"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •586 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •14 mins | 2,099.70 | -16.80 | -0.79% |
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WTI Crude •11 mins | 64.55 | +0.19 | +0.30% |
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Gasoline •11 mins | 1.982 | -0.004 | -0.20% |
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Ethanol •586 days | 2.161 | +0.000 | +0.00% |
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Silver •586 days | 30.82 | +1.16 | +3.92% |
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Silver • 586 days | 30.82 | +1.16 | +3.92% | |
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Copper • 586 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 11 mins | 69.35 | +0.31 | +0.45% | |
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Natural Gas • 11 mins | 3.135 | -0.003 | -0.10% | |
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Heating Oil • 11 mins | 2.400 | -0.017 | -0.70% |
Markets
Why the Greater Depression Still Lies Ahead
The cause of the Great Depression in the 1930's and the Great Recession beginning in 2007 was an overleveraged economy. An overleveraged economy is the direct result of artificially-provided low…
Gold, Stocks and Currencies
We had quite a day on Tuesday. Gold started out getting smashed, then recovered. The recovery may have been due in part to the Stock Indices crashing. Even with a…
Fed Credit, Inflation and the Idiots in the Middle
A whole series of alarms occurred after I got the news, although I lost the source, that "food stamp usage just soared to a new record high" of 40.2 million…
Event Risk
Banks are due to repay to the ECB tomorrow the lusty sum of 442 billion euros, about $540billion at the current exchange rate, which was lent by the ECB last…
Gold, Silver and Austerity versus Growth
We will kick off with a look at gold as she dances and teases her way around the previous record highs in a 'will she or will she not' frame…
A Day Late -- And a 'Flation' Short
Today, for the first time in over 13 months, the bellwether 10-year Treasury note traded with a yield below 3%. At a minuscule 0.60%, the government's two-year paper changed hands…
Perfect-Worlders, Get Real!
Scanning through a local newspaper this week, I came across a letter to the editor that speaks volumes about the popular misconceptions that are dragging this country, and the world,…
Oil Industry Reputation Hit by Gulf Oil Spill, Survey Shows
The Gulf oil spill has hit the reputation not only of BP but of the entire oil industry, including among those who favor increased use of fossil fuels as the…
A Tale of Two Cities - New York vs. Frankfurt
Why the divergence between the interest rates denominated in dollar vs. euros? Part of the explanation might have to do with the Fed's re-activation of dollar swap lines with major…
Gold Price Sizzles As the U.S. Economy Fizzles
Only the generation of millions of private sector jobs producing a legitimately saleable product or service is a reliable indicator to herald real recovery. Unfortunately, the country foolishly embraced an…
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