• BullionStar
    05/30/2016 - 21:24
    The US Gold Market is best known as the home of gold futures trading on the COMEX in New York. The COMEX has a literal monopoly on gold futures trading volumes worldwide, but very little physical...

Enron

Tyler Durden's picture

CEO Of Asia's Largest Commodity Trader Unexpectedly Resigns





We have tracked the problems of recently junked Noble Group - Asia's largest commodity trader - extensively over the past year. Then, moments ago things finally turned serious for the company, announced moments ago on the Singapore stock exchange, not only is CEO Alireza resigning, to be replaced by William Randall and Jeff Frase as co-CEOs, but the company will also begin the sale process of its Noble Americas Energy Solutions, one of its star assets, in a deal that will generate "significant cash proceeds", which is the best confirmation just how desperate for cash the company truly is.

 
Tim Knight from Slope of Hope's picture

Evil, Incorporated





I hope I live to see the day when all the present-day darlings that have sold their souls for money are finally exposed for what they are. The men behind Enron were, and in those days people wondered why it took society so long to wake up

 
George Washington's picture

Obama: Worst President In U.S. History?





You Won't Believe His List of "Accomplishments" ...

 
Tyler Durden's picture

Cycles, Bounces, & The Only Question That Matters





Unfortunately, when central-planners "drag forward" future consumption today, you leave a "void" in the future that must be filled. That future "void" continues to expand each time activity is dragged forward until, inevitably, it can not be filled. This is currently being witnessed in the overall data trends as seen in the deterioration in corporate earnings and revenues. The only question is whether Central Banks can continue to support asset prices long enough for the economic cycle to catch up. Historically, such is a feat that has never been accomplished.

 
Tyler Durden's picture

The Hits Just Keep On Coming: Valeant CEO To Tesity Under Oath, Following Accusation Of Merger Agreement Violation





It's been a terrible month for investors in Valeant (and Pershing Square) and it is about to get even worse following news that the outgoing CEO of the troubled company, which is under scrutiny for dramatically hiking the price of older drugs, has been summoned to testify at a U.S. congressional hearing on April 27, the panel said on Monday.

 
Tyler Durden's picture

"Why We Need To Beat Russia"





Only Gold has the history, depth, unique qualities, loyalty of the elite and transitional power to challenge any man, any nation, any system on earth, past, present and future. The Dynasties understand this, because they have both witnessed and authored this axiom across generations of asset accumulation. As the sand peters past the last curve of the hour glass the Dynastic hand is clear to see. So the Neo-cons need to beat Russia, and soon, as only Globalism can keep the markets enchained.

 
Tyler Durden's picture

The 7-Deadly Investing Sins





Individuals are long term investors only as long as the markets are rising.

 
ilene's picture

Complete and Utter Scam: Oil Prices





Where did the fake orders for 191,000,000 barrels of oil (1,000 per contract) go?

 
ilene's picture

Oil Fears Spook Investors (Again)





Short-term, oil prices are a function of sentiment and manipulation. Here's how that works. 

 
Tyler Durden's picture

Someone Is Trying To Corner The Copper Market





It may not be as sexy as gold and silver, but sometimes even doctor copper needs a little squeeze and corner love as well, and according to Bloomberg, that is precisely what someone is trying to do. One company whose identity is unknown, is "hoarding as much as half the copper available in warehouses tracked by the London Metal Exchange."

 
EconMatters's picture

EIA Report Shows No Sign Yet of U.S. Production Cuts





Thus we are treading water for about a year at this 9.2 million barrels per day level, but that just isn`t going to cut it considering the drop in spot prices of crude oil.

 
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