Category Archives: Gold

Apple Breaks Out, Gold Breaks Support

Posted on September 15, 2011 by macromon

A quick update to our recent posts on Apple and gold.   Apple has broken out of its bullish pennant formation and looks poised to take out the July 26th all time high of $404.50.  This is a chip shot from … Continue reading →

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Golden Falters

Posted on September 12, 2011 by macromon

Gold’s 30 percent parabolic move from July 1 to September 6 is beginning to falter.   Maybe the yellow metal is just out of gas and needs to consolidate a little or maybe it’s something bigger, such as the liquidity issues … Continue reading →

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Stocks Say Yes, Gold Says No, I-Lean Gets Slammed

Posted on August 23, 2011 by macromon

WTF was that?  S&P500 up 3.43 percent  and the GLD down 3.80 percent and that’s not counting the spike to over 1,900 cash gold in after hours trading.   How are the fundamentalists going to reconcile and stick that in the … Continue reading →

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This Market Sucks – Going Fishin’

Posted on August 17, 2011 by macromon

Fug this market.  Nothing is working.   You get long and lose money.  You get short and lose money.  You get flat and you lose purchasing power as the dollar melts and commodity staples rise.   These are the kind of markets … Continue reading →

Posted in Black Swan Watch, Commodities, Crude Oil, Economics, Gold, Sovereign Debt, Sovereign Risk | Tagged , , , , | 2 Comments

What the Germans Are Reading

Posted on August 11, 2011 by macromon

When real interest rates are negative resources are  misallocated and we pay dearly in the future.   This was the case during the housing bubble when Playboy bunnies were forsaking their careers to pursue the real estate gold rush (see here).   … Continue reading →

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PBOC Adviser Urges Central Bank to Diversify Reserves

Posted on August 10, 2011 by macromon

We find this Bloomberg piece very interesting.  Maybe this is where some of the panic buying in gold is coming from.  We’ve been pounding the table on this trade.  See here and here. Bloomberg writes, China should urgently assess risks … Continue reading →

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Mr. Toad’s Wild Ride!

Posted on August 9, 2011 by macromon

Wow! What a day.  Incredible moves.   Scared markets.   Capital stampeding like buffalo not knowing where to go.   Great if you’re on the right side of the volatility, but you still needed a neck brace from the whiplash. It’s gonna … Continue reading →

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Gold is the New Deutsche Mark

Posted on August 8, 2011 by macromon

We point you to our piece posted last month here at the Global Macro Monitor, Gold’s Perfect Storm? Nears All-time Closing High Posted on July 12, 2011 by macromon Gold is creeping higher as many believe it is the only place … Continue reading →

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

Picture of the Day: Gold Fever, Everywhere!

Posted on August 2, 2011 by macromon

(click here if photo is not observable)

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Bank of Korea buys gold – Reuters

Posted on August 1, 2011 by macromon

Reuters reports that Korea’s central bank bought 25 tonnes of gold over the past two months.  It was the first purchase in more than a decade.  Reuters writes, The Bank of Korea said in a statement its latest gold purchase … Continue reading →

Posted in Currency, Gold, Uncategorized | Tagged , | 1 Comment