"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 •14 mins | 1,524.20 | +7.00 | +0.46% |
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WTI Crude •8 hours | 58.06 | -0.94 | -1.59% |
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Gasoline •8 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 • 7 hours | 62.56 | -0.82 | -1.29% | |
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Natural Gas • 8 hours | 4.580 | +0.106 | +2.37% | |
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Heating Oil • 8 hours | 2.456 | -0.077 | -3.04% |
Markets
Technical Market Report
The market is oversold going into a seasonally strong period. I expect the major indices to be higher on Friday November 23 than they were on Friday November 16.
How do You Spell Stagflation?
If you extrapolate the inflation of the past two months for the next two months, that would take inflation slightly over 4% as we go into the next two Fed…
Credit Crunch
With the securitization market severely impaired and Wall Street reeling, the Banking sector balance sheet has now ballooned $550bn (21% annualized) over the past 16 weeks. How can this not…
Are the Margin Debt levels on the New York Stock Exchange sending us a message?
Yesterday, I looked at the NYSE Margin Debt levels. On a short term basis, they don't tell you a whole lot, but from a longer term perspective they do tell…
Gold in Second Gear - Fed Out of Gas!
As observed in August, gold has broken out of its first gear and ratcheted into second gear back in early 2006, not long before its top for that year. Although…
Gold ETF Impact 3
Three years ago on November 18th a landmark event polarized the gold world. The first gold exchange-traded fund to trade in the United States, the StreetTracks Gold Shares, was launched.…
Less Than Zero
...Hardly anyone's noticed, but the frenzy of safe-haven bond-buying has just pushed real yields on US Treasuries below zero...
Subprime Consumers
When home prices skyrocketed in the early part of this decade, everyone seemed to forget that the subprime borrowers were high risk by definition. Now that losses are snowballing, lenders…
With Friends Like 'U.S', Who Needs Enemies?
I found Nicolas Sarkozy's speech last week before a joint session of Congress to be quite interesting and revealing. "Sarkozy l'Américain" put on a very moving address, to be sure,…
More Declines in Asian Holdings of US Tsrys
Foreigners were net sellers of US long term securities in September at $14.7b after $150.7b in net selling in August. But foreign net long-term purchases showed a rebound to net…
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