A lot of the talk in Asia was surrounding concerns over the continued and unsurprising decline in the KOPSI. Today it fell again (-0.3%) with industrials and core exporters leading the decline making this the fifth day sellers have taken the lead role. The Nikkei lost for another day, but this time only a small […]
QUESTION: Mr. Armstrong; I have followed you for many years. I have to say, I am truly amazed at what your computer projects. You have never missed a move yet. Here we have the rally in gold into September, yet the August high stands in the market, and even Korea went nuts on your target […]
Am eager to get onto the US’s reaction to weekend events, so will just briefly say that China markets performed on the back of strong PMI data – the highest in three months (52.7 against a previous 51.5). RBA left rates unchanged. The remainder of the trading day focused on US markets reaction to the […]
Stock markets were spooked by North Korea’s sixth nuclear test over the weekend which had the usual effect of rallying safe-haven such as gold and treasuries. The US dollar also found a bid with the Japanese yen benefiting as money scattered from the risk. The Nikkei ended the day around 1% lower with exporters being […]
QUESTION: Mr. Armstrong; At the cocktail party in Hong Kong I am the one who asked you how China should proceed to make the yuan a reserve currency. You said the rule of law must first protect property and surprisingly you said to issue commodity contracts redeemable in gold. Well, everyone knows whatever you seem […]
Think we should just probably forget the Asian session as all were waiting for the US numbers and hoping for some direction as a result. mixed cash session but we are seeing some positive moves in futures following the US numbers. Europe sees the core perform (CAC and DAX both around 1% better) while the […]
QUESTION: Mr. Armstrong, Gold rallies with each political event and then falls back when the event is over. It is not in a sustainable relentless bull market as was the case in the 70s. Almost every stock market has outperformed gold since 1980. This has made me wonder if something is different. Here in India […]
A solid day for the Nikkei today closing up +0.7% but have watched yen trade comfortably with a 110 handle all day. Talk in Japan is very much concentrated on Theresa Mays three day visit and the possible speculation surrounding Japan/UK trade deal. There was a sense that todays session seemed a rebalancing after the […]
QUESTION: Mr. Armstrong; I find it fascinating that your computer projected August as the turning point this year and the week of 09/04. I suppose that could be a set up for the August being a high close and a crash begins in September as it seems always to unfold be it 1929, 1987, 0r […]
QUESTION: Dear Martin, I have been following your blog for years now. I am not a trader or financial person in any sense of the word but I take a keen interest in the economy and try to keep myself educated re current science theories for my own interest. I love your blog and your […]
