Author Archive
Project X hits London Ontario?
A week ago my eldest went to watch a movie called Project X which is out at theaters across North America. The plot revolves around kids using social media to invite people to a party and they create havoc and destruction. A similar situation happened in Calgary when a few young guys took the liberty...
Commodities Stagger over Concern of High Oil Prices and Effect on Global Economies.
Gold has been under pressure within the last few weeks, after almost breeching $1800/USD, the price staggers below $1650. The one week and daily chart for gold show that a breach of $1620 and $1645, respectively, could send the yellow metal toward $1000 very quickly making investors cringe and soil themselves. Gold is down $17.60...
USA Housing Starts Fall; UK Inflation Better But Still Elevated; The Greeks Bond Payments Due; France Dealing with a Mad Man!
U.S.A Housing Starts fell in February by 1.1%, a surprise as the market was expecting a 0.1% improvement. With weather disparities all over the country, this may have contributed to the outcome. In the UK, CPI- Consumer Prices rose 3.4% a little higher than the expected 3.3% yet down from 3.6% in Jan. Still above...
A Night To Remember With My Dad
Last night, thanks to the enthusiasm to the sport of soccer, a dedicated talented individual, David, organized an evening to watch the TFC take on the LA Galaxy live at the Rogers Center. While Torontonians rarely seem to have anything meaningful to cheer about, the atmosphere was electric. I had the pleasure to invite my...
Commodities in for a Tumoultous Ride?
Gold has been tumultuous after almost breeching $1800/USD recently. The one week and daily chart for gold show that a breach of $1620 and $1645, respectively, could send the yellow metal toward $1000 very quickly making investors cringe and soil themselves. Gold is up $17.30 today @ 1700.90; Silver up $0.32 @ 33.91/USD/oz. Oil continues...
Euro Zone, England and Bank of Canada Leave Rates Unchanged
Today the Bank of Canada held its benchmark interest rate steady @ 1%. This is the 12th consecutive time the rate remained unchanged. The Bank Governor suggested rates could rise as risk aversion; signs of stabilization in Europe due to bank funding and sovereign debt markets improve the focus of the economies in question. Mario...
Some Things Aren’t Worth Dying For
In Toronto there has been an on going debate in regard to public transportation to either build subways or fund multi commuter lines (LRT). The later would essentially tear up existing streets for the dedication to public transit. The province is willing to commit billions of tax payer dollars for the mega work project yet...
Commodities Manipulated?
After the Fed Chairman, Bernanke spoke yesterday morning with his view on the state of the economy, the equity markets moved higher. Gold retracted almost $100, after almost breeching $1800/USD. Has anything changed? Will it be the manipulation of words from politicians that will give the Fat Cats of Wall Street the ability to continue...
Beware the Ides of March Canadian GDP Released on Friday March 2, 2012
The G20 as a group rejected assisting the Europeans with further financing to correct the issues plaguing the region as a whole. As was evident in the BBC News article aired on Sunday (LINK PREVIOUS 02/28), it demonstrated how Goldman Sachs orchestrated, for a ransom, the manipulation of numbers to bring Greece and other...
A Reflection of Time when it comes to Family
Unfortunately time flies, case in point was this past weekend as I attended my aunt and uncles 50th Wedding Anniversary. It was a time of celebration as well as reflection of the achievements they made as a family. Maintaining a family of my own I find that we become easily distracted from one another as...
Oil and other Commodites Continue to Surge
The clock is ticking and tensions mounting as nuclear inspectors visit Iran. The propaganda; is the Iranian Nuclear capability being developed for energy or for the destruction of Israel. With uncertainty gold climbs $10.30USD/oz @ 1785.20 this day; Silver up $0.92 @ 36.52/USD/oz. With sabre rattling continuing in the Persian Gulf oil has risen substantially...
G20 tells Europeans to go it Alone- Germany Biggest Bailout Contributor USA Consumer Confidence Rises
On Monday morning the G20 as a group rejected assisting the Europeans with further financing as the rest of the world continues to meet the challenges presented with the mismanagement of the global economy, especially finances. The Germans the largest contributor of bailout funds had no choice but to agree to expand their funding and...
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