- the source for market opinions


February 20, 2019 | Trump Meets Austria’s Anti-Immigration Chancellor Sebastian Kurz

Earlier today President Trump met with Austria’s right-wing chancellor to discuss trade, immigration, and auto tariffs. Trump Meets Sebastian Kurz ​ In regards to auto tariffs, Trump said “The EU has been very difficult for many many years. We are negotiating with them and if we don’t make a deal we will do the tariffs.” […]

February 20, 2019 | How Mob Rule Comes to America

GUALFIN, ARGENTINA – We are a-wandering… searching high and low… looking for ourselves. Yes, that is what travel is all about: trying to find out who you are.   Rule of the Mob And we begin by looking in our back pocket. There, we have a copy of Polybius’ history of what he calls the […]

February 20, 2019 | USD/ZAR (S. African rand) 240-min View….

Needless to say this trade has been our fav this year. Note the pair rallied right into key 78.6% resistance on the SA budget news. We are still long after taking some profits along the way. Looking to add again on a decent Wave-2 correction…

February 20, 2019 | Two Decades of Monetary Largesse Are The Harm Not The Cure

The US Fed has led the world in 20 years of progressively more extreme monetary interventions to inflate debt and asset prices at all costs.  Each time that US stock markets have dropped more than 10%, central banks have moved to ‘ease’ volatility with more and longer monetary ‘accommodation’.  Nevertheless, in both 2001 and 2007, […]

February 20, 2019 | Painful

This is ridiculous. Seriously. Four posts on RRSPs? I must be losing it. However, my mailbox is brimming. The masses cry for direction. So before we move on from this deadly topic, here are some answers. “I have around 1,000 ounces of silver bullion,” says George. “Am I able to somehow put that sliver into […]

February 20, 2019 | Winter of our Discontent Meets Fyre Festival

“When a condition or a problem becomes too great, humans have the protection of not thinking about it. But it goes inward and minces up with a lot of other things already there and what comes out is discontent and uneasiness, guilt and a compulsion to get something–anything–before it is all gone.” ― John Steinbeck, […]

February 19, 2019 | Trump Takes Aim at a ‘Green Disaster’

If you’re a taxpayer, you may have something to celebrate soon. On an otherwise dull news day, there was word Tuesday evening that President Trump would attempt to claw back as much as $3.4 billion in earmarks and grants for California’s high-speed rail project. The line was originally conceived as a link between San Francisco […]

February 19, 2019 | We’re Losing Our Originario “War”

I love to go a-wandering along the mountain track. And as I go, I love to sing, my knapsack on my back. Val-deri, val-dera, val-deri, val-dera-ha-ha-ha-ha-ha. – “The Happy Wanderer” SALTA, ARGENTINA – Come with us, Dear Reader… We are about to launch on an excursion. We will swing our arms gaily… and bend our […]

February 19, 2019 | Nice Action in Gold!

Gold responded to something today (or perhaps nothing), but the action is technically very bullish, especially monthly. On a daily basis, gold held the $1280 to $1310 level then jumped higher today by $22.70 to $1344 for no apparent reason. Regardless, the move was long overdue due to increasing deficits and other related issues including […]

February 19, 2019 | This White-Hot Metal is High and Going Higher

Have you been watching palladium lately? This metal is driving toward higher prices. But you know what? A combination of forces is going to put the pedal to the metal. If you think prices are high now, just you wait! So what’s going on with palladium? Well, it’s high and going higher, as you can […]

February 19, 2019 | Clawbacks of ‘Hot Flows’ Coming After International Land Banks

Now that China is struggling with slowing growth, massive debt and an aging population, a hunt to recover funds siphoned out of the country over the last decade has begun in earnest.  Clawbacks can drive forced selling of property in previously ‘hot flow’ countries like Australia and Canada, just as domestic demand in these markets […]

February 19, 2019 | The Finale

  Once upon a time my father was a high school principal. He always drove white Buicks, had a legendary moustache and eventually made $10,000 a year. Huge deal or, as a child, I would not have been informed of the achievement. In the early 1950s my parents bought a house in the Toronto burbs […]

February 19, 2019 | The Rising Political Violence

  The Make America Great Again was actually a slogan used by Ronald Reagan who became one of the more popular presidents in postwar history. A Tennessee man is in jail after being accused of pulling a gun on a Sam’s Club customer Saturday 16th of February because he was wearing one of these hats. The […]

