"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 •10 mins | 1,530.60 | +6.40 | +0.42% |
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WTI Crude •11 mins | 57.73 | -0.33 | -0.57% |
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Gasoline •22 mins | 1.875 | -0.008 | -0.45% |
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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 | 62.21 | -0.35 | -0.56% | |
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Natural Gas • 13 mins | 4.479 | -0.101 | -2.21% | |
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Heating Oil • 11 mins | 2.435 | -0.021 | -0.87% |
Markets
Gold Market Update
About a week ago we called a short-term top in gold and silver, and although we got one, the subsequent reaction has turned out to be very muted. Meanwhile, oil…
Silver Market Update
With the parabolic bowl promising to drive the price much higher in an accelerating arc, and downside to the bowl boundary now so limited, it makes sense to avoid the…
Why the Rich Are Getting Poorer
As our consumer dominated economy faces the threat of imminent stagflation (economic recession and financial inflation at the same time), losses will not be limited to the poor. Many get-rich-quick…
The True Cost of This Crisis
...If only the big central banks would sit on their hands and let this crisis work out, they could save Western taxpayers up to 98% of the potential mopping-up costs...
What Advice Have the Big Wall Street Firms Given Their Llarge Clients This Year?
Don't get too excited about yesterday's wonderful rally ... look at the overall conditions, selling on rallies behavior, and demand more proof from the market by exhibiting a follow-through before…
Aussie Monetary Policy a Forecast for the USA
A fundamental question we get asked a lot is whether forecasting is of any use whatsoever? We think it is, and offer up an intriguing comparison between Australia's current economic…
George Soros and the Worst Financial Market Crisis in 60 Years
Of course it would be foolish to suggest that Soros is less than informed on the true state of affairs within the U.S. financial system. One doesn't become a billionaire…
The Fed Invents a New Trick
Gushing and hype aside, the real news is this: Today the Fed announced that it would loan Treasury securities to primary dealers for a period of 28 days, in exchange…
Overdosed!
Continued US Fed liquidity injections like the Fed's previous "Term Auction Facility" (TAF) and today's novel "Term Securities Lending Facility" (TSLF) will only serve to overdose the economy with exactly…
Bernanke Gets it Backwards
The rise in retail prices is caused by...the Federal Reserve creating excessive amounts of money and credit. High prices, therefore, are the RESULT of the ridiculous excesses of the Federal…
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