Gary Tanashian

  Gold bugs were sent to the woodshed for much of the last year while the regular stock market spent much of its time bulling.  This has served two purposes.  First the over bullish (gold fever) sentiment profile was cleared out in the precious metals and a over bearish profile was at least partially … Continue reading

Excerpted from NFTRH 202: Bernanke Plays it Perfectly From last week’s opening segment: “Another way to look at it is that the market’s fate appears to rest with the jawbone of the man about to speak at Jackson Hole on Friday.” From last week’s closing ‘Wrap Up’ segment: “I think the theme now is that … Continue reading

MarketWatch has a piece today on the recent headline making noise out of the GOP about a return to the gold standard. GOP’s Gold Standard Idea Isn’t Likely to Shine “The gold standard, it is argued, would foster economic stability and prosperity, primarily by creating price stability, fixed exchange rates and placing limits government deficit … Continue reading

From ‘Road to Nowhere’ by the Talking Heads: We’re on a road to nowhere come on inside. Takin’ that ride to nowhere we’ll take that ride. Maybe you wonder where you are I don’t care. Here is where time is on our side  take you there. From the US Federal Reserve’s website and the sub-section The … Continue reading

It has been a year since gold began its downward biased consolidation out of the acute phase of the Euro meltdown and resulting hysteria.  In that time, the deflation case was released from the jail that had been a heightened public fear of inflation (the pinnacle of which was in spring of 2011, a time … Continue reading

I see analysis popping up out there refuting the bearish Descending Triangle view and in my opinion that is with good reason; it looks a lot more like a massive consolidation of previous bullishness than a topping pattern. However, a common theme seems to be some kind of static about a QE3 ‘Super Sunday’ (don’t … Continue reading

The FOMC announced that Operation Twist would continue through year end.  This is where the Fed tries to re-inflate the housing bubble (and related areas) by buying long term T bonds to artificially hold down long term interest rates while sopping up any inflationary implications to the money supply by selling short term T bonds.  … Continue reading

Yesterday we looked at the strange configuration in T bonds, where Wall Street dealers appear to be clinging to a deflationary Armageddon scenario, or just maybe are holding up a big buyer with a stated mission to buy these bonds.  Regardless, today we check out a different view of T bonds. Here is the Commitments of … Continue reading

Many chart geeks – myself included – are managing the 1520 to 1530 area as important support for gold, which it is if the ‘price’ of gold is what matters.  And with legions of individuals and funds holding GLD or other forms of paper gold, I suppose it is important.  They are hoping for their … Continue reading

A few articles I have written lately have elicited some responses that have been less than complimentary.  This generally comes with the ‘public writer’ territory, but negative feedback seems to come more intensely when the market is at critical junctures where its fortunes are potentially near a point of change. It goes both ways as … Continue reading

My wife forwarded this (A Terrifying Vision of the End Game) to me last week.  It has gone viral after all (which is the only reason a finance-o-phobe like my wife – and like most normal people outside of geeks like you and me – would have seen it).  It comes courtesy of Business Insider, … Continue reading

Excerpted from the June 3 edition of Notes From the Rabbit Hole, NFTRH190: On June 20th the Federal Open Market Committee is going conclude a two-day meeting and release a summary of their view of the economy, most likely including an ‘unwelcome’ decline in inflation. That of course would signal a dreaded deflation, which are the … Continue reading