Posts Tagged ‘Gold’
Gold and Oil News - December 12, 2012 0:35
Gold Holds onto $1700, Closes Flat Before FOMC
Tomorrow is the latest policy statement by the FOMC and as such always creates certain types of havoc in the markets. If Bernanke and the Fed announce the actual commencement of the QE program that they promised back in September, then this latest relentless attack on the price of Gold today can be seen as […]
Gold Rises in Asian Trading, Fades on COMEX
If you watch the Gold market everyday like I do you will begin to notice when the market does things differently than it did recently. For the past 2 months Gold has been trading like it did for years, up slightly in the Asian markets only to be ground down after the London fix until […]
Gold Surivives Assault — Ends Week at $1705
Another bearish week for Gold as the bears clearly have the upper hand in this market. The Bulls keep digging in their heels at important support levels but the waves of selling hitting the market during the European and U.S. market hours is too much to allow the price to rise significantly. The selling starts […]
Gold Loses $1700 In Early Trading
Looking at that monetary statistics, it is obvious that no matter what the Fed says they have not begun their QEIII program. The Adjusted Monetary Base — not the strictest variable for the evidence of QE I will grant — stubbornly continues to oscillate around the $2.6 billion level, which, along with Euro strength right […]
Gold Ends November Down $4 for the Month
A continued assault in the Gold pits today ensured that Gold ended the month of November down $4 over the opening price. For the technical guys out there that’s a 2 month downtrend which will have the longer-focused momentum players expecting a down December. Given how tight the spread between the November open and closing […]
Silver Regains $34 While Gold Struggles
All idea of there being any correlation between the action in the precious metals pits and any other particular market at this point is simply a guess. There are obvious operations happening to manage the price of both metals for the purpose of saving the primary dealers and the COMEX while the physical markets for […]
Gold and Silver Hacked on Futures Expiration
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 […]
Gold Holds Onto Friday’s Gains
One always has to be suspicious of a big move on a low liquidity day, like during U.S. holidays. So, while nothing much happened on Thanksgiving itself, the next day, Black Friday, which might as well be a holiday celebrating the zenith of Western consumerism, is also lightly traded. So, when Gold and Silver both […]
Euro Pushes Back Towards $1.30 on Hope
At this point I have to agree with with zerohedge about the Euro, so little of the news coming out the euro-zone leadership anymore makes any sense whatsoever that movements in the big global markets on any one day can be tied to anything in particular. Two weeks ago the Euro was looking at a […]
Gold And Silver Thankful For Bull’s Perserverence
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 […]
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