Category Archives: Gold

Parabolic Moves and Gold

Posted on July 22, 2012 by macromon

The Fed finds itself extremely unlucky once again as it talks up quantitative easing while food prices, mainly wheat and corn,  are making a parabolic and historic move as crops suffer from extreme drought.   You can’t prove causation with … Continue reading →

Posted in Black Swan Watch, Commodities, Gold, Inflation/Deflation | Tagged , , , , , | 1 Comment

Bernanke & Data Disappoint Goldbugs

Posted on June 7, 2012 by macromon

You can see from the chart that gold starting selling off right around the release of the Beige Book yesterday, “Reports from the twelve Federal Reserve Districts suggest overall economic activity expanded at a moderate pace during the reporting period … Continue reading →

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

Gold In Full Blown QE Mode

Posted on June 6, 2012 by macromon

Gold is a weird cat with multiple personalities and more than nine lives.  The yellow metal is up almost $100 since last Friday’s weak U.S. employment report. At any given time period  gold will assume any one of its multiple … Continue reading →

Posted in China, Gold, Inflation/Deflation, Monetary Policy | Tagged , , | 3 Comments

Markets Want More FED “Crack” – Harry Dent

Posted on April 4, 2012 by macromon

Harry Dent does a pretty good job in ‘splaining today’s risk sell-off, in our opinion. We’re beginning to sense, however, the markets are awakening to the fact the U.S. government is going to have a funding problem. As the world … Continue reading →

Posted in Black Swan Watch, Budget Deficit, Gold, Japan, Monetary Policy, Sovereign Debt, Sovereign Risk | Tagged , , , , , , | Leave a comment

Ugly Chart Contest: Safe Haven Swan Diving

Posted on March 19, 2012 by macromon

There’s something happening here What it is ain’t exactly clear…. Everybody look what’s going down – For What It’s Worth – Buffalo Springfield,  circa 1967 The former safe havens – U.S. treasury bonds, gold, and the Japanese yen — have … Continue reading →

Posted in Black Swan Watch, Bonds, Currency, Dollar, Economics, Gold, Japan | Tagged , , , , , | 2 Comments

S&P500 Sets Up for Correction

Posted on February 29, 2012 by macromon

This is not the chart pattern the bulls want to see at a major resistance level.  Today’s high and low in the S&P exceeded yesterday’s thus carving out a  bearish engulfing/or outside reversal day.  One point on a chart is … Continue reading →

Posted in Equities, Gold, Technical Analysis | Tagged , , | 1 Comment

Bernanke’s “No Mas” Send Gold, Bonds, & Yen into Swan Dive

Posted on February 29, 2012 by macromon

Wow!  Take a look at gold, bonds, and the yen after Fed Chairman Ben Bernanke’s testimony on Capitol Hill was interpreted as “no mas” on further quantitative easing.  We we’re a little too complacent with our covered gold positions and … Continue reading →

Posted in Bonds, Gold, Japan, Monetary Policy | Tagged , , , , | Leave a comment

Gold Rebounds as Bernanke Confirms Easy Money

Posted on February 7, 2012 by macromon

In his testimony at the Senate Budget committee this morning,   Fed Chairman Ben Bernanke,  resisted the temptation to day trade monetary policy on the back of Friday’s good employment data.   Our sense is the global printing press’ and zero interest … Continue reading →

Posted in Black Swan Watch, Gold, Monetary Policy, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , , | Leave a comment

The Golden Bid

Posted on January 27, 2012 by macromon

Nice breakout in gold on strong volume after the Fed’s announcement they’ll continue to flog savers, possibly into 2014.  Technically it looks good x/the 78.7 RSI overbought condition.   Open interest is way down and you can feel that in the … Continue reading →

Posted in Gold | Tagged , , | 2 Comments

Blast Off!

Posted on January 25, 2012 by macromon

Thanks, Ben.  We were getting worried there.  Cash gold is up $30, after hitting a high of $1,705.    Next up LTRO2.  Always with a stop. (click here if chart is not observable)

Posted in Gold, Monetary Policy | Tagged , , , | Leave a comment