"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •574 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •15 mins | 2,724.40 | +94.90 | +3.61% |
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WTI Crude •11 mins | 64.18 | +0.97 | +1.53% |
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Gasoline •13 mins | 1.907 | +0.015 | +0.79% |
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Ethanol •574 days | 2.161 | +0.000 | +0.00% |
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Silver •574 days | 30.82 | +1.16 | +3.92% |
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Silver • 574 days | 30.82 | +1.16 | +3.92% | |
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Copper • 574 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 11 mins | 69.36 | +0.96 | +1.40% | |
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Natural Gas • 11 mins | 3.838 | +0.106 | +2.84% | |
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Heating Oil • 14 mins | 2.564 | -0.102 | -3.82% |
Markets / Other
Technical Market Report
Another rally stalled last week and seasonally, March during the 4th year of the Presidential Cycle, has a spotty record at best. I expect the major indices to be lower…
The Far Too Simple Beauty Of The Promises We've Made
Trajectory, growth, rhythm and magnitude of global credit derivatives expansion is quite like the character we observed above for the US banking system proper. In three short years, global CDS…
Stagflation and the Fed
The classic definition of stagflation is a period of high and rising inflation, which coincides with a recession or very slow growth. Let's look at 10 recent items which have…
No LTCM
Importantly, the nature of systemic liquidity and Credit risks has become a major risk factor working against leveraged speculating. Or, said differently, the Bubble in leveraged speculation has burst.
Like Beauty, the Value of Gold and the Dollar are in the Eye of the Beholder
Everyone has their theory on why the US dollar is sagging - huge deficits, slowing economy, high inflation, artificially low interest rates, subprime issues etc. I am not sure if…
Paper Tiger Preying on Gold Bugs
Friedman's floating exchange rate system has served the U.S. and the world badly. It's been an unmitigated disaster. A return to the regime of fixed exchange rates should be considered…
Will Citigroup Go to the Teens?
Let us just look at Citigroup. The Wall Street earnings consensus is $2.91 for 2008 and $3.66 for 2009. It doesn't look like it is going to happen now. Actually…
No Market Bottom in Sight Yet as the Fed Fails
The Fed has failed to stop the credit crisis and prevent the stock market from correcting again. What this means is that future rates cuts are unlikely to solve the…
Hear Me Now - Believe Me Later
Having neither the will nor the means to confront our major economic challenges, Washington is instead hanging its hopes on words alone.
The Anti-Gold Gospel According to Frieden
Jeff Frieden has been quoted as saying that, if once more on a gold standard, the United States would be unable to respond quickly and effectively to sudden economic shocks...
