Gold: Another close below the pivotal level at 1276 but it’s only just managed to keep momentum bearish. Chart/Levels from Analyst, Nicole Elliott – Investors Chronicle.


US Pharma executives found guilty Ex-billionaire Kapoor of racketeering

The New York Times reports that yesterday, at a federal court in Boston, founder of opioid drug maker Insys Therapeutics, John Kapoor and four of his top executives, were guilty of racketeering. Not only had they bribed doctors to prescribe their very strong and highly addictive nasal spray Subsys, but had misled health insurers about patents’ need for the medication. This marks another step in the fight against an opioid crisis in the US which has killed 200,000 people over the last two decades.

As if the British didn’t have enough on their plates, the RAC found that petrol prices this April rose at nearly their fastest pace in almost two decades. Gasoline rose by 5.44 pence per litre to an average 128.06p, diesel as always keeping pace. Since the year 2000 only once, March 2018, did they surge even more, by 5.98 pence.

Financial Markets and Political Commentary


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