"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •513 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 1,685.00 | +98.80 | +6.23% |
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WTI Crude •18 hours | 58.55 | -0.10 | -0.17% |
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Gasoline •18 hours | 1.822 | -0.006 | -0.32% |
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Ethanol •513 days | 2.161 | +0.000 | +0.00% |
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Silver •513 days | 30.82 | +1.16 | +3.92% |
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Silver • 513 days | 30.82 | +1.16 | +3.92% | |
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Copper • 513 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 18 hours | 62.38 | -0.49 | -0.78% | |
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Natural Gas • 18 hours | 4.850 | +0.292 | +6.41% | |
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Heating Oil • 18 hours | 2.303 | +0.003 | +0.13% |
Markets
"Experts" Never Learn
There is an inexplicable, but somehow widely held, belief that stock market movements are predictive of economic conditions. As such, the current rally in U.S. stock prices has caused many…
Rally In The Dollar Doesn't Change Trend
The European Central Bank met yesterday to discuss current interest rate policy and its economic outlook for the near future. Its choice was to leave interest rates unchanged citing that…
Bullion Regains Its Glitter
Is gold bullion coming back to life? Should one read anything into the rise of 6.2% (+$56) since the yellow metal's low of early July?
Dollar Closes Weaker in Choppy Trade
Today's trading in the Forex markets featured choppy, two-sided trading. Early in the New York session the Dollar strengthened as a pair of bearish U.S. economic reports sent the Dollar…
Gold, Silver, Oil and Nat Gas Technical Update
This week commodities have been moving higher which is exciting. Gold, silver, oil and natural gas all have bullish looking daily and intraday price action. Monday we saw commodities spike…
Climate Change
The point of the essay was that the mania about "Global Warming", which had morphed into "Climate Change", was another example of intellectuals getting excited about personal revelations about a…
The Thrill of a Lifetime?
Looking ahead, there is a $3.4 trillion commercial mortgage problem due to face the banks in September. This most sobering prospect, combined with the various pressures on consumers, would appear…
GDP Fallacy, Do Governments Willfully Mislead People?
To illustrate the idea of why GDP is a poor gauge of well being in a country consider this example for a moment. In the US, any money spent to…
Gold v. Currencies
Two other factors in gold's favor that have been discussed in this blog over the past 4 months are: 1) the Dollar has a high likelihood of unraveling (and it…
The FDIC Is in Trouble
Since the Great Depression, a period marked by widespread runs on banks, the FDIC has done a good job of fulfilling its mandate. So how are they doing in this…
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