Crude Oil Spread Drops Under $10 as West Texas Rises above $94 - April 30, 2013 1:21

For the past two years the spread between Brent and West Texas Intermediate crude oil grades has been very high, vacillating between $16 and $28 per barrel at times due to huge supply coming into the holding station at Cushing, Oklahoma.  A number of factors contributed to this situation, including the rapid rise in oil […]

Gold Continues to be Pressured by Commodity Weakness - April 4, 2013 1:12

The cover story at this point for the latest operation in the Gold market is commodity weakness today on weak employment data.  Since silver is now trading wholly along with the commodity complex when it is convenient then gold is dragged along with it.  In other words folks, there is no rhyme or reason to […]

Euro Ends Week Strong, Confirms New Uptrend - December 29, 2012 21:31

The Euro confirmed last week’s breakout with a closing price above the important $1.32 level which improves the probability that this latest move higher is a sustainable one that is capable of taking it back to $1.35 over the next few weeks.  In my mind, looking over a number of crosses, the Euro breakout is […]

Euro Bullish Breakout - December 18, 2012 15:21

In yesterday’s blog I noted that the Euro / US Dollar cross was approaching breakout territory.  The Euro last Friday put in the highest weekly close versus the Dollar since late May and was threatening last week’s high at $1.317.  Yesterday took the price of the Euro over that level and today it has followed […]

Gold Loses $1700 In Early Trading - December 4, 2012 15:59

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 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 […]