Gold Holds Onto Gains as Inflation Expectations Rise - September 19, 2013 14:15

The massive move in Gold prices yesterday was really the sideshow to the main event of a reversal in U.S. Treasury prices.  The benchmark 10 year yield moved quickly down to 2.7% and traded lower than that for a while after stubbornly refusing to dip below 2.75% for most of the summer.  This is what […]

Fed Doesn’t Taper QE, Gold Explodes - September 18, 2013 22:49

The Fed had a choice to make and it was an unpleasant one regardless of which side of the economic fence you’re sitting.  It could either taper bond purchases to defend the dollar versus Gold and the rising currencies of the BRICS or it could continue on as it has been, trashing the dollar and […]

Gold Fights for $1300 Ahead of Fed Meeting - September 18, 2013 16:36

The all-important FOMC meeting should be concluded and if it went to form the members spent all of 20 minutes deciding the fate of the world and 2 days figuring out how to communicate that to us mere mortals.  When you think of it like that the idiocy of central planning is pretty stark.   But, […]

Summers Out as Fed Chair Nets Bond Buying - September 16, 2013 14:00

The news that Larry Summers has withdrawn his name from contention for being Ben Bernanke’s replacement as the Chairman of the FOMC had an immediate effect on the markets, sending equity futures rising along with bond prices.  The benchmark 10 year US Treasury Note yield dropped nearly 90 basis points and is trading at an […]

Gold Weakens on Technical Selling Ahead of Fed Decision - September 13, 2013 18:03

At this point it looks like the gold market has priced in a far greater amount of tapering of bond purchases than is actually being discussed in polite circles — $10 to $15 billion per month.  The weakness in gold this week stems from both political incompetence in Washington prevailing over Syria and strategically-timed selling […]

Syria Bombing Fears Recede Along with Gold Prices - September 10, 2013 18:36

Now that Vladimir Putin has played most of his hand at the G-20 meeting, getting the Assad government to agree to placing its chemical weapons stockpile under international control, the Obama administration has to back down from unilaterally bombing Syria in the name of Qatari and Saudi gas pipeline interests.  This has gold seeing profit-taking […]

Jobs Number Sends Gold Back Near $1400 - September 6, 2013 13:53

The market’s knee-jerk reaction to this morning’s Non-Farm Payroll miss — 169,000 jobs vs. expectations of ~180,000 — sent everyone intorisk-offmode as Gold spiked more than $20 on the news to trade around the $1390 level.  Silver rose $0.60 and looks like it will challenge the elusive $24 area as we approach the end of […]

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 […]

The FOMC Talks and the Markets Shriek - June 19, 2013 22:50

The Fed  held its monthly meeting to determine the course of the world over the past two days wherein it was decided that the current QE program would continue indefinitely. But, the rhetoric surrounding said indefinite time frame was apparently hawkish enough to send everyone scrambling for cash.  In the wake of the press conference […]