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For the past few years, gold has been a boring investment as it fluctuated back and forth between $1,600 to $2,100 per ounce without any progress in one direction or the other. Despite its lack of direction in the shorter-term, gold has remained above its long-term uptrend line that began in the early-2000s, which means…

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SEOUL, REPUBLIC OF KOREA: Gold bars are displayed at Shinhan Bank in Seoul on 09 January 2004. Gold … [+] prices hit 544.60 dollars per ounce on January 09, 2006, the highest level since January 1981, owing to geopolitical tensions in the Middle East and reports that China may increase its reserves of the metal.…

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Wall Street’s top regulator on Wednesday unanimously voted to propose a rule barring traders in asset-backed securities from betting against the very assets they sell to investors, behavior that became infamous in the wake of the 2008 global financial crisis. The rule is among the last to be adopted under the landmark Dodd Frank Wall Street reform…

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A Virginia pol says it’s time for Congress to finally pass her stalled bill banning fellow members and their families from trading stock while in office, after a new report found dozens of lawmakers beat the market in 2022 despite Wall Street suffering its worst year since 2008. “These numbers illustrate the obvious — that we are long…

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Photo by Drew Angerer/Getty Images Getty Images Here is how the month of January breaks down in terms of the odds of a higher market from 4 views: All Januarys: 59.3% Election Year +3: 70.6% Decennial Pattern: 46.1% Both Election and Decennial Pattern: 66.7% Here are the cycles-based trade recommendations for the DJIA stocks in…

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Shares of streaming giant Spotify (SPOT) have been looking at a whole lot of downside lately. The equity has come dangerously close to eclipsing its Nov. 4 record low of $69.28, and several trendlines have loomed just above as potential layers of resistance. While SPOT is trying to buck some of this negative price action,…

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MIAMI BEACH, FLORIDA – APRIL 07: A view of collection during the launch of social investing platform … [+] eToro’s first NFT fund, pledging $20 million dollars for acquisition of NFTs from blue-chip and up-and-coming creators alike, at the Bass Art Museum on April 7, 2022 in Miami, Florida. The company celebrated the launch to…

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Photographer: Michael Nagle/Bloomberg © 2022 Bloomberg Finance LP Here is how the month of December breaks down in terms of the odds of a higher market from four different views: All Decembers: 68.5% Election Year +2: 69.2% Decennial Pattern: 61.8% Both Election and Decennial Pattern: 66.7% We can expect a higher market, especially in the…

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Big Wall Street firms reportedly are preparing to slash year-end bonuses — a sharp about-face from the lavish payouts handed out during the pandemic — as the industry braces for a major slowdown in dealmaking. Premier banks on Wall Street — JPMorgan, Bank of America and Citi — are planning to cut bonus pools as…

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The days of eye-popping bonuses for bankers are coming to a screeching halt. Wall Street payouts are expected to plummet by as much as 45% as financiers face economic headwinds and a looming recession, according to new data from compensation consulting firm Johnson Associates. “Most Wall Street professionals will be quite disappointed and surprised when they receive…

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