ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
November 3, 2025 | Worried About the Gold/Silver Correction? Don’t Be. It’s Just a “Head Fake”
Gary Bohm at Metals and Miners just posted a great analysis of the recent turmoil in precious metals and why it’s likely to be temporary. Here’s an excerpt: The $7.5 Billion Head Fake: Why History’s Largest Gold Outflow Last Week Will Turn Out To Be A Generational Buying Opportunity! The media has seized upon […]
November 3, 2025 | Perched in the Danger Zone
Most people are worried about missing upside, not downside. And usually to their detriment. The chart shows the two-year time period (1990-1992) that I made my biggest profit ever in real estate. As shown HERE, my net profit was $600,000 – and my ROI was 100%. Could I do something similar […]
November 3, 2025 | Worse Than The 90’s?
Happy Monday Morning! As expected the Bank of Canada slashed rates once again, bringing the overnight rate to 2.25%, and bringing the prime rate to 4.45%, it’s lowest level since June 2022. “There’s nothing to cheer about here. We’re lowering interest rates because the economy is under immense strain,” noted Warren Lovely, managing director with […]
November 3, 2025 | Plan To Downsize Housing For Retirement? You Aren’t Alone
According to Statistics Canada’s 2024 population estimates, there are roughly 9.3 million Baby Boomers in Canada (born 1946-1964), now aged 61 to 79, and comprising 23% of the population. The final 25% of the group (2.2–2.4 million, born 1961-1964) will be turning 65 over the next three years (2026-2029). Similar ratios apply in America, where […]
November 2, 2025 | Top Trump Officials Move to US Military Bases
Government officials are rapidly moving onto US military bases for security. The Atlantic reported that Stephen Miller, Pete Hegseth, Marco Rubio, Kristi Noem, and other senior officials have relocated to US bases around Washington, D.C. These officials have received personal threats and have been notified by intelligence agencies that civil unrest is inevitable. This is […]
November 2, 2025 | Why the Smart Money Should Spend Some of It Now
Years ago, I received death threats after writing in the San Francisco Examiner that Apple looked like it was about to go under. That was in 1997, not long after Steve Jobs returned after a 12-year exile. Ironically, he was fired by the man he’d recruited in 1985 to run the show — cue the hisses and boos […]
November 2, 2025 | Readers Have Questions
In our age of constant interactivity, you could easily see a weekly letter like mine as a quaint one-way monologue. But in fact, I’ve always treated Thoughts from the Frontline as a conversation with friends like you. Sometimes we disagree, but we keep talking. I get your end of that “we” from the many readers who […]
November 1, 2025 | Trading Desk Notes for November 1, 2025
Sell the news? Leading global stock indices were at or near all-time highs this week, as Trump’s Asian tour reduced trade tensions, the FOMC cut interest rates, and Big Tech’s quarterly reports, on balance, were positive. Oh, and NVDA briefly reached a $5 trillion market capitalization, which is more than twice the size of Canada’s national GDP. Despite all the positive news, Friday’s […]
November 1, 2025 | Tech Talk for Saturday November 1st 2025
The Bottom Line Will U.S. and Canadian indices follow their traditional pattern of moving higher this year from November until the first week in January (i.e. the so called Christmas rally season)?
October 31, 2025 | The Bank of Canada Cuts Again But Fails To Address Housing
The Bank Cuts Again — But the Real Problem Is Housing The Bank of Canada trimmed its policy rate by 25 basis points this week to 2.25 percent, pulling Canada’s official rate well below the U.S. Federal Reserve’s 3.75 percent — also lowered this week. But don’t expect these cuts to save the economy from a recession. In […]
October 31, 2025 | How Will AI Pay Our Bills?
