"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •741 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •15 mins | 1,638.80 | -3.90 | -0.24% |
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WTI Crude •11 mins | 79.93 | +0.59 | +0.74% |
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Gasoline •32 mins | 3.234 | +0.007 | +0.21% |
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Ethanol •741 days | 2.161 | +0.000 | +0.00% |
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Silver •741 days | 30.82 | +1.16 | +3.92% |
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Silver • 741 days | 30.82 | +1.16 | +3.92% | |
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Copper • 741 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 2 hours | 84.73 | +1.43 | +1.72% | |
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Natural Gas • 12 mins | 2.909 | +0.005 | +0.17% | |
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Heating Oil • 11 mins | 3.996 | -0.019 | -0.46% |
Markets / Other
Chernobyl at Sea? Russia Building Floating Nuclear Power Plants
So much for the lessons of Fukushima. Never mind oil spills, the Russian Federation is preparing an energy initiative that, if it has problems, will inject nuclear material into the…
Commodities 2013 Halftime Report: A Time to Mine for Opportunity?
It was a challenging first half of the year for most commodities, with only two resources we track on our Periodic Table of Commodities Returns rising in value. Natural gas…
Stock Market Crash Season and Gold
Oil may hold the key to the next big move in gold. On the geopolitical front, the Iranian government's nuclear program could trigger an attack from Israel, and that could…
Theory of Interest and Prices in Paper Currency Part IV (Rising Cycle)
"What happens if the central bank pushes the rate of interest below the marginal time preference?" To my knowledge, Antal Fekete was the first to ask this question. It is…
Timing the Bottom
An interesting thing about the uptick in gold prices over the last couple days is the number of people asking me if I think gold has bottomed. This is somewhat…
Is It Time For a Breakout or for the Final Bottom in Silver?
Last week the price of the white metal climbed to an over two-week high after U.S. Federal Reserve Chairman said its huge stimulus program would stay in place for some…
SPX: Follow Up of the Short Term EWP
SPX: Price is approaching the May 22 high. It is obvious that this move is extended hence the probability of a multi-day "overbought" pullback is large.
USD/JPY: The Resistance at 99.63 Has Been Broken
USD/JPY continues to retrace its decline from the top at 101.53. The resistance at 99.63 has been broken. Another resistance can be found at 100.64. An initial support is given…
Reflationary Road
As expected, silver has taken its time in building out a foundation. However, once completed and as described by the historic momentum patterns shown below in copper, we expect silver…
Oops, We Did It Again: Banks and Houses Dominate the Recovery
One of the many, many lessons we should have learned from the 2009 crash is that an economy driven by inherently-unstable - and completely unproductive - things like rising home…
