"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •212 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 1,043.70 | +16.70 | +1.63% |
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WTI Crude •8 hours | 72.53 | -0.20 | -0.27% |
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Gasoline •10 hours | 2.037 | -0.001 | -0.04% |
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Ethanol •212 days | 2.161 | +0.000 | +0.00% |
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Silver •212 days | 30.82 | +1.16 | +3.92% |
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Silver • 212 days | 30.82 | +1.16 | +3.92% | |
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Copper • 212 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 10 hours | 76.76 | -0.11 | -0.14% | |
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Natural Gas • 8 hours | 3.044 | -0.003 | -0.10% | |
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Heating Oil • 10 hours | 2.485 | +0.009 | +0.37% |
Markets
Speculator and Liquidity Unfriendly
A timely article by Motoko Rich and David Leonhardt - "Trading Places: Real Estate Instead of Dot-Coms" - graced the front page of this morning's New York Times. In the…
Speculative Blowouts: Commodities Now
The action in commodities has become an irresistible bubble. This enjoys similar convictions to those fully expressed in the tech mania that blew out in 1Q 2000. It also shows…
The Beginning of the Silver Bull Market
Now we are at an interesting if not critical juncture in the silver market. The graph below shows the price action since the recent $8.49 high of April 2004. In…
Real Rates and Gold 8
This week witnessed some big news on the real interest rate front. Notable developments hit the wires in both key components of real interest rates, nominal 1-year US Treasury Bill…
Moneyization Part Nine
In Moneyization Part Eight we talked about the difference between thinking of money as a stock, or balance, and a flow. That article is good background material for gaining an…
March Madness for the S&P 500
For the past six years, major trend changes have started during the month of March, with several around the equinox. And it looks as though this has occurred once again…
Gold - The Weekly Global Perspective
What a contrasting week for South Africa this week was. On the one hand, primarily due to falling differentials between South African interest rates and rising U.S. interest rates, the…
Maturing Bear Trend - Are You Listening?
This week the FOMC continued the steady increase in the short term Fed Funds rate with another 25 basis point move. Just as everyone thought right? Something was not right,…
More Downside to Come?
In a way, this is a continuance from last Thursday's commentary - a commentary about the potential/beginning deterioration of credit quality not just in the U.S. but around the world…
The Goldbug Variations I
This is a rejoinder to a piece of the same title by Paul Krugman, MIT professor (now at Princeton) and staff writer of The New York Times. It was posted…
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