"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •201 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 962.30 | -3.20 | -0.33% |
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WTI Crude •19 mins | 77.43 | -0.45 | -0.58% |
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Gasoline •27 mins | 2.114 | +0.001 | +0.07% |
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Ethanol •201 days | 2.161 | +0.000 | +0.00% |
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Silver •201 days | 30.82 | +1.16 | +3.92% |
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Silver • 201 days | 30.82 | +1.16 | +3.92% | |
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Copper • 201 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 10 mins | 80.14 | -0.01 | -0.01% | |
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Natural Gas • 10 mins | 3.806 | -0.142 | -3.60% | |
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Heating Oil • 10 mins | 2.613 | -0.008 | -0.31% |
Markets / Other
Turning Points
The market is at a critical juncture. If it breaks through to the up side, a substantial move can take place immediately, as all the cash which has been accumulating…
The ARMS Trade
Let's get some historical perspective. From 1981 through 1989, a table buried in a lengthy Harvard study tells us that ARMs were an average of 44% of total new mortgages,…
The Mortgage Finance Bubble
As we appreciate, Asset Bubbles are Always and Everywhere a Credit Phenomenon, and to ignore Credit and speculative dynamics is to invalidate one's research and pontification on the subject. I…
SPX Volatility Extinctions 2
Absolute interday volatility is calculated by subtracting yesterday's SPX close from today's and dividing the difference by yesterday's close. An absolute value is applied to this quotient to ensure all…
Gold & Miscellaneous Rambling
The nine year cycle is a fascinating observation that certainly presents many statistical "knowns'" in black and white. The second seasonal advance, following the 431 ST top, at 433 was…
Gold - The Weekly Global Perspective
The market price of gold narrowed and narrowed into a tighter and tighter range, looking like it wanted to go higher, but banged its head, just below $400. Then, it…
Book Review: Beating the Business Cycle
With this new-found obsession with the condition of the economy, America has been slowly educated in the realities of the business cycle. Many fell victim to the heavy downturn, first…
Memo to Richard Russell: On the Margin Baby
This would suggest that as money supply grows there is about a 45% chance that the yield curve is flattening, or that as the yield curve steepens there is a…
Does Leverage Matter?
It is easy to conclude that based on anecdotal evidence along with economic data that each of these conditions exist in the current housing market. Bernstein's latest report focuses on…
The Big Blue - Contrasting Values
It is troubling to observe the path Alan Greenspan, Chief Central Banker, has taken since his appointment to Chairman of the Federal Reserve. Some would suggest he has been corrupted…
