Gold Silver Reports (GSR) – A Fund That Beats 98% of Its Peers Is Shorting the Dollar – The greenback will slip against most major currencies as nations from Japan to the U.K. see better growth, spurring higher rates in those markets, said Brendan Murphy, head of global and multi-sector fixed income at BNY Mellon Asset Management North America. Murphy, who manages the $1.1 billion Dreyfus International Bond Fund, is shorting the dollar in favor of long positions across currencies including the Japanese yen and Norwegian krone.
Neal Bhai
Crude Oil Up on Syria Tensions, Neal Bhai Reports
Gold Silver Reports – Crude Oil Up on Syria Tensions, Neal Bhai Reports – The prospect of military action in Syria that could lead to confrontation with Russia hung over the Middle East but there was no sign a U.S.-led attack was imminent. Traders sought to lock in long crude oil positions ahead of the weekend, said John Kilduff, Partner at hedge fund Again Capital Management.
Gold Trending up, But Still Stalled by Hawkish Fed
Gold Silver Reports (GSR) – Gold trending up, But Still Stalled by Hawkish Fed – Gold has risen more than 3 percent this year, buoyed by international tensions and volatility in equities, but has yet to emerge from a tight trading range in the face of an expectation for rising U.S. interest rates, traders say.
How the U.S. and Allies Attacked Syria
Gold Silver Reports (GSR) – How the U.S. and Allies Attacked Syria – As images of sick or dying children flooded global media all week, the U.S. guided-missile destroyer USS Winston Churchill churned toward the Mediterranean to join a flotilla of allied warships, including another U.S. destroyer, the USS Donald Cook.
Trump Announces Missile Strikes Against Syria
Gold Silver Reports (GSR) – Trump Announces Missile Strikes Against Syria — Trump said the missile strikes, which were focused on chemical weapons sites, would be carried out in coordination with France and the U.K. and he made clear that the U.S. is prepared to sustain the strikes until Syria stops using chemical weapons.
India Moves to Reduce its Reliance on Russia’s Defense Imports
Gold Silver Reports (GSR) – India Moves to Reduce its Reliance on Russia’s Defense Imports — India’s defense scientists have developed a new indigenous system that identifies missile targets to replace the Russian-developed seeker on all future BrahMos, Sudhir K. Mishra, the chief executive officer of BrahMos Aerospace said.
Russian Aluminum Giant’s U.S. Creditors Trapped by Sanctions
Gold Silver Reports (GSR) – Russian Aluminum Giant’s U.S. Creditors Trapped by Sanctions — The company’s bondholders have until May 7 to sell $1.6 billion of dollar-denominated securities, but haven’t been able to because the two biggest intermediaries won’t facilitate trades, according to people familiar with the matter. That leaves those creditors of United Company Rusal at risk of having their investments frozen by the U.S. Treasury Department and being forced to write off the debt.