Gold Threatens the $1700 Level as Equities Sag - October 23, 2012 23:01

The fear trade seems to be returning in full force, but this time it is fear of a true global recession that is driving capital back into the very fickle arms of the U.S. Dollar and, to a lesser extent, U.S. Treasuries.  After as successful defence of 79 the USDX has moved back to 80 […]

Apple Updates Entire Product Line Ahead of Windows 8 Launch - October 23, 2012 22:51

We all knew the iPad mini was coming.  It may have been the worst kept secret in technology.  What we didn’t know was that Apple had a lot more up their sleeves in Cupertino.  The refresh on the normal iPad with the A6x chip was really a no-brainer.  They released the iPhone with the new […]

Gold Firms After Weak Asian Open - October 22, 2012 22:25

Friday’s waterfall European close in gold was nothing more than options expiration take-painting.  And, while gold had a perfect setup this month to assault $1800 and push through to $1850, that setup looks to have failed spectacularly.  After a weak open in Sydney last night Gold strengthened coming into the COMEX session and dollar by […]

Gold Closes Down with General Markets on Option Expiration Reset - October 19, 2012 22:06

I knew there would be days like this ahead at some point, though, to be honest, I didn’t expect them now.  A full-fledged market retreat happening before the election seemed remote but as we approach the final days of the campaign season and the growing likelihood of a Romney victory – frankly something else I […]

Is the Google Earnings Leak our October Surprise? - October 18, 2012 23:26

Google is such a trailblazer they weren’t content with being in-line with their earnings miss as all of their peers and one-upped them by having their earnings leaked to the market three and a half hours too early. I kid, of course, but is this truly the October surprise for this year?  Or will it […]

Gold Breaks Through $1750, Euro Stalls Above $1.31 - October 17, 2012 22:28

It is becoming more obvious by the day that the 79 level on the USDX is being defended by the major central banks ahead of the U.S. Presidential election in three weeks.  Four times today the USDX approached (or breached) the 79 level on the downside and four times it was lifted back up and […]

Gold Rebounds on Euro Gains - October 16, 2012 22:02

Yesterday’s flush of Gold down to $1730 served to be a wake-up call to the bulls who had been lying in wait for a further correction.  Their patience was rewarded.  With the Euro, however, moving back over the $1.30 level today that made it difficult for the bears to hold the price down below $1740.For […]

Sell Off in Gold Intensifies Drops Below $1750 - October 16, 2012 0:20

Gold is caught between the QEIII announcement and the actual start of it. Regardless of what the Federal Reserve said they would do, since September 13th’s announced open-ended, without conditionality, QE to infinity the Fed has done nothing except contract the monetary base.   This is in direct conflict with what they said they would do, […]

Euro Ends the Week Flat, Awaits Spain’s Capitulation - October 13, 2012 0:32

As we enter the winter it looks like we are going to be treated to another season ofWill They, Won’t They in which another Euro-zone country on the verge of defaulting on its sovereign debt attempts to wriggle out of its self-imposed straight jacket of debt.  Last season it was Greece, this year the series […]