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September 15, 2020 | Fed ‘Sink Hole’ No. 3

Why are the markets running around like actors in a “B”-rated horror flick? Because investors know something is lurking out there. Growing. Spreading. This thing is like The Blob … all consuming. I’m talking about the rot behind the walls of the credit markets. You see, before the coronavirus crisis struck, even the lousiest, highest-risk companies were […]

September 15, 2020 | Excruciating Pain for Bears Suggests a Top Is Nigh

  It was challenging to stay short on Tuesday that the broad averages must surely be at or near an important top. This is an instinctual observation rather than a technical one, but I’m inclined to trust gut feelings based on the evidence. The two charts above illustrate the point. Notice that DIA, an ETF […]

September 15, 2020 | Exodus

So here’s a big surprise. Not. US financial giant JP Morgan has discovered younger employees who WFH are less productive, inefficient and more untrustworthy. What a shock that people in their jammy bottoms, watching TikTok on their phones and playing footsie with the cat while they Zoom a client were not fully engaged? Who knew? […]

September 15, 2020 | It’s Go Time for Gold! Next Stop $2,250

RESEARCH HIGHLIGHTS: Gold Pennant/Flag formation is now complete and setting up new momentum base near $1,925. Our Adaptive Fibonacci Models suggest support will prompt new Gold rally to $2,250. The rally in Gold will continue to extend higher over the next 4+ weeks. The US Dollar may move lower and/or the US stock market may […]

September 15, 2020 | $1.3 Trillion in Home Equity Wealth Gain?

Evan Siddall falls for the House Price Forecast Trap!

September 15, 2020 | Sectors Powering Stock Market Recovery

Gold Miners still have lots of potential

September 15, 2020 | What Should Federal Cabinet Do to Restart Economy?

Carbon related taxes not reducing emissions, why pile on more?

September 14, 2020 | Downtown: Not Business as Usual

Six months into the pandemic, the 30-kilometre underground pedestrian network and labyrinth of restaurants, retailers, and offices in downtown Toronto remain empty as thousands of Bay Streeters work from home and hundreds of small businesses falter.  See Toronto PATH remains eerily empty six months into a pandemic The author offers a summary in this video report.  […]

September 14, 2020 | How a Surefire Horse Lost by a Neck

[I wrote the following for the Sunday San Francisco Examiner two decades ago. I offer it as lighter fare in lieu of the usual rant about how the stock market is mentally ill, investors are besotted with greed, and the global financial system galloping toward ruinous deflation. RA] Talk about a sure thing! Here was the kind of […]

September 14, 2020 | The Illusion

Covid crushed rates. It could be the big story of our times. On the weekend we talked about Marie, the 60ish income-less single who sold her only asset (a house) to finance her remaining decades. But since central bankers tanked the cost of money to fight the virus, saving’s a disaster. GICs are awful. High-interest […]

September 14, 2020 | Make or Break – Big Trends Ahead

RESEARCH HIGHLIGHTS: Although our modeling systems have recently switched into Bullish Trending mode, we are still very cautious of a Bull Trap pattern. Bearish technical divergences between price and RSI with an election 50+ days away indicates market weakness and money rotating out of FAANG stocks. FAANGs are at make or break levels – it’s […]

September 14, 2020 | Food Shortages to Reduce the Population Brought to you by the COVID Triumvirate

This is a photo of the food line beside the Brooklyn Bridge approach in New York City that prevailed between 1930 and 1935. Never before in history have Americans had to cue in line for food since this orchestrated pandemic by Gates, Fauci, and Klaus Schwab of the World Economic Forum. Food prices are also […]

September 14, 2020 | Michael Pento: Overvalued Stocks Head Into The Bunker

  The overvaluation of stocks relative to the economy has placed them in such rarefied space that the market is subject to dramatic and sudden air pockets. Our Inflation Deflation and Economic Cycle model is built to identify both cyclical and secular bear markets and protect and profit from them. However, what it cannot do, […]

September 13, 2020 | Report Finds Public Trust Levels in Forestry Linked to Low Awareness

Calling for objective reporting about British Columbia forest management, the old growth study is a call to action for educational efforts to bring context and build understanding. Much of the public is not well informed or engaged regarding old forests and forest management, according to a provincial study released Sept 12. “This appears to be […]

September 13, 2020 | The 9/11 Conspiracy Theory

September 13, 2020 | How a Surefire Horse Lost by a Nec

  [I wrote the following for the Sunday San Francisco Examiner two decades ago. I offer it as lighter fare in lieu of the usual rant about how the stock market is mentally ill, investors are besotted with greed, and the global financial system galloping toward ruinous deflation. RA] Talk about a sure thing! Here was the kind […]

September 13, 2020 | The Dilemma

Covid kissed Marie. “Who would have imagined the virus would come just as I was retiring?” she says. “I needed to sell that house for the most I could get, to retire on. This worked out great. Sort of…” The great part was a price $50,000 more than expected. Marie walked away with $535,000 from […]

September 13, 2020 | A Man’s Gotta Know His Limitations

As I’ve been observing the actions and justifications of men like Jerome Powell, Anthony Fauci, Andrew Cuomo, Joe Biden and Donald Trump during this self-inflicted global depression, I can’t help but channel the iconic American actor Clint Eastwood and his most famous role – Dirty Harry, when assessing whether they have an understanding of their […]

September 13, 2020 | On the Question of Current and Future Lockdowns

Simply discussing COVID-19 will undoubtedly make this letter controversial and, in some circles, political. That is not my intent. I truly believe that something affecting all of us so deeply should be kept in the scientific realm to the extent possible, not the political. Sadly, that is not the case today in many countries. My […]

September 13, 2020 | Subprime Auto-Loan Delinquencies, Loan Deferrals & Stimulus Curdle into Curious Phenomenon

OK, get this: At a time when there are 29.6 million people claiming state or federal unemployment insurance because they lost their work in the worst economy of a lifetime, subprime auto-loan delinquencies, which in the past had spiked during much smaller labor market downturns, are doing the opposite: they’re dropping. Meaning, since April, people […]

September 13, 2020 | Fauci Belongs in Prison

COMMENT: Marty, Good morning. Well here we go, not that we didn’t already know, but here we have Fauci making an official proclamation of what’s to come over the next few months. In another article from CNN about Fauci’s proclamation, continued widespread use of face masks is promoted as are keeping college students away from […]

September 12, 2020 | Amid COVID-19 Economic Strains, Forest Recommendations Weigh Heavily

NEWS ANALYSIS: Residents of dozens of British Columbia forest communities are on edge. Will the province’s most renewable industry be allowed to continue after the release of a new provincial study? Stewart Muir looks at the facts. While there’s no telling what the Gorley-Merkel report on old growth forestry management will say when it is released in the […]

September 12, 2020 | Gold – Repo Crisis – New Green World Order

QUESTION: Marty, they do not call you the legend for nothing. You nailed the crash earlier in the year and the very day of the low on March 23. Now your call for the September 3 target was again to the day. In the middle of this chaos, gold has not performed well. Given this is […]

September 12, 2020 | This Week in Money

September 12, 2020 | Trading Desk Notes September 12, 2020

The big drivers of market psychology year-to-date have been, 1) the virus (and its anticipated knock on effects) followed by, 2) massive stimulus from Central Banks and governments. The virus psychology drove equities and commodities down hard…while driving bonds and the USD higher…whereas the stimulus has had the reverse effect on equities, commodities and the USD. […]

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