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 […]

Gold Holds Serve Against Cyprus Deal and Options Expiration - March 25, 2013 20:21

The bears will never learn, because they are bearish for what amounts to irrational reasons, no matter how rational they sound.  Gold is not going to be blown out back to $1400 per ounce because of debt deflation.  If today’s price action did not tell them that it never will and they will continue to […]

Cyprus Headlines Are Deja Vu All Over Again - March 24, 2013 0:31

What is it about the European Union and the month of March?  It was almost a year to the day that the Troika unveiled its secret plan to thieve the bank depositors in Cyrpus from the fateful Greek elections that resulted in actual impairment of holders of Greek debt.  Greece was fixed only by overthrowing […]

Ahead of Futures Expiration Gold Falls Back - March 23, 2013 3:49

At this point you are watching a trapped set of market shorts beat a tactical retreat away from a disastrous position that if the central banks on the other side of the trade wanted to could wipe them out (all of them) in about an hour.  But, since these same shorts allowed those central banks […]

Gold Bumps up to $1616 on Cyprus and Momentum - March 22, 2013 0:50

There is a triple top forming on the hourly gold chart right now, similar to the one that formed at $1587 last week.  That one fell and so will this one.  The market looks poised to take a shot at the $1620 mark tomorrow.  A close above that would be a major bullish signal in […]

Cyprus Risk-Off Trade Pulls Equities Lower - March 18, 2013 22:21

The S&P 500 and the Dow Jones Industrials both closed off slightly today as this was a risk-off kind of day in most every way.  Following up Friday’s weakness into the close with today’s drop is creating a pause in equities as fresh fears over the stability of the European banking system have been raised […]

Gold Closes Over $1600 on Cyprus Fiasco - March 18, 2013 21:34

The more I think about what the Troika and the Cypriot government have done in Cyprus the more I’m convinced that this is a watershed moment in this phase of monetary history.  Period.  People who should frankly know better should have seen what lay on the other side of what they were doing, namely hacking […]

Except the Euro to Strengthen After Cyprus Dust Settles - March 18, 2013 8:33

The monstrous proposal of stealing from the depositors in Cyprian banks by the Troika will ultimately be bullish for the Euro.  Cyprus is really a very small problem and, while, this is a bad precedent for the Troika to have set it will have both short and long term positive connotations for the Euro.  One […]