Folks, the daily charts are broken. We know that. The gold “community” is scattering again in the face of whatever it is that prompts these
In response to a subscriber’s request, I am pleased to announce the addition of a simple yet helpful new aspect to the NFTRH service that
Well I am back already… :-) with a couple different views within the precious metals complex today. First, I added some Fib retrace lines to
Today Jeremy Stein (Fed member) lobbed his .02 into the media with talk about a ‘mechanical taper’ tied to economic data. He joins James Bullard
HUI has dropped to a thus far ‘higher low’ to the critical 217 parameter. Gold Bug sentiment is down to 10% by the Sentimentrader data
The economist who predicted the financial crisis just sounded another alarm—it would be wise to listen this time A good article (thanks Tom) about a
Last week the Fed treated us to a whipsaw as market perceptions apparently were not in line with the FOMC policy statement, which was basically
In the current policy and media stoked market environment, anything is possible. It’s the wonderful, magical world of hands-on policy making. 5 years after the
Here is what the US Fed did to the currency it is supposedly a steward of yesterday. The USD plunged below an important support level.
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.