Dow Sets Record, Everything Else is Contained - March 5, 2013 23:17

When Alan Greenspan was brought out of his coffin — only at night by the way — a couple of weeks ago he made it clear that the Federal Reserve believes it can create economic prosperity through the manipulation of perception.  And the greatest tool for attenuating the strength of the Fed’sreality distortion fieldis the […]

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 […]

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 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 and Silver Stabilize After G-7 Gabfest - February 13, 2013 1:08

Coming into tonight’s State of the Union address both Gold and Silver were in serious danger of washing out to recent spike lows.  Bulls, however, came in to support gold at $1640, well ahead of the $1626 spike low from January which is the current downside magnet.  There is little to do at this point […]

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 […]

Silver Continues to Trade Sideways - February 7, 2013 0:09

Silver has been capped all week below $31.85 per ounce.  The apparent situation for March delivery could be explosive especially considering that physical investment demand in the U.S. hit an all-time high in January.  People love silver at this price.  It represents one of the few undervalued assets in this new QEternity environment. One of […]

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 […]

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 […]