Long Bond Yields Follow Through on Last Week’s Bearish Close - January 28, 2013 23:23

The story of last week which I should have written about was the very bearish weekly close on the 30 year U.S. Treasury Bond.  Long bond prices have been supported by the Fed for so long that even dramatic downside moves became white noise to me.  So, looking at bond future prices on Friday did […]

Gold Re-Tests $1650 Again - January 28, 2013 22:27

The $1650 level is one that Jim Sinclair identified a decade ago as a technically important one on the future history of the Gold bull market that was in its infancy at the time. Now, since Sinclair is one who is not one to shy away from laying his cards on the table and spitting […]

Will the Price of Silver Soar or Slide in 2013? - January 11, 2013 19:54

Market analysts are predicting significant movement in the silver market. As gold prices continue to decline, will silver steal the financial trading limelight to become one of the best commodities to hold in 2013? Historical Prices In January 1980, the price of silver reached £17.18 per troy ounce – a rise of more than 2,000 […]

E.C.B. Holds Rates, Sends Gold, Commodities Higher - January 11, 2013 3:04

The E.C.B.’s latest policy meeting ended with the central bank not bowing to pressure from choking banks to lower interest rates and held the benchmark lending rate at 0.75% for the time being.  This lifted the cloud that had been hanging over the Euro for the past few weeks while capital in the major U.S. […]

Gold Pushes Towards $1700, Oil Tags Along - January 2, 2013 23:28

My daughter recently discovered the original Muppet Movie on Netflix and while watching Gold and Oil today all I could think of was the great duet between Kermit and Fozzie at the beginning of the movie…. ‘movin’ right along’ indeed.  Gold popped higher this morning on news that the House had approved — ostensibly with […]

Euro Ends Week Strong, Confirms New Uptrend - December 29, 2012 21:31

The Euro confirmed last week’s breakout with a closing price above the important $1.32 level which improves the probability that this latest move higher is a sustainable one that is capable of taking it back to $1.35 over the next few weeks.  In my mind, looking over a number of crosses, the Euro breakout is […]

Gold and Silver Claw Out Gains Amidst Fiscal Cliff Fears - December 27, 2012 23:15

Gold popped early Thursday morning back above $1660 per ounce, a level it could not hold after yesterday attempting to take out the cap on the hourly chart at $1666.45 per ounce in the futures market — a failed breakout at that level Wednesday morning set up weakness all through Asian and European trading.  While […]

Gold Spikes Down to $1650 on Multiple Signals - December 20, 2012 16:25

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 […]

Euro Looking to Break Out to $1.35 - December 17, 2012 15:28

Last Friday’s close on the EURUSD cross was the highest weekly close since the middle of May.  The euro pushed up against the US Dollar closing just over $1.316 eclipsing the close of $1.3128 to end the week of August 9th.  This is a very significant occurrence given the Federal Reserve’s statement about QE this […]