by Louis James, Senior Editor, Casey’s International Speculator In the midst of any long-term trend, like the secular bull market for metals we’re in now, there will be trends within the trends. You could think of them as being like eddies, whorls, and side-channels in a great torrent. We see one such developing that could benefit junior gold stock...

By: Marc Sperling of T3Live This market has had almost two weeks of consecutive gains. With the Fed decision this afternoon I wouldn’t be surprised to see a small pullback or some digestion. It is important to remember that pullbacks in bull markets are normal and healthy. After the big run in the S&P with many positions potentially showing...

The Pragmatic Capitalist It’s been a while since I reviewed the “Wall of Worry” indicator (see here for more info) so now is as appropriate a time as ever.  Although the market rally has continued in 2010 we continue to see a great deal of skepticism in markets.  This indicator takes the inverse summation of a broad set of LONG-TERM indicators...

Tim Iacono An important asset bubble dynamic is on display today as, after rumors of interest rate hikes swirled in China last week and inflation came in hot at 5.1 percent on Friday,  timid central bankers have chosen not to hike lending rates and, now, the price of copper has again soared to fresh record highs at over $4.20 per pound. Details can...

by Karl Denninger We’ll see if the market continues to say “oh no you don’t”: First, the TNX this morning.  It’s up – again. And here’s the five year, which has doubled – literally – in yield since the first of November: Of course the other problem is the “forward view” expressed...

The past week has been interesting to say the least. Gold is trying to find support while the SP500 grinds its way higher. Let’s jump into the charts and analysis to get better feel for what I feel is happening here. Gold 4 Hour Chart As you can see from the chart below gold has formed a possible double top. The fact that it made a higher high is...

Courtesy of Mish The Commodity Futures Trading Commission says futures positions in commodities are 17% higher now than when the commodity index peaked in June 2008. The Wall Street Journal picks up the story in Investors Pile Into Commodities Investors are holding their biggest positions on record in the commodities markets as prices surge and...

Channel Guy Trader has some good analysis here.

by Karl Denninger Seriously.  There’s no other possible explanation for this. I have never, in my years of observing politics and being politically active, seen something like that. Obama’s “tax extension” (which is in reality just more pork spending, more allegedly-temporary-cum-permanent deficit-cranking) is in trouble. ...

Submitted by Abigail Doolittle of Peak Research Theories The Weekly Peak – December 10, 2010 – Copy

The Pragmatic Capitalist I don’t discuss long-term investment strategies for various reasons, but I understand that the majority of investors don’t have the time to implement an approach that is similar to mine.  I have, on occasion, made broader long-term prognostications.  For example, in early 2009 it was very popular to proclaim...

In the past few weeks I have made the case that gold might be nearing a correction. I understand that people get defensive regarding gold (no pun intended), but I do not think vulgarities should be expressed towards someone who is pointing out the overbought nature of the daily and weekly charts. It seems any time that I discuss a possible pullback...

Courtesy of Mish Headlines on December 7th trumpet the message Consumer Credit in U.S. Increases for Second Month Credit climbed by $3.38 billion after increasing a revised $1.23 billion in September, the Federal Reserve said today in Washington. Non-revolving loans rose for a third month as federal government education-related lending jumped an...

Courtesy of Joe Weisenthal at Clusterstock It looks like Joe Biden’s sales effort has failed, ast least so far. The news was first tweeted by Ben Smith at POLITICO. The House Democratic Caucus has voted to reject the tax “framework” deal. This doesn’t mean it’s dead, but it’s not a positive development for the President. The question...

by Tyler Durden Remember Europe and that insolvent country which Ron Insana conclusively determined does not matter? It’s back on the scene after Reuters reports that the main Irish opposition Labor party has just announced it will vote against the IMF/EU bailout package. Just what spin Olli Rehn will have to use to calm markets after his latest...