by Tyler Durden Over the weekend, University of Texas made headlines after disclosing it was the first major institution to take delivery of $1 billion in gold, although still keeping it in the Comex system. Today, the CEO of the management company Bruce Zimmerman was on Strategy Session providing the rationale for his action to David Faber. First...

Jesse’s Cafe’ Americain In short, the answer is yes.  That seems to be the case to some degree. The reasons for this are roughly as follow. From past analysis, the mining sector seems to be roughly correlated 50 percent to the underlying metal, and 50 percent to the SP 500. Obviously this varies over time because of related factors, lags...

Gold Scents For many months now I’ve been warning we were going to have a dollar crisis and that dollar crisis would drive the final leg up in gold’s ongoing two year C-wave advance. We are now on the verge of the panic selling stage of this three year cycle. On Monday the dollar briefly rallied on the S&P downgrade of US debt...

Calculated Risk Moody’s reported today that the Moody’s/REAL All Property Type Aggregate Index declined 3.3% in February. Note: Moody’s CRE price index is a repeat sales index like Case-Shiller – but there are far fewer commercial sales and there are a large percentage of distressed sales – and that can impact prices and make...

By: Scott Redler of T3Live Back in December when I gave my targets for the S&P of 1410-1430 I wasn’t sure how it would develop. I always like to go over past and present patterns of the S&P. I talked yesterday how I see the advance signs of a Inverted Head and Shoulders Pattern that could take us to my target of 1410-1430. We’ve been...

by Tyler Durden Larry Yun, whose NAR has now lost all credibility, and which data has been confirmed to be flawed and conflicted, released March existing home sales, which allegedly came at an annualized rate of 5.1 million compared to expectations of 5 million. From the release: “Existing-home sales, which are completed transactions that...

by Karl Denninger Just stated on CNBC. I have no way to judge that, but if it comes it is both good and bad. The good: It’s about a third of what has to happen, and as a step function it would apply major cooling to the “Chinese miracle” inflation machine.  They need to do that too, which makes the rumor plausible.  Coming on a...

By: John Darsie of T3Live The market had a constructive day Tuesday, edging cautiously higher after yesterday’s near debacle sparked by S&P’s warnings about a possible future downgrade of US debt. The ratings agency revised outlook on US sovereign debt from stable to negative while keeping its AAA rating intact, and Moody’s, for...

The dollar had a strong day yesterday, but did it hold true for today’s position? What is the next target zone for crude oil? These are just a few questions I address in today’s market update. Also, don’t be afraid of our “Parabolic Studies” tool. It can help you better understand the trend lines. Take a Risk FREE trial of MarketClub –...

Submitted by Chris Martenson H/T Zero Hedge The Breakdown Draws Near Things are certainly speeding up, and it is my conclusion that we are not more than a year away from the next major financial and economic disruption. Alas, predictions are tricky, especially about the future (credit: Yogi Berra), but here’s why I am convinced that the next...

From the desk of John Thomas The Mad Hedge Fund Trader Tuesday, April 19, 2010 Macro Millionaire Portfolio Blasts to new All Time High. Followers of the Mad Hedge fund Trader’s Macro Millionaire model portfolio hit an all-time high on Friday, reaching a five month return of 25.35%. That compares to a...

Gold Scents Stocks: On Friday stocks formed the swing we were looking for to mark the half cycle low. The bottom came on day 5 of the move out of the coil (usually a coil will reverse in 3-5 days). So if the pattern plays out like it normally does we should see the stock market move to new highs. Now for those of you that are playing the Bollinger...

By Jordan Roy-Byrne, CMT Gold looks fantastic. It is breaking away from a consolidation which could be called a running correction. Two weeks ago Gold broke to a new high. Last week Gold retested the breakout and then advanced to another new high at the end of the week. Its textbook bullish action. Yet the gold shares have really struggled. Last...

by Tyler Durden A quick look at today’s just released total debt to the penny from the Treasury may crimp the artificial smile of even such die hard administration sycophants as Moodys. Why: because the total debt, as we predicted when we observed last week’s 30 Year auction, is now at $14,305,336,580,992.11. This is a problem because...

In overnight and pre-market trading the US Dollar posted a strong rally which in turn caused a sharp selloff in the equities market. The market is currently down 1.6 – 2.3% depending on the index traders are following. Here is what I see on the charts going forward a few days. Dollar Index – 4 Hour Chart The Dollar is trading at a resistance level...