"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •148 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 943.70 | +11.90 | +1.28% |
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WTI Crude •10 mins | 69.09 | +0.37 | +0.54% |
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Gasoline •10 hours | 1.973 | -0.000 | -0.02% |
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Ethanol •148 days | 2.161 | +0.000 | +0.00% |
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Silver •148 days | 30.82 | +1.16 | +3.92% |
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Silver • 148 days | 30.82 | +1.16 | +3.92% | |
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Copper • 148 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 30 mins | 73.21 | -0.07 | -0.10% | |
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Natural Gas • 10 mins | 3.301 | +0.097 | +3.03% | |
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Heating Oil • 9 hours | 2.210 | +0.007 | +0.30% |
Markets / Other
Money Supply and the Presidential Election
Here lies the answer: the Fed wants to install a Democrat into the White House this fall in order to keep inflation from getting out of hand. Democrats are known…
"Divergence Watch!"
The Transports have stalled at the "magical" 50% retracment level. This will definitely send the Dow Theorist / Bear Chartists into a frenzy of market calls. Personally, I see this…
Market Commentary
I find the current situation rather alarming, as it would seem that the fundamentals are no longer important to this market. It no longer matters that jewelry demand is falling…
Technical Market Report
Last Wednesday the DJIA and S&P500 both hit new cycle highs that were unconfirmed by the small cap indices. This is part of the pattern that defines cycle tops. What…
A Short Primer on Cycles in the Current Market
Economists are always referring to the business cycle. A normal business cycle usually lasts from 42 to 54 months. We do note that it can of course be shorter or…
The Bond Uncertainty Principle
Total return includes interest and the increase/decrease in the value of the bond. Remember, bond values increase as interest rates drop and decrease as interest rates rise. Thus, much of…
Simply Not Credible
To make matters more interesting, this (specious) testimony follows on the heels of a G7 meeting where there was clearly no meeting of the minds on how to deal with…
The New Growth Euphoria
In principle, economic growth can have two flagrantly different sources: first, sound fundamentals making for self-sustaining and self-accelerating economic growth; and second, artificial monetary and fiscal stimulus. But since both…
Trading the BPI Reversals
The BPIs are particularly useful because they illuminate subtle trends underneath the surface of a major index that are not readily apparent from its headline numbers. If a stock index…
Free Elections in Iraq
An inexhaustible source of conflict undoubtedly will be the country's oil, the main source of Iraqi wealth. Our sense of justice calls for a return of the property to the…
