"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 | 1,564.00 | -2.00 | -0.13% |
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WTI Crude •11 mins | 58.02 | +0.07 | +0.12% |
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Gasoline •18 mins | 1.861 | +0.004 | +0.19% |
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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 | 62.56 | +0.08 | +0.13% | |
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Natural Gas • 11 mins | 4.517 | +0.036 | +0.80% | |
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Heating Oil • 24 mins | 2.375 | +0.021 | +0.90% |
Markets
Will it be a Dark Cloud or Silver Lining Day Today?
A VIX level above 30 has been an important number this year. On 3 occasions, January, March, & July, the VIX closed above 30 and that marked a short term…
I Won't Say I Told You So, Again
The one-two punch of Lehman bankruptcy and AIG downgrades and potential bankruptcies stand to tear a big one in the fabric of today's global financial fabric. I have harped on…
The Real Interest Rate
The real interest rate is the nominal interest rate adjusted to account for the currency's loss of purchasing power. And for lack of a better alternative, most people who do…
Technically Precious with Merv
Gold: We had an upside day on Friday but that was about it. We might get a rally here but there is no indication that a trend reversal is at…
Global Futures Market Summary
Crude oil fell to a 7-month low today, with the October contract settling $5.47 lower at $95.71 a barrel. Continual risk de-leveraging, Hurricane Ike's apparent failure to cause much damage…
Acute Risks!!
Tuesday likely will be another pivotal day for equities, with Goldman Sachs earnings due out before the opening bell, and at 2:15 PM ET, the FOMC decision. Some people already…
The Fall of Lehman and The Terrible Lessons of Bear Stearns
The weekend has brought us events that can only be described in large, over-the-top terms. The Fed agreeing to take equity on its balance sheet? How bad can things really…
TedBits
Oh what a two weeks it has been. It is a CHALLENGING task to figure out the latest FINANCIAL and Geopolitical curveballs that need to be interpreted. The activity in…
Has Hedging Killed the Goose that Was to Lay the Golden Egg?
The English language apparently doesn't have words forceful enough to describe the pig-headed and ham-handed approach of the gold mining industry to the marketing of its unique product, the king…
The Rebirth of Gold and Silver Stocks
My last article spoke of the larger degree correction currently being suffered by gold and especially silver. The event was foreseen by those who use Elliott Wave analysis but now…
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