"Even though the Dow is at new highs today, it’s at a two- to three-year low if you price it to real money, which is gold. Stocks are not going up, the value of money is going down and gold proves that. What hurt gold up until this year was the widespread [...]
"The oil markets have fallen back from the $50 per barrel mark due to questionable Chinese demand and an expectation of early restoration of supply outages. Crude is currently entering a corrective phase, which could take it down to $42 per barrel and lower." Image Source: Ding Jianzhou / Imaginechina via Bloomberg Source: oilprice.com
"Oil prices fell nearly 5 percent on Thursday, reversing early gains after the U.S. government reported a weekly crude draw that disappointed market bulls expecting larger declines. U.S. commercial crude stockpiles fell by 2.2 million barrels to a total of 524.4 million in the week through July 1, the Energy Information Administration reported." Image Source: [...]
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"Commodity investors generally agree that the oil market is coming into balance, but huge stockpiles of fuel and teeming strategic Chinese crude inventories could send prices on one last, ugly slide lower, analysts tell CNBC." Source: cnbc.com
"Canada posted a near-record trade deficit in May, as volumes of both exports and imports slumped. “On the year, imports are down by roughly 2 per cent, highlighting in part the difficulties the Canadian economy has faced in generating firmer internal demand,” said economist Nick Exarhos of Canadian Imperial Bank of Commerce in a research [...]
"Stock markets in North America tumbled, crude oil prices took a drubbing and the Canadian dollar fell nearly a full cent Tuesday, signs that uncertainty about global economic growth and the United Kingdom's decision to leave the European Union continue to confront investors. The August contract for oil slid US$2.39 at US$46.60 per barrel. That [...]
"Construction spending declined 0.8 percent in May following a 2 percent tumble in April, the Commerce Department reported Friday. The April figure had been the biggest monthly setback in five years. The back-to-back declines in overall construction caught analysts by surprise. They had been expecting a rebound following the big drop in April. Economists, however, [...]
"“If Brexit is used as an excuse, the central banks will print more money, QE4 in the U.S. is on the way and the depreciation in the purchasing power of currencies will continue,” Faber said in the interview from Hong Kong. “In that situation, you want to own some gold.” Bullion for immediate delivery rose [...]