The New York Stock Exchange (NYSE) suspended all trading around 11:30 a.m. E.T. on Wednesday July 8th. According to the NYSE’s status, “NYSE/NYSE MKT has temporarily suspended trading in all symbols. Additional information will follow as soon as possible.” All open orders would be cancelled. The NYSE says…
Gold mining companies are down-and-out, but John Paulson isn’t worried. The downfall in gold prices stems from sentiment rather than fundamentals. The artificially low interest rates since the Great Recession have sent the stock market and the bond market to extraordinary highs. Once markets embrace the long-awaited correction,…