The Traderszone Network

California’s insurance commissioner on Monday asked all insurance companies doing business in the state to voluntarily divest from coal companies and said he will also require insurance companies to disclose their coal company holdings. Coal use by utility companies has plummeted amid low natural gas prices and new federal regulations aimed at curbing carbon emissions, a major contributor to climate change. Ten years ago coal produced 50 percent of the nation’s power supply but now accounts for only about 35 percent, according to the U.S. Energy and Information Administration.

And CSI300 index to open lower by 0.9%

A bitcoin rewards concept took home $10,000 in bitcoin at the second annual Miami Bitcoin Hackathon held this weekend at The Lab Miami.

People’s Bank of China setting the mid-point reference rate for the USD/CNY today
– USD/CNY is allowed to trade plus or minus 2% from this mid point
– 6.5557 the mid point yesterday. Barely changed today, but another tiny strengthening for the CNY.
If its Tuesday it must be reverse repo day …

People’s Bank of China open market operations for today
The USD/CNY mid point setting to follow
more to come

After a positive week, today’s decline was likely reactionary as I don’t expect the rally to finish just yet. Gold has been doing well in this bear market environment and has triggered an Intermediate-Term Trend Model BUY signal. We will examine the chart further down in the blog. The DP Scoreboards are characteristic of a bear market. There are only Neutral and SELL signals except for the…

Some comments crossing the Reuters from Japan economy minister Amari:
– Government should not comment on BOJ monetary policy
Really? From where I sit it seems these dudes do little else but …