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Daily Archives: March 22, 2012
Gold co’s losing the battle
As Gold companies trade down with other commodities and stocks this morning, we note key support around 21.70 for the XGD (Cdn gold co ETF) has now been broken to the downside with the index back below 21. Down now … Continue reading
Copper and Canadian stock market: siamese twins
With copper off more than 2% to start this morning on news that Chinese manufacturing is still contracting, it is instructive to remember the extreme correlation between the Canadian stock market and the price of copper over the past few … Continue reading
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Economic recovery & corporate profits, 2011 redux?
Discussing whether the American economy has turned a corner and the importance of corporate profits on GDP, with David Rosenberg, Gluskin Sheff + Associates and Richard Bernstein, Richard Bernstein Advisors. Steve Leisman’s usual nonsense aside, the perspective on recent market … Continue reading
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