"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •583 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •14 mins | 2,099.40 | +28.80 | +1.39% |
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WTI Crude •5 hours | 63.55 | +0.26 | +0.41% |
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Gasoline •5 hours | 1.953 | +0.027 | +1.38% |
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Ethanol •583 days | 2.161 | +0.000 | +0.00% |
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Silver •583 days | 30.82 | +1.16 | +3.92% |
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Silver • 583 days | 30.82 | +1.16 | +3.92% | |
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Copper • 583 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 4 hours | 68.05 | +0.50 | +0.74% | |
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Natural Gas • 5 hours | 3.422 | -0.087 | -2.48% | |
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Heating Oil • 5 hours | 2.413 | +0.020 | +0.84% |
Markets / Other
How is Money Created?
The Federal Reserve Bank of Chicago used to publish a pamphlet entitled Modern Money Mechanics, which explains M1, M2, and M3. It is a truly fascinating read. That pamphlet is…
Another Look at Dow Theory and Cycles
I continue to receive e-mails asking about the 4-year cycle and the ongoing Dow theory non-confirmation. In order to address this topic I have decided that it would be best…
Gold and the U.S. Dollar
look at the next chart shows the U.S. Dollar has formed a Head and Shoulder Top over the past few months. This pattern is technically strong as the right shoulder…
Does the Italian Guy Call the Top??
Much of my work shows that many of the smaller moves from the 2002 low has been based around the 1.618 Fibonacci number. With that said, we must respect the…
Technical Market Report
Short term indicators show breadth deteriorated during last weeks rally. I expect the major indices to be lower on Friday November 17 than they were on Friday November 10.
Honey, I Created A Bubble
We have been told for months that the next interest rate move by the Federal Reserve is dependent upon what the data tells us prior to each meeting. If the…
Monetary Developments vs. Monetary Aggregates
A major problem with the current monetary boom - the "Moneyness of Credit Bubble" - is the enormous and widening gulf between the markets perception of safety and liquidity and…
Precious Points: Bull in a China Shop
The early part of the week saw the metals come under pressure from a strong economic outlook based on the strong payroll report, increased borrowing, and a shrinking trade deficit,…
Don't Bet on Gridlock
Now that the Democrats have likely taken control of both houses of Congress, some on Wall Street are cheering the return of government ?gridlock.? The idea is that in a…
Market Update: Are We There Yet?
Once again the market gapped up on Monday and never looked back. With the bears chasing it all the way into the close, the day was up a whopping 15…
