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Tag Archives: bernanke

Bernanke Speaks, Gold Falls Off Cliff

Bernanke Speaks, Gold Falls Off Cliff

You know, I can write one of these articles every couple of months, because, like clockwork, when the Chairman of the Federal Reserve’s Open Market Committee testifies before congress or… Read more »

Everything is Under Control, Stay Calm

Everything is Under Control, Stay Calm

Thanks to those wily and upwardly mobile Chinese who, for some unfathomable reason, like Coca-Cola (NYSE:KO), Starbucks Coffee (NASDAQ:SBUX) and Domino’s Pizza (NYSE:DPZ) we can actually enjoy equity markets in… Read more »

Oil Flat as Iran Willing to Bargain Over Nuclear Program

Oil Flat as Iran Willing to Bargain Over Nuclear Program

Oil was hit early this morning in front of the FOMC statement with a report that Iran would be willing to halt its uranium enrichment program in exchange for the… Read more »

Gold Survives Multiple Attacks, Closes Flat

Gold Survives Multiple Attacks, Closes Flat

Well, it would be more accurate to say that gold closed capped at $1644.95 per ounce.  After surviving multiple attacks both before Bernanke opened his pie-hole to say that he… Read more »

Gold Unmoved In a Boring Wednesday

Gold Unmoved In a Boring Wednesday

Gold closed at $1660.60 per ounce on Wednesday putting in a rare inside day with extremely low volatility and even lower volume.This downtrend in gold is being forced lower on… Read more »

Gold and U.S. Treasuries Pop as Spain Roils Markets

Gold and U.S. Treasuries Pop as Spain Roils Markets

So, you say that gold is a risk asset?  It’s certainly been trading like that to the quantitative traders.  The problem is that gold is not a risk asset but… Read more »

Grains Go Limit Up After USDA Report

Grains Go Limit Up After USDA Report

Looking at the action in the grain pits today one would think that Billy Ray and Louis were hiding a guy in a gorilla suit while having their way with… Read more »

Bernanke Speaks and Gold Soars

Bernanke Speaks and Gold Soars

Gold bears better buck up and get used to this because the truth is that these may be the final days in which we ever see gold print with a… Read more »

Bernanke Sneezes and Gold and Silver Fall Dead

Bernanke Sneezes and Gold and Silver Fall Dead

I don’t know about you, but I have serious reservations about any one man having the kind of power that the Chairman o the Federal Reserve has.  I said yesterday… Read more »

Gold Up Strong After 3 Year Auction, Euro at 2 Month High

Gold Up Strong After 3 Year Auction, Euro at 2 Month High

Gold opened up the day in bull mode in what is known by some gold traders as “Turnaround Tuesday.”  The combination of Fed Chairman Ben Bernanke’s testimony and a two… Read more »

Flight to the Dollar Keeps Pressure on Gold and Silver

Flight to the Dollar Keeps Pressure on Gold and Silver

Even in the face of a new report from Citigroup’s (NYSE: C) FX Technicals division which expects to see Gold rise to $3400/oz over the next two years, Wednesday saw… Read more »

Sell Everything Wednesday as Draghi Says No Not Yet

Sell Everything Wednesday as Draghi Says No Not Yet

New ECB Chairman Mario Draghi held a presser Wednesday before the New York open wherein first he announced a 0.25% cut to the discount rate, now 1%, as well as… Read more »