The price of Gold (NYSEARCA:GLD)continues to limp towards the start of COMEX physical deliveries in October consolidating between $1300 and $1400 per ounce
The massive move in Gold prices yesterday was really the sideshow to the main event of a reversal in U.S. Treasury prices.
The Fed had a choice to make and it was an unpleasant one regardless of which side of the economic fence you’re sitting.
When you think of it like that the idiocy of central planning is pretty stark
Larry Summers has withdrawn his name from contention for being Ben Bernanke’s replacement as the Chairman of the FOMC
Gold is in a fragile state right now since the most acute short-term supply stress indicators — GOFO rates — have normalized.
The market’s knee-jerk reaction to this morning’s Non-Farm Payroll miss
sent everyone into risk-offmode as Gold spiked more than $
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
Thanks to yesterday’s ‘Hilsen-Rumor‘ the final pretense that the Federal Reserve was actually going to taper off Quantitative Easing was dispelled.
After last night’s thrashing on the TOCOM which saw the Nikkei 225 drop 843.94 points, the US equity markets were looking at another potentially ugly day.
For anyone trying to figure out why Gold cannot rally in the face of spiking bond yields and an appreciating Yen, look no further than your calendar.
Last night while the Yen was breaking down I found myself laughing at the stubborn refusal for the futures market to allow gold to print a 14 handle
Today marked the first Tuesday in 21 weeks where the Dow did not rise
Understanding how the Federal Reserve has kept the price of gold under control for six months during all of this QE has been to look at the Japanese Yen
Today was a special day in that we saw nearly two full cycles of gold attempting to break through $
Testimony from FOMC Chairman Ben Bernanke on Tuesday sparked an lot of volatility across a number of markets