Author Archive
Bernanke Provides Opinion on State of Economy
Ben Bernanke testified on the state of the Nation. His concern was that the 8.3% unemployment rate understates the weakness in the U.S> labour market. He stated clearly that there are a lot of people who are either out of the labour force simply because they feel they can’t find any employment. Also a majority...
Gold Explodes After Fed Chairmans Comments
Gold higher as Bernanke testifies before Congress while the yellow metal explodes $23.60USD/oz @ 1746.40; Silver also up $0.51@ 34.26/USD/oz. Oil rises $1.58@$98.49USD/barrel. The Euro hit a recent high of 1.3521/USD, Range 1.2625-1.3521/USD within the last weeks. The C$ takes its’ cue from the Euro. Threats to an attack on Iran and debt crisis in...
Spanking Your Child a Touchy Subject
Yesterday evening while watching the nightly news I heard of the latest Canadian study that concludes spanking can be detrimental to the development of a child and more than likely cause problems later in life. Well if I apply this to my own experiences I would have to disagree 100%. Growing up in an Italian...
Reading Between the Lines of Employment #’s
On Friday US Employment numbers showed a drop in the unemployment rate from 8.5% to 8.3%. Though the results initially looked encouraging, the results may of not told the real story. In this election year, the government will throw everything it can to its’ re-election campaign. The numbers did not reflect the 1.2 million people...
Commodities Retract across the Board
Gold retracts after the better than expected employment #’s Friday. Once the skewed results are absorbed reality will set in. It is an election year and the games have begun. Look for the potential of $2000/USD in the near future. Gold slips $15.90USD/oz @ 1722.00; Silver down $0.12@ 33.63/USD/oz. Oil slips $0.48@ $97.36USD/barrel. The Euro...
The Thing About Luck
NFL Super Sunday did not disappoint as the game was determined in the last 2 minutes of the game with the N.Y. Giants defeating the New England Patriots by a 21-17 score taking Superbowl XLVI. The halftime show featured an ageless Madonna with her upbeat enthusiasm delivering on her promise to not disappoint. But disappointments...
Ground Hog Day- Does Life Seem Ho-Hum and Routine
February has arrived and so to has Ground Hog Day, the day we battered Canadians look forward to hear the news if winter will come to a quick end or we must endure the extra punishment. Fortunately for many Canadians, this year has been abnormal yet a blessing; as snow and horrible conditions have been...
Commodities Strong, except Oil
Gold forges ahead prior to employment numbers expected Friday. The Feds’ Bernake spoke earlier today discussing the deficit in the USA as the biggest concern and the European Crisis fallout as obstacles to improved results. Look for the potential of $2000/USD in the near future. Gold is up $12.60USD/oz @ 1759.70; Silver up $0.46@ 34.27USD/oz....
Canadian Mortgage Crisis? Does Our Government know something we don’t? Syrian Government Continues to Massacre their own.
The Federal Government of Canada has continuously mentioned and warned Canadians of the potential tsunami of personal debt load in this country. In comparison to other parts of the world, the Canadian real estate market has maintained and out performed many other parts of the world. As a result families that have been hit hard...
Agreement amongst EU Leaders; German and Italian Employment Results Diverge;Canadian Growth Slows; USA Confidence Slips
The EU came to a unanimous decision to tighten their spending, place controls and penalties to those that do not follow the rules. Ultimately they will need more money and will tax their citizens further potentially putting the global economy at risk. German unemployment rate declined to 6.7 in Jan. from 6.8 in Dec., helping...
Commodities Mixed
Gold retreats a little as markets await EU decisions pending market uncertainty and inflationary pressure, look for the potential of $2000/USD in the near future. Gold is off $0.40USD/oz @ 1730.60; Silver slips $0.20@ 33.33USD/oz. Oil rises $0.72@ $99.50USD/barrel. The Euro hit a recent high of 1.3521/USD, Range 1.2625-1.3521/USD within the last weeks. The C$...
The Value of Money
I was watching W5 an investigative journalism program on CBC, Sunday night. It was titled ‘Who is killing the Rizzutto’s’. This family which is based in Montreal maintains control and influence throughout the province of Quebec. They control via bribery; police, judges, ministers and many others in positions of authority. It is incredible the millions...
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