"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •508 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 1,549.50 | +25.30 | +1.66% |
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WTI Crude •11 mins | 58.20 | +0.14 | +0.24% |
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Gasoline •11 mins | 1.891 | +0.008 | +0.42% |
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Ethanol •508 days | 2.161 | +0.000 | +0.00% |
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Silver •508 days | 30.82 | +1.16 | +3.92% |
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Silver • 508 days | 30.82 | +1.16 | +3.92% | |
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Copper • 508 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 11 mins | 62.69 | +0.13 | +0.21% | |
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Natural Gas • 11 mins | 4.519 | -0.061 | -1.33% | |
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Heating Oil • 11 mins | 2.401 | -0.055 | -2.25% |
Markets
Bears Halt The Advance...
While the major indexes closed flat to modestly higher, the canaries all sold off modestly and other equity indexes closed either side of flat. Volume lightened a bit but this…
Greenspan in China: Not the Opera (Yet)
Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession has been translated into Chinese. Professor Fan Zhiqiang at Fudan University…
Peak Pollution: China Aims For The Top So It Can Go Down
City-dwelling Chinese may still be choking on smog, but amid all the haze, China may turning a corner in its fight on pollution. Top Chinese officials have hinted at the…
Expectations
As the morning sets up, we continue to see stock markets holding up, oil up near highs and gold starting to initiate a move. But as for stocks, our measure…
USD/CAD: Monitor The Support at 1.0891
USD/CAD is weakening. However, the potential medium-term base formation and the short-term falling wedge favour a bullish bias. Monitor the support area between 1.0891 and 1.0875. Resistances can be found…
GOLD Elliott Wave Technical Analysis
Movement above 1,257.96 invalidated the main hourly wave count and was allowed for in the alternate wave count, but the structure was incorrect. I still have the same two wave…
The 'Least Loved' Bull Market Becomes Euphoric
After nearly six years of unprecedented intervention by the world's top central banks, the world's financial markets are hopelessly broken. What used to be accepted as market gospel and guided…
Forex Trading Alert: EUR/USD - Currency Bears in Charge
Today, the common currency continued to move lower against the greenback as Treasury yields in the U.S. continued to rise. In reaction to this, EUR/USD declined below 1.3600 and reached…
The Summer Sell-Off Scenario
One of the most salient features of the market environment of recent months is the evolution of investor psychology. From March through May, stocks experienced a classic internal correction in…
Dr. Copper
In March I wrote two columns about copper. On Friday, March 7 copper broke support at 3.20 and in my column, the following Monday, I wrote that my price target…
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