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 | This Week in Money

• Ross Clark:  Stock Markets, Gold-Silver Ratio, Uranium, Oil, USD, Canadian Dollar.
• Josef Schachter:  (13:50) Energy Sector, LNG, Alberta Separatism.
• Sean Brodrick:  (58:18) Oil, Silver, Gold, Lithium, Copper.

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 | The Myth About Lower Interest Rates

When will cracks in the economy become most obvious?

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 | Is AI Still the Hot Place to Be?

Does the Stock Market still have room for record highs?

June 26, 2025 | Cryptocurrency Space

Are Stock Markets ready to tease record highs?

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 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 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 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 […]

June 21, 2025 | Trading Desk Notes for June 21, 2025

Market reaction to the Israel/Iran war has been muted Israel and Iran are at war, but you wouldn’t know it from looking at this S&P futures chart. The daily WTI crude oil chart shows a bigger price reaction, with prices up ~25% since the beginning of June. However, on the monthly chart, prices around $73 don’t […]

June 21, 2025 | This Week in Money

• Ross Clark:  Stock Markets, Gold, Silver, Platinum, Palladium, Oil, USD, Canadian Dollar.
• Victor Adair:  (15:55) Iran-Israel War, USD, Gold, Silver, Oil, Trading During Times of High Stress.
• Kerry Lutz:  (41:48) Martin Armstrong, Cryptocurrency, US Debt. Book: The World According to Martin Armstrong: Conversations with the Master Forecaster.
• Robert Campbell: (1:03:58) Real Estate, Middle East War.

June 20, 2025 | Israel and Iran are at War But Investors are Unfazed

The Middle East has entered yet another war, this time between Israel and Iran. The U.S. appears poised to get directly involved, on top of its already substantial role as Israel’s main backer. So far, markets haven’t blinked. The S&P 500 is still trading within 2% of its all-time high, and oil is up only […]

June 20, 2025 | Traits of the Happiest People

  Based on my 78 years on this planet, here are what I believe tend to be the traits of the happiest people:   1.  Happy people are healthy – both physically and mentally.   2.  Happy people are married.   3.  Happy people are good at what they do – which gives them great […]

June 20, 2025 | What’s The Best Way to Preserve Wealth In Uncertain Times?

Gold surpasses Euro as second largest reserve of wealth.

June 19, 2025 | Powell Blames Trump Tariffs for Coming Inflation

    I repeatedly warned that the headlines would blame Trump tariffs for the incoming inflationary wave. Jerome Powell stated that “uncertainty is unusually elevated” as a result of tariffs, adding, “someone has to pay for the tariffs.” “Ultimately, the cost of the tariff has to be paid, and some of it will fall on […]

June 19, 2025 | Crypto’s Make Major Stride Towards Legitimacy

It’s now a stock pickers market.

June 18, 2025 | Israel Attacks Iran To Destroy Their Offensive Military Capability And To Decimate Their Nuclear Weapons Program

Israel and Iran at War: Israel had intelligence that Iran had completed building multiple nuclear weapons (8 to 10) and that they were now mating the weapons with their middle and long range ballistic missiles. This alone was an existential threat to them but there was also intelligence that Iran was prepared to give some […]

June 17, 2025 | War – It’s All Connected – Middle East, Russia, and China

  This Middle East War is deeply connected with the war to destroy Russia, and it is all orchestrated by the NEOCONS. I have written before that I argued with Bill Kristol back in the ’90s, whose father helped start the Neoconservative movement. They wanted to remove all opponents of Israel under the pretense that […]

June 16, 2025 | Evaporating Silver

The world is riveted to middle-of-the-night images of Tel Aviv, as missiles rain down from the sky and buildings explode. This is horrifying in terms of human suffering. And it’s exhausting, watching humans find yet another reason to kill each other. But it’s validating for us cynical stackers, as all the silver in those missiles is […]

June 15, 2025 | Wall Street Too Stupid to Worry

There were few headlines out of the Middle East over the weekend, mainly because only Israel and Iran are capable of judging the damage, and neither is saying much. Wall Street, on the other hand, seems quite confident that whatever is happening, and irrespective of the outcome, it will be quite bullish for stocks. As […]

June 14, 2025 | Trading Desk Notes for June 14, 2025

Israel attacked Iran – price action was subdued Nymex WTI futures spiked ~$10 on the news, to the highest prices since January, but closed the day (and the week) ~$5 below the highs. The setback from Friday’s highs may have been an excellent example of “buy the rumour, sell the news.” At Friday’s highs, WTI was up ~30% […]