"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •605 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 2,373.50 | +133.90 | +5.98% |
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WTI Crude •1 day | 67.02 | +1.81 | +2.78% |
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Gasoline •1 day | 2.078 | +0.046 | +2.24% |
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Ethanol •605 days | 2.161 | +0.000 | +0.00% |
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Silver •605 days | 30.82 | +1.16 | +3.92% |
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Silver • 605 days | 30.82 | +1.16 | +3.92% | |
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Copper • 605 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 1 day | 72.87 | +2.03 | +2.87% | |
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Natural Gas • 1 day | 2.859 | +0.032 | +1.13% | |
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Heating Oil • 1 day | 2.671 | +0.058 | +2.24% |
Markets
This Past Week in Gold
Summary: Long term - on major sell signal. Short term - on mixed signals. Gold cycle has bottomed and a multi week rally should start soon. We trade according to…
The Many Facets of Roro
Well, just another week at the casino. A Socialist took a giant leap toward the French Presidency. Spanish unemployment jumped to a near-record, a depressionary 24.4%, and S&P downgraded Spain's…
GDP Miss Far Bigger Than Announced; Real GDP is 0% Using More Reasonable Deflator
The Advance Estimate for Q1 GDP came in at 2.2%, down from 3.0% in the previous quarter, and below most mainstream media estimates of 2.5%. However, my friend BC notes…
Getting Out, Part One: Americans Renouncing Citizenship
Capital, like information, wants to be free. The idea that it should be limited to one country has always struck rich people as silly, which is why Swiss bank accounts,…
Q1 2012 GDP Sends Mixed Message
The US economy expanded 2.2% in Q1 2012 versus 3% in Q4 2011 based on the first of three GDP estimates. Forecasts were for 2.5% growth with "whisper" numbers in…
A Return To Real Money
On the night of November 22, 1910 a delegation of the nation's leading financiers, led by Senator Nelson Aldrich, left New Jersey for a very secret ten day meeting on…
The End of the Pier Show
Five years into the global financial crisis so far, and where did zero rates and $5 trillion of money creation get us? To the end of the pier, it seems.
PIMCO's El-Erian: U.S. Economy Having Difficulty Gaining Traction
Bloomberg TV's Betty Liu spoke with Mohamed El-Erian of PIMCO, who said that the Federal Reserve is likely to provide additional assistance if the economy weakens further, but there is…
A Basket of Goodies to Suggest Gold is Set to Break New Highs
Over the past weekend, China announced that they would purchase Iranian oil through sale of gold beyond June 28 2012 in order to get around US sanctions that states no…
Global Gold Supply 3
Ever since the beginning of gold's bull market, this metal's economic balance has come under intense scrutiny. Demand has been on the rise as more and more investors have embraced…
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