ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
June 29, 2025 | The Four Faces of War
QUESTION: You are pessimistic about a resolution in the Iran-Israel conflict. Why is this different from Ukraine or even Vietnam? Jake ANSWER: This conflict between Iran and Israel is far more serious because it is Religious, not Ethnic, philosophical, or Conquest. The Ukraine conflict is ethnic. Ukrainians wrongly hate Russians because Stalin took their food and starved millions. What they REFUSE to admit […]
June 29, 2025 | The Huge AI Story May Not Be Quite Huge Enough
The S&Ps and Nasdaq hit record highs last week, a surreal milestone that only the Wall Street toadies at Bloomberg and the Wall Street Journal who fabricate the news could take seriously. These are the same folks who bestowed the name ‘Magnificent Seven’ on a bunch of high-flying stocks whose short-squeeze histrionics qualify them for membership in […]
June 29, 2025 | The Great Slowdown
Economic news is increasingly hard to follow these days, mainly because it changes so fast and it gives so many mixed signals. Less than three months ago, we were all in shock from President Trump’s “Liberation Day” tariff announcement. While he paused the worst parts of that plan, US import taxes are still at their […]
June 28, 2025 | Trading Desk Notes for June 28, 2025
This year’s S&P rally to new all-time highs, after dropping more than 20% in three months, was the quickest ever! The S&P has dropped by more than 20% four times in the last 10 years. (2018 down 21% in three months, 2020 down 36% in two months, 2022 down 27% in ten months and 2025 down […]
June 28, 2025 | Is Tokenized Gold the Future of Money?
When cryptocurrencies first emerged, the blockchain (a distributed ledger that tracks ownership of bitcoin and other cryptos) caught the attention of gold-standard proponents. What if, they mused, gold is the base money of the post-reset financial system, but — without ever leaving its vaults — it transacts on a blockchain, giving it the frictionless mobility […]
June 28, 2025 | Tech Talk for Saturday June 28th 2025
The Bottom Line All-time highs for the S&P 500 Index and NASDAQ Composite Index were recorded on Friday! What about a summer rally by U.S. equity indices this year? According to www.EquityClock.com, “The market may be setup for a move higher going into the new quarter. Stocks have tended to produce gains, on average, between […]
June 27, 2025 | Pfizergate
In early 2021, the entire European Union was under lockdown. Governments were prohibiting citizens from participating in society without the vaccination, and the EU’s largest supplier at the time, AstraZeneca, was unable to meet production needs. European Commission President Ursula von der Leyen awarded Pfizer a €35 billion contract, personally, bypassing the proper channels in […]
June 27, 2025 | Crude Oil Prices Barely Move After Armed Conflict Engulfs the Middle East
Why Didn’t Crude Oil Spike After U.S. and Israeli Attacks on Iran? Crude oil prices barely flinched after two shocking military strikes on Iran. On June 13, 2025, Israel launched an air assault. Days later, the U.S. stunned the world by bombing Iran’s uranium refining facilities. Yet Brent crude, the global benchmark, only managed a […]
June 27, 2025 | Black Swans: What If Mexico Nationalizes Silver?
Bad for some miners, great for physical silver Mexico is by far the world’s biggest source of silver: So what happens there matters to all silver investors. And things seem to be changing: Sheinbaum maintains Mexico’s freeze on new mining concessions (BNAmeicas) – Mexico’s President Claudia Sheinbaum reiterated that no new mining concessions will be […]
June 27, 2025 | People with High Incomes Tend to Have the Highest Leverage
Many people believe that “rich people always have money.” What is typically overlooked is that people with higher incomes tend to have higher overhead and debt levels, and any savings they have are often invested in risky asset markets. This magnifies vulnerability to downturns in the economy, income, and stock market, eventually intensifying liquidation cycles. […]
June 26, 2025 | The NATO Summit
A source from inside the NATO summit reported that Trump has correctly stated that Article 5 is voluntary, not a binding commitment. He has said that the US will sell and supply weapons, intelligence, and support to NATO and NATO members if a NATO member is attacked by other countries that are not NATO […]
June 26, 2025 | Copper Squeeze: A Great Story Playing Out as Expected
Gold and silver have generated a lot more buzz than copper in the past couple of years. But that might be changing. On metals exchanges, copper inventories are falling while demand surges, leading to speculation that a “squeeze” will soon spike the metal’s price. As Bloomberg reports: Copper Faces Historic Squeeze With LME Stockpiles Depleting […]
June 26, 2025 | Sell-Side Noise Masks Extreme Financial Risk
Stock bulls cite prices back near all-time highs as a self-fulfilling prophecy for financial resiliency. After rebounding 22% since the April 8 lows, the S&P 500 is now +3.5% year to date and .90% below its February high. Another way to say this is that large-cap stocks have returned to extreme capital risk and overvaluation […]
June 25, 2025 | World Economic Forum Aims to Repair Relations with Schwab
World Economic Forum founder Klaus Schwab stepped down from his chairman position at the organization on April 20, 2025, amid accusations of fraud. Our computer had forecast that the WEF would enter a declining trend with the 2024 ECM turning point. This staged coup happened about 37 years after the first Davos meeting (8.6 […]
June 25, 2025 | Israel – Iran War Over – Maybe Or Maybe Not?
