"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •322 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •15 mins | 1,081.10 | -3.30 | -0.30% |
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WTI Crude •10 mins | 61.10 | -0.47 | -0.76% |
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Gasoline •10 mins | 2.126 | -0.024 | -1.12% |
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Ethanol •322 days | 2.161 | +0.000 | +0.00% |
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Silver •322 days | 30.82 | +1.16 | +3.92% |
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Silver • 322 days | 30.82 | +1.16 | +3.92% | |
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Copper • 322 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 10 mins | 64.29 | -0.62 | -0.96% | |
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Natural Gas • 10 mins | 3.242 | -0.126 | -3.74% | |
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Heating Oil • 10 mins | 2.110 | -0.029 | -1.37% |
Markets
EUR/USD - Approaching Declining Trend Line
EUR/USD is approaching the declining trendline. Over the last month, the pair is setting higher highs. There is a short-term upside momentum. Hourly resistance lies at 1.1278 (29/06/2015 high). Stronger…
Shanghai and DAX-30 Dance around 200-DMA
Overnight, China central planners saved the 200-DMA in the Shanghai Composite, with an intraday 6.7% recovery following an earlier 5% decline. This is especially crucial as the index held above…
Energy Markets and Jobs Disintegrating
The US Energy Information Administration released their weekly data this morning as usual. The reaction to the data from crude oil was anything but the usual. Most everyone in the…
Canaries
The above is a rich harvest of observations. We should all be thankful for the rapid dissemination of international comments on what basically is the completion of one huge financial…
Crude Oil Works In Mysterious Ways
According to CNBC, Hall's oil-focused commodity hedge fund plunged 17% in July, its second-biggest monthly loss ever. And one that left the fund "$500 million poorer." In a letter to…
Summary of My Post-CPI Tweets
As I said, I really don't see how the Fed can think about hiking rates in September based on the data we have seen recently. Yes, inflation is on the…
How Cheap are Mining Stocks Now? Are Gold Stocks Cheaper Than They Were in 2008?
All major governments around the world (inclusive of central banks because they are not independent) have pumped remarkable amounts of fiat "money" into the system which despite the relentless arguments…
Plotting the Fed's Baby Step 1/8 Point Hikes; Yellen vs. Greenspan 'Measured Pace'
The market still believes the Fed will hike rates in September or October. The CME's FedWatch Sees it like this...
Oil Trading Alert: Time for Reversal?
On Tuesday, crude oil gained 1.17% as hopes that crude oil inventories could decline for a third consecutive week weighed on investors' sentiment. Thanks to these circumstances, light crude bounced…
GBP/JPY - Targeting Year High
GBP/JPY has broken the short-term rising channel. Key resistance lies at 195.88 (year-high) and 197.45 (26/09/2008 high). Stronger support is given by the 38.2% Fibonacci retracement at 187.86. We expect…
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