Gold hit $1805 tonight in trading, a Fibonacci Fractal figure I gave out a few weeks ago as a possible top. We are close to a near term high in Gold and Investors should be trimming back positions on this run. Back as recently as $1600 an ounce I forecasted a run to $1805 for Gold using fractal and wave analysis and behavioral patterns, now that we...

Tim Iacono A new Gallup survey shows that consumer confidence has plunged to its lowest level since March of 2009. Apparently, the U.S. credit downgrade that followed a messy debt ceiling debate, both of which led to a plunging stock market all contributed to the souring mood. On a related (and equally dismal) note, Rasmussen reported that nearly...

From Brian Rogers of Fator Securities Macro Commentary: The “Our Capital Levels Are Adequate” Dance “Our capital levels are adequate.”  Perhaps it’s just me but It seems like every time the market sells off more than 10%, we end up hearing that phrase a lot.  Hmm, perhaps it has something to do with the huge amount of leverage still sitting...

by Tyler Durden There are those who say the upcoming short selling ban in all stocks in Italy and France, which according to CNBC will take place as soon as after the close today, or in one hour, will be beneficial to stocks. Then there are facts. To those who may have forgotten, on September 18, the SEC banned the shorting of all financials here in...

Tim Iacono Not yet even a third of the way through, August is already the most volatile month for stocks in over a year, now on track to have the most big daily point swings since late-2008 when, for a couple of months, 200+ point moves were the rule, not the exception. The period of  last August until two months ago – when QE2 was either anticipated...

Courtesy of Mish Today we saw yet another wild reversal in the markets led this time not by the US or Asia-Pacific but by Europe. When I went to bed this morning around 3:00 AM central, European futures were solidly in the green. This is what European markets look like now. European Stock Markets Carnage Everywhere There is carnage everywhere and...

Fallond Stock Picks After Tuesday’s gains I would have looked for a slow-mo walk down to the days’ lows as the next step for the markets. Instead, markets took the fast track down and erased nearly all of yesterday’s Ben move, and in the case of the Dow, even more. The only consolation was the lighter volume selling – but this...

By: Scott Redler of T3Live With the market dropping fast and fear rampant over the past couple weeks, gold has continued to be a safe haven, making new all-time highs. Central banks, especially China, who are losing confidence in global currencies, especially the dollar, are buying gold aggressively for safe-keeping. While it’s tough to be a buyer...

Tim Iacono It would appear that the magic elixir of a two-year pledge for freakishly low interest rates from the Federal Reserve has an effective life of only about 18 hours since, after yesterday’s remarkable 400+ point move higher for the Dow Jones Industrial Average, that gain has been reversed in trading today, markets effectively telling Ben...

Is QE3 Back From the Dead?When I went to bed late last night, the (SPX) was trading down 30 points, and I was thinking “here we go again”. When I woke up, the market was up 30 points, and I had to blink hard. The overnight range was an unprecedented 60 points, or 560 Dow points. From the July high to the Asian low, the (SPX) has fallen 23% in...

Brought to you by T3Live.com SPY opened positive and stayed positive until the Fed announcement. It initially popped just before the announcement, and then fell sharply to break lows of the day. But this time around, dip buyers stepped in aggressively and the market staged a historic rally, with the SPY rallying 7 points in the last 80 minutes of trading....

Mr Ratigan is a complete stud. We could only hope the low life members of congress had this much passion. You Go Dylan!!! Visit msnbc.com for breaking news, world news, and news about the economy

By Jeff Clark, Editor BIG GOLD, Casey Research I was recently asked in an interview if I thought gold was going to $5,000 an ounce. “No,” I said bluntly. “I think it’s going higher.” “You’re that optimistic?” “No,” I replied. “I’m that pessimistic.” Imagine the condition of our world if gold reached $5,000 an ounce – and...

by Tyler Durden Market reponse in one chart. We expect about 10 more kneejerk reactions imminently before the market realizes this is not good.

By Eric McWhinnie The carnage seen across the Dow (NYSE:DIA), S&P 500 (NYSE:SPY), and Nasdaq (NASDAQ:QQQQ) is causing a great amount of uncertainty and fear in the markets.  The VIX (NYSE:VXX), another wise known as the fear index, surged 45% on Monday.  The fear index closed at 48, which is the highest level its reached since May 2010.  Although...