"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •204 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •15 mins | 980.10 | +9.70 | +1.00% |
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WTI Crude •10 mins | 74.53 | -0.09 | -0.12% |
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Gasoline •11 mins | 2.063 | -0.002 | -0.11% |
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Ethanol •204 days | 2.161 | +0.000 | +0.00% |
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Silver •204 days | 30.82 | +1.16 | +3.92% |
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Silver • 204 days | 30.82 | +1.16 | +3.92% | |
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Copper • 204 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 10 mins | 78.21 | -0.08 | -0.10% | |
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Natural Gas • 14 mins | 3.928 | -0.017 | -0.43% | |
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Heating Oil • 11 mins | 2.479 | +0.007 | +0.29% |
Markets / Other
$3,000,000 for a Cup of Coffee?
The Turkish government never planned for a currency with so many noughts; inflation caused through too much Turkish Lira printing forced this upon them! Last year the exchange rate was…
Pivotal Events
The September 30 "Investors and traders could continue lightening positions into rallies." was appropriate. But considering that the slump into the usual seasonal strength into the turn-of-the-month removed one opportunity,…
Government Gifts & Monty Hall Paradox
Years ago there was a controversy with respect to a game show where the host offers you the opportunity to win what is behind one of three doors. Typically there…
All Trends Down
I remain negative on the broad market. I suspect that the cyclical bull market that began in 2002 ended this year, and the market will trend down into 2006. In…
The Hundredth Monkey
Oddly enough, I've been cheering on a "Marxist Dictator" of late. Not that I'm a no good pinko commie red mind you... no, but I am rooting for Hugo Chavez…
Stock Market: CNBC Report
Last week was a large disappointment for the bulls. The index broke to new highs, and broke above the obvious trendline. Wednesday closed on the high and Thursday closed on…
Dow Theory Then and Now ....
Interestingly, a Dow Theory non-confirmation with the Transports leading and Industrials lagging is quite unusual as most non-confirmations see the Transports fall behind first. We have to go back to…
Silver Market Update & Life After Monetary Catastrophe
The silver-gold ratio may become increasingly more significant, as we are near the end of credit inflation and fiat money becoming a less important measure of precious metals' intrinsic worth.…
Instruments of Deforestation
The pulp fiction of the market rise masks a rising indebtedness and an increasingly fatigued US Consumer, one of two engines of demand and growth we're focused on. Employment, about…
Fannie Mae Under the Gun
For those of us who have been waiting for someone, somewhere to rein in Fannie Mae which we saw as an out of control monster that was distorting the US…
