Italian Elections and The “Throw the Bums Out” Vote - March 5, 2013 1:19

I didn’t give the initial election returns from Italy much significance because so little of the political game is actually not completely staged for our benefit.  But the more I read about Beppi Grillo and his Five Star Movement the more I’m paying attention to what’s going on.  Specifically that his: goal was to do […]

Market Stability Has Been Acheived - March 5, 2013 1:05

This may have been the most boring Monday in the markets I’ve seen in a long time.  The only thing that is for sure, however, is that the S&P 500 will rise and if it doesn’t do so early in the session it will do so late.  So, officially, as Zerohedge pointed out, a new […]

Gold Ends Week Unchanged - March 1, 2013 20:57

Despite an affirmation of the validity of current monetary policy when brought before his partners-in-crime masters by FOMC Chairman Ben Bernanke and the subsequent pop in Gold prices, Gold was brought back down over 4 days of relentless selling to end the week exactly where it began, $1579 per ounce.  Now, given the last few […]

Brent Stabilizes But Remains Vulnerable - February 28, 2013 3:03

Brent Crude futures tested $112 per barrel today and is currently attempting to stabilize in that region after a hasty retreat away from $118 per barrel.   Equity markets recovered their bullish posture while the WTI to Brent ratio has contracted back under $19 per barrel.   Brent and the precious metals were outliers today as the […]

Bernanke Speaks and Gold Spikes - February 26, 2013 22:38

It was almost humorous today in the gold pits as the hedge fund that tries to act like the ESF got run over at the outset of FOMC Chairman Ben Bernanke’s first day of testimony at the semi-annual Humphrey-Hawkins Senate review of monetary policy.  Gold, which had been trading well north of $1590 per ounce […]

Gold Decouples from Euro over Election Worries - February 25, 2013 23:39

Gold prices came out of early European trading having held onto gains made during the Asian sessions with the price hitting a high near $1593 per ounce.  Once the U.S. pre-market opened, however, the very normal selling pressure began and pushed the price back down to $1584.  Then all hell broke loose as the exit […]

Euro Crushed by Italian Exit Polls - February 25, 2013 23:17

The fear that the Italian Election would not work out in Goldman-Sachs’ favor had Euro-bulls running to the hills.  As the news that Silvio Berlusconi’s center-right party will have received enough votes for a hung Parliament hit the newswires the Euro hit the floor and is currently trading down near $1.305.  Since this is a […]

Fed’s Job Complete, Gold Holds Above Spike Low - February 21, 2013 23:14

When watching the price action in gold one should always look for anomalous behavior.  As Zerohedge has been pointing out all week, gold and silver have been relentlessly hammered during the COMEX pre-market through the close of European trading and then, on balance, rising again for the rest of the day.  No matter how much […]

Gold Continues to Hold $1600 - February 20, 2013 1:20

There’s little doubt that the current sentiment in Gold is as bearish as it has been since the worst days after the tech bubble burst while prices would continually attempt to break higher but were constantly rebuffed and people bailing of winning positions because of fear.  Today we have much the same thing.  Since the […]