Category Archives: Gold

Gold is no hedge for Apple

Posted on December 20, 2012 by macromon

A friend of GMac Monitor tweets on our last post on gold:  “so gold is no short-term hedge for Apple?” When in doubt go to the charts… Short answer.  Nope! Didn’t the Mayans write about this correlation?  Or was it … Continue reading →

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What’s Up With Gold?

Posted on December 17, 2012 by macromon

The Fed expanding its balance sheet by over $1 trillion next year and the Bank of Japan expected to embark on massive quantitative easing and gold can’t catch a bid.  WTF? Mark Dow over at Behavior Macro has the best … Continue reading →

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Cue FED

Posted on December 11, 2012 by macromon

Here’s some interesting data the Fed is surely looking at. The monetary base has been flat lining since the end of QE2 —  i.e., the balance sheet growth of the Federal Reserve has not been above long-term growth.  May explain … Continue reading →

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Gold At Key Level

Posted on November 25, 2012 by macromon

The gold ETF’s (GLD)  closed above its 50-day moving average for the first time in over a month after its 1.22 percent move on Friday.  The chart below illustrates the 50-day has been key resistance since the correction from around … Continue reading →

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Gold and S&P500 Part Ways

Posted on November 11, 2012 by macromon

Gold was clearly rejected at its 50-day moving average on Friday to close almost unchanged for the day.  We really want to buy it here, but Friday’s gravestone doji candlestick coupled with the failure to move through the 50-day makes … Continue reading →

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The Golden Bernanke

Posted on August 31, 2012 by macromon

We asked yesterday, albeit somewhat jokingly, what market needed to “see the money” the most.   Stocks, bonds, or gold? Mr. Market has spoken.  The initial pop in stocks has faded with notable weakness in Apple, yet gold is holding its … Continue reading →

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James Grant on Markets, Fed Policy, Gold Standard

Posted on August 29, 2012 by macromon

Bloomberg’s Tom Keene interviews Jim Grant.  Always worth a listen, especially with the gold standard back into the news.  He also takes a swipe at the Swiss National Banks.  Good stuff. We need a central bank that has the humility … Continue reading →

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Why Gold Is Money

Posted on August 28, 2012 by macromon

Planet Money of NPR and its chemist explains why the some Repubs are not pushing for a “lithium standard.”   This piece originally aired last November. (click here if video is not observable)

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Can You Hear That?

Posted on August 22, 2012 by macromon

The horn of QE3 ready to leave dock… Participants also exchanged views on the likely benefits and costs of a new large-scale asset purchase program. Many participants expected that such a program could provide additional support for the economic recovery … Continue reading →

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Cue Up Gold

Posted on July 25, 2012 by macromon

After the Hilsenrath QE story, which broke in the last hour of yesterday’s equity session,  gold has started its move.  It’s up over $20 today  breaking out of a symmetric triangle formation. We believe is gold is driven primarily by … Continue reading →

Posted in Gold, Monetary Policy | Tagged , , | 1 Comment