October 12, 2022 | The Everything Bust Will Take Some Time

Yesterday, Canada’s TSX stock index closed at 18,215, breaking below its previous July low of 18,329. As I noted in Tech leading lower, the February 2020 high of 17,944 is the next price test on deck for the TSX. As of today’s open, the Canadian benchmark is -18% since March and just 1.5% above where it […]

October 12, 2022 | US Dollar, Interest Rates, Inflation, Real Estate

Politicians, Regulators and “Insider” Trading

October 11, 2022 | Waiting For a Pivot

More housing data trickling out of Canada’s two largest major metros. Greater Vancouver home sales fell 46% year-over-year. It was one of the slowest Septembers on record, other than 2008, 2012, and 2018. Prices are still moving lower, albeit mostly in suburban markets which saw excessive price gains during the pandemic. For example, the median […]

October 10, 2022 | The Bank of Canada Should Admit QE FAILED

In 2020, Pierre Poilievre, chief Conservative spokesman on finance issues, said Canada’s central bank “should not be an ATM for Trudeau’s insatiable spending appetites.” Conservatives cooperated with the Liberals when it came to COVID-19 emergency spending. Everyone was in on that power grab. Now the nation is in worse shape, further in debt, and inflation […]

October 9, 2022 | Where Are the Workers?

By now it should be clear Federal Reserve leaders intend to keep hiking until the economy breaks. Their recent speeches and interviews all underline this. Specifically, they want to reduce the strong consumer demand that has been keeping goods and service prices elevated. Interest rate hikes are merely a tool they have to that end—and […]

October 8, 2022 | This Week in Money

• Ross Clark –  Stock Markets, USD, Crude Oil, Gold, Silver
• Robert Campbell – (09:52) The Fed, Real Estate, Commodities, Gold, Health and Fitness
• Ray Merriman –  (1:11:08) Financial Astrology, Market Cycles

October 7, 2022 | Timing the Markets – Including Real Estate

  As many of my followers know, I use chart patterns and momentum to help make market timing decisions. To illustrate, look at the chart of the US Dollar Index that is featured above. As a result of the Fed raising interest rates to fight inflation, the US Dollar Index has risen 15% in the last […]

October 7, 2022 | Problems in Bond Land

Just how safe is your pension?

October 6, 2022 | Remember, USD Love is Cyclical Not Permanent

With most assets dropping in 2022, the US dollar (DXY) has been a rare standout, up 25% against a basket of global trade currencies since December 20, 2020, and 17% year to date. As with most trends, it’s common for humans to expect the status quo to continue indefinitely. Nothing ever does. After bouncing for […]

October 6, 2022 | Could Stock Markets Test March 2020 Lows?

Pot in the US, Gold, Cryptos, Geo-cosmic Events.   Special Offer! Receive 50% Off VR Trader Newsletters! Enter Promo Code 2022HALFOFF.

October 6, 2022 | Interest Rates, Inflation, Gold, US Dollar

Crude Oil, Gasoline, Commodities

October 5, 2022 | Housing Bubble Woes: Mortgage Demand Plunges, Rates Near 7%, Spread Between Mortgage Rate & 10-Year Treasury Yield Blows Out Most since Dec. 2008 and 1986

In the week ended September 30, demand for mortgages to purchase a home plunged by 13%, seasonally adjusted, from the already beaten-down levels in the prior week, according to the Mortgage Bankers Association today. Compared to the same week last year, purchase mortgage applications dropped by 37%. They fell through the lows during the lockdowns […]

October 4, 2022 | Trump Sues CNN

Former President Trump has filed a defamation lawsuit against CNN. It is of no surprise that the network repeatedly bashed the president before, during, and after his presidency. Trump’s attorney claims the network “has sought to use its massive influence — purportedly as a ‘trusted’ news source — to defame the Plaintiff in the minds […]

October 3, 2022 | Conditions Intensifying

It seems that every important factor I follow in silver is intensifying and becoming more bullish. The most important factors in silver are wholesale physical market conditions; the futures market structure on the COMEX; the physical silver and gold holdings of interests associated with JPMorgan; developments in the short position of SLV, the big silver […]

October 2, 2022 | Investment Advice from a Millionaire Barber

[Louie Piro, my barber when I lived in Mountain View CA shortly before Google arrived, became a multimillionaire with a simple investment strategy. I thought of him the other day when a Rick’s Picks subscriber wondered aloud in the chat room which investments are most likely to prosper in the recessionary hard times that Americans will soon […]

October 1, 2022 | Trading Desk Notes For October 1, 2022

“The most important thing” for the financial markets the past few months, and especially for the last three weeks, has been the realization that the Fed is DETERMINED to get inflation down and “break the back” of future inflation expectations. Credit markets US bond yields YTD have had the steepest rise ever – with 2/3 of the move […]

October 1, 2022 | This Week in Money

• Ross Clark –  Stock Markets, USD, Canadian Dollar, Oil, Gold
• Martin Straith – (13:35)  Stock Market Panic, Interest Rates, Inflation
• Wolf Richter – (41:07) Real Estate, Interest Rates, Autos
• Shaheem Ali – (1:14:35)  CFO, RecycLiCo™ Battery Materials Inc. on Company Showcase – Turbulent Times and the Road Map Ahead. We are now RecycLiCo™ Battery Materials Inc.  Read the Latest News. Read Global Newswire Article – “Outlook on the Battery Recycling Global Market to 2027 – Featuring American Manganese, Aqua Metals, Doe Run, Fortum and Gopher Resource Among Others“.  Read Grist Article – “The Senate’s Bipartisan Push for EV Battery Recycling“.  Read Lifewire Article – “The Dirty Problem With Electric Vehicles? Mining for Batteries“. See RecycLiCo™ Battery Materials Inc. Presentation – July 2022.

  Questions?  Email or Phone: 778.574.4444

September 30, 2022 | Turbulent Times and the Road Map Ahead

We are now RecycLiCo™ Battery Materials Inc. Read the Latest News. Read Global Newswire Article – “Outlook on the Battery Recycling Global Market to 2027 – Featuring American Manganese, Aqua Metals, Doe Run, Fortum and Gopher Resource Among Others“. Read Grist Article – “The Senate’s Bipartisan Push for EV Battery Recycling“. Read Lifewire Article – “The […]

September 30, 2022 | China Pulls the Plug on Its Trillion Dollar Belt and Road Program

Gold, US Dollar, Bonds, Inflation

September 30, 2022 | Amazon to Close 4 of its 5 US Call Centers, Shifts to Work-from-Home, after Closing 44 Warehouses, Halting Construction on 7 Office Towers

Amazon, which booked net losses in Q1 and Q2 totaling nearly $6 billion and whose shares are down 38% from their high in July last year, is undertaking large-scale efforts to cut costs – including commercial real estate costs. It is closing or cancelling 44 warehouses across the US; it’s halting construction on six office […]

September 29, 2022 | The Bear Trap – Is It Finally Set?

What has been occurring in the gold and silver markets is nothing short of extraordinary. In the face of all objective and measurable conditions in the physical markets pointing to higher prices, instead prices have collapsed over the past six months by amounts comparable to the sharpest selloffs in history. From the price top of […]

September 29, 2022 | Canada Housing Bust Update

What’s it like to ride in a self-driving Tesla?

September 29, 2022 | Making Money in a Declining Market, Solar Flares

Gold, Oil and Gas, Cryptos.  Special Offer! Receive 50% Off VR Trader Newsletters! Enter Promo Code 2022HALFOFF.

September 29, 2022 | Bear Market, Gold, Lithium, Real Estate

Trader Confidence, Key Indicators