December 26, 2025 | Precious Metals Rally: What’s Driving the Surge?

Gold, silver, and platinum are all climbing sharply as we head into the new year. This isn’t just speculation or short-term trading — it’s being driven by real demand and tight supply in physical markets. Gold: Gold prices are at record highs, but trading activity in futures markets is surprisingly low. That suggests limited supply rather […]

December 26, 2025 | Japan & the Future

QUESTION: Mr. Armstrong, I understand the previous Japanese government did to you with the letter asking to confirm $10 billion when it was $1 billion and they never explained how they could make such a mistake. Here in Japan, we are still struggling as you had warned would be the case with the collapse of the […]

December 26, 2025 | Unobtanium! Silver spikes as industrial users scramble for inventory

Merry Christmas, stackers! Some happy images pulled from my X feed: And an “Asian Guy” video:  

December 25, 2025 | Merry Christmas!

  Merry Christmas to everyone around the world. Christmas is a reminder that history does not move in straight lines. It moves in cycles. Every civilization has faced moments where confidence was tested, institutions were stretched beyond their limits, and the public was told to trust systems that were clearly no longer working as intended. […]

December 24, 2025 | Covid Christmas – Never Froget

December 24, 2025 | CO2 is Not Evil

Could Bitcoin crumble like the ancient Tulip market?

December 23, 2025 | The AI Supercycle Is Repricing Natural Gas – Here’s Why It Matters for Investors

For years, natural gas was seen as a temporary ‘bridge fuel’ – cheap, abundant, and eventually replaced by renewables. That story is changing fast. By late 2025, one fact has become clear: energy is the limiting factor for AI growth. For retail investors, the story has shifted from ‘green at any cost’ to ‘reliable power at any scale’. Over […]

December 22, 2025 | Fentanyl Classified as Weapon of Mass Destruction

  Fentanyl has been classified as a Weapon of Mass Destruction (WMD) after it claimed the lives of 57,000 Americans in 2025. The order directs the Attorney General, Defense, Homeland Security, State, and Treasury to treat illicit fentanyl networks as national‑security targets. The Secretary of War must update military guidelines on “chemical” incidents to include […]

December 21, 2025 | Grand Supercycle Will End with Trump

The widespread notion that a U.S. president can significantly influence the economy is mistaken. In observable fact, the broad cycles that bring us good times and bad, booms and busts, are vastly larger and more powerful than the presidency, too overwhelming to even affect, let alone command. Even the radical economic policies of Roosevelt’s New […]

December 20, 2025 | Trading Desk Notes for December 20, 2025

Some brief comments and some interesting charts ahead of Christmas week Stocks: S&P futures closed last Friday near their lows for the week, and the selling continued Monday through Wednesday this week as investors had 2nd thoughts about the AI trade and rotated into defensive issues. The market pivoted on Thursday morning, on the “much-better-than-expected” CPI […]

December 20, 2025 | This Week in Money

• Ross Clark:  Stock Markets, Gold, Silver, Platinum, Palladium, Oil, USD, Canadian Dollar, Bitcoin.  Special Offer!
• Mark Leibovit:  (13:38) High Tech, Japanese Bond, Cannabis, Uranium, Silver, Gold, Lithium.
• Robert Campbell: (43:43)  US Economy, US Real Estate Bubble, Fitness Tips.

December 19, 2025 | AI Videos and the Shrinking Trust Horizon

Seemingly overnight, AI-generated content on YouTube and X has become almost indistinguishable from “real” human-made media. Nothing, in other words, can be trusted. How can a society function in that kind of information environment? We are, in short, at a civilization-threatening stage of history. But there is a fix. The following excerpts are from a […]

December 19, 2025 | Bob’s Financial Story of the Year

AI trade starts to lose its luster in Asia

December 18, 2025 | Copper Hoarding

  Copper prices are near record highs with spot prices above $11,000 per ton. Grid expansion projects and data centers are copper-intensive, The supply chain in constrained and investors are anticipating future US tariffs reaching 25%. The press is claiming that these projects are the reason for the recent surge in copper hoarding, but the […]

December 18, 2025 | Silver, Crypto, War, Food, Fentanyl, 2026

US Government Shut Down, USD, QE

December 18, 2025 | Room for Silver to Climb Higher

Bitcoin on very shaky ground

December 17, 2025 | Lagarde: Europe Faces “Existential Crisis”

Christine Lagarde is now warning that Europe faces an “existential crisis” unless urgent reforms are enacted. What she is really admitting is that Europe has reached the end of the centralized model. These are 28 independent nations that were never intended to operate as a single homogeneous culture or economy. Europe’s problem is not monetary […]

December 16, 2025 | Is the Trillion-Dollar AI Boom a House of Cards?

The AI House of Cards: Why Today’s AI Boom Could Unravel Fast Wall Street is all-in on AI, with trillion-dollar expectations pushing tech stocks to extreme valuations. Oracle’s recent claim of a $523 billion cloud backlog – largely tied to AI infrastructure – perfectly captures the excitement. Big deals with OpenAI, Nvidia, and Meta sent […]

December 16, 2025 | US Homeland Security Rescues 62,000 Unaccompanied Minors from Trafficking

    Mass migration through open border policies is inhumane. I may often focus on the economic implications, but it is crucial to understand how these policies have destroyed the very people they claim to protect. Thousands of men, women, and children have died in their attempt to reach the West. Unaccompanied minors have gone […]

December 15, 2025 | Compound Interest Is Devouring the Federal Budget: It’s Time to Take Back the Money Power

from Scheer Post Albert Einstein is often quoted as saying that compound interest is “the most powerful force in the universe.” The quote is probably apocryphal, but it reflects a mathematical truth. Interest on earlier interest grows exponentially, outrunning the linear growth of revenue and eventually consuming everything. That is where the United States now […]

December 14, 2025 | Conviction, Guts Finally Paying Off in Bullion

Just one more push could exhaust a bull market that is coming up on its seventeenth year. Although that’s only about three dog years, it equates to about 120 human years.  In fact, no other bull market has lasted even remotely that long. The next-oldest, birthed at the low of the October 1987 Crash, was […]

December 14, 2025 | EU Not Included in New G5

REPLY: Of course, I am use to being blamed for everything. The EU is the enemy because it is imploding economically. They reject peace because they need war as a distraction. Kill the messenger as always. Zelensky is pushing the EU off a cliff – not me. This is why the EU is becoming so […]

December 13, 2025 | Trading Desk Notes for December 13, 2025

Brief notes today – lots of charts The S&P surged on Wednesday and Thursday after the not-so-hawkish (?) cut from the Fed, nearly making a new record high, but slipped lower overnight Thursday and tumbled on Friday as traders seemed to have “second thoughts” about AI. The “second thoughts” about AI were more pronounced in the […]

December 13, 2025 | This Week in Money

• Ross Clark: Stock Markets, Interest Rate Cuts, Cannabis, Bitcoin.
• Eric Hadik: (11:25) Market Cycles, Bitcoin, Gold, Silver, Platinum, Palladium Oil, Natural Gas, Interest Rates, Lithium, Coffee.
• Hilliard MacBeth: (45:55) Canadian Real Estate, Electric Vehicle Market.