The big picture that is evolving in the SPDR Gold Shares (GLD) shows that yesterday's high represented the third failed attempt to hurdle and sustain above 139.

On the one hand, the deflationary contraction that began in 2007 will continue shrinking prices and economic growth.  On the other hand, the inflationary expansion of the money supply that began in 2009 will go on too.

Boris Schlossberg has one destructive trading behavior to stop for 2011.

Gold prices finished the last trading day of 2010 perched just below their record high.

What kind of year was it? A flop. A failure. A loser. Just like Bill Bonner said it would be.

After making new corrective lows in a press towards a possible sixth consecutive down day, the China Shanghai Composite reversed to close higher today.

How do increased "risk appetites" really help anything?

John Mauldin knows a few very good market timers, and they are sending out warnings.

What does the ghost of Christmas Future have to show us?  What grave?  What empty chair?  What jokers at the funeral?

The feds don't know what they are doing.  What might happen?  Here are some guesses.