September 17, 2009 |
Gold and other precious metals soared again Wednesday amid a buying stampede. Near-term gold futures in New York jumped $13.90, or 1.4%, to finish the session at $1,018.90 an ounce, a record closing high. Silver rocketed 43 cents, or 2.5%, to $17.41 an ounce; platinum gained $29.80, or 2.3%, to close at $1,350.10. "It's really a feeding frenzy," said Larry Young, senior trader at Infinity Futures in Chicago. Gold is up 7.1% so far this month, beating the 4.7% advance in the Standard & Poor's 500 stock index.
November 6, 2012 |
WASHINGTON -- The votes of traders in political futures have been pouring in for months, and they say President Obama lands a second term in Tuesday's election. The chances that Obama is reelected stood at about 71% on Tuesday morning on Intrade , near a one-month high and up about 3% for the day in early trading. The chances that Republican Mitt Romney wins the presidency were about 29%, close to a low for the past month and down about 4%. Most people buying political futures on the site also apparently believe that Republicans will retain control of the House and Democrats will hold on to their majority in the Senate.
January 30, 1989 |
Are Californians bigger risk takers than investors in other parts of the country? It appears so when it comes to futures trading. The state is home to the largest number of individual speculators who are, in effect, betting on the future price of anything from Treasury bonds to pork bellies, according to brokers. "There are more speculators out here," said Lee R. Brooks, first vice president and manager of the futures department at Bateman Eichler, Hill Richards.
November 12, 2013 |
WASHINGTON - President Obama tapped a senior Treasury official to take over as one of Wall Street's top regulators, leading the agency charged with overseeing complex financial derivatives. Obama said Tuesday he would nominate Timothy Massad to succeed Gary Gensler as chairman of the Commodity Futures Trading Commission. Gensler's term expires at the end of the year. Massad has spent more than two years in charge of winding down the $700-billion financial crisis bailout fund, which has turned into a gain for taxpayers so far, though a small projected loss on paper.
March 16, 1991 |
Chicago's commodity markets said Friday that they will test their proposed global electronic futures-trading system next month though they still lack enough commitments from other exchanges to make it a reality. The Chicago Mercantile Exchange and Chicago Board of Trade hope to begin operating the long-delayed Globex system around the middle of this year, Board of Trade Chairman William O'Connor told traders and brokers at the Futures Industry Assn.'s annual meeting in Boca Raton.
December 6, 1990 |
Trading in crude oil futures would be temporarily suspended in response to large price swings, under a plan approved today by the New York Mercantile Exchange. "For the first time, the exchange will be imposing trade cessations as circuit-breakers," President R. Patrick Thompson said. The proposed changes would allow crude oil futures to rise or fall by up to $15 per barrel each day, far more than they have ever moved.