"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •511 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 1,598.90 | +32.90 | +2.10% |
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WTI Crude •11 mins | 58.58 | +0.63 | +1.09% |
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Gasoline •30 mins | 1.894 | +0.037 | +1.99% |
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Ethanol •511 days | 2.161 | +0.000 | +0.00% |
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Silver •511 days | 30.82 | +1.16 | +3.92% |
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Silver • 511 days | 30.82 | +1.16 | +3.92% | |
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Copper • 511 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 11 mins | 63.05 | +0.57 | +0.91% | |
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Natural Gas • 11 mins | 4.614 | +0.133 | +2.97% | |
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Heating Oil • 16 mins | 2.326 | -0.028 | -1.18% |
Markets
On Transparency of the Fed
This week the Federal Reserve responded to the American people's increased concerns over our monetary policy by presenting new initiatives aimed at enhancing the Fed's transparency and accountability. As someone…
Theres only One Cure for a Depression
In contrast with a depression, a recession is relatively easy to bring to an end. The genesis of a recession is caused by excessive credit creation on the part of…
Investor Sentiment: Same Story, Different Week
For the 12th week in a row the "dumb money" indicator remains neutral on the markets, and the "smart money" indicator has had one moderately bullish reading over the past…
On Nationalizing the Banks
Clearly the market is worried that the subordinated debt of weaker institutions may be repudiated in bank nationalization. On Wednesday 5-year protection on Citicorp's subordinated debt jumped to LIBOR plus…
Dark Clouds Gather as Obama Spooks the Markets
It is self-evidently true that markets drop during recessions just as production does. But there is something else going on here. The straightforward link between recession and declining markets is…
Citigroup Begs To Be 40% Nationalized
Citigroup is in deep trouble. Its share price is $1.95 and the market is recognizing what I said a year ago: "Citigroup Is Insolvent". Of course it is not just…
Update of the SP 500 Index and the US Dollar Index
On Tuesday, the S&P 500 Index swooped below 805 like a hot knife through butter, but a lack of follow through yesterday suggests the alternate count for the S&P 500…
Turning Points
There is some ambiguity concerning whether or not a short-term low was made last Friday, or if it will come early this week ... Signs are growing that we are…
Gold Double Top?
The main question for precious metals investors this week is whether gold is about to form a massive double top. If we pull up the gold chart we have shown…
The Grand Experiment and the Catastrophic Flaw
President Obama and Co need to engender a credible expectation that a deflationary depression can be avoided. This is no easy task and it requires careful planning and almost perfect…
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