Stick With Gold Shares

Gold still has upside, and gold shares could soon play “catch up”. ur Commodity &  Energy Strategy believes that it is too soon to give up on gold and the same is true for gold shares. Gold miner profits track gold prices and this has not … [More.]

Eurozone Growth Remains Weak In Q3

The euro area managed to eke out a 0.2% growth rate in Q3, matching the previous quarter he solid growth in Germany and France (at 0.5% and 0.4%, QoQ respectively) seems to be the only remaining driver of the struggling euro area economy, … [More.]

Making A Separation

Stock markets seem to have been trying to separate the euro zone crisis from economic fundamentals elsewhere in the world. Back in August, financial markets were grappling with three big risks: a double-dip recession in the U.S., a total implosion … [More.]

The Fed: Impotent But Not Giving Up

The Fed has largely exhausted its policy options and is divided about what to do next. Talk (aka communications) rather than monetary stimulus is now the preferred strategy. The Fed’s extreme policy activism may have prevented economic disaster, b … [More.]

Fragile Equilibrium?

Last week's income, consumption and inflation data suggest that the U.S. economy continues to muddle through, but the most interesting stories may be found beneath the headlines. The rush of high-impact economic data likely did nothing to change … [More.]