Friday, November 22, 2013

Dollar's 30 Year Slide May Be Gold's New Life: 2014 Outlook

While many are scratching their heads, I continue to stack and position myself with leap options.  These temporary noise situations are nothing more than diversions.  While we know that the "bull" will always shake the weak investor off his back, those that are not on margin, will be able to withstand whatever the market will provide.  Reserve some cash in case of further take downs and even place good til cancel(GTC) orders on leap options below the market.

Many traders and investors are still scratching their heads at the peculiar gold trading Wednesday which pushed gold below the important technical level of $1,250/oz. Support at $1,250/oz has been breached and gold is vulnerable of a fall to test support at $1,200/oz and the June 28th low of $1,180/oz (see charts below).

Dollar's 30 Year Slide May Be Gold's New Life: 2014 Outlook

Thursday, November 21, 2013

COMEX Halts Gold Trading Twice In One Day After $200 Million Sell Trades

As hard as it is to trade the artificial pricing, we traders must step aside at times.  Remember no position is a position.  Hold your cash until the noise stops and then be ready to trade the trade of the century.

COMEX Halts Gold Trading Twice In One Day After $200 Million Sell Trades

Monday, November 18, 2013

Rigging the Gold Market

Thanks to Pinnacle Digest for this concise look at the blatant manipulation of the metals markets.

While the exact amount is unknown, paper gold supply greatly exceeds physical. The fact that we have a paper gold system tells you just how distorted things have become.  In reality, the paper gold market is no different than a fractional reserve banking system, where there is many times more paper contracts in circulation than there is actual physical gold.

Rigging the Gold Market -- via Pinnacle Digest

Wednesday, November 13, 2013

Andrew Huszar: Confessions of a Quantitative Easer - WSJ.com

The banks were only issuing fewer and fewer loans. More insidiously, whatever credit they were extending wasn't getting much cheaper. QE may have been driving down the wholesale cost for banks to make loans, but Wall Street was pocketing most of the extra cash.

Andrew Huszar: Confessions of a Quantitative Easer - WSJ.com

Tuesday, November 12, 2013

Demise Of The Dollar: Canadian Province Issues Off...

Sufiy.: Demise Of The Dollar: Canadian Province Issues Off...:   

At the first glance you can ask yourself why on earth BC is issuing its debt obligations in the currency which is getting strong...

Thursday, November 7, 2013

Regulators "TRY" again on commodity limits

I have to believe the key word here is "try".  They love to regulate the individual but seem to balk at the so-called "market maker".  They ought to restrict the amount of trading the "market maker" does on their own account.

http://www.mining.com/us-regulators-try-again-on-commodities-trading-limits-23580/?utm_source=digest-en-ag-131106&utm_medium=email&utm_campaign=digest