"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •578 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 2,168.30 | +46.70 | +2.20% |
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WTI Crude •2 days | 65.21 | -0.21 | -0.32% |
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Gasoline •2 days | 1.923 | +0.003 | +0.15% |
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Ethanol •578 days | 2.161 | +0.000 | +0.00% |
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Silver •578 days | 30.82 | +1.16 | +3.92% |
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Silver • 578 days | 30.82 | +1.16 | +3.92% | |
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Copper • 578 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 2 days | 69.32 | -0.27 | -0.39% | |
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Natural Gas • 1 day | 4.354 | +0.436 | +11.13% | |
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Heating Oil • 1 day | 2.736 | +0.150 | +5.81% |
Markets / Other
India's Gold Demand: A Panic for Gold?
...Just like everywhere else, Indian consumers face the problem of too much money chasing prices too high and becoming worth less each day...
Benchmark MBS and the SEC
In JPMorgan Chase's and Citigroup's earnings conference calls, both major lenders this week noted deterioration in prime mortgages. This provides additional confirmation that the mortgage crisis is now reaching the…
PM Summer Doldrums
For the most part, this summer has not been kind to precious-metals investors and speculators. While gold did rally rather sharply from mid-June to mid-July, up 12.6%, it could not…
Mr. Foreign Investor's Neighborhood
Perhaps the reason that Treasury Secretary Paulson wants to bail out Government Sponsored Entities (GSEs) like Fannie Mae and Freddy Mac is because of who owns the shares of the…
Congress Taps Paulson's Helmet
With President Bush no longer threatening a veto, the subprime mortgage and Fannie and Freddie "bailout" bill is now sailing through Congress. In anticipation of its enactment, Congress had the…
Banks are "Hunkering Down", Should You?
Both in trouble, Fannie Mae and Freddie Mac have announced that they will cut the number of mortgages that they buy from banks. That will cause a big problem for…
Risk Management In Trending Markets
Most of us would prefer to be investors instead of traders. Investors, with an intermediate to long-term time horizon, must be aligned with a positive trend in order to make…
Deteriorating Outlook for the Euro-zone
Hitherto, we have seen plenty of negative data from Spain, the 'zone's fourth-largest economy, thanks to its housing market slump. Ireland has also been weakening rapidly. Now, the combination of…
Merk Market Outlook: Tale of Two Economic Releases
The upcoming week will be defined by two closely linked US macroeconomic data that will frame the debate about which direction the economy is poised to take during the latter…
Bailouts and Bazookas
Incredibly, the erstwhile Wall Street executive made the case for allowing Treasury the unlimited power to purchase the GSE's debt and Equity. His reasoning was, if the bad guys know…
