Interest rates have surprised most economists in the last year, as it was expected that long-term rates would rise with the Fed Funds rate hikes. To predict what may happen to interest rates, I must first explain how they became so low.
The US$ moves up a little, gold moves down a little, is the game of opposite movements in progress again?
Bear Creek hits silver, UEX tags uranium, Cameco eyes Boomerang, Continental cut gold-copper in Tibet and more this week on the Canadian markets.
A little upside here, a little downside there and we're back almost to where we started the week in gold.
There is always a temptation to comment on murderous events such as the London bombing but I'll hold my views to myself only to say that the Londoners have been through worse and are made of stern stuff.
Mustang Minerals drops on results, Aflease and Southern Cross aim to hook up, Forsys joins the uranium parade, Greystar hits new highs and more this week on the Canadian markets.
A quick look at the U.S. $ Index to see if it is still performing as one expects, in opposition to the action of gold.