Christmas is in the air, with festivities of Ramadan and the Festival of Lights all culturally intertwining to form a more current version of celebration, as all traditions of the past have formed. Here in Winnipeg, the housing prices finally appear to have topped out, with no visible cutbacks on spending. There is a lot [...]
The whole family is gathered here, and I haven’t heard so much laughter in a long time. We are also celebrating the arrival of a new granddaughter. I hope you all have much to be thankful for, too. The VIX appears ready to break out of its diamond formation. This will likely be manifest by [...]
SHORT TERM: markets try to rebound from oversold levels, DOW (YM) -19 Overnight the Asian markets were mixed. Europe opened higher and closed -0.20%. US index futures were higher, then lower overnight: SPX (ES) -0.75 and NDX (NQ) -3.75. The US market is closed for the holiday and will reopen tomorrow. Bonds lost 15 ticks, [...]
The current trading environment is one of the most difficult that I can recall in recent memory. Risks abroad regarding the European sovereign debt crisis is keeping market participants on edge as headline risk seemingly surrounds traders at every turn. In addition to the risk posed by Europe, the market’s reaction to the Congressional Super [...]
Numerous problems are facing investors: The flawed structure of the Eurozone is coming back to haunt global leaders. The markets want the European Central Bank (ECB) to print money, but the golden rule applies: “He who has the gold makes the rules.” In Europe, Germany “has the gold”. Germany has seen what money printing can [...]
Avion management buy up Avion stock after it plummeted 27% in the wake of a production guidance downgrade and a tough week for gold in general. Originally from Mineweb – Daily news headlines
LONDON (MarketWatch) — U.S. stock futures dropped on Thursday, as losses for European equity markets intensified after France and Spain saw their borrowing costs rise at debt auctions. Futures on the Dow Jones Industrial Average dropped 64 points to 11,781 and those on the Standard & Poor’s 500 stock index fell 8.10 points to 1,222.7. [...]
With more resources under its belt, Lake Shore Gold aims to double mining throughput at its Bell Creek mill in Ontario. Originally from Mineweb – Daily news headlines
Overview The Metals & Mining industry encompasses the extraction (mining) as well as the primary and secondary processing of metals and minerals such as aluminum, gold, precious metals, coal and steel. The industry is oligarchic in structure, with a few producers accounting for the lion’s share of the output. The largest segment of the global [...]
I am a secular bear on financial assets like stocks. This is my bias. Although I understand we cannot have a replay of the 1930s in America (unlike Prechter), it has already occurred in Greece with an 87% loss from the 2007 peak to recent lows in October (versus 89% for the Dow in the [...]
Last week, the markets rallied sharply on news that banks were willing to take a 50% haircut on their Greek Bond holdings. It was a hell of a party, as many asset classes were joining “Oktoberfest” : Gold, Copper, Silver, Oil, Stocks,… The party was organized by Merkel and Co: Originally from The Market Oracle
At this point I think it’s pretty clear the general stock market is now in the initial phase of a new bear market. It’s trying to generate a bear market rally over the last three weeks, but so far it’s been pretty weak. That doesn’t bode well once the cyclical and secular bear trend resumes. [...]
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