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April 27, 2021 | Don’t Touch The Golden Goose

Leading up to the Federal budget announcement, the rumour mill was churning, with mainstream media outlets salivating over a possible tax on primary residences, including speculation taxes or even increased taxes on capital gains when selling investment properties. Instead, the federal government delivered none of that, ultimately opting not to tinker with the golden goose. […]

April 27, 2021 | Have Home Prices Really Gone Up 50%?

Non-local listings totally skewing “average prices”

April 27, 2021 | US Oil Production, Inflation and Deflation

Gold, Copper, Lithium, Uranium, Battery Plants

April 27, 2021 | Gold, Silver, Bitcoin, Miners

Markets, EV’s, Retail

April 26, 2021 | Forget 2% Inflation. With Margins Forcefully Squeezed, Big Companies Raise Prices, Point at Massive Inflation Overshoot

Big companies, such as Procter & Gamble, have used their earnings calls to prepare investors, customers, and consumers for what is coming: Surging input costs are creating hefty margin pressures, and companies are confident they can regain their margins by passing on those surging costs by implementing large price increases. Smaller companies face the same […]

April 26, 2021 | It’s a Ponzi world

Bitcoin and other digital coins plunged last week, wiping over $200 billion off the value of the cryptocurrency market. Some cite the need to pay income taxes in April as a prompt to raise needed cash.  A similar factor was noted in April of 2000 after the previous year’s 100% leap in NASDAQ shares into […]

April 26, 2021 | It’s Coming

It’s been a week now since the feminist, gender-neutral, anti-racist, pro-family, indigenous-friendly, BIPOC-supportive, child-centric, inclusionary and diverse budget for all Canadian peoplekind. As you know, it spent up a storm. Deficits to the horizon. Everybody gets a pony. Missing? New taxes to pay for this stuff. They come later. In fact, after the election which […]

April 25, 2021 | Civil War is Coming – GLOBALLY

I have been in political meetings over the weekend. I cannot stress strongly enough that there are cracks appearing in this Great Reset Agenda. While Klaus Schwab’s evil dreams of redesigning the world may be spearheaded by corruption, bribes, and influence, the end goal is really not that distant from the Communist Revolutions and those […]

April 25, 2021 | Tax-Hike Talk Just an Annoyance

Headline writers hyperventilated last week over the prospect of higher capital gains taxes while the stock market took it in stride. Biden wants to double the levy on long-term investments to 39.6%, ending a felicitous run at 20% that was enacted 40 years ago under President Reagan. The Wealthy Will Fight Him to the Death, proclaimed […]

April 25, 2021 | Stumbling to Scarcity

In economic forecasting, reality is usually somewhere between the extremes. The best-case and worst-case rarely happen. That’s why, when they do happen, markets react so quickly to the “missed expectations.” I saw this early in my career. Realizing we will “muddle through” most of our problems was immensely valuable and sometimes profitable. But as our […]

April 25, 2021 | Signs, Signs, Everywhere Signs

“Fools, as it has long been said, are indeed separated, soon or eventually, from their money. So, alas, are those who, responding to a general mood of optimism, are captured by a sense of their own financial acumen. Thus it has been for centuries; thus in the long future it will also be.” ― John […]

April 25, 2021 | The Retreat

Is our house lust now an economic threat? Should you lighten up on the maple in your portfolio because of rampant house-horniness? How is this possibly going to end well? Fidelity portfolio manager David Wolf made waves saying he’s dumping some Canadian exposure in his funds because idiots are paying extreme, unsustainable amounts for houses. […]

April 24, 2021 | Election Fraud Cases Continue

    The importance of continuing to challenge the election really has nothing to do with reversing the election to remove Biden. That will NEVER happen. The real issue here is that election fraud has reached new levels, and it is not limited to simply presidential candidates. The risk that this will be used in […]

April 24, 2021 | Gold (Active Futures)

Gold spent the better part of the last week testing the Fibonacci 38% retracement resistance ($1783) from the January high and satisfies the optimum rally from our Capitulation bottom at $1683.

April 24, 2021 | This Week in Money

April 24, 2021 | Trading Desk Notes For April 24, 2021

Equities: choppy near All-Time Highs, US Dollar: weaker, commodities: smoking hot! The S+P 500 index chopped up and down within a narrow range this week after surging ~9% the previous four weeks. Implied volatility was also choppy day-to-day, but it was close to one-year lows at the end of the week – a sign of […]

April 23, 2021 | We’re on the Road to Inflation

Slip sliding away Slip sliding away You know the nearer your destination The more you’re slip sliding away – Slip Sliding Away, by Simon & Garfunkel YOUGHAL, IRELAND – Colleague Dan Denning says inflation is already very pronounced in financial assets… and coming on strong in the commodities market. In his latest update, which paid-up Bonner-Denning Letter subscribers will receive later this […]

April 23, 2021 | RNG: Opportunity in Unlikely Places

BC has a lot of waste. But thanks to local innovators, BC companies are finding a way to use that waste to bring down emissions and supply renewable natural gas. Pete Schouten (pictured) of Fraser Valley Biogas, a facility in Abbotsford, BC that turns waste into natural gas. Photo from Spudsmart. With the push for decarbonization, […]

April 23, 2021 | Shilling: Bond and Greenback Bears Mistaken

The US dollar and Treasury bonds outperform risky assets during “D” periods–disinflation and outright deflation.  While inflation trades have won year-to-date, a return to “D” conditions remains probable in the second half.  As usual, very few will be positioned proactively for it. Gary Shilling, president of A. Gary Shilling & Co., offers his top investment […]

April 23, 2021 | The Bank of Canada risks a taper tantrum

The Bank of Canada announced this week that it will reduce buying of government bonds during this pandemic recession. The Bank had been buying most of the bonds issued by the government during the pandemic spending spree which created a $350 billion deficit. The Bank of Canada now owns 40 percent of all government bonds […]

April 23, 2021 | FOMO 3.0

The virus news sucked this week. Now what? Ontario cases are looking worse than Doug Ford’s polling numbers. The ICUs are a mess and while the dosing has picked up, the slimy little variants are winning. Will Toronto’s five-month-long lockdown end soon? Nah, probably not. It’s a death knell for Main Street. In BC the […]

April 23, 2021 | Is Bitcoin Really a Store of Wealth?

Suggestions to help survive a market correction

April 23, 2021 | American Manganese CEO Discusses Assets Including AMY’S Patents

Questions about insider sales. Watch Zarko Meseldzija, CTO and Director of American Manganese RecycLiCo™ Presentation at the Benzinga Cleantech Conference. Read Lars Carlstrom, Founder & CEO at Italvolt post on LinkedIn – “TÜV SÜD to Support Italvolt at Planned Gigafactory in Italy“. Read Yahoo Finance Article – “iM3NY’s New York Lithium-ion Gigafactory Receives Significant Funding“. […]

April 23, 2021 | Cut Prices and They Will Come? New House Sales Jump After Massive Drop in Prices

The median price of new single-family houses sold in March fell by 4.4% from February, to $330,800, after having already dropped by 4.5% in February from January, and by 0.8% in January from December, for a combined three-month drop of 9.4%, the biggest three-month drop since 2009, which brought these house prices right back into […]

April 22, 2021 | 3 Forces Driving Gold and Miners Higher

Gold and miners were the investing world’s doormats for the last year, but they’ve been gaining traction recently. Let me show you three forces driving gold higher and two of my favorite ways to play it. Force 1: Money Printing When the Federal Reserve panics, it prints money. And last year’s pandemic-induced shutdown of the […]

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