Gold Stymied at $1480 as April Ends - April 30, 2013 22:42

Chart painting or legitimate selling pressure, that’s the question I have as April trading finishes in Gold and Silver.  Friday’s high of $1485 has yet to be challenged again as the line has been drawn at $1480 per ounce.  even this morning’s bounce on the announcement of the ECB planning to cut interest rates was […]

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 Spikes Down to $1650 on Multiple Signals - December 20, 2012 16:25

I’m watching the gold market right now and $1650 has been reached this morning.  There is still nearly two full sessions until options expiration tomorrow so this current downdraft has a lot of potential for a major wipe out.  If you are long gold with leverage you are an idiot.  Jim Sinclair has been telling […]

Fiscal Cliff Headilnes Continue to Reveal Fed Strategy - November 12, 2012 22:53

Extend and pretend is the phrase that will be written on the tombstone of the early 21st century governments and central banks.  that is all they can do at this point.  Since announcing QEIII back in September the Federal Reserve has not actually begun printing and more than the E.C.B. has.  The E.C.B. has the […]

Gold Completes the Turnaround, Closes over $1730 - November 10, 2012 0:36

It was quite a week in the Gold pits.  After Friday’s rout where $1680 was violated, throwing a very bearish signal last week, the bulls began the week in full retreat falling back to $1672.50 where they dug in and forced the speculative shorts to begin covering.  This ground higher all through Monday and Tuesday […]

Election Changes Little, Gold Goes for a Ride - November 7, 2012 21:56

The U.S. elections last night proved to be a whole lot ofsound and fury signifying very little.  From a tactical standpoint the GOP got its head handed to it on a fiat money platter.  Their strategy was to sacrifice the presidency by running an empty suit in Romney and use the voter outrage to win […]

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 […]

China, Japan Do the QE Thing While U.S. Markets Sleep - October 31, 2012 20:45

On Monday the Bank of Japan announced another addition to their near-limitless QE program, Â¥11 trillion to be precise.  The market was hoping for Â¥15 trillion and as such the Yen promptly rose by 40 basis points.  This is what passes for markets these days.   The front-running of what traders expect central banks to do […]

Gold Threatens the $1700 Level as Equities Sag - October 23, 2012 23:01

The fear trade seems to be returning in full force, but this time it is fear of a true global recession that is driving capital back into the very fickle arms of the U.S. Dollar and, to a lesser extent, U.S. Treasuries.  After as successful defence of 79 the USDX has moved back to 80 […]