The Yen Approaches 100, The Euro Stabilizes - April 8, 2013 21:33

We have not seen the end of the Yen debasement by any stretch of one’s imagination.  The Japanese monetary dumping ground has been in free fall since markets opened Sunday night and the USDJPY pair is now comfortably over 99 and headed to 100 easily this week.  The U.S. bond market has given back more […]

Gold Rockets Up on Risk Off Trade Returning - April 6, 2013 0:06

Even the late afternoon ramp in equities could not dampen the bullish atmosphere in the precious metals futures pits today.  After a horrific Non-Farm Payroll print that even CNBC couldn’t spin in a positive light, Gold shot up past $1570 and then subsequently twice pushed through obvious capping action at $1566 and $1572 before ending […]

U.S. Employment Data Sends Markets Reeling - April 5, 2013 19:20

The only surprise I can register over today’s Non-Farm Payroll report from the U.S. is that it was allowed to be released in its current form at all.  The comedy value of much of U.S. economic data has reached a point where it rivals Monty Python re-runs in terms of hilarity due to shock and […]

Gold Continues to be Pressured by Commodity Weakness - April 4, 2013 1:12

The cover story at this point for the latest operation in the Gold market is commodity weakness today on weak employment data.  Since silver is now trading wholly along with the commodity complex when it is convenient then gold is dragged along with it.  In other words folks, there is no rhyme or reason to […]

Gold and Silver Shellacked - April 3, 2013 1:49

At this point I’ve got to say that it is becoming nearly comical the lengths to which our central planners will go to keep the world from panicking over their own profligacy.  The attack on Gold and Silver today was one of those near comical moments.  At this point what do they think they are […]

Energy Prices Rise to Begin Q2 - April 1, 2013 22:40

The first quarter of 2013 were a complete roller coaster ride in the energy space.  We saw U.S. gasoline futures de-couple from Brent crude prices on RIN speculation and natural gas prices close the quarter back over $4.00 per million BTUs for the first time in nearly 2 years.  Quietly, with the continuing saga unfolding […]

Gold Succumbs to Shorting Pressure - March 29, 2013 3:00

While we are watching record amounts of gold stand for delivery on the COMEX and the European banking system being delat irreparable body blows in the hope of re-igniting money velocity gold was relentlessly sold even though the GDP and unemployment data coming out of the U.S. was below expectations.  This should have sent gold […]

Gold Rebounds Despite Euro Weakness - March 27, 2013 23:16

When the full extent of the horror show that is the final solution to the Cyprus problem finally hit the newswires, the Euro exploded to the downside taking gold and silver with it.  The problem, of course, is that Cyprus might not even be fixed, just like Greece was never fixed.   Moody’s is convinced it’s […]

Gold Continues to Hover Near $1600 - March 27, 2013 1:00

As the fallout from the Cyprus deal continues to settle into the markets and we approach the end of the month, Gold is caught in a crosswind between the obvious demand in the physical market and the needs of the futures market to maintain order, given the unbalanced nature of the COT report at last […]