Summary: Israel and Iran Keep Fragile Ceasefire After Devastating 12-Day War!: Crude oil has taken a quick round trip from US$59.74/b in late May to US$78.40/b late last week as Israeli and then US B2 bomber attacks knocked out the key nuclear weapons infrastructure facilities. Then when this operation was completed crude retreated to US$64/b […]
June 25, 2025 | Households Burning Home Equity at Fastest Rate Since 2008
In a sign of financial stress, an increasing number of homeowners are withdrawing equity from their homes for cash to pay down other high-interest consumer loans and credit cards. Debt consolidation is cited as the top reason for people taking out Home Equity Lines of Credit. See, Should you use your home equity to pay off […]
June 25, 2025 | How to Finance Foreign Real Estate
Geographic diversification — that is, buying and/or storing assets overseas — is a good way to hedge against the increasingly real possibility that the US government will go a little crazy when the fiat currency experiment fails. But it’s not simple. Over the years, I’ve come close to buying real estate in Costa Rica and […]
June 24, 2025 | NATO Pledges $40 Billion to Ukraine
The neocons would never permit a true ceasefire. The war in the Middle East must continue in order to broaden the West’s conflict with Russia. Russia is not permitted to remain neutral, despite Putin’s insistence. Follow the money—NATO has assembled $40 BILLION to prolong aggression against Russia. “Let’s not forget, Iran is heavily involved in […]
June 24, 2025 | Rare Earth Recycling in Canada
This is the right idea…reduce waste, reuse, recycle. Ahmad Ghahreman, CEO of Cyclic Materials, discusses the plans to build a recycling plant in Ontario and the development of rare earth minerals in Canada. Here is a direct video link.
June 23, 2025 | The Strait of Hormuz – Incoming Global Energy Crisis?
Supply chain constraints are inevitable during wartime. Shippers are actively avoiding the Strait of Hormuz that connects the Persian Gulf to the Arabian Sea amid the Iranian nuclear tensions. This is a significant disruption as around 20% of global oil is funneled through this passageway. Oman’s Musandam Peninsula hosts a narrow passageway with Iran […]
June 23, 2025 | Fade the Forecasts
Happy Monday Morning! Quite the headline this past week. CMHC gives up on goal to return to 2004 housing affordability levels. In other words, CMHC discovers they’d be insolvent if affordability returned to 2004 levels, abandons goal. Considering CMHC backstops the insurance market in this country, having national home prices (their collateral) decline 71% from […]
June 23, 2025 | Canada’s Cottage Collapse
The harsh math of recreational properties… costly consumption spending. ” Is it serving you and your family, or your ego?” Cottages were once a dream… but in 2025, they’re a financial nightmare. The harsh truth behind Canada’s cottage collapse. While prices are falling, affordability is still out of reach for many. A shocking 57% of […]
June 22, 2025 | As Always – Unintended Consequences of Neocon Objectives
COMMENT: Marty, it is disgraceful that people take your work and issue books pretending it is their research. Yet it is even more shameful that Donald Trump isn’t calling you for advice instead of these people who couldn’t find the door in a room if the lights went out. You stated clearly that Iran’s […]
June 22, 2025 | It’s Official: We’re Back in the 1970s But with Even Bigger Risks and Opportunities
Okay, let’s see: We now (as of yesterday) have a Middle East war that’s threatening to interrupt the supply of oil. And… Deteriorating government finances. Civil unrest and political chaos. A revolting bond market. Soaring gold and rising silver. Yep, it’s official. We are back in the 1970s, which, for younger readers, was a decade […]
June 22, 2025 | Wall Street’s Epic Bunco Game
Tulipmania and the South Sea Bubble have nothing on the bunco game Wall Street has been running with Microsoft shares. I write on this subject often because the numbers are so huge, and because the game, which is intertwined with the biggest financial con-job in history, is not one you will ever read about in The […]