Monthly archive March, 2012
Dreams Are Meaningful If You Can Read Them
I am not sure if it was the announcement of the Ontario Government budget or something within my subconscious mind that woke me out of my sleep. In my opinion, you can’t trust a politician as far as you can throw one. The reason I never pursued becoming one was because I once watched the...
Commodities Pullback
Gold pulls back after surging to USD$1695 from $1627.90. A weekly close below USD$1626.90 could send the yellow metal toward $1000 very quickly making investors cringe and soil themselves. Gold is down $8.80 to open @ 1649.10; Silver slips $0.12 @ 31.71/USD/oz. Energy is a reality as it is the driving force of industry and...
Federal Budget Announced Today; Canadians Fear an Interest Rate Rise; USA Jobless Claims and Consumer Confidence Improve
Today the Federal Government announces its’ budget. Canadians will see approximately $8 Billion in spending reduced; Old Age Security moving mandatory retirement from 65 to 67 years of age. Anyone 55 years and younger will need to give more blood, sweat and tears. Research and Development; Defence-no more Afghanistan; Foreign Affairs; Public Service; Aboriginal Funding;...
A Travesty of Justice Can Turn a Wrong into a Right
America the beautiful was tarnished once again last week when a teenager Trayvon Martin walking home from a corner store with Skittles in his hand and wearing a hoodie, was shot dead after pleading for his life. George Zimmerman a neighbourhood watchman, who on many previous occasions, called police regularly, as if he actually believed...
Commodites Surge to Begin the Week
Gold surges once again after being under pressure within the last few weeks as the one week and daily chart for gold show that a breach of $1627 and $1645, respectively, could send the yellow metal toward $1000 very quickly making investors cringe and soil themselves. Gold is up $21.10 today @ 1683.50; Silver also...
Federal Reserve needs Consumers to Rise; Nuclear Summit in South Korea Canadian Sex-Trade Laws Deemed Unconstitutional
Ben Bernake the Federal Reserve Board Chairman says despite three months of strong hiring and pro-stimulus policies, further job gains will require robust consumer and business demand. Similar problems are plaguing economies all over the world. How can people spend if they have no jobs or little money put aside for nondiscretionary spending? Recently in...
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...
I think I love you!