"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •584 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •15 mins | 2,099.40 | +28.80 | +1.39% |
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WTI Crude •1 day | 63.55 | +0.26 | +0.41% |
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Gasoline •1 day | 1.953 | +0.027 | +1.38% |
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Ethanol •584 days | 2.161 | +0.000 | +0.00% |
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Silver •584 days | 30.82 | +1.16 | +3.92% |
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Silver • 584 days | 30.82 | +1.16 | +3.92% | |
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Copper • 584 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 1 day | 68.05 | +0.50 | +0.74% | |
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Natural Gas • 1 day | 3.422 | -0.087 | -2.48% | |
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Heating Oil • 1 day | 2.413 | +0.020 | +0.84% |
Markets
Trading Lessons From the 1998 Russian Debt Default
When the Russian crisis struck I began to short heavily and made some remarkable gains for a time. In the end all my profits and my capital evaporated in the…
U.S. Housing Data Spurs Late Gains in Oil Prices after Mixed Week
After languishing most of the week, crude oil prices galloped to the finish line on Friday, tacking on 1.7% and recouping most of last week's losses as positive new-housing sale…
The Drama Isn't Over
I am not sure what game it is that equity investors are watching. Overnight, Greece formally asked for aid from the EU and the IMF. Stocks rallied, I suppose on…
Goldman Sachs Charged With Fraud: Who Could Have Guessed? Part III
Finance led the way down in 2007; so we shouldn't be surprised by its apparent willingness to do so again. ... This time however, the decline will be a third…
Goldman, Gold, And Dollar's Influence on The Price of The Yellow Metal
When gold declined last Friday we were not caught by surprise and neither were our Subscribers. Based on our technical analysis, we gave you a heads up two weeks ago…
How the Banks Print Their Money
Gosh! Banks print money, bleeding tax-payers and savers for ink...
To Peg or Not to Peg?
What strikes me as particularly dangerous is that no one, not even the Chinese, appear to understand these fundamental dynamics. All of the Shanghainese with whom I spoke last week…
Will Gold be Bolstered by the Goldman Sachs Fraud Case?
Initially the gold price fell on the news of the S.E.C. civil fraud charge against Goldman Sachs in the belief that both they and Paulson's hedge fund would have to…
We're All Comrades Now
So, how does a government spend like a drunken casino jackpot winner, without actually winning the jackpot? And do so, while simultaneously having interest rates fall to the lowest level…
A Letter To Chairman Bernanke
The current and future liabilities of the US Government were created by Congress and past Presidential administrations, not by the Federal Reserve. In the past, both you and the Federal…
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