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Markets

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Swiss Bank Hits Customers With Negative Interest Rates; Crazy? What About Velocity?

Nov 24, 2015 at 06:36

It's crazy to keep trying things that cannot possibly work, over and over again.

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Another Look at The Gold Price Drop of 6 November

Nov 24, 2015 at 06:16

The prevailing view in the gold community is that banks are speculators who bet on a falling price. To begin, they commit the casino faux-pas of betting on Do Not…

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Corn Popping Higher

Nov 24, 2015 at 06:14

The corn price finally looks set to pop a lot higher so let's look at the short term action with the daily chart and then refresh ourselves of the long…

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Gold - Weakening

Nov 24, 2015 at 05:55

Gold has bounced slightly off 1067 yet technical structure indicates further bearish momentum. Support is given at 1045 (05/02/2015 low) and hourly resistance is given at 1110 (06/11/2015 high). Expected…

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Trouble Is Brewing in the Paper Markets for Gold and Silver

Nov 23, 2015 at 17:00

Precious metals bulls question why metals prices keep falling in the face of what appears to be strong demand and great fundamental reasons for prices to move higher instead. The…

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Hybrid Lindsay Forecast for a High

Nov 23, 2015 at 16:27

The Hybrid Lindsay forecasts occasionally shared with readers in this space are a combination of the work done by the great twentieth-century technician, George Lindsay, and my own, more traditional,…

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Existing Home Sales Decline, NAR Calls Report 'Disturbing'; First Time Buyers Decline Third Year; Housing Clearly Weakening

Nov 23, 2015 at 12:32

Existing home sales came in a bit under Bloomberg Econoday Consensus, down 3.4% in October. Year-over-year trends are weakening.

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Welcome To The Third World, Part 16: The Best Jobs Are Now In Government

Nov 23, 2015 at 10:55

Years (actually decades) ago I lived in a New York University grad student dorm that housed mostly elite kids from other countries. Sons of African finance ministers, daughters of European…

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Will Fed Raise the Discount Rate Today?

Nov 23, 2015 at 08:15

I continue to expect a December rate hike is far from accomplished, regardless of today's decision on the discount rate.

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The Success of Irish Austerity: The Joke is on Krugman

Nov 23, 2015 at 08:09

During the late 1990s, Ireland's economy was booming. This was mostly due to a low corporate tax rate of just 12.5% and an international real estate bubble that boosted global…