"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •685 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •15 mins | 1,933.30 | -11.70 | -0.60% |
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WTI Crude •11 mins | 104.32 | +0.17 | +0.16% |
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Gasoline •19 mins | 3.680 | -0.017 | -0.45% |
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Ethanol •685 days | 2.161 | +0.000 | +0.00% |
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Silver •685 days | 30.82 | +1.16 | +3.92% |
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Silver • 685 days | 30.82 | +1.16 | +3.92% | |
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Copper • 685 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 31 mins | 111.28 | -0.82 | -0.73% | |
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Natural Gas • 11 mins | 3.114 | +0.090 | +2.98% | |
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Heating Oil • 1 hour | 4.163 | +0.048 | +1.17% |
An economic slowdown in many…
The Economic Community of West…
More freeports open around the…
The Banking Index is a key to the market and the economy.
Central Bankers are reported as being scared now, so caution is a very good thing to exercise at this point.
Below is a weekly chart of the Banking Index. Just before the 83.43 resistance level (see the horizontal red line) from September 2008, we will hit a 61.8% Fibonacci retracement. A good question to ask yourself is: Do we have the necessary growth to pay off the loans that are already in existence?
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