"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •422 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 1,370.50 | +8.80 | +0.65% |
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WTI Crude •3 hours | 64.01 | -0.59 | -0.91% |
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Gasoline •6 hours | 2.188 | -0.012 | -0.52% |
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Ethanol •422 days | 2.161 | +0.000 | +0.00% |
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Silver •422 days | 30.82 | +1.16 | +3.92% |
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Silver • 422 days | 30.82 | +1.16 | +3.92% | |
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Copper • 422 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 6 hours | 68.12 | -0.50 | -0.73% | |
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Natural Gas • 3 hours | 2.997 | +0.053 | +1.80% | |
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Heating Oil • 6 hours | 2.267 | -0.043 | -1.87% |
Markets
Update of the S&P 500 Index
I am only going to be updating the S&P due to the amount of time reworking the higher Degree Elliot Wave count. There is nothing significant in the overall interpretation…
Greenspan's Goblins and the Cremation of Care
With Halloween approaching we note that the Federal Reserve Chairman Alan Greenspan must be trying to cast out his inner demons. Steven Roach points out in this week's missive that…
Sell Financials and Commodities
Make no mistake - the Fed and the world's central banks are clamping down on liquidity. In my commentaries over the last six months, I have continually discussed the breakdown…
Last of the Intrepid Americans
In light of society's harrowing addiction to government dependency these days, it's hard to believe that we used to be a nation in which a man was expected to take…
Is a Dollar Crisis Looming?
The 1970s was known for stagflation, a period of sluggish economic growth combined with high inflation. The 1970's is associated with a breakdown of the gold standard, high inflation, price…
Real Bills, Phony Wealth: Tastes Great! Less Filling?
The fundamental error of our financial policy lies in the attempt to create wealth by creating currency: it is putting the servant before the master -- the wrong power, in…
Real Bills, Phony Wealth: Christmas with the Cranks
The masses are misled by the assertions of the pseudo-experts," wrote Mises, "that cheap money can make them prosperous at no expense whatever." The damage that the inflationary fallacy has…
Honest Money Part VI: The European Connection
Although Greenbacks are believed to be the main source of financing for the Civil War, they were not - government bonds were. The total emission of Greenbacks was under $850…
Market Notes: Q4 2005
Although the S&P 500 and was flat, the Dow was flat, and the NDX gained slightly over the past three months, some areas of the market made significant advances, and…
Real Bills, Phony Wealth: Unclear on the Concept
Saving is no fun. Americans have very nearly given up the habit -- what good reason could there be for reducing consumption? The desire to avoid this painful choice has…
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