April 3, 2025 | Tariffs are NOT Reciprocal

  How did the Trump Administration come up with these tariff rates? Why would a nation like Madagascar, for example, with a small economy, be hit with a 47% tariff? Reciprocal tariffs were determined based on America’s trade deficit with other nations. They took each nation’s trade surplus with the US by total exports and […]

April 3, 2025 | Market Meltdown Will Lead to Great Buying Opportunities

Bitcoin. Receive 50% Off VR Trader Newsletters! Enter Promo Code 2022HALFOFF.

April 2, 2025 | Weaker US Consumption Leads To 6.2Mb Increase In Commercial Crude Stocks. WTI Expected To Fall Below US$67/b.

While the US federal government cuts its employee count sharply in recent weeks the private sector is adding jobs at a fast pace. Today the ADP report showed private sector jobs rose 155,000 in March above the 120,000 forecast. Professional and business services added 57,000 workers, Financial services 38,000 (tax season ramp up), manufacturing 21,000 […]

April 1, 2025 | Are States & Provinces Destined to Default by 2034?

  You have to wonder why we have the most incompetent people in government, perhaps in history. While there is not a single leader in Europe who I would even want to have a drink with or shake hands, we see the same on the LEFT in the United States. No matter how often they […]

March 31, 2025 | Prophets, Nomads and a Fourth Turning Accelerating Towards A Bloody Climax

“In retrospect, the spark might seem as ominous as a financial crash, as ordinary as a national election, or as trivial as a Tea Party. The catalyst will unfold according to a basic Crisis dynamic that underlies all of these scenarios: An initial spark will trigger a chain reaction of unyielding responses and further emergencies. […]

March 30, 2025 | ‘Golden Era’ Could Face a Deep Valley First

Here’s some cold water on the notion that Trump’s radical trade policies could help bring about an economic golden era. I’d written here last week that punitive tariffs might be the only medicine strong enough to jolt the world into doing honest business. Foreign manufacturers would leap to relocate their plants to the U.S. in […]

March 29, 2025 | Trading Desk Notes for March 29, 2025

The S&P: lowest weekly close in seven months The S&P tumbled ~660 points (~11%) from its all-time highs in mid-February to the March 13 lows (pink ellipse), bounced ~275 points (~5%) to this week’s highs, but then dropped ~235 points (~4%) to this week’s close—the lowest weekly close since September 6, 2024 (blue ellipse.) Many analysts […]

March 29, 2025 | This Week in Money

• Ross Clark:  Stock Markets, Gold, Energy, USD, Canadian Dollar. Special Offer! 25% Off New Annual Subscriptions!
• Victor Adair: (9:10) Stock Markets, Tariffs, Physical Gold vs Gold Stocks, Copper
• Ted Dixon: (35:17) Canadian Insider Index, Gold, Junior Miners, AI, Trump

March 28, 2025 | Trump Tariff War Risks Causing a Recession

President Donald J. Trump surprised the world again Wednesday with new tariffs on automobiles and auto parts. This appears to be in addition to tariffs announced previously and shocked automakers like GM and Ford who make a significant number of vehicles in Mexico and Canada. Is Trump determined to push the U.S. into a recession? […]

March 28, 2025 | Is Canada Joining the USA a Good Idea?

Will a BRICS currency ever challenge the US Dollar?  Special Offer! 25% Off New Annual Subscriptions!

March 27, 2025 | Canada’s Provincial Trade Barriers

Several readers were surprised to hear that Canada imposes provincial “tariffs” or trade barriers that simply act as tariffs. Canadian politicians have been promoting a marketing campaign against US-imposed tariffs, but must recognize that their own domestic policy is hurting the Canadian economy in a massive way. Canada’s tariff rate on international imports averages 1.4%, […]

March 27, 2025 | Gold Miners Finally Getting the Attention They Deserve

Could Oil supplies be building up for a surplus?

