July 23, 2020 | Gold Has Only One Resistance Point Left: The All-Time High

  On a monthly chart, the last resistance point for gold is the $1923 peak in 2011. Why Gold?Tensions of all sorts are on the rise in the US , EU, and globally: Covid, employment, fiscal stimulus China (military and economic), and massive increases in money supply by the central banks, especially the Fed. Cup […]

July 23, 2020 | Head Faking

Sales of detached houses in Toronto fell double-digits last month. But deals for properties in the burbs – even the faraway ones – rose by just as much. Toronto condo listings are growing like mushrooms in the humidity, Rents and prices are under pressure. Meanwhile in Muskoka and the Kawartha locals say the market’s on […]

July 23, 2020 | Apple’s Problems

AAPL fell hard Thursday, although it’s too early to tell whether this was just a garden-variety shakedown, or perhaps the start of a new bear market. There was news out that some state attorneys general were investigating the company for deceiving customers. But if such investigations ever had consequences or produced results, public floggings for […]

July 23, 2020 | Financial Fantasy Has Led Most To A Nightmare

The WSJ Daily Shot chart below (since 1990) shows the unprecedented gap between the S&P 500 index price (red) and after-tax corporate profits (in black).   The disconnect is wider today than the previous tech bubble top in 1997-2000.     Although bulls always urge that fundamentals are irrelevant and ‘this time is different’, it’s worth noting […]

July 23, 2020 | It’s Not Time to Sell—But This Could Tell Us When It Is

I’m as bullish as anyone about the price of gold and silver. But with gold within kissing distance of $1,900 and an all-time-high as I type, some folks holding large, unrealized gains are wondering when the top will be. And how will we know? As a rational, disciplined speculator, I have to say that we’ll […]

July 23, 2020 | Precious Metals Spike and Us Warn Of Danger – Part I

If you have not been paying attention to what is happening in Gold, Silver, and Platinum over the past 3+ days, then read this research article carefully.  If you have been paying attention to the move in Precious Metals, then keep reading to learn why this move is so important.  Here we go… Precious metals […]

July 23, 2020 | What Needs To Be Done To Get Canada Working Again?

• Kris Sims – CERB Causing Labour Shortages

July 23, 2020 | Is it Time to Cash Out and Watch?

Markets tend to do exactly what you don’t.

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July 23, 2020 | BC Construction Needs Workers

• Jordan Bateman –  BC government has nothing to help tourism, culture, arts

July 23, 2020 | Huge Disconnect Between Stock Market and Profits

Pandemics always cause huge changes

July 22, 2020 | Tesla Beats Expectations of the Usual Knobheads

  Tesla eked out a modest profit for a fourth straight quarter, earning a listing in the S&P 500. The stock laid an egg in after-hours trading, however, making money only for naked-option sellers who cashed in on some of the juiciest options premium traders can recall. Such are the rewards of the most manic, […]

July 22, 2020 | COVID Tests are Deliberately Being Used for Political Purposes

There is MASSIVE fraud taking place in COVID-19 reporting, which is clearly occurring for political purposes and should be declared a criminal act. I know people who signed up to be tested but never received a test because the line was too long. They subsequently were told they tested POSITIVE when they never were tested. Then people were recorded […]

July 22, 2020 | The Big Unanswered Question

Let’s step back from the debates raging among resource investors and consider the big, unanswered question. I’m not talking about whether silver is better than gold. Or if either of those metals’ next moves are up or down… or if uranium will finally have its day in the sun as well… or if copper and […]

July 22, 2020 | The Big Infection

Could Covid take out the leaders of both Canada and the US? The virus that just won’t quit has lasted longer than most people imagined, continues to chew its way through society, has levelled economies, erased the jobs of hundreds of millions, has public finances circling the drain and now, spectacularly, weakened both Trump and […]

July 22, 2020 | Gold

Having broken through the $1817 resistance, gold is moving nicely towards our targeted time window around July 24th for an interim high and a measured objective of $1888.

July 22, 2020 | Silver Starting to Really Take Off

Uranium getting a new glow

July 22, 2020 | Is Gold-Silver Ratio “Normalizing”?

Will continuous stimulus lead to stagflation?

July 21, 2020 | Unprecedented Recession Synchronization and What it Means

The global recession has no precedent in terms of synchronization. Deflationary ConsequencesLacy Hunt at Hoisington Management explains the deflationary consequences of the current global situation in its Second Quarter 2020 Review.Hunt commented on the four economic challenges central bankers face as noted below.Four Economic Challenges Over 90% of the world’s economies are contracting. The present global […]

July 21, 2020 | Was Genoa the Best form of Government?

Genoa 1481 COMMENT: Dear Martin, Thank you for your work. It is not anymore about the economy but about surviving through the mayhem that is on the horizon. Thank you for doing your part in sharing what you know, for being bold and for not bending. I was taught to go after ” independent thinking” and […]

July 21, 2020 | Europe Bails Out Its Failed States with “Common” (i.e. German) Bonds

The “European Project” was designed with something like the current crisis in mind. The adoption of a common currency was just the first, politically easiest, step in a process that would eventually – its architects hoped – culminate in something like the United States, where a bunch of different geographic and cultural entities are subordinate […]

July 21, 2020 | Is a Major Tone Change Imminent?

Some interesting things are happening in the markets that could augur an important tone change. For one, the frothing-at-the-mouth idiots who have been pushing Tesla shares into the ionosphere went quiet just a day ahead of earnings. Ordinarily that would be no big deal, but in this case it reflects timidity that has been absent […]

July 21, 2020 | Household Behavior Shifts: Positive Longer Term, Negative for Economy Near Term

Half of the independent Canadian restaurants recently surveyed say that they are unlikely to survive the current crisis.  This is bad news for small business owners in the sector, as well as related lenders, employees, landlords, economic growth and tax collection. A similar trend is evident in the American data and surveys as shown in the chart […]

July 21, 2020 | 3 ‘Uh-Oh’ Economic Charts

The folks in Washington are wrestling over the size of another stimulus package — it should be over a trillion dollars, potentially even more. In the short term, more “free money” should drive stocks up. But there are some real reasons to go “uh-oh” on the economy. So, while you ride this rally, be aware […]

July 21, 2020 | The Surprise

Have you ever noticed the way media covers financial stuff? Never fails. When the market loses 2% in a day, it ‘plunges’ as ‘investors stampede the exits.’ This is big news. Pay attention and be terrified. However, when stocks add hundreds of points in a day, the story is buried, and preceded with, ‘Markets moved […]