Author Archive
Sharp Rise in Jobless Claims – Six Month High; Multi Family Starts Largest Fall Since 2006
The number of people who applied last week for new unemployment benefits surged to the highest level in a 1 and ½ months, confirming the U.S. labour market is not healing fast enough to bring down the countries jobless rate. The market confirmed that the economy is deteriorating and completely disconnected from the reality. First,...
Disgusted With Politics in Canada!
If I had to describe myself, I would use the character of Alex P. Keaton, played by Michael J. Fox in the show Family Ties as spitting image of who I am. Always interested in politics and money, today I find myself in a career that embodies the spirit of my interests. As Tony Montana...
Happy Mothers’ Day A Public Service Announcement From The Don!
I have to come out and say it loud and proud; No I am not gay but if the truth be told, I am a Big Mommas’ boy. How can I not be, as the person that gave birth to me who nurtured me and loves me unconditionally even to this day, I cannot put...
Commodities Hold the Top End of Range Downward Move
Gold and silver tried to test the upper end of their ranges yesterday but have yet again lost momentum on the upside. Gold has been a steady favorite vs. silver, with the white metal losing momentum yet again as it neared $24.00 keeping the XAU/XAG ratio near its three-year highs @ around 62. Gold down...
Wholesale Sales and Initial Jobless Numbers Disappoint
The March data showed that wholesale sales disappointed, and instead of growing 1.5%, declined by -1.6%, below expectations of a 0.1% rise. This was the biggest drop in sales since March of 2009: another nail in the coffin of any recovery dreams, showing that indeed the end-demand weakness has been quite widespread. Sooner or later...
Was Nine Years Worth the Wait?
Welcome to the NHL playoffs and for the first time in nine years Leaf fans get to see their team in action. After Bell and Rogers made a splash to purchase the original six franchise. The bottom line was to convert the purchase into hard cold cash creating synergies for their other holdings including content...
To Be Or Not To Be… A Gay Athelete?
There was a time the word ‘gay’ was used on a daily basis to refer to something as happy or nice. Yet in the case of ignorance, certain words in the English language become butchered, altering its’ true meaning. In the 1970’s, Billy Crystal played a gay character in the TV series named Soap. This...
Commodities Renew Downward Move
Silver has cracked the $24.00 level which yesterday was extremely solid. We now look to sell rallies to $24.20 and look for support towards $23.20. Likewise gold held $1460 yesterday and if that breaks we expect a sharp move with support $1420-1445. Physical interest is starting to wane, with Asia out on holidays, and a...
MFG ISM Drops to Lowest Level Since Dec. Employment Drop Largerst Since 2008. May Day Celebrates Labour in Many Countries in the World.
The ISM Manufacturing report for April declined from 50.7, down from 51.3, the lowest since December 2012. The good news: it was still above 50 and beat expectations of a 50.6. The Employment Indicator, which came at 50.2, down 4 on the month and was the lowest since November, tied with the biggest drop since...
Gold Drops Most in 30 Years, China Economic Results Softer than Expected; Boston Marathon Turns Deadly
Previously, levered hedge funds were forced to sell gold on stock margin calls. How long until today’s gold plunge, the largest 2-day drop in the past 30 years, forces funds to start selling stocks to meet margin clerk’s vocal demands some time around 2pm today? The rapidity of gold’s drop is impressive, concerning, and disorderly....
Carnage Continues as Commodities Melting!
What a day as Gold slammed an additional $149.10 @ 1352.00/USD/OZ, it did breech USD$1350 at one point. While Silver gets beat up as well down $3.90 @ 22.65USD/OZ after testing $28 /OZ the previous week. No commodity was immune as even Oil was slashed $3.90 to $87.39USD/Barrel. There may be something sinister brewing as...
Insanity Leads to Tragedy for what Purpose?
The Boston Marathon, first run was in 1897 and is considered the most prestigious in the world as it attracts about 20,000 runners each year, most of whom have met a qualifying standard in another race. Today evil takes over a tradition as some individual without a conscience or organization trying to make a statement...
I think I love you!