GLD

Recently, the Federal Reserve raised the discount rate after nearly 14 months from 0.5% to 0.75%. This article explains if more rate hikes in store and what this rate hike means for stock, bond, commodity, and cash investments. Read Federal Reserve Discount Rate and Your Investment Decisions .

Great look at the technical prospects of the gold ETF (GLD) by technical whiz Corey Rosenbloom.

Berkshire’s 4th quarter results were propped up by Buffett’s $1.05Bn gains in derivatives betting (something Buffett himself once called "weapons of mass financial destruction" but, as we well know - if you can’t beat them…), which accounted for 1/3 of Berkshire’s $3.06Bn profits.

My father in law wrote yesterday to give me grief about my recent gold forecast/guess as laid out in a recent Currency Currents. So happy he was with the recent bounce off the support level in the yellow metal...

It has been a scary ride down over the last 10 days but we cannot let fear overcome us. Yes the S&P 500 has corrected 6.6% from its closing high, but did we forget it rallied 70% from its closing low?

It’s been a great year as we head into the final few trading sessions. The past several weeks the indexes have not done much of anything which is why we are now in cash.

I feel as though the market is about to change direction abruptly in the coming days or weeks. I feel this way for several reasons:

Gold Trends:
Gold has been leading the market for almost a year. Last week gold and gold stocks were trading at support looking ready to bottom but as you will see in my charts below, both broke support on heavy volume.

Gold Trends:
Gold has been leading the market for almost a year. Last week gold and gold stocks were trading at support looking ready to bottom but as you will see in my charts below, both broke support on heavy volume.

It’s been a great week so far. Stocks and commodities are moving as expected from my weekend trading report. I like to see the market unfold in a calm collected manner.

As we approach the middle of December, let’s take a look at how gold prices have performed year-to-date and what specific level to watch here for clues as to the short-term future of gold.

Last week, silver decided to thrust above the toppiness that caused so many traders to fret (see "Silver Topping Out?"), only to score a fresh double-top.

Gold was in the spotlight during Friday night's Options Action. For those currently long GLD stock and fretting over a continued sell-off from Friday's ugly price action, entering a zero cost collar was suggested. Basically the zero cost collar offers downside protection while limiting upside profit potential. Let's break it down.

Existing Position: Long 100 shares of GLD at $100 entry price

With the major indices trading mixed Wednesday, there were many stocks which traded higher on BIG volume. The list described below is a large one which is quite unusual for a rather flat trading day.

Gold has shot through the roof in recent weeks as the dollar has been crushed day after day. The last few days on gold however have been a pure and simple short squeeze. This is obvious by looking at the dollar and comparing golds movements. For instance, yesterday, gold shot through the roof again making new all time highs yet the dollar did not drop.