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October 29, 2019 | Gold’s ‘Little Brother’

“And I bought the field of Hanameel my uncle’s son, that was in Anathoth, and weighed him the money, even seventeen shekels of silver.” — Jeremiah 32:9 Over the last few weeks, I’ve talked about how the war cycles I follow are pointing to chaos ahead. And that having some “real money” in the form of […]

October 29, 2019 | Compliance

By Wednesday afternoon – for the first time in a few years – US interest rates will be lower than those in Mapleville. Our central bank is universally expected to hold the line and make no cut. The Fed’s widely anticipated to trim once again by a quarter point. That’ll make three. Donald Trump, who […]

October 29, 2019 | ICBC High Costs Deterring Hiring of Young People

October 29, 2019 | The Over Asking Condition FREE Con Game

Rate Hikes and Home Price Disconnect

October 29, 2019 | Gold and Silver

Will tomorrow see the last Fed rate hike of the year?

October 29, 2019 | ICBC a Nightmare for BC Taxpayers

October 28, 2019 | Powerful Lessons of Silver’s Daily Reversals

Friday’s session was exceptional for several reasons and the most profound ones are gold’s and silver’s sizable intraday rally, and the subsequent slide. The reversals that both metals created are practically screaming signs pointing to what’s next. The way mining stocks behaved, and how gold closed relative to its previous tops also have important implications, […]

October 28, 2019 | X Marks the Spot—But It’s Knowing Where to Put It That Matters

A reader questioned me on the value of my services, and I thought my answer could be of interest and use to others. So… There’s a story of a repairman called in to fix a problem Henry Ford had with a big machine at his plant. Some versions of the story say it was a […]

October 28, 2019 | Bubbles Everywhere: All Dressed Up and Nowhere to Hide

Economist Robert Shiller says there is no alternative to riding out bubbles. Please consider Stock Market Crash Near? Nobel Laureate Sees ‘Bubbles Everywhere’ When Nobel Laureate and “Irrational Exuberance” author Robert Shiller says he sees bubbles in the financial markets — you’d better listen up. He literally wrote the book on stock market crashes and bubbles […]

October 28, 2019 | Abnormal

Normal people don’t read this blog, as you know. Apparently they’re all at home making Halloween costumes for their children from discarded fast food wrappers and tree sap. The picture painted by a new survey is, well, chilling. The masses are sinking into a morass of debt and delusion. Here’s what polling done for MNP […]

October 28, 2019 | Earnings Recession, Oil Co Strains and Doubling Defaults

Many relevant observations in this segment on growing financial strain.  A decade of low rates and excess liquidity has led to a brutal investment set presently on offer.  This will change in the next clearing event, when present holders are liquidating in panic and sober capital is picking up bargains.  Meanwhile, it pays to wait. […]

October 28, 2019 | Welcome To The Third World, Part 30: California Burning In The Dark

Venezuela has suffered through recurring power outages this year, as money for routine maintenance dries up and power plant employees flee the country (and, okay, as the US practices its cyberwar skills on a vulnerable target). Some of the blackouts have lasted as long as a week. Here’s an aerial photo comparing Caracas on a […]

October 28, 2019 | Nominal New Highs Reached – Skilled Traders Should Still Be Cautious

The US Stock market rallied on Friday, October 25, on TESLA earnings crushing expectations as well as news that any positive US trade deal outcomes could see almost immediate removal of future tariffs that are scheduled to be implemented near the end of October.  This was enough for the markets to rally from the start […]

October 28, 2019 | Liberal Arrogance Won’t Help Western Alienation

October 28, 2019 | Will Trudeau Listen to a Conservative West?

October 27, 2019 | Conflicting Signals

The US Fed meeting went much as I expected, though more hawkish than most of Wall St expected. Even so, markets reacted with reasonable calm to that and several other events in the past couple of weeks. I continue to be impressed by how stable equity markets are, really, given the mayhem in so many […]

October 27, 2019 | 3 Moon Shot Reasons to Buy Gold Right Now

Very soon, I’ll be heading off to the New Orleans Investment Conference. It’s going to be a great time, and a productive one. I’m already lining up interviews with gold junior miners and explorers. These are interviews I can share with my subscribers. And the timing couldn’t be better. With gold readying for its moon shot […]

October 27, 2019 | Bitcoin’s Big Leap Puts a $21,032 Target in Play

Bitcoin has taken a so-far $2500 leap, its most powerful rally in nearly a year, since Thursday evening, when Rick’s Picks issued a ‘buy’ signal on YouTube and Facebook.  It was triggered when a widely tracked bitcoin vehicle with the symbol BRTI touched $7609 a day earlier. That represented a spectacular fall from the $13,855 peak reached in June. ‘Mechanical’ […]

October 27, 2019 | The Big Bite

Justin Trudeau may be the prime minister. But Jag Singh may up being the finance guy. As mentioned here a few days ago, it’s the sum of all fears – that a minority left-lib government will cave to the far-lefties in order to retain power. T2 says no coalition. But he cannot govern without support. […]

October 27, 2019 | China’s Disturbing Vision

And once you see it, you cannot unsee it. I’m not alone. Here is what we are observing at macro scale: That it has been common knowledge—something we all knew that we all knew—since the Nixon years that by simply exporting capitalism and free enterprise, we would unshackle the forces of freedom in China. That […]

October 26, 2019 | Europe is Losing 1,000 Farms Per Day & Climate Change Regulations May lead to Starvation

The new EU Agriculture Commissioner has publicly stated that Europe loses 1,000 farms per day. He acknowledged that the EU is losing 400,000 farms per year. However, crop and livestock production in Europe is projected to decline and maybe completely abandoned Europe’s southern and Mediterranean regions due to the increased negative impacts of climate change, according to […]

October 26, 2019 | Subprime Auto Loans Blow Up, 60-Day Delinquencies Shoot Past Financial Crisis Peak

Santander Consumer USA is on the forefront of souring subprime-auto-loan backed securities. Santander Consumer USA, one of the largest subprime auto lenders and the largest securitizer of subprime auto loans, is not alone. But it’s on the forefront. It had $26.3 billion of subprime auto loans as of June 30 that it either owned and […]

October 26, 2019 | The Religion of Government

“The President of the United States is in danger of losing the mandate of heaven.” Thus spake Pat Robertson during the recent brouhaha over Syria where the unthinkable notion that the US might actually pull out of a war zone instead of putting more troops in it began to materialize last week. Now, you might be tempted […]

October 26, 2019 | This Week in Money

October 26, 2019 | Trading Desk Notes October 26, 2019

The S+P 500 index hit a new ATH today…up ~ 6% from Oct 3 lows…up ~11% from mid-summer lows…up ~29% from last December lows. We’re in the heart of quarterly earnings season…companies that beat are aggressively bid…companies that miss are clobbered. Markets are embracing risk…implied vol is back to mid-summer lows…even as global economic growth […]

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