"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •291 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •15 mins | 973.80 | -3.20 | -0.33% |
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WTI Crude •10 mins | 63.15 | -1.53 | -2.37% |
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Gasoline •10 mins | 2.060 | -0.039 | -1.87% |
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Ethanol •291 days | 2.161 | +0.000 | +0.00% |
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Silver •291 days | 30.82 | +1.16 | +3.92% |
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Silver • 291 days | 30.82 | +1.16 | +3.92% | |
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Copper • 291 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 10 mins | 66.33 | -1.63 | -2.40% | |
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Natural Gas • 10 mins | 3.131 | -0.114 | -3.51% | |
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Heating Oil • 10 mins | 2.115 | -0.038 | -1.74% |
Markets
Political Economic Reasons Why The Fed Is On The Cusp Of Pausing
Although the consensus thinks it is a slam dunk that the Fed will raise the funds rate another 25 basis points when the FOMC convenes again on August 9, I…
UK Headed for Recession
In its quarterly national accounts, the Office of National Statistics revealed that UK GDP during the period grew by 0.4 pct from the previous quarter and 2.1 pct on a…
Soviet Economics
Speaking of inflation, we haven't even gotten started talking about how the calculation itself is so hedonistically flawed. The Consumer Price Index, which is what the Bureau of Labor Statistics…
The June 30 FOMC Statement and How it Differs from the May 3 Statement
Those who expect further rate hikes can easily point to the second conclusion stating that the real fed funds rate has yet to reach at least 3.0%. But with oil…
The Euro: Why the Tortoise Could Yet Beat the Hare
It's no surprise that the consensus opinion has shifted radically against the euro in recent weeks. Currency movements, as with any market trend, of course do not move in predictable…
Today's Fed and the Global Search for Yield
While price/earnings ratios are still near historic highs (with a P/E near 21 on the S&P 500, for example), that's certainly a far cry from the market's astounding peak valuation…
The Elusive "Blow Off"
I still don't believe the probability favors the bull's side - there's just too much bullish sentiment given the overbought condition in the markets, the slowing global economy, and high…
Will the Fed Remain "Measured"
The markets are focused on the FOMC meeting on Thursday. Everyone will focus on whether the Fed can remain measured. Even if the Fed drops its measured language, companies have…
Mexico: The State, Oil and Silver
The giant Cantarell Oil Field lies deep under the water of the Gulf of Mexico. But in financial terms it stands astride the entire nation of Mexico. Since its discovery…
Spotlight on Silver
If the wedge breaks, and I think it will, there is a good possibility of a drop all the way to the 6.50-6.70 area. If that support breaks, and right…
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