"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 •14 mins | 1,566.50 | +0.50 | +0.03% |
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WTI Crude •11 mins | 57.90 | -0.05 | -0.09% |
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Gasoline •14 mins | 1.855 | -0.002 | -0.11% |
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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 | 62.44 | -0.04 | -0.06% | |
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Natural Gas • 11 mins | 4.508 | +0.027 | +0.60% | |
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Heating Oil • 14 mins | 2.360 | +0.006 | +0.25% |
Markets
Summary
We now have a downward trend channel with approximately a 150-point range from 1275 - 1125. Given the exuberance today, if we can get above 1275 next week, that'll be…
Congressional Leaders Stunned That Bernanke Finally Admits The Truth
Congress was stunned because Bernanke finally admitted the truth (or at least came closer to doing so). Congress ought to be reading blogs rather than listening to clowns like Paulson…
Sound Trading Tactics Capture Wild Market Swings
Despite the otherwise contrived appearance of manipulation and intervention, authority puppets in wishful control alongside the resultant manic price-action displayed, are merely following larger degree Elliott Wave scripts to a…
A Day of Rest
So, with all the government interference surrounding the close of another options expiration week, we see the litany of political leaders, standing proudly in support of the US Treasury's actions,…
Paulson Goes All In
When the U.S. government owns all mortgages, the real estate market will be completely subject to political, rather than financial, concerns. Will foreclosures be outlawed? Will loan term easements and…
Junior Mining Stock Crisis
This junior crisis is serious, and has all kinds of sentimental and fundamental implications. On the former front, will stock traders wholesale abandon junior mining since it continues to obliterate…
Mexico and US Industrial Production: Joined at the Hip
Now, a mutual slowdown in IP such as this would not be a problem if one-quarter of Mexico's economy was not industry-based. But it is. In sum, when one-quarter of…
The Risk Of Loss Of Investment Principal Rises As Bankers Add Liquidity To Markets
The Ted Spread is a metric of liquidity. The fact it blew sky high to 3.02 yesterday and rose today to 3.13, relates that money and cash has gone out…
When Blatant Government Market Manipulation Won't Help You... The Run on Morgan Stanley
Note to Commissioner Cox: You have doomed the last two independent investment banks. Congratulations. By actually trying to directly manipulate the US capital markets by literally banning the short selling…
Merk Market Outlook: Potential Economic Fallout From Credit Crisis
The events of the past seven days have altered the shape of the market and will impact the economy going forward. The current financial crisis reflects the failure of firms…
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