Posted in Commodities, Daily Comment, Stock Market, Weekly Comment on Jan 16th, 2012
As interest rates trend toward a zero percent yield it seems most traders and analysts are calling the interest rate market a bubble. Some are calling it the greatest bubble in years, and one that is about to burst wide open. That argument does seem logical on the surface. It doesn’t seem to make sense [...]
Posted in Daily Comment, Gold, Weekly Comment on Sep 25th, 2011
The action in world markets last week took many markets down, of course, but especially hard hit was the gold market. I’ve been suggesting that this market has been in a bubble for some time. Bubbles do tend to grow larger than anyone expects, and this one certainly exceeded the expectations of all but those [...]
Posted in Daily Comment, Gold, Weekly Comment on Oct 3rd, 2010
I just returned from another trip to New York City. I like to spend as much time as I can there. I must say if it weren’t for all the negative media on the economy one would have a difficult time finding any sign of recession in New York. Everything seemed to be running at [...]
Posted in Daily Comment, Politics, SPY, Stock Market, Weekly Comment on Apr 3rd, 2010
There still seems to be no stopping this rally. Every attempt at a pullback is met with more buying. It is amazing to watch the intra-day action to see how every move lower seems to be a struggle, with the up impulses appearing effortless. A healthy trend usually is characterized by a frequent reversion to [...]
Posted in Commodities, Gold, Weekly Comment on Nov 25th, 2009
The gold market has been making a powerful move to the upside lately. In fact over the last three weeks it has been up almost every day, with prices now turning nearly vertical with many gaps on the daily and weekly charts. Is this move sustainable? Are the fundamentals or the perception of future fundamentals [...]