"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •508 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •14 mins | 1,531.80 | +7.60 | +0.50% |
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WTI Crude •11 mins | 57.94 | -0.12 | -0.21% |
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Gasoline •20 mins | 1.886 | +0.002 | +0.12% |
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Ethanol •508 days | 2.161 | +0.000 | +0.00% |
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Silver •508 days | 30.82 | +1.16 | +3.92% |
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Silver • 508 days | 30.82 | +1.16 | +3.92% | |
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Copper • 508 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 11 mins | 62.43 | -0.13 | -0.21% | |
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Natural Gas • 11 mins | 4.465 | -0.115 | -2.51% | |
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Heating Oil • 16 mins | 2.437 | -0.020 | -0.80% |
Markets
You Can Fool Some Of The People Sometimes
But you can't fool all the people all the time. This is a truism that will become increasing trite in coming years as more and more people discover the vulgarities…
Fitch has Stripped MBIA of it's AAA Rating - The Consequences...
Here we go. It is amazing that the investment banks have rallied, particularly considering that most of them rely heavily on MBIA and Ambac as counterparties.
An Ounce Is Still An Ounce!
It is my firm belief that we are living in a highly inflationary world where all the central banks are recklessly inflating the supply of money and credit. Without the…
End of the Trend
The pullback hasn't happened as quickly as the realist in me thought it would. The action in the SPY created a decent sized white candle, but on only a slightly…
Precious Points: Still Unstable
The bearish MACD crossover described in the last update happened on Monday and the cascade of selling that is probably the most memorable event of the week came on Tuesday.
Market Update: Gotta Have Faith
In typical fashion, the week closed at a crucial area that will determine whether there's still one more new high in this rally or it's now time for consolidation, leaving…
Systemic Financial Crisis and Its Implications for Gold
The cyclical bear market in equities, which is around 6 months old, is still far from being over. Problems caused by the real estate bubble, which are now permeating throughout…
US Economy, Commodity Prices and the Trade Cycle
The current economic situation brings to mind 1999 when worries about the state of the US economy were piling up faster than rationalisations about the country's alleged growth rate. There…
Gold Market Update
Gold's uptrend channel from its August low failed last week as predicted, leading to an immediate plunge to $875, from which point it bounced. The failure of the uptrend and…
Silver Market Update
Although silver dropped back quite sharply last week as expected, in tune with gold, it was interesting to observe that the decline halted EXACTLY at its channel support line shown…
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