Commentaries

I have recently written about the breakdown of disaggregated data from the futures markets into producers and swap dealers for gold and silver futures, as reported in the Commitment of Traders reports issued by the US government’s Commodity Futures Trading Commission (CFTC). There is a further category of trader to consider, and that is Managed Money. According … Continue reading

All the fundamental factors that have made gold such a stellar investment for the last decade are still intact.

Gold and stock market forecaster have been using cycles in price that repeat every certain amount of trading days to help them spot key reversal areas in the financial market. Almost everything in life seems to go in cycles and commodity prices and the stock market are no different

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

Gold (GLD) is consolidating after hitting a two-week high. Investors are witnessing renewed strength in precious metals after the Fed announced the expansion of Operation Twist until at least the end of the year.

Let’s start by stating that the title of this essay refers to the current situation on the gold market – not to the long-term fundamental picture.

Major peaks in the gold market tend to follow major shifts in the monetary backdrop — from a high to a low monetary inflation rate — with a lag of more than two years.

We have climbed the wall of worry for over twenty years as wealth in the ground becomes increasingly desirable in a world that is threatened with the ghosts of depressions past.

Today’s market session is very volatile, not only in case of euro, dollar and stock indices, but also in case of precious metals.

PMs update on technicals, sentiment, breadth, seasonality and more…..