• GoldCore
    01/13/2016 - 12:23
    John Hathaway, respected authority on the gold market and senior portfolio manager with Tocqueville Asset Management has written an excellent research paper on the fundamentals driving...
  • EconMatters
    01/13/2016 - 14:32
    After all, in yesterday’s oil trading there were over 600,000 contracts trading hands on the Globex exchange Tuesday with over 1 million in estimated total volume at settlement.

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JPM Reports Perfect Trading Quarter, Makes $112 Million In Average Daily Trading Revenue

quarter of trading perfection. No such worries for JP Morgan, which just reported that it lost money on ... Following yesterday's news that Bank of America's D-grade traders eked out a perfect trading ... "trading perfection" days... Zero Hedge,Zerohedge,Finance,Economics,Markets,Politics,Analysis ...

Story - Tyler Durden - 05/06/2011 - 07:15 - 49 comments - 0 attachments

JPMorgan Joins "Perfect 10" Club With Flawless Trading Quarter, Morgan Stanley Loses Money On Just 4 Days

(Goldman Sachs, goldman sachs, Morgan Stanley, Prop Trading, Reality) Yesterday we discussed the statistically impossible trading desk results of Goldman Sachs, which reported in its 10Q that it lost money on exactly 0 days last quarter, and was profitable on 63 out of 63 days. Today we find ...

Story - Tyler Durden - 05/11/2010 - 12:40 - 70 comments - 0 attachments

Rigged-Market Theory Scores a Perfect Quarter

America this week each said its trading desk made money every day of the first quarter. Goldman said its daily net trading revenue topped $100 million 35 times last quarter out of 63 trading days. JPMorgan and ... too-big-to-fail bank’s traders were able to make money every day of a quarter, were they really trading in any ...

Story - Tyler Durden - 05/13/2010 - 01:57 - 62 comments - 0 attachments

JP Morgan Says It Had A Perfect Trading Second Half In 2010, Lost Money On Just 8 Days In 2010, Made Money On 96.9% Of Trading Days

them at any price), here is the reason: JPMORGAN RACKS UP THREE PERFECT TRADING QUARTERS IN 2010 JPMORGAN TRADERS HAD PERFECT SECOND HALF, BANK SAYS JPMORGAN TRADERS LOST MONEY 8 DAYS IN 2010, DOWN FROM ... (Bank of America, Bank of America) For those wondering why nobody wants to trade ever ...

Story - Tyler Durden - 02/15/2011 - 13:49 - 144 comments - 0 attachments

The Fixed Income Bloodbath Continues: Wall Street Harbinger Jefferies Reports Another Terrible Bond Trading Quarter

quarter ago, things for Jefferies imploded when the firm which is now a part of Leucadia confirmed the bond trading bloodbath that its bigger peers would soon confirm when it for the first time in its ... issues we faced this past quarter in Fixed Income were due to distinct factors that began about a year ...

Story - Tyler Durden - 12/15/2015 - 11:39 - 18 comments - 0 attachments

Humiliation: Bank Of America Plunges From Trading Perfection To Just 81% Profitable Trading Days

with Bloomberg terminals will pretty much generate trading perfection no matter what they do. So it comes as a shock that in the quarter following BofA's trading perfection days (which would be completely ... (Bank of America, Bank of America, Discount Window, Market Conditions, Prop Trading, Reality) ...

Story - Tyler Durden - 08/06/2010 - 16:28 - 31 comments - 0 attachments

"The Biggest Protest This Country Has Seen In Years" - Quarter Million Germans Protest Obama "Free Trade" Deal

When it comes to official and media opinion on Obama's crowning trade "achievements", the Trans-Pacific Partnership (TPP) and the Transatlantic Trade And Investment Partnership (TTIP), the party line is ... workers compete and win,” Obama said. The mainstream media's chorus of support for these trade ...

Story - Tyler Durden - 10/10/2015 - 09:56 - 149 comments - 0 attachments

How Goldman's "Recommended Top Trades" Cost Clients Billions And Contributed To Goldman's Perfect Record

Goldman scores something like a perfect 63 out of 63 quarter is by literally raping its clients, along the ... Zero Hedge has long discussed the strange phenomenon whereby Goldman recommends a trade only to unwind ...

Story - Tyler Durden - 05/19/2010 - 06:31 - 65 comments - 0 attachments

Ahead Of Tomorrow's Dimon Hearing, Presenting JP Morgan's 93.5% Historical Winning Trade Perfection

Below is the breakdown of the past 9 quarters of JPM trading days from the company's own filings: ... disclosing critical trading information, and will certainly use the "proprietary position" and "more ... massive losses of scale such as the suffered by the JPM prop trading unit and its hundreds of billions ...

