"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •376 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •15 mins | 1,418.00 | -51.90 | -3.53% |
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WTI Crude •35 mins | 66.98 | -1.47 | -2.15% |
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Gasoline •35 mins | 2.165 | -0.022 | -0.99% |
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Ethanol •376 days | 2.161 | +0.000 | +0.00% |
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Silver •376 days | 30.82 | +1.16 | +3.92% |
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Silver • 376 days | 30.82 | +1.16 | +3.92% | |
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Copper • 376 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 20 mins | 69.02 | -1.34 | -1.90% | |
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Natural Gas • 35 mins | 3.466 | +0.152 | +4.59% | |
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Heating Oil • 35 mins | 2.390 | -0.058 | -2.35% |
An economic slowdown in many…
During the quarter there were…
Wells Fargo has done it…
We couldn't just have one "Chart of the Week" this week. We need two.
Figure 1. Copper/ weekly
Larger Image
Our bonus "Chart of the Week" is a weekly chart of copper, that metal with a Ph.D. in economics. Copper has closed below the 370 support level, and this is bearish. This is a reflection of global economic weakness. "Risk off" appears to be the predominant theme amongst various asset classes. Proceed with caution.
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