- The US stock markets fell this past week for the 3rd week in a row. Not even the highly successful LinkedIn IPO could save it. Dominique Straus-Khan the head of the IMF was forced to resign his position because of the sex scandal but it appeared to not have any impact on the markets.
- Bond prices rose again as the US is still acting as a safe haven from the European debt woes. Greece downgraded, Italy on negative watch and a government is about to fall in Spain.
- Gold rose and the precious metals stocks had their best week in past few. The US$ was weaker but so was the Cdn$ as oil production was cut in the west due to the fires.
- Energy prices rose and the energy stocks eked out gains. Hard to say at this time what the impact will be from the fires in Alberta.
NOTE: A full report will resume next weekend.
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