Author Archive
Stocks Slump with Obama Re-Election; Harper in India Selling Uranium; Violence Breaks out in Greece over More Austerity
After weeks of muted trade, markets waited for this long drawn out American election to finally end; end it did with the re-election of Barack Obama to a second term. This was over before it started as the Republican Party and supporters continuously kept putting their foot in their mouths. The straw that broke the...
USA Elections Show Change In Societies Core Values
As Canadians we were inundated with the flow of information and debate for months regarding the Presidential election. Finally after all the negative ad campaigns the result emerged with Barack Obama serving another term in Office. I heard that the campaigning by both parties cost approximately $6 billion. With many Americans and others around the...
Can the Insanity Stop within our Urban Centers?
Urban societies have recently awoken to very disturbing realities, a few weeks ago in Toronto, specifically Scarborough; A neighbourhood was traumatized by the action of young punks with guns. A street party turned violent and lives were lost all because an argument over a parking spot, boiled over. Rather than use words of reason and...
Commodities Continue their Turbulant Ride
After recoiling to the USD$1625/oz the yellow metal slipped on renewed optimism for equities and market conditions. Manipulation seems to be the name of the game. Commodities continue to be extremely volatile. Today Gold is down $0.40 @ 1577.00; Silver slips $0.16 to 26.86/USD/oz. Oil dropped $3.53 yesterday but rebounded +0.24 cents this late morning...
Canadian Retail Sales Inch Higher; The Gun Summit in Toronto; Gun Control in U.S. Losing Support Despite Mass Shootings
Retail Sales were up slightly in May to $38.9 Billion. Sales rose 0.3% after being flat since Nov. 2011. Sales rose in six provinces with Alberta leading the way. Sales in the car industry, electronics and appliance stores were down overall. Prime Minister Harper will be in Toronto today for the ‘Gun Summit’. Politicians attempt...
Goals and Success can only be Achieved if you have a Plan
In life it seems there is always too much to do and never enough time to do the things we want to accomplish. Having goals and objectives is probably the best way to approach success. For the last few years I have dreamed of an investment to turn my home into an oasis for the...
Commodities Continue to be very Volatile as Summer Sizzels
Gold plummeted toward the USD$1525.00 level then soared to USD$1630 over the last few weeks. Manipulation seems to be the name of the game. Commodities have been extremely volatile of late. Today Gold rose $9.70 @ 1588.60; Silver up $0.49 @ 27.38/USD/oz. Oil on the other hand dropped to USD$77 in the last few weeks...
Syria continues to be a hotbed; Euro zone under Renewed Pressure. Canadian Mortgage Rules Come into Effect Today.
Syria continues to be a hotbed of International condemnation with news of the government continuing to fire upon and kill its’ own citizens. The Assad Regime claims there is a deliberate campaign by foreign entities or governments interfering with their sovereignty in order to bring change. On the other hand the Russians and Chinese support...
A Solution to The Problem of Gang Violence
I am Back! I experienced a severe case of ‘writer’s bloc’ but with the weekends events in downtown Toronto my brain cells re-ignited. It was tragic to say the least whereby an individual with a personal vendetta could indiscriminately enter a public place and start shooting with no regard for innocent by-standers, as was the...
Commodities Continue to be very Volatile
Once Gold closed below USD$1627.60 on the weekly chart, we saw it plummet toward the USD$1525.00 level. A break of this point may have sent the precious metal toward the USD$1400 or lower. A combination of disappointing employment numbers and rumours for more liquidity from the Federal Reserve, Gold reversed its’ course and skyrocketed above...
China Non-Mfg Slows for second straight month; USA Employment Dis-Appoints; Spain Banking Needing Bailout, where’s the Money coming from?
The week gets off to a slow start as Chinese non manufacturing industries expanded at a slower pace for a second month in a row. As a result the Asian stock index carried the negative sentiment into European and North American trade. On Friday the unemployment rate in the USA rose to 8.2%, climbing one...
Canadian GDP Surprises by Falling Unexpectedly; Spain Re-Enters Recession; Elections in France and Greece
Canada GDP surprises the market as the economy actually shrank in February. Therefore an argument for higher interest rates may be muted for now. With the first drop in manufacturing in six months and mining shutdowns, the Canadian dollar took it on the chin falling against most currencies across the board. Anti Austerity calls...
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