Gold prices fell $2.56 an ounce on Tuesday, extending the previous day’s losses, as caution set in ahead of important data releases. The XAU/USD pair dipped to a low of 1195.27 before bouncing back to the 1206 level. Although gold prices dropped two days in a row, we are still trapped within the trading range of…
Bank of Canada is pleading with Star Trek fans to stop “Spocking” its five dollar bills. Since Leonard Nimoy’s death, Canadian folks have been “Spocking” the hell out of the five dollar bill that features a portrait of Canada’s seventh prime minister Sir Wilfrid Laurier. Sir Wilfrid now sports, on certain bills at least, pointy ears, the…
Innovation is selectively restrained in systems controlled by vested interests. Just as everyone supports “solutions” until the solutions crush their share of the swag, everybody supports innovation and transparency (IT) until IT disrupts their share of the swag. Then they scramble to hide the ugly truths and suppress the spread of threatening innovation. This parallel rejection…
In a surprise move, the RBI just cut its main interest rates for the second time in two months, taking it from 6.75% to 6.50%, in what the central bank calls a “pre-emptive” policy move, but what is in reality merely a confirmation that so far in 2015 at least 20 central banks have lowered…
I’m no stranger to shopping online, in fact, my wife and I have been big advocates for doing your entire grocery shopping online for a while now. However, until recently the only shops offering this service were the big grocery chains, and their prices were essentially the same as what you would find in store…
Written by Phil DeAngelo, Focused Wealth Management 401(k) retirement plan fees may appear negligible at a few pennies on the dollar. However they add up to a colossal amount of money for your nest egg over the span of your entire career. The vast majority of the 53 million people who take part in an work-sponsored…
The Pound Sterling edged higher against the Euro following the latest data release on UK construction which beat expectations and reinforced an improved start to this year despite uncertainty in UK politics. According to the February PMI construction report, the sector’s growth improved to a reading of 60.1 in February, a 4-month high and up…
Podcast: Play in new window | Play in new window (Duration: 13:16 — 6.1MB) DOW – 85 = 18,203 SPX – 9 = 2107 NAS – 28 = 4979 10 YR YLD + .04 = 2.12% OIL + 1.00 = 50.59 GOLD – 2.40 = 1204.50 SILV – .13 = 16.33 Just a few economic…
One of the recent trends I have seen in the market is some of the industrial and construction plays that have plunged with the price of crude oil are posting much better than expected results. These stocks are now staging impressive rallies that are only just beginning. Given how severely and unfairly these shares were…
For those who bought the breakout to 5,000 in the Nasdaq… We are sad to report that The Nasdaq Composite was unable to trade back above 5,000 today… An early dip into the red for the week was rescued, then another dip after Europe closed took all but The Dow into the red for the…
