Gold Speaks

Last week was a dreadful one for the gold bugs, but as Peter Brimelow reports, Asia may be coming to their rescue. Originally from MarketWatch

This is one of those times that we have inveighed about so often.  It is a typical “COM” week where markets are designed to confuse, obfuscate and misdirect the players.  All thirty DOW stocks and commodities were down as Europe and Bernanke disappointed the markets with what they did not do.  The markets were looking [...]

The price of gold was off by nearly 5% yesterday, with comex gold losing over $97 an ounce on an intraday basis.  This price collapse is comparable, in percentage terms, to the carnage seen in other precious metals, but well beyond the damage seen in other ‘risk’ areas of the marketplace (i.e. commodities and equities). [...]

Originally from Fool.com: The Motley Fool

You’ll often hear that the gold price is tied to inflation and that gold ETFs like (GLD) can therefore be used as an inflation hedge. But Eddy Elfenbein presents a fascinating model for evaluating . . . Originally from MarketWatch

Gold bugs over the last two weeks have become even more discouraged than they were at the end of November. Originally from MarketWatch

It’s more subtle and sophisticated than "buy Gold and get rich." But in the end, not much. Traders and speculators are always looking for the edge – much like the hares racing the tortoise. But the tortoise method of investing for this secular cycle is important and should comprise a significant portion of one’s portfolio [...]

Not to be outdone by the recent S&P 500 triangle pattern, Gold is forming a broader Symmetrical Triangle Consolidation Pattern that we’re following closely for any sign of a breakout from the converging trendlines. Let’s look at this situation from two perspectives, starting with the “pure price” intraday level: When discussing a Symmetrical Triangle, it’s [...]

Thursday, December 8, 2011 Gold traders are looking to the equity markets and the ECB to help determine the near-term market direction. Volatility in terms of trading ranges as well as implied by option pricing has been falling lately, indicating that neither the bull nor bear camps have had the upper hand in trading. Additionally, [...]

Don’t be greedy, or a giant catfish might force you to spew out your savings… UNLIKE us – who are so smart today – ancient folk in ancient times used to believe the oddest things about how the world worked. The Japanese, for instance, long thought that earthquakes were caused by a giant catfish, shuffling [...]

Should money really still be kept moving when debt forgiveness is already being talked up. Originally from Mineweb – Daily news headlines

These figures are from the Preliminary BIS Reports of November 2011 which reflect reporting bank positions as of the Jun 2011 quarter. Obviously therefore they do not yet reflect the recent Fed expansion of the swap lines for dollars. The first chart represents the total dollars held by banks as ‘foreign currency.’ Originally from The [...]