Dave Morgan is an expert in precious metals who says he is, “a big-picture macroeconomist whose main job is education,” on his website, The Morgan Report.
Investor sentiment divided on proceedings of Sino-U.S. trade negotiations resulting in mixed activity, Diamler warnings hurt European market.
European equities saw positive price action today on Adidas earnings and bank stocks rally influenced momentum. Traders now await US macro data updates for short term profit opportunities and directional cues to place major long term bets.
While European market is seeing positive price action on upbeat macro data and Brexit delay which supports steady risk appetite, dovish central bank cues continue to hamper progress in major global markets.
Amid rising geopolitical tensions from multiple fronts, Asian and European equities are seeing mixed price action with dovish bias. Brexit woes ahead of deadline continue to add bearish bias to investor sentiment. Macro data updates eyed for short term directional bias.
As risk appetite took a hit over easing Sino-U.S. trade talks and disappointing macro data, European equities bled red. Investors have taken cautious stance with focus on geo-political headlines.
Dovish influence from Brexit woes and disappointing EU macro data boosted concerns of economic slowdown capping gains in European equities albeit trading in green. Investors await US macro data for short term profit opportunities.
Federal Court Orders Precious Metals Dealer and Its Owner to Pay More than $2.3 Million for Fraud and Misappropriation in Gold and Silver Scheme
The Commodity Futures Trading Commission (CFTC) today announced that the U.S. District Court for the Southern District of New York entered an Order of Default Judgment (Order) and Permanent Injunction against Royal Metals Group, LLC (RMG), and its member, manager and part owner, Chelsea Gless (Gless) of Iowa (collectively, defendants) for fraudulent misrepresentations and the misappropriation of customer funds in a precious metals scheme.
Federal Court Imposes $15.7 Million Civil Penalty and Lifetime Trading Ban Against Precious Metals Dealer and his Company in CFTC Anti-Fraud Action
The Commodity Futures Trading Commission (CFTC) announced today that Judge Robert J. Conrad Jr. of the U.S. District Court for the Western District of North Carolina entered a Supplemental Consent Order (Supplemental Order) against Defendants Hannes Tulving, Jr. (Tulving) of Newport Beach, California, and his company The Tulving Company, Inc., finding that they fraudulently solicited customers in connection with precious metals transactions, misappropriated customer funds, and concealed their fraud with false statements that the customer accounts were profitable.
Divided investor sentiment continues to limit positive price action in broad market on most major assets. But hopes on positive outcome in future talks following comments from representatives of China & U.S. has inspired a temporary phase of positive activity in broad market.