"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •676 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •20 mins | 2,044.20 | -15.10 | -0.73% |
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WTI Crude •11 mins | 99.05 | +3.63 | +3.80% |
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Gasoline •11 mins | 3.595 | +0.068 | +1.94% |
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Ethanol •676 days | 2.161 | +0.000 | +0.00% |
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Silver •676 days | 30.82 | +1.16 | +3.92% |
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Silver • 676 days | 30.82 | +1.16 | +3.92% | |
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Copper • 676 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 11 mins | 104.52 | +3.23 | +3.19% | |
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Natural Gas • 11 mins | 2.794 | +0.037 | +1.34% | |
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Heating Oil • 11 mins | 3.989 | +0.090 | +2.30% |
Markets
This Past Week in Gold
Summary: Long term - on major sell signal. Short term - on buy signals.
Ponzi Bank Financing of 'Wealth Management Products' in China Backed by Dubious Real Estate Projects; 'Golden Elephants', Poway, and Pay Option ARMs
Top Chinese banks are involved in Ponzi financing of investment deals, offering interest rates over 7% to depositors, to finance real estate projects gone bust and other projects whose assets…
Investing Wisely - Exxon Mobil: Forecasts / Confirmations = Profitable Results!
General Market: My fundamentals are over-valued. My technicals are over-bought. My consensus opinions are much too bullish. The economies of the world are in much more peril than is being…
The State of the Trend
SPX: The more optimistic target, should the analogy be complete, is 1530 by the end of 2012. However, thus far the current rally is following a less aggressive growth path,…
Technical Market Report for August 11, 2012
The market is overbought and some of the breadth indicators weakened last week. I expect the major averages to be lower on Friday August 17 than they were on Friday…
The Dog That's Not Barking
European economies are spiraling downward, and I expect economic activity to remain largely impervious to monetary stimulus. I don't believe the Draghi Plan will reverse the crisis of confidence in…
Water, Endangered Global Resource
Our groundwater is being used up at record rates and claims to ownership are becoming increasingly contentious. It won't be long before the first water war begins. There's a lot…
Most Eastern Utility Stocks Are Overvalued - Part 4
This is our fourth and final installment on assessing the relative valuation of utility stocks today. Our first installment part 1 looked at utility stocks in general. In part 2…
Gold's 'Fearless' Summer Turnaround
When does a precious metal known for feeding off investors' fears need the opposite of fear to move higher? Answer: Right now! Austin Kiddle, an analyst with bullion broker Sharps…
The Other Side of the Sanctions
Iran has been pushed into a corner and is fighting for its life. The safest weapon in its arsenal is an economic strategy; and it is the one point where…
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