"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •587 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 2,177.10 | +76.60 | +3.65% |
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WTI Crude •11 mins | 65.43 | +1.47 | +2.30% |
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Gasoline •11 mins | 2.000 | +0.041 | +2.07% |
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Ethanol •587 days | 2.161 | +0.000 | +0.00% |
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Silver •587 days | 30.82 | +1.16 | +3.92% |
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Silver • 587 days | 30.82 | +1.16 | +3.92% | |
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Copper • 587 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 11 mins | 70.28 | +1.48 | +2.15% | |
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Natural Gas • 11 mins | 3.074 | -0.041 | -1.32% | |
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Heating Oil • 11 mins | 2.455 | +0.056 | +2.35% |
Markets / Other
SP500 PE Ratio is Now at 723!
The historic rule of thumb is that the S&P500 is correctly valued with a price/earnings or PE ratio of 14, the market normally hits the area of 7 at true…
Foreign Investment in the U.S. - Going Down, Down, Down
Many of those in the deflation camp largely, or entirely, ignore the potential role these foreign holders may play in the drama now unfolding. But in fact, foreigners have, over…
PNC plus CRE = Doo Doo hitting the Fan
Now that the nation's second largest mall property owner and REIT has just filed chapter 11, after I warned readers over a year and a half ago of this very…
The 11th Hour, Moments Before A US Economic Meltdown
Over the past couple of weeks more and more people are beginning to believe the great recession has ended. I have been considering this and trying to decide whether or…
The Greatest Subprime A.R.M. of All is our Debt
The fact that the Treasury Department must issue a record amount of debt in the ensuing years will put upward pressure on interest rates. Add to that a record-low Fed…
Dollar Stabilization and Stock/Gold Ratio
The overnight wave of dollar selling was mostly led by a fresh wave of buying in commodity currencies (rather than only rising equities) courtesy of +$70 in crude prices and…
Forex Markets Tire While Waiting for Stock Market Correction
The weaker Dollar could not drive the Swiss Franc through the recent bottom in the USD CHF at 1.0590. Traders may be hesitant to initiate selling at the low end…
Gold Stocks: The Big Picture
During 2001-2007 there were some hefty downward corrections in the gold sector, but although these corrections seemed dramatic in real time they didn't come close to matching either of the…
Breakfast with Dave
The Dow is coming off its best weekly performance since March 2000, and if memory serves us correctly, that month was marking the beginning of the end of the great…
Is 2009 Like 2002?
I have often thought that the 2009 rally resembles the rally off the September 11, 2001 lows that lasted into March, 2002. Even though the causes of the "crisis" are…
