Gold Hits Record High – Are you buying or Selling? CORNWALL ONTARIO

Gold Hits Record High – Are you buying or Selling?  CORNWALL ONTARIO

Last time I stepped into Pommier Jewellers here in Cornwall the store was packed with happy shoppers.   Is the high price of gold causing you to buy or sell?   Gold hit $1070.80 US in London yesterday, a new world record. I always get nervous when a stock or financial device hits a record level as […]

Record Low Canada Savings Bonds rate – where to save your money?

Record Low Canada Savings Bonds rate – where to save your money?

Real Estate listings in several area cities such as Ottawa and locally in Cornwall have prices inching upwards, especially while interest rates are so low, are sparking questions where to put your money safely? The Stock Market isn’t for everyone, and I personally, like some of you, are not big fans of mutual funds.     Many […]

Is October Going to be the next big Market Crash?

Is October Going to be the next big Market Crash?

I’ve always felt that the stock market has been a basic game of 3 card monte.    You can “guess” right, but you have no real control of how it can go.  The market can defy logic at times, and that usually is because what the average consumer knows is a whole lot less than the […]

Buy American not really good for America

Buy American not really good for America

I hate populist gut reaction politics.    This whole Buy American thing in response to the recession is just plain silly and in some cases spites the nose the feeds the something or other…..   L I N K “There are some real downsides to Buy American,” Brady said in an interview. “It delays projects. We have […]

The Financial Page

The Financial Page

Here is a list of interesting bits from the news as I am hearing a lot of people over enthusiastic about the economy recovering. While we do have things a bit better in Canada than in the US or other parts of the world the recession is still there and its impact is most likely […]

150 Years for Bernie Madoff

150 Years for Bernie Madoff

This is such an interesting case philosophically speaking.    People are sentenced to less time for murder than for stealing money.    Was it the crime or who the victims were and the publicity of this case that drew such a penalty? L I N K “He stole from the rich. He stole from the […]

List of 25 Hedge Fund Managers that MADE MONEY in 2008

List of 25 Hedge Fund Managers that MADE MONEY in 2008

Yes, while Rome burns around us there is a core of Money people that predicted the current crisis and have made a whack of dough. L I N K Alpha Magazine’s 2008 Top Moneymakers 1  –   James Simons, Renaissance Technologies Corp, $2.5 billion 2   –  John Paulson, Paulson & Co, $2 billion 3 […]

Habs Drink Tang – 5 points worth!

Habs Drink Tang – 5 points worth!

Montreal GM and head coach Bob Gainey’s breathing better tonight as the Habs, led by Alex Tanguay’s 5 point night thrashed Atlanta. Alex Kovalev crept out of the dog house and put two goals in the night. The Habs were outshot 25-22 and Carey Price recorded a rare win for him of late. The win […]

Stick a Fork in The Outback Steakhouse in Ontario

Stick a Fork in The Outback Steakhouse in Ontario

L I N K I never ate there.   It seemed too gimmicky to me.  I like a good steak, but heck, they eat Kangaroo in Australia…not sure they know much about good old fashioned Canadian Grade AAA Beef 😉 The company is um, erm, trying to figure out what to do for those Ontarioan’s with […]

Stock Market Rallies – Sucker move or the Real Thing?

Stock Market Rallies – Sucker move or the Real Thing?

LINK Beware the Ides of March. The Stock Market has been shooting up this week.   Is it a true rally or simply big money driving the Market up before allowing it to collapse further? While stocks have fallen dramatically and there have been a few good buys overall I think the market has not hit […]

BIG $$ back in Hollywood

BIG $$ back in Hollywood

Just like in the Great Depression people are going to the movies to forget their troubles.   LINK Back-to-back-to-back all-time monthly records and almost $2.6 billion in the bank by March 31 would be further proof that the movie business is recession proof. In fact, the more dreary the economic news becomes, the more Americans seek […]

NDP attack the budget – Tax Cuts Don’t Work

NDP attack the budget – Tax Cuts Don’t Work

LINK “Tax cuts are great if you still have your job, but if you’re one of the 400,000 people in manufacturing who have lost your job, tax cuts aren’t going to help very much.” Mulcair said Can’t argue with Thomas Mulcair on that one. Frankly I’m fed up of the Government burning through Canadian Taxpayer’s […]

Gold Prices Spike – + $1,000.00 per ounce!

Gold Prices Spike – + $1,000.00 per ounce!

LINK Scary times make people do scary things and it looks like right now a lot of people are parking their investment dollars in Gold. This rally is about hoarding. That is what makes it scary and it is the reason why it is likely to continue till more optimistic economic news drives investors to […]