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July 2, 2020 | The Case For The British Pound

Though I think it best now to get past the non-farm payroll reaction tomorrow, the British pound is looking increasingly interesting as a long trade and a long-term hold based on the potential, we see in our Wave charts and the potential for a fundamental realignment of the their economy triggered by Brexit; i.e. unshackled […]

July 2, 2020 | Rethinking Canada During the Greatest Recession

The federal government and taxpayers are the ultimate backstop for all help and bailouts extended. Canadians will be paying the last decade’s debt-fueled spending bill for years to come. What we direct ‘stimulus’ to now will make all the difference in terms of whether repayment is manageable or cash flow-crushing going forward. Spending to fuel […]

July 2, 2020 | There’s a Powerful Reason to Be Bullish on Silver—And It’s Not Just Gold

Gold just broke $1,800 for the first time since 2011. Silver hit $18.65 today, for the first time… in a few weeks. What’s gives? Is silver is no longer a safe-haven asset like gold? Well, let’s have a look, starting with the big picture…     This long-term chart of the change in gold and […]

July 2, 2020 | Polars

  Another few points heaped on the Dow Thursday, going into a historic July 4th weekend. Stocks have confounded the Debbie Downers, Karens and Chicken Littles among us by flipping a bird to the virus and romping higher. Since the March low the S&P 500 is up 43%. Even poor Bay Street has swelled 40%. […]

July 2, 2020 | The Decline in the Economy Hits Hollywood

We continue to see the tech stocks lead and the paradigm shift continues as brick and mortar stores are folding. Bloomberg reported that thirteen additional US companies over 50-million filed for bankruptcy. So far, this brings the total for the year to date to 117. This will exceed 2009 high without question, but there is […]

July 1, 2020 | Fake Money, Greedy Elites Hide Real Problems

Week 16 of the Quarantine Every record has been destroyed or falsified, every book rewritten, every picture has been repainted, every statue and street building has been renamed, every date has been altered. And the process is continuing day by day, minute by minute. History has stopped. Nothing exists except an endless present in which […]

July 1, 2020 | Blessed

Somewhere I have a picture of Dorothy I snapped in the tunnel buried under the front lawn of Parliament Hill, connecting Centre Block and East Block. She’s beaming, holding a little flag, standing there all cute amidst the asbestos-coated steam heating pipes and dodgy electrical conduits. Love it. And her. It was a great night. […]

July 1, 2020 | The Most Corrupt Election in History

The Democrats have taken control of Virginia and already we see this pervasive move to corrupt the election process in the United States by NOT requiring any photo ID to vote. I have stated before that I had the mandate from Hong Kong to try to negotiate with the Australian government to buy land before […]

June 30, 2020 | How the Dow Could Break 30,000

I’ve been wondering what might provide the catalyst to push the Dow above 30,000, and this may be it, from Bloomberg:  “A strain of virus spreading in Chinese pigs has shown it can also infect humans, with researchers suggesting that another pathogen with pandemic potential waits in the wings behind Covid-19.” There’s no telling how […]

June 30, 2020 | The Toll

  First to go, Bandit and I noticed on a morning walk a month ago, was a slow fashion store. (I had to ask Dorothy what the hell that meant. Now I know.) Then her fav bookstore went down. An art gallery up the street has disappeared. So have the horse-drawn carriages. On the weekend […]

June 30, 2020 | Lockdowns Have Pushed Government Pensions Over the Edge

  COMMENT: Facing a vicious circle of conflicting demands and priorities, the California Public Employees Retirement System is turning to debt – a risky scheme to borrow billions of dollars in hopes of juicing its investment returns. The California Public Employees Retirement System, the nation’s largest pension trust, benefited greatly from the runup in stocks […]

June 30, 2020 | Wouldn’t That Be Cool…

Take a world that’s spinning out of control with debt, money creation and pretty much every other measure of financial danger flashing red. Add the inevitable (given the above) precious metals bull market, with rising gold and silver taking the precious metals mining stocks – especially the little speculative ones – along for the ride. […]

June 29, 2020 | The Final Chapter

All things, both good and evil, come to an end. So it will be with the great silver price manipulation, which I date as having existed, in its COMEX-orchestrated version from 1983. Before that, of course, silver prices were never truly free, mostly as a result of some type of government interference. The US Government […]

