Energy Prices Rise to Begin Q2 - April 1, 2013 22:40

The first quarter of 2013 were a complete roller coaster ride in the energy space.  We saw U.S. gasoline futures de-couple from Brent crude prices on RIN speculation and natural gas prices close the quarter back over $4.00 per million BTUs for the first time in nearly 2 years.  Quietly, with the continuing saga unfolding […]

Gold Succumbs to Shorting Pressure - March 29, 2013 3:00

While we are watching record amounts of gold stand for delivery on the COMEX and the European banking system being delat irreparable body blows in the hope of re-igniting money velocity gold was relentlessly sold even though the GDP and unemployment data coming out of the U.S. was below expectations.  This should have sent gold […]

Gold Rebounds Despite Euro Weakness - March 27, 2013 23:16

When the full extent of the horror show that is the final solution to the Cyprus problem finally hit the newswires, the Euro exploded to the downside taking gold and silver with it.  The problem, of course, is that Cyprus might not even be fixed, just like Greece was never fixed.   Moody’s is convinced it’s […]

Gold Continues to Hover Near $1600 - March 27, 2013 1:00

As the fallout from the Cyprus deal continues to settle into the markets and we approach the end of the month, Gold is caught in a crosswind between the obvious demand in the physical market and the needs of the futures market to maintain order, given the unbalanced nature of the COT report at last […]

Gold Holds Serve Against Cyprus Deal and Options Expiration - March 25, 2013 20:21

The bears will never learn, because they are bearish for what amounts to irrational reasons, no matter how rational they sound.  Gold is not going to be blown out back to $1400 per ounce because of debt deflation.  If today’s price action did not tell them that it never will and they will continue to […]

Cyprus Headlines Are Deja Vu All Over Again - March 24, 2013 0:31

What is it about the European Union and the month of March?  It was almost a year to the day that the Troika unveiled its secret plan to thieve the bank depositors in Cyrpus from the fateful Greek elections that resulted in actual impairment of holders of Greek debt.  Greece was fixed only by overthrowing […]

Ahead of Futures Expiration Gold Falls Back - March 23, 2013 3:49

At this point you are watching a trapped set of market shorts beat a tactical retreat away from a disastrous position that if the central banks on the other side of the trade wanted to could wipe them out (all of them) in about an hour.  But, since these same shorts allowed those central banks […]

Gas Continues to Correct Back Towards Demand Fundamentals - March 22, 2013 6:08

It’s been a wild ride in gasoline over the past month as refiners have been bidding up the price of RINs due to U.S. E.P.A. bioethanol blending rules.  This caused rampant speculation in the futures pits sending gasoline futures prices soaring while the price of Brent crude fell on Euro-zone breakup fears spilling over into […]

Gold Bumps up to $1616 on Cyprus and Momentum - March 22, 2013 0:50

There is a triple top forming on the hourly gold chart right now, similar to the one that formed at $1587 last week.  That one fell and so will this one.  The market looks poised to take a shot at the $1620 mark tomorrow.  A close above that would be a major bullish signal in […]