NATO as he held five hours of talks with US envoys in Berlin on Sunday to end the war with Russia, with talks expected to resume Monday, Reuters reported on Sunday.Trump’s envoy Steve Witkoff said “a lot of progress was made.”The move marks a major shift for Ukraine, which has fought to join NATO as a safeguard against Russian attacks and has such an aspiration included in its constitution. It also meets one of Russia’s war aims, although Kyiv has thus far refused to cede land to Moscow.Market…
The investor Steve Eisman said he has breast cancer and is undergoing treatment for the disease.
Is Bitcoin Really a Currency or a Ponzi Scheme? Bitcoin Trading When cryptocurrencies first appeared on the scene, it was easy to dismiss them as a passing fad. The idea of a digital asset with no government backing, no physical form, and no established role as a medium of exchange felt at best speculative and, at worst, similar to a Ponzi-like financial scheme. Although my skepticism about crypto as a true currency hasn’t changed, the market clearly disagrees. Prices have surged, collapsed, and surged again. Bitcoin alone jumped more than 35% this year to above $126,000 before erasing the…
President Trump said he was leaning toward choosing either Warsh or Kevin Hassett to succeed Fed chair Jerome Powell.