"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 •10 mins | 976.40 | -3.20 | -0.33% |
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WTI Crude •10 mins | 62.35 | +0.08 | +0.13% |
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Gasoline •21 mins | 2.082 | -0.002 | -0.08% |
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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 | 66.21 | +0.09 | +0.14% | |
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Natural Gas • 10 mins | 2.986 | -0.036 | -1.19% | |
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Heating Oil • 1 hour | 2.126 | -0.001 | -0.05% |
Markets
Getting Ready to Rock to the Upside?
Given the action in the US indices since the beginning of August, I feel very uncomfortable about taking a long position next week with the S&P nearing the 1200 mark…
U.S. Crisis Barometer: The Gold/Silver Ratio
For the price relationship to remain fixed between Gold and Silver, the following chart should show one thin horizontal line. Instead we see rising and falling patterns that range from…
Wedgie
Finally, the bears have gotten a pound of bull flesh. I am sure it tastes good too, after all the abuse our furry friends have endured at the hands of…
Technical Market Report
The good news is: There has not been a significant build up of new lows. There has also been no volume. Typically volume increases during market rallies and sharp declines.
Roosevelt Redivivus
So it was that two recent events brought back to mind the date of April 5th 1933. It was on that day that Franklin D. Roosevelt took the United States…
The Greenspan Era: Lessons to be Learned
No discussion of Greenspan's possible legacy will stand the test of time without addressing the momentous financial sector developments nurtured under his watch. Ultimately, I expect that he will be…
Reflections on Central Banking
Following are some comments made by Greenspan at a symposium sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming August 26, 2005. The subject matter of Greenspan's…
Honest Money Part IV: Treasury Notes
The War of 1812 gave cause for the first issue of Treasury Notes, at least the first significant amount. From 1812 to 1814 Congress emitted four series of notes, basically…
The Fed Targets Your Home
And now, Greenspan says above they are targeting asset prices. Can it be any clearer? You think they are worried about a stock market bubble? Commodity or gold prices? What…
Long Term Trend - Are You Listening?
The markets sold down in a rather light volume trading week. The SPX was off 1.2% and the NDX lost 0.95%. The technology sector was not hit as hard as…
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