The Dow rose 3.09% over the week while the S&P 500 lagged only rising 2.28% but the Nasdaq rose 4.23%. Up in Canada the TSX rose only 1.92% and the Venture was up 1.24%. It still baffles me why the US markets are rising while the news...
The precious metals are on fire literally and the green in our portfolios is a sight to behold and enjoy. There are so many charts to look at this month so I will get right into it and be as brief as I can.
Metals Review
The Dow was basically unchanged on the week gaining 0.1%. Same with the S&P which rose 0.47% and the Nasdaq was lifted 0.71%. The more important thing I noticed while looking at these indices weekly charts was that they all showed what...
Last week GFMS and the Silver Institute released their annual press release which sums up the basic supply demand equation. GFMS is renowned for their bearish stance on gold and silver and have been very conservative and wrong for the...
Another week, another move higher. I am nearly convinced that the storm has passed now and that sunny days are ahead for a long time. That is what I will say in 2012. We are far from through the storm and I don't think we have even come to...
The Dow rose 1.69%, the S&P rose 1.30% and the Nasdaq gained 1.47%. Up in resource rich Canada the TSX fell 0.55% and the junior heavy Venture exchange rose 0.33% and the loser of the week was the TSX Global Gold Index plummeting 7.90...
The markets in general just couldn't eek out a seventh week of gains. However they didn't lose much and are holding up surprisingly well in the face of worse and worse news, for now.
Another week full of "good" economic news has passed. Preliminary bank earnings floated the stock markets late in the week. Although the specific banks earnings won't come out for another two weeks the talk is that they will be great. I...
Historically, bear market rallies have lasted 18 to 21 days on average and we have just finished that cycle late in the week. Will history rhyme this time? I think Mark Twain may have it nailed this time. Most of the banking and financial...
It seems the dead cat bounce may now be behind us as the US markets resumed their decline late in the week after testing important breakdown levels. The Dow Industrials average rose 0.75% while the S&P rose 1.58% and the Nasdaq went up...