"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •506 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 •13 hours | 58.06 | -0.94 | -1.59% |
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Gasoline •13 hours | 1.883 | -0.035 | -1.82% |
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Ethanol •506 days | 2.161 | +0.000 | +0.00% |
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Silver •506 days | 30.82 | +1.16 | +3.92% |
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Silver • 506 days | 30.82 | +1.16 | +3.92% | |
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Copper • 506 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 12 hours | 62.56 | -0.82 | -1.29% | |
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Natural Gas • 13 hours | 4.580 | +0.106 | +2.37% | |
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Heating Oil • 13 hours | 2.456 | -0.077 | -3.04% |
Markets
Follow up to the Ambac Analysis
I have been receiving a lot of feedback on the Ambac article and the MBIA one as well. Many want more in terms of clarification, assumptions, additional calculations, data, etc.
Government-Think
In the following report, Ed relates his meeting of Larry Lindsey, a former advisor to the president. Though anecdotal, I find his story quite telling in terms of the convoluted…
The Shock of a Thousand Trillions
So imagine my horror when I learned that there was no error! We are talking about a quadrillion freaking dollars! Instantly I knew that she was doing that on purpose…
Unbroken, Australia's Voters "Fix" Her Anyway
A global trend of falling interest rates would be beneficial to the ongoing commodity bull market but it is a matter of ongoing analysis to determine which currencies will rise…
Bullion Coin Pricing
Have you ever noticed that two bullion coins which contain the exact same amount of the same precious metal, can sometimes sell for a different price?
Aussie, Yen and SP Strategy
Last week's rebound in the S&P500 was as visible as its failure to break above the key 200-day moving average of 1485. The resounding sign of prolonged bearishness (as applicable…
Is An End of the Year Rally in the Cards?
We have seen the market rally sharply off of its August lows as the S&P 500 bounced off of its 1405 support level. However, that bounce did not come with…
TedBits
Last week E-trade was recapitalized by Citadel, a Chicago hedge fund with 2.5 Billion dollars. That IS NOT the shocking news. E-Trade was in trouble because the value of the…
Lennar's 50% Haircut Does Not Make Them Look Any Better
My Voodoo post alleged Lennar was borderline insolvent. This recent news item simply reinforces that, and brings them closer to that insolvency. The assets that I used for that calculation…
Exploration-Stage Gold Stocks
What we are currently seeing are the effects on mining costs of years of rampant inflation (money-supply growth). It is quite likely, though, that costs are approaching an intermediate-term peak…
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