Fed
Fed Official Causes Gold To Spike Higher!
Tuesday, August 30th, 2011An interview this morning with Fed Governor Charles Evans produced a little more than the market expected. While not scheduled to speak in an official capacity, he was giving an interview to CNBC where he was extrememly candid. The interview did not inspire confidence in the economy or the Fed response to inflation, and as [...]
Gold Selling Off…But Is It Over?
Thursday, August 25th, 2011Gold has sold off over $200 the past two days, the most we have seen since 1980 after reaching an all-time nominal high of 1913.25. But is it finished? The chart below shows that we are pulling back toward the daily S2 pivot support, which is essentailly the same place where we started prior to the S&P [...]