January 6, 2025 | Unaffordable Home Prices Weigh

Asset bubbles create unproductive debt and uneconomic pricing, which magnifies financial trauma as prices reverse.  Most Canadians now live in cities where the average home price is five to twelve times the average household income (shown below, courtesy of WOWA.ca). The long-term ‘affordable’ norm was three times, max. This reality increases financial vulnerability for households, […]

January 5, 2025 | The Stale US Real Estate Market

  Home sales in the US rose to a four-year high after rising 12.1% YoY, according to a new Redfin report. As I stated, we are entered a buyer’s market in May of 2024 in line with the ECM. Gone are the days of bidding wars and skipped inspections. Home inventory has picked up significantly […]

January 5, 2025 | It’s Time to Tune Out Wall Street’s Siren Song

The party is over, or so says the chart above. It is a long-term picture of the E-Mini S&Ps, and it shows the futures rolling down after touching a 6136 target that has been nearly five years in coming. Actually, it has taken nearly 16 years to get there since the longest bull market in […]

January 4, 2025 | Trading Desk Notes for January 4, 2025

Will the stock market’s “Trump Bump” be sustained? The S&P sold off ahead of the November 5th election, rallied on election day (circle on the chart), gapped sharply higher the day after the election, and then rallied to record highs in early December. The market drifted sideways near all-time highs for ten trading sessions in early December […]

January 4, 2025 | This Week in Money

• Ross Clark:  Stock Markets, Gold, Oil, Uranium, USD and Canadian Dollar.
• Gerald Celente:  (11:28) Stock Markets, Gold, Inflation, Tariffs, China, Will Canada Become the 51st State?
• Victor Adair: (36:58) Top Story of 2024, USD, Canadian Dollar, Gold, China, Trump Bump.
• Hiliard MacBeth:  (1:13:30) Canadian Real Estate, Car Dealerships, EV’s and Batteries.

January 3, 2025 | A Very Reliable Recession Indicator is Flashing Red

Among the several U.S. recession indicators warning of trouble to come, this might be the best one to watch. Yield curve inversion sounds a bit wonky, but it is straightforward. The yield curve on government bonds is derived from the different interest rates on the short, medium and long-term maturities plotted on a graph. The […]

January 3, 2025 | Worst Year End Stocks Performance Since 1966

Junior Gold stocks

January 2, 2025 | Retail Closures in US Hit Pandemic Levels

Over 6,481 retailers have closed their doors since the beginning of the new year, according to data from Coresight Research in November, but that figure is expected to reach 7,327, marking a 57.8% increase in closures since 2023. During the pandemic, closures exceeded openings by 180 stores in 2020, with the gap widening in 2021 […]

January 2, 2025 | The Glow Is Back On for Uranium

Will stocks be as hot this year as the last two years?

January 2, 2025 | While Market Soft, Some Individual Stocks Still Hot

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September 23, 2022 | Remembering Larry Reaugh

Read September 20, 2022 News. Read September 21, 2022 News. “Larry was a giant on the Vancouver mining scene. His presence with a big personality put a mark on the entire sector along with so many individuals in the industry. His experience in every aspect of the business, top to bottom, made him an invaluable […]