"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •671 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •20 mins | 2,032.50 | +57.20 | +2.90% |
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WTI Crude •2 hours | 89.83 | -12.44 | -12.16% |
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Gasoline •2 hours | 3.324 | -0.297 | -8.20% |
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Ethanol •671 days | 2.161 | +0.000 | +0.00% |
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Silver •671 days | 30.82 | +1.16 | +3.92% |
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Silver • 671 days | 30.82 | +1.16 | +3.92% | |
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Copper • 671 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 2 hours | 98.33 | -11.54 | -10.50% | |
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Natural Gas • 2 hours | 2.720 | -0.068 | -2.44% | |
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Heating Oil • 2 hours | 3.612 | -0.418 | -10.38% |
Markets / Other
Government Dependency Will End in Chaos
The media insists on characterizing statements about dependency on government handouts as controversial, but in truth such statements are absolutely correct. It's not that nearly half of Americans are dependent…
IMF Lowers Global Growth Forecasts, and Likely That of the United Kingdom
The International Monetary Fund cut its global GDP forecast to 3.3% and 3.6% for 2012 and 2013 respectively. Reuters had reported Friday that German newspaper Handelsblatt said the International Monetary…
Jobs Report Will Not Derail Fed
The gold market dropped nearly $20 an ounce shortly after the U.S. Non-farm Payroll report was released on Friday. The Labor Department reported that the unemployment rate dropped to 7.8%,…
Riding Into The Sunset Or A Brick Wall?
A month ago, I presented the case for why Fed Chairman Bernanke would have strong motivation to launch another round of quantitative easing (QE) before the election. In short, it…
SPX: Follow Up of the Short Term EWP
I am clueless if this bearish (for equities) pattern will play out but in my opinion odds are large for at least a move towards the September 26 peak at…
USD/CAD: Consolidating After Sharp Decline
The succession of lower highs since March 2009 favours an underlying bearish bias. Indeed, the break of the support at 0.9725 opens the way for a medium-term move towards the…
A Little Fun for a Change - Try the Fed's Own Inflation Model
Confused about what the US Federal Reserve hopes to achieve with QE3? Now you can find out. Stand in for Chairman Ben Bernanke and play the new and exciting game…
This Could be a Dangerous Pattern
Sometimes, people forget the link between banks and the economy. Many potential borrowers are complaining about "the hundred hoops" banks are making them jump through in applying for a loan…
Zen Slap
Don't look now, but after last weeks dramatic divergence in the Aussie and the SPX - everyone suddenly became an expert on the Australian economy and their important currency to…
The SCO, China, Iran, and Gold
I make no apology for returning to the subject of China, its role in the Shanghai Cooperation Organisation, and gold. Gold is now a strategic metal for present and future…
