Gold Threatens the $1700 Level as Equities Sag
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...
View ArticleGold Loses $1700 In Early Trading
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...
View ArticleEuro Bullish Breakout
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...
View ArticleEuro Ends Week Strong, Confirms New Uptrend
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...
View ArticleGold Continues to be Pressured by Commodity Weakness
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...
View ArticleCrude Oil Spread Drops Under $10 as West Texas Rises above $94
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...
View ArticleGold Holds Onto Gains as Inflation Expectations Rise
The massive move in Gold prices yesterday was really the sideshow to the main event of a reversal in U.S. Treasury prices. The benchmark 10 year yield moved quickly down to 2.7% and traded lower than...
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