For a while there it looked like a real rally going on but then it stalled. Energy is still where the action is but let's go through the routine and see what's really what.
The situation with the U.S. dollar is getting downright spooky. Even though the dollar moved higher this month, it remains bearish, the major trend is down and worldwide sentiment continues to worsen.
Louis James sitting in for Dave Forest, reporting on precious metals rising, but not helping Vancouver's Juniors much. Political excitement in Ecuador has mixed results for mining companies. The economic outlook in the U.S. and China remains key.
We've seen impressive run-ups for many commodities over the past year-uranium, copper, gold and even less-followed metals such as lead have all seen double-digit percentage growth in price.
A wise man many years ago said that the markets do what they need to do to frustrate the greatest number of investors most of the time, or something like that. Gold is frustrating investors, that's for sure.
A look at what made news in the Canadian junior resource sector this week.
Technical analysis shows that markets are in the grips of a sea change from stocks to tangible assets such as gold.