The Fine Art of Zigging When The World Is Zagging.
Posted: October 6th, 2011 | Author: peeladmin | Filed under: Company News, Electronic Scrap Recycling, Scrap Metal Recycling | Tags: consumption, economic cycles, Europe, investor, market volatility, metals, October, risk management, solar roadways, USA | No Comments »
What is it about October that seems to bring out the worst in the financial landscape?
The volatility in the markets has continued in force this week. At the time we are writing this blog, the price of metals has taken a significant beating, including copper which has fallen about 25% over the last three weeks alone. Additionally, the Canadian dollar has been driven down about 10% against the U.S. currency since its peak in July and the Toronto Stock Exchange, with its heavy exposure to commodities, has dropped about 20% as the “bears” have come roaring back. Forecasters around the globe are busy re-forecasting economic growth and other important indicators.
