"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •143 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •15 mins | 975.10 | +4.60 | +0.47% |
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WTI Crude •1 day | 71.24 | +1.14 | +1.63% |
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Gasoline •1 day | 2.061 | +0.002 | +0.10% |
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Ethanol •144 days | 2.161 | +0.000 | +0.00% |
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Silver •143 days | 30.82 | +1.16 | +3.92% |
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Silver • 143 days | 30.82 | +1.16 | +3.92% | |
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Copper • 143 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 1 day | 75.17 | +0.94 | +1.27% | |
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Natural Gas • 1 day | 3.129 | -0.210 | -6.29% | |
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Heating Oil • 1 day | 2.275 | +0.001 | +0.02% |
Markets
100 Basis Points Left
The Federal Reserve lowered the target rate for federal funds by 25 basis points to 1.0%. Furthermore, the Federal Reserve said, "the probability, though minor, of an unwelcome substantial fall…
Pre-announcements Heating Up
The New York Times announced on Wednesday that profits will be lower than expected. The publisher of the New York Times and The Boston Globe said revenue related to travel…
Consumers Continue To Pull The Economy
Retailers reported May sales last week that were generally within analysts expectations. As a group, same store sales increased 1.8% year-over-year. Discount stores continue to be the leading sector in…
Stop Making Sense
May auto sales came in at an annual rate of 16.1 million units, which was a little better than expected and just a bit below the 16.4 million vehicle rate…
Buy a Home and a Homebuilder
The S&P Homebuilding index is up almost 45% year-to-date and several homebuilders are trading at all-time highs. It is far and away the best performing non-technology related group so far…
Kohl's Turns Cold
Last week, retailers started reporting first quarter earnings and several had disappointing results. Not only have sales been below plan, but a large number ended the quarter with bloated inventory…
Are Retail Sales Sailing Away?
On a year-over-year basis, ex-auto retail sales increased 2.8%, which is the lowest year-over-year increase since February 2002. But here again it is compared to a very strong prior period.…
Squeeeeez
The job creation by the government sector stalled late last year. Since October 2002, only 31,000 government jobs have been created. During the prior eighteen months, government payrolls increased by…
Confidence Abounds
After the war in Iraq drew to a close, there was little doubt that confidence would rebound. On Monday, the UBS Index of Investor Confidence soared 61 points to 66.…
More Earnings
The homebuilders have been reporting stellar results, and have to be best performing area of the economy. The companies do not see the strength abating soon. At D.R. Horton sales…
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