Friday, May 4, 2012

S&P 500 Back Below its 50 Day Moving Average

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The S&P 500 continues to act like a market wants to break down much more sharply than it has hitherto done before. Its trip back to the ...
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Commodity Sector Continues to Reel

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Today's pathetic payrolls number brought on more of the risk aversion or "slowing growth" trades with the result that it has n...
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Gold Chart and Comments

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Today's payrolls number was just as rotten, if not more so, than most traders and analysts had been expecting. The numbers coming out of...
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Thursday, May 3, 2012

Mining Shares Continue being Pummeled

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No matter which way you measure it, the mining shares are systematically being destroyed as the HUI just made a new 52 week low in today...
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Draghi Derails Gold

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Apparently ECB President Draghi believes things are going so well over in Euroland that traders are "correct" in their perceptions...
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Wednesday, May 2, 2012

CME issues Clarification on Performance Bond Requirements

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This afternoon, the CME Group issued a clarification on their communique detailing the increase in performance bond requirements for it clea...
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Dodd-Frank Strikes the Commodity Markets

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I will try to write more on this later as I am still working the session but news came out last evening that CME was requiring all member fi...
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Monday, April 30, 2012

One Minute Chart of Gold - 7,501 contracts

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By request of a reader S Roche, I am providing a one minute chart showing the enormity of the trade in gold early this morning (4-30)
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