Commodities Taken to Woodshed In Election Bloodbath - November 7, 2012 22:11

Equities have put in one of the worst days they’ve had in months today on the news that Barack Obama survived his recall vote yesterday.  Tax rates on dividends and capital gains are likely to rise and the fiscal cliff is approaching rapidly.  The truth is that there was little substantive difference between the two […]

Election Changes Little, Gold Goes for a Ride - November 7, 2012 21:56

The U.S. elections last night proved to be a whole lot ofsound and fury signifying very little.  From a tactical standpoint the GOP got its head handed to it on a fiat money platter.  Their strategy was to sacrifice the presidency by running an empty suit in Romney and use the voter outrage to win […]

Right on Schedule, Gold Busts Back Through $1700 - November 7, 2012 0:22

You know, it’s getting a little silly to be honest.  I really wanted to believe that the Gold and commodity markets were not being manipulated down before the U.S. presidential election but after today’s action in the markets it is hard to not believe it. After grinding inch by inch higher for near 48 hours […]

Gold Holds $1675 Pre-Election, Grinds Higher - November 5, 2012 22:32

Looking at the chart of Gold after this morning’s dip near the European open looks like the price equivalent of watching a tractor pull at a strongman competition.  Every 15 minute bar on the December contract is just another small step forward as bulls refused to be beaten back but bears refused to give much […]

Gold Bursts Through $1700 as Winter Sets In - November 3, 2012 0:50

In the face of the BLS Non-Farm Payroll report which looked for all the world like another 9-sigma event, funny how those keep happening the closer we get to the election, gold could not stand up to the onslaught of bullion bank selling as it looked like a number of the professionals decided to front-run […]

Gold Spies $1730 and Retreats, Six More Weeks of Winter - November 2, 2012 0:01

There was a moment to start the month this morning where Gold looked like it wanted to take a crack at last week’s high of $1731.45 on the December contract, now the front-month contract.  But, like the east Pennsylvanian ground hog, it saw its shadow and retreated for the safety of the $1710’s, closing the […]

Gold Ends the Month Up, Stablilizing near $1720 - October 31, 2012 21:56

The estimates for damages done by Hurricane Sandy are growing well north of $50 billion and between that and the loss of function for much of the Eastern seaboard will have the central banks in ctrl-p mode, so much so that even though today was futures expiration for the November delivery contract, Gold was able […]

Markets Closed, Gold Drifts Sideways - October 30, 2012 0:29

With Halloween falling on a Wednesday this year this may be another opportunity for some kind of dislocation in the Gold market as the November contract expires on that day.  I say this because of what happened the last time the month ended on a Wednesday, the Leap Day massacre that dropped Gold by more […]

Gold Ends Strong, Still Off $10 for the Week - October 26, 2012 23:08

The evening rise in Gold was cut short early last night around midnight EST where data coming out of Europe spooked the market back down towards $1700 and for the third time in three days, the level held.  U.S. GDP data sent the metal higher on the COMEX open and it again took a run […]