"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 | 1,562.40 | -3.60 | -0.23% |
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WTI Crude •11 mins | 58.18 | +0.23 | +0.40% |
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Gasoline •12 mins | 1.866 | +0.009 | +0.48% |
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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 • 13 mins | 62.72 | +0.24 | +0.38% | |
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Natural Gas • 11 mins | 4.523 | +0.042 | +0.94% | |
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Heating Oil • 11 mins | 2.376 | +0.022 | +0.93% |
Markets
German Data Suggest Euro-zone is Headed For Recession
The Ifo business climate index for August dropped to 94.8 from 97.5 in July, the weakest since June 2005. While this is still well above the lows recorded in late…
Retirement Wake-Up Call
Perhaps this loss in housing equity is why an AARP survey that found increasing numbers of people who are eligible for retirement are, instead, continuing to work, and some of…
Is Gold About to Decouple From the Euro and Rise With the $?
Central Bank selling has reverted back to a trickle of sales, so the force driving the gold price down has come almost entirely from COMEX in New York. The futures…
Gold Thoughts
Momentum chasing traders are pushing U.S. dollar to another long-term top. With Putin, The Terrible flexing his military might, Pakistan moving slowly toward a hard line government in control of…
Charts Suggest Peak Dollar Occurred August 15, 2008
Charts suggest Peak Dollar occurred August 15, 2008 and they encourage short selling of the USD/JPY, the US Dollar and stocks.
Gold Market Update
Gold is believed to have bottomed. It crashed the support at $850 as predicted in the last update and plunged to hit a low $8 below our target range on…
Silver Market Update
Silver is believed to have bottomed. On the 1-year chart we can see how the failure of the clear line of support (now strong resistance) at and above the $16…
Technically Precious with Merv
Gold was basically in a bounce mode this past week but unfortunately closed on the down side on Friday. It needs a lot more upside activity or lateral strength building…
Eagle Rationing: Where there's Smoke, there's Fire
If the physical supply constraint persists, we might indeed see that behind all this smoke, there's fire (i.e., the US government has run out of gold with which it's willing…
Dead Men Walking
The title of this piece sums up how I feel about the current credit markets. When I first started in the industry in 1981 we were worried, but only about…
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