Markets

Jul 04, 2012 at 05:28

AUD/USD exhibits an ending diagonal of sorts in the hourly time frame. In particular we have seen a push higher which has been rejected. We now require some downside follow…

Jul 03, 2012 at 14:02

I maintain the scenario that I posted on September 8 2011, which calls for price unfolding off the January 2008 lows a Double Zig Zag wave (B).

Jul 03, 2012 at 13:36

The European Union has just completed its 20th "make or break" Summit in a little over two years, and actually managed to beat expectations. Two key agreements were reached on…

Jul 03, 2012 at 12:01

BlackRock CEO Larry Fink spoke with Bloomberg Television's Erik Schatzker and Trish Regan on "Market Makers" today and said that, "our politicians are guardians too, and they're not acting in…

Jul 03, 2012 at 11:50

News of a "monster" natural gas find in British Columbia has one again highlighted that North Americans need to make a choice. Do we want to keep the huge volumes…

Jul 03, 2012 at 11:11

In the wake of my last commentary on the horrendous Supreme Court decision upholding Obama's health care plan, several people have pointed out that I erred in saying that the…

Jul 03, 2012 at 09:34

Why Read: Because the Friday, June 29 financial markets collective positive reaction, and concurrent large increase in the gold price to the Eurozone 'agreement' on bank funding and austerity measures…

Jul 03, 2012 at 09:28

Friday's strong move to the upside caught a lot of traders on the wrong side of the market. Regardless of whether financial pundits refer to it as a short-squeeze or…

Jul 03, 2012 at 09:13

With a slowing economy and over-supply concerns, crude oil dropped 30% from its February 2012 high to the recent low. An out of favor market often needs an external catalyst…

Jul 03, 2012 at 08:34

Over the long term, the global financial crisis will probably push gold thousands of dollars higher. In the shorter term, rising commodity prices are gold's best friend.