Stocks are set to open the new trading week Monday lower, sharply lower. The benchmark S&P 500 futures contract is down over 100 points, while the Dow Jones Industrial Average has declined by nearly 1000 points. It is going to be a rough open as stock trading gets going, and there is one primary area […]
As the holiday-shortened trading week gets going Tuesday, investors will be on the lookout for any new developments in the ongoing spread of coronavirus. The weekend has brought few, if any, fresh headlines about the disease. An increase in the rate of infections could, however, be enough to fuel widespread risk aversion and selling in […]
The most noteworthy observation on the financial markets a month and a half into 2020 seems to be the resiliency of US stock markets. No market moving story, and there has been a few of them, can seem to change their trend and direction. To begin the year, we witnessed a US drone strike on […]
The gold market is under moderate selling pressure as stock markets move higher and risk appetite is on the rise. Fed Chairman Jerome Powell told a House of Representatives Financial Services Committee today that the U.S. economy is in a good place, even as he discussed the coronavirus and the long-term health of the economic […]
The stock market is sharply higher Monday as the new trading week gets underway. As stocks rise, global risk aversion is on the decline and perceived safe haven assets such as gold and silver are under selling pressure. Despite goldโs lack of upside today, however, its long-term prospects remain quite bullish. The yellow metal […]
The gold market is gaining further ground as the new trading week gets going. Fears of the coronavirus from China are on the rise, as new cases have been identified and as travel restrictions have been implemented. This week is also the Chinese Lunar New Year Holiday, the biggest Chinese holiday of the year. Authorities […]
Don Coxe famously quipped, โnever invest on the basis of a story on Page one, invest on the basis of a story thatโs on Page 16โthatโs on its way to Page one.โ His rationale is simple. The story thatโs already made its way to the front page and is top of the headlines is well […]
The gold market is slightly lower today following the Martin Luther King Jr. Holiday yesterday. The yellow metal is lower by over $2.00 per ounce at $1557.80 in mid-am trade. With no major economic reports due for release today, the markets are poised to focus on the larger issues at hand. These include geopolitics and […]
In 2019, 49 central banks cut interest rates 71 times. The Bank of Canada was not one of them. The US Federal Reserve accounted for three of those instances. Interestingly, the Canadian central bank stayed put. A stable enough domestic Canadian economy buoyed by a rebounding housing market was able to withstand the geopolitical turmoil […]
The New Year has been a busy one thus far, a trend that could be set to continue for some time. Although the gold market kicked off the new trading week on a poor note, the patient long-term investor could be handsomely rewarded. The yellow metal dropped sharply on Monday, trading lower by $14 per […]
For nothing more than an arbitrary statistic, as of Fridays close gold prices in US dollars are already up 2.3% on the year. That follows an approximately 4.5% gain in the month of December. The market technicians will remark of the strengthening seasonality picture this time of year also. Gold in January has averaged 3.4% […]
The gold market has come off Sunday nightโs nearly 7-year high of over $1590 per ounce, in a sign that the bulls may be exhausted. The market is still sharply higher, however, trading around the $1565 region in late afternoon action. The market could have found, or be close to finding, a medium-term top. […]
This week could be slower than last, as many investors avoid work, the markets and other responsibilities until the end of the holidays. The weaker dollar index likely played an important role in goldโs recent upside and could continue to do so. The dollar weakness seen Monday was quite likely attributed to word that […]
As North American equity markets generally made their way higher in 2019 (with hiccups in May and August), it was against headwinds of caution and uncertainty. Geopolitical market risks were elevated with many examples making headlines throughout the year. Front and center were the Brexit delays and negotiations, and a lingering UK election (for the […]
The gold market is slightly higher in early action Monday as stocks and investor risk appetite take a break from recent upside. As of this post, the gold market is up about $.80 per ounce at $1460.50 per ounce. The market had traded over $1464 earlier in the session but has come off its recent […]
According to Statistic Canadaโs monthly job report, Canada saw the biggest monthly drop in employment in November since the financial crisis. This staggering headline should have been somewhat anticipated given the recent disparity between employment growth tracked by StatsCanโs two different surveys; albeit, the shortened timespan over which this moderation occurred creates a shock. Job […]
As investors return from last weekโs Thanksgiving Day Holiday, markets may see an increase in volatility and movement. Stocks are declining in early action on Monday, as some key pieces of economic data point to a slowdown. The gold market is thus far not seeing much interest, however, as prices are down nearly $2 per […]
Post-election, the bears are coming out of hibernation. Itโs in stark contrast from the story being told during the third quarter. As the rest of the world cut interest rates to adapt to a slowing global economy, the Bank of Canada was able to stand pat. In the discussion, points were raised about their ability […]
The gold market is off to a slow start this week as stocks and risk assets see a heavier bid as the new trading week gets going. Although the news and headlines may sound a bit rosier today, for the most part the news simply appears to be more of the same that has driven […]
As we make our way into the end of the year, Iโm always very intrigued to read the market outlooks for the year ahead. It seems to be a time when economists and analysts make grandiose predictions for the twelve-month period yet are challenged with only having the ability to look through a myopic lens. […]
CAD ($)
USD ($)
