I have warned that Illinois is on the brink of bankruptcy. Now, Illinois Comptroller Leslie Geissler Munger says she will delay monthly paychecks for lawmakers and statewide officials since there isn’t enough money to pay the state’s bills and other services should come first. This is really interesting. What will happen next when the politicians cannot get […]
We are in one of the most dangerous periods in many markets from metals and stocks to currencies and bonds. Many people end up buying highs and selling lows because they trade emotionally. They assume if something rallies one day that the trend has changed. If you want to survive your own trading decisions, you […]
QUESTION: Mr. Armstrong; You have stood up against the bankers for their manipulations when nobody else would do so and paid the price that these people who hate you never acknowledge. They even made a movie about you for standing up to these bankers yet these goldbugs do hate you for exposing their rantings. If […]
COMMENT: Mr. Armstrong, I happen to be an anti-trust lawyer. Your piece on the airlines was on point. I am also interested in the precious metals. Recently, one of the “promoters” said you did not know anything about anti-trust. That to me proved these people just say anything and lack the integrity or knowledge about […]
We have provided an update on the metals in the private blog
An encouraging session for Asia overnight but especially the Nikkei. Bouncing from yesterdays lows with an enticing 600 point (3.7%) rally. We did not see that response from either the Shanghai or Hang Seng but positive sessions for both is acceptable for any day. The JPY remains a focal point between dealers as all are looking for […]
The market continues to press everyone up against the absurd. The Dow rallied so far above the 18100 level that it defied the logic that continues to be bearish. Likewise, if we see crude oil pressing highs and a close above the last high of 4242, then we should fill the gap up to the […]
The 2016 World Economic Conference will probably be held in Orlando. We are not planning to hold one in Europe at this time. We will not be holding an introduction, instead, we will provide a DVD of the introduction from the 2015 WEC in Berlin so we can discuss forecasting ONLY. This year, we […]
The gold stocks are really a mixed bag. Some companies will go belly-up and others will survive. Those with big debt positions should stay far away for as interest rates rise, they will get into a lot of trouble. For now, the London Gold Mines have made a seven-month rally. We have a Monthly Bearish […]
This is perhaps the most bearish rally in history. The number of people yelling that the market will crash 80% to 90% is still amazing and the number of short positions remains at record highs, proving this rally is far from over. Now we approach a cluster of Weekly Bullish Reversals below the former major […]
