The Truth Behind ...
Follow
787 views | +0 today
Your new post is loading...
Your new post is loading...
Scooped by Tom Luongo
Scoop.it!

Gold Follows Silver For Once | stockpricetoday.com

Gold Follows Silver For Once | stockpricetoday.com | The Truth Behind the Headlines | Scoop.it

Normally when a new bullish wave within the precious metals bull market begins it is Gold (AMEX:GLD) that leads the charge. Silver’s (AMEX:SLV) industrial characteristics usually allow it to lag behind, languishing along with the mediocre equities and other secondary commodities while Gold and oil (AMEX:USO) take center stage. Then, when Gold is finally too expensive does money rotate into Silver, a much thinner and more volatile market, and it explodes to the upside, destroying over-confident short-side operators and making short-lived millionaires of the few crazy enough to play its game.


But, sometimes, what a game it is!

more...
No comment yet.
Scooped by Tom Luongo
Scoop.it!

Gold Rises with Equities, Bonds Continue Swoon | stockpricetoday.com

Gold Rises with Equities, Bonds Continue Swoon | stockpricetoday.com | The Truth Behind the Headlines | Scoop.it

Why gold (AMEX:GLD) is trading as a risk asset with equities and not a risk-averse asset is odd to me, but that is the situation. Gold is rising with bond yields along with equities. Now the last time I checked the gold bears were still of the opinion that once bond yields started to rise gold would be pulled down to somewhere south of $1200 per ounce. Well, since the U.S. treasury market topped on July 23rd, yields on the 10 year U.S. Treasury note (AMEX:UST) has risen from 1.382% to 1.845%, a 33.5% rise in yield.

more...
No comment yet.
Scooped by Tom Luongo
Scoop.it!

CME to Raise Oil Margins and Re-Elect Obama | stockpricetoday.com

CME to Raise Oil Margins and Re-Elect Obama | stockpricetoday.com | The Truth Behind the Headlines | Scoop.it
Hat tip to Zerohedge who noted that the CME (NYSE:CME) Group is raising margins on oil futures contracts 3.7% now that Brent Crude is solidly back above $110...
more...
No comment yet.
Scooped by Tom Luongo
Scoop.it!

Obama’s Quest For Re-Election Points to SPR Release | stockpricetoday.com

Obama’s Quest For Re-Election Points to SPR Release | stockpricetoday.com | The Truth Behind the Headlines | Scoop.it

With Brent Crude (AMEX:BNO) having risen back to $114 per barrel and West Texas Intermediate Crude (AMEX:USO) back over $96 per barrel, the Obama administration is looking to put fear into the oil futures markets with another threat of a release from the Strategic Petroleum Reserve to temporarily dampen prices. The problem, of course, is that oil prices are rising due to a number of factors, all of which Mr. Obama had a great deal of either direct control over or his actions created unintended consequences (for him, of course). Off the top of my head they are

more...
No comment yet.
Scooped by Tom Luongo
Scoop.it!

U.S. Treasury Rout Continues, Commodity Prices Accelerate | stockpricetoday.com

U.S. Treasury Rout Continues, Commodity Prices Accelerate | stockpricetoday.com | The Truth Behind the Headlines | Scoop.it

The rout in U.S. Treasuries is becoming biblical. 30 Year Bond futures dropped 1.5 points, crashing through horizontal support at 147 and 146.5 to close Wednesday afternoon’s trading at 146.01. The yield climbed to 2.91%. 10 Year Treasury yields rose to 1.80%, up 0.071%. This sell-off in Treasuries is particularly worrisome because there has not been a commensurate rise in equities. The S&P 500 (AMEX:SPY) rose just 1.60 to close at 1405.53 (0.11%). If the money is rotating out of U.S. Bonds and Securities and not flowing into U.S. equities, where is it going?


more...
No comment yet.
Scooped by Tom Luongo
Scoop.it!

Iran Increases Use of Barter for Oil wiwth South Korea

Iran Increases Use of Barter for Oil wiwth South Korea | The Truth Behind the Headlines | Scoop.it
South Korea represents the potential limits of Western pressure on Iranian exports. A form of barter set up by Iran provides an incentive to keep—or in the case of Seoul, to resume—its crude purchases.

 

The issue not discussed here is that Iran is having to ship the oil to its customers as opposed to the other way around.  To get S. Korea to buy again, skirting the insurance issue, this is what they have to do. 

 

The attack on both HSBC and Standard Chartered Bank by u.S. regulators is part of this grand plan to isolate iran.  the more the U.S. spends on this folly the quicker we will reach our terminal moment.  Singaporean importers are buying Iranian Fuel Oil again as well. 

 

Let's see it there's an 'incident' of piracy' in the next few weeks. 

more...
No comment yet.