Posts Tagged ‘Fiscal Cliff’
Gold and Oil News - December 20, 2012 16:25
Gold Spikes Down to $1650 on Multiple Signals
I’m watching the gold market right now and $1650 has been reached this morning. There is still nearly two full sessions until options expiration tomorrow so this current downdraft has a lot of potential for a major wipe out. If you are long gold with leverage you are an idiot. Jim Sinclair has been telling […]
Gold Rises in Asian Trading, Fades on COMEX
If you watch the Gold market everyday like I do you will begin to notice when the market does things differently than it did recently. For the past 2 months Gold has been trading like it did for years, up slightly in the Asian markets only to be ground down after the London fix until […]
Gold Caught Between a Cliff and a Hard Sell
Anyone casually watching Gold over this past week would not believe that there was anything significant happening. But, as we all know appearances can be deceiving. Right now, the illusion is being foisted onto the market that the fair value in Gold is around $1725-1730 per ounce. Of course, this is patent nonsense but that […]
Fiscal Cliff Headilnes Continue to Reveal Fed Strategy
Extend and pretend is the phrase that will be written on the tombstone of the early 21st century governments and central banks. that is all they can do at this point. Since announcing QEIII back in September the Federal Reserve has not actually begun printing and more than the E.C.B. has. The E.C.B. has the […]
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