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Lloyds is a retail and commercial bank headquartered in the United Kingdom. The bank operates via three business segments: retail, commercial banking, and insurance and wealth. In retail, Lloyds offers primarily mortgages (66% of loan portfolio), credit cards, and current accounts to its customers. Its commercial banking operation provides lending, transaction banking, working capital management, and debt capital market services to large companies and financial institutions in the UK Insurance and wealth rounds out the product lineup with life and property insurance as well as pension solutions and high-net-worth asset-management services.

ACE acquired Chubb in the first quarter of 2016 and assumed the Chubb name. The combination made the new Chubb one of the largest domestic property and casualty insurers, with operations in 54 countries spanning commercial and personal P&C insurance, reinsurance, and life insurance.

The Vickers Top Insider Picks is a daily report that utilizes a proprietary algorithm to identify 25 companies with compelling insider purchase histories based on transactions over the past three months.

After very nice advances in gold (GLD), silver (SLV), and copper (CPER) from February/March until May, the metals complex cycled into extreme momentum/overbought territory on both daily and weekly timeframes and then pulled back. We have been waiting patiently over the past six to seven weeks for signs of an attractive reentry point. We also wanted to see signs that the U.S. Dollar Index (USD) was topping, as a weakening greenback generally is a favorable backdrop for the metals. All three broke nicely higher on Wednesday, gaining 1% to 3% and breaking their downtrends off highs from the second half of May. At the same time, the dollar has dropped the past three trading days and traced out a lower high, but remains in an uptrend off the late-December lows. We had mentioned that the USD COT data recently deteriorated after being dollar bullish since late last year. GLD held in the best during the pullback, and has traded in a sideways consolidation, while SLV and CPER were hit harder. GLD didn't retrace even a minor 38.2% of its rally from mid-February and never was near daily oversold territory. A range break above $225 could send GLD up to $240 or more, and eventually a lot higher based on the massive base from 2011 until early 2024. SLV retraced 38.2% of its rally and held key trendline support off the secondary low in March. A break over $29/$30 would open the door for a possible jump to the mid- to high-$30s region. CPER generally is a wildcard (and one that is highly volatile), but a break over $31 could also lead to a move to the mid- to high-$30s region. (Mark Arbeter, CMT)