Gold And Silver Thankful For Bull’s Perserverence - November 23, 2012 23:06

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 - November 20, 2012 0:25

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 - November 20, 2012 0:09

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 - November 17, 2012 1:37

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 - November 15, 2012 23:27

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 - November 14, 2012 23:24

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 - November 12, 2012 22:53

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 […]

Gold Completes the Turnaround, Closes over $1730 - November 10, 2012 0:36

It was quite a week in the Gold pits.  After Friday’s rout where $1680 was violated, throwing a very bearish signal last week, the bulls began the week in full retreat falling back to $1672.50 where they dug in and forced the speculative shorts to begin covering.  This ground higher all through Monday and Tuesday […]

Gold Surges on Inflation Expectations - November 8, 2012 23:50

The yield on a 10 year TIP securities dropped to -0.80% yesterday and in doing so sent Gold back over $1700 ounce towards $1720.  Today the 10 year TIPS yield dropped to -0.85% and that sent Gold rocketing through last week’s high of $1731.75 to over $1743 per ounce.  Inflation expectations are rising rapidly and […]