"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •563 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 2,322.70 | -87.20 | -3.62% |
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WTI Crude •22 hours | 59.34 | +0.26 | +0.44% |
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Gasoline •22 hours | 1.785 | +0.001 | +0.08% |
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Ethanol •563 days | 2.161 | +0.000 | +0.00% |
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Silver •563 days | 30.82 | +1.16 | +3.92% |
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Silver • 563 days | 30.82 | +1.16 | +3.92% | |
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Copper • 563 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 21 hours | 64.13 | +0.37 | +0.58% | |
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Natural Gas • 22 hours | 3.103 | -0.025 | -0.80% | |
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Heating Oil • 22 hours | 2.238 | +0.029 | +1.33% |
Markets / Other
Gold is Not Money
Gold was money in the distant past and it will probably be money in the distant future, but there is no developed economy in which gold is money today. In…
GBPCAD Short-Term Elliott Wave Analysis
Best reading of the cycle suggests that rally to 2.057 ended wave X. From this level, the pair resumed the decline in wave ((w)) as a double three structure wxy…
Gold - Rising Sharply
Gold still has to gain momentum. Hourly resistance is given at 1156 (24/09/2015 high) and at 1168 (24/08/2015 high). Hourly support can be found at 1093 (12/08/2015 low). Stronger support…
Economists Chase Tails and Tales, Cut GDP Estimates Again
In the wake of recent economic data, economists at the IMF and Deutsche Bank lowered their growth estimates. Like a dog running in futile circles hoping to catch its tail,…
Barry Diller: 'If Trump doesn't fall, I'll either move out of the country or join the resistance'
Barry Diller spoke with Bloomberg's Erik Schatzker about Donald Trump, the state of the TV industry, Tinder, Jack Dorsey and more at the Bloomberg Markets Most Influential Summit in New…
Recession Won't Be Fun...But Better than Last Time
Yesterday, I mentioned the likelihood that a recession is coming. The indicators for this are mostly from the manufacturing side of the economic ledger, and they are at this point…
Gold: October High
Gold lost $8.90/oz. last week to close at $1,137.10 but on Friday printed an engulfing bullish candlestick. Gold gained $22.90 on Friday marking last week's expected cycle low and closed…
Silver and The Bond Market Collapse
Debt is at the root of money creation in this debt-based monetary system. In fact, as the name suggests, money is debt in this system. Historically, instead of debt as…
Inflation: Silver Leads and Gold Follows
When combined with rate cuts, QE becomes a deadly deflationary cocktail. Banks have no incentive to make loans, and T-bonds become the asset of choice. The T-bond money is squandered…
Stand!
Reader Dean emailed me today in response to a couple of recent articles I wrote regarding US policy in Syria. Dean disagreed with the tone of my articles, stating a…
