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 […]

Gold Gyrates Below $1400 Still - May 28, 2013 22:46

Today was a special day in that we saw nearly two full cycles of gold attempting to break through $1400.  The first happened in Asia last night.  The second happened during the COMEX hours in New York this morning.  Both times the selling came in strong to push gold back down, first to $1375 and […]

Yen Weakness Creates Risk-On Gold Raid - May 11, 2013 0:50

The Yen smashed through Â¥100 yesterday just in time to push the Euro below $1.30 today, taking Gold, Silver and U.S. Treasuries to the cleaners.  Yesterday’s rumor of more Fed jawboning about the end of QE started the rout and today the follow through occurred.  It is, at this point, nearly comical to watch this […]

ECB Cuts Rates, Euro Falls to $1.30 - May 3, 2013 1:20

You know that the markets have gone Full Bizarro when the threat of a central bank rate cut sends its currency soaring.  But, that is exactly what happened earlier in the week after a spate of economic data convinced the markets that the ECB would have to cut rates.  The Euro soared to $1.32 early […]

Gold Stymied at $1480 as April Ends - April 30, 2013 22:42

Chart painting or legitimate selling pressure, that’s the question I have as April trading finishes in Gold and Silver.  Friday’s high of $1485 has yet to be challenged again as the line has been drawn at $1480 per ounce.  even this morning’s bounce on the announcement of the ECB planning to cut interest rates was […]

Gold and Silver Stabilize After G-7 Gabfest - February 13, 2013 1:08

Coming into tonight’s State of the Union address both Gold and Silver were in serious danger of washing out to recent spike lows.  Bulls, however, came in to support gold at $1640, well ahead of the $1626 spike low from January which is the current downside magnet.  There is little to do at this point […]

Euro Bolts Past $1.35 on U.S. GDP News - January 31, 2013 1:11

I certainly hope that people who are short the Euro would get it through their skulls that it doesn’t matter what the U.S. financial press (or Zerohedge for that matter) says about the Euro-zone.   When you compare the situation with the Euro versus the situation with the U.S. Dollar the Dollar is the far uglier […]

Gold Rebounds on Strong Asian Buying - October 26, 2012 0:23

After Gold touched $1700 per ounce yesterday it immediately caught a bid and pushed higher.  After the New York markets closed there was the usual measured buying back of shorts put on during the day during Asian trading which looked like it would take gold back to around $1708 and hold there for today where […]

The Fed Returns to Saying Nothing and Markets Drift Lower - October 24, 2012 22:11

The FOMC statement released this afternoon went back to reiterating that nothing has changed, they will continue to keep things rolling along they way they are: ZIRP until at least mid-2015, because there are still some people in the U.S. that have some savings and that just will not do. Operation Twist will continue until […]