Tag: month end rally

The Month End Rally

Posted by WFG – September 1, 2011

TSX – 12,768.70

Dow – 11,613.53

S&P – 1,218.89

Nasdaq – 2,579.46

The Month End Rally

  • A month end rally helped the market, pushing figures higher than expected. We predicted a 5% rise and it climbed to around 8%.
  • Defensive stocks traded higher. Though banks and industrials were hit hard.
  • Gold prices hit their highest rise, since 2009, in August. But announcements in the coming days may contribute to it slipping. These include the American job numbers. If they are good then many experts will choose stocks over gold.
  • Don’t trust the month end rally though, as the next week will bring difficulties. Most people are away on holiday and the summer ends this week.
  •  Odds are that the market will fall, though this will depend on a number of circumstances. Read the rest of this article

Eurobonds and the Federal Reserve

Posted by WFG – August 26, 2011

8/24/2011

TSX – 12,343.81

Dow Jones – 11,320.71

S&P 500 – 1,177.60

Nasdaq – 2,467.69

Gold and Mining

  • Gold took a big hit as their prices continue to fall. Despite the market’s rise, investors were cashing in on the metal as they awaited the Jackson Hole summit. Speculation is mixed on whether the Federal Reserve will signal an extra round of U.S monetary easing.
  • If the Federal Reserve does approve more quantitative easing then the chances are that gold prices will rise. If they don’t, then gold prices will fall. With the uncertainty many have decided to take no risks as gold already hit a peak in early august. Read the rest of this article