"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •366 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •15 mins | 1,407.10 | +25.00 | +1.81% |
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WTI Crude •17 hours | 66.50 | -0.50 | -0.75% |
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Gasoline •17 hours | 2.117 | -0.002 | -0.07% |
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Ethanol •366 days | 2.161 | +0.000 | +0.00% |
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Silver •366 days | 30.82 | +1.16 | +3.92% |
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Silver • 366 days | 30.82 | +1.16 | +3.92% | |
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Copper • 366 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 17 hours | 68.30 | -0.50 | -0.73% | |
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Natural Gas • 17 hours | 3.387 | -0.022 | -0.65% | |
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Heating Oil • 17 hours | 2.409 | +0.039 | +1.65% |
Markets
Danger Ahead!
It is October and the markets are falling. Not unusual you say because everyone knows that October has had its share of scary drops in the past. Think October 1929…
Global Gold Highs
Earlier this week gold closed over $475 in US dollar terms and came within spitting distance of €400 in euros. These stunning levels are far above the $256 and €277…
Gold Loves Trouble
One would think that an average P/E of 20 on properly accounted for earnings (including stock options and pension adjustments) would weigh on the market. Likewise, the combination of higher…
Gold versus the Stock Market
While Wall Street pundits extol the virtues of the stock market, and its promise of assured riches, they consistently denigrate gold, and its value as an investment alternative. Gold, they…
Inflationary Dollar Shrugs Trade Deficit
The US trade deficit grew 2% in August to $59.03 billion from a revised $57.96 billion (initial $57.94 billion) in July. Imports rose 1.8% to $167.2 bln, while exports rose…
Watching for Inflation
The big news this week was the Chapter 11 filing by Delphi. There have been numerous articles discussing it and the implications for the entire industry. During an interview with…
Personal Bankruptcies Soar
Personal bankruptcies have skyrocketed lately. Is anyone surprised? The primary reason is not Katrina or Rita as some might think, although I am sure hurricane floodwaters pushed quite a few…
That Smell
Our old friends the wedges return in some key charts. In the case of interest rates, the wedges are rising and potentially bearish (for rates). If the general stock market…
The Classical Monetary System - According to the German School of Monetary Freedom
Perhaps far too many people have tried to describe and assess the monetary system and the use of money, since, obviously, the way this has been done is as diverse…
What is Happening with the Silver ETF?
So what exactly is happening with the anticipated Silver ETF that Barclays Bank filed with the SEC in June? Their proposal to set up an exchanged-traded fund with an initial…
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