June 29, 2020 | Hydrogen: Grey, Blue, and BC Green

We have a social-media follower that we can count on to tell us, frequently, that the real “fuel of the future” is hydrogen. We can understand his thinking: What better than a zero-emission fuel that, when burned, leaves behind nothing but water? No greenhouse gases or noxious particles; no pollution, no problem. Hydrogen also burns […]

June 29, 2020 | Lenders Hit By Contracting Credit and Rising Bad Debts

From March 1 through the end of May, Americans deferred debt payments on 106 million different loans, according to credit-reporting firm TransUnion, triple the number at the end of April. In addition to missing payments on student and auto loans, 8.8% (4.68 million) of American homeowners were in forbearance plans delaying their mortgage payments for at least three months.  […]

June 29, 2020 | The Rethink

  Covid log date 6.29.20. It’s now been more than a hundred days since the giant office towers emptied into the Bay Street canyon below, as furloughed workers scurried furtively underground. Their last subway ride. For many, the final time rubbing shoulder-to-shoulder against a stranger. Without a mask. At that moment they were employees for […]

June 29, 2020 | Constitutional Convention

QUESTION: Hi, I am new to Socrates & will try to utilize this wonderful program. A few questions for Mr. Armstrong about the current state of political discourse: 1) Who has the authority to call a Constitution Convention? 2) How does a Constitutional convention work? (What are the rules…etc.) 3) How can we place limits […]

June 29, 2020 | Russell 2000 Gaps Present Real Targets

Recent Gaps in price action in the IWM (Russell 2000 ETF) presents a clear picture of future price targets and support/resistances.  Gaps are one of the most common forms of Technical Analysis techniques.  They represent “voids” where price activity has skipped a range of price as it advances or declines aggressively. Gaps are commonly used […]

June 28, 2020 | Why Inflation Doesn’t Have a Prayer

  V-shape mania appears to be tapering off. Years from now, market historians will come to regard the spectacular rally since late March as a case study in mass psychosis. The explosive resurgence of bulls is not only unsupported by economic reality, it flouts common sense in ways that only extraordinary popular delusions can. There […]

June 28, 2020 | Rate Sex

Four months of virus, now. Ten million cases globally. The bug eating Texas and Florida. The White House losing control. Air Canada, Westjet ditching distancing. Masks everywhere. Condo units flooding the GTA market. Second wave with more hoarding threatened. No hockey in Vancouver. Locusts in India. Civil unrest in America. Toronto finances crumbling. Eight million […]

June 28, 2020 | Gold Completes Another Washout Rotation – Here We Go

One of the most telling patterns in Gold over the past 6+ months has been the “washout low” price rotation pattern after establishing a momentum price base.  It seems as though every time Gold completes one of the moderate-low price rotations, as we call it a “washout low rotation”, it sets up for a new […]

June 28, 2020 | Boiling Point

“Every normal man must be tempted, at times, to spit on his hands, hoist the black flag, and begin slitting throats.” ― H.L. Mencken After writing a particularly depressing article where I come to a logical conclusion, based upon the factual evidence of all previous Fourth Turnings, I always wonder whether I’m being too pessimistic […]

June 28, 2020 | A Recession Like No Other

We just spent the better part of a decade wondering when the next recession would strike. The last two months we stopped wondering. It’s here and a grand council of esteemed economists has confirmed it. On June 8, the Business Cycle Dating Committee of the National Bureau of Economic Research found monthly economic activity had […]

June 27, 2020 | World Trade Plunges. Here’s Why it’s Even Worse in Reality: China’s Deep-Fake Data Comes to Light

World trade in goods plunged by 12% in April from March, after having already dropped 2.4% in March from February. This plunge of the Merchandise World Trade Monitor, released by CPB Netherlands Bureau for Economic Policy Analysis, was by far the largest month-to-month drop in the history of the data going back to 2000. Compared […]

June 27, 2020 | Stagflation Is Paradise For Gold And Silver

The creators of Medicare, Social Security, and other long-term spending programs had a handle on demographics – or at least on the political realities of the time – so they structured those programs to initially take in more money than they needed in order to build up “trust funds” to cover the eventual retirement of […]

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