Consolidation and Liquidation

Lynn On August 20, 2013 / General Market

Consolidation and Liquidation After an impressive two week run up, gold and silver are now consolidating as they wait to digest tomorrow’s FOMC minutes. At the tail end of last week, gold was able to break through $1,350 resistance. Stops were triggered and it made its way

T.S.A. Expands Duties Beyond Airport Security

Lynn On August 7, 2013 / General Market, Gold, Silver

T.S.A. Expands Duties Beyond Airport Security By: Ron Nixon, New York Times As hundreds of commuters emerged from Amtrak and commuter trains at Union Station on a recent morning, an armed squad of men and women dressed in bulletproof vests made their way through the crowds. The

Selling Pressure

Lynn On August 6, 2013 / Daily Market Watch, General Market, Gold, Silver

Selling Pressure With stops being triggered overnight at the psychological figure of $1,300, gold led the precious metals complex lower. After failing ahead of key resistance at the end of July around $1,350 (the 23.6% Fibonacci retracement level of the all time high made in Sep 2011

The Market Today

Lynn On July 24, 2013 / Daily Market Watch, General Market, Gold, Silver

The Precious Metals Market Today Regarding the precious metals market today: Following Monday’s big rally, Tuesday gave us a quiet morning as the market digested the gains and drifted lower. After a few probes lower, gold found very good buying interest and took silver along for the

Gold Price Falls Fuel ‘Record’ Bullion Sales

Lynn On July 3, 2013 / Daily Market Watch, General Market, Gold, Silver

Gold price falls fuel ‘record’ bullion sales. BullionByPost (an internet retailer in the UK) said its sales hit $132,796,800 in the year to April, presenting a rise of 58 percent on the previous year. Pre-tax profits are expected to be in the region of $3,052,800, up from

The Impending Storm this Summer

Lynn On June 24, 2013 / General Market, Gold, Silver

The Impending Storm This Summer By: Chris Martenson Global financial markets are now in a very perilous state, and there is a much higher than normal chance of a crash. Bernanke’s recent statement revealed just how large a role speculation had played in the prices of nearly

In the Wake of the Fed

Lynn On June 21, 2013 / Daily Market Watch, General Market, Gold, Silver

In the Wake of the Fed What a move… in the wake of Wednesday’s FOMC meeting, risk assets across the board have sold off in a dramatic fashion. During Federal Chairman Ben Bernanke’s testimony, he stated that should economic indicators continue to improve, the Fed would be

Gold Tumbles to 2½-year Low in Fed Bloodbath

Lynn On June 20, 2013 / Daily Market Watch, General Market, Gold, Silver

Gold Tumbles to 2 1/2-year low in Fed bloodbath. By: William L. Watts and Barbara Kollmeyer, MarketWatch NEW YORK (MarketWatch) — Gold and silver futures closed at their lowest levels in more than 2 ½ years Thursday, a day after Federal Reserve Chairman Ben Bernanke said

Are You Bullish?

Lynn On June 6, 2013 / General Market, Gold, Silver

Are you bullish? “On a medium-to-long-term basis we (Citi) remain very bullish on Gold, As can be seen from the chart, gold has never stayed below that “stairway to hell” for very long. Given that the debt limit number is going to continue higher, a re-emergence of Gold

Bear Market….Reality Check

Lynn On June 3, 2013 / General Market, Gold, Silver

Bear Market….Reality Check Whistleblower Andrew Maguire told King World News that massive global physical demand reveals that gold is in fact in a full-fledged bull market and that the gold bear market theory is simply not valid. Do you believe it? Here is a quick review of his “reality

Yearly archive for 2013