March 27, 2025 | Market Uncertainty Powering Gold to Record Highs

Crypto will have great potential if US sets up digital storehouse. Receive 50% Off VR Trader Newsletters! Enter Promo Code 2022HALFOFF.

March 26, 2025 | US 25% Tariff On Venezuelan Oil Lifts WTI To US$70/b.

President Trump is on the warpath against Venezuela and Iran. Regarding Venezuela he introduced a 25% tariff on any country buying its oil and on that country’s goods sold in the US, if they buy crude from the country after April 2nd. For China with a current tariff of 20% this goes up to 45% if not […]

March 25, 2025 | TD: Canadian Recession in 2025

TD Economics’ latest Canadian Quarterly Economic Forecast largely comports with our assessment of an incoming Canadian recession. The wildcard is how much government support can soften the depth of the downturn and contain job losses. TD has a hopeful view. Here are the main takeaways: Canada has borne the brunt of President Trump’s tariff action despite having […]

March 24, 2025 | Wilful Blindness Tends To Be Financially Destructive, In The End

For decades, my mission has been to help individuals with finite lifespans make unvarnished, clear-eyed financial assessments and plans that will serve them well through complete market cycles. Fortunately, we have attracted a strong base of clients who value the approach. But we’re far from mainstream. I am regularly asked to review the portfolios/asset allocations […]

March 23, 2025 | The Unvaxed

COMMENT: Marty, Cheer up. They are coming for you! Gene REPLY: Well, I can’t outrun that many. Hopefully, one is interested in financial markets. Then maybe. When I went to a new doctor, she asked if I was vaccinated, and I said, “NO!” She replied, “Good!“ She worked last at the VA and quit over government policy.

March 22, 2025 | Trading Desk Notes for March 22, 2025

Gold hit new highs again this week, up ~$1,000 from year-ago levels Front-month COMEX gold futures rallied to ~$3,065 this week, up over $400 (~15%) from the January 2025 lows, up ~$1,260 (~70%) from the pre-Hamas attack on Israel lows in October 2023 (blue ellipse) and up ~$1,450 (~90%) from the October 2022 lows (pink ellipse.) […]

March 22, 2025 | This Week in Money

• Ross Clark:  Stock Markets, Gold, Oil, USD, Orange Juice.
• Todd Callender: (12:50) Trillion Dollar Lawsuit Against 5G.
• Josef Schachter:  (49:30) Energy, US Tariffs.
• Mark Leibovit:  (1:23:54) Stock Markets, Gold, Silver, USD, Trump.  Receive 50% Off VR Trader Newsletters! Enter Promo Code 2022HALFOFF.

March 21, 2025 | How Bad is Canada’s Fentanyl Problem?

This is unsettling stuff with broad implications for Canada, but the first steps to recovery are to admit, repent and reform. Most of the 2022 Cullen Commission 101 Recommendations have yet to be implemented. Port Coquitlam, Vancouver Mayor Brad West Describes U.S. Government Concerns with Canada, Says He Would Serve as Fentanyl Czar if a New Government […]

March 21, 2025 | Cycles, Not Tariffs, Could Be Driving Down Stocks

Will Gold hit $40,000 USD?

March 20, 2025 | Violence Against Tesla Owners is Outrageous

  The radical left is extremely dangerous when angered. The intense hatred of Elon Musk has caused a worldwide pandemonium where misplaced raged is directed at Tesla owners. Tesla was once celebrated by the left for championing EV technology, and perhaps favored by those on the left. Now, we are seeing countless daily occurrences of […]

March 20, 2025 | All Signs Bull Stock Market Will Continue

Gold Miners finally getting the attention they deserve.

March 19, 2025 | Crude Oil Softens On Seasonal Build In Inventories. Important BUY Signal Imminent

A partial ceasefire in Ukraine where both Russia and Ukraine committed to stop attacking each other’s energy infrastructure for 30 days is the best that the US could get from the current negotiations to a long term de-escalation and towards a peace agreement. One additional move was a deal to exchange prisoners. Now 175 prisoners […]