Iran – When will it Fall?

December 15, 2024

Iran 2

QUESTION: Mr. Armstrong, I do hope you hold your conference in the Dubai. I know you have a number of staff there. I recall that you had a projection for Iran to begin its decline and fall and end up with yet another revolution. I believe it was starting in 2024 and I think it would end by 2032. can you provide an update on Iran?

thank you so much for your kindness.

HBB

Iran Pahlavi Gold half Pahlavi

ANSWER: Yes, the start would be 2024 which was 72 years from the 1952 uprising. We are also looking at the collapse of the Iranian government – not just Republics. This is a global political reset. Iran will completely collapse by 2030. It will not make it to 2032. Supreme Leader Ayatollah Ali Khamenei is facing the fall his proxy terror groups throughout the Middle East. However, my sources have confirmed to me that Turkey advised both Iran and Russia not to intervene, for they were, in truth, taking down Syria. I believe Putin has read between the lines, but Iran did not. Turkey in making its play for checkmate on the Middle East.

I have not yet made the decision for Dubai. I want to see if Trump is actually sworn in first. There are some very dark forces still at work, and they intend to lead the world into war.

 

 

Is Bitcoin 1929 or DOT.COM Bubble All Over Again?

December 14, 2024

Irving Fisher Comments 1929

QUESTION: Marty, is it possible we are witnessing the greatest financial trap to unsuspecting global citizens as they ‘build a digital prison’ as many opine OR is this the perfect monetary system that will give opportunity to impoverished nations to rise out of the ashes?

We see kids, millenials to Gen X, buying it like it’s Thor’s hammer on some Marvel video game yet its consequences are real unlike the Marvel video game coins and so on. This video game is the real deal. Governments are now buying as much bitcoin as they can and I know an individual who bought his house with Bitcoin as collateral.

It is an age old saying, “When something sounds too good to be true, it usually is.” This seems to be pertinent regarding this supposedly perfect monetary system, one that has never been witnessed before.

Who is actually in command of the truth of this now Bitcoin mania and are Bitcoins reborn “Tulips”?

One side delivers compelling conviction that it is financial freedom, the other portrays it is financial armageddon and there appears to be no middle ground in the discussion of it as a monetary system (vs an investment tool).

I welcome any further comments you can make to enlighten the rest of us.

Respectfully,
PH

Death Taxes

ANSWER: There are those who are touting that Bitcoin will only rise, just as Irving Fisher was saying about the stock market just before it crashed. Bitcoin is the biggest scam of authoritarian government known to history. Ben Franklin said:

“Our new Constitution is now established; everything seems to promise it will be durable; but, in this world, nothing is certain except death and taxes.”

Our illustrious politicians overruled the Founding Fathers, who prohibited Direct Taxation, knowing that it was the path of tyranny and hatred of the rich that pours through every line written by Karl Marx. They implemented the income tax with a Constitutional Amendment in 1913. Ever since we have had class warfare. The Democrats seek to bribe people for their votes, always promising to rob the wealth from one person to give it to another. The courts selectively allow discrimination by class and talent because that pays their salaries. It’s illegal to discriminate against someone for their race, but if they have more money than you, it’s then fair game.

Part of the problem has been the uneducated propaganda against the Federal Reserve printing money and attributing that to the bankers as if it should be in the hands of the politicians. This has distorted the very definition of money. They then blame the Fed for inflation instead of the politicians who love to say that they can spend whatever they want and that it is the Fed’s job to make it noninflationary.

Money functions as the (1) unit of account and (2) as the accepted medium of exchange. It has been the dream of bureaucrats to be able to trace every transaction and ensure they get their pound of flesh every time there is a transaction. We are the enemy. Never forget that. Like the Mafia engaged in a protection racket, bureaucrats are no different. Pay or go to prison.

Heleny

Cryptocurrency is absurd. Why? We just had two back-to-back hurricanes here in Florida. While I personally have a power generator, the power grid went down, and the internet went down. The stores had no power and could not even take a credit card. If you wanted anything, it was physical cash only. With no power, you could not even go to an ATM to get some money. In Florida, you learn you should always have some cash on hand, just in case.

If even a credit or debit card does not work without power, neither will crypto. The internet was down for over 10 days. All those selling crypto for the government only see their dream of taxation on absolutely everything – even that 16-year-old girl next door who watches the kids so you and your wife can go to dinner. You gave her $20? OMG. That’s why the government has deficits.

China Cowry Shell Evolution
Minoan Ingot Sheep Skin

 

Money has been everything from seashells and gold to things of value such as bronze, grain, and sheep skins. When it comes down to durable money, it typically has practical use – utilitarian value. In prison, it used to be a pack of cigarettes, and then it became a pack of mackerel.

Rome AesSignatum Bull

Here is a Roman bronze ingot known as an Aes Signatum (5 lbs) of bronze with the equivalent image of one head of cattle. I’m sorry, but money that depends on the power grid and can be programmable subject to a bank -debanking you, is not a sustainable monetary base. This would lead to an economic recession and a restriction on commerce.

Market Talk – December 13, 2024

December 13, 2024

Market Talk 2017

ASIA:
The major Asian stock markets had a mixed day today:
• NIKKEI 225 decreased 378.70 points or -0.95% to 39,470.44
• Shanghai decreased 69.62 points or -2.01% to 3,391.88
• Hang Seng decreased 425.81 points or -2.09% to 19,971.24
• ASX 200 decreased 34.30 points or -0.41% to 8,296.00
• SENSEX increased 860.93 points or 1.06% to 82,150.89
• Nifty50 increased 219.60 points or 0.89% to 24,768.30
The major Asian currency markets had a mixed day today:
• AUDUSD decreased 0.00141 or -0.22% to 0.63549
• NZDUSD decreased 0.0028 or -0.48% to 0.57550
• USDJPY increased 1.087 or 0.71% to 153.718
• USDCNY increased 0.00514 or 0.07% to 7.28159
The above data was collected around 15:02 EST.
Precious Metals:
•  Gold decreased 28.85 USD/t oz. or -1.08% to 2,651.84
•  Silver decreased 0.433 USD/t. oz. or -1.40% to 30.462
The above data was collected around 15:04 EST.
EUROPE/EMEA:
The major Europe stock markets had a negative day today:
•  CAC 40 decreased 11.37 points or -0.15% to 7,409.57
•  FTSE 100 decreased 11.43 points or -0.14% to 8,300.33
•  DAX 30 decreased 20.35 points or -0.10% to 20,405.92
The major Europe currency markets had a mixed day today:