"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 | 2,156.50 | +56.00 | +2.67% |
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WTI Crude •11 mins | 64.83 | +0.87 | +1.36% |
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Gasoline •11 mins | 1.980 | +0.021 | +1.08% |
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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 | 69.68 | +0.88 | +1.28% | |
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Natural Gas • 12 mins | 3.126 | +0.011 | +0.35% | |
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Heating Oil • 11 mins | 2.433 | +0.034 | +1.43% |
Markets / Other
Theory of Interest and Prices in Paper Currency Part VI (The End)
For years, I have been thinking that this is a perfect analogy to the falling rate of interest. At zero interest on long-term debt, the net present value is infinite.…
GOLD Elliott Wave Technical Analysis
Movement above 1,374.17 invalidated the main wave count and confirmed the alternate. Yesterday I judged the two wave counts to have a close to even probability. It is time to…
Charting the Big Picture
Despite the proven ability of powerful institutions such as the Federal Reserve to dramatically manipulate and distort nearly every facet of the financial sphere, in the first of a possible…
The Morning After; Price Discovery is Zero; PUT on the Bond Market? Is Inflation Really Under 2%?
Steen Jakobsen, Chief economist at Saxo Bank in Denmark, pinged me today with his thoughts on "the morning after" and "price discovery".
Gold Market Update
That was a huge announcement by the Fed yesterday (18th) to keep monetary policy the same and the effect on the markets was immediate and dramatic. To say that this…
Silver Market Update
Much of what is written in the parallel Gold Market update applies equally to silver and that will not be repeated here. Silver's major reversal pattern, which, like gold's, is…
Magazine Cover Indicator Rears Its Head
Contrarians take note: The latest issue of Time magazine featured another one of those infamous bull market covers. The bull was displayed rather prominently on the cover under the headline,…
That Big Expanding Triangle!
As was expected, at least in this corner, the Fed has decided not to “taper” its bond-buying program known as QE3 of $85 billion a month. The reasoning here was…
The Smell of Collapse is in the Air
The U.S. stock market is near all-time highs, while politicians and economists are blathering about recovery, low inflation, and good times, but instability and danger are clearly visible in our…
Evidence Said Be Bullish Before Fed - Still Does
Our market model uses numerous risk-on vs. risk-off ratios to monitor the market's risk tolerance. Markets are the mechanism that sets asset prices. It is prudent to monitor the mechanism…
