"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •670 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •15 mins | 1,990.20 | +28.70 | +1.46% |
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WTI Crude •11 mins | 103.97 | -2.45 | -2.30% |
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Gasoline •11 mins | 3.687 | -0.052 | -1.38% |
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Ethanol •670 days | 2.161 | +0.000 | +0.00% |
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Silver •670 days | 30.82 | +1.16 | +3.92% |
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Silver • 670 days | 30.82 | +1.16 | +3.92% | |
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Copper • 670 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 11 mins | 112.67 | -1.77 | -1.55% | |
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Natural Gas • 11 mins | 2.831 | -0.036 | -1.26% | |
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Heating Oil • 11 mins | 4.044 | -0.029 | -0.71% |
Markets / Other
France, Germany: Barely Positive Q3 GDPs, Outlook Negative
No matter what some commentators and financial markets pundits would have one believe, it seems to me Europe and the Eurozone is going 'worse than sideways economically'. Austerity program related…
The VIX versus the Market. Why Was this Backwards this Week?
The market has been dropping this week, and the NYSE New Lows have jumped from 81 last Friday to 258 at the close yesterday. Sounds like higher fear levels doesn't…
Gold and Silver Stocks - A Dramatic Change in Fundamentals or a Short-Term Anomaly?
Stock exchange is a very volatile, emotion-driven place. Even though most of the time one can predict future moves in particular assets with decent effectiveness, every once in a while…
Ron Paul, American Hero; His Farewell Speech to Congress; Mish Reflections On Why the Country is Broke
On Wednesday, Rep. Ron Paul (R-Texas) delivered a 48-minute farewell address on the House floor after serving 30 years in Congress. His farewell speech is arguably the best in his…
Greenspan: Markets Will Crater if US Can't Solve Fiscal Cliff Problem
Former Federal Reserve Chairman Alan Greenspan told Bloomberg Television's Betty Liu on "In the Loop" this morning that "markets will crater if we run into any evidence that we can't…
Shale Gas Will be the Next Bubble to Pop - An Interview with Arthur Berman
The "shale revolution" has been grabbing a great deal of headlines for some time now. A favourite topic of investors, sector commentators and analysts - many of whom claim we…
Eurozone: Back in Technical Recession, Economist Poll Results
A poll of over 70 economists is reported as saying the Eurozone's just announced (yesterday) return to technical recession (two consecutive quarters of declining GDP) will extend to the end…
Honest, Abe?
We are increasingly moving into a one-way street for central bank policy. Central bankers are essentially engaging in a sophisticated version of competitive devaluations. The Fed does QE, the BOE…
SPX: Follow Up of the Short Term EWP
It is obvious that SPX is now "extremely" oversold. I say "extremely", but keep in mind that it is a relative judgment since extreme oversold readings can become more oversold.
EUR/USD: Bounce is Weakening
EUR/USD: The break to the downside out of the consolidation from mid-September to November (see triangle) calls for further weakness towards the support at 1.2431.
