"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •505 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •15 mins | 1,517.90 | +0.70 | +0.05% |
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WTI Crude •11 mins | 58.40 | -0.60 | -1.02% |
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Gasoline •12 mins | 1.904 | -0.014 | -0.74% |
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Ethanol •505 days | 2.161 | +0.000 | +0.00% |
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Silver •505 days | 30.82 | +1.16 | +3.92% |
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Silver • 505 days | 30.82 | +1.16 | +3.92% | |
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Copper • 505 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 11 mins | 62.78 | -0.60 | -0.95% | |
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Natural Gas • 14 mins | 4.483 | +0.009 | +0.20% | |
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Heating Oil • 13 mins | 2.503 | -0.030 | -1.20% |
Markets
Why Do We Trade "Paper Receipts" with Each Other?
Looking at how the stock market "bubble" imploded and now looking at the same situation in housing. It sure makes you wonder how the banking system really works.
Subprime's New Song: The Worst Is Yet To Come
The Fed can try to calm such fears all it wants by lowering the discount rate and giving banks more time to pay back loans (from overnight to 30 days),…
The Meltdown
Over the last few weeks we've experienced extreme volatility, and fear, in the financial markets. The event itself wasn't unexpected around here. After all, we're on record as expecting to…
Blitzkrieg of Bad News
The asset backed commercial paper market is basically frozen currently as no one will trust these securitized vehicles because of the potential bombs they contain. This crisis in confidence is…
A Recipe For Disaster
Deflation scare - what if this turns out to be more than just a deflation scare? Of course this could always be the case, but I don't think our banker…
Thoughts on Currencies and the Gold/Silver Ratio
Nobody knows the total extent of the Yen carry trade, but it is probably at least US$500B and could be as much as US$1T. At least, these are the sorts…
Economic Enemy #1
Alan Greenspan is guilty, guilty, guilty of letting the banks create all that excess money and credit, which distorted the hell out of the mal-invested economy and caused crippling inflation…
Value of Gold vs. the Dollar
The biggest moves in the gold price occur when the foreign exchange value of the U.S. dollar is stable. Did you get that? It may initially sound counterintuitive, but after…
Elliott Wave 101 of the AMEX Gold BUGS Index
After publishing the HUI last week, I have had a number of questions about my count. Surprisingly, out of 50 emails received, some 20 were wondering how valid the count…
It's Different This Time, I Swear
"There is always something different," former Chairman of the Federal Reserve Alan Greenspan said with regard to market turmoil, "something that does not look like all the previous ones. There…
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