"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •93 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 1,001.70 | -3.90 | -0.39% |
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WTI Crude •4 hours | 74.38 | +0.67 | +0.91% |
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Gasoline •4 hours | 2.096 | +0.003 | +0.15% |
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Ethanol •93 days | 2.161 | +0.000 | +0.00% |
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Silver •93 days | 30.82 | +1.16 | +3.92% |
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Silver • 93 days | 30.82 | +1.16 | +3.92% | |
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Copper • 93 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 3 hours | 78.05 | +0.43 | +0.55% | |
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Natural Gas • 4 hours | 2.854 | -0.116 | -3.91% | |
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Heating Oil • 4 hours | 2.313 | +0.018 | +0.78% |
Markets / Other
ECB Running Out of Bonds to Buy for QE
ECB rules say QE bond purchases must be weighted according to size of the economy. That means German bonds are the preferred issue.
BREXIT and Silver
If it escaped your notice, there is the small matter of British citizens voting on whether to leave or remain within the European Union on the 23rd June. Being a…
Why the Average Person Should Own Some Gold and Silver
We live in a world where the main driving force behind this illusory economic recovery is hot money and data manipulation. According to Government stats, inflation is nonexistent, but anyone…
Negative Interest Rates Aren't Working Because They Haven't Been Tried
The economics world is all a-chatter about how central banks and their member banks have moved interest rates beyond the zero bound to charging negative interest rates. There is just…
These Conditions Ensure That Gold Stocks Will Continue To Rise Over The Coming Years
Gold stocks need very specific conditions in order to perform well. The last time most of these conditions were present was during the Great Depression. However, conditions are currently shaping…
VIX Danger
The VIX closed at18.48. This is still a high DANGER condition for the medium term. (Remember that the market moves opposite to the VIX.)
Elliott Wave Analysis On EURUSD AND AUDUSD
On the intraday chart of EURUSD, we are observing an idea of a minor degree correction, which is now unfolding in the wave B). Price is turning higher now above…
Increase In U.S. Rig Count Will Not Cap Oil Prices
The impact of rising oil prices on North American light tight oil (LTO) production is said to be a "Catch 22", the title of Joseph Heller's popular 1961 novel set…
$AUDUSD Short-term Elliott Wave Analysis
Short term Elliottwave structure suggests rally to 0.7504 ended wave ((w)), and pullback to 0.7283 ended wave ((x)). As pair already breaks above 0.7504, it has resumed the next leg…
Target2 Imbalances Grow: ECB Overtakes Greece as Third Largest Debtor
Target2 imbalances in the eurozone continue to mount. The ECB itself now has the third largest negative balance following Italy and Spain.
