The gold market hit a 6-year high in recent trade and appears poised for further upside. The metal may be vulnerable, however, to a corrective pullback before seeing a fresh leg higher in price. The market currently has several tailwinds working in its favor, and the trading week could bring with it fresh news that […]
Central bank policy decisions and the direction for interest rates have once again captured the focus of economists and financial market analystโs midway through 2019. The ongoing trade dispute between the United States and China, which has entangled Canada through the extradition hearings of a CFO of a major Chinese technology firm, has continued to […]
Is the next great financial crisis already in the making? That may be the question many investors are now asking, and recent economic and geopolitical developments seemingly suggest that the next major recession could hit as soon as next year. The U.S. Fed is widely expected to clear the way for a July rate cut […]
There were two notable bullish calls for the yellow metal this past week. One was from hedge fund manager, Paul Tudor Jones, and the other from DoubleLine Capital founder, Jeffrey Gundlach, who is regarded by some as the โbond kingโ for his past forecasts. Their investment outlooks for gold were related and echoing other large-scale […]
The last week saw gold and stocks rallying together and that positive correlation could have some room to run still. Stock investors are now seemingly cheering on bad economic news as any misses in key data points could bolster the case for lower rates. On Friday, the U.S. Department of Labor reported that the country […]
The performance of North American equity markets in May illustrated the escalating tensions between the worlds two biggest superpowers. The S&P 500 fell 6.5% for its worst month of the year and the Dow Jones Industrial Average posted its sixth straight weekly loss, which tallies the longest slump for the blue-chip index all the way […]
The gold market is on weaker footing in early action Tuesday as traders return from the long Memorial Day Holiday. Stronger stocks and a higher dollar are likely the primary culprits behind the selling today, and the market may see increased technical selling pressure if prices dip below the $1270 level. The gold market […]
There has been no shortage of headlines over the past several weeks that have continued to unsettle financial markets and maintain focus on the trading relationship between the worldโs two biggest economies. Last week ended with Chinaโs crown jewel, Huawei, being added to the US Commerce Departments entity list, restricting US businesses relationships with the […]
The gold bulls will look to stabilize the market in early action this week after the metal saw some sharp declines late last week. The price of gold declined by around $35 per-ounce between Thursday and Friday and has once again found itself in a band of support in the $1280-$1290 region. The selling seen […]
The gold market is finally seeing some significant flight-to-safety buying as the sell-off in stocks accelerates. In early action Monday, the benchmark Dow Jones Industrial Average is down by some 550 points for a decline of over 2 percent. The recent string of declines has been attributed to the lack of a U.S./China trade agreement […]
No Apparent Theme ย Download PDF A week ago Friday, the US jobless rate fall to a 49-year low. Eleven years into the economic cycle the US labour markets continues to have legs. The takeaway was that with no change in wage growth month over month we are still yet to see and signs of rampant […]
Global Growth and Stock Market Melt Up? Download PDF There were similar patterns over the past few weeks in the first quarter GDP prints from China, the United States, and the European Union. Economic growth fared better than expected. This is notable given the two countries and one region account for over half […]
The start to the trading week has seen volatility come roaring back into equities. The CBOEโs fear gauge, the VIX, is up nearly 30 percent in early action as the Dow Jones Industrial Average has dropped nearly 300 points. U.S. President Donald Trump caught investors off-guard over the weekend with a pair of tweets that […]
Out of the challenges faced in recent weeks, some positives have emerged. Despite having to contend with numerous, potentially negative headlines, the gold market has shown some significant resiliency and could be set for a bounce-back in the sessions ahead. Worries over a global slowdown have continued to dissipate, at least for now. Last […]
Download PDF Leading into the Bank of Canadaโs (BoC) interest rate and policy announcement this past Wednesday, expectations were for the Canadian central bank to abandon any guidance of future rate increases. Those expectations were met. The big surprise though was that the Canadian central bank dramatically trimmed their economic growth forecasts for 2019. Following […]
The gold bulls may be looking for a rebound in the week ahead after the metal saw some sharp selling last week. Thursdayโs 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 weekโs FOMC meeting taking place Tuesday and Wednesday […]
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