Market Commentary

  • Olympic Calm Before Coming Financial Storm

    August 13 2012 8:28 AM

    Today's AM fix was USD 1,622.25, EUR 1,317.30, and GBP 1,035.33 per ounce. Friday's AM fix was USD 1,608.50, EUR 1,310.92 and GBP 1,030.69 per ounce. Silver is trading at $28.04/oz, €22.81/oz and £17.94/oz. Platinum is trading at $1,405.30/oz, palladium at $580.10/oz and rhodium at $1,060/oz. Gold rose $2.70 or 0.17% in New York on Friday and closed at $1,620.40/oz. Silver fell and then recovered to $28.32, but finished on Friday in New York with a loss of just 0.4%.

  • This SHOULD give you a headache: Fed’s Rosengren Urges ‘Open-Ended’ Easing Program (at Lear Capital, we have the antidote)

    August 09 2012 2:33 AM

    When I hear a central banker use the term "open-ended", it brings me back to my days in capital equipment (printing presses) and a knowledge of what the "E"-stop button was, more descriptively known as the emergency stop button. To give you a mental image, picture the emergency stop button of a currency printing press. Now picture a sledgehammer in the hands of Federal Reserve Chairman Ben Bernanke. Next, picture him swinging said sledgehammer and completely knocking that "E"-s...

  • GOLD close to confirming breakout to all-time highs

    August 09 2012 1:56 AM

    Back in the fall of 2011 I was warning my subscribers and the public via articles to prepare for a large correction in the price of GOLD. The metal had experienced a primary wave 3 rally from $681 per ounce in the fall of 2008 to the upper $1800's at the time of my warnings in the fall of 2011. A 34 Fibonacci month rally was sure to be followed by an 8-13 month consolidation period, or what I would term a Primary wave 4 correction pattern.


    August 02 2012 2:13 PM

    Where is the gold price today? If you're like many Americans, you have no idea whether it went up, down, or sideways. Fortunately, I know my readers to be more informed - you likely know that after falling from almost $1900, gold has been trapped around $1600 since early May. But you may still be curious why despite continued money-printing and abysmal US economic reports, gold hasn't been able to hit new highs.

  • What Happens to Greece?s Gold when They Exit the Eurozone

    August 02 2012 7:47 AM

    With Germany?s leaders telling us that the exit from the Eurozone by Greece no longer holds terror for them, we understand that they are prepared for such an eventuality. As the E.U. leader?s representatives went to Greece this week to see the progress on the implementation of structural reforms and the austerity measures, it became clear to all that while we must wait for the results from them.

  • Ignore What Our Financial Policy Makers and Politicians Say, and Own Gold

    July 31 2012 11:39 AM

    Only last Thursday, European Central Bank (ECB) president, Mario Draghi, made a few very bold statements regarding the euro. Draghi stated that the ECB will do everything in its power to save the euro.

  • Lear Capital: Is Fed About to Skyrocket the Gold Price…AGAIN?

    July 26 2012 1:59 AM

    It shouldn't have been breaking news yesterday...but it was. According to a Wall Street Journal Special Report, the Fed is hotly contemplating another move toward easing as early as next week, during its July 31 - August 1 meeting.

  • Is Fed About to Skyrocket the Gold Price…AGAIN?

    July 25 2012 4:41 PM

    It shouldn’t have been breaking news yesterday…but it was. According to a Wall Street Journal Special Report, the Fed is hotly contemplating another move toward easing as early as next week, during its July 31 – August 1 meeting.

  • Do Gold, Silver Prices Fall, in a Shrinking, Debt-distressed World?

    July 24 2012 1:41 PM

    As global growth is being downgraded by the I.M.F. from 3.5% to 3.1% fears that the Eurozone is already in a recession and the U.S. is likely to enter one next year, are growing.

  • Gold Continues To Move Towards The Financial System

    July 24 2012 9:19 AM

    It is currently estimated that the largest 110 central banks have 16% of their reserves as gold. Anyone who follows the gold market knows that many central banks have become net buyers of gold in the last few years, and the pace of accumulation seems to be growing.

  • Anatomy of Future Gold & Silver Bubble

    July 24 2012 9:16 AM

    In recent commentaries we’ve written about the three phases of a bull market and how and why the final phase evolves as it does.

  • China Precious Metals Strategy

    July 23 2012 2:49 PM

    The Chinese currency the Yuan is still pegged to the U.S. Dollar at a level that undervalues it substantially, provoking criticism of this exchange rate policy.

  • Gold Bullion
    Why Is Gold Safe To Invest In Despite Market Pressures?

    July 19 2012 3:34 PM

    Gold continues to fare better than other asset classes in spite of a downward pressure on prices.

  • How Gold Will be Made Acceptable by the Powers that Be

    July 18 2012 11:37 AM

    The critical requirements of gold’s return to the monetary system are twofold : 1. It must easily dovetail into the current monetary system. 2. It must provide a workable application, right down to consumer level.

  • The Potential for Gold Stocks in 2013-2014

    July 18 2012 9:46 AM

    There are two drivers of stock prices: valuation and earnings. Valuations are very much driven by investor sentiment while earnings are driven by revenue and margins.

  • As Long as Financial Leaders continue with the Same Keynesian Policies, it is Essential to Hold Gold

    July 17 2012 10:35 AM

    Gold prices were rather volatile last week as they vacillated between the key support level at around $1550 an ounce, and the key resistance which seems to be tracking the 50 day Moving Average as well as the $1600 an ounce level.

  • Marc Faber Says ?Gold Is Oversold Near Term?

    July 17 2012 8:28 AM

    Marc Faber Says ?Gold Is Oversold Near Term?

  • To QE or Not to QE, Disinflation May Be In the Cards

    July 16 2012 2:23 PM

    In its most recent Meeting Minutes for June 19-20, which were released on July 11th, the FOMC gave no indications of another round of stimulus or QEIII.

  • Gold Stocks Fail To Sparkle

    July 13 2012 10:40 AM

    For the last ten months or so we have watched the precious metals mining sector try in vain to put in a decent rally only to run out of steam and disappoint some of its most ardent supporters, including us.

  • Expecting a Different Result

    July 10 2012 1:46 PM

    Many say the definition of insanity is doing the same thing and expecting a different result. Yet this seems to be the standard set of marching orders for the global financial system.