Well if you ever wanted to know how bad a totalitarian government can get, you need an uninhibited imagination for only then can you reach reality. We already have programs where the government encourages fingerprinting infants for their own safety in the incident of a kidnapping. Well, government may try implanted chips so they know all lifeforms […]
While government may see gold as the barbaric relic of the past monetary history, it still will serve as a hedge against them from the private individual side. Our biggest problem is the Hunt for Money. They are of the opinion it is not their fiscal mismanagement that is causing the instability, it is that we […]
The insanity of NEGATIVE INTEREST RATES, instigated by Larry Summers, is based upon the stupid idea that lowering interest rates will stimulate borrowing and thus spending. The idea is that penalizing people by moving negative will FORCE them to spend their money and revitalize the economy. But what happens if they invest the money in […]
Shanghai was following the heard (+1.5%) until the last few hours of trading when the index fell to close small down (-0.2%). Both the Nikkei and Hang Seng built on yesterdays gains despite (Japanese) economic data failing to live up to expectations (exports fell 12.9% against a market consensus of -11.3%). Worth noting also is […]
QUESTION: Mr. Armstrong, your opening number for gold was 1199.50. Since it opened above and has rallied, is there a point above where it now must exceed to resume an uptrend? Thanks for being there for free even KW ANSWER: Yes. That number is 1237.00-1238.50. If we can close above that area then gold is […]
This time is was Shanghai that bucked the trend after ending the day up +1.1% whilst the Nikkei and Hang Seng closed 1% lower. All core indices moved in a 3%+ range, which is only to be expected these days. Late in the US trading day, we are seeing Asian futures following the strong pattern of […]
Real Estate is in crash mode. London and Hong Kong look the worst after both were off 15%+ in the first month of the turn from September 30, 2015. The Miami market has been flooded with money from South America whereas New York has been the target for Asia and Europe. The U.S. market is […]
QUESTION: Mr. Armstrong, since the S&P did break last year’s low, does that qualify for a slingshot if the Dow does not? Thank You for all you do GW ANSWER: We do not have to make a new low in the Dow. The S&P 500 penetrating last year’s low was sufficient. We are approaching our […]
As of January 31, Hillary has raised $163.5 million, which is more than any of the other presidential candidates. The question that comes to mind is why would the big banks back Hillary when she pretends to be willing to curb their abuse? The answer lies in what she said at her Goldman Sachs speeches. […]
Governments everywhere are going broke. Despite what people think, gold may yet make new record lows under $1,000 in the months ahead. Canada has sold off a piece of its gold reserve into this rally. There is NO intention of returning to a gold standard. They are moving fully electronic and intend to eliminate cash everywhere. […]
