Tag Archives: Gold

Is This Why Gold and Bonds Sold Off?

Truly a mug’s game to try and retrofit fundamentals to short-term market moves, but ain’t gonna stop us! We’ve noted the comovement of the U.S. 10-year T-Note with gold over the past few months, driven, we believe, mainly by geopolitical … Continue reading

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Gold Still Tracking Bonds

We posted last week the correlation of the bond and gold.  Some argue gold has been rallying as a hedge against inflation or inversely with the dollar.   Don’t think so and not yet on the inflation hedge. Gold is moody … Continue reading

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What’s Behind the Gold Rally?

Short covering in the bond market. Don’t believe it?  Check out the chart below. Gold is up 7.7 percent since the December 15 low the same day the 10-year Treasury yield peaked at 2.60 percent. Why are Treasuries rallying?   … Continue reading

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COTD: Big Oil

Our chart of the day (COTD) comes to from the Visual Capitalist.     First, some context from their website, The Chart of the Week is a weekly Visual Capitalist feature on Fridays. Ever since the invention of the internal … Continue reading

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China Pushing Back, Gold Spikes $10

As we said a few days ago in our post,  Is Gold Finished, to get a new bull market jump started…a bull market sparked by geopolitical risks, which could increase markedly, in a scenario where, say,  the new President-elect tries … Continue reading

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Watch Those Gold Miners (GDX)

The gold miners index (GDX) gapped down another 4 1/2 percent today even after yesterday’s 5 percent down day.  Gold, the Feb futures contract, closed down about another $15 lower from the 5 pm electronic futures market close in New … Continue reading

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Is Gold Finished?

Big drop in gold today after the FOMC announcement.   Let’s go to the charts. The yellow metal is approaching a 5-year low at around $1,050 (actually $1,046.25), which it hit right around this time last year.   Tough to see a … Continue reading

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Gold becomes a tough sell – FT

James Mackintosh on the 5% plunge in the gold price Gold has become a tough sell. Investment editor James Mackintosh says perhaps those buying gold should be hoping China recovers its appetite for heavy industry and starts sucking in commodities … Continue reading

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Emerging markets’ reserves fall – FT

Probably contributing to weakness in the gold price, no? Josh de la Mare provides Wednesday’s top stories from around the world, with reserves in emerging markets falling for the first time in two decades, General Buhari winning in Nigeria’s historic … Continue reading

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Gold Breaking Down

Gold is down about $16 today and is below some key support.   The set-up is bearish and a little follow through here could lead to another 5-10 percent of downside. Gold should have rocked on QE3 and hasn’t.   In fact, … Continue reading

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