BIG PICTURE – During the previous year, the stock markets of the developed world consolidated whereas the majority of the developing nations performed poorly. In 2014, the European stock markets essentially traded sideways, Japan produced modest growth and...
Today is a US holiday which generally makes for an illiquid market in USDCAD which in turn could lead to some exaggerated moves. Not much in the way of economic releases this week although Wednesday’s Bank of Canada interest rate statement and Monetary Policy Report...
The Swiss Peg cracked because of the flight of capital from Euroland. There is still a risk that the money flows more into treasuries going into the end of the summer. The more unstable Euroland APPEARS, the more capital will flee to the dollar. The higher the dollar,...
Shopping malls across America are going to look a whole lot emptier soon. An exodus of giant retailers is beginning with the announcement of hundreds of store closures and thousands of people newly unemployed. The first of January, I broke with my usual tradition and...
In October, we alerted traders at SafeHaven to watch gold and silver prices for a development that could signal the market low: “Traders should be aware that gold and silver are likely to make their respective lows at approximately the same time, possibly even...