"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •294 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •15 mins | 977.70 | -1.90 | -0.19% |
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WTI Crude •10 mins | 62.79 | +0.52 | +0.84% |
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Gasoline •10 mins | 2.094 | +0.010 | +0.46% |
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Ethanol •294 days | 2.161 | +0.000 | +0.00% |
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Silver •294 days | 30.82 | +1.16 | +3.92% |
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Silver • 294 days | 30.82 | +1.16 | +3.92% | |
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Copper • 294 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 10 mins | 66.58 | +0.46 | +0.70% | |
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Natural Gas • 10 mins | 2.975 | -0.047 | -1.56% | |
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Heating Oil • 40 mins | 2.139 | +0.012 | +0.57% |
Markets
Growth Wanes, Yields Collapse
Second quarter GDP growth was revised down by 10 basis points to 3.3%. However, the deflator was also revised down by 10 basis points, so nominal GDP growth remained at…
That's The Way Love Goes
There is no question that the former 800 pound gorilla UST buyer, Japan, is sitting out the current inning. As designated pinch hitter for Asia, China has firmly gripped the…
A Heretic On The FOMC?
I almost fell out of my chair when reading the minutes of the August 9 FOMC meeting. What rocked me? The following sentence: "Another participant mentioned, however, that recent sluggish…
New XAU Bottom in the Making
I think we could see gold ultimately dip down to 425 or even 421 before it puts an end to this correction. It will likely take a move down to…
The Greenspan Legacy
This past week saw his eminence - a surprisingly sober Sir Alan Greenspan accepting the accolades of his peers and the press, taking a victory lap through the resort community…
Hurricane Katrina Had No Silver Lining!
Inevitably, some perky economic analyst is going to say that despite the death and destruction Hurricane Katrina visited on the poor souls who populate Gulf coasts of Alabama, Mississippi and…
Connecting the Dots
The damage from Hurricane Katrina wasn't as bad as previously feared, but the damage to our country's energy infrastructure is worse than feared. According to the U.S. Minerals Management Service,…
Moneyization Part Sixteen
In the past week, the outgoing, hopefully, Chairman of the Federal Reserve spoke at Jackson Hole, Wyoming for a meeting of the dreaded central bankers. His words were widely quoted…
Katrina, The Delayed Effect - Are You Listening?
Here's just a quick look at the markets today. Hurricane Katrina has done her damage to the gulf shores, oil platforms and refining operations. From here on, the gulf oil…
Farce Majeure
The NYMEX exercised greater force yesterday in order to protect Goldman Sachs and other Federal Reserve Shareholders from getting dunked mercilessly. They were merely protecting their short brethren in attempting…
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