"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •15 mins | 2,334.90 | +3.70 | +0.16% |
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Platinum •15 mins | 967.40 | +2.50 | +0.26% |
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WTI Crude •10 mins | 78.74 | +0.26 | +0.33% |
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Gasoline •10 mins | 2.587 | -0.002 | -0.06% |
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Ethanol •1 hour | 2.161 | +0.000 | +0.00% |
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Silver •15 mins | 27.70 | +0.09 | +0.31% |
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Silver • 15 mins | 27.70 | +0.09 | +0.31% | |
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Copper • 15 mins | 4.608 | -0.007 | -0.15% | |
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Brent Crude • 1 hour | 83.33 | +0.37 | +0.45% | |
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Natural Gas • 13 mins | 2.201 | +0.006 | +0.27% | |
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Heating Oil • 11 mins | 2.470 | +0.009 | +0.35% |
Markets / Other
Dear (sweet) Oil
Markets have character. Our job is to spot it. Sometimes they are deceptive and sometimes they are very revealing. This is the objective of technical analysis, and it differs with…
The Enemy Within
Allow me to summarize our position on world monetary affairs by saying that there is no economy that has ever needed, needs, or will need, the Federal Reserve System. We…
V-Loss-ity
I'd like to say that it has nothing to do with the catastrophic events of last week, but it wouldn't be 100% true. It is true that we felt the…
Why is it So Hard to Stay Free?
When wealthy people become influential and are one day faced with the prospect of economic loss they are apt to betray the free market regardless that it may have helped…
Hot Air and Voodoo Economics
Wanniski - Deflation is when fiat money becomes scarce relative to gold, the best proxy for real goods. When the dollar began its deflation in 11/96 from the $385 level…
Memo To: Jude Wanniski
With all due respect, a concept of yours with which I have grave difficulty is the idea of monetary deflation. Your use of the term is simply incorrect. A monetary…
Fool's Gold
It is the stuff that central banks create on top of a small quantity of real gold and it is ironic that by beating up the gold sector, today's paper…
Bear Ambush
Will he, or won't he and if he does, which he will at some point, by how much? We are talking about Mr. Greenspan and interest rates, if you haven't…
Inflation Paradox - Full Version
Bloody well right it's manipulation! And it is nothing new to us. In fact, allowing the Yen to weaken really means "submitted to the political pressure by helping it weaken,"…
Goodbye Stock Market Economy...
Global stock prices continue to fold, and generally yield to the bearish case. This week it was a bad earnings report from 3M (citing the strong dollar), followed by Amex…
