October 19, 2024 | Tech Talk for Saturday October 19th 2024

The Bottom Line Better than consensus third quarter results released last week by 14% of S&P 500 companies prompted North American equity indices to advance to all-time highs. Analysts were less convinced. They lowered third quarter consensus earnings estimates again. Frequency of quarterly corporate reports ramps up this week. Another 112 S&P 500 companies (including […]

October 18, 2024 | Silver Tests $33 — For the First Time In a Decade

The standard silver pitch is that when gold goes up, stackers note the immense number of silver coins they can get for the price of a single gold Krugerand or Maple Leaf. Then they proceed to pile into the cheaper metal, sending its price up by multiples of gold’s subsequent percentage gains. But this time […]

October 18, 2024 | Insurers Stung By Florida Hurricanes

Costco now selling Platinum as well as Gold

October 17, 2024 | WTI Drops US$8/b Over Last Week As Israel Agrees Not To Attack Iran’s Nuclear Or Energy Facilities

Military tensions are picking up around the world and any miscalculation could expand the war fronts. It is not just the Middle East and Ukraine. China and North Korea are flexing their military muscles and worrying their neighbors. US pressure on Israel has succeeded in getting the IDF to agree not to attack Iran’s nuclear […]

October 17, 2024 | Just a Handful of Stocks Boosting Dow Higher

Is it time for a cryptocurrency break out? Receive 50% Off VR Trader Newsletters! Enter Promo Code 2022HALFOFF.

October 17, 2024 | Stats Show Higher Unemployment After Fed Rate Cuts

Should you be pulling your rainy day funds from the stock market?

October 17, 2024 | Is the Stock Market Anticipating a Trump Victory?

The strain on the grid from AI will be incredible

October 16, 2024 | Retailers Feeling The Pressure of Cash-Strapped Consumers

Major retailers have noted a pullback in consumer spending, and same-store traffic is down across restaurants this year, particularly at sit-down chains. Most are ramping up discounts and promotions to lure customers. See, After years of Increases, Companies are Rolling Back Prices: Retailers, restaurants and other companies spent years lifting prices. Now that consumers are closing […]

October 16, 2024 | Sean Taylor: The Strategic Vote for BC in Boundary Similkameen

• Sean Taylor:  Health Care Top Priority for BC.  Follow Sean on Twitter, Facebook and YouTube

October 15, 2024 | Results are in: ‘Easy’ Money Policies Build Debt, Hurt Productivity and Affordability

The results of the easy money experiments from 2009 to 2022 are widely evident: they yielded record indebtedness and unaffordable housing. This was especially true in Canada, where the median household debt to income was 175% in the second quarter of 2024 from 156% in the fourth quarter of 2008. At the same time, the […]

October 14, 2024 | The Four Powers Aligning

  COMMENT: Marty, you have been spot on. North Korea, China, and Iran are banning together with Russia. What you have laid out is basic common sense. The ancient saying the enemy of my enemy is my friend. I don’t understand how common sense seems to be no so common certainly among our journalists who […]

October 13, 2024 | Kamala Unwinding

[I can’t stomach news reports that take Kamala Harris’s candidacy seriously, especially articles suggesting with brazen implausibility that she is polling dead-even with Trump in some important swing states. Fortunately for those creeped out by all the tilted campaign coverage, my colleague James Howard Kunstler has compressed everything you need to know about the election into a […]

October 12, 2024 | Trading Desk Notes for October 12, 2024

The leading North American stock indices are at record highs The S&P has closed higher for 9 of the last 10 weeks, rising ~14% from its early August lows. The index is up ~22% YTD, ~41% from year-ago lows, and ~65% from two year-ago lows. It has closed higher for 11 of the last 12 […]

October 12, 2024 | This week in Money

• Ross Clark:  Stock Markets, Dow, S&P, Gold, USD, Canadian Dollar. Special Offer! 25% Off New Annual Subscriptions.
• Victor Adair:  (9:21) Markets, Inflation, China, Recession.
• Josef Schachter:  (38:25) Energy, Oil, Natural Gas.
• Martin Straith: (67:45)  Stock Markets, Seasonal Trends, Gold, Government Deficits.  Special Offer!

October 11, 2024 | More Great Gold Miner Earnings Reports Coming Soon

A rising gold price boosted second-quarter (June-August) earnings for the best-run gold miners. See: Q2 Gold Miner Earnings Might Liven Up the Summer Doldrums Portfolio Update — Q2 Earnings Edition And earnings for Q3 — which ended on September 30 and will be reported shortly — should be even better, thanks to continued gains for […]

October 11, 2024 | Will Russian Buying Push Silver to $50?

Is It Still a Good Time to Get Into Corporate Bonds?

October 10, 2024 | Cycle of War Technology & Fate of the EU

  QUESTION: I hear that the F16, introduced in 1978, is obsolete in today’s modern war. Do you have any information on this? Have we entered the day when swords are replaced by guns? PH ANSWER: The F-16 is a legendary warplane. You are correct. It was first introduced in 1978. It was a versatile […]

October 10, 2024 | Hurricanes, Gold, Trump, Zombies

Corruption in Canada, Children, Steal the Election, Dumb as Rocks.

October 10, 2024 | Oil Surprisingly Flat Despite Middle East Turmoil

Defense stocks on the move higher.

October 10, 2024 | Do Lunar Cycles Influence Gold Prices?

Insurance shares shrug off the latest Florida hurricane.  Receive 50% Off VR Trader Newsletters! Enter Promo Code 2022HALFOFF.

October 9, 2024 | Realty Bubble Bursting as Power of Sales Spread

In September, across the Greater Toronto Area, there were 204 power-of-sale listings, more than double the 96 reported in September 2023, an increase of 112% year over year and more than triple pre-pandemic levels (chart below since 2020).   See, Power-of-sale listings more than double as mortgage lenders repossess homes from over-leveraged buyers. Finally, reality is dawning […]

October 8, 2024 | Biden Wants Banks to Report All Transaction over $600

The Biden Administration is pushing banks to report every $600 transaction, whether a deposit or withdrawal, from every business or personal account. The Democrats want everything, and no matter how much they collect, they will always spend more. TAXES are really no longer even necessary along with borrowing. They never pay off the debt anyhow, […]

October 7, 2024 | Cheaper Mortgages?

Happy Monday Morning! I just got back from presenting at the annual Veritas Real Estate conference in Toronto. The conference, which caters towards investment professionals and financial institutions engaged in a healthy debate on the direction of our housing market. There was a lengthy discussion on interest rates, which is undoubtedly one of, if not the largest […]

October 6, 2024 | Why I Do Not Trust Safety Deposit Boxes

  I have said numerous times that your personal belongings are at risk in safety deposit boxes. The Fourth Amendment was intended to protect Americans from illegal search and seizures, but as we have seen in recent years, the government does not respect the Constitution or our freedoms. Governments will become increasingly tyrannical as we […]