Gold Bursts Through $1700 as Winter Sets In - November 3, 2012 0:50

In the face of the BLS Non-Farm Payroll report which looked for all the world like another 9-sigma event, funny how those keep happening the closer we get to the election, gold could not stand up to the onslaught of bullion bank selling as it looked like a number of the professionals decided to front-run […]

Gold Spies $1730 and Retreats, Six More Weeks of Winter - November 2, 2012 0:01

There was a moment to start the month this morning where Gold looked like it wanted to take a crack at last week’s high of $1731.45 on the December contract, now the front-month contract.  But, like the east Pennsylvanian ground hog, it saw its shadow and retreated for the safety of the $1710’s, closing the […]

Gold Ends the Month Up, Stablilizing near $1720 - October 31, 2012 21:56

The estimates for damages done by Hurricane Sandy are growing well north of $50 billion and between that and the loss of function for much of the Eastern seaboard will have the central banks in ctrl-p mode, so much so that even though today was futures expiration for the November delivery contract, Gold was able […]

China, Japan Do the QE Thing While U.S. Markets Sleep - October 31, 2012 20:45

On Monday the Bank of Japan announced another addition to their near-limitless QE program, Â¥11 trillion to be precise.  The market was hoping for Â¥15 trillion and as such the Yen promptly rose by 40 basis points.  This is what passes for markets these days.   The front-running of what traders expect central banks to do […]

Markets Closed, Gold Drifts Sideways - October 30, 2012 0:29

With Halloween falling on a Wednesday this year this may be another opportunity for some kind of dislocation in the Gold market as the November contract expires on that day.  I say this because of what happened the last time the month ended on a Wednesday, the Leap Day massacre that dropped Gold by more […]

Microsoft Leads a Big Day in Tech - October 29, 2012 23:30

Microsoft finally took the official wraps off of the latest version of its Windows Phone OS today revealing features that anyone actually following its development already knew as Microsoft has been teasing us with dribs and drabs of the OS’s new features for months. The biggest single change is the core of the OS which […]

Gold Ends Strong, Still Off $10 for the Week - October 26, 2012 23:08

The evening rise in Gold was cut short early last night around midnight EST where data coming out of Europe spooked the market back down towards $1700 and for the third time in three days, the level held.  U.S. GDP data sent the metal higher on the COMEX open and it again took a run […]

Apple Misses, Stock Plummets Until Noon - October 26, 2012 22:53

The hedge-Fund Hotel known colloquially as Apple (NASDAQ:AAPL) missed both its top and bottom line numbers in the 3rd quarter and the stock dropped intra-day to a low near $590 per share.  A small amount of short-covering after noon pulled the stock back over a 6 handle to close at $604.00.  The thing that has […]

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 […]