Perspective adds more clarity to market action instead of looking at events in isolation. A very telling example this past week was US equity markets had their worst week since financial crisis and the quickest decline of more than 10% from their most recent high, in technical terms referred to as a correction, in the […]
The gold market is off to a good start to kick off the new trading week as prices are up over $8 per-ounce in early action. Strong safe haven demand and technical buying are featured and could potentially lead to further gains in price in the coming sessions. Last week, the U.S. Federal Reserve […]
Another major geopolitical issue can now be added to the list of bullish catalysts that could potentially send gold sharply higher. Over the weekend, the largest Saudi production facility was attacked, igniting fears of a major conflict in the Middle East. The attack reportedly removed 5 million barrels per day from the market which is […]
All the economic and market chatter through the final summer months seemed focused on whether a recession is looming, and whether it will be a result of policy missteps (potentially led there by one global superpower and their bombastic president). It seems somewhat pedantic waiting for a shoe to drop as we’ve seen global economic […]
The gold bulls may be looking for a rebound in the week ahead after the metal saw some sharp selling last week. Thursday’s action saw the brunt of the selling pressure as the metal declined by 1.5%. Although a host of factors could be at work, the steep drop was most likely fueled by increasing […]
Although gold has not been able to extend its recent rally, the market could potentially be turning a key corner that could pave the way for a more sustainable run higher. A number of issues currently in play could set the stage for an upside breakout from recent highs and such a move could be […]
Things are not always what they seem…The old saying could make a great deal of sense against the current economic and geopolitical backdrop. With the conclusion of the Mueller report now in the rear-view mirror, investors will again focus their attention on the bigger picture. They may not, however, like what they see. The […]
The week ahead could be a doozy. On Friday, Special Counsel Robert Mueller III submitted his long-awaited report on Russian interference in the 2016 U.S. Presidential election. Mueller sent the report directly to Attorney General William Barr, who will now decide how much, if any, of the report to release to Congress and the American […]
The gold market is slightly higher in early trade Monday as a weaker dollar index gives the market a boost. Markets are fairly quiet across the board to start the new trading week as there was little news over the weekend to shake things up. This week’s FOMC meeting taking place Tuesday and Wednesday […]
Over the weekend, Fed Chairman Jerome Powell gave an interview to CBS’ “60 Minutes” in which the head central banker stated that President Trump cannot fire him. Although Powell avoided direct commentary regarding the criticism from President Trump on the Fed’s policy actions, he did seem to make clear that he intends to serve out […]
CAD ($)
USD ($)
