"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •672 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •19 mins | 2,082.80 | +20.20 | +0.98% |
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WTI Crude •14 hours | 89.83 | -12.44 | -12.16% |
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Gasoline •14 hours | 3.324 | -0.297 | -8.20% |
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Ethanol •672 days | 2.161 | +0.000 | +0.00% |
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Silver •672 days | 30.82 | +1.16 | +3.92% |
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Silver • 672 days | 30.82 | +1.16 | +3.92% | |
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Copper • 672 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 14 hours | 98.33 | -11.54 | -10.50% | |
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Natural Gas • 14 hours | 2.720 | -0.068 | -2.44% | |
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Heating Oil • 14 hours | 3.612 | -0.418 | -10.38% |
Markets
US Dollar to Fade As Gold Heads Higher
One of the key technical signals we were looking for in anticipation of a new major rally in gold was a close above the 50 day moving average. Well, last…
Stocks Down, Bonds Up as Risk Aversion Creeps into Markets
U.S. Equity markets are under pressure this morning as sellers showed up after Japan reported a weak GDP figure. Treasury Bonds are trading higher in response to the possibility of…
Bears Maintain Control...
Friday's trading action saw very light volume for the major index ETFs as well as U.S. exchanges. The Dow remains stubbornly above its 50-Day Moving Average (DMA) while all the…
President Obama's Nightmare Economy
Sometimes it pays to keep flogging a dead horse. In this instance the horse is Obama's destructive economic policies. Before he was even elected I predicted that as president he…
Technical Market Update: Fine Lines!
The past week produced declining action for the U.S Stock markets, Oil and the Euro and in last Sunday's update many were waiting for the start of last week to…
Honest Money Gold and Silver Report: Market Wrap Week Ending 8/13/10
Stocks had a tough week losing almost 4%. This correction has changed the short term trend from up to down. Now it remains to be seen if the July lows…
The Recent History of the Future of Gold
Viewed from a larger perspective what I believe we are seeing is the return of gold to the asset allocation process after an absence of over a generation. This is…
The Low-Interest-Rate Trap
Obviously we're once again solving a near-term problem by creating a much bigger one a few years down the road. What happens to retirees when their savings and pension funds…
Turning Points
Did the resumption of the intermediate down-trend come two weeks early? There are indications that it did! There was never a question that the rally which started in early July…
No August Surprise, Just a Modern Day Jubilee Debt Collapse
We are in unchartered waters with the Obama Administration, and mortgage debt forgiveness sponsored by the government and paid for by taxpayers is more than most could stomach. Nevertheless, a…
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