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July 31, 2020 | Norwegian Krone: Backdoor Way To Play Euro and Oil Weakness?

USD/NOK has a tight negative correlation with the euro. And as suspected, the currency is also impacted by oil prices. We suspect oil goes lower given the dismal demand in the real economy. Below a look at USD/NOK with EUR/USD (inverse) overlaid and our Wave view on oil. Oil (WTI) Daily:

July 31, 2020 | The Fed is Here to Help

The Federal Reserve made no change to its interest rate at this week’s meeting. The media release said that the Fed is worried about the economic impact of COVID-19. The Fed said it will use its “full range” of tools to support growth. What more can the Fed do? The US Federal Reserve continues to […]

July 31, 2020 | GDP & Consumer Confidence in Crash Mode

The impact of Coronavirus is far worse than most can imagine. GDP dropped 32% during the 2nd-quarter which is a new historical record surpassing every recession and the Great Depression of both the 19th and 20th centuries. The epidemiologists cannot be this stupid. The people who have died because of a lack of healthcare during […]

July 31, 2020 | Us, 1. Them, 0

Friday of a long weekend. Yahoo! In the middle of a pandemic. Yuck! These are weird days, as this pathetic blog chronicles. In the last 24 hours, for example, more evidence some industries are in deep poop (technically speaking) while others are feeding off Covid. Air Canada’s revenues have collapsed 89% and its stock is […]

July 31, 2020 | When It Rains It Pours, Florida Edition

Problems often come in bunches. And each new one adds — sometimes exponentially — to the complexity of a given situation. See One Problem Is Manageable. Five Might Not Be. The latest example of this unfortunate principle in action is the mess Florida might face in a few days. The state is already battling a […]

July 31, 2020 | Can Investors in Gold or Bonds Both Be Right?

How to dig deep into junior gold explorers

July 30, 2020 | 3 Charts Show Smart Money Is Buying Gold

I’ve been pounding the table about how negative real interest rates are firing up gold. The reason is that with bonds yielding so little — and less than zero when you figure in inflation — it makes gold a lot more appealing. And right now, the amount of negative yielding debt in the world is […]

July 30, 2020 | Generalist Investors Double-Edged Sword for Gold and Silver

My research on Robinhooders getting involved in the monetary metals space has generated a huge amount of interest. And concern. Long-time gold bugs don’t trust young, momentum-chasing investors to stick with gold and silver—let alone the stocks. This is not without good reason; by definition, generalists are not gold bugs. Those of us who’ve been expecting this […]

July 30, 2020 | More Challenges for China and Global Supply Chains

The shift of production back to North America and Europe is a macro theme with legs.  First, came trade disputes and rising protectionism along with steadily rising emission restrictions and carbon taxes that make international shipping more expensive.  Next, COVID-19 showed the west its vulnerability in having essential equipment, supplies and medicines made far from […]

July 30, 2020 | Bug Update

Just another day on the farm. Ninety thousand more bank workers told to stay home. Trump suggests the election (that will likely defeat him) be delayed. The American economy contracts the most in, oh, 200 years. You don’t need to pay your income taxes now until the end of September. And a ten-year mortgage costs […]

July 30, 2020 | Precious Metals Warn Of Increased Volatility Ahead

Our trading team witnessed a big drop in Platinum and Palladium prices early this morning while Gold and Silver continued to push moderately higher.  We began to question this move and investigate any historical relevance to previous patterns.  Our research team pointed out that both Platinum and Palladium rolled lower just 3 to 4 days […]

July 30, 2020 | Recession Part II

As we head into the fall of 2020, the damage from this coronavirus lockdown will begin to make its full impact felt. While about 25 million unemployed receive $600 a week, there remain arguments to reduce that to $200. Meanwhile, the real impact will be witnessed as the eviction moratorium, which lasted for nearly four […]

July 30, 2020 | Is Gold in Risky Bubble Territory?

Surprise stocks keeping traders on their toes.

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July 30, 2020 | Are the Markets Hooked on “Hope-ium”?

Can the Fed counter market cycles?

July 29, 2020 | Technical Patterns, Future Expectations and More – Part I

Continuing this multi-part research article, today we are going to explore some more immediate (shorter-term) technical setups.  If you missed the first part of this research article, please take a minute to review it before continuing because there is quite a bit of information and related article links that are very important for you to […]

July 29, 2020 | Deeper & Deeper

Did you think it would take this long? Me neither. The hammer came down mid-March. Now it’s August, almost. Yesterday Scotiabank says it  decided few, if any, workers would return to its gleaming, 68-storey Toronto head office tower at King & Bay Streets in 2020. In the spring. Perhaps. Google announced a few days ago […]

July 29, 2020 | Lawmakers Pretend to Grill Tech Mafia Dons

Corleone, Barzini, Tattaglia, Cuneo, Stracci.  They were all on Capitol Hill Wednesday, feigning respect toward a Congressional panel that seems unlikely ever to earn anyone’s respect. Tech’s dons will return this weekend to their Left Coast aeries, secure in the knowledge their inquisitors will never figure out how Google, Amazon, Twitter, Facebook and AAPL make […]

July 29, 2020 | Gold Goes Mainstream, New York Times Edition

There’s a stage in precious metals bull markets where even the least-interested mainstream media outlets feel compelled to acknowledge that something big is happening. This helps prolong the uptrend by bringing gold and silver to the attention of people who are either unaware of the metals as investments or aware but in need of convincing. […]

July 29, 2020 | Gold, Gold Miners, Gold Juniors

Cryptos and High Risk Tolerance

July 29, 2020 | Gold, Silver, Bitcoin, US Dollar

Crude Oil, Interest Rates, Bonds

July 29, 2020 | US Dollar vs. Canadian Dollar, Gold, Oil

“Risk On” Attitude Propelling Markets

July 28, 2020 | Facebook Calls for the Break-Up of US Government

The high Tech leaders are to testify before Congressional House antitrust investigation into the market power of major tech companies. This will in Jeff Bezos, the world’s richest person, Apple, Google, and Facebook. The House Judiciary Committee has been pushing for them to return to testify in front of its investigation into antitrust. Facebook CEO […]

July 28, 2020 | Winter is Cycling Back Around

If there’s one thing my late friend and colleague Larry Edelson and I noticed, it’s this: Just about everything in the universe goes around in cycles. Israel’s King Solomon understood this timeless principle: “The thing that hath been, it is that which shall be; and that which is done is that which shall be done: […]

July 28, 2020 | ABC News: Sydney Rents Drop and Thousands of Homes Lie Empty Amid Pandemic

As in the most populated areas of Canada, uneconomically high property prices and rents in Australia were only made possible by unsustainable domestic debt levels.  COVID-19 is proving a mean-reversion catalyst. Sydney’s rental market has changed rapidly since the start of the pandemic. Thousands of homes across the city are sitting empty and rents have […]

July 28, 2020 | When Fear Wins

If you’re a wuss, these are tough days. Not only do you need to fret about being infected while shopping for prunes at Loblaws, but the whole financial world seems, well, nuts. The stock market might have jumped 48% since the end of March, rewarding risk, but savers and equity scaredycats have been seriously whacked […]

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