"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •297 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 972.90 | -7.40 | -0.75% |
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WTI Crude •1 day | 63.02 | +0.23 | +0.37% |
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Gasoline •1 day | 2.119 | +0.013 | +0.63% |
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Ethanol •297 days | 2.161 | +0.000 | +0.00% |
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Silver •297 days | 30.82 | +1.16 | +3.92% |
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Silver • 297 days | 30.82 | +1.16 | +3.92% | |
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Copper • 297 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 1 day | 66.87 | +0.32 | +0.48% | |
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Natural Gas • 1 day | 2.937 | +0.007 | +0.24% | |
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Heating Oil • 1 day | 2.167 | +0.024 | +1.10% |
Article Archive | Page 3179
Deficits and Private-Sector Credit
For the week, the S&P500 jumped 2.1% (up 9.2% y-t-d), and the Dow gained 1.7% (up 7.4%). The broader market fire runs hot. The S&P 400 Mid-Caps surged 3.6% (up…
Trading Lessons From the 1998 Russian Debt Default
I remember the 1998 Russian debt default crisis and the associated Long Term Capital Management collapse very well. I was a novice trader who found the bearish arguments of the…
U.S. Housing Data Spurs Late Gains in Oil Prices after Mixed Week
Market Summary for 04/19/2010 to 04/23/2010 After languishing most of the week, crude oil prices galloped to the finish line on Friday, tacking on 1.7% and recouping most of last…
The Drama Isn't Over
I am not sure what game it is that equity investors are watching. Overnight, Greece formally asked for aid from the EU and the IMF. Stocks rallied, I suppose on…
Goldman Sachs Charged With Fraud: Who Could Have Guessed? Part III
The firm's history suggests its vulnerability in periods of negative social mood In the November 2009 issue of Elliott Wave International's monthly Elliott Wave Financial Forecast, co-editors Steven Hochberg and…
Goldman, Gold, And Dollar's Influence on The Price of The Yellow Metal
This essay is based on the Premium Update posted on April 23rd, 2010. When gold declined last Friday we were not caught by surprise and neither were our…
How the Banks Print Their Money
Gosh! Banks print money, bleeding tax-payers and savers for ink... RESCUING THE BANKS was supposed to be about saving the savers. Just as in the Asian Crisis of the late…
To Peg or Not to Peg?
While I attended an economic conference last week in Shanghai, I found it notable - but not surprising - that two former Secretaries of the Treasury, John Snow and Hank…
Will Gold be Bolstered by the Goldman Sachs Fraud Case?
Initially the gold price fell on the news of the S.E.C. civil fraud charge against Goldman Sachs in the…
We're All Comrades Now
To ascertain what move the government is most likely to take next, we must first assess the probabilities. In order to do that, we start by restating the central question,…
