Gold Pops Back Over $1470 On German Data
The resetting of the Euro back near $1.30 coupled with a drop in oil and base metals prices saw German industrial production jump 1.2% in April, far exceeding the estimates and surprising markets. The...
View ArticleGold Rebounds now that Bernanke is Done Talking
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...
View ArticleWar Trade Pushes Gold Back Over $1400
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...
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Opec Trying To Put Some Support Into Oil Prices
This week began in much the same fashion as they left last week with Oil prices rising. Expectation of a cut in output from OPEC, which could extend into 2018, pushed Crude Oil higher on the futures...
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Oil Prices Fly Whilst Stocks Say “Whatever”
As you most likely know there was a little bit of an incident in Saudi Arabia at the weekend. Something about an Oil refinery being attacked and set ablaze, and the worlds Oil supply being disrupted....
View ArticleCommodity and Equity Bifurcation Continues Towards Plaid
The markets have gone plaid. We had horrible Chinese and German flash PMI data come out this morning which kept commodity prices under duress all day. Copper continues its trek towards $3.00 per lb.Â...
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 Stymied at $1480 as April Ends
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...
View ArticleLabor Report Sends Equities Soaring
While Friday’s jobs may have been more fiction than fact (see Dave in Denver’s breakdown of it here) that didn’t stop the computers from kicking the programs into overdrive and run some overhead short...
View ArticleGold and Silver End the Week Range Bound
Bravo to the money masters this week, pushing and pulling the timing of the news to reinforce a range trade in Gold and Silver. This is keeping the mo mo monkeys out of the market — a game that has...
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