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%. […]
COMMENT: Marty; Thank you for doing your conference in Hong Kong. It made it really convenient for all us from Downunder. You are probably aware that South Australia is broke and they just imposed a huge tax on the banks. They are calling it the “surprise tax” of $280 million on the top 5 banks. Many […]
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Following-on from the weak US session, Asia drifted in sympathy. The news from the US Senate, after their markets had closed, worried Asia as they responded to the news. On the whole core markets were lower, the exception being a +0.7% increase in the Australian ASX. Shanghai and the Hang Seng closed around -0.6% lower. […]
QUESTION: Mr. Armstrong; I too watched Genius on the life of Einstein. It also left me with the same feeling that it was a parallel to your life right down to the Russian girlfriend you had that the government cancelled her visa. You both seem to have accomplished things others could not see even existed. […]
The clandestine firm that created the false dossier on Trump is refusing to cooperate with Congress. They are refusing to turn over to congress information of not just how the report was crafted, but who paid for it. The Senate Judiciary Committee threatened now to subpoena the firm, Fusion GPS, after it refused to […]
The July 22nd, 2017 Frankfurt half-day seminar will be targeting Europe. The week before is a rather important turning point and if Theresa May cannot form a government within a week or so, we are looking at sheer chaos now coming from Britain. The entire EU is coming unglued. We have a major pension crisis […]
Although the Shanghai index continued its positive trend we did finally see only a minimal advance and then a small set-back for the Hang Seng. An earlier strong gain (+0.6%) in the Hand Seng was lost by the time the market had closed but with numerous unexplained small cap scares, it was not a surprise […]
Britain’s Prime Minister Theresa May has at last secured a governing majority in the UK Parliament by agreeing to spend £1 billion on top of £500 million previously promised to Northern Ireland. Of course the stability of the May government going forward will be delicate as Jeremy Corbyn does his best to bring down the […]
The EU has extended its economic sanctions against Russia for another six months, which really makes no sense. No sanction will cause Putin to abandon a strategic port in Crimea that was originally Russian territory before it gave it to Ukraine to be administered. President Donald Tusk announced it on Twitter interestingly revealing that Chancellor […]
