Gold and Oil News
Gold and Oil News - November 14, 2012 23:24
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 […]
Gold Completes the Turnaround, Closes over $1730
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
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 […]
Commodities Taken to Woodshed In Election Bloodbath
Equities have put in one of the worst days they’ve had in months today on the news that Barack Obama survived his recall vote yesterday. Tax rates on dividends and capital gains are likely to rise and the fiscal cliff is approaching rapidly. The truth is that there was little substantive difference between the two […]
Election Changes Little, Gold Goes for a Ride
The U.S. elections last night proved to be a whole lot ofsound and fury signifying very little. From a tactical standpoint the GOP got its head handed to it on a fiat money platter. Their strategy was to sacrifice the presidency by running an empty suit in Romney and use the voter outrage to win […]
Right on Schedule, Gold Busts Back Through $1700
You know, it’s getting a little silly to be honest. I really wanted to believe that the Gold and commodity markets were not being manipulated down before the U.S. presidential election but after today’s action in the markets it is hard to not believe it. After grinding inch by inch higher for near 48 hours […]
Gold Holds $1675 Pre-Election, Grinds Higher
Looking at the chart of Gold after this morning’s dip near the European open looks like the price equivalent of watching a tractor pull at a strongman competition. Every 15 minute bar on the December contract is just another small step forward as bulls refused to be beaten back but bears refused to give much […]
Gold Bursts Through $1700 as Winter Sets In
In the face of the BLS Non-Farm Payroll report which looked for all the world like another 9-sigma event, funny how those keep happening the closer we get to the election, gold could not stand up to the onslaught of bullion bank selling as it looked like a number of the professionals decided to front-run […]
Gold Spies $1730 and Retreats, Six More Weeks of Winter
There was a moment to start the month this morning where Gold looked like it wanted to take a crack at last week’s high of $1731.45 on the December contract, now the front-month contract. But, like the east Pennsylvanian ground hog, it saw its shadow and retreated for the safety of the $1710’s, closing the […]
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