"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 •10 mins | 1,572.90 | +6.90 | +0.44% |
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WTI Crude •11 mins | 57.86 | -0.09 | -0.16% |
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Gasoline •15 mins | 1.864 | +0.007 | +0.36% |
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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 | 62.35 | -0.13 | -0.21% | |
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Natural Gas • 11 mins | 4.597 | +0.116 | +2.59% | |
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Heating Oil • 11 mins | 2.345 | -0.009 | -0.39% |
Markets
Is the Tide Turning?
Equities have moved above resistance on an increase in volumes so the tide may be shifting as side-lined cash is being put to work. We still expect an eventual retest…
Nonsense About Gold Backwardation, Ameros,Yuan Devaluations, etc.
Late last week through this weekend I started receiving numerous emails about gold backwardation theories, Amero sightings, Yuan devaluations, and all sorts of other stories that do not stand up…
The Great Treasury Trap...
One of the more unusual manifestations of the financial meltdown this year has been the dollar spike, that caught a lot of traders by surprise, and was generated in part…
The Country is in Recession Yet the Commentariat Still Cannot Spot What is Wrong
The media is not the only place where economic commentary is woeful: Parliament is even worse. Malcolm Turnbull, leader of the Opposition, declared that Australia can avoid recession while maintaining…
Central Banks Vs. Deflationary Spiral
The past two weeks were unprecedented in the size of monetary expansion around the world. World financial authorities have finally realized that the economy is on the edge of a…
Weekly Update
In the bigger picture, not a lot has changed from last week, except that we're getting closer to turning medium term positive as is seen by the circled area, also…
A December Test of the Lows?
Last month I suggested that we should test the 2002 lows before the market could form a good low and we breached them briefly on November 21st. This month we…
A Quick Update to My Primary View
The DOW finished the week right back at the down trend line. And while it's feasible for the markets to continue their consolidation and expand that pattern, I expect the…
Bottoming Process Continues
The bad news didn't end with the headline numbers. October and September were both revised down. October was revised to a fall of 320,000 jobs against the previously reported 240,000,…
The Weekly Report
This week some fool decided the US had been in recession for a year. I hope they don't get paid too much. What I find amusing is that straight away…
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