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October 12, 2024 | Trading Desk Notes for October 12, 2024

The leading North American stock indices are at record highs The S&P has closed higher for 9 of the last 10 weeks, rising ~14% from its early August lows. The index is up ~22% YTD, ~41% from year-ago lows, and ~65% from two year-ago lows. It has closed higher for 11 of the last 12 […]

October 12, 2024 | Is Frugality a “Skill”?

Obviously, one of the best ways to prepare for hard times is to avoid unnecessary spending in good times. So being able to do that across an entire lifestyle might be considered a core prepping skill. Charles Hugh Smith just posted an essay on this concept. Here’s an excerpt: A Core Skill Going Forward: Frugality I ended […]

October 12, 2024 | This week in Money

October 11, 2024 | More Great Gold Miner Earnings Reports Coming Soon

A rising gold price boosted second-quarter (June-August) earnings for the best-run gold miners. See: Q2 Gold Miner Earnings Might Liven Up the Summer Doldrums Portfolio Update — Q2 Earnings Edition And earnings for Q3 — which ended on September 30 and will be reported shortly — should be even better, thanks to continued gains for […]

October 11, 2024 | Scientists Receive Nobel Prizes Amid Controversy Over AI Research

Canadian physicist Geoffrey Hinton and three other scientists received Nobel Prizes this week for work related to advances in artificial intelligence. Their discoveries have the potential to revolutionize mankind’s ability to cure disease. But these advances in AI come with a warning from one of the recipients. Geoffrey Hinton, 76-year-old University of Toronto physicist and […]

October 11, 2024 | Will Russian Buying Push Silver to $50?

Is It Still a Good Time to Get Into Corporate Bonds?

October 10, 2024 | Mainstream Financial Plan: Double or Nothin’

This morning, US data showed a larger-than-expected increase in people applying for jobless benefits—258k for the week of October 5, versus 230k expected—a 14-month high. There was also a .2% month-over-month increase in headline CPI, double the .1% expected by the consensus. Fewer jobs and a higher cost of living remain an increasing challenge for […]

October 10, 2024 | Cycle of War Technology & Fate of the EU

  QUESTION: I hear that the F16, introduced in 1978, is obsolete in today’s modern war. Do you have any information on this? Have we entered the day when swords are replaced by guns? PH ANSWER: The F-16 is a legendary warplane. You are correct. It was first introduced in 1978. It was a versatile […]

October 10, 2024 | Hurricanes, Gold, Trump, Zombies

Corruption in Canada, Children, Steal the Election, Dumb as Rocks.

October 10, 2024 | Oil Surprisingly Flat Despite Middle East Turmoil

Defense stocks on the move higher.

October 10, 2024 | Do Lunar Cycles Influence Gold Prices?

Insurance shares shrug off the latest Florida hurricane.  Receive 50% Off VR Trader Newsletters! Enter Promo Code 2022HALFOFF.

October 9, 2024 | Crude War Premium Shrinks As Investors Focus On Weak China Demand Data

Turbulent markets in China headline each day the challenges China is having to get its economy back on track for sustainable growth. It needs to write-off debt challenged fixed assets, move from an export economy to a consumer economy and stabilize government owned businesses. In addition, its focus and financial support of EV’s and battery […]

October 9, 2024 | Rigging the 2024 Election?

    Many may assume that Donald Trump is the first to claim the election of 2020 was rigged. In fact, charges of stolen presidential elections are not as rare in American history as one may assume. Hillary Clinton convinced 70% of Democrats that Russia rigged the 2016 election as payback for her interference in […]

October 9, 2024 | Realty Bubble Bursting as Power of Sales Spread

In September, across the Greater Toronto Area, there were 204 power-of-sale listings, more than double the 96 reported in September 2023, an increase of 112% year over year and more than triple pre-pandemic levels (chart below since 2020).   See, Power-of-sale listings more than double as mortgage lenders repossess homes from over-leveraged buyers. Finally, reality is dawning […]

October 8, 2024 | Biden Wants Banks to Report All Transaction over $600

The Biden Administration is pushing banks to report every $600 transaction, whether a deposit or withdrawal, from every business or personal account. The Democrats want everything, and no matter how much they collect, they will always spend more. TAXES are really no longer even necessary along with borrowing. They never pay off the debt anyhow, […]

October 8, 2024 | About That Jobs Report…

Nonfarm Jobs Increased by 245K Last Month, Far Surpassing Estimates. Here is a direct video link. 

October 7, 2024 | Can Kamala Take the Presidency Without an Election?

    Let me begin with a shocking statement that people generally do not know. Read the Constitution and the Bill of Rights; you will not find any mention of a right to vote. Surprisingly, nowhere in the original text will you find any mention that U.S. citizens have a right to vote. All the […]

October 7, 2024 | Cheaper Mortgages?

Happy Monday Morning! I just got back from presenting at the annual Veritas Real Estate conference in Toronto. The conference, which caters towards investment professionals and financial institutions engaged in a healthy debate on the direction of our housing market. There was a lengthy discussion on interest rates, which is undoubtedly one of, if not the largest […]

October 7, 2024 | Understanding China’s Economic ‘Bust’

The Chinese government has just unveiled a massive stimulus for its troubled economy, but can it fix the slowdown long-term? What’s at stake for the country, and the world? Here is a direct video link. Leland Miller, China Beige Book CEO, joins ‘Squawk Box’ to discuss the state of China’s economy, impact of Beijing’s stimulus package, […]

October 6, 2024 | Why I Do Not Trust Safety Deposit Boxes

  I have said numerous times that your personal belongings are at risk in safety deposit boxes. The Fourth Amendment was intended to protect Americans from illegal search and seizures, but as we have seen in recent years, the government does not respect the Constitution or our freedoms. Governments will become increasingly tyrannical as we […]

October 6, 2024 | The Crisis of Free Speech

“Freedom of speech” is a beautiful phrase, strong, optimistic. It has a ring to it. But it’s being replaced in the discourse by “disinformation” and “misinformation,” words that aren’t beautiful but full of the small, pettifogging, bureaucratic anxiety of a familiar American villain: the busybody, the prohibitionist, the Nosey Parker, the snoop. “…The end game […]

October 6, 2024 | Stocks Act Fearless as Oil Price Soars

If you can keep a cool head while everyone around you is panicking, perhaps you don’t understand the situation. That’s what they say, anyway. It is exactly what we saw last week when stocks barely shrugged even as the shooting war in the Middle East took another baby step toward nuclear conflagration. The oil markets […]

October 5, 2024 | Broke FEMA and the Shrinking Trust Horizon

So they send the Tennessee National Guard to the Middle East and FEMA (it is widely claimed) spends its rainy day fund on illegal immigrants. And then, because that’s how the universe works, a massive hurricane hits the South and FEMA runs out of money: Now the victims seem to be on their own — further eroding trust in the […]

October 5, 2024 | Danielle on CBC Weekend Business Panel

CBC News Network’s Weekend Business Panel takes on the top news of the week. Here is a direct video link.

October 5, 2024 | The Panic Cycle in September A Warning for the Future

QUESTION: Marty, it appears that the September panic was on the upside, and it also appears to be a turning point. It looks like it may be a high in the Dow and Gold on a closing basis. I must say, it’s far easier to see now that this election may be the last. Does […]

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