An extremely quiet day, as you would expect in this holiday shortened trading session. With Japan on a public holiday due to Emperors Day it was left to the Shanghai and Hang Seng to set the mood for European trading. Both closed lower as energy continued to weigh on sentiment but was probably the […]
As we approach 2017, the euro appears far worse than anyone could imagine. The biggest hypocrite is actually Mario Draghi who is outrageously managing the European Central Bank (ECB). To make this as plain as possible, the ECB is the largest individual creditor of the euro countries, and is thus a bank that is undermined completely by the poor creditworthiness of the […]
To make it clear, India is not going door to door to confiscate gold any more than FDR did. The reason so many $20 gold coins have survived is because there was no door to door confiscation. Banks and corporations who had records of gold were forced to turn their gold over and then FDR […]
QUESTION: Well Marty, I am actually baffled at what is happening in the United States. First, the demonstrations, the recount, the campaign to derail the electoral college vote, the continuous blaming of Russia, the fake news furore et al… Is this the end of the United States as we know it? Are Obama, Clinton and co […]
After a reasonably quiet session for the US markets (when many had hoped the DOW would break the 20k level) Asia had little chance of making much ground. The Hang Seng took most of the wind out of their sales with prices down around -0.8% with many large caps lower on year end profit-taking and […]
States are simply going bankrupt and in the process, they will become very nasty and aggressive. In South Carolina they will introduce a bill for the legislative session that will begin in the new year that will require all manufacturers and sellers of computers and other internet-capable devices to install porn-blocking software on all their products. If […]
QUESTION: Marty; I was watching Fox News and on the same show they had Steve Forbes and Steven Moore. I remembered you were friends with Steve Moore when he was at the Cato Institute. There was talk the two of you were going to do something together. Both are in with Trump along with Nigel Farage. […]
QUESTION: Aloha Martin, Can you please comment about the new Sharia gold standard. It is being touted as allowing Muslims to more gold vehicles besides owning the usual physical coins and jewelry thus increasing the demand. I understand it as long as the paper is backed by physical is is allowed. I remember you commenting on […]
