"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •510 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •15 mins | 1,574.50 | +8.50 | +0.54% |
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WTI Crude •11 mins | 57.96 | +0.01 | +0.02% |
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Gasoline •11 mins | 1.868 | +0.011 | +0.58% |
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Ethanol •510 days | 2.161 | +0.000 | +0.00% |
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Silver •510 days | 30.82 | +1.16 | +3.92% |
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Silver • 510 days | 30.82 | +1.16 | +3.92% | |
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Copper • 510 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 11 mins | 62.43 | -0.05 | -0.08% | |
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Natural Gas • 11 mins | 4.594 | +0.113 | +2.52% | |
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Heating Oil • 11 mins | 2.346 | -0.008 | -0.32% |
Markets
Intermission
Major stock averages have retested their 2002 lows, oil hits the 40 dollar mark and the dollar weakens. Does this now mean that it's over? Has the bear market run…
Technical Market Report
Although most of the major indices were up last week there was very little strength in the short term indicators. I expect the major indices to be lower on Friday…
Some Things That Just Should Not Be
There are things in today's markets that are simply astounding. They should not exist, yet they do. Why should US bills trade at negative interest? How can oil be trading…
We're All Steeler Fans Now
The biggest slump in U.S. consumer spending since 1942 will extend the recession and push the jobless rate to the highest level in a quarter century, according to economists surveyed…
The Dollar, Gold, Oil and Bonds
We were one of the first to turn bullish on the dollar, but even then we stated this rally would not last forever and the close below 85.50 is the…
Playing Dollar Weakness and Silver Strength
The seven-week sideways coil pattern in the daily chart of the Euro/$ resolved itself to the upside earlier this week. The ability of the Euro/$ to hold Thursday's gains amidst…
The Credit Crunch, Close Up and Personal
Within the last year, the true extent of the real estate debacle and ensuing credit crisis in the United States has become blatantly obvious. But now there is a new…
The End of the Credit Line (or, The Trouble with Gold, Part III)
...To stay ahead of inflation, don't beg for a raise. Just borrow the money instead...!
A Nightmare Before Christmas
Like many pragmatic economists I have always warned that rapid expansions of government debt would result in inflation and higher interest rates. The explanation was always simple: rising supply of…
Stock Panic Volatility
If it is not already happening, someday soon some entrepreneur will start selling t-shirts proclaiming "I Survived the Great Stock Panic of 2008". The last few months' market action has…
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