"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •215 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 1,002.50 | -41.20 | -3.95% |
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WTI Crude •56 mins | 73.16 | +0.63 | +0.87% |
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Gasoline •56 mins | 2.118 | +0.059 | +2.86% |
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Ethanol •215 days | 2.161 | +0.000 | +0.00% |
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Silver •215 days | 30.82 | +1.16 | +3.92% |
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Silver • 215 days | 30.82 | +1.16 | +3.92% | |
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Copper • 215 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 10 mins | 75.44 | -0.23 | -0.30% | |
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Natural Gas • 56 mins | 3.352 | +0.308 | +10.12% | |
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Heating Oil • 56 mins | 2.463 | +0.066 | +2.74% |
Markets
Gold Up as the Current Account Deficit Continues its Rise
The first quarter current account deficit has been released; it was higher than "the market" expected. Now $195.1 billion, an annual run rate of $780.4 billion; at this rate up…
In Denial of Crisis: Part I
In a repeat of errors committed in the 1920's, failure of central bank monetary policy led to the 1990's dot.com stock market bubble and correction in 2000 which now reveals…
Gold's Trifecta Reveals Dollar's Diminished Status
After years of trading in the euro's shadow, this week gold finally reclaimed its role as the safe haven of choice. In the last three weeks, Gold has risen against…
Euro Gold E350!
In US dollar terms gold barely budged in the past week, generally meandering listlessly within a couple percent or so on either side of $430. It is certainly understandable why…
Labor Market Continues To Show Less Vigor
I'm not a big fan of the monthly Employment Situation Report. It's a one-week snapshot of payrolls. It has all kinds of estimates (e.g. small business "birth/death" model) built into…
To Da Moon!? Not so Fast...
As noted in the previous update, the HUI sported a possible H&S bottom. With the impulsive feel to the break of the neckline, it appears Huey will now look to…
Currency Carry Trades
In the Bank for International Settlements (BIS) Quarterly Review dated March 1999 there is a section titled "The yen carry trade and recent foreign exchange market volatility." This report describes…
Breakout?
Well! It's been an interesting few weeks in the precious metals sector - - the patience of many (myself included) has been repeatedly stretched close to the limit. The breakdown…
Where I See the Market Heading
We switched from a 50% long position to a completely neutral position in our DJIA Timing System on Monday morning at DJIA 10,485. A bit early, you may say -…
Crude Awakening!
The majority of analysts, politicians and OPEC wise guys have been calling for a top in the oil price. This has been happening for the past 2 years now and…
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