Much of the Asian trading day was over when results began to appear from the US midterm elections and so markets lacked momentum. Early gains were reverted in what we now know were misinterpreted Asian market responses. The USD was sold throughout much of the day, but interesting that the Japanese Yen retained a 113 […]
It looks like we will not have the final number on the MidTerm Elections at least until tomorrow. There are more than a dozen races across multiple states that are too close to call which include contests in Arizona, Florida, and Montana for the U.S. Senate and in Georgia for governor. There is a Senate special […]
“The Democrats cannot reverse their declining trend since they peaked with FDR, and the Republicans cannot deliver the final death blow to the Democrats to put them out of their Marxist misery.” The computer was correct. There was no Blue Wave. The real interesting aspect is it appears we may have a Bearish Reversal elected in […]
QUESTION: Mr. Armstrong; I really encountered an insane goldbug who claimed you were paid off by the gold cartel to keep the price down. These people cannot open their eyes and see anything but gold or bitcoin. Then they argue the age of knowledge and bitcoin will become the new reserve currency. You really […]
Asia closed mixed but did see some corrections from Monday’s almost extreme moves. In Japan the Nikkei opened around 1% better and gradually managed to build upon those gains. Although closing up 1.15% led by pharmaceuticals, industrials and commodity companies we should still see things from the point of view in that, they many are […]
Sen. Chuck Grassley has asked the FBI to investigate another person he says made false claims against Supreme Court Justice Brett Kavanaugh. Previously, an investigation into sexual misconduct allegations against Supreme Court Justice Brett Kavanaugh by multiple women found that there were no witnesses that could provide any evidence to substantiate any of their claims. […]
As we go into the elections tomorrow, this campaign has revealed the great political divide that once it has been exploited, there is no putting it back. A Democratic win in the House guarantees that this political divide will only get wider and deeper. They cannot actually pass anything without both the White House […]
The latest data from Euro Stat for September 2018 demonstrates the complete failure of the ECB and its Quantitative Easing. The Euro area (EA19) seasonally-adjusted unemployment rate came in at 8.1% in September 2018, which was down slightly from the year/year perspective of about 8.9%. This above all proves that the entire theory of the […]
Asian markets were a little concerned of the afternoon sell-off the US markets experienced Friday and so were a little hesitant to find their own feet to open the week. Obviously, the media has worked everybody up into a frenzy ahead of Tuesdays US Midterm elections. In China President Xi Jin ping opened the China […]
QUESTION: Mr. Armstrong; I watched the new documentary on your solution. I really want to thank you for everything you do and for free. It is so nice to see someone who actually gives back and has no personal agenda to enrich themselves. My question is this. You mentioned the reason why the United States […]
