By EconMatters
Gold’s been on a wild ride. After reaching a peak of $1,920 an ounce in September 2011, gold has tumbled 28% to the current ~$1,380 level forcing John Paulson to take a 47% loss in his gold fund during the first four months of this year, according to Bloomberg.
Unlike Paulson who maintained his positions in gold, other …
Tagged as:
Blog,
Copper,
Crude,
EconMatters,
Gold
By EconMatters
Markets & Manipulation: A long History
Most markets these days are manipulated to some extent, and this is nothing new if we look back through the history of financial markets. But there are some strange things happening right now in the oil market worth mentioning.
Brent-WTI Spread/Scam
Another scam in the Oil market is the Brent-WTI spread this …
Tagged as:
Blog,
Crude,
EconMatters,
Oil
By EconMatters
Portfolio Rebalancing for start of 2013
Silver closed Friday`s trading session at $28.46 an ounce, capping off what has been an auspicious start to 2013. On January 23rdSilver was trading at $32 and has been in a downtrend ever since trying to find a support level that will hold.
There is some real minor support at the $28 …
Tagged as:
Blog,
commodities,
EconMatters,
Silver
By EconMatters
Near-term Double Top
Natural Gas closed Friday at $3.35 per mmBtu and has been on a three month downtrend from the $4 level where it put in a near-term double top in October and November of 2012.
This was your classic short setup, as NG bottomed in March of 2012 from the prolonged downtrend to test just …
Tagged as:
asset comparison,
asset prices,
Blog,
coal,
commodities,
EconMatters,
Markets,
natgas,
natural gas,
oilfield
By EconMatters
Dow Record in sight
We are 200 points from breaking a new high in the Dow Industrials which got me looking back at assets over the last 25 years in relation to the value of the US Dollar Index and the overall money supply.
25 years in Markets
Some of the best performing assets are the stock market …
Tagged as:
asset comparison,
asset prices,
Blog,
Bonds,
breakout,
commodities,
EconMatters,
financial industry,
Markets,
Stocks,
The Dow Industrials,
the money supply
By EconMatters
Pullbacks…pullbacks….are we talking about Pullbacks?
That`s all I heard for two straight months, “Gee everyone is waiting for a pullback to get in on the rally”. Well you asked for it, now you got it! But you better not be too picky about waiting for some exact perfect 7% correction because that probably ain`t happening.
We are in …
Tagged as:
banks,
Blog,
EconMatters,
financial industry,
investing,
Markets,
pullback,
returns,
Sell in May,
US Downgrade,
Wall Street
By EconMatters
A Rough Start for 2013
Well Gold hasn`t had a particularly good start to the year, in fact, a good pairs trade would be going long the S&P 500 and short the Gold market for a nice 12% return in two months. But many Gold Investors are not yet ready to throw in the towel for 2013, …
Tagged as:
analysts,
asset comparison,
asset prices,
asset trade,
Blog,
Buying opportunity,
Central Banks,
commodities,
EconMatters,
Gold,
support,
technicals
By EconMatters
An Auction with Fake Buyers, that will end well!
The reason why is when you have the Federal government in the form of the Federal Reserve injecting 85 Billion worth of artificial capital, i.e., capital that wasn`t earned, or created through increased sales, revenues or increased productivity gains.
The problem is that this ‘artificial capital’ is not …
Tagged as:
asset prices,
Blog,
bubble,
deflation,
EconMatters,
inflation,
Monetary Policy,
ponzi scheme,
retirement planning,
the fed
By EconMatters
Down trending Market
The Wheat market is definitely in a downtrend right now, and if we look at the 6 month chart we stand at $7.42 a bushel as of the close of last week. If we break $7.20 a bushel, then there are going to be a lot of sell stops positioned to sell Wheat lower to …
Tagged as:
Blog,
commodities,
EconMatters,
Markets,
price-action trading,
traders,
trends,
wheat
By EconMatters
Trading: State of the Union
I was visiting a large Oil trading floor last year, and they were having their big state of the union town hall on the floor and the CEO of the group that trading and marketing rolled up into talked about the dying volatility in general saying that they could hold on for a …
Tagged as:
analysts,
Blog,
EconMatters,
financial industry,
job cuts,
JOBS,
the fed,
traders
…
