- the source for market opinions


May 24, 2019 | PM Theresa May Resigns

Prime Minister Theresa May has announced that she will now step down as the U.K. prime minister after failing to win support for her plan to withdraw from the European Union. It has been shocking how she only pitched Brussels’ demands and refused to defend Britain. This conflict has been all about Brussels who demands […]

May 24, 2019 | Economic Slow-down Evident! What are the Issues?

The global slow-down is now obvious and the trends suggest more of the same going forward. Delinquencies of auto debt are now at 19 year highs. Student loan debt and delinquencies are at new highs. Existing home sales are down. Retail lay-offs up. Interest rates continue to go down indicating that the slow-down is continuing to […]

May 24, 2019 | ESG = Politically Correct Investing

Today’s fast-growing investment fad seems to be ESG investing. ESG stands for “environmental, social and governance,” the pillars of “sustainable” investing. Or so they say. To me, ESG is politically correct investing—and it’s going to cause a lot of well-meaning fools and their money to part ways. In my view, investing on any basis other […]

May 24, 2019 | China Hang Seng Index Collapses and Commodities

The Chinese Hang Seng Index collapsed early this week to new recent lows.  This breakdown in the Chinese major stock index highlights the anticipated fallout from the continued US/China trade war.  Recent data from the Chinese property market and corporate bond markets suggest a broad slowdown in economic activity which may surprise many foreign investors […]

May 24, 2019 | Northern Mayors Speak Out in Favour of Canada’s Future as a Maritime Country

The Senate of Canada’s Standing Committee on Transportation and Communications looking at Bill C-48 heard from these two mayors hailing from north east British Columbia. The committee’s consultation process saw it travel across the country to listen to Canadians, leading to its extraordinary move. Here are two presentations made to the committee when it stopped in […]

May 24, 2019 | Key Risks to the Canadian Financial System Redux

The Bank of Canada (BOC) released its Financial System Review on May 16, 2019. This periodic review includes the BOC’s assessment of the key risks, or vulnerabilities, to the Canadian economy and the financial system. One of the central bank’s main responsibilities is to “promote safe, sound and efficient financial systems, within Canada and internationally.” […]

May 24, 2019 | Perspectives

Being a minor celeb, but less than the Trivago guy, I get emails. Tons. Read them all, sometimes sharing a few with you. Naturally everyone has to include a MSU to get through the filter and make me feel worthy. Dog pictures help, too. This week’s been poignant, for reasons unknown. Here are some words […]

May 24, 2019 | Negative Interest Rates Spread To Mortgage Bonds

There are trillions of dollars of bonds in the world with negative yields – a fact with which future historians will find baffling. Until now those negative yields have been limited to the safest types of bonds issued by governments and major corporations. But this week a new category of negative-yielding paper joined the party: […]

May 23, 2019 | Vancouver to Investigate Real Estate Buyers for Money Laundering

Premier John Horgan of BC in Canada was joined by Finance Minister Carole James and Attorney General David Eby at a press conference in Victoria, BC, where they announced plans to move forward with a public inquiry in light of recent findings on money laundering. The real estate bubble in Vancouver was built on a […]

May 23, 2019 | Floatation Device

Spring is in the air on Wall St, and traders’ thoughts have turned to unicorns, earnings beating (duh) “expectations” and, of course, romantic overtures from an accommodating US Federal Reserve. Admittedly, Wall St felt a little jilted after the last Fed meeting. FOMC Chair Powell said during the post-meeting presser that the Fed might hold […]

May 23, 2019 | 3 Things You Can Do While Gold Snoozes and the Greenback Goes Higher

The market is running scared. Trade wars … presidential temper tantrums … trouble in the Middle East. You name it. There is a lot to be scared about. So why isn’t gold doing better? This puzzles me a lot. I thought gold would do a lot better than it is now. But as traders and […]

May 23, 2019 | Animal Spirits

The silent spring. It was shocking when environmentalists first pointed out the growing absence of song birds. (We’ll save the climate change debate for another day. It’s real, by the way.) Now, in terms of the most important assets citizens own, the more terrifying silence. The housing market’s in worse shape than official stats tell. […]

May 23, 2019 | Eye Opening Currency Charts – Why Metals Are Falling

The incredible strength of the US Dollar over the past 12+ months has put downward pricing pressure on Gold and Silver.  I believe this downward pricing pressure could be muting any upside price advanced in Gold and Silver by as much as 20% to 30% or more. The US Dollar has turned into the global […]

May 22, 2019 | “I’m Not a Gold Bug—You’re a Dollar Bug!”

