War Trade Pushes Gold Back Over $1400 - September 3, 2013 18:59

Last week we were assured by U.S. Secretary of State John Kerry that the U.S. would definitely be going to war with Syria over the alleged use of chemical weapons by the Assad Government.  That pushed gold above the June high at $1423 briefly before cooler heads — and the doves in the U.K. House […]

Gold Plays Possum While Yields Continue to Rise - June 18, 2013 1:46

After Friday’s Hilsen-Rumor put an exclamation point on the idea that bond yields would be turning around after a six week wild ride to the upside, lo and behold what a new week begets.  Yields held steady early in the day and a late article by the Financial Times now has the tapering of QE […]

Gold Ends Week Up Slightly, Waiting for a Signal - June 15, 2013 1:02

Thanks to yesterday’s ‘Hilsen-Rumor‘ the final pretense that the Federal Reserve was actually going to taper off of its bond-buying program known as Quantitative Easing was dispelled.  This had the effect of buoying equity markets last night and into this morning while also putting a stiff bid under both Gold and Silver.  Of course, a […]

Bond Markets Gyrate While China is on Holiday - June 11, 2013 23:20

For anyone trying to figure out why Gold cannot rally in the face of spiking bond yields and an appreciating Yen, look no further than your calendar.  The Chinese markets are closed for the first three days of this trading week and with that one of the major sources for gold demand.  For those that […]

Non-Farm Payroll Report Sends Equities Soaring - June 8, 2013 2:07

Days like today have me hearing echoes of Bob Cole on Hockey Night in Canada running through my head, “Stick Save!  And a beauty!”   The S&P 500 was well on its way to putting in  a full-blown reversal bar on the weekly chart this week with a close below 1626.40.  Considering just yesterday the markets […]

Upheaval in the Yen Pushes Gold over $1400 - June 7, 2013 0:29

Last night while the Yen was breaking down I found myself laughing at the stubborn refusal for the futures market to allow gold to print a 14 handle for hours, even though the Yen carry trade was breaking down.  Finally this morning the bulls could be held back no longer but only to pop as […]

Lucky Tuesday Has Gold on a YoYo - June 4, 2013 22:39

As Zerohedge likes to point out every week, Tuesday’s are the day of the week where the current equity rally makes its vig.  Check out the chart of the Dow with and without the last 20 Tuesdays — all up, mind you — that they posted this afternoon and you can see exactly how this […]

Yen Retreats Below 100, Gold Rises - June 3, 2013 22:15

The relationship between the Yen and Gold prices could not be more clearly delineated than it was during today’s trading.  The Yen began strengthening versus the dollar early after 9am and with that took the price up gold up quickly back to $1415 per ounce where it bounced around for the rest of the day.  […]

Gold Breaks Through $1400 on Japan Volatility - May 31, 2013 3:23

The key to understanding how the Federal Reserve has been able to keep the price of gold under control for the past six months during all of this QE has been to look at the Japanese Yen.  I might be smarter than the average bear but sometimes it takes a village to figure out why […]