Gold Fights for $1300 Ahead of Fed Meeting - September 18, 2013 16:36

The all-important FOMC meeting should be concluded and if it went to form the members spent all of 20 minutes deciding the fate of the world and 2 days figuring out how to communicate that to us mere mortals.  When you think of it like that the idiocy of central planning is pretty stark.   But, […]

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 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 […]

Forex Outlook for the Week Ending October 12th, 2012 - October 9, 2012 23:49

Significant economic events which could substantially affect the trading of currencies and forex markets for the week ending October 12th, 2012 are as under: On Monday, October 8th, 2012, Germany reported its official figures on trade balance, imports, exports and current account along with data on industrial production. In euro zone, data on Sentix investor […]

Gold Futures Lower in the Start of the Week - May 22, 2012 23:51

Gold futures contract fell on Monday but found some support from gaining oil futures and lower US dollar. Gold futures contract for June delivery fell 0.2 percent or $3.20 to settle at $1,588.70 per ounce on the Comex division of the New York Mercantile Exchange. The precious metal gained 0.5 percent in the last week. […]

Gold Futures Fell to Lowest in 10 Months - May 17, 2012 23:57

Gold future reached their lowest since July 2011 on Wednesday mainly affected by stronger greenback and Greece’s economic and political worries. Further to add to the losses of the precious metal European Central Bank also decided to stop funding to certain Greek banks, however the central banks also disclosed that it would continue to support […]

Australian Dollar Plunges on Weaker Trade Data - May 9, 2012 23:52

The Australian dollar took a heavy beating on Tuesday and fell below $1.01 versus the greenback which also happens to its lowest since December. Investors squared off their positions on the Australian unit in reaction to weak Australian trade data and escalating worries over European debt. According to the latest report Australian trade deficit reached […]

Forex Markets-Weekly Outlook - April 17, 2012 23:53

Major economic events which can affect the forex trading and markets significantly for the week ending Friday, April 20th, 2012 are as follows: On Monday, April 16th, in euro zone, data on Italian trade balance and government debt was released while the single currency region published its separate figures on trade balance. In United States, […]

Gold Futures Gain on Attractive Levels - April 6, 2012 23:37

Gold futures contract for June delivery gained on Thursday as the Investors opt bargain hunting on the precious metal due to its attractive levels. Gold along with other commodities plunged in earlier sessions in reaction to the decision of the US Federal Reserve to stop its quantitative easing program due to improvement in US economy. […]