Tuesday, November 17, 2015

Recent Market Updates: Notes for Today

1. Yuan/Renminbi will be officially accepted into IMF's SDR this end of November.


2. As a result of the FED's hint of rate hike this December 16 and US recent job report, mainstream investors are predominantly bearish in their view of the stock market.


3. George Soro is liquidating his gold holdings both in Barrick Gold and Market Vectors Gold Miners.


4. Investors are dumping precious metals and banks forecast more price declines.


5. VLL disclosed last 17 November that Manny Villar bought 81,120,701 worth of VLL shares @ 7.15 last November 11.