Jan 7th, 2009 |
By Ed Bugos |
Category: Featured, Gold, Macro Economics, Oil
Responding to growing concern about the quality of the Federal Reserve System’s assets, former Federal Reserve Governor Lyle Gramley told reporters last week that “You have to reckon with the fact that one of the Fed’s assets is gold certificates, which are priced, as I remember, at US$42 an ounce, ...
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Tags: deflation, Gold, Oil, reinflation
Posted in Featured, Gold, Macro Economics, Oil |
4 comments
Dec 18th, 2008 |
By Ed Bugos |
Category: Featured, Gold, Macro Economics
Gold bulls are going to attempt to raid Comex’s vaults by forcing delivery on their December futures contracts (tomorrow, Dec. 19). Who can tell how that will go? I can’t. But it’ll be interesting to watch.
Facts: The open interest in futures contracts on the Comex has fallen to its lowest ...
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Tags: bear market, bull market, ETF, Gold
Posted in Featured, Gold, Macro Economics |
2 comments
Dec 17th, 2008 |
By Ed Bugos |
Category: Featured, Gold, Macro Economics
The late November rally in gold prices wasn’t quite as spectacular as mid-September’s gain, but it was still impressive. There was good follow-through too, though the momentum softened as bulls knocked on resistance near $850.
The rally was a no-brainer. There is a strong line of support at $700, which was ...
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Tags: deflation, Gold, inflation
Posted in Featured, Gold, Macro Economics |
6 comments
Oct 28th, 2008 |
By Ed Bugos |
Category: Commodities, Economics, Macro Economics
There are only two things gold bulls should worry about from this point forward, now that the general commodity correction is out of the way and the froth has been worked out of the market: deflation in the strict sense of the term (monetary, not asset deflation) or a suddenly ...
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Tags: Banks are not Lending, Change in Monetary Policy, Ed Bugos, Fed Inflating the Banks, General Commodity correction, Lending Strikes
Posted in Commodities, Economics, Macro Economics |
No Comments »
Oct 14th, 2008 |
By Ed Bugos |
Category: Currencies, Economics, Gold
The title of this alert just means the value of something is what the market says it is. It does not mean that value won’t change tomorrow, and it does not mean that if the direction of the market changes tomorrow, it was wrong about today.
If the market says that ...
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Tags: deflation and the gold market, deflation as Fed Policy, Fed's money supply, stock market charts, US dollar
Posted in Currencies, Economics, Gold |
No Comments »
Sep 24th, 2008 |
By Ed Bugos |
Category: Gold
There are an unusually large number of bears roaming our neighborhood this fall, and I am not talking about stocks or commodities.
I know of two actual bear attacks since July — I guess that is not all that surprising in the Pacific Northwest. Just last week, my neighbor surprised one ...
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Tags: dips and corrections, gold bear market
Posted in Gold |
No Comments »
Sep 2nd, 2008 |
By Ed Bugos |
Category: Commodities, Gold
The charts are playing tricks. A bear trap in April stopped short of turning into an all-out bearish failure with a bull trap in July.
In English, please? The bulls got suckered.
Gold prices fell through their $850 May low now, which means that I was wrong to think that the market ...
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Tags: Amex Gold Bugs Index, bull market in gold, gold market, gold stocks
Posted in Commodities, Gold |
1 Comment »
Aug 13th, 2008 |
By Ed Bugos |
Category: Gold, Oil
This deal is a must-own for your portfolio…
But before I tell you what it is, I want to give you a sense of how big this really is: It’s exactly like being there for the birth of the offshore oil and gas industry.
This industry, born of the 1970s energy crisis, ...
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Tags: deep-sea mining, Lihr Gold, offshore drilling, oil industry
Posted in Gold, Oil |
No Comments »
Jul 29th, 2008 |
By Ed Bugos |
Category: Gold
Last week we saw a bounce in the stock market that threatened to send the price of gold down to the $920 mark. After a lightening advance celebrating the approval of the quasi-nationalization of America's too-big-to-fail mortgage providers, the market caved on reports of continued stress in the homebuilders.
The Dow ...
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Tags: gold correction, gold market, gold prices, price of gold
Posted in Gold |
No Comments »
Jun 18th, 2008 |
By Ed Bugos |
Category: Commodities, Currencies, Macro Economics
Last week, amid a stream of bearish economic news, the chairman of the Federal Reserve, Ben Bernanke, asserted his priority on price stability and uttered the word “dollar,” as if turning a new leaf.
He did that to get your attention.
Fed chairs rarely ever say that word, for reasons that Greenspan ...
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Tags: ben bernanke, commodity prices, supply and demand, the Fed
Posted in Commodities, Currencies, Macro Economics |
No Comments »
