Silver Regains $34 While Gold Struggles - November 30, 2012 2:09

All idea of there being any correlation between the action in the precious metals pits and any other particular market at this point is simply a guess.  There are obvious operations happening to manage the price of both metals for the purpose of saving the primary dealers and the COMEX while the physical markets for […]

Gold and Silver Hacked on Futures Expiration - November 28, 2012 23:40

I know that it must sound like a broken record but this literally happens so often anymore that it is beginning to defy description.  After watching a two day blocking action in both gold and silver from the 15 minutes after the popped higher on Black Friday to yesterday’s skirmishes which sent the metals slightly […]

Gold Holds Onto Friday’s Gains - November 26, 2012 23:15

One always has to be suspicious of a big move on a low liquidity day, like during U.S. holidays.  So, while nothing much happened on Thanksgiving itself, the next day, Black Friday, which might as well be a holiday celebrating the zenith of Western consumerism, is also lightly traded.  So, when Gold and Silver both […]

Euro Pushes Back Towards $1.30 on Hope - November 24, 2012 0:03

At this point I have to agree with with zerohedge about the Euro, so little of the news coming out the euro-zone leadership anymore makes any sense whatsoever that movements in the big global markets on any one day can be tied to anything in particular.  Two weeks ago the Euro was looking at a […]

Gold And Silver Thankful For Bull’s Perserverence - November 23, 2012 23:06

It was a red-letter day for Gold and Silver bulls as both metals, led primarily by Silver if one was watching the ticker closely, busted through their caps and put in powerful bull moves that pushed them far away from them and near their next important levels of overhead resistance.  For Silver it was the […]

Risk On Monday and Mid-East Violence Has Oil Breaking Out - November 20, 2012 0:25

Today’s massive risk-on move in the markets across the world today sent technical reverberations through a number of markets, gold and silver certainly.  But even though gold and silver put in good days, they did not clear significant technical hurdles and will need another strong day tomorrow to bring more momo-monkeys back on their long […]

Gold Pops, Pushes Through $1730 - November 20, 2012 0:09

Apparently, the initial talks in Washington have the markets believing that Congress and the Senate will come to an arrangement on the fiscal cliff because that sent risk assets higher today.  Silver popped $0.65 and closed over the important $33 level while world equities were up strong from Japan to the U.S.  Gold went along […]

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 […]

Initial Unemployment Claims Soar, Gold Plunges on Open - November 15, 2012 23:27

Let it not be said that rain or snow or a big freaking Hurricane will stop the U.S. government from issuing economic statistics on time regardless of the quality or even existence of data to calculate.  Such was the case this morning when the initial unemployment claims for the week were released and the number […]