Gold Continues to be Pressured by Commodity Weakness - April 4, 2013 1:12

The cover story at this point for the latest operation in the Gold market is commodity weakness today on weak employment data.  Since silver is now trading wholly along with the commodity complex when it is convenient then gold is dragged along with it.  In other words folks, there is no rhyme or reason to […]

Gold and Silver Shellacked - April 3, 2013 1:49

At this point I’ve got to say that it is becoming nearly comical the lengths to which our central planners will go to keep the world from panicking over their own profligacy.  The attack on Gold and Silver today was one of those near comical moments.  At this point what do they think they are […]

Gold Succumbs to Shorting Pressure - March 29, 2013 3:00

While we are watching record amounts of gold stand for delivery on the COMEX and the European banking system being delat irreparable body blows in the hope of re-igniting money velocity gold was relentlessly sold even though the GDP and unemployment data coming out of the U.S. was below expectations.  This should have sent gold […]

Gold Holds Serve Against Cyprus Deal and Options Expiration - March 25, 2013 20:21

The bears will never learn, because they are bearish for what amounts to irrational reasons, no matter how rational they sound.  Gold is not going to be blown out back to $1400 per ounce because of debt deflation.  If today’s price action did not tell them that it never will and they will continue to […]

Gold Sniffs $1600, Settles Higher - March 12, 2013 23:13

After days of bumping up against the $1585 per ounce level gold finally pushed through it in a burst this morning during European session to take a couple of stabs at $1600 before the bulls gave up and rode the day out between $1590 and $1595.  Looking at the chart it is obvious that $1585 […]

Volatile Gold Settles Higher - March 6, 2013 23:20

What a day in the gold pits.  Right from the opening of the COMEX pre-market prices began breaking lower as the daily raid commenced right on schedule.   The problem was the bulls were lying in the weeds and sent the price back towards $1580 which needed to be defended.  It was until the opening of […]

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 […]

Gold Rallies to Highest Close in Two Weeks - February 6, 2013 23:59

The bulls are slowly grinding out another hard-fought uptrend as they engage in even more trench warfare and the Maginot line that has been drawn at $1685 per ounce this week.  A beautiful quadruple-top was painted yesterday so the resistance will continue to be heavy.  Bulls will have to be serious about wanting that level […]

Gold and Silver Hacked on Futures Expiration - November 28, 2012 23:40

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 […]