Blogs

Barclays’ recent Libor (London Inter-Bank Offer Rate) scandal has revealed the ability of big banks to fix the index or benchmark rate. Libor is the main index banks use for borrowing and lending purposes and includes a series of rates set daily by a group of international banks in London. It’s...

While crude, ES, YM, NQ, and everything else under the sun rallies, natural gas says, “no way”—as usual, it tends to do its own thing.  On the daily chart, we have a bearish outside vertical candle/bar that formed, after price tested the old floor (support level) around 3.70. In my opinion, the best bearish outside bars are the ones that close lower...

As everyone knows by now, Clowngress is meeting behind closed doors this weekend to hammer out a deal that would allow us to raise our countries debt ceiling a few trillion dollars so the corporate plutocrats can continue to keep their global stock market bubble inflated. For the next several days of meetings, our representatives will assemble to acting out...