"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 •17 hours | 58.55 | -0.10 | -0.17% |
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Gasoline •17 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 • 17 hours | 62.38 | -0.49 | -0.78% | |
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Natural Gas • 17 hours | 4.850 | +0.292 | +6.41% | |
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Heating Oil • 17 hours | 2.303 | +0.003 | +0.13% |
Markets
Read Between the Lines and Know the Real Facts, or Risk Being Deceived
Was it misleading to make things appear as if they were wonderful? Or, was it a good thing to show the optimistic side? Our thinking is that "enough of the…
Drinking Until the Economy Looks Good
I am particularly sensitive to losses in total jobs, having lost my own job so many times, and ALMOST lost it many times before that, since I seem to always…
June Pending Home Sales - More Evidence that the Trough in Sales Is Behind Us
Signed contracts on sales of exiting homes increased 3.6% in June after an upwardly-revised 0.8% increase in May. The June data marks the fifth consecutive monthly increase in pending home…
Its Only Castles Burning
And if you get enough of these paper castles burning, eventually you will end up with a four-alarm fire. Undoubtedly that's exactly where we are heading eventually. It's only a…
"Bubble-Mania" in Shanghai Spreads to Global Markets
Industrial commodities, often viewed as barometers for global economic trends, have also moved sharply higher. So far this year, copper has soared by +96%, nickel is up 62%, and zinc…
Their Pocket or Our Pocket
According to the FT article, a former official of the US Treasury and the Fed said the situation had reached the point that "everyone games them. Their transparency hurts them.…
Focus in Forex Markets May Shift Toward Central Bank Activity
Today's better than expected manufacturing reports from China, the Euro Zone, the U.K, and the U.S. seem to indicate that investors have accepted the possibility that the global economy may…
Getting Some Things Straight Regarding China
The conventional wisdom has it that the massive foreign currency reserve held by China's government is primarily due to the US trade deficit, and that the US economy will be…
The Home Construction Depression and Its Aftermath
A key question going forward for the economy and GDP: When will we recover from the home construction depression and at what rate?
We are Witnessing a New Renaissance, and Gold is Ready for $1,000/oz
In the first quarter of 2009, we reached the climax of US banking collapse. Global central banks hurried to apply fiscal and monetary stimulus, including unconventional "Quantitative Easing", which entailed…
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