"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 | 1,566.00 | +13.40 | +0.86% |
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WTI Crude •30 mins | 57.95 | -0.89 | -1.51% |
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Gasoline •30 mins | 1.857 | -0.039 | -2.08% |
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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 • 29 mins | 62.64 | -0.73 | -1.15% | |
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Natural Gas • 3 hours | 4.424 | -0.125 | -2.75% | |
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Heating Oil • 33 mins | 2.354 | -0.052 | -2.17% |
Markets
Technical Market Report
The market appears to be putting in a bottom that should hold for quite a while... I expect the major indices to be lower on Friday June 19 than they…
Las Vegas Downturn Gathering Momentum
On the surface, the Las Vegas economy looks dangerously like a busted flush. As if the housing crisis wasn't bad enough, hotel occupancy is down, visitors are spending less, commercial…
House Prices, the Wealth Effect and the Cash-in-Hand Effect
House prices are collapsing, which means that homeowners' equity in their houses is plunging. According to Federal Reserve flow-of-funds data, homeowners' equity dropped by $399 billion quarter-to-quarter in Q1:2008 and…
Irish "No" Gives European Union a Nasty Headache
The euro dipped this morning as news broke that Ireland's voters rejected the EU Lisbon Treaty in yesterday's national referendum. Although the Treaty's fate has no direct economic impact on…
Whip Inflation Now
Because we have devoted so much of our arable land to corn (in a very misguided policy to turn food into ethanol), we have less for soybeans, which is putting…
Stage II Predicaments
The risk that our economy has entered a substantial downturn has actually increased markedly over the past several weeks. Importantly, energy costs have risen significantly to the point of being…
Merk Economic Calendar: Week Ahead In US Financial Markets (June 16-20 2008)
The market will observe a healthy amount of macroeconomic data to be released during the upcoming five trading days. The major data that have the capacity to move the market…
Political Stupidity
Now, unless you were informed upon entering your sixth year of grammar school at the age of 21 that you'd have to stay back another year, you'll recognize this latest…
Capitulation Among the Oil Shorts?
Over the past decade, it has generally been a good time to short oil and buy industrials metals once the ratio between WTI crude oil prices and the Goldman Sachs…
A Note on the Consumer Price Index
...With the cost of living always rising, not falling, it's a good job there's so much more money around to help pay for things. Right...?
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