Trump has surrounded himself with a few people who believe that a new Bretton Woods conference will be necessary and they wrongly believe that a return to a gold standard will be beneficial. What they fail to comprehend is that we have had many gold standards in the past and they all failed. Why? […]
China has called all Bitcoin exchanges to a closed door meeting looking to shut down the flight of capital from China. China is looking to deal with the expected trade confrontation with Trump and looking to shut down the flow of capital that has been putting a downward pressure on their currency. We can see […]
QUESTION: Marty; You gave the resistance in the Dow at 20,158 and it stopped at 20,155. Gold you gave a buy signal at the close of 2016. You give us specific numbers to reach for a bounce or a collapse. Gold is rallying now on claims that the latest run up is attributed to the uncertainty […]
All core Asian indices closed higher today even as energy prices fell another 1% in todays trading. The Nikkei, Hang Seng and Shanghai all closed +0.5% firmer on the day. Currencies were well behaved with the JPY playing around the 112 figure for the majority of the day. The dollar index (DXY) broke above the […]
Given that we saw the US markets retreat mid-session from early highs, in Asia many were concerned the full enthusiasm is yet to arrive. As equity markets took a side-step gold was the main talking point after its near $20 rally in late US trading. The flight to quality also saw the JPY retest old […]
QUESTION: Dear Mr. Armstrong, Is silver currently showing more strength than gold, and therefore likely to move beyond gold in this phase? I’m not a technician but it looks that way to me. Thank you for all you share. M ANSWER: Yes. This is one of the critical factors that must turn to signal a real […]
After a successful Non-Farms number on Friday, Asia followed suit encouraged along by the US markets closing near their days highs. All core Asian indices followed but with the exception of the ASX (Australian exchange) which closed small lower as the currency made ground. The Nikkei made ground closing +0.35% higher but could have been […]
