"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •710 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •15 mins | 1,712.20 | +46.50 | +2.79% |
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WTI Crude •22 hours | 84.88 | -2.83 | -3.23% |
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Gasoline •22 hours | 3.050 | -0.052 | -1.66% |
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Ethanol •710 days | 2.161 | +0.000 | +0.00% |
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Silver •710 days | 30.82 | +1.16 | +3.92% |
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Silver • 710 days | 30.82 | +1.16 | +3.92% | |
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Copper • 710 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 21 hours | 87.33 | -3.05 | -3.37% | |
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Natural Gas • 22 hours | 3.120 | +0.033 | +1.07% | |
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Heating Oil • 22 hours | 3.404 | -0.109 | -3.09% |
Markets
Waist Deep in the Big Muddy
With its announcement this week that it will keep interest rates near zero until at least late 2014, the Federal Reserve has put another large crack into the foundations underlying…
Central-Bank Gold: Joining the Dots
Yes, central banks are holding more gold. But they're holding very much more wood-pulp on top. The gold price on Wednesday broke up through the downtrend starting at last summer's…
The Stock Market and the Dollar Sustain the Bullish Environment for Precious Metals
This week marked the Year of the Dragon in the Chinese calendar, and according to Chinese mythology, Dragon years bring powerful changes and optimism representing imperial power, prosperity and good…
Stocks Thump Yields as Growth Looks On
It is not a new development for US GDP growth to be largely driven by a build- up inventories (+1.9% contribution is highest since Q1 2010) in contrast to weak…
Gold ETF Mass Exodus
Gold is enjoying an awesome January, rallying strongly out of its oversold late-December lows. But last month's hyper-pessimistic sentiment deserves some reflection before it totally fades from memory.
Critical Day
This morning's GDP came in a little weak, putting the markets at a critical point. As promised last week, I'm going to share the first quarter of my 2012 forecast:
Highs, Lows and Fed Days
Major market indices closed at multi-month highs on January 25, 2011 (FOMC announcement session), followed by a (small) pullback on the then following (yesterday's) session.
BofA CEO: Wouldn't Tell Employees to Leave Over Pay
Bloomberg Television's Erik Schatzker spoke to Bank of America CEO Brian Moynihan this morning, live from Davos, Switzerland. Moynihan said that talks to cut employees' pay are "honest and open"…
Counter-Fed Trade...
Thursday's trading was very clearly taken advantage of by sellers and traders looking to put on short positions. We are probably within a week of a more significant sell-off which…
Important Negative Divergences
We can notice that the negative divergence between SP500's price and its RSI remains intact and becomes quite long (1.5months). For sure it can hold on for some time, but…
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