"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •587 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 2,142.50 | +42.00 | +2.00% |
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WTI Crude •11 mins | 64.47 | +0.51 | +0.80% |
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Gasoline •11 mins | 1.974 | +0.014 | +0.73% |
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Ethanol •587 days | 2.161 | +0.000 | +0.00% |
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Silver •587 days | 30.82 | +1.16 | +3.92% |
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Silver • 587 days | 30.82 | +1.16 | +3.92% | |
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Copper • 587 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 11 mins | 69.30 | +0.50 | +0.73% | |
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Natural Gas • 11 mins | 3.141 | +0.026 | +0.83% | |
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Heating Oil • 11 mins | 2.418 | +0.019 | +0.78% |
Markets / Other
Higher Rates, Higher Credit Growth: Sober Look
I wrote recently about money velocity and reminded readers that theory says higher interest rates tend to increase money velocity because it decreases the demand for real cash balances. This…
Gold And Silver - Fed Taper? Never! Never, Never, Ever
The proverbial handwriting has been on the wall for quite some time. Lying Ben Bernocchio just sealed the fate of the already doomed fiat Federal Reserve Note, aka the "dollar,"…
The Macro Analytics: A Technical Update
Global Currency Trading accounts for nearly $5 Trillion per day. It is the 800 pound Gorilla and when it sends signals investors need to pay attention. Most major historical stock…
Once Again, Do Not Pay Attention to That Man Behind The Curtain
It should be obvious by now that mass democratization over the past century demanded a steady flow of inflation. The inflation of self-esteem: This inspired rights and privileges. These were…
This Past Week in Gold
Summary: Long term - on major sell signal since Mar 2012. Short term - on sell signals. Gold sector cycle - down as of 9/13.
Financial Conditions
The Fed really pushed the envelope too far this time.
How To Calculate The Intrinsic Value Of Your Common Stocks: Part 1
Every investor in common stocks is faced with the challenge of knowing when to buy, sell or hold. Additionally, this challenge will be approached differently by the true investor than…
Terrible Technicals
I have a theory about technical indicators, which is that most people only pay attention to the ones that that confirm what they already think. Technicals are primarily entertainment, in…
Debt: Still Cheap, and Getting Looser
Suddenly, borrowing and lending is all the rage again. The financial crash was five years ago this fall, and nobody is letting us forget it. According to ex-FDIC Chair Sheila…
E-Alchemy with the US Fed
Imagine the US Fed had a technology called the 'printing press'. So like me, the world and its stockbroker thought the US Fed would start trimming QE money-printing this Wednesday.…
