"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 •15 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
Precious Points: Let Them Eat Cake!
The theme discussed here last week intensified and even revealed it had spread to Europe, where an explicitly hawkish ECB was faced with declining Euribor rates and central banks in…
Fear
We remain in CASH awaiting the next Buy Signal. We offer that the market will bottom here, and bounce into 2/1. Expiration often marks turning points in the market. We'll…
Words from the Wise for the Week That Was (Jan 14 - 20, 2008)
The stock market continued its downward trajectory during the past week, experiencing wild swings on the back of a barrage of bad news in the financial sector, and ongoing concerns…
Precarious Economic Conditions and Gold
Major problems are on the horizon, markets are reeling and the mainstream is finally catching on to what we've been predicting for quite some time. The Plunge Protection Team however…
Fitch Finally Found My Blog and Cut Ambac's Rating, So what's next...
This is the part where you should expect me to say all hell breaks loose. For those who don't follow me regularly, this is my take on the monolines and…
Summary
While we've been calling for a bounce in the market over the last few weeks, the market has been relentless in it's descent, clearly it doesn't matter what we think,…
The Fed Fiddles While Stocks Burn and Crash
I hate to bash Fed Chairman Ben Bernanke, but I'm going to for a few pages. Here's the deal. The current economic threat is screaming for an aggressive inflation solution.…
Technical Market Report
The market is near record oversold conditions so a significant bounce is likely. I expect the major indices to be higher on Friday January 25 than they were on Friday…
A Modest Proposal
For members of Congress desperate to avoid recession, the takeaway message that Fed Chairman Bernanke delivered in his testimony this week was that a successful stimulus package needs to be…
More BLS BS
After a wild week in the markets, there is so much to write about, it is hard to know where to start. The headline number says jobless claims fell 20,000.…
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