"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •303 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 966.10 | -1.00 | -0.10% |
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WTI Crude •17 hours | 58.29 | -0.95 | -1.60% |
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Gasoline •17 hours | 2.020 | -0.029 | -1.43% |
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Ethanol •303 days | 2.161 | +0.000 | +0.00% |
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Silver •303 days | 30.82 | +1.16 | +3.92% |
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Silver • 303 days | 30.82 | +1.16 | +3.92% | |
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Copper • 303 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 16 hours | 61.29 | -0.84 | -1.35% | |
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Natural Gas • 17 hours | 3.630 | +0.151 | +4.34% | |
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Heating Oil • 17 hours | 1.993 | -0.019 | -0.93% |
Markets
Yield Curve Inversion - Necessary But Not Sufficient Recession Condition
Each of the past six recessions was preceded by an inversion in the spread between the Treasury 10-year yield and the fed funds rate. But there were two other instances…
Raising the Minimum Wage
The official Federal minimum presently stands at $5.15 an hour; the actual minimum is much higher. No employer can overlook the mandated fringe benefits which he is forced to pay…
Gold Update 2
And when will the gold bull market resume again after this hiatus? If gold finally hits our target of $463 or $478, we will see a significant rally but at…
Imperial Finance
As the medium of International Exchange, the United States and its Currency remain in the unique position of Seignorage or having our currency accepted as the medium of International exchange.
Princely Finance and Taxation
Last year's imperious announcements by Messrs. Greenspan and Bernanke to use the "printing press" to inflate anything they can should be considered startling only in the resort to honesty. Euphemisms…
The Nikkei: Raiders of the Lost Ark
While no one can state for sure what will happen to the Nikkei over the next few weeks or even months, a quick look at the macroeconomics picture tells us…
Controlling Gold Over Time
What the Fed fears, of course, is that gold will explode and start moving away from the 50 week moving average and start climbing in a much steeper path so…
Have Currency Investors Gone Loonie?
As one can see from the above chart, the Canadian dollar (cash prices) is now on the verge of surpassing a 14-year high - to a level not seen since…
Liftoff, Soft Landing or Crash? Part II
As expected, last week the Fed raised short-term rates to 4.25%. While the accompanying statement removed some amount of ambiguity regarding further rate hikes, it hardly clarified anything. Is the…
Boom / Bust Cycles
Ultimately, inflation leads to wealth destruction because it distorts price signals, causing investment to be misdirected. It is this particular effect of inflation -- the misdirection of investment and the…
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