Montreal, Canada

The International Monetary Fund (IMF) is likely to rain on the gold parade as it seeks to unload almost 200 tons of the metal to raise capital for this week's eurozone bailout. Investors should use the upcoming correction – which should be quite sharp but short-lived – as another opportunity to accumulate gold.

Montreal, Canada

Montreal, Canada

First it was Dubai, then Greece, and now it looks like Spain and Portugal are next on the firing line.

Imagine what happens to global capital markets if and when investors decide to dump Treasury bonds, driving interest rates through the roof and triggering the Mother of all sovereign debt crises?

Montreal, Canada

History shows that we've experienced only three major redemption cycles in U.S. stock mutual funds since 1983. And, if history is an accurate guide, then it seems pretty reasonable to suspect that stocks can rally much higher before hitting a peak in this cycle. That's because mutual fund investors haven't come to the party – at least not yet.

Montreal, Canada

The Americans, British and Swiss have done it. But the European Central Bank (ECB) refuses to launch a bond buying program.

Increasingly, it looks highly probable that as the EUR loses support and continues to fall sharply the ECB will have to instill a measure of confidence across the weakest eurozone bond markets. Greece needs a buyer of last resort – a big buyer. And only the ECB has the monetary muscle to make a difference and quickly.

Montreal, Canada

As the Obama administration faces enormous pressure to reverse its recent decision to boost Gulf of Mexico drilling, the United States should look to Canada to secure safely transportable and reliable oil. The disaster unfolding in the Gulf only solidifies Canada's place as a secure source of oil for the United States.

- Dugald Malcolm

Montreal, Canada

The cross of the short term upward trend line I had been writing about at the beginning of the month was eventually crossed.

Montreal, Canada

Does it pay to buy when there's "Blood in the Streets?"

In retrospect I should have aggressively accumulated U.S. large-cap bank stocks in March 2009. At that point, banking stocks had already crashed more than 80% from their all-time high. Some sort of dead-cat bounce was imminent. But at that time I truly believed the U.S. banking system was bust –and I still think that's the case today with most banks, especially mid and small-cap banks.