Some were disappointed that the RBA (Reserve Bank Australia) did not actually cut rates and so were saw a sell-off in the All Ords. The Index declined around 1.5% with losses seen across the board in Financials, Energy and Resource stocks. The RBA reported balance of payments wider than expected (A$3.1BN). The currency balanced some […]
Comey is to testify Thursday before the Senate Intelligence Committee. He will most certainly be asked about conversations with Trump and the FBI probe into former national security adviser Michael Flynn. But this is the Intelligence Committee, so the focus is supposed to be about about Russian election meddling in the 2016 election while nobody […]
QUESTION: Any comments on the Deutsche Bank trader admitting to manipulating the metals markets? JK ANSWER: The way these people claim the metals are manipulated make it sound as if gold would be $10,000 but for the market manipulations. That is total and complete nonsense. The former Deutsche Bank trader David Liew has confessed to a […]
Ellesmere Island, Nunavut, Canada After Trump pulled out of the Climate Accord that would not let anyone speak at the Paris Conference who disagreed with their research, now according to Reuters, the conservative Berlin circle within the CDU is also calling for a softening of the German climate policy. In a statement, the group demanded an […]
The tragic incident in London over the weekend certainly unnerved market with all core markets trading heavy throughout the day. The Nikkei closed only marginally lower (-0.03%) given the JPY traded in one of its narrowest days in a long time – tensions are building for the end of the week. Other core did not […]
While the leftists are out in force against Trump calling him racist and whatever else they can dream up for his travel ban from countries with Islamic terrorism, we are starting to see European protests against the anti-Trump movement. The London policy institute Chatham House calls a “reservoir of public support” on the continent for […]
QUESTION: Mr. Armstrong; You wrote that the 1906 San Francisco earthquake resulted in the Panic of 1907 and laid the foundation for creating the Federal Reserve. I was also told that the Kobe earthquake in Japan is what resulted in the Barclay’s loss. Is this why you also input natural disasters into your model? Has […]
As we approach June 8th and the elections in Britain, one must wonder how is Britain going to remain inside the EU. The British never voted on allowing the refugees into Europe. That was a unilateral decision by Merkel to save her failing polls due to her harsh stand against Greece. Now Europe is engulfed […]
QUESTION: Mr. Armstrong; does this new report cover how gold responded in World War I and II and civil unrest so you know what to expect with each type of event? Thanks KE ANSWER: Yes. But you have to also keep in mind that it is a function of also where you are on […]
Those who think that the election of Emmanuel Macron to the Presidency of France is the savior of the Euro probably believe that politicians are really there for the people rather than themselves. Macron’s idea of federalizing Europe some call the “transfer-union” is politically never going to happen. The EU is being torn apart at […]
