"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •103 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •15 mins | 1,003.20 | -0.90 | -0.09% |
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WTI Crude •10 mins | 71.87 | -1.96 | -2.65% |
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Gasoline •10 mins | 2.066 | -0.042 | -2.00% |
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Ethanol •103 days | 2.161 | +0.000 | +0.00% |
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Silver •103 days | 30.82 | +1.16 | +3.92% |
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Silver • 103 days | 30.82 | +1.16 | +3.92% | |
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Copper • 103 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 15 mins | 77.46 | -1.58 | -2.00% | |
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Natural Gas • 10 mins | 2.484 | -0.010 | -0.40% | |
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Heating Oil • 10 mins | 2.227 | -0.047 | -2.06% |
Markets / Other
Oil Megaprojects Won't Stay On The Shelf For Long
For years, as conventional oil reserves depleted and became increasingly hard to find, oil companies ventured into far-flung locales to find new sources of production. Extracting oil from these frontier…
GBP/USD - Sharp Decline Thru Key Support
GBP/USD has broken the support at 0.9007, invalidating the recent short-term uptrend and suggesting a deeper corrective phase. Next supports can now be found at 1.5140 (06/10/2015 low) and 1.5110…
Obamacare - The Gift That Keeps On Taking
Isn't it interesting the mainstream media makes barely a peep about the ongoing and worsening Obamacare debacle. Healthcare premiums, co-pays and deductibles are soaring, while doctor and plan choices contract…
6-7% Stock Market Pull Back Likely, Gold Still Going Down
The stock market's recent advance has been nothing less than spectacular. Caveat emptor: the rally was mainly in the large cap stocks. The FED's determination to raise interest rates in…
Will A Lagging RSP/Weak Breadth Kill The Stock Rally?
The SP500 is a capitalization-weighted index, meaning larger companies carry a larger percentage weighting. An equal-weighted SP500 Index (RSP) looks at all 500 components equally. Therefore, when RSP lags the…
The Ball of Speculative Money is Not only Fickle it is Diminishing
Resources sectors such as base metals and the oil patch have accomplished somewhat better rebounds. Slipping below the 50-Day moving averages would be unhealthy. As noted a couple of weeks…
Median Inflation vs Mediocre Growth
A reader pointed out to me today a piece by Amy Higgins and Randal Verbrugge on the Cleveland Fed's website entitled "Is a Nonseasonally Adjusted Median CPI a Useful Signal…
Stanley Druckenmiller Syncs with Kitchin Cycle
Cycle and Fundamentals do sync together. Druckkenmiller has the feeling we are closer to the top than the bottom. We enter a risk off or more bearish combination of cycle…
We're All Hedge Funds Now, Part 3: Even The Swiss Are Gambling
Janet Yellen is now firmly in the central banking "whatever it takes" mainstream. And since -- if the ongoing contraction in manufacturing is any indication -- the economy is indeed…
Dow Set To Defy Naysayers and Trend Higher
Fear sells, and like misery it demands company. The so-called crash in August triggered dozens of hibernating bears to emerge from the woodwork. Rested from the last severe beating they…