I love the late great Richard Russell’s response when people called him a gold bug: “I’m not a gold bug—you’re a dollar bug!” I was lucky enough to meet him and see this line delivered with grace and humor. I’m reminded of it now because a very astute reader of mine just sent me a […]

May 22, 2019 | First Nations Front and Centre Delivering Messages of Hope at CGLNG Conference and Exhibition

First Nations leaders were front and centre at the Canada Gas and LNG Conference and Exhibition (CGLNG) this week. Indigenous people made it clear what LNG development means to their communities as well as all of B.C., writes Don Hauka First Nations leaders were front and centre at the Canada Gas and LNG Conference and […]

May 22, 2019 | AUD/USD Hourly View: Confluence support at 0.6860 level…time to go long?

Excellent risk/reward potential here it seems.

May 22, 2019 | The Truth About Lump Sums: Most People Screw Them Up

Here’s a sobering stat from the National Endowment for Financial Education:  70% of people who suddenly receive a large amount of money go through it all in just a few years.  This is the reality, whether funds come from the sale of a business or real estate, stock picks, the lottery, an inheritance, or other windfalls. Classic errors […]

May 22, 2019 | Powerful Signal from the GDX

Gold and silver declined a bit yesterday, but mining stocks reversed and closed the session higher. It seems that the miners showed strength, especially that they formed a bullish reversal candlestick. But did they? The reversal candlesticks should be confirmed by strong volume and what we saw in the GDX ETF yesterday was the lowest […]

May 22, 2019 | Subprime Profit-Machine Hiccups: Credit-Card Charge-Offs Rise Across Banking System

Impact felt by the real economy and the most vulnerable consumers. In the first quarter, the credit-card “charge-off” rate at the 4,650 or so smaller US commercial banks – all banks other than the largest 100 banks – ticked down to 7.37%, the sixth quarter in a row above 7%. During the peak of the […]

May 22, 2019 | The Terrifying Truth About Negative Interest Rates

Pushing interest rates below zero is both an act of desperation and something that in theory should have a huge, immediate impact of the behavior of borrowers and savers. The fact that negative rates have become the new normal in big parts of the world but haven’t caused the expected behavior change should scare the […]

May 22, 2019 | Idaho Repeals Its Entire Regulatory Code

Believe it or not, sometimes there is a glimmer of hope. The glimmer came in Idaho and stunned governments around the world. Idaho’s state legislature just opted to repeal the entire state regulatory code. The greatest problem with regulation is that it remains there forever. There are so many laws that everyone breaks every day […]

May 21, 2019 | “Energy Corridor” Concept, Back on Agenda, Has Long Been Mooted as Key to a Future Canada

A dedicated, coast-to-coast right-of-way specifically set aside for energy infrastructure projects has re-emerged as a question for voters to consider. Stewart Muir looks at the situation. Conservative Party leader Andrew Scheer says Canada should position itself as a global energy superpower, given its considerable natural wealth. That’s a familiar refrain, but for years now the […]

May 21, 2019 | National Average Rent Rises by 3.0 Percent

The national average rent price is $1,436. The pace of rent increases is the lowest in nearly a year. The Rent Cafe reports the Average Rent Reaches $1,436 in April. Key Points The national average rent reached $1,436 in April 2019, up by 3% ($42) year over year, and by 0.3% ($5) month over month, the […]

May 21, 2019 | How America Goes Full-Venezuela

LONDON – We first came to London a half-century ago. Back then, the city was tired and drab. We stayed in a hotel, where we had to put coins in a heater to get any warmth and use the bathroom down the hall. Now, London is a different city, full of young people, energy, and […]

May 21, 2019 | Is China Suppressing/Manipulating the Gold Price? Check out the above link which covers the issue of Gold Manipulation and Suppression.   James Rickards says that China may be manipulating the gold price. This seems somewhat plausible as China is a huge buyer of gold. Rickards says that China may want to suppress the price as they desire to increase their […]

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