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 […]

Apple Misses, Stock Plummets Until Noon - October 26, 2012 22:53

The hedge-Fund Hotel known colloquially as Apple (NASDAQ:AAPL) missed both its top and bottom line numbers in the 3rd quarter and the stock dropped intra-day to a low near $590 per share.  A small amount of short-covering after noon pulled the stock back over a 6 handle to close at $604.00.  The thing that has […]

Gold Rebounds on Strong Asian Buying - October 26, 2012 0:23

After Gold touched $1700 per ounce yesterday it immediately caught a bid and pushed higher.  After the New York markets closed there was the usual measured buying back of shorts put on during the day during Asian trading which looked like it would take gold back to around $1708 and hold there for today where […]

The Fed Returns to Saying Nothing and Markets Drift Lower - October 24, 2012 22:11

The FOMC statement released this afternoon went back to reiterating that nothing has changed, they will continue to keep things rolling along they way they are: ZIRP until at least mid-2015, because there are still some people in the U.S. that have some savings and that just will not do. Operation Twist will continue until […]

Gold Threatens the $1700 Level as Equities Sag - October 23, 2012 23:01

The fear trade seems to be returning in full force, but this time it is fear of a true global recession that is driving capital back into the very fickle arms of the U.S. Dollar and, to a lesser extent, U.S. Treasuries.  After as successful defence of 79 the USDX has moved back to 80 […]

Gold Firms After Weak Asian Open - October 22, 2012 22:25

Friday’s waterfall European close in gold was nothing more than options expiration take-painting.  And, while gold had a perfect setup this month to assault $1800 and push through to $1850, that setup looks to have failed spectacularly.  After a weak open in Sydney last night Gold strengthened coming into the COMEX session and dollar by […]

Gold Closes Down with General Markets on Option Expiration Reset - October 19, 2012 22:06

I knew there would be days like this ahead at some point, though, to be honest, I didn’t expect them now.  A full-fledged market retreat happening before the election seemed remote but as we approach the final days of the campaign season and the growing likelihood of a Romney victory – frankly something else I […]