"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 | 1,524.20 | +7.00 | +0.46% |
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WTI Crude •1 day | 58.06 | -0.94 | -1.59% |
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Gasoline •1 day | 1.883 | -0.035 | -1.82% |
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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 • 1 day | 62.56 | -0.82 | -1.29% | |
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Natural Gas • 1 day | 4.580 | +0.106 | +2.37% | |
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Heating Oil • 1 day | 2.456 | -0.077 | -3.04% |
Markets
Pivotal Events
Inevitably, as most traditional corporate bonds become toxic the revulsion will spread to long treasuries. It is also worth thinking about all the high-grade bonds still held by banks and…
Technical Market Report
The rally off the lows of January (early February for the OTC) has been less robust than I would like to see, but new lows suggest an intermediate term bottom…
Buy or Sell
We remain in Buy Mode, expecting the market to trade higher into 3/6. However, we are paying close attention to the pattern in the Qs, as a break in any…
What Would Warren Do?
Last summer we were repeatedly told subprime problems would not spread to other markets. "The problems will be contained," proclaimed one authority after another. Now of course we know that…
The Breakdown of Wall Street Alchemy
In a disconcerting development, recent market developments seem to confirm that the leveraged speculating community and the GSEs are poised as the next shoes to drop - the next Dominoes…
General Market Action
Standard Deviation Analysis: The premise here is simple. When either the +3sd band or negative -3Sd bands are hit; it suggests that an oversold or overbought condition is in the…
15%
While it was a tentative month with some wild swings, in the end the volatility was contained within a trading range between about 1300 and 1400, which had our position…
Recession Debate Turns Toward Inflation
Some will say that the government's stimulus package will shorten the duration of the economic contraction and that the economy will rebound in the second half of 2008. Sound familiar?…
Businesses Advised To Walk Away
Banks knowingly and willingly gave homeowners a free PUT option when they financed homes at zero percent down. It's just a business decision. Businesses break contracts all the time.
Contrarian and Sentiment Indicators
As I have mentioned in our commentaries over the last several weeks, it is important to keep in mind that the latest bubble has been in U.S. housing and structured…
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