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 […]

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 […]

Gold Pops Back Over $1470 On German Data - May 9, 2013 1:00

The resetting of the Euro back near $1.30 coupled with a drop in oil and base metals prices saw German industrial production jump 1.2% in April, far exceeding the estimates and surprising markets.  The Euro responded in kind and the selling in the Dollar it engendered was positive for Gold.  It didn’t hurt that right […]

Crude Oil Spread Drops Under $10 as West Texas Rises above $94 - April 30, 2013 1:21

For the past two years the spread between Brent and West Texas Intermediate crude oil grades has been very high, vacillating between $16 and $28 per barrel at times due to huge supply coming into the holding station at Cushing, Oklahoma.  A number of factors contributed to this situation, including the rapid rise in oil […]

Commodity Sell Off Continues, Brent Breaks $100 - April 18, 2013 1:59

The big deflationary wave hitting the markets right now is gaining steam.  The S&P 500 finally put in a proper down day (~1%) after months of liquidity-fueled levitation.  The oil markets took a little while to catch up with the grain complex, which began selling off in late March, but with Brent finally putting in […]

Gold Stabilizes After Brutal Rout - April 17, 2013 1:32

I’ve been watching gold for so long that literally nothing fazes me anymore.  I am sure that yesterday’s drop turned the stomachs of many a gold investor.  And while I am not ashamed to admit that there were a few moment of anger watching things unfold, I can also say that my reaction was nothing […]

Gold Recovers After Fed Induced Drive-By - April 12, 2013 0:57

Make no mistake about it, yesterday’s snafu with the March FOMC minutes was no honest mistake.  The release was perfectly timed to give maximum benefit to the short side of the gold market giving their quislings yet another opportunity to cover at lower prices.  Today we saw steady, constructive buying until the COMEX close where […]

FOMC Minutes Release Gives Cover to Smash Gold - April 10, 2013 22:05

So, the FOMC accidentally released the March minutes early yesterday but did not bother to inform the markets until after 9:00 am, timed perfectly to push Gold down on the supposedly hawkish sentiments of a number of members who have no power to set policy.  Gold was sold with extreme prejudice back to $1558 per […]

Gold Rockets Up on Risk Off Trade Returning - April 6, 2013 0:06

Even the late afternoon ramp in equities could not dampen the bullish atmosphere in the precious metals futures pits today.  After a horrific Non-Farm Payroll print that even CNBC couldn’t spin in a positive light, Gold shot up past $1570 and then subsequently twice pushed through obvious capping action at $1566 and $1572 before ending […]