February 19, 2019 | Gold—Not Out of the Woods Yet

After going on record saying that I think gold will break out in 2019, it’s gratifying to watch precious metals soar on days like today.     As nice as it is to see such steep increases on the charts, it’s dangerous to get too excited about daily fluctuations. It’s more important that gold is […]

February 18, 2019 | Why Traders Must Stay Optimistically Cautious Going Forward

The one interesting facet of the various research posts our team continues to digest is the continued bearish sentiment that exudes from some analysts.  It appears these technical gurus have become married to the concept that global economic issues will crash the US stock market in the near future.  We have to give them some […]

February 18, 2019 | Explaining the Fall of Western Society As We Know It

QUESTION: Western Civilization will collapse by 2032. I didn’t expect such a strong comment from you. Specifically, what does this mean? On the level of ancient Rome? Followed by the dark ages or just mediocrity and the rise of the East? GVH   ANSWER: There is a serious risk that after 2032, this will be very […]

February 18, 2019 | Mr. Market’s Intentions

Although it’s fun to bad-mouth the rally, the yo-yos who have stoked it could win in the end. From the moment stocks took off on December 26, we’ve assumed it was just a bear rally designed to fool everyone into thinking new highs were actually possible. It would need to be powerful enough not only […]

February 18, 2019 | ‘My Greatest Fear’

It’s been over 12 years since Ottawa did a pivot and taxed income trusts. It was a shock. Actually, a betrayal. In the election campaign a year earlier the Harperites promised the sweet tax treatment of income flowing from these vehicles would never be changed. Then, boom, the hammer fell. Hardest hit were those investors […]

February 18, 2019 | Hello Old Friend…Gold Nears $1,350 Resistance That Has Repelled It Four Times In 5 Years

The past five years have been baffling for gold bugs. In an environment of massive central bank money creation, rising government deficits and a populist takeover of many countries’ political systems – all of which should be great for safe haven assets – gold has spiked to around $1,350 four times, only to be smacked […]

February 17, 2019 | Get Ready for the Breakout Pattern Setup – Part II

Get ready for one of the most complicated price pattern setups we’ve seen in 4~5 years.  Within this multi-part article, we’re highlighting many aspects of our predictive modeling solutions, as well as some very clear patterns that we believe, are tell-all investors to prepare for the next big move.  This is the second part of […]

February 17, 2019 | The winners

The top federal tax rate in the US is 37% and doesn’t click in until income soars past $500,000. In Canada, combined with provincial tax, folks making over $220,000 pay up to 54%. Of course some states (California, NY, for example) have high state taxes so ‘wealthy’ people in fact give over half their income […]

February 17, 2019 | Karl Marx’s Grave Vandalized – Is this the Cyclical Turning Point from the 1848 Revolutions?

Karl Marx’s grave was selectively vandalized. Someone used a hammer to deface the monument. No other graves were attacked so it is clear this was a politically motivated incident in line with the rising economic tensions between the left and the right. The tomb of Karl Marx is located in London’s Highgate Cemetery. Marx had been […]

February 17, 2019 | Modern Monetary Madness

More than 10 years ago some Australian readers begin regaling me with the ideas of economist Bill Mitchell of the University of Newcastle in New South Wales. He was teaching about something he called (and he coined the term) Modern Monetary Theory. I looked into it and fairly quickly dismissed it as silly. Actually printing […]

February 16, 2019 | The Netflix Tax

I have warned that once one state taxes something, the idea spreads like a contagion. Illinois and California wanted to tax movies or anything you stream. Now, Georgia is looking at the same thing. This is all part of the economic decline. The states are broke. Their pensions are consuming everything. It is no longer about […]

February 16, 2019 | Our FAKE Economy (called Capitalism) is being Recognized by Many as an Illusion!

There are a number of articles in today’s Barron’s, the Economist, and today’s Wall Street Journal which touch on our ‘fake’ economy and ‘fake’ Capitalism. The headlines reveal the issues: Today’s Barron’s: Avi Tiomkin says “Again, the Fed Seems Oblivious to a Crisis” Peggy Noonan in the WSJ says “Republicans Need to Save Capitalism” Lance Morrow, […]

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