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June 22, 2021 | The ‘N’ word

Expect change in the real estate market over the coming months. More sellers. Fewer buyers. Sales volumes declining. Less obsession with housing as the economy opens and people travel, recreate, shop and do all that stuff which was forbidden for more than a year. At the same time offices and workplaces will reopening. Not a […]

June 22, 2021 | Bitcoin Is Near The Brink Of Breaking Down to $30k – Will It Stop There Or Will A ‘Herd Mentality’ Sell Off Drag It To $10k?

Bitcoin has followed our Excess Phase Peak breakdown pattern almost perfectly.  Each phase of any Excess Phase Peak is important to understand as it relates to other asset classes.  For example, as an asset, like Bitcoin, begins a Excess Phase breakdown in trend, other assets will likely follow along. The psychological impact of a major […]

June 22, 2021 | Benchmark Price and Municipal Taxes

Homelessness a result of False Housing Analysis

June 22, 2021 | Bitcoin, Gold, Silver, Copper, US Dollar

Platinum, Palladium

June 22, 2021 | Canada Has World’s 2nd Biggest Housing Bubble

Little recognition Alberta is world’s biggest oil source for US

June 22, 2021 | Stock Markets Ignoring Predictions

Bitcoin on shaky ground

June 21, 2021 | Housing Bubbles

Canadian house prices have been flagged as over valued, unstable, and a risk to the financial system for a long time. These concerns have been noted by institutions such as the IMF (International Monetary Fund) since at least 2012, and have been cited as a major concern by our very own central bank since about […]

June 21, 2021 | The Feds’ Five-Year Economic Forecast

YOUGHAL, IRELAND – Midsummer has arrived! Yesterday was the longest day of the year in the Northern Hemisphere. The farther north you are, the longer the day. Here, it was light until almost 11 p.m. We went over to the little seaside town of Ardmore, where the church has reopened for the summer season. “It’s […]

June 21, 2021 | How Much Longer?

How much longer can silver prices be capped in the face of facts so bullish that one can only marvel at the tight grip the on price?  To be fair, silver and gold prices have advanced significantly from their price bottoms of last March, with gold hitting all-time highs last summer and silver hitting 8-year […]

June 21, 2021 | Risk Off Sentiment Contagious in Highly Levered Markets

Bitcoin is flirting with $32,000 this morning– -48% from February’s 63,000 peak and still some 250% above year-ago levels as China steps up its pledge to crack down on both asset speculation and its CO2 emissions. Some 65% of global Bitcoin mining has been based in China, where coal power is still heavily used.  As I […]

June 21, 2021 | The Tightening

Justin Trudeau does not set interest rates. Nor does Chrystia Freeland, the finance ministress. In fact, monetary policy has been divorced from politics since March of 1935 when the Bank of Canada was formed as a standalone agency out of the ashes of the Great Depression, and out of the hands of politicians. It’s the […]

June 21, 2021 | The Confusing Labor Market

There have been very unusual trends unfolding in the labor market. US workers have been quitting their jobs in record numbers all because the government was paying extra free money for unemployment. The $300 bonus, on top of everything else, has led to many people just staying home. One neighbor of a friend in an […]

June 20, 2021 | The Next Oil Crisis Is Dead Ahead

Many on Wall Street and in Washington D.C. breathed a sigh of relief this past week as crude oil prices pulled back from a recent peak. Don’t be fooled! This is a short-term pullback in a bigger trend higher. And last week’s price peak is only the harbinger of a massive supply-demand squeeze that will […]

June 20, 2021 | Get Over It

ean and his squeeze have six university degrees between them. Investible assets total $900,000 and household income is three hundred grand. Plus two government DB pensions. And they’re so unhappy. Bitter. “We cannot find a house to raise our two children in that is commensurate with what we think we have earned,” he says. From […]

June 20, 2021 | Is Repo Madness Predicting a Crack-Up?

  [The following was written by a San Francisco friend from the hedge fund world, Shawn Brown. It buttresses the suspicion that while there seems to be plenty of credit money available for speculation, the collateral behind it is getting thinner and shakier by the week.  The Fed, with $8 trillion of Treasury paper and other […]

June 19, 2021 | Sleeping Dollar Stirs

Yesterday, the US Fed acknowledged that financial conditions and inflation expectations had rebounded faster than they had predicted, and they now expect to increase their presently near-nil policy rates twice in 2023–a year and a half from now.  More imminent for markets–this suggests the Fed would start tapering its “not QE” bond purchases by early […]

June 19, 2021 | This Week in Money

June 19, 2021 | Wall Street Smart Money Is Accumulating Physical Silver Ahead Of New Basel III Regulations And Price Explosion To $44 An Ounce

Recently, Gold and Silver have somewhat stalled after a fairly solid upside price trend in April and May 2021.  Looking at the longer-term Weekly Silver chart, we believe Silver is ready to pounce with a big move higher. The second half of 2021 will welcome BASEL III (likely) and a renewed focus by the US […]

June 19, 2021 | Trading Desk Notes For June 19, 2021

My best short term trading week of the year I’ve taken a lot of small losses this year, trying to fade what I thought was irrational bullish enthusiasm – so it felt good to cash in some winning tickets this week. I’ll tell you more about that in the Short Term Trading section below, but […]

June 18, 2021 | Gold (Most Active Futures)

The upside Exhaustions, daily/weekly Sequential 9 sell setups and weekly outside reversal were a classic precursor for the current collapse in gold prices.

June 18, 2021 | No Return to “Normal”

YOUGHAL, IRELAND – Our subject today has a little of everything – ambition… betrayal… idealism… cynicism… democracy… revolution… corruption… you name it! But today’s setting is not the USA. Still, we will turn to the U.S. media for a big surprise, before taking up our parable. Here’s a rare event… where the reporter got the […]

June 18, 2021 | The Federal Reserve Hints at Higher Rates

A turning point for interest rates may have arrived. Federal Reserve members hinted at raising their official interest rate above zero sooner than expected. Until now the Fed had maintained that rates will stay “lower for longer” without any hint imminent increases. How significant is this subtle shift in the Fed forecast for future interest […]

June 18, 2021 | Blame Game

Let’s play Connect the Dots. As this pathetic blog has tried to underscore, everything is related. Friday gave a great example. Dot. First, the stock market freaked out a little. That happened after an important US central bank dude (James Bullard) said romping post-Covid inflation could cause interest rates to start ascending in 2022, earlier […]

June 18, 2021 | What Is The New Norm In The Stock Market When It Seems Normal No Longer Exists?

Covid 19 and the havoc it has created in world economies is unlike anything we have seen before. Yet when we look at the stock market charts they continue to go up.  We have bad jobs data – the markets respond and go up.  We have poor CPI – the markets go up.  The housing […]

June 18, 2021 | Race for Commercially Viable Net Zero Planes

Some 6% of European flights are long-haul (greater than 1000km), but going higher and farther, long-haul flights produce more than half of CO2 emissions.   Globally, the race is on to develop hydrogen cells that can replace kerosene in fueling long-haul flights. Last September, a hydrogen fuel-cell plane capable of carrying passengers took its maiden flight […]

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