Author Archive
Commodities: The Calm Before The Storm
The Greeks are diverting from complete austerity, trying to keep the populace from total revolt, so how do they accomplish this? They spend borrowed money to cover their debts, simply buying time and avoid the inevitable. Meanwhile the Americans are waiting for political decisions to avoid the pending financial cliff that could spiral them into...
Manufacturing Data in China Gives the World a Bit of Promise. Greeks Paying off Debt with More Debt?
Manufacturing data from China released over the weekend lifted market sentiments as the week starts and sent Asian equities generally higher as well as European and North American markets. The official manufacturing PMI improved to a seven-month high of 50.6 in November. While the figure was slightly below expectation of 50.8, it does suggest that...
A Political Injustice or a Blessing?
Unprecedented turn of events at City Hall as now everyone has heard that Mayor Rob Ford has been ousted from his post at City of Toronto. It is great to see the system provide accountability to our politicians and the law should be used to reprimand those that view them- selves, ‘above the law’. At...
Commodities Continue Mixed
With the Europeans delaying an inevitable reality with Greece, a false sense of calm allowed the yellow metal to retreat as worries subsided. But be weary of the pending Financial Cliff and continued quantitative easing. Once these issues come back into the mainstream, Gold should rise again. Today Gold slipped $7.90 @ 1741.70; Silver down...
Egyptians Rise Again in Protest; Canada Economy Stuck in Slow Gear
More than 200,000 Egyptian protesters packed Tahrir Square for a massive evening rally organized by opponents of Islamist President Mohammed Morsi, demanding that he rescind decrees granting him near-absolute powers. Last year’s uprising that drove Hosni Mubarak from office; the same chants were used again against Egypt’s first freely elected leader. “The people want to...
Are you missing the NHL?
Do I personally miss NHL hockey? Maybe a little but not as much as my fantasy league. This is from an email I received today; “on Sports Center, I see Shane Doan whining, and I’ll quote this as best as possible… SHANE DOAN: “If someone is gonna rob you, they say, ‘Give me your money...
Commodities Surge on Positive Sentiment
Commodities exploded to the upside as markets welcomed the potential positive sentiment from continued negotiations to hopefully avert the ‘financial cliff’. With a positive turn of events the optimism could bring a nice relief rally before the year end and the possibility of inflationary pressures. As a result Gold surged USD$16.60/oz @ USD 1731.30/oz. Silver...
Stocks Rise Amid Hopes of U.S. Debt Deal; USA Housing improving; Mortgage Rules Hindering Recovery in N.A> The 4 Desserts Run Canada’s Representative
Hopeful of a compromise to avert the ‘financial cliff’, American Politicians provided some positive optimism toward the markets as the week commences. Global indices surged ahead after getting pummeled for days after the re-election of President Obama. The Super-rich fearing a potential tax hike, sent the Dow down almost 4% erasing billions in paper assets....
Remeberance Day A Time of Reflection for the Sacrifices Made
This past week on Nov 11, 2012 Canada celebrated Remembrance Day. Being an Official bank holiday our Civil Service enjoyed a long weekend as Public figures took part in Remembrance Celebrations. Many other Canadians worked and were not extended the same benefit. Unfortunately for the many Canadians that perished, fighting for the rights and freedoms...
Gold Looses a Bit of Its’ Shine
Commodities continue to sputter. With the European Economy back in recession the need for commodities dissipates. As a result Gold falls USD$16/oz @ USD 1714.10/oz. Silver holding its’ own dips 0.30 cents to USD$32.58/oz. On the other hand as we continue to get raked over the coals with a price of $1.25/liter at the pumps,...
Gaza About to Blow Up, President Speaks with Common Sense, Greece Lives to See Another Day and Movember in full Swing.
The Israeli Military will enter Gaza to engage Hamas as they continue to launch rockets into Israel. This aggression needs to be thwarted. The actions of militants continue to bring pain and suffering to the innocent. This hatred embedded so deeply within core values will never disappear unless education prevails and these bullies are put...
Prelude to Presidential Election and Results Cause More Turbulence in Commodities
A rollercoaster ride for the yellow metal continued with the election results. Uncertainty about debt and continued quantitative easing caused the manipulation to continue. Today Gold was up $2.20 @ 1717.20; Silver slips $0.20 to 31.83/USD/oz. Oil dropped $4.22 to sit at USD$84.49. Gold in three business days ranged from $1733-$1675.The Euro is presently around...
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