We have not yet broken gold for all the people writing in. So far we have elected three Weekly Bearish Reversals from the July 2016 high in gold and three Monthly Bearish Reversals. We have elected two Weekly Bearish Reversals from the high in June and fallen into the target week of July 10th and […]
Whenever there is a national holiday and especially July 4th, volumes are light which can result in larger moves and higher volatility. Given that North Korea tested another missile earlier today the effect on markets was more extreme than would otherwise have been expected. The Hang Seng took the brunt of the move closing down […]
Some refreshingly strong data released in both Japan and China has helped market move on a note. We saw the BOJ’s TANKAN (business confidence data) show an improvement from previous quarterly number at +17 (prior was +15). This has helped push the Nikkei a little better but sees the JPY trade weaker now with a […]
A flood of comments from central banks this week has been signalling that the era of easy money is coming to an end. Of course, the nonsense spouted out by the Gold Promoters that hyperinflation was coming has left 10 years of continually wrong forecasts, yet the pretend analysts have done far more damage to […]
India has been fighting the gold trade for the past few years. They have sought to highly restrict it to prevent the net capital outflow. They even attempted to impose a 18% tax. As of July 1st, 2017, India is imposing a tax on gold bullion be it in coin or bar form of 3%. […]
China’s core indices continue to make ground having made their mark on the world stage last week. Both Hang Seng and Shanghai closed almost 1% higher building on recent gains as money is being reallocated towards domestic ventures rather than international, as was the talk today. The Nikkei inched higher but only as the JPY […]
2017 World Economic Conferences This year’s Orlando World Economic Conference is going to be important. Things are shaping up political to be a real nightmare and the markets are reflecting total confusion. As we head into 2018, this may actually present not the trade of a lifetime, but the trade of several lifetimes. As they […]
QUESTION: Marty; I watched the National Geographic special called Genius on the life of Einstein. I could not help but see the parallel with you from fighting the establishment, going head to head with the academics, and how the FBI tried to trump up charges against him to send him to prison. He also said the […]
Governor Jerry Brown of California is committing treason Against the United States. He is leading a confederacy against the Federal Government and should stand trial, but of course that would be controversial. After Trump rejected the Paris Climate treaty, which had never been ratified by the Senate, the European Union announced that it would work […]
Illinois Comptroller Susana Mendoza was ordered to make a “substantial” dent in a $2 billion backlog of bills owed to Medicaid providers. The courts ruled that according to the State Constitution, it cannot reduce the pension payments to state employees. What is happening in Illinois is indicative of how governments are imploding and why I […]
