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Eric Dutram: Financials firms on both sides of the Atlantic appear to be facing some serious trouble. Banks in Europe are under pressure due to a variety of PIIGS debt issues, any of which could cause a disaster for the broad sector if left untreated or unresolved. Read more…
Larry D. Spears: Gold turned in a fairly tarnished performance during the second quarter, falling $80 an ounce, or 4.76%, during the April-June period. Read more…
Peter Krauth: Something’s afoot in the world of high stakes finance. The Basel Committee for Bank Supervision (BCBS) is about to decide something crucial to bankers, sovereign nations, and gold investors alike. Read more…
Bill Luby: If you thought the VelocityShares Daily 2x VIX Short-Term ETN (NYSEARCA:TVIX) story was behind us, you might want to think again. Read more…
Bill Luby: One month and one day after Credit Suisse (NYSE:CS) announced the suspension of new creation units in the VelocityShares Daily 2x VIX Short-Term ETN (NYSEARCA:TVIX), the issuer announced today that it plans to reopen issuance of TVIX “on a limited basis” effective tomorrow. Read more…
Jared Cummans: Tuesday saw a welcomed bull run on Wall Street as it was announced that a number of major banks had passed their respective stress tests, meaning that they would have enough capital to endure even the most severe scenarios. Investors cheered on the news with a buying trend that show Read more…
Bill Luby: I managed to let a couple of days pass without mentioning the suddenly white-hot topic of the VelocityShares Daily 2x VIX Short-Term ETN (NYSEArca:TVIX) only to discover at a Bloomberg Volatility Symposium in San Francisco last night that there appears to be an insatiable demand for more Read more…
Bill Luby: With the media feeding frenzy surrounding the VelocityShares Daily 2x VIX Short-Term ETN (NYSEArca:TVIX) during the past week, a similar product, the ProShares Ultra VIX Short-Term Futures ETF (NYSEArca:UVXY), has been largely overlooked. This is unfortunate, as UVXY has a great deal Read more…
Bill Luby: A little more than two hours into today’s regular trading session, the premium in VelocityShares Daily 2x VIX Short-Term ETN (NYSEArca:TVIX) is has spiked to 13.5% above its intraday indicative value. Read more…
Bill Luby: After 2 ½ hours of trading in today’s regular session, it looks as if the market is starting to get a handle on what sort of premium is appropriate for the VelocityShares Daily 2x VIX Short-Term ETNs (NYSEArca:TVIX). Read more…
Bill Luby: After today’s (2-21-12) regular trading session, Credit Suisse (NYSE:CS) announced in a brief press release that it has “temporarily suspended further issuances of the VelocityShares Daily 2x VIX Short-Term ETNs (NYSEArca:TVIX) due to internal limits on the size of the ETNs.” The company Read more…
Ron Rowland: Exchange Traded Funds (“ETFs”) and Exchange Traded Notes (“ETNs”) are similar in some ways but have major differences as well. When you buy an ETF, you receive an ownership stake in a pooled investment, structured as an independent entity. When you buy an ETN, you are essentially Read more…
Yesterday, on the third anniversary of the collapse of Lehman Brothers, Swiss bank UBS (NYSE:UBS) announced a greater than $2 billion loss due to a “rogue” trader. The trader in question, London-based 31-year old Kweku Adoboli, was arrested on suspicion of fraud at 3:30 in the morning after UBS ratted him out to British authorities. He’s since reportedly admitted to creating losses. The BBC reports that UBS didn’t learn about the Read more…
Sy Harding: Privately owned commodities trading firm Glencore International, based in Switzerland, the largest commodities trading company in the world, is preparing for an initial Read more…
Shah Gilani: William McChesney Martin Jr., the revered former head of the U.S. Federal Reserve, is remembered for many things – including an unprecedented term as chairman that lasted Read more…
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