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Trading Ideas

Price of Gold per Ounce Jumps in Today’s Market

If you love volatility, you likely own stakes in some hedges.
Because we all know that the bulls can’t win every day.
These hedges can be bonds, cash, puts or precious metals.
And the latter is what we’re going to dig into today.
Precious metals are enjoying glittering performances in 2019.
Even the investors’ favorite, gold, has gained nearly 17%!

That puts it ahead of the Dow Jones Industrial Average and right in line with the performance of the S&P 500.
Now, during the difficult six-year bear market in precious metals, gold really wasn’t worth talking about.
Everyone wanted to know when gold was going to get its …read more […]

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Business News

Oil steady, retraces losses on talk of Brexit deal, hints of OPEC supply restraint

Oil prices were narrowly mixed on Tuesday, retracing early losses on optimism about a potential Brexit deal and signals from OPEC that further supply curbs are possible, but prices remained under pressure from U.S.-China trade worries and concern about swelling U.S. crude inventries.

…read more […]

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Trading Ideas

Buffett's Berkshire seeks Fed leeway to boost BofA bet – Bbg

Warren Buffett’s Berkshire Hathaway Inc is seeking permission from the Federal Reserve to boost its stake in Bank of America Corp above the 10% level, Bloomberg reported on Tuesday. Shares of BofA were up 3% after the report came out. Berkshire, which has a 9.96% stake in BofA, filed an application with the Fed in recent weeks making a variety of assurances that it will passively invest in the bank, the report said https://bloom.bg/2ISBQEW citing a copy of the application provided by the regulator. …read more […]

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Trading Ideas

Hedge Funds Have Never Been This Bullish On HUYA Inc. (HUYA)

Hedge funds run by legendary names like George Soros and David Tepper make billions of dollars a year for themselves and their super-rich accredited investors (you’ve got to have a minimum of $1 million liquid to invest in a hedge fund) by spending enormous resources on analyzing and uncovering data about small-cap stocks that the […] …read more […]

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Trading Ideas

Warren Buffett Seeks Fed Leeway to Boost Stake in Bank of America Past 10%

(Bloomberg) — Warren Buffett’s Berkshire Hathaway Inc. is seeking permission from the Federal Reserve to potentially increase its stake in Bank of America Corp. to more than 10%, a level that often triggers a regulatory review. The bank’s shares rallied.Berkshire, which disclosed in July that it had hit that threshold, filed an application with the Fed in recent weeks making a variety of assurances to show that it will passively invest in the bank, according to a copy of the application provided by the regulator.Berkshire “may decide to purchase additional shares of common stock of Bank of America based on …read more […]