Seven years of zero interest rates have created plenty of capital misallocation, mal-investment and yield chasing.
Eric gives us a new perspective on US economic recovery, trends to watch in 2016 and a selection of companies with the potential to break out.
It’s widely expected that the ECB and US Fed will drift even further apart in their basic policy stances this month.
Indeed, there have been some better readings on the US economy lately but things are far from outstanding.
Since the last issue the “optimistic scenario” has been the clear winner.
Markets, or rather the inter-relationships between markets, just seem to get stranger.
It’s all rainbows and ponies on Wall St right now which should make any sensible person a bit nervous.
Volumes remain high in the bullion markets and volatility is higher if anything.
The leading edge is starting to arrive.
The latest move in gold stocks looks strong enough to be the real thing.
Another period of sideways, with a few sharp turns along the way to keep traders on their toes. We basically stand where we were a month ago and we’re still waiting to see if we get a spring rally in resource stocks that lifts us above the March high for the Venture index.
Just when you thought it was safe to go back into the market the gold price and junior resource stocks drop and nervous traders declare the sky is falling yet again.
Precious metals, base metals, the juniors, major markets and the 'China issue.'
It’s possible new sellers will appear each time QE is reduced but reactions should get smaller as traders accept QE is ending and price it in.
A short period of something like normality hopefully means the small subset of juniors delivering real results will get a hearing and positive reaction to good news.
Gold continues to struggle and so do explorers.
As long as gold can continue to gain, the recent trading activity has the look of a double bottom.
There was little reason for optimism and certainly no optimists that we could find in the junior space this month.
More than six weeks into the new year and there is still no joy for junior resource traders.
The XEU (Euro) and gold charts presented on this page are a good reading of the short term track record of European and US central bankers. Since bottoming near $1.20 in July the Euro staged a 10% […]
This month’s calendar has been chock a block with one important meeting or vote or conference after another.
A country that represents less than 2% of the Euro block and a tiny fraction of the world economy continues to be the tail that wags the dog.
It’s that time of year again. Thirty five thousand people descended on Toronto to take part in the largest mining industry confab in the world.
Another month, another Euro area country in the hot seat.
World events continue to signal support for hard assets, but caution is still advised. News in the copper space is as much about consolidation of the players as the metal itself right now. The $7 per share bid by China Minmetals for Equinox Minerals (EQN-T, ASX) has offered some support for other mid tier copper assets.