Markets News Stocks 

Here are the 5 biggest bubbles in markets today

“In 2000, we had the dot-com bubble” writes Jared Dillian for businessinsider.com. That’s probably because bubbles happen much more frequently these days.We never used to get a giant speculative bubble every 7–8 years.Well, there is a bubble in a bunch of asset classes simultaneously (I delve deeper into this topic in my free exclusive special report, Investing in the Age of the Everything Bubble). Source: businessinsider.com Share This:

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Crypto News 

North Korean hackers’ attempts to steal bitcoin are a huge wake-up call

“But a recent report that shows North Korean hackers are increasing their attempts to steal bitcoin from South Korea may be the final straw that leads regulators to rein in bitcoin” writes unknown author for cnbc.com. The report, from cybersecurity firm FireEye, found three attacks against South Korean cryptocurrency exchanges traced to North Korean hackers between May and July of this year.For years, bitcoin critics have warned us about how the cryptocurrency provides way too much opportunity for criminals to launder money.Even JPMorgan CEO Jamie Dimon slammed bitcoin recently, saying…

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News 

Hurricane Irma delays progress of CFTC case against binary options fraudsters

“The storm has also had a negative effect on the progress of a case launched by the United States Commodity Futures Trading Commission (CFTC) against binary options fraudsters” reports financefeeds.com. According to the CFTC, the defendants have solicited more than $16 million due to illegal offering of binary options contracts.The binary options firms made promises of artificially high returns, bonuses and happy life.This prevents them from, inter alia, offering to enter into or otherwise conducting activities relating to binary options, acting as an affiliate marketer in any capacity that involves…

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News Oil Stocks 

Cramer admits his biggest investing mistakes

“In order to help investors become better at navigating the stock market, Jim Cramer revealed some of the biggest mistakes he has made in over 30 years of investing” writes Abigail Stevenson for cnbc.com. “Don’t think you can outrun a commodity grim reaper, even with a derivative situation like a master limited partnership,” Cramer said. Source: cnbc.com Share This:

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News 

Speculators haven’t been this bullish on gold since October

“Gold remained a hot commodity last week, with speculative investors such as hedge funds and money managers increasing their holdings in the haven metal for a fifth straight week” writes Markets Reporter for marketwatch.com. That in turn spurred a slight to haven assets, such as gold.We see it breaking higher and maintain our end-of-year forecast for $1,325,” said Ole Hansen, head of commodity strategy at Saxo Bank. Source: marketwatch.com Share This:

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Markets News Stocks 

As US stocks get slammed, these markets are primed for growth

“Indeed, growth is picking up in advanced economies, which is good for emerging markets as it boosts global trade” writes Dado Galdieri for cnbc.com. A future growth slowdown could hurt emerging markets, but these clouds are distant at the moment. Luckily for emerging markets, global monetary policy conditions remain amply accommodative (low interest rates) by historical standards, and normalization in coming quarters should be very gradual.As the political turmoil and high stock valuations in the U.S. create an uncertain market for investors, emerging markets appear to be facing a goldilocks…

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Futures News 

Florida court issues order for preliminary injunction against binary options fraudsters

“Defendants Jason B. Scharf, A&J Media, Michael Shah, and Zilmil consented to the entry of the order for preliminary injunction, whereas defendants CIT Investments, Brevspand, and CIT Anguilla have failed to appear or show cause why a preliminary injunction should not be issued against them” reports financefeeds.com. The fraudulent practices of the above-mentioned binary options firms included promises of artificially high returns, bonuses and happy life.Zilmil, which directed customers to binary options websites, for instance, sent more than 60 million fraudulent emails to more than 1.4 million unique email addresses…

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News 

Gold prices end lower after job-market snapshot lifts dollar

“Higher rates tend to act as a boost to the dollar, drawing traders looking for higher rates on dollar-based deposits” writes Mark Decambre for marketwatch.com. The dollar index was up about 0.2% at gold’s closing.As measured by the ICE dollar index, the buck has been down 2.5% over the past 30 days, according to FactSet data, and off nearly 8.4% so far in 2017.Gold futures settled lower on Tuesday as the U.S. dollar firmed in late trade, helping to erase a slight advance for the dollar-sensitive commodity earlier in the…

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News Stocks 

Mining giant Rio Tinto is returning a record $2 billion to shareholders

“Rio Tinto is to return $3 billion to shareholders: $2 billion on the dividend side and $1 billion of share buybacks” writes Karen Gilchrist for cnbc.com. “The $2 billion of dividend is the highest interim dividend in the history of Rio Tinto.”. Underlying earnings for the six months to June 30 rose to $3.94 billion from $1.56 billion a year earlier, missing Thomson Reuters analysts’ forecast of $4.19 billion.The stock dipped 2.2 percent in early deals Wednesday as investors moved to take stock of the company’s new payout policy. Source: cnbc.com…

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AUD News Oil Stocks 

Japan, Aussie stocks continue to rise, spurred on by commodity prices

“Asian shares gave up earlier gains Wednesday, though Japanese and Australian stocks outperformed, helped by an improvement in appetite for risk, which pushed the U.S. dollar and commodity prices higher overnight” writes Kenan Machado for marketwatch.com. Commodities led the charge in European and U.S. trading on Tuesday, with copper prices jumping 4% and oil rising more than 3%.Often a stronger dollar results in weaker commodities prices as many such products are denominated in the U.S. currency. The Australian dollar AUDUSD, -0.4662%  was recently off 0.4% against major currencies, reversing some…

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