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April 27, 2020 | Precious Metals, Lockdowns and Reopening

The action in silver is really interesting. Let’s check the prospects for volatile white metal, and the relevant historical analogy it offers. Is the major 2008 – 2020 analogy in terms of price moves remains intact? In short, yes. Silver Shares Its Two Cents Silver plunged to our initial target level and reversed shortly after […]

April 27, 2020 | Buyer’s or Seller’s Market Ahead?

Consumer Confidence, Debt, and Foreign Buyers

April 27, 2020 | Throttle Up

“For a successful technology, reality must take precedence over public relations, for Nature cannot be fooled.” – Richard Feynman – Rogers Commission “It appears that there are enormous differences of opinion as to the probability of a failure with loss of vehicle and of human life. The estimates range from roughly 1 in 100 to […]

April 27, 2020 | The Outcome

Stocks up again. Volatility down. Portfolios restoring. Man, this drives some people nuts. Not a day passes without a renowned macroeconomist wag or savant quant analyst in the steerage section telling you, ‘markets will make new lows,’ or ‘the worst is to come.’ But it’s not happening. It’s done. Mr. Market hit the bottom in […]

April 27, 2020 | Crude Oil Collapses Overnight On Supply Glut And Fractal Analysis Say $7 is Support

Crude Oil continues to be a big mover as the supply glut has really pushed global capacity to its limits. Dozens of full tanker ships are anchored off the California and Singapore coastlines waiting for demand to pick up.  As long as the Virus shutdown persists globally, the supply gut will continue to wreak havoc […]

April 27, 2020 | Lawrence Lepard: Global Margin Call For A Leveraged World

Lawrence Lepard, managing partner with Equity Management Associates, just published a quarterly report in which he explains — among many other things — why current US policy has created a “doom loop” and “a gold opportunity.” Here’s the summary page. For a PDF copy of the full 36-page report, email Lawrence at [email protected] FIRST QUARTER […]

April 26, 2020 | California ER Doctors Speak Out

California ER Doctors Dan Erickson and Artin Massihi This is the same information we are getting from around the country. Hospitals are empty and unless this lockdown is lifted, we will actually see doctors being laid off because there is nobody there and normal healthcare has been suspended. The real public health crisis is the […]

April 26, 2020 | Finally, It Matters What The Fed Can And Can’t Print

Sound money advocates have been proclaiming that “the Fed can’t print gold” pretty much since the end of the last gold standard in 1971. But no one outside our little echo chamber paid attention, fixating instead on what the Fed could print: trillions of dollars that were perfectly fine for buying anything a creditworthy person […]

April 26, 2020 | Wave of Repossessions Coming as Subprime Auto Buyers Miss Payments

  Subprime car lenders report a sharp drop in auto loan payments. In a sign of upcoming trouble, Subprime Car Buyers Miss Loan Payments. Credit Acceptance Corp., the lender to car buyers with subprime credit scores, warned it’s seeing a sharp drop-off in payments as people shift their financial priorities to get through the coronavirus pandemic. […]

April 26, 2020 | The Cost

  It’s been a month, more or less, since the emergency began. Consequences pile up. Few aspects of life have escaped change. Civil liberties, for example, have been slashed. So far most people are willing to trade unemployment, inconvenience, long hair, hug deficits, closed borders, self-anointed cops and draconian rules for what they’ve been told […]

April 26, 2020 | Risk-Takers a Plump Target for the Tax Man

[A longtime contributor to Rick’s Picks thinks the IRS is about to come down hard on hedge funds and other trading entities that appear to be flourishing in these economic hard times. Read  Larry Amernick’s  editorial below to understand why the idea is likely to be a political winner. RA]   As act one of the pandemic crisis […]

April 26, 2020 | Viral Thoughts

We are looking at a world with parameters bounded by pure imagination; where we go from here is anyone’s guess. —Will Thomson and Chip Russell, Massif Capital Today’s letter will be another hop-around review of the crisis landscape. I’ll touch on several topics instead of going deep into a single theme. So much is going […]

April 25, 2020 | The Press is Deliberately Trying to Hurt People for Political Change?

People are starving because of this nonsense of locking down the entire nation. Many live paycheck to paycheck. The leftist media could care less. The total population in Florida is 21.48 million people. The total cases were 30,533 with 1,046 deaths. This is about one-third of the death rate from the flu.   2018 – […]

April 25, 2020 | Predictions: What Will Happen Next in the Corona Crisis?

Sometimes it isn’t all that hard to predict the future. All you have to do is listen to what the social engineers are telling you they’re going to do. For example, when the neocons tell you that we need a “new Pearl Harbor” to justify a transformation of America’s military, you can bet a new […]

April 25, 2020 | Fibonacci Price Amplitude Arcs Predict Big Gold Breakout

Precious metals have become the focus of many researchers and traders recently.  Bank of America recently raised its target to $3000 for gold (source:  In December 2019, we published a research article suggesting precious metals were setting up a long-term pattern that should result in a big breakout to the upside for gold. Every […]

April 25, 2020 | This Week in Money

April 25, 2020 | Trading Desk Notes April 25, 2020

Massive monetary and fiscal stimulus in March and April will “counter” the deflationary surge to some extent…but it’s not a one-for-one “offset”…the deflationary impulse will be sustained…will be pervasive and enduring. For the past 20 years we’ve been trained to believe that stimulus can “turn things around”…so equity speculators have been BTD lately…but bonds, commodities […]

April 24, 2020 | Over 6% of All Mortgages Now in Forbearance

Mortgages in forbearance are on a steep rise due to Covid-19. Black Knight released the following points regarding mortgage forbearance. According to the Black Knight McDash Flash Forbearance Tracker, as of April 23, 2020, more than 3.4 million homeowners – or 6.4% of all mortgages – have entered into COVID-19 mortgage forbearance plans This population represents $754 billion […]

April 24, 2020 | A Boring Day, but Why?

A wasteful, do-nothing day on Wall Street. The tedium is hard to fathom, considering how interesting these times are. The broad averages rose steeply in the first 90 minutes, then spent the remainder of the session giving it all back, although no more. For traders, the tedium could set up a test of whether it […]

April 24, 2020 | Insolvencies Surge as Canadians Pushed to the Brink

The sudden income stop and financial market drop year-to-date have taken most by surprise and stories of hardship are far and wide. Every one of us needs to make our financial decisions as if human life is full of risk every day in every way–because it is.  Against this universal truth, the same factors mitigate […]

April 24, 2020 | Can’t Wait

Normal is gone. At least until the autumn. Then you can get a haircut, jog through the park, grab a beer, see the dentist, buy shoes, pick a new iPhone, or (like me) visit the gym for a four-hour workout to tone up your glistening abs. But some things will be odd for a long […]

April 24, 2020 | Gold Riskier Than You Might Think

Are there any safe havens right now?

April 24, 2020 | Is Current Financial Crisis Worse Than The 1930’s?

How are Commodity currencies like CAD going to do?

April 23, 2020 | Real Estate Crash The Next Shoe To Drop – Part III

Our continued research into the state and status of the Real Estate market continues to point to a process that is starting to unfold in the US which may put price and activity levels at risk.  Within the past two segments of this research article, we’ve highlighted how market cycles and recent market data point […]

April 23, 2020 | CHARTS: A Timely Reminder of What Natural Resources Do for Canada

With humanity demanding products like masks, hand sanitizer, toilet paper, reliable 24/7 fuels and medical products based on plastic and metal, there’s no getting away from it: the world needs Canada’s resources. And herein lies the solution for troubled times. Myths of natural resources A commonly heard myth is that you can’t have a resource-based […]

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