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DRA listing frustrated after Oppenheimer family wins court injunction in Australia

SOUTH Africa’s Oppenheimer family on Friday scotched plans for a buy-back of shares in its mining engineering investment, DRA Global – a development that frustrates the firm listing plans. The Federal Court in Perth ruled that the buy-back of shares, which are largely held employees, could not proceed, largely on technical grounds. The buy-back was […]

Minneapolis Rioter: "We're Gonna Start Coming To The Suburbs"

Authored by Paul Joseph Watson via Summit News, A man interviewed on camera during last night’s chaos in Minneapolis warned that rioters are planning on “coming to the suburbs” if they don’t get what they want. The twin cities were once again rocked by a night of absolute bedlam as more stores were looted and […]

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Fed’s Balance Sheet Exceeds $7 Trillion for First Time in History

Submitted by Taps Coogan on the 22nd of May 2020 to The Sounding Line. Enjoy The Sounding Line? Click here to subscribe. The Fed’s balance sheet jumped by another $103 billion over the past seven days (ending Wednesday the 20th), pushing it above $7 trillion for the first time in history. The Fed has now […]

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Small Businesses Are In Big Trouble

Retail Trading Explosion Let’s discuss the spike in retail trading activity. It is one of the hottest topics on Wall Street/financial Twitter and because I have a variant opinion. As you can see from the chart below, the combined E-Trade and TD Ameritrade DARTs, which is daily average revenue traders, has gone vertical.  A great […]

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Record Robinhood Positions (Retail Is Buying The Dip)

Robinhood Traders Are Everywhere Some say the popularity of the Reddit page Wallstreetbets was the signal retail investing was overheated. It’s always tough to say when a market is overheated because rallies can always keep going longer than you expected. That’s why I look at the fundamentals, the economy, and valuations to formulate my opinion.  […]

HR 6666: Illinois Democrat Introduces $100 Billion Contact Tracing Bill

Illinois Democratic Rep. Bobby Rush has introduced the H.R. 6666 TRACE Act, which includes a $100 billion grant program which would authorize the Secretary of Health and Human Services to create an army of contact tracers operating through healthcare, schools and nonprofit entities, who would perform COVID-19 diagnostic testing “through mobile health units and, as […]

96 Biggest Movers From Friday

Gainers Fuel Tech, Inc (NASDAQ: FTEK) shares climbed 93.6% to close at $0.91 on Friday after the company reported FUEL CHEM® demonstration orders from two new industrial power customers. Protagonist Therapeutics, Inc. (NASDAQ: PTGX) rose 83.7% to close at $14.20. Protagonist reported initial Phase 2 results with hepcidin mimetic PTG-300 as a treatment for the […]

As Markets Crashed, The Swiss National Bank Went On A FAAMG Buying Spree

It used to be a running joke among traders that when markets crash, central banks step in – either directly or in the case of the Fed indirectly via Citadel – and buy stocks to prop up the market and short up confidence. That joke is now the truth. Now that the Fed is openly […]

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THE END OF A U.S. OIL GIANT: ExxonMobil’s Days Are Numbered

Total11 2 9 ExxonMobil, the largest oil company in the U.S. and a direct descendant of John D. Rockefeller’s Standard Oil, days are numbered.  The once-great profitable oil giant is now borrowing money just to pay dividends.  How long can this charade go on? Good question.  Now, some may believe that ExxonMobil was forced to […]

Fed Drastically Slashed Helicopter Money For Wall Street Qe Down 86 From Peak Week In March

CASHLESS SOCIETY 2020: Bill Gates Goes Viral on Digital ID and Digital Currency

This may be my most important article to date. Bill Gates went viral in several controversial interviews last month, advocating mandatory digital ID as proof of coronavirus vaccination as soon as a vaccine is available. The proof will be required, if Gates has his way, before anyone is allowed in large public gatherings. Gates has […]

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A New Day Has Dawned for Gold and Silver

Most resource sector writers (including me) have for a long time been “wrong” about gold and silver. When they ran from $250 and $5 an ounce, respectively, to $1,920 and $49 in 2011, those who listened, acted, and sold a bit did quite well. We argued the “longer time bullish case” as these metals dropped […]

There Is Now A Record 375 Million Barrels Of Oil Stored On Tankers

Last weekend we showed that as oil storage on land was rapidly filling up, a familiar sight was seen off the coast of Asia’s oil hub in Singapore: a record surge in tankers on anchor used as seaborne storage, and taking advantage of the supercontango just waiting for oil prices to rebound so they can […]

As We Mull Leaving Lockdown, Is Sweden Model the Way Forward?

Authored by Christina Ramirez, fist published in Real Clear Politics, In most countries in Europe and North America, governments have imposed lockdowns of their populations and economies. At first glance, this strategy would seem to strike a reasonable, if painful, bargain: pay the price of (hopefully temporary) limits on civil liberties and economic recession (if […]

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The Importance of a Dollar SWAP Line

“Hoping for the best, prepared for the worst, and unsurprised by anything in between.” Maya Angelou, from I Know Why the Caged Bird Sings An engineer is trained through university and in the workforce to apply failure modes and safety factors into their designs. It doesn’t matter if it’s a structure, a circuit, a chemical or […]