Gold Recovers After Fed Induced Drive-By - April 12, 2013 0:57

Make no mistake about it, yesterday’s snafu with the March FOMC minutes was no honest mistake.  The release was perfectly timed to give maximum benefit to the short side of the gold market giving their quislings yet another opportunity to cover at lower prices.  Today we saw steady, constructive buying until the COMEX close where […]

Gold Rockets Up on Risk Off Trade Returning - April 6, 2013 0:06

Even the late afternoon ramp in equities could not dampen the bullish atmosphere in the precious metals futures pits today.  After a horrific Non-Farm Payroll print that even CNBC couldn’t spin in a positive light, Gold shot up past $1570 and then subsequently twice pushed through obvious capping action at $1566 and $1572 before ending […]

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 […]

Right on Schedule, Gold Busts Back Through $1700 - November 7, 2012 0:22

You know, it’s getting a little silly to be honest.  I really wanted to believe that the Gold and commodity markets were not being manipulated down before the U.S. presidential election but after today’s action in the markets it is hard to not believe it. After grinding inch by inch higher for near 48 hours […]

Markets Closed, Gold Drifts Sideways - October 30, 2012 0:29

With Halloween falling on a Wednesday this year this may be another opportunity for some kind of dislocation in the Gold market as the November contract expires on that day.  I say this because of what happened the last time the month ended on a Wednesday, the Leap Day massacre that dropped Gold by more […]

Gold Ends Strong, Still Off $10 for the Week - October 26, 2012 23:08

The evening rise in Gold was cut short early last night around midnight EST where data coming out of Europe spooked the market back down towards $1700 and for the third time in three days, the level held.  U.S. GDP data sent the metal higher on the COMEX open and it again took a run […]

Gold Rebounds on Strong Asian Buying - October 26, 2012 0:23

After Gold touched $1700 per ounce yesterday it immediately caught a bid and pushed higher.  After the New York markets closed there was the usual measured buying back of shorts put on during the day during Asian trading which looked like it would take gold back to around $1708 and hold there for today where […]

The Fed Returns to Saying Nothing and Markets Drift Lower - October 24, 2012 22:11

The FOMC statement released this afternoon went back to reiterating that nothing has changed, they will continue to keep things rolling along they way they are: ZIRP until at least mid-2015, because there are still some people in the U.S. that have some savings and that just will not do. Operation Twist will continue until […]

Yuan Hits All-Time High Vs. The Dollar - October 11, 2012 23:20

Slowly but surely the Federal Reserve and the U.S. Treasury Department are getting what they want, a weaker U.S. Dollar (AMEX:UUP).  If you were to watch the trade-weighted USDX you might not see it as it is being managed on practically a tick for tick basis these days.  Headlines are timed to ensure that the […]