Story - Tyler Durden - 06/12/2012 - 17:51 - 105 comments - 0 attachments

JP Morgan Has Zero Trading Losses In The First Quarter

Earlier it was Bank of America reporting a perfect trading quarter, with profitability on ... Merrill, Twitter, Wells Notice) Earlier it was Bank of America reporting a perfect trading quarter ... simply another case of trading perfection unmatched anywhere in the known universe except perhaps by ...

Story - Tyler Durden - 05/08/2013 - 16:36 - 139 comments - 0 attachments

Deutsche Bank's Ominous Warning: A "Perfect Storm" Is Coming In 2018

long-term average (with the last 5 years the lowest in modern history), "a perfect default storm could ... introduction of QE. This could drag the US curve still flatter in the months and quarters to come (currently in the middle of its historic range). A perfect default storm could be created for 2018 if the Fed ...

Story - Tyler Durden - 04/15/2015 - 14:05 - 71 comments - 0 attachments

Priced For Perfection - A Return To 'Normal' Won't Be Enough

weakness typical in the middle quarters of the year. The very recent weakness in the US is more troubling ... micro-valuations that BTFD in US equities now is hardly the 'cheap' shiniest 'turd' trade every asset-gathering ... muppets. But how is this possible if the insiders and muppets are on opposite sides of the trade ...

Story - Tyler Durden - 04/14/2013 - 19:28 - 36 comments - 0 attachments

Is The SEC Asking These Hedge Funds Why They All Rushed Into Allergan Last Quarter?

premium to market did not violate the S.E.C.’s rule 10b5-1 about insider trading.... Indeed, the onetime ... insider-trading laws with his buying spree of AGN calls. Per the WSJ : "The Securities and Exchange Commission civil probe is focused on potential breaches of insider-trading laws, one of the people said. The ...

Story - Tyler Durden - 08/18/2014 - 09:18 - 23 comments - 0 attachments

"De-Dollarizing" Russia Pays Down Near-Record $53 Billion In Debt In Third Quarter

by increased trade. Third, and perhaps most crucially, Russia paid down a massive $52.8 billion in ... . As Goldman explains, Trade and income improved notably... The ... trade balance, where imports have contracted (due to slowing domestic demand and the weaker Ruble), and ...

Story - Tyler Durden - 10/10/2014 - 16:23 - 135 comments - 0 attachments

Bank Of America Posts Two $100MM+ Losses In Past Quarter

when even the worst of all trading desks on Wall Street, that of Bank of America could do no wrong and disclosed a trading quarter of pure perfection? Yeah, that's over. The bank, which just jolted shareholders ... trading days (compared to 0% two quarters ago), something that indicates a very violent return to ...

Story - Tyler Durden - 11/03/2011 - 16:24 - 41 comments - 0 attachments

Priced For Perfection - Why This Burrito Market Is Heading For A Fall

CMG’s apologists claim. To the contrary, CMG’s shares have been irrationally priced for perfection and beyond ... most recent quarter. Now, there is a reason that most national restaurant operations are based on ... annualized run rate of $10/share. At its fevered peak last August, CMG was trading for what is looking more ...

Story - Tyler Durden - 01/08/2016 - 14:40 - 56 comments - 0 attachments

Goldman Suffers Terrible Quarter After FICC, Prop Trading Revenues Plunge; Banker Comp At Five Year Lows

Once again, Jefferies' one-month early glimpse at Wall Street trading revenues proved to be spot on. After the boutique mid-market banks reported a total collapse in fixed income trading revenues ... among the TBTF banks - Goldman Sachs - to see just how bad the trading environment really is. The answer ...

Story - Tyler Durden - 10/15/2015 - 07:02 - 30 comments - 0 attachments

China Unleashes Perfect Storm Of Bad News Prompting Stock Market Plunge

after Citic Securities and Guosen Securities disclosed regulatory probes. Shares in both brokerages traded ... arrest for insider trading and "stock price manipulation," Beijing froze some $1 billion in accounts ... been detained for alleged "illegal trading." As we put it at the time, "it's certainly ...

Story - Tyler Durden - 11/27/2015 - 07:49 - 15 comments - 0 attachments

Global Trade Bellwether FedEx Misses, Cuts Outlook, Blames Weak Industry Demand, Higher Wages

Every quarter we pay particular interest to the results reported by Fedex not only due to its ... trade. And not surprisingly, following a bevy of reports here and elsewhere confirming the plunge in global trade, Fedex did not disappoint, or rather it did when it reported non-GAAP EPS of $2.42 (which ...

Story - Tyler Durden - 09/16/2015 - 06:59 - 50 comments - 0 attachments

Here Is The Mystery, And Completely Indiscriminate, Buyer Of Stocks In The First Quarter

to the most recent CapitalIQ data, the single biggest buyer of stocks in the first quarter were none ... billion of their own stock in the first quarter! Should the Q1 pace of buybacks persist into Q2 ... if the corner office knows sales and Net Income (not EPS) will be weak in the quarter, they will tell ...

Story - Tyler Durden - 05/27/2014 - 22:21 - 213 comments - 0 attachments

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