Yen Weakness Creates Risk-On Gold Raid - May 11, 2013 0:50

The Yen smashed through Â¥100 yesterday just in time to push the Euro below $1.30 today, taking Gold, Silver and U.S. Treasuries to the cleaners.  Yesterday’s rumor of more Fed jawboning about the end of QE started the rout and today the follow through occurred.  It is, at this point, nearly comical to watch this […]

Gold Pops Back Over $1470 On German Data - May 9, 2013 1:00

The resetting of the Euro back near $1.30 coupled with a drop in oil and base metals prices saw German industrial production jump 1.2% in April, far exceeding the estimates and surprising markets.  The Euro responded in kind and the selling in the Dollar it engendered was positive for Gold.  It didn’t hurt that right […]

Gold and Silver Continue to Build New Base - May 7, 2013 2:09

From the bullish perspective Gold and Silver are both continuing to hold onto gains made after the historic — and wholly manufactured — crash that occurred between April 12th and April 15th.  In a story that is beginning to sound like that of the movie “Groundhog Day” gold gave back gains made over night selling […]

Gold and Silver End the Week Range Bound - May 4, 2013 16:05

Bravo to the money masters this week, pushing and pulling the timing of the news to reinforce a range trade in Gold and Silver.  This is keeping the mo mo monkeys out of the market — a game that has been going on now since the first day of trading this year when the price […]

ECB Cuts Rates, Euro Falls to $1.30 - May 3, 2013 1:20

You know that the markets have gone Full Bizarro when the threat of a central bank rate cut sends its currency soaring.  But, that is exactly what happened earlier in the week after a spate of economic data convinced the markets that the ECB would have to cut rates.  The Euro soared to $1.32 early […]

Gold Stymied at $1480 as April Ends - April 30, 2013 22:42

Chart painting or legitimate selling pressure, that’s the question I have as April trading finishes in Gold and Silver.  Friday’s high of $1485 has yet to be challenged again as the line has been drawn at $1480 per ounce.  even this morning’s bounce on the announcement of the ECB planning to cut interest rates was […]

Crude Oil Spread Drops Under $10 as West Texas Rises above $94 - April 30, 2013 1:21

For the past two years the spread between Brent and West Texas Intermediate crude oil grades has been very high, vacillating between $16 and $28 per barrel at times due to huge supply coming into the holding station at Cushing, Oklahoma.  A number of factors contributed to this situation, including the rapid rise in oil […]

Gold Rises on Euro Strength - April 29, 2013 22:36

The Euro pushed back towards $1.31 today while the U.S. Dollar weakened versus the Japanese Yen.  Yen strength means dollar weakness across the board as we saw all inflation assets move higher.   Gold, up until recent months, had been strongly correlated with the Euro/Dollar cross but that relationship has broken down with the rise of […]

Gold Ends Week Up $54, Silver up $.70 - April 26, 2013 23:10

Gold and Silver both were on their way to their best weeks in more than year when a major sell off occurred just after the European close at 11am EST.  Zerohedge speculated that it could have been margin-related selling with some long liquidation to shore up losses in other markets.  But, seeing as not only […]