"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •295 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 964.50 | -15.80 | -1.61% |
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WTI Crude •10 mins | 62.91 | +0.12 | +0.19% |
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Gasoline •28 mins | 2.120 | +0.014 | +0.66% |
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Ethanol •295 days | 2.161 | +0.000 | +0.00% |
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Silver •295 days | 30.82 | +1.16 | +3.92% |
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Silver • 295 days | 30.82 | +1.16 | +3.92% | |
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Copper • 295 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 10 mins | 66.64 | +0.09 | +0.14% | |
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Natural Gas • 13 mins | 2.934 | +0.004 | +0.14% | |
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Heating Oil • 13 mins | 2.152 | +0.009 | +0.40% |
Markets
Fed-Laced Fairytales
We note that since the Fed began raising rates last year the University of Michigan Consumer Sentiment Survey has been on the decline. More importantly, last week's plunge to 76.9…
Stock Market: CNBC Report
Last week crude oil had come down to the "obvious" support. I indicated we would see a rally up off the "obvious." If that rally was a first-degree counter trend…
Gold as Currency
Consider the supply/demand characteristics of gold. The supply of gold and gold mining stocks is low compared to other assets. For example, the market value of every gold mining company…
Runaway Spending Fueling Gold
When gold broke 450 last week it made a key breakout. For the past nine months, 450 has been resistance on gold. The move up in gold is being helped…
Gold: The Sole Levee Against The Floodwaters of Financial Disaster
America's worst natural disaster exposed its vulnerability. There were not enough helicopter, soldiers or National Guardsmen to save New Orleans from becoming Atlantis. Why? The generals were right - America's…
Is Fractional-Reserve Banking Fraudulent?
What are we to conclude from all this? Fractional-reserve banking, properly conceived and implemented, is not fraudulent. To try and prohibit it will require an unjust violation of the rights…
Copper Prices - Too Overbought
In the tradition of "Nothing is Obvious," I now want to discuss two other things that are not routinely discussed by the popular media - those two being cash levels…
Excerpts from Global Watch - The Gold Forecaster
But the most significant change in the last day has been one of perception. When the gold price returned towards its peak, most observers were suspicious and cautious. No-one wanted…
EWP on the DOW & S&P 500
Last week was a down except for the last day. On Friday the DOW was back at the median line of the RISING WEDGE. So last week' comments still apply.…
Dollar Update
Now in September, we have the dollar at another interesting juncture. Since 2001, the US Dollar Index traced out an Elliott impulse wave until December of 2004. The chart below…
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