Post-election, the bears are coming out of hibernation. It’s in stark contrast from the story being told during the third quarter. As the rest of the world cut interest rates to adapt to a slowing global economy, the Bank of Canada was able to stand pat. In the discussion, points were raised about their ability […]
The gold market is off to a slow start this week as stocks and risk assets see a heavier bid as the new trading week gets going. Although the news and headlines may sound a bit rosier today, for the most part the news simply appears to be more of the same that has driven […]
As we make our way into the end of the year, I’m always very intrigued to read the market outlooks for the year ahead. It seems to be a time when economists and analysts make grandiose predictions for the twelve-month period yet are challenged with only having the ability to look through a myopic lens. […]
The gold market saw some further selling on Monday as chart-based sellers appear to be increasingly emboldened. Although the U.S. Government was closed on Monday in observance of the Veteran’s Day Holiday, stock markets were open. Action was not predetermined in either direction, however, as the benchmark S&P 500 finished the day slightly higher while […]
Last Friday, Bank of Montreal likened the events to take place on the economic calendar this week to essentially every major world sports event taking place within a 24-hour time period. From GDP prints in the United States and Canada to Brexit deadlines to central bank meetings, there was the potential for some market moving […]
The gold market is moderately lower in early action Monday as stocks remain not far from record highs. Although a bullish outlook for stocks may keep any gains in metals limited, gold and silver are not likely to fall too far. Numerous issues could potentially keep the metals on the offensive, including ongoing U.S./China trade […]
Although markets are open on Monday, U.S. banks are closed. The day has been quiet as many celebrate the Columbus Day Holiday. Stocks were mostly mixed while gold saw some slight gains on the session. A degree of risk aversion appears be creeping back into the marketplace to start the new trading week. The […]
There is less risk aversion in the marketplace as the new trading week gets started, and easing fears are weighing heavily on the gold market. In early action, the yellow metal is down at a seven-week low, trading into chart support around $1480 per-ounce. The market is reacting to news that the Trump administration […]
The markets will kick off the shortened trading week following the Labor Day Holiday with all eyes again turned to the ongoing U.S./China trade war and the latest developments in the Brexit saga. Over the weekend, 15 percent tariffs went into effect on about $110 billion of Chinese goods in the latest escalation in […]
The gold market ended last week with a bang, finishing higher by nearly two percent on the final trading day of the week. The market currently has upside momentum on its side and could potentially test the $1700 region in short order. The metal has numerous issues that may continue to provide strong tailwinds. The […]
CAD ($)
USD ($)
