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 […]

Market Stability Has Been Acheived - March 5, 2013 1:05

This may have been the most boring Monday in the markets I’ve seen in a long time.  The only thing that is for sure, however, is that the S&P 500 will rise and if it doesn’t do so early in the session it will do so late.  So, officially, as Zerohedge pointed out, a new […]

Brent Stabilizes But Remains Vulnerable - February 28, 2013 3:03

Brent Crude futures tested $112 per barrel today and is currently attempting to stabilize in that region after a hasty retreat away from $118 per barrel.   Equity markets recovered their bullish posture while the WTI to Brent ratio has contracted back under $19 per barrel.   Brent and the precious metals were outliers today as the […]

Gold Drops on Eurozone GDP Horror Show - February 14, 2013 21:39

For those that missed it, Gold re-coupled with the Euro in early January after the ECB’s policy meeting and Mario Draghi’s comments on about the direction of ECB monetary policy for the medium term — think tight.  Since that day the daily directional moves in Gold and the Euro have been in sync, with Gold’s […]

Gold Survives Another Vicious Attack Post Draghi Comments - February 8, 2013 3:01

You almost have to feel bad for whatever hedge fund(s) is trying to piggy-back on the ESF and the Fed’s capping of the gold price at this point.   The take down of gold — this seems to be something I’m writing on a daily basis now — started at 9:15 this morning and took gold […]

Euro Bolts Past $1.35 on U.S. GDP News - January 31, 2013 1:11

I certainly hope that people who are short the Euro would get it through their skulls that it doesn’t matter what the U.S. financial press (or Zerohedge for that matter) says about the Euro-zone.   When you compare the situation with the Euro versus the situation with the U.S. Dollar the Dollar is the far uglier […]

GDP Prints Negative Gold Reclaims $1680 - January 31, 2013 0:41

The surprise print of negative GDP growth in the U.S. for the fourth quarter sent gold up 1% (love those ESF guys coming in to ensure it goes absolutely no higher than that) past $1680.   Not only did gold survive that and not give back that gain immediately it survived a brief assault as the […]

E.C.B. Holds Rates, Sends Gold, Commodities Higher - January 11, 2013 3:04

The E.C.B.’s latest policy meeting ended with the central bank not bowing to pressure from choking banks to lower interest rates and held the benchmark lending rate at 0.75% for the time being.  This lifted the cloud that had been hanging over the Euro for the past few weeks while capital in the major U.S. […]

Euro Ends Week Strong, Confirms New Uptrend - December 29, 2012 21:31

The Euro confirmed last week’s breakout with a closing price above the important $1.32 level which improves the probability that this latest move higher is a sustainable one that is capable of taking it back to $1.35 over the next few weeks.  In my mind, looking over a number of crosses, the Euro breakout is […]