A mixed session at best, but probably not surprising for a summer Friday and just ahead of US GDP data release. Australian ASX was the best core performer gaining +0.9%, helped by the announcement that BHP was liquidating USD assets to BP. Shanghai and Hang Seng closed in opposite directions and again, not too far […]
John McCain is one politician I have no respect for whatsoever. My opinion of him was formed before his war against Trump. His background many have viewed as a real traitor who sought to save himself compared to Snowden all the way to being of highly questionable character given he was responsible for the death of so […]
QUESTION: Mr. Armstrong, I seem to recall that in your case HSBC had to plead guilty and paid back only $600 million because the difference in the notes in yen was your profit. Putin specifically mentioned that the $400 was stolen. That was you he was talking about. Then the $10 billion they wanted you […]
QUESTION: Hi Martin, in reference to the mailing of 500k in bank drafts to the US by a Canadian in Canada – I am wondering what your thoughts are in wiring > 50,000 (CAD) to a US brokerage account, as a Canadian citizen? Do you think there may be potential confiscation or holding of wired funds […]
PRIVATE BLOG – Dow Jones Industrials July 26th, 2018
A mixed opening seen in Asia this morning which eventually turned into a down day given the lack of volume and positivity. Even though the US sent a confident tone, the after hours trading in Facebook unnerved many tech stocks. Facebook traded nearly 20% lower in futures terms after the Q2 revenue miss. It was […]
An Ottawa man, David Saikaley, acting as executor of a will obtained a bank draft for $500,000 and mailed it to family members in the United States to settle an estate. Bank checks are regarded as “cash” and the money was seized by customs. Almost a year later, the money is still stuck at the border. This is […]
It is time to begin to really investigate Climate Change for what our computer is forecasting is like a dramatic rise in volatility or a Panic Cycle to be more accurate. What does that mean? We are going to experience extremes on both sides. You will see record temperature in the summer of 100+ […]
Watch The Magnitsky Act: Behind the Scenes
The late recovery in the DOW certainly offered a vote of confidence into Asia which benefited core Nikkei (+0.5%) and Hang Seng (+0.9%). Shanghai played plus and minus all day only to close almost unchanged as the Yuan saw a small recovery after recent declines. We saw a similar story in India where the SENSEX […]
