News 

A metals expert predicts an ’emotional’ gold spike as investors get nervous over Syria, Russia

“Even though Colvin believes earnings season, which just got underway, will be strong and won’t support a bull case for gold, he believes weaker-than-expected U.S. economic growth could prop up prices” writes Akos Stiller for cnbc.com. Gold is in a holding pattern until investors find a fresh reason to get edgy, according to a veteran trader.Ambrosino Brothers’ Todd Colvin told CNBC “Futures Now” last week that “$1330 to $1350 [an ounce] has really been a very comfortable range for gold. Source: cnbc.com Share This:

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News Stocks 

Netflix could jump 10 percent on earnings. Here’s how one trader is playing the stock

“Streaming giant Netflix is set to report earnings after the bell on Monday, and one options trader is betting the stock could soar to new heights following the results” writes unknown author for cnbc.com. Therefore, he is selling the April 20 weekly 290-strike put and buying the April 20 weekly 285-strike put, which gives him a credit of $1.50, or about $150 credit on the spread.This means that if Netflix closes above $290 on April 20 expiration, Gordon would make the $150 credit on the trade.”It looks like we should…

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Markets News Stocks 

The 50 cent options trader who bets on market volatility says a financial ‘earthquake’ is coming

“And Ruffer says that if an “earthquake” does occur, “volatility will be a key issue in a market unwind.”” writes Business Insider Australia for businessinsider.com. That’s according to Ruffer LLP — the British asset manager that was revealed to be behind a series of trades last year betting on a rise in market volatility, via the purchase of 50 cent options contracts.Until February, asset managers could rely on a stable environment where stocks rose steadily.And the trades often expired worthless, as markets steadily rose amid an environment of record-low volatility. Source:…

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Markets News Stocks 

Should a jittery stock market have any faith in the idea of a ‘Kudlow put’?

“Some market participants are talking up the idea of a Kudlow put” writes Mark Decambre for marketwatch.com. Asked if Kudlow ranked as a major market influence.It can effectively serve as an insurance policy in the event of a market downturn.Michael Antonelli, equity sales trader at R.W Baird & Co., said he doesn’t believe traders are actually factoring anything that Kudlow says in their trade strategies. Source: marketwatch.com Share This:

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Markets News 

Australian trader accused of “spoofing” remains unavailable for prosecution in US

“Jiongsheng Zhao, an Australian trader accused of spoofing and engaging in a manipulative and deceptive scheme, remains unavailable for prosecution in the United States, the Department of Justice has admitted” reports financefeeds.com. Additionally, the complaint alleges that Zhao made false written statements to the CME after being confronted with allegations of his disruptive trading practices. Source: financefeeds.com Share This:

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Noble Group halts share trading after bond default

“Noble’s restructuring deal has been opposed by some bondholders and shareholders, including Goldilocks Investment Co, which has an 8.1 percent stake in the firm” writes Bobyip Reuters for cnbc.com. Under the deal, Noble is seeking to halve its senior debt and hand over 70 percent of the restructured business to creditors.Once Asia’s largest commodity trader, Noble was plunged into crisis in February 2015 when Iceberg Research questioned its books.Singapore-listed Noble Group Ltd halted trading of its shares on Thursday after defaulting on a $394 million bond that matured this week,…

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The former Deutsche Bank star trader who once took home a $126 million bonus is about to get his jail sentence

“A former star Deutsche Bank trader has pleaded guilty to rate-rigging in a London court, and now sits in custody to await sentencing later this year” writes Business Insider Australia for businessinsider.com. Deutsche Bank was subsequently fined $2.5 billion by global regulators in 2015 for failing to prevent attempts by traders to rig benchmark rates.It marks a dramatic fall from grace for Christian Bittar, the 46-year-old with a background in advanced maths who was Deutsche Bank’s most profitable trader from 2003 to 2010. Source: businessinsider.com Share This:

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News Oil 

Exclusive: Trafigura set to boost its dominance in Urals – sources

“MOSCOW/LONDON (Reuters) – Oil trader Trafigura will regain its position as the largest buyer of seaborne crude from Russia’s Rosneft, trading sources told Reuters on Friday, expanding their partnership as Rosneft reduces its dealings with Vitol and Glencore” reports businessinsider.com. Three trading sources told Reuters that Trafigura would increase its dominance in Rosneft’s Urals oil trading from April when Rosneft’s 5-year pre-finance deal with Vitol and Glencore expires.”Trafigura will be the lucky one,” a trader in the Russian crude oil market said. Source: businessinsider.com Share This:

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