"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •236 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •15 mins | 975.30 | +4.70 | +0.48% |
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WTI Crude •10 mins | 70.94 | +0.24 | +0.34% |
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Gasoline •10 mins | 2.027 | +0.016 | +0.77% |
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Ethanol •236 days | 2.161 | +0.000 | +0.00% |
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Silver •236 days | 30.82 | +1.16 | +3.92% |
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Silver • 236 days | 30.82 | +1.16 | +3.92% | |
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Copper • 236 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 27 mins | 74.78 | +0.35 | +0.47% | |
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Natural Gas • 10 mins | 4.006 | +0.012 | +0.30% | |
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Heating Oil • 14 mins | 2.455 | +0.020 | +0.80% |
Article Archive | Page 3619
Couples Hitched To The Economy, Not To Pets
In a new socioeconomic trend, divorce rates are dropping as couples who cannot stand each other have become Hitched to the Economy, not able to afford to split up.…
Honest Money Gold and Silver Report: Market Wrap
Market Wrap Week Ending 12/19/08 The Economy The U.S. current-account deficit decreased to $174.1 billion in the third quarter of 2008. It was $180.9 billion…
Words from the (Investment) Wise for the Week That Was (Dec 15 - 21, 2008): Part II
Bespoke: 30-year fixed mortgage rates down to 5.28% "Thirty-year fixed mortgage rates have declined significantly in recent weeks, down from 6% on November 20 to 5.28% as of yesterday [Wednesday].…
Words from the (Investment) Wise for the Week That Was (Dec 15 - 21, 2008)
"Americans have always been able to handle austerity and even adversity. Prosperity [greed!] is what is doing us in," said James Reston, former New York Times journalist and Pulitzer…
The Las Vegas Gravy Train has Ended
The Las Vegas economic boom of the last decade, much like the broader nationwide housing bubble, was fueled by cheap credit, irrational exuberance and a vision…
Technically Precious with Merv
As the U.S. $ Index and the price of gold bullion seem to be moving in opposite directions one wonders once more who is leading and who is following (albeit…
I Meant to Do That
The Fed has taken interest rates to zero. They have clearly started a program of quantitative easing. What exactly does that mean? Are we all now Japanese? Is the Fed…
Forward Thinking On Backwardation
In an earlier article Backward Thinking on Backwardation I explained that backwardation in gold is the flipside of the phenomenon of a drastic contraction of world trade and employment. This…
Technical Market Report
The good news is: • A Santa Clause rally is due to begin Wednesday. Short Term Seasonal considerations overwhelm everything else. The second and third days prior to Christmas are…
Q3 2008 "Flow of Funds"
For the week, the Dow slipped 0.6% (down 35.3% y-t-d), while the S&P500 added 0.9% (down 39.5%). The broader market was much stronger. The small cap Russell 2000 jumped 3.8%…
