The German Bunds & War
Geopolitics surrounding Ukraine and NATO’s push for war are set to disrupt the fiscal consolidation efforts in Europe. At the same time, growth challenges call for much more significant investment [...]
The commodity industry is bracing for a high year of bankruptcy and default filings that will impact mining and metals along with oil and gas. Moody’s has also warned of global speculative-grade corporate defaults that will increase by more than 30% in 2016, reaching the highest level since 2009. Those interested in mining shares should pay close attention to what they are buying. Until gold crosses that key resistance, we still have only a typical three-month reaction. A rally must extend beyond March to be impressive.