Commentaries

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Gold: Euro, China and Goldman Sachs

Gold fell the most in two months as the SEC’s action against Goldman Sachs (GS) spurred investors rushing out of riskier commodities and into perceived safer assets such as the U.S. dollar. Futures for June delivery slid 2% in one day to $1,136.90 an ounce……

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Rising U.S. Dollar and Declining Gold or Vice-Versa?

The current situation on the USD Index and gold appears to be in tune with each other even though the statistical numbers don’t confirm it, which is a particularly interesting state……

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PHYS – note to subscribers

PHYS was added last week as a way to tag the NFTRH speculative account to actual gold as opposed to what may be going on over at GLD. If it worked out as a trade, hey great. Or it could be held longer term. The point was that I felt its management (Sprott) was of … Continue reading

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Goldman Sachs Fraud Charges and the Effect on Physical Gold and Silver

I suggested to some colleagues earlier that, ulitmately, this Goldman Sachs derivatives scandal will further hasten investor distrust of paper “assets” and most likely accelerate the ongoing large flow of capital into phsyical gold and silver (and the movement toward investing strictly in gold/silver vehicles that offer verifiable, authentic custody) and ultimately cause the price … Continue reading

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Net Gold Commercial Positions Surge To Multi-Month High Short Exposure

The just released CFTC Commitment of Traders indicates that the big banks increased their net short gold exposure to the highest since early 2010, hitting -292,244, a jump of -24,396, and an increase of -69,361 from two weeks prior. Also, in the week ended April 13, the outright Commercial short positions in Gold hit a … Continue reading

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Short-Term Trading Tactics

As someone still learning how to trade better (I hope I never stop learning), I wanted to lay out my thought process for re-entering the GDXJ ETF from the long side over the next week. The following is what I expect to happen, and I will re-adjust if the market doesn’t give me what I … Continue reading

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The Comex and The Fractional Bullion System

Everyone knows the concept behind a “fractional” banking system, right? You have $1 in deposits and you lend out $10. The Romans invented the concept and it is widely understood to have been one of the ingredients that led to Rome’s demise. As per the electrifying CFTC hearings on March 26, and a fact that … Continue reading

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