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by Phoenix Capital Research
The stock market is completely and totally out of control.
Eight of the last ten closes have been new record highs. It’s now been six months since we had a 5% correction. Traders got us to 1,650 on the S&P 500.
At this point, no long term investor in their right mind should be buying. This is especially true given that the S&P 500 is now not only totally disconnected [...] London Gold Market Report from Ben Traynor, BullionVault Friday 10 May 2013, 07:30 EDT
Gold “Could Retest $1322 Low”, G7 Meeting “A Chance to Consider More Monetary Activism”
SPOT MARKET gold bullion prices fell to two-week lows Friday, drifting lower towards $1440 an ounce during this morning’s London session before dropping sharply through that level, as stocks gained and most commodities fell as the Dollar strengthened against major currencies.
Silver fell to $23.34 an ounce, while copper [...] London Gold Market Report from Ben Traynor, BullionVault Tuesday 23 April 2013, 07:45 EST
“Gold Rush” in China “Biggest in Half a Century” But ETFs Still Liquidating
WHOLESALE gold bullion prices rallied back above $1420 an ounce Tuesday morning in London, having earlier dipped back towards where they started the week following yesterday’s 2% jump amid what one Hong Kong dealer suggested was the biggest rush to buy gold in half a century.
Silver meantime climbed back [...] After two-decade downturn, Bank of Japan unleashes world’s biggest stimulus – $1.4 trillion!
(Reuters) – The Bank of Japan unleashed the world’s most intense burst of monetary stimulus on Thursday, promising to inject about $1.4 trillion into the economy in less than two years, a radical gamble that sent the yen reeling and bond yields to record lows. … Bank of England keeps policy steady despite new remit
Here’s A Bunch Of Ugly Numbers Out Of [...] London Gold Market Report from Ben Traynor, BullionVault Tuesday 26 March 2013, 08:30 EST
Stronger Economy “Means Investors Lack Reason to Add to Gold Holdings”, Cyprus Means Markets “Will Now Be Wary of European Depositor Flight”
U.S. DOLLAR prices to buy gold dipped back below $1600 per ounce Tuesday morning in London, though it remained above yesterday’s low hit following news of the Cyprus bailout, while stocks and commodities were broadly flat and US Treasury bonds dipped.
“We [...] gata.org Dear Friend of GATA and Gold: Your secretary/treasurer is scheduled to be interviewed on by Bernie Lo on the “Squawk Box Asia” program on CNBC Asia at about 7:40 Thursday morning Hong Kong time. If circumstances allow your secretary/treasurer will try to rebut the enduring cliche about gold, articulated again all over the Internet this week by market analyst and investment adviser Przemyslaw Radomski – http://news.goldseek.com/GoldSeek/1363021883.php http://www.kitco.com/ind/Radomski/20130311.html http://m.resourceinvestor.com/2013/03/11/gold-still-appears-to-be-the-ul… http://www.gold-eagle.com/editorials_12/radomski031113.html – that “central bankers can print all [...] London Gold Market Report from Ben Traynor BullionVault Tuesday 26 February 2013, 07:00 EST
“Inconclusive” Italian Election Result “Could Spark Higher Gold Demand” with Italy “Moving Closer to Populism”
U.S. DOLLAR prices for buying gold rose briefly above $1600 per ounce Tuesday morning before falling back, while silver failed to hold above $29 an ounce and stock markets fell following the inconclusive Italian election result.
Italian markets were especially affected, with stocks and government bonds seeing sell-offs, while on [...] London Gold Market Report from Ben Traynor BullionVault Monday 28 January 2013, 07:00 EST
Safe Havens Assets “Under Pressure” as Gold, Silver Fall While Stock Markets Hit 5-Year Highs
THE U.S. DOLLAR gold price extended its losses from last week Monday, dipping to a near-three-week low below $1655 per ounce during London’s morning trading, as stock markets ticked higher, with the FTSE 100 hitting its highest level since May 2008.
The S&P 500 meantime climbed above 1500 last [...] London Gold Market Report from Adrian Ash BullionVault Fri 25 Jan, 07:45 EST
Gold Looking “Sloppy” Short term, But Pullback “Attractive” as Chinese Buyers Take World #1 Spot
The GOLD PRICE slipped back to last night’s near-two week lows at $1665 per ounce Friday lunchtime in London, heading for a 1.1% drop on the week as world stock markets and other “risk assets” rose. Silver also ticked lower to trade 2.7% beneath Wednesday’s 5-week highs. Germany’s Ifo [...] from KingWorldNews: On the heels of Germany looking to repatriate their gold, today King World News spoke with top UBS analyst Peter Lee about his rather frightening forecasts for the US dollar and equities. Interestingly, his call for the dollar to plunge comes right after Germany expressed that it wants its gold out of the Fed and back inside German vaults. If Lee is right in his outlook, this will have massive [...] London Gold Market Report from Ben Traynor BullionVault Friday 28 December 2012, 06:30 EST
“Gold Market Overhang” Poses Risk of Another Price Fall, Fiscal Cliff “Will See Minimal Last Minute Deal”
THE SPOT MARKET gold price fell back to $1660 an ounce Friday morning, close to where it started the week, as stock markets also edged lower, ahead of talks in Washington aimed at avoiding the $600 billion “fiscal cliff” of spending cuts and tax rises [...]  Classic Santelli: “We can’t afford our bills any more… $100 Trillion dollars of unfunded liability… The FED doesn’t have a clue.” from CNBC:
JOHN TAYLOR: 2013 Will Start With Markets Up, And Then There Will Be Trouble Dec. 27 (Bloomberg) — After four decades in the foreign- exchange business, John Taylor says a further depreciation of the yen versus the U.S. dollar is one of the surest bets he sees going into the new [...] London Gold Market Report from Ben Traynor BullionVault Wednesday 28 November 2012, 08:00 EST
Gold Falls to One-Week Low, Democrats “Showing Cockiness” Over Fiscal Cliff
THE DOLLAR gold price fell to a one-week low below $1735 per ounce Wednesday, as stocks and commodities also edged lower while the Dollar and US Treasuries gained despite ongoing uncertainty over how the US will address its deficit problems.
