"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •770 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •14 mins | 1,761.10 | -8.20 | -0.46% |
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WTI Crude •11 mins | 82.67 | -0.60 | -0.72% |
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Gasoline •11 mins | 3.145 | -0.008 | -0.26% |
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Ethanol •770 days | 2.161 | +0.000 | +0.00% |
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Silver •770 days | 30.82 | +1.16 | +3.92% |
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Silver • 770 days | 30.82 | +1.16 | +3.92% | |
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Copper • 770 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 15 mins | 88.98 | +0.07 | +0.08% | |
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Natural Gas • 10 mins | 2.788 | -0.016 | -0.57% | |
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Heating Oil • 14 mins | 4.277 | -0.027 | -0.63% |
Markets / Other
Downplaying Debt Fears
Headlines are looking great this week as earnings reports are released, with the vast majority of corporations beating expectations. Unfortunately for big companies, they won't be able to keep as…
The Dollar Falls Out of Bed
... prices have essentially "fallen out of bed". The bounce has failed and support has failed and prices have just simply rolled over. I would expect another acceleration lower as…
Radical Plan to Cut Military Spending and Help Balance the Budget
My long held belief is the US cannot afford to be the world's policeman. Moreover, I question whether it is wise to pursue such a policy even if we could…
Daily Technical Report
Gold has broken above the all-important psychological level at 1500.00 and in doing so has recaptured 1518.32 (prior all-time high)to re-establish the uptrend higher. This is currently testing the upper…
Market Likes the Latest Fed Policy Statement...
Wednesday's trading was on below average volume on the NYSE and on average volume for the NASDAQ. We are awaiting the release of the GDP number before the open on…
Mid-Week Dollar, Gold and SP500 Trend Report
The dollar continues to control the equities and commodities market with its inverse relationship to them. The past couple years it seems that the dollar does what it wants and…
Ben Bernanke's Press Conference: 'We Don't Control Emerging Markets'
The Fed chairman's first press conference generated neither heat nor light, but did include some typically, um, questionable statements. Here are a few, followed by responses ...
How To Use Fibonacci Ratios in the Real World
What tools help you with the difficult task of identifying the market trend, riding it, and getting out before it reverses? Consider Fibonacci ratios: Mathematical proportions by which moves on…
Parabolic Blowoff In Silver, Gold Price Steady
The virtues of gold (GLD) and silver (SLV) are being addressed far and wide. My readers know the steady drumbeat of praise that is reaching a crescendo for the white…
Fed Wants Even Higher Inflation
Today, the Federal Reserve Open Market Committee (FOMC) announced it will continue to purchase government securities as previously announced ("QE2"), including reinvesting principal payments from its holdings.
