I first touched on this topic last week:
“So that’s what I’m working with. All three asset classes look overbought to me: bonds, gold and the Euro/CHF, and I suspect that their rallies are related and associated in traders’ minds with recent Fed and Treasury actions.”
Today the dollar is rallying strongly against other currencies and gold, [...]

The markets are experiencing a bit of a thaw today, with the memory of panic several weeks behind us now. The VIX has just broken decisively below 40 for the first time since September. Treasury yields have broken out just a tad from their extreme lows. Oil has jumped back to the mid-40s, copper has [...]

December’s themes have been ‘quantitative easing,’ the ‘bond bubble,’ and the resumption of the dollar crisis. It seems as though reaching the $9 trillion bailout figure and ZIRP (Zero Interest Rate Policy) triggered some more recognition of Bernanke’s plan to destroy the currency. This helped to spur a rally in Euros, Swiss Francs and gold, [...]

The 30-year yield closed at 3.91% today, in a massive compression of the yield curve, a movement that has a lot of room left to run. Way back on August 8th (day 4 of this blog), I wrote the following in “That crazy, crazy bond market: a call for sub-3% long bonds”:
I predict that the [...]

I entered an order to buy GDX (a gold stock ETF) calls on Monday, but didn’t hit the buy button, since no matter the technicals, I’m never very comfortable going against my understanding of the forces at play, even just for a short-term trade. Turns out those contracts would be up by a factor of [...]

Michael Rozeff crunches historical CPI and the gold price in this essay on Lewrockwell.com. Right off the bat, let’s clear the air with this statement, with which I am in complete agreement:
“If the economic world of the dollar is going to end [...]

I have built up a position in DIA Nov. 08 puts on rallies over the past couple of weeks, and with the Dow up 300 at 3:30 today, I couldn’t resist adding a few more than I would ordinarily be comfortable with. I intended to part with the extra contracts maybe tomorrow or the next [...]

A ratio of the gold price to the XAU gold stock index of greater than 4 is traditionally considered a buy signal for gold stocks, with 5 a strong buy. Today the ratio is an unheard-of (to my knowledge) 10.65.
Are gold stocks a screaming buy or could this mean that gold has much further to [...]

Nadler is great to read because he’s in the precious metals industry (Kitco is a bullion dealer), but he isn’t a perma-bull. He takes a non-hysterical approach to the market, and provides insights into internal supply and demand forces.
This is a long interview, published here. Here’s an excerpt:
“…If deflationary pressures really take hold, we may [...]

Almost all of the speculative froth has been blown off the agriculture sector in the past 6 months. The long-term picture for food still looks good, with the world population still growing like mad and Asia in a secular upswing (if cyclical trough). Grains are relatively cheap by historical standards (100 years, not 10!), and [...]