Gold Settles Back, Re-Tests $1400 - April 23, 2013 21:20

Since last week’s crash I’ve been saying that if the gold market was going to turn around it would be a tough slog higher;  in a three steps forward two steps back pattern.  This behavior has been in evidence since yesterday morning where Gold hit a high above $1435 and since then has been settling […]

Gold Continues to Rebound Above $1400 - April 22, 2013 21:25

It was no surprise to me watching it last night, but Gold began moving higher with the re-opening of the markets and did not let up until the COMEX pre-market opened at 7:30 this morning, having added nearly $30 to the price and challenging the 200 day moving average.  Gold promptly ran into some selling […]

Oil Ends Week Near Lows, S&P Levitates - April 20, 2013 0:56

Let it not be said that the Federal Reserve is not dogged in their pursuit of market conditions that it deems as necessary.  Strategic commodities like oil and copper were pummeled this week and in previous weeks while the equity market on, frankly, horrific early earnings reports, continues to levitate.  With today being options expiration […]

Gold Ends Week Above $1400 Despite COMEX - April 19, 2013 23:23

Coming into the European open at 3am this morning (EST) Gold was threatening to cross back through the 200 week moving average.  This is not a level I take a lot of stock in, preferring both the 144 and 288 EMA lines personally.  But, many traders do use the 200 period MA as a reference […]

Big Earnings Day in Technology Revealing of New Trends - April 18, 2013 23:18

Intel’s earnings yesterday just a week after an IDC report stated that PC sales had dropped 14% year over year in Q1 seemed to corroborate that report.  Profit was down 25% for Chipzilla.  Today Advanced Micro Devices announced earnings that were equally challenging, showing erosion of revenue and unit shipments in laptops, notebooks and desktops.  […]

Gold Tests $1400 Holds During New York Trading - April 18, 2013 22:41

Today would be characterized as the first strong showing of Gold in the U.S. markets this week.  The nightly rise in prices during Asian trading was not sold relentlessly to pursue as low an afternoon fix as possible.  Gold rallied right up to $1400 per ounce at which point it ran out of steam near […]

Gold Tests $1400 Fails, Falls in Asian Trading - April 18, 2013 2:40

Just moments ago Gold was bombed on the Hong Kong open back below $1340 per ounce, before recovering slightly.  Last night the market re-tested $1400 just after the U.S. equity market opened but that test failed and gold was under pressure all day through New York trading and through early Sydney trading.  Once Hong Kong […]

Commodity Sell Off Continues, Brent Breaks $100 - April 18, 2013 1:59

The big deflationary wave hitting the markets right now is gaining steam.  The S&P 500 finally put in a proper down day (~1%) after months of liquidity-fueled levitation.  The oil markets took a little while to catch up with the grain complex, which began selling off in late March, but with Brent finally putting in […]

Gold Stabilizes After Brutal Rout - April 17, 2013 1:32

I’ve been watching gold for so long that literally nothing fazes me anymore.  I am sure that yesterday’s drop turned the stomachs of many a gold investor.  And while I am not ashamed to admit that there were a few moment of anger watching things unfold, I can also say that my reaction was nothing […]