Over the first two pages today we are going to make an attempt to paint a couple of pictures with regard to our view on the way the markets are grinding through a variety of trends. Below is a comparison from 2001 into 2003 between the CRB Index and the U.S. Dollar Index futures. Next [...]

Once every year gold and stocks form a major yearly cycle low. Commodities form a major cycle bottom every 2 1/2 to 3 years. Every once in a while all three of those major cycles hit at the same time. I’m pretty sure that’s what is happening right now. The implications are that once the [...]

Demand for gold was relatively resilient in the first quarter of 2012, with global demand falling 5 percent on a year-over-year basis, says the World Gold Council. Marcus Grubb, managing director of investment, calls this slight quarter decline in demand “noise in the context of 22 percent rise” in the price of gold compared to [...]

We are going to start off today with an issue related in some ways to ‘time’. Specifically… how long is it going to take for the current trend to come to some kind of conclusion. The trend that we are referring to relates to weakness in commodity prices in general and energy prices in particular. [...]

  Around the year 1650 A.D. the word highwaymen entered our language.  It referred to robbery committed on a public road against travelers.  Now we use the phrase “highway robbery” for which we pay the tolls to travel on modern day roads.  The highwaymen alas are among us and we have elected them.  At such [...]