Gold declined further the past week leaving risk of more weakness on the cards. However, while it trades above its key support zone located at 1,109.00/1,117.00, we may see it head higher in the new week on recovery. On the
September 6, 2015
Chinese government officials claim that the stock market meltdown in that country is over, and that the rest of the world can expect greater stability from Chinese financial markets in the future. China Central Bank Governor Zhou Xiaochuan told the
On Friday, we visually documented the carnage that’s played out in EM currencies since August 11 when China moved to devalue the yuan. Here, in brief, is the backstory: Things were already bad enough for emerging markets going into August.
2015 hasn’t been the greatest year for the stock market. A quick glance at the major indices paints this picture; the Nasdaq (QQQ) composite has remained relatively flat, while the DJIA (DIA) and the S&P 500 (SPY) are down about
As someone asked, since hardly anyone is buying gold on the Comex and taking it out, why would be concerned about any inventory levels of deliverable gold? Indeed, why be concerned about price if it is just all a part
Not a lot has changed from last week. The damage done to sentiment for the S&P 500 Index (SPX) continues to plague market participants. The best that can be said is that traders and investors are taking a break to
One of the most prominent global carry-trades is flashing a strong warning sign to anyone willing to watch. The Yen carry-trade rose to prominence in the early 2000s as the Bank of Japan was forced to keep cutting rates to
In remarks to the G20 finance ministers, Zhou Xiaochuan, governor of China’s central bank says China Stock Market Correction ‘Mostly Over’. In remarks at the G20 in Turkey, the People’s Bank of China quoted Mr Zhou as saying: “At present,
Investors looking for a V-shaped, “buy-the-dip” market recovery were sorely disappointed last week as the major indices took another tumble. The Dow Jones Industrial Average (DIA) lost another 541 points or 3.2% to close at 16,102.38 while the S&P 500
The words “small cap” and “retirement portfolio” aren’t often heard in the same sentence. Stocks with smaller market capitalizations can be fantastic long-term growth investments. After all, most mega-cap stocks started out as small-cap stocks. Plus, small caps (along with
