"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •513 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 1,685.00 | +98.80 | +6.23% |
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WTI Crude •11 hours | 58.55 | -0.10 | -0.17% |
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Gasoline •11 hours | 1.822 | -0.006 | -0.32% |
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Ethanol •513 days | 2.161 | +0.000 | +0.00% |
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Silver •513 days | 30.82 | +1.16 | +3.92% |
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Silver • 513 days | 30.82 | +1.16 | +3.92% | |
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Copper • 513 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 11 hours | 62.38 | -0.49 | -0.78% | |
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Natural Gas • 11 hours | 4.850 | +0.292 | +6.41% | |
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Heating Oil • 11 hours | 2.303 | +0.003 | +0.13% |
Markets / Other
Bank of England Chief Economist Says '80 million US and 15 million UK Jobs to be Taken Over by Robots'
Bank of England's chief economist Andy Haldane joined the worry over robots parade. Eighty Million US Jobs at Risk from automation says Haldane.
Retail Earnings Disaster Points To Gathering Storm
The big retail chains are generally seen as pretty good barometers of the health of "the consumer." And since -- in today's late-cycle debt-binge pseudo-capitalism -- the consumer drives the…
Christmas Bonus Indicator: Turning Negative
The Broker-Dealer Index (XBD) is where the wonders of financial engineering take place. When the sector is soaring, bonuses have been outstanding. When it is in a distinctive decline bonuses…
Schäuble Accuses Merkel of 'Careless Actions' Warns Germany Faces 'Avalanche' of Refugees; Reckless not Careless
Wolfgang Schäuble, Germany's finance minister, and someone of high enough ranking to actually matter, has had enough of chancellor Angela Merkel's reckless refugee crisis. In his second attack on Merkel…
Even Small, Well-Run Countries Can't Escape The Currency War
The old saying "When elephants fight, the grass gets trampled" captures perfectly the dilemma of the world's non-superpowers. From Brazil to Thailand to non-eurozone Europe, the currency war raging between…
Aussie Jobs Soar, but Capex far from Done
It's not the first time an Australian jobs report shows employment growth rise five times more than expected. Whether it will be revised downwards or not, it is undoubtedly reflecting…
Gold: House of Cards
Everything is rosy, or is it? The Dow is flirting with 18,000 again but stocks are overvalued. Positive economic news is not so positive because it means that the Fed…
Wednesday Report...The Chartology of Deflation
Tonight I would like to update some of the charts on the possible inflection point we looked at about three weeks or so ago. That possible inflection point is still…
USD Index: Bullish Momentum Is Expected To Continue
USD index is definitely ready to reach new highs soon after another sharp move up last week which looks like a continuation within impulsive wave (3). As such current type…
USD/CAD - Bearish Consolidation
USD/CAD is heading slightly downwards but the pair remains in an upside momentum. Resistance can be found at 1.3318 (06/11/2015 high). Significant supports stand at 1.2949 (Fibo 38% retracement level).…
