"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •78 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 988.40 | -6.00 | -0.60% |
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WTI Crude •10 mins | 71.90 | -0.05 | -0.07% |
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Gasoline •19 mins | 2.057 | -0.003 | -0.14% |
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Ethanol •78 days | 2.161 | +0.000 | +0.00% |
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Silver •78 days | 30.82 | +1.16 | +3.92% |
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Silver • 78 days | 30.82 | +1.16 | +3.92% | |
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Copper • 78 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 2 hours | 74.88 | +1.23 | +1.67% | |
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Natural Gas • 16 mins | 2.341 | -0.007 | -0.30% | |
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Heating Oil • 17 mins | 2.170 | -0.002 | -0.07% |
Markets / Other
Permanent Market Support Operations
The greatest flaw in central banker doctrine/strategy was to believe that after intervening temporarily with reflationary measures the system would stabilize and gravitate right back to normal operations.
Signs of the Times
We have been watching for credit conditions to deteriorate - enough to prompt the establishment to claim that there are no problems...
Oversold XLE into Seasonal Low
A 40% to 50% retracement of the decline, back to the 50-day moving averages within three to six weeks would be the normal action.
10-Year Yields Move into Overbought Territory
The rise in Treasury Bond yields that started following our signal in July 2016 has come in two waves. The first produced overbought readings into December 2016 and was followed…
The Topping Process Begins. The Bubble Finds its Pin.
Volatility has now returned to the stock market after a hibernation of several years. An explosion of volatility normally is indicative of a change of trend.
Gold, U.S. Dollar, And Inflation
Gold is all the rage right now. And some apparently think that if you aren’t outright ‘bullish’ you are unaware or unintelligent.
Key Change That Nobody Talks About
Last week, everyone focused on the stock market sell-off. Reasonably enough, given the pace of the declines
No Bond Vigilantes: Just Record Short Futures Speculators
A reader asked me about "Bond Vigilantes". There aren't any, but there is a record number of speculators.
Take It To The Bank: Interest Rates Won't Rise
There is a consensus, from Fed propagandists to the gold bugs and everyone in between. Everyone thinks that rates are rising. We say interest rates won't rise.
Is the Correction over?
Although a higher high is still the expectation before a much more serious correction takes place, more weakness should be anticipated in March.
