"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •854 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •15 mins | 1,525.30 | +27.10 | +1.81% |
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WTI Crude •11 mins | 89.47 | +1.35 | +1.53% |
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Gasoline •11 mins | 2.767 | +0.038 | +1.40% |
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Ethanol •854 days | 2.161 | +0.000 | +0.00% |
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Silver •854 days | 30.82 | +1.16 | +3.92% |
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Silver • 854 days | 30.82 | +1.16 | +3.92% | |
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Copper • 854 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 10 mins | 96.81 | +2.19 | +2.31% | |
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Natural Gas • 11 mins | 2.938 | -0.021 | -0.71% | |
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Heating Oil • 11 mins | 4.277 | +0.071 | +1.70% |
Markets / Other
The Faith-Based Metal
We agree that gold is a faith-based metal, although we don't like the term "faith-based". It is more appropriate to say that gold's value is not primarily determined by how…
Saudi Arms Deal is About Iran
This month the US Administration notified Congress that it intends to complete one of the largest arms sales in US history to one of the most repressive regimes on earth.…
Brewster's Trillions And The Week Ahead
Well, at long last the week we have been waiting for has arrived, and with it we can expect a degree of volatility that has recently been somewhat rare. Monday’s…
Investor Sentiment
The indicator is currently neutral. With regards to the specific components, the "dumb money" indicator is extremely bullish (i.e., bear signal) and so is the "smart money" indicator. As discussed…
Mainstream Money Manager Sees $10,000 Gold
I’ve been planning to post a review of Shayne McGuire’s new book, Hard Money. It’s coming, but in the meantime, here’s a profile from today’s Wall Street Journal.
It's All About The Dollar
That's right folks, it's all about the dollar ($) in the financial markets these days, and the $ is all about its accelerating debasement at the hands of the Fed.…
Larger Uptrend Firm Into 2011 - Minor Top Set for Mid-November
It's been a while since I have posted a market update, and - in light of the action in recent months - I want to post a detailed article on…
Ooops! A Mis- Fire (Correction!)
Our indicator that is constructed from the trends in crude oil, gold, and yields on the 10 year Treasury did NOT make it into the extreme zone last week. This…
The Calm Before The Storm
The theme remains the same. If the dollar rallies, the markets adjust. So what's going to move the market? On the elections, expectations are already set. On the Fed, as…
Tax Avoidance by Google and Apple, Corporate Cash, Job Creation During Schumpeterian Depressions
Rather than overtly punish successful businesses like Google and Apple with higher taxes, I propose slashing corporate income taxes across the board to some extremely low level while penalizing profits…
