Bill Murphy
Bill Murphy Articles
It is fascinating to me that much of what we have covered at the Cafe over the past year is starting to synchronize and boil over. So I thought I would put some labor into this Labor Day weekend and examine what is happening on the scandal...
What a day! Goldman Sachs sat on the gold market (what else is new?), as gold rallied only $1.10 while the dollar swooned again, bond yields rose, and the stock market dived. Silver put in a better performance and rallied 7 cents.
Behind...
Technicals
"It's the same old song." "16 (160) tonnes." The technicals continue to be meaningless in the gold market. Worth zip-dee-doo-dah. They are constantly overshadowed by the bullion dealer crowd and most likely Peter Fisher, the No...
Technicals -
The gold market has broken down as the recent new resistance point of $285 was not penetrated to the upside on a closing basis. The lousy price action at that level encouraged new selling as the open interest is on the rise...
Technicals -
Times may be a changing. Gold has closed higher the past 3 days in a row. Last Wednesdays down day on very heavy, 115,000 contract volume, looks like a climactic blow off and a last ditch effort of the bears to drive down the...
"SCANDALE GOLD"
We are pleased to say that we have raised to the level of awareness about the "Goon Squad" and their activities. Queries have come back to us from everywhere: "Could Goldman Sachs ( Secretary of the Treasury, Rubin's,...
Special Commentary
We have identified Goldman Sachs and JP Morgan as the "Leaders of the Gold Selling Pack". We also believe, that for various reasons, U S officialdom and some highly visible financial entities have orchestrated the...
