Monthly archive July, 2013
Gold Melting At the Start of Summer
Down approximately $300/oz within the last few months, from USD$1501 we saw a little reprieve in the gold price after breeching the USD$1200 mark. It looked like a total freefall as many looked at the past performance and locked their money into funds hoping for better returns. Unfortunately, manipulation in the paper market has been...
Continued Stimulus Drives Markets Higher; Retail Sales Disappoint; American Justice?
An unprecedented three rounds of central bank stimulus have helped drive the S&P 500 up 149 percent from a 12-year low in 2009. The index slumped as much as 5.8 percent after Bernanke signalled on May 22 that the Fed could start scaling back bond purchases as soon as September. Stocks have since recovered all...
A Sad Example of Leadership
I thought Dalton McGinty quit yet he was back in the spotlight a few weeks ago to take part in an inquiry investigating the $585-million gas plants scandal in Ontario, Canada. Having become a smooth politician in his career, he simply dismissed the government committee, deflecting all criticism and shifting the conversation. This Teflon Don...
I think I love you!