Oct. 9 (Bloomberg) — Gold prices dropped, paring the biggest weekly advance since April, as a stronger dollar cut demand and some investors sold the metal to lock in gains from its climb to a record. Gold prices closed...
Read MoreThe equity and commodity markets continue to rise as the U.S. dollar weakens. In a sense the forex markets are pushing growth towards the U.S. and taking it away from the stronger currency countries even as investors pile into...
Read MoreIn general the price of gold rises when the U.S. dollar is falling. In general gold prices outperform copper prices when interest rates are declining. In general the best intermarket back drop for gold prices would be a weak...
Read MoreOct. 6 (Bloomberg) — The dollar declined to its lowest level in almost two weeks versus the euro after Australia’s central bank unexpectedly raised interest rates on signs of economic strength, spurring demand for...
Read MoreWe have been arguing in favor of the Japanese yen for quite some time but we thought that we would attempt to explain where our bias comes from. To do so, however, we need to return to the action of the Canadian dollar through...
Read MoreIn terms of the ‘math’ of the markets yesterday was an interesting day. Interesting, we suppose, in the sense that it didn’t make much sense. Interesting in that the dollar and bond market rose while those...
Read MoreWe have a point to make today- hopefully- but chances are that we won’t get around to explaining exactly what it is until the third page. Between here and there we are going to focus on laying out the foundation of the...
Read MoreAs the month and quarter comes to a close we thought we would attempt to show one of the reasons why the recent markets have been so challenging. Challenging, of course, is another way of writing…...
Read MoreSept. 28 (Bloomberg) — U.S. stocks rose, sending benchmark indexes up the most in five weeks, as takeovers in the drug and technology industries added to evidence that mergers and acquisitions are rebounding from the...
Read MoreOne of our recurring themes over the past while has been that in between the peak of a commodity cycle and the start of what we believe will be a consumer-oriented cyclical trend (i.e. autos instead of steel, Japan in place of...
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