I have heard the expression legalised theft in relation to the redistribution of shareholder assets that is occurring in the US. What is amazing is how out of touch business seems to be in the US with what is happening in the economy, the mood of the market towards outrageous behaviour and more importantly what…
This should be interesting – (Reuters) – U.S. securities regulators have taken the unprecedented step of asking high-frequency trading firms to hand over the details of their trading strategies, and in some cases, their secret computer codes. The requests for proprietary code and algorithm parameters by the Financial Industry Regulatory Authority (FINRA), a Wall Street…
There has been much chatter on our mentor forum lately regarding the breakout in the price of gold. I have mentioned several times that I had been long gold and short equity indices via our advisory service. I am now neutral with only one remaining short position in the market which is a carry over…
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