Capital Markets

All Hail Chinese Emperor Xi Jinping: Will He 'Make China Great Again'?

"Chinese history speaks for itself. Absolute power in the hands of a man whose actions are rubber-stamped by a mock-up Congress will not make China great...Wake me up when China has a Bill of Rights granting freedom of speech and protection from unwarranted searches."

"We Don't Know How To Replace The Vast Gold Deposits Of The Past"

"What the industry has not done anywhere near enough is to put money back into exploration... it doesn’t really matter what the gold price will do in the next few years: Production is coming off and that means the upward pressure on the gold price could be very intense..."

Where US Stocks Are Traded Today

The US equity market structure has never been more fragmented, with 12 exchanges, over 40 alternative trading systems, dozens of dark pools, it means that the venerable New York Stock Exchange gets barely 13% of the US stock trading volume.