"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •673 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 2,039.10 | -23.20 | -1.12% |
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WTI Crude •1 day | 89.83 | -12.44 | -12.16% |
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Gasoline •1 day | 3.324 | -0.297 | -8.20% |
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Ethanol •673 days | 2.161 | +0.000 | +0.00% |
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Silver •673 days | 30.82 | +1.16 | +3.92% |
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Silver • 673 days | 30.82 | +1.16 | +3.92% | |
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Copper • 673 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 1 day | 98.33 | -11.54 | -10.50% | |
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Natural Gas • 1 day | 2.720 | -0.068 | -2.44% | |
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Heating Oil • 1 day | 3.612 | -0.418 | -10.38% |
Markets / Other
Anniversary of the Credit Crunch
We are coming up to the fifth anniversary of the financial crisis, at least for the UK's banking system, because it was five years ago that anxious depositors were queuing…
More On Whether There Should Be a Reversion to Segregated Banking Activities
I concluded a commentary in my July 13 Newsletter with the following statement: "It is also why I have come to believe laws should be put in place to return…
Legalize Competing Currencies
I recently held a hearing in my congressional subcommittee on the subject of competing currencies. This is an issue of enormous importance, but unfortunately few Americans understand how the Federal…
EUR/USD - Further Downside Anticipated
EUR/USD appears to have entered a short-term consolidation phase which is favoured to yield a lower high versus the recent 1.2443 double top. Failure to remain below 1.2443 will suggest…
Bulls Still In Control, But Time Is Running Out
In last week's article "Three Weeks Left" I outlined a brief synopsis of what I was expecting based on how the daily cycles were unfolding. So far markets are playing…
Greenspan's Silver Anniversary
"Tomorrow is the 25th anniversary of one Sir Alan Greenspan's confirmation vote. Fred, you doing anything special to celebrate?" wrote Scott Frew, General Partner of Rockingham Capital Partners L.P. hedge…
Market Turning Points
The SPX may be starting to create a distribution pattern which, when complete, would turn out to be at least a short-term top, and perhaps an intermediate one as well.
Welcome to the Third World, Part 7: Bye Bye, Public Services
Muni bond investors, meanwhile, will discover that the "risk free" parts of their portfolios are anything but, leading to harder times for retirees and some wild capital migrations out of…
Is the Chinese Giant Resting or Fading?
The economy is only pausing, but the recovery might take a few more months. The E.C.B wants to help Italy and Spain. Has Greece's leaving the eurozone already been discounted?
Investor Sentiment: Summer Doldrums!
It is the summer doldrums. Volume is pathetic. There isn't much to say that has not been said already. The "smart money" is neutral. The "dumb money" is really starting…
