Since early December, silver has bottomed just under $19 numerous times, indicating a pretty solid level of support. Last week silver traded above the 50-day moving average of $19.58 as well as the 200-day moving average of $20.52.
A New York Fed white paper from April of 2014 explores the idea of imposing withdrawal fees on money market funds. The publication concludes that there is a real possibility that suspending convertibility, including the imposition of gates and/or fees for redemptions, can create runs
The USDA reduced cotton export sales estimates for the 2013 crop on May’s supply and demand report, which in turn resulted in a rise in ending stocks. To date, old crop cotton is more than 100% committed to overseas buyers.
You must be hedged for tail events. This is great for high-net-worth individuals who can allocate $1 million to a tail hedging strategy but what about an individual with only long equity exposure through his or her pension or 401K?