"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •370 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •15 mins | 1,381.30 | -10.00 | -0.72% |
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WTI Crude •10 mins | 68.25 | -0.08 | -0.12% |
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Gasoline •10 mins | 2.190 | +0.005 | +0.21% |
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Ethanol •370 days | 2.161 | +0.000 | +0.00% |
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Silver •370 days | 30.82 | +1.16 | +3.92% |
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Silver • 370 days | 30.82 | +1.16 | +3.92% | |
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Copper • 370 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 10 mins | 70.08 | -0.07 | -0.10% | |
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Natural Gas • 14 mins | 3.335 | -0.005 | -0.15% | |
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Heating Oil • 13 mins | 2.442 | +0.000 | +0.01% |
Markets
Credible Inflation Data (for a change)
Recently the Bank of England switched to the CPI, a European standard. It doesn't include houses or retirement income either. In fact it has an even more convenient mix of…
UK: Rates Are Headed Upward, But Not Next Month
The combination of Tuesday's CPI numbers and today's retail sales report has the markets all a-flutter in anticipation of a rate hike from the Bank of England (BoE) before this…
The FOMC Is Forecasting Below Potential Economic Growth
This is a postscript to Fed Chairman Bernanke's testimony yesterday to the Senate Committee on Banking.
Bernanke's Transient Hopes
When Federal Reserve (Fed) Chairman Ben Bernanke was President Bush's Chief Economic Advisor, he described high oil prices as transitory. Transient they were: they headed higher, not lower. In his…
Rising Global Interest Rates Point to Good Times for Gold
Interest rates around the globe are going up because inflation and default risk are going up. Lenders want to be compensated for the chance they might not be repaid. When…
What, Me Worry?
The overwhelming feeling right now, it seems, is one of complacency - everywhere. Recessionary forces at work globally, weak stock markets, Russia + China emerging stronger, resource races throughout the…
The Dow's Cold Right Shoulder
Showing someone the "cold shoulder" has been a common expression in the English language since 1816. US stock investors are soon going to find out the real meaning of that…
Bernankes More Difficult Dilemma Is Not the One He Stated Today
The more difficult dilemma facing Fed Chairman Bernanke is not the one he just posed in his July 19 Humphrey-Hawkins appearance today, the same one the financial markets continue to…
CNBC to Become Pro-Gold?
So why are we of the opinion that CNBC and the rest of the media is about to warm to gold? We think the answer is two-fold. The first reason…
Dollar Drops Back as Bernanke Looks Forward
The Fed faces the existing threat of rising inflation and the gradually approaching threat of a slowing economy. Since the more urgent threat is underlined by actual inflation rather than…
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