Markets

Jul 13, 2005 at 00:00

This past week, the world was treated to one of the familiar 'rites of summer'. Every year at this time, one of the true spectacles in the world plays out…

Jul 13, 2005 at 00:00

There was some exciting market action this month. Aside from oil reaching a record high, the action in gold was even more significant. For the first time in years, gold…

Jul 13, 2005 at 00:00

Detractors of the Real Bills Doctrine (RBD) studiously avoid reference to its prestigious pedigree and its author, Adam Smith. No less are they anxious to avoid reference to self-liquidating credit…

Jul 12, 2005 at 00:00

Greenspan and many others have referred to the stubborn refusal of bond yields to budge from their generational lows in the face of Fed rate hikes and obvious signs of…

Jul 12, 2005 at 00:00

With several leading financial markets racing upward to near-term highs, the question is how much longer can U.S. stocks ignore the upward bias in the price of crude oil and…

Jul 12, 2005 at 00:00

The big increase in the Commercials' short positions before the last update was expected to lead to a reaction in gold. It did and it was rather fierce, as can…

Jul 12, 2005 at 00:00

There is strong circumstantial evidence - furnished by a number of very bullish silver stock charts - that silver is eventually going to break substantially higher, despite the current whipsaw…

Jul 11, 2005 at 00:00

In a perfect world, all our cars will be fitted with hydrogen fuel cells as the primary storage of fuel. Our various energy sources will be limitless and they will…

Jul 11, 2005 at 00:00

Gold gained almost $5 an ounce to lead the precious metals set higher in the wake of a string of London bombings targeting the city's transportation network and innocent civilians…

Jul 11, 2005 at 00:00

A fundamental rule in the engagement of rational argument is that if your basic premise is wrong, then all the specifics that follow in your chain of reasoning are also…