"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •507 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 •507 days | 2.161 | +0.000 | +0.00% |
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Silver •507 days | 30.82 | +1.16 | +3.92% |
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Silver • 507 days | 30.82 | +1.16 | +3.92% | |
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Copper • 507 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
Silver in Surplus?
In fact, the surplus as a percentage of total supply was greater in 2004 at 20%. So what is the problem here? The answer is there is no problem. The…
Keynesian Chickens Coming Home
This illegitimacy of Keynesian thought is partly tied up in its irresponsibly truncated sense of history. It's intellectual and political leaders throughout the West have, for the past 72 years,…
Citigroup - Opportunity or Death Rattle?
Citigroup is in serious trouble. It's not the first time Citi has been threatened but it may be the last. Too many risks have been taken without adequate protection or…
Fed Day
Many people are looking to the Fed to cut rates again - some are looking for 25, some 50 and some are even looking for 75 points. Is that what…
60 Minutes Legitimizes Walking Away
There was a nice expose on CBS 60 Minutes this weekend called House Of Cards. I seldom watch TV but happened to catch it. Steve Kroft reports on how the…
The Crash of the Bank of United States
Eighty years ago the fancy name of the bank was the lure to entice ignorant people to their doom. Today it is the fancy name of the product: "mortgage-backed securities",…
US Booms and Busts and a Little Monetary History
The extent to which media commentators are ignorant of economic history, let alone basic economics, is genuinely staggering. We got a good look at this ignorance when the 1990s boom…
Merv's Non-Edibles Futures Page
Weekly Technical Information and Ratings
Technically Precious with Merv
Despite a 3.4% gain on the week one gets the impression that gold is ready to go lower. That's not what most analysts are saying. Who to trust? I always…
Technical Market Report
The persistence of high levels of downside volume suggest another down move is likely, however, it should be limited because new lows have all but disappeared. I expect the major…
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