FEB14 gold’s rally yesterday was extremely short-lived, as it is right back down to $1,219 this morning, down $28! We would not be surprised, as we have been saying, to see gold break below $1,200.
The stock market could use a healthy correction soon, before prices start rising at an unsustainable pace.
The Canadian dollar appreciated for the first time in five days, rising from a more than three-year low, amid speculation employment growth may suggest stronger economic improvement than the Bank of Canada indicated.
Three Wall Street trade groups say the CFTC's policy governing overseas trades is lacking in several areas.