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Gold Selloff Seen As "Stop-Loss Liquidation Positioning Reset", Not Fundamentally Driven
Gold Selloff Seen As "Stop-Loss Liquidation Positioning Reset", Not Fundamentally Driven
Gold’s break below key technical support of 4050 to the 4023 low in New York trading on Wednesday appears driven primarily by stop-loss liquidation and positioning rather than a material deterioration in macro fundamentals, according to UBS.
As the bank's trader Marcus Millis writes, "the move flushed out long exposure and left positioning looking more balanced, reducing the immediate risk of further forced selling."
However, he cautions, the broader trading backdrop remains challenging. That's because with front-end USD rates expected to stay...
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Aug 24, 2026 / Tyler Durden
Russia Scrambles To Restore Fuel Supplies As Refineries Resume Operations
Russia Scrambles To Restore Fuel Supplies As Refineries Resume Operations
By Charles Kennedy of OilPrice.com
Amid the ongoing fuel crisis in Russia, authorities are rushing to ease concerns that the shortages are worsening.
Russia has been suffering from a gasoline and diesel crunch since the spring, when Ukraine intensified its drone attacks at Russian refineries, aiming to cripple fuel supply to the front lines and to the domestic Russian market.
The drone hits on refineries, including deep into Russian territory more than 1,000 miles from the border with Ukraine, have become a nearly...
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May 21, 2026 / Tyler Durden
Lilly's Next-Gen Weight-Loss Drug Clears Trial With Near-Bariatric Surgery Results
Lilly's Next-Gen Weight-Loss Drug Clears Trial With Near-Bariatric Surgery Results
Eli Lilly reported positive Phase 3 results for its next-generation obesity drug, retatrutide, which delivered weight-loss results on par with those of bariatric surgery.
In the TRIUMPH-1 trial, overweight adults, but without diabetes, achieved meaningful weight loss across all tested doses after 80 weeks:
12 mg dose: average weight loss of 70.3 pounds, or 28.3% of body weight.
9 mg dose: average weight loss of 64.4 pounds, or 25.9%.
4 mg dose: average weight loss of 47.2 pounds, or 19%
Ahead of the results,...
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Jul 5, 2026 / Tyler Durden
No, The Framers Would Have Hated The Billionaire Tax
No, The Framers Would Have Hated The Billionaire Tax
Authored by Jonathan Turley,
Below is my column in the Wall Street Journal on the bizarre claim of Gov. Gavin Newsom and others that the Framers would have supported wealth taxes, including the proposed Billionaire’s Tax. It is a claim that seeks to mask the economically unwise with the historically unfounded. The Framers sought to protect property from legislative redistributive impulses. James Madison wrote that the bicameral system, and particularly the Senate, “ought to be so constituted as to protect the minority of the...
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