November 10, 2024 | What If It Really Is Morning in America?

I’ve been confidently anticipating the Mother of All Tops since, like, around 1975, but this week I decided to go wholeheartedly with the flow. The result, technically speaking, is a robustly optimistic S&P target at 7644.50. This might not be what permabears want to hear, but it will leave bulls sufficient room to deal with […]

November 9, 2024 | Trading Desk Notes for November 9, 2024

US stock indices soared on Trump’s victory—the DJIA, S&P, and NAZ rallied to new record highs this week. The S&P and the DJIA hit record highs in mid-October but then trended lower into month-end, perhaps de-risking ahead of the election. On election day (ellipse), the indices were bid aggressively from the opening bell, soared in the […]

November 9, 2024 | This Week in Money

• Ross Clark:  Stock Markets, US Election, Gold, Oil, USD and Canadian Dollar.
• Victor Adair: (13:45) Election of President Trump and the Stock Markets, USD, Canadian Dollar.
• Robert Campbell: (37:44) US and California Real Estate, Fed Rate Cuts.

November 8, 2024 | Superhot Rock Energy Provides Unlimited Power

One of the hottest new technologies for production of heat and electricity is found deep underground. With ground-source heat pumps there is a year-round reservoir of constant temperature air just a few meters below the surface. This air is the same as the average temperature above ground. Heat pumps are useful for cooling in the […]

November 8, 2024 | Still Room for Junior Miners to Enjoy Gold Boom

Why isn’t the Bank of Canada buying Gold?

November 7, 2024 | US & China Energy Consumption Falls. We See WTI Declining Below US$68/b In The Coming Weeks

The Fed meeting ended today and the expected 25 BP cut was announced. I would keep an eye on the 10-year US Treasury now at 4.43%. It was down to 3.60% in mid-September. The high for 2024 has been 4.74% in April. If we exceed 4.74% then the Fed may be boxed in from further […]

November 7, 2024 | Fed Rate Cuts Not Lowering US Mortgage Rates

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November 7, 2024 | Sectors Expected to do Well Under Trump

Will inflation run wild under president Trump?

November 7, 2024 | No Signs of Stock Market Rally Ending Soon

How will Gold do under a Trump administration?

November 6, 2024 | These Two Things Don’t Go Together Which one wins?

The election is over, and the result is pretty close to a best-case scenario. The victory margin is big enough to head off the expected civil unrest, giving us a more-or-less peaceful transfer of power. And if Trump and his team keep their promises, they’ll quickly address the existential threats of global war and mass […]

November 5, 2024 | Home Listings Rise as Pandemic-Era Mortgages Approach Renewal

A new CMHC report notes that 1.2 million mortgages are up for renewal in 2025 and 980,000 in 2026. About 85% have fixed rates contracted when mortgage rates were below 2% compared with over 4% today. Although the Bank of Canada has lowered its base rate from 5 to 3.75% since June, Canadian fixed-term loan […]

November 4, 2024 | Our Fragile Infrastructure: Lessons From Hurricane Helene

Asheville, North Carolina is known for its historic architecture, vibrant arts scene and as a gateway to the Blue Ridge Mountains. It was a favorite escape for “climate migrants” moving from California, Arizona, and other climate-challenged vicinities, until a “500 year flood” ravaged the city this fall. Hurricane Helene was a wakeup call not just […]

November 3, 2024 | Home Sales Reach 14-Year Low in the US

  The home buying frenzy seen during the pandemic years has ended. We are no longer in a seller’s market as the tides have shifted. The National Association of Realtors reported that home sales in the US slowed to a 14-year low this September. Sales declined 3.5% on an annual basis. Existing homes declined 1% on a […]

November 2, 2024 | Trading Desk Notes for November 2, 2024

Bond yields have risen sharply since the Fed cut short rates on September 18. When the Fed cut rates in September, the 10-year yield was ~3.6%, an 18-month low. It was ~80 bps higher at 4.4% at Friday’s close. In October 2023, the yield was ~5%, a 16-year high. In this daily chart of the 10-year […]

November 2, 2024 | Trump Wins, Eliminates Federal Income Tax, Economy Booms – This is Important

Link to Interview.   This was the Tax Reform Proposal for Congress in 1996. It set the stage for the abolishment of the Income Tax, the introduction of the Consumption Tax, and the restoration of the tax system prior to Marxism. The proposal in its entirety is provided here in PDF format, Parts 1 to […]

November 2, 2024 | This Week in Money

• Ross Clark:  Stock Markets, Gold, Oil, USD, Canadian Dollar, Euro.   Special Offer! 25% Off New Annual Subscriptions.
• Marc Faber: (10:49)  US Election, Income Tax, Tariffs, Gold.
• Allan Mark Angell: (38:57) Luxury Real Estate, Foreign Buyers, Vancouver Area Home Sales.

November 1, 2024 | The Great Mortgage Reset in Canada will Hit Hard

Canadian policy makers are worried about potential weakness in the economy due to higher interest rates. One of the biggest challenges facing Canadians is the increase in monthly payments that comes with higher rates. Although there have been four Bank of Canada rate cuts this year, mortgage rates have not come down as much as […]

November 1, 2024 | Will it be “Different This Time” for Stock Markets?

Junior Gold stocks have been great way to enjoy Gold’s rise

October 31, 2024 | Fourth Turning Election Igniting A Firestorm

“Imagine some national (and probably global) volcanic eruption, initially flowing along channels of distress that were created during the Unraveling era and further widened by the catalyst. Trying to foresee where the eruption will go once it bursts free of the channels is like trying to predict the exact fault line of an earthquake. All […]

October 31, 2024 | What has More Impact than Fed Control of Interest Rates

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October 31, 2024 | Are the BRICS Closer to Bringing On the “Unit”?

The global race for global Gold supremacy

October 31, 2024 | Is Nvidia Really Worth Three And A Half Trillion Dollars?

Did the Bank of Canada cut too much, too soon?

October 31, 2024 | A Trump Victory Already Priced Into Stock Market

Gold still has room to go higher

October 30, 2024 | What’s The Right Amount To Bet at a Casino?

During the financial mania of 1634 to 1637, people bid up the price of tulip bulbs. At peak craziness, a “Semper Augustus” bulb sold for the equivalent value of a $14,000,000 mansion on the Amsterdam Grand Canal today. Then the fever broke, dragging bulbs and participants’ net worth back into the dirt. Today’s financial mania […]