Gold and Oil News
Gold and Oil News - November 30, 2012 2:09
Silver Regains $34 While Gold Struggles
All idea of there being any correlation between the action in the precious metals pits and any other particular market at this point is simply a guess. There are obvious operations happening to manage the price of both metals for the purpose of saving the primary dealers and the COMEX while the physical markets for […]
Gold and Silver Hacked on Futures Expiration
I know that it must sound like a broken record but this literally happens so often anymore that it is beginning to defy description. After watching a two day blocking action in both gold and silver from the 15 minutes after the popped higher on Black Friday to yesterday’s skirmishes which sent the metals slightly […]
Gold Holds Onto Friday’s Gains
One always has to be suspicious of a big move on a low liquidity day, like during U.S. holidays. So, while nothing much happened on Thanksgiving itself, the next day, Black Friday, which might as well be a holiday celebrating the zenith of Western consumerism, is also lightly traded. So, when Gold and Silver both […]
Gold And Silver Thankful For Bull’s Perserverence
It was a red-letter day for Gold and Silver bulls as both metals, led primarily by Silver if one was watching the ticker closely, busted through their caps and put in powerful bull moves that pushed them far away from them and near their next important levels of overhead resistance. For Silver it was the […]
Risk On Monday and Mid-East Violence Has Oil Breaking Out
Today’s massive risk-on move in the markets across the world today sent technical reverberations through a number of markets, gold and silver certainly. But even though gold and silver put in good days, they did not clear significant technical hurdles and will need another strong day tomorrow to bring more momo-monkeys back on their long […]
Gold Pops, Pushes Through $1730
Apparently, the initial talks in Washington have the markets believing that Congress and the Senate will come to an arrangement on the fiscal cliff because that sent risk assets higher today. Silver popped $0.65 and closed over the important $33 level while world equities were up strong from Japan to the U.S. Gold went along […]
Gold Hammered on Open to OpEx Perfection
If you ever wonder sometimes why some things happen in this life when the data is screaming that the opposite should be occurring, standing around in a state of confusion and railing against the unfairness of it all makes for a pretty futile afternoon. If you’d watched gold trade this week you had to know […]
Initial Unemployment Claims Soar, Gold Plunges on Open
Let it not be said that rain or snow or a big freaking Hurricane will stop the U.S. government from issuing economic statistics on time regardless of the quality or even existence of data to calculate. Such was the case this morning when the initial unemployment claims for the week were released and the number […]
Gold Caught Between a Cliff and a Hard Sell
Anyone casually watching Gold over this past week would not believe that there was anything significant happening. But, as we all know appearances can be deceiving. Right now, the illusion is being foisted onto the market that the fair value in Gold is around $1725-1730 per ounce. Of course, this is patent nonsense but that […]
Fiscal Cliff Headilnes Continue to Reveal Fed Strategy
Extend and pretend is the phrase that will be written on the tombstone of the early 21st century governments and central banks. that is all they can do at this point. Since announcing QEIII back in September the Federal Reserve has not actually begun printing and more than the E.C.B. has. The E.C.B. has the […]
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