But “hawkish” was “bullish”? Roughly translated…. A Week of turmoiling… S&P -3.2% – worst week in 3 months Retail -8.2% – worst week in 4 years VXX +17.9% – biggest week in over 2 months VRX -8% – down 7
November 13, 2015
The duality of gold in the modern wholesale fabric has perhaps been on display this year more so than at any time since 2008. That year, the year of the euro/dollar-drawn panic, gold was seemingly more volatile than any other
Very little of consequences occurred at The Bucket Shop today. Gold had the usual rise and then smack down into the London PM fix and the New York open, just to give the sleeping pit crawlers a wake up call,
All core Asian indices opened weaker and not one recovered ahead of the weekend. Hang Seng and Shanghai were down 2% and 1% respectively, whilst the Nikkei lost 0.5%. That weak trend continued into the European and U.S. sessions with
Gold demand showed a healthy increase in the third quarter according to a report released by the World Gold Council. Total gold demand in Q3 stood at 1, 121 tons, an increase of 8% compared to the third quarter of 2014.
Despite increasingly strong supply/demand fundamentals, gold prices continue to tread water – more or less within a narrow $100 range – having hit overhead resistance a few weeks ago near $1175 and now testing support near $1075 an ounce. For
The oil price crash continues to claim victims…and many of them are in Canada. The price of oil hovered around $100 for most of last summer. Today, it’s trading for less than $45. Weak oil prices have pummeled huge oil
The risk budget this month is unchanged. For the moderate risk investor, the allocation between risk assets and bonds remains at a defensive 40/60 versus the benchmark of 60/40. Credit spreads narrowed on the month but the widening trend is
Wow. I was expecting a decline down to these very key support levels, which as you may notice are just about where you would like to see them step in a ‘cup and handle’ or W bottom. But the wiseguys
Recently published October data of the U.S. Bureau of Economic Analysis painted a bright picture ahead for the national economy. A falling unemployment rate and higher average hourly earnings have rekindled hopes for a rate hike in December. Nevertheless, a
