Well, they rolled over. Unbelievable the lengths they will go to to have us believe they are stewards of a supposedly sound economy. I have
HUI has spent the week fooling around in a bear flag, which seems logical with the markets under the spell of FOMC. Everything is just
The media love to get a hold of buzz words and then give them a spin and a life all their own. Recent examples were
The world expects the FOMC to update its expectations regarding a tapering of Treasury bond asset purchases tomorrow. The world thinks that a tapering of
The preferred support for gold is 1350. This morning gold is $10 an ounce below that level.
The precious metals are getting sold hard in the face of whatever ‘feel good’ thing is going on with some ‘US may not invade Syria
With reference to yesterday’s bigger picture look at the yield curves, here is a daily view of the 30 year yield vs. the 5 year.
As noted, this week’s letter was a difficult one because it raised a lot of questions, many of which seem to have opposite implications. Going
Interest Rates It looks like interest rates could get to target all in one big gulp after all. But the employment report this morning could
The 60 minute view from yesterday’s update has made a lower low as 260 was violated. Now HUI is looking for support at the EMA
A quickie to take a close up view… Yesterday’s low maintained a ‘higher low’ in a series of them off the August low. So by
The problems in the Middle East are messing with an important component of the gold mining fundamental case, crude oil. So let’s check the status.