"No warning can save people determined to grow suddenly rich" - Lord Overstone
 |
Gold •673 days | 2,368.70 | +35.30 | +1.51% |
 |
Platinum •14 mins | 2,051.00 | -11.30 | -0.55% |
|
WTI Crude •10 mins | 94.37 | -0.44 | -0.46% |
|
Gasoline •11 mins | 3.433 | -0.023 | -0.67% |
|
Ethanol •673 days | 2.161 | +0.000 | +0.00% |
|
Silver •673 days | 30.82 | +1.16 | +3.92% |
 |
Silver • 673 days | 30.82 | +1.16 | +3.92% | |
|
Copper • 673 days | 4.530 | +0.111 | +2.51% | |
|
Brent Crude • 10 mins | 100.03 | -0.03 | -0.03% | |
|
Natural Gas • 10 mins | 2.824 | +0.055 | +1.99% | |
|
Heating Oil • 11 mins | 3.866 | +0.050 | +1.30% |
Markets / Other
Stocks Plunge as U.S. June Housing Starts Fall 5% to 8-month Low
U.S. equity markets plunged in pre-market trading following a weaker than expected U.S. Housing Starts report. It was reported that in June housing starts fell to a 549,000 pace, a…
Economists Don't Understand Money
The total above ground supply of gold doesn't vary by much from year to year, which is one of the reasons gold functioned so efficiently as money for thousands of…
Why Not Another World War?
There is overwhelming agreement among economists that the Second World War was responsible for decisively ending the Great Depression. When asked why the wars in Iran and Afghanistan are failing…
The Equity Markets In Graphs
So what is the state of the market? With the SPY and QQQQ both below resistance, this is bearish. With SDS bullish, this is bearish for equities. QID has yet…
Has Gold Had Its Day?
Again this week, the minutes of the Fed's meeting gave cause for concern as they stated that the risks to the U.S. economy had moved to the downside. While this…
Banks Blow It...
The major index ETFs opened lower then began a steep dive for the forty-five minutes of trading where the majority of the days losses were seen. The next half hour…
Stock Prices, Economic Data Buffet Crude Oil Futures in Lackluster Trading
An unexpectedly sharp drop in a key consumer confidence index sent stocks plummeting on Friday and drove down prices for crude oil futures so that the benchmark contract finished the…
Five Reasons for Nonsensical Forward Earnings Estimates
Forward S&P 500 earnings estimates are outrageously optimistic as noted in Hussman on Misallocating Resources, Market Valuations, Earnings Estimates, and Public Policy. This post will address the reasons why ...
When There is No Rule of Law
Regime uncertainty is the opposite of the rule of law. It is the rule of the whims of the people in charge and what mood they are in on any…
Emerging Markets Showing Mature Markets a Clean Pair of Heels
It comes as no surprise that the MSCI Emerging Markets Index has been solidly outperforming the Dow Jones World Index since the low of October 2008, as seen in the…
