PM End of Week Market Commentary: GDX, GDXJ, GOLD, Silver, USD

On Friday, gold dropped -11.50 to 1132.30 on moderately heavy volume, dropping briefly below the 1130 low before rebounding slightly.  Silver fell -0.13, continuing its slow decline targeted on retesting the low set two weeks prior. While the buck rose on Friday and that seldom helps gold, it looked to me more like the shorts … Read more

Stocks That Benefit From The Strong US Dollar

Recently, I’ve had quite a bit to say about the fast paced growth we’ve seen in the US economy. My biggest problem with growth at an unsustainable rate is that it tends to push the value of the dollar up; harming foreign trade in the process. While this is a real concern, I do want … Read more

Will The US Dollar Strengthen On Non-Farm Payroll Data?

Recently, we’ve seen all eyes on United States economic data. After all, strong data could mean higher interest rates very soon; while weak data could mean a troubling outlook for the United States economy. Nonetheless, the overall opinion seems to be that investors are expecting the non-farm payroll data to bring good news. Today we’ll … Read more