"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •582 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •15 mins | 2,030.30 | -40.30 | -1.95% |
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WTI Crude •11 mins | 63.27 | -0.02 | -0.03% |
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Gasoline •11 mins | 1.935 | +0.009 | +0.45% |
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Ethanol •582 days | 2.161 | +0.000 | +0.00% |
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Silver •582 days | 30.82 | +1.16 | +3.92% |
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Silver • 582 days | 30.82 | +1.16 | +3.92% | |
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Copper • 582 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 11 mins | 67.59 | +0.04 | +0.06% | |
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Natural Gas • 11 mins | 3.577 | +0.068 | +1.94% | |
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Heating Oil • 11 mins | 2.389 | -0.004 | -0.18% |
Markets / Other
Has California Real Estate Bottomed?
Since late 2003, I've been bearish on real estate, as it seemed quite obvious back then it was building the same bubble as the stock market of the late 1990s.…
Obama, Keynes, and Pragmatism
First and foremost, the idea that the world's largest debtor nation should be stood up as role model is laughable. That is like hiring the town's serial bankrupt to run…
Gold Is A Beach Ball Being Held Under Water
Perhaps the best analogy to explain the fundamental condition of gold is that it's like a beach ball being held under water, where at some point it will escape the…
Strengthening or Weakening the Economy?
Government is a monumental drag on this economy. Government at all levels currently absorbs about 35-40 percent of GDP, which is still not enough for its voracious appetite. While productivity…
Technically Precious with Merv
$30 up, $30 down but in the end nothing seems to be happening. Do those "professionals" who are capable of moving prices REALLY know what's going on? Sometimes I wonder.
CNBC Squawkbox Europe
... this is "Deflation" and governments cannot control deflation. Monetary policy, interest rates and stimulus programs are not the answer.
'Tug of War'
The broad markets are at a critical juncture and as Mr. Alan Gayle observes in the AP piece Wall Street rebounds after banks report big losses: "It's that tug of…
Obama: Change to Come?
Friday, the last trading day with the Bush Administration in command, was marked by new lows in the terribly ill banking sector. The Troubled Assets Relief Program (TARP) became law…
Buy Buy Buy
We remain in Buy Mode, looking for the markets to rally into 2/11. This should be a pretty decent rally as the market is doing both technically and on a…
Bernanke and Obama's Advisors are Wrong: Deflation Did Not Threaten the US Economy
The striking thing about the warnings of impending deflation is that they never tell us what deflation is. If the public doesn't understand the nature of deflation then it will…