The US central bank cut its policy rate on Wednesday, and US mortgage rates rose. Layoffs are surging, and loan delinquencies are driving a repo boom not seen since the 2009 recession. See, We Spent the Night Shift With the Repo Man, Who Is Busier Than Ever: An estimated 1.73 million vehicles were repossessed last year, the […]
October 31, 2025 | Known vs Unknown
QUESTION: Since you are probably the first to develop a real AI computer decades before anyone heard of AI, what is your opinion of the future of AI? You have been silent on this trend. ANSWER: Look, there is a difference between the short-term from a trading perspective and the long-term. ChatGPT is a […]
October 30, 2025 | How a Fed Overhaul Could Eliminate the Federal Debt Crisis, Part II: Curbing Fed Independence
from ScheerPost There has been considerable discussion in recent years about reforming, modifying, or even abolishing the Federal Reserve. Proposals range from ending its independence, to integrating its functions into the U.S. Treasury Department, to dismantling it and returning monetary policy to direct congressional or Treasury oversight. The Federal Reserve Board Abolition Act (H.R. 1846 […]
October 30, 2025 | US-Japan Rare Earth Minerals Deal
There is perhaps no more critical resource than rare earth minerals. They largely cannot be created or derived in the US and are absolutely essential for not only manufacturing but also maintaining the nation’s military power. Japan recently lifted the trade export ban on military and defense equipment under new Prime Minister Sanae Takaichi […]
October 29, 2025 | Bill Gates: Climate Change Crisis Averted
Bill Gates is calling for a “strategic pivot” on climate change in a 17-page manifesto in which he declares that scientific innovations have averted the crisis. The doomsday prophecies of a climate apocalypse by 2030 have clearly not come to fruition. “Climate change is a serious problem, but it will not be the end […]
October 29, 2025 | Layoffs Spreading Even with Financial Conditions Ultra-Easy
Nearly 2 million Americans have been unemployed for 27 weeks or more, according to recent federal data, and layoffs are growing daily as companies look to slash overhead. Amazon said this week it would cut 14,000 corporate jobs, with plans to eliminate up to 10% of its white-collar workforce. United Parcel Service said it had […]
October 28, 2025 | One in 10 Americans on SNAP
There are 42 million Americans at risk of losing access to SNAP food stamp benefits due to the prolonged government shutdown. The U.S. Department of Agriculture (USDA) does not have the ability to continue funding the program and funds will run dry on November 1. It is more alarming that one in ten Americans currently […]
October 28, 2025 | Private Credit Winter
As banks blew up in 2008, they pulled back from high-risk lending. Private equity (PE) funds filled the void, raising capital from investors to buy all manner of companies, while private credit funded the companies that were acquired. Today, some 70–80% of private credit loans are to PE-sponsored companies. Both PE and private credit raise capital […]
October 27, 2025 | Hold the Applause
Happy Monday Morning! Canada’s annual inflation rate rose to 2.4% in September, more than expected. Perhaps more intriguing is that rental prices are accelerating higher. They’re now up 4.8% year-over-year and 6.1% annualized over the past three months. A head scratcher for any regular reader here. So what does Stats Canada see that we don’t? […]
October 27, 2025 | TM: Every Bubble Bursts
Tough to get a word in edge-wise with David, but this segment is rich in economic insight. It’s easy to feel confused these days. With the stock market at all-time highs, some analysts predict this bull market has a lot longer to run as the business-friendly policies of the new Administration start adding tailwinds to […]
October 27, 2025 | The Core of the Peace Proposal
The Road to Peace is undoubtedly attainable. I urge everyone to read my Peace Proposal that details the intricacies of restoring global order. The importance of restoring peace is paramount. Without peace, we will be forced to endure World War III—the destruction and loss of life is unfathomable. Share this document with whoever is […]
October 26, 2025 | Debt Cycles, Eastern Style
Our planet has a wide array of different political and economic systems. Some work better, so you’d think we would gravitate to those over time. But even now, we still have a lot of variety. What works in one place and time might not succeed in different conditions. All these systems, however, have one thing […]
October 26, 2025 | A Long-Term Play: Buy TSLA, Short AAPL
Here’s a long-term trading opportunity that seems foolproof: short Apple shares and buy Tesla. Looking out over the next 10 years, this hedge position has the potential to produce outsize profits. How could Apple stumble badly enough to make it work? This is hardly inconceivable. Since Steve Jobs died 14 years ago, the company he […]
October 26, 2025 | US vs Russia – Greatest Danger is when a Pawn thinks it is a Queen
QUESTION: You said that Trump is listening to the Neocons in his administration and in DC. Would you please name names? Why did Trump back off on the Tomahawks? GW ANSWER: I believe the Neocons influencing Trump are Rubio, Bessert (Ex-Soros now running Treasury), and Lindsey Graham, among others. I believe all are war […]
October 25, 2025 | Trading Desk Notes for October 25, 2025
Gold prices corrected this week after closing higher for nine consecutive weeks, with prices up over $1,000 (~31%) from the August lows. Gold rallied above $2,000 for the first time in August 2020 (blue ellipse) as governments and central banks reacted to covid, and as the US 10-year bond yield fell to a historic low of […]