"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •588 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 2,124.20 | -21.50 | -1.00% |
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WTI Crude •11 mins | 64.92 | +0.29 | +0.45% |
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Gasoline •19 mins | 1.980 | +0.001 | +0.07% |
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Ethanol •588 days | 2.161 | +0.000 | +0.00% |
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Silver •588 days | 30.82 | +1.16 | +3.92% |
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Silver • 588 days | 30.82 | +1.16 | +3.92% | |
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Copper • 588 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 1 hour | 69.40 | +0.60 | +0.87% | |
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Natural Gas • 13 mins | 3.211 | +0.052 | +1.65% | |
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Heating Oil • 11 mins | 2.447 | +0.007 | +0.28% |
Markets / Other
EUR/GBP: The Growing Bearish Momentum Has Crushed The Long-Term Rising Trendline
EUR/GBP has broken its long-term rising trendline, confirming an increasing bearish momentum. The support at 0.8470 (12/06/2013 low) is challenged. An hourly resistance stands at 0.8553 (30/08/2013 high).
Monetary-Base Confusion
We occasionally see articles where the monetary base is wrongly discussed as if it were akin to the money supply or as if the change in the monetary base indicated…
Delong-in-Wonderland
Preposterous economic proposals from economists living in academic wonderland are the norm.
Connecting the Dots - 09/02/2013
The baton was passed in the equity markets in August with the SP500 stumbling (~ -3%), Europe outperforming (VGK ~ -1.5%) and China rallying (SSEC ~ +5%). Although we continue…
Market Turning Points
On a purely technical basis, the rally is justified by the divergences which developed in the indicators as SPX was attempting to hold its 1630 projection level. We can tentatively…
SP And NAS - Best Offense Is A Good Defense
If you do not use stops in a market, do not complain about giving back profits or taking larger losses. That is the negative approach to handling one's portfolio, and…
Who Says Gold Is Money? (Part Two)
Who is right? Warren Buffett and Charlie Munger and many more say you shouldn't own gold. Ray Dalio, David Einhorn, Jim Rogers, John Paulson, George Soros, and I (among many…
Drums Of War Spark Rally In Gold, Silver and Energy
A potential bull market in commodities, precious metals and miners could accelerate higher if Congress gives Obama the approval to attack Syria based on the use of chemical weapons of…
Oil Update: No Breakout So Far, but the Trend Remains in Place
From today's point of view, it seems that the situation hasn't changed much since our last Oil Update, because light crude is trading between $105 and $107 per barrel once…
Massive Debt Levels Will Push Silver To $150 And Beyond
The massive debt bubble created by our monetary system is about to burst. The demonetization of gold and silver, has over the years diverted value from these metals, to all…
