TSX Venture Exchange and Gold
The Dow and TSX both retreated last week but the Venture continued its relentless push to reclaim the 1000 level as the Index climbed 26 more points or 3.4% to finish at 796, meaning another Fib. level has “fallen”. While Oil was under continued pressure, Gold and Silver both took off to the upside following the Fed’s statement Wednesday and an anemic U.S. Q2 GDP number Friday (1.2%) that was less than half what the so-called experts were calling for.
Gold has been saying for the last 6+ months that the State of the Union, on multiple fronts, is not healthy – how voters deal with that in November will be critical. In the meantime, astute investors in the junior resource market/mining sector can still make fortunes on top of the profits they have already bagged during the last several months.
We’ll show you why and how in today’s Week In Review And A Look Ahead…
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“a highly dangerous and expansionist Russia under Vladimir Putin”
Dear BMR, I listen with the utmost respect to your stock analysis for it is obvious you know what you are talking about, but please desist from geopolitical calls. Instead may I bring to both your and your audiences attention, in so far as Russia is concerned, the work of Professor Stephen Cohen, a long time student of Russian history and well able to refute your suggestion, picked-up from our disgraceful mass media, that Russia is ‘expansionist’.
Keep up the good work, Google Stephen Cohen, listen to him, and leave Russia out of your otherwise very good analysis.
Thank you.
(Stephen F. Cohen is Professor Emeritus of Politics and Russian Studies at Princeton University and Professor Emeritus of Russian Studies and History at New York University. He received his BS and MA degrees at Indiana University and his PhD at Columbia University.)
Comment by DINGO — August 1, 2016 @ 1:19 pm
Well, DINGO, geopolitics impacts markets and is one of the reasons we’ve made a great call on Gold this year. Understanding the very real threat from Putin and Russia is critical and we make no apologies for stating that case here. Cohen is nothing more than another far left American professor who has some strange attachment to Russia and has become a well-known apologist for Putin.
Comment by Jon - BMR — August 1, 2016 @ 1:42 pm