Gold Price – Bulls Have The Technical Advantage - June 23, 2014 20:06

The price of Gold, in todays U.S. session, is marginally higher (Monday). The technicals show a huge spike in prices from the end of last week, (the largest one day rise this year) and on the back of that some profit taking has featured to begin the trading week. The silver and gold bulls will […]

Gold Ramps Home Its Single Biggest Rise This Year - June 19, 2014 19:39

And as if by magic, the price of Gold is on course for the largest daily increase this year, being ramped up by investors (who were caught with their trousers down) by the prognosis for sustained low rates of interest from the Federal Reserve. Gold futures contracts for August delivery, the front month contract, increased […]

Gold Continues to Build Base Above $1300 - September 25, 2013 19:42

Despite the Federal Reserve’s lame attempts to continue controlling the markets through its now shattered communications strategy the price of Gold continues to limp towards the start of COMEX physical deliveries in October consolidating between $1300 and $1400 per ounce.  This morning’s durable goods miss was significant and after some HFT churn the gold market […]

Jobs Number Sends Gold Back Near $1400 - September 6, 2013 13:53

The market’s knee-jerk reaction to this morning’s Non-Farm Payroll miss — 169,000 jobs vs. expectations of ~180,000 — sent everyone intorisk-offmode as Gold spiked more than $20 on the news to trade around the $1390 level.  Silver rose $0.60 and looks like it will challenge the elusive $24 area as we approach the end of […]

War Trade Pushes Gold Back Over $1400 - September 3, 2013 18:59

Last week we were assured by U.S. Secretary of State John Kerry that the U.S. would definitely be going to war with Syria over the alleged use of chemical weapons by the Assad Government.  That pushed gold above the June high at $1423 briefly before cooler heads — and the doves in the U.K. House […]

Gold Ends Week Up Slightly, Waiting for a Signal - June 15, 2013 1:02

Thanks to yesterday’s ‘Hilsen-Rumor‘ the final pretense that the Federal Reserve was actually going to taper off of its bond-buying program known as Quantitative Easing was dispelled.  This had the effect of buoying equity markets last night and into this morning while also putting a stiff bid under both Gold and Silver.  Of course, a […]

Gold Gyrates Below $1400 Still - May 28, 2013 22:46

Today was a special day in that we saw nearly two full cycles of gold attempting to break through $1400.  The first happened in Asia last night.  The second happened during the COMEX hours in New York this morning.  Both times the selling came in strong to push gold back down, first to $1375 and […]

Gold Ends Week Up, Despite Turmoil - May 24, 2013 22:03

Testimony from FOMC Chairman Ben Bernanke on Tuesday sparked an lot of volatility across a number of markets, most notably the Nikkei which dropped 7.3% the following evening, causing equity markets the world over to stall in their pursuit of Dot.com-like P/E’s.  Gold began the week following through with Friday’s weakness as margin-related selling forced […]

Gold Rebounds now that Bernanke is Done Talking - May 23, 2013 23:02

It is one of the unwritten rules of the market, “Gold cannot make the FOMC Chairman look bad.” Yesterday’s Humphrey-Hawkins testimony by FOMC Chairman Ben Bernanke was the catalyst for the hit on gold and silver during the COMEX hours.  And it happens every time the chairman is due to speak in public. The efficacy […]