Trader’s Narrative

As gold bullion made a third attempt at the round number $1,000 there is a rush to feed a seemingly insatiable demand for gold securitization:

The most recent related IPO was the Claymore Gold Bullion Trust (CGL.un) on the Toronto Stock Exchange. Claymore is a small but innovative Canadian based asset manager and they’ve created a […]

I was watching Research In Motion (RIMM) because it had recently gapped up. But since it trades at the same time on both US and Canadian stock exchanges, I also compared the US and Canadian charts (technically RIM also trades on other exchanges but they are in different timezones). In any case, here’s the US […]

Way back in May 2008 I wondered: Will Sprott IPO Mark Top Of Commodity Bull Market?
Yes. Yes, it did.
For those unfamiliar with them, Sprott is a boutique asset manager in Canada. The IPO of Sprott was an accurate tell for the commodity market top because of the firms expertise in and their cheerleading of the […]

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The Canadian government introduced a really smart new way for its citizens to save for their future by introducing Tax […]

Today’s Bank of Canada rate decision is being watched very carefully. Not because of any lingering doubts about what they will do; because according to the rate futures there is a 100% expectancy of a 50 basis point cut (and a 73% chance of a 75 basis point cut).

The question on everyone’s mind is what […]