"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •81 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 961.30 | -20.60 | -2.10% |
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WTI Crude •10 mins | 71.23 | +0.23 | +0.32% |
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Gasoline •10 mins | 2.032 | -0.005 | -0.22% |
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Ethanol •81 days | 2.161 | +0.000 | +0.00% |
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Silver •81 days | 30.82 | +1.16 | +3.92% |
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Silver • 81 days | 30.82 | +1.16 | +3.92% | |
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Copper • 81 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 10 mins | 74.67 | +0.18 | +0.24% | |
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Natural Gas • 10 mins | 2.463 | +0.029 | +1.19% | |
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Heating Oil • 10 mins | 2.175 | +0.013 | +0.62% |
Markets / Other
Daily Elliott Wave Analysis: Trend Lines Met, Technical's are Set - Dollar is Ready to Rally
Gold: My Bias: Long towards 1550. Wave Structure: ZigZag correction to the upside. Long term wave count: Topping in wave (B) at 1500. Important risk events: USD: Treasury Sec Mnuchin…
This Past Week in Gold
Summary: Long term - on major buy signal. Short term - on sell signals. Gold sector cycle is down. A major consolidation is in progress. Holding long for long term…
Unsound Finance
But it's not necessary to ponder the future to see how Unsound Finance comes back to haunt the system. This week the Trump Administration released a broad outline of its…
Stock Market Sentiment, Re-Fueled Along The Way
People are micro-managing the VIX, talking about how it either doesn’t work anymore, if it ever did, or is forecasting extreme doom imminently.
Damn the Deficits, Huge Tax Cuts Ahead!
Donald Trump has made good on one of his most audacious campaign promises by submitting what he describes as the biggest tax cut in U.S. History. For once, at least,…
Looking for Epic Signs? Enter Silver
History repeats itself - maybe not to the letter, but more or less - that's the key principle of technical analysis. This principle is usually utilized by using chart patterns,…
What Happened to the Stock Market Crash Experts Were Predicting
One jackass (oops we mean expert) after another, has been predicting that this market is ready to crash. The problem is that these brain surgeons have been making this argument…
Gold Hostage to Stocks
Gold has had a wild ride since Trump's surprise election win in early November. This metal first plunged then surged, ultimately making little headway. It wasn't until mid-April that gold…
First-Quarter Real GDP 0.7%; Spending Slowest Since 2009: Nowcast Model Needs Serious Work
Econoday and other sources keep touting strong consumer sentiment as if it means something. It's time to throw that idea in the ash can where it belongs.
Aramco Insiders Suggest The Company May Not Be Worth $2 Trillion
Mohammad bin Salman has high hopes for Aramco’s initial public offering but optimism is fading, even within the Saudi government and Aramco itself