Silver fell to $33.73 an ounce, also a one-week low.
“We are bullish silver, [...] London Gold Market Report from Ben Traynor BullionVault Wednesday 14 November 2012, 07:45 EST
Gold “Consolidating Last Week’s Move”, Obama “Will Need to Tax Wealthy”, UK Economy Faces “Sluggish” Growth and Higher Inflation
U.S. DOLLAR gold prices drifted lower to $1722 an ounce this morning in London, slightly down from last week’s close, while stock markets also fell along with US Treasury bonds as US policymakers continue to discuss how to deal with the so-called fiscal [...] The markets are going to go into meltdown soon so expect stocks to lose 20 percent of their value, Marc Faber, author of the Gloom, Boom and Doom report told CNBC on Tuesday. “I don’t think markets are going down because of Greece, I don’t think markets are going down because of the “fiscal cliff” – because there won’t be a “fiscal cliff,” Faber told CNBC’s “Squawk Box.” “The market is going down because [...] An important shift is developing in Saudi Arabian currency derivatives markets as Iran becomes engulfed in populist protests amid hyperinflationary pressures and armed conflict breaks out between Turkey and Syria, heightening concerns about tensions in the Middle East. The 12-month forward rate on the Saudi Arabian riyal – or the difference between how many riyals traders think a dollar will be able to buy a year from now versus how many [...] John Detrixhe The Dollar Index fell by the most since the first quarter of 2011 after the European Central Bank pledged to protect the euro from unraveling and the Federal Reserve committed to reduce unemployment via open-ended debt buying, which may debase the U.S. currency. Since July 26, when ECB President Mario Draghi said he would do “whatever it takes” to save the euro, the 17-nation currency rose versus 15 [...] London Gold Market Report from Ben Traynor BullionVault Wednesday 12 September 2012, 07:30 EDT
“Desperate” Central Banks “Should Benefit Gold”, German Court Backs Bailout Fund
THE SPOT MARKET gold price touched a new six-month high at $1746 an ounce Wednesday morning, while stocks and the Euro also rallied following a ruling by Germany’s Constitutional Court cleared the way for the creation of a permanent Eurozone bailout fund.
“The price action remains bullish with support at $1700 and an [...] London Gold Market Report from Ben Traynor BullionVault Friday 7 September 2012, 07:30 EDT
Gold “A Bit Overcooked” Ahead of US Nonfarms Data, “Bazooka” from ECB “Is Just a Can Kick Down the Road”
SPOT MARKET prices for buying gold rose to $1698 an ounce Friday morning, in line with where they started the week, while stock markets also rose, following yesterday’s announcement of the European Central Bank’s bond market intervention plan.
US Treasuries fell, while commodities were [...] London Gold Market Report from Ben Traynor BullionVault Wednesday 29 August 2012, 06:45 EDT
Bernanke Disappointment “Could See Gold Correct”, ECB “May Need to Take Exceptional Measures” says Draghi
WHOLESALE gold prices dipped below $1665 an ounce during Wednesday morning’s London trading, slightly below where they started the week, while stock markets also edged lower, with markets focused on upcoming meetings of central bankers in the US and Europe.
Silver prices fell to $30.76 an ounce – in [...] London Gold Market Report from Ben Traynor BullionVault Tuesday 28 August 2012, 07:15 EDT
Fed Easing Discussion “Will Push Gold Higher”, But Euro Problems “Haven’t Disappeared”
SPOT MARKET gold prices traded just above $1660 an ounce during Tuesday morning’s London session, a few Dollars down on last week’s close, while stocks and commodities were also broadly flat on the day and US Treasuries gained.
Silver prices rallied to nearly $31 per ounce, having fallen back through that level [...] KWN On the heels of continued strength in the US dollar, many are wondering what to expect going forward in both the currency and gold markets. So today King World News interviewed highly acclaimed trader, Dan Norcini, to get his take on the situation. Norcini told KWN, “Technically, on the US dollar chart, there isn’t much overhead resistance once the dollar clears 84.” Norcini also noted, “… just as the grains have defied the macro-trend, [...] You can only stretch a rubber band so far before it snaps back or is torn, so too is the case with government indebtedness. There eventually comes a point when the road ends and the can hits a brick wall. It appears that Japan is rapidly approaching that brick wall and there are two likely outcomes. One option is that the bond vigilantes revolt and yields on Japanese debt spike [...] By Craig Stephen HONG KONG (MarketWatch) — As the mainland Chinese economy showed more signs of spluttering last week, it’s getting harder to hear the bullish argument that we are witnessing a benign slowdown engineered by authorities. While various economists have trimmed fractions of a decimal point off their China GDP forecasts, this hardly tallies with the performance of a widening range of assets feeling the draft as the [...] The question puzzling currency markets is why the EUR is so strong. While we have argued that during the risk-off period of the last month or so post-LTRO2 (before Tuesday) EURUSD strength appeared to be driven by repatriation flows and balance sheet reduction, new information over the last couple of weeks driving the expectation that growth will be weak enough in the US to keep US policy very stimulative for a nice [...] |
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