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Copper Is Looking Ugly Tonight Joe WeisenthalApril 17, 2013, 9:05 PMOne of the big ongoing stories is the selloff in commodities. Gold is the most notable loser, but industrial ones like oil and copper are taking a beating too. Copper fell all day, and continues to be weak into the evening. From FinViz:FinViz

If one were to take a look at the technical signals for the market, there are plenty of reasons to be concerned here. The market came close to breaking support levels earlier this week on strong, convincing volume. Currently the market is trading below it’s 20-day moving average at 1552 and need only give up another 11 points before it’s broken its 50-day moving average. Normally that’s a cause for anxious waiting. The news on economic front continues to be worrisome as well. Slowing growth in China, European economic stagnation and mixed earnings here at home are signaling that downward...

Why I Still Want To Own As Much Gold As Possible Commodities / Gold and Silver 2013April 18, 2013 - 03:02 PM GMT By: Bill Bonner Whoa! This is getting interesting... Gold crashing on Monday. Slight recovery yesterday. Stocks crashed on Monday too. Now surging. What happened to gold? No one knows. There were reports of a 124.4 ton sell order from an investment bank on Friday morning. But from whom? Why? Nobody knows. From Bloomberg: The CME's Comex unit is making it more expensive for speculators to trade after gold fell the most in 33 years today, dropping to...

I am very disappointed by, but not surprised at, the latest transfer of wealth to the bankers from everyone else.  The most recent gold bear raid has vastly enriched the bullion bankers, once again, at the expense of everyone trying to protect their wealth from global central bank money printing.The central plank of Bernanke's magic recovery plan has been to get everybody back borrowing, spending, and "investing" in stocks, bonds, and other financial assets.  But not equally so, as he has been instrumental in distorting the landscape towards risk assets and away from safe harbors.That's why a 2-year loan...

In the opening years of the last decade, most mainstream investors sat on the sidelines while "tin hat" goldbugs rode the bull market from below $300 to just over $1,000 per ounce. But following the 2008 financial crisis, when gold held up better than stocks during the decline and made new record highs long before the Dow Jones fully recovered, Wall Street finally sat up and took notice. The new devotees helped to push gold to nearly $1,900 by September of 2011. For the next year and a half it held relatively steady, trading mostly between $1,500 and $1,800 as...

Gold And Silver Crash - Don't Be An IdiotKarl DenningerApril 15, 2013 Don't do it folks. There's no "reflation" trade. Nor is this "manipulation." There is one thing to watch, and that is if the physical commodity at real, no-BS volume sources de-couples from the futures price. This is a nightmare scenario as it posits the imminent destruction of the capital market structure, since futures are allegedly deliverables. That is, if I own a gold mine and know I can dig gold out of the ground for $1,200 an ounce "all-in" I will short whatever I'm sure I can deliver...

Monday’s crash in the gold market has been a long time coming. Buying opportunity? Only if you enjoy pain. And a few of you do. I know it. I could hear the howling from the mercantile exchanges. I don’t want to write I told you so, but I did. Many of us warned against the modern gold rush. But we weren’t looking at a crystal ball, it was history talking.

In the last two days gold has plunged so deep that it’s being called the worst drop — at least in percentage terms — in 30 years. That brings us back to the early Reagan period, when falling gold was regarded as a good thing. ... The reality is that all those quantitative easing reserves from the Fed never circulated through the economy. Most of them are on deposit at the central bank. And because everyone is still risk-averse, the demand for cash is so high that the turnover, or velocity, of money keeps falling. Last I looked, the M2...