Gold Ends Week Above $1400 Despite COMEX - April 19, 2013 23:23

Coming into the European open at 3am this morning (EST) Gold was threatening to cross back through the 200 week moving average.  This is not a level I take a lot of stock in, preferring both the 144 and 288 EMA lines personally.  But, many traders do use the 200 period MA as a reference […]

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 Rises in Asian Trading, Fades on COMEX - December 10, 2012 23:18

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 Hammered on Open to OpEx Perfection - November 17, 2012 1:37

If you ever wonder sometimes why some things happen in this life when the data is screaming that the opposite should be occurring, standing around in a state of confusion and railing against the unfairness of it all makes for a pretty futile afternoon.  If you’d watched gold trade this week you had to know […]

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 […]