From the monthly archives:
At times like these, when emotions are running high in the markets, it pays to take a few steps back … look at the charts … and put the markets into perspective.
It’s a great way to see how the short-term price action fits in with the longer-term view or big picture.
So take a [...]
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Food prices to post biggest rise since 1990: USDA
WASHINGTON (Reuters) - U.S. consumers should brace for the biggest increase in food prices in nearly 20 years in 2008 and even more pain next year due to surging meat and produce prices, the Agriculture Department said on Wednesday.
Food prices are forecast to rise by [...]
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Looks like my forecast is still right on the money — producer prices the highest in 27 years. Once that feeds through to the consumer, the conservative, manipulated CPI will have no choice but to bust through to record highs as well. — Larry Producer Price Index Jumps 1.2%; Housing Starts Reverse June Rise [...]
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Yesterday the International Energy Agency (IEA) raised its forecast for global oil demand in 2009 and said it expected Chinese oil consumption to increase after the Olympics. Chinese demand “will likely rebound” with the lifting of measures to curb pollution during the Olympics, it said.
Chinese oil demand is expected to increase 5.7% next [...]
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Since July 31, gold has fallen hard ― by more than $100 an ounce. But don’t be fooled by this move down. As I’ve said many times before, gold’s bull market is far from over. If you look at the big picture, you’ll see the larger trend that’s very bullish for the yellow metal.
In [...]
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