I will be traveling to Vancouver this weekend to speak at the 20th annual Vancouver Resource Investment Conference. Always fun to be on the west coast. You can see more about the show, or register to attend, here on line.
Recent moves in oil and gold are certain to be the topics du jour. My partner Cory’s charts offer a bird’s eye view of recent moves. Here is WTIC since 1985.
And here is the barbarous relic itself since 2007…
Today we are seeing fresh highs on the US dollar and inflows to gold. Clearly a world of over-valued assets, contracting economies, increasing deficits and weak currencies are all making ‘safe havens’ in short supply. Inflationary pressures are weak but gold may benefit from a renewed thirst for currency alternatives…
The Canadian TSX Composite meanwhile is convulsing higher today even as the loonie falls some more. It’s quite a mess out there. This chart of the TSX captures the mayhem since September. Nasty, negative bias still in play…
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