The Euro and Cattle Futures Follow Through – Signalling Inflation Incoming - December 27, 2012 1:27

Last week’s close in both the EURUSD pair, $1.319, and Cattle Futures, $133.64 per hundredweight, marked breakouts for both markets.  The Euro broke through a quadruple top at $1.317 on the weekly chart pushing past $1.32 last week but couldn’t hold it.  During this, the last week of the year, the EURUSD pair pushed again […]

Gold Spikes Down to $1650 on Multiple Signals - December 20, 2012 16:25

I’m watching the gold market right now and $1650 has been reached this morning.  There is still nearly two full sessions until options expiration tomorrow so this current downdraft has a lot of potential for a major wipe out.  If you are long gold with leverage you are an idiot.  Jim Sinclair has been telling […]

Euro Bullish Breakout - December 18, 2012 15:21

In yesterday’s blog I noted that the Euro / US Dollar cross was approaching breakout territory.  The Euro last Friday put in the highest weekly close versus the Dollar since late May and was threatening last week’s high at $1.317.  Yesterday took the price of the Euro over that level and today it has followed […]

Euro Looking to Break Out to $1.35 - December 17, 2012 15:28

Last Friday’s close on the EURUSD cross was the highest weekly close since the middle of May.  The euro pushed up against the US Dollar closing just over $1.316 eclipsing the close of $1.3128 to end the week of August 9th.  This is a very significant occurrence given the Federal Reserve’s statement about QE this […]

Gold Holds onto $1700, Closes Flat Before FOMC - December 12, 2012 0:35

Tomorrow is the latest policy statement by the FOMC and as such always creates certain types of havoc in the markets.  If Bernanke and the Fed announce the actual commencement of the QE program that they promised back in September, then this latest relentless attack on the price of Gold today can be seen as […]

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 Surivives Assault — Ends Week at $1705 - December 8, 2012 0:59

Another bearish week for Gold as the bears clearly have the upper hand in this market.  The Bulls keep digging in their heels at important support levels but the waves of selling hitting the market during the European and U.S. market hours is too much to allow the price to rise significantly.  The selling starts […]

Nokia Pops on China Mobile Deal - December 7, 2012 20:23

Yes, this was announced a couple of days ago but it’s important to note that Nokia’s stock has continued to rally on this news.  But, it’s more structural than that.  Sales of the Lumia 920 are so strong that Nokia is finding itself in a modest version of the Apple problem — demand far outstripping […]

Gold Loses $1700 In Early Trading - December 4, 2012 15:59

Looking at that monetary statistics, it is obvious that no matter what the Fed says they have not begun their QEIII program.  The Adjusted Monetary Base — not the strictest variable for the evidence of QE I will grant — stubbornly continues to oscillate around the $2.6 billion level, which, along with Euro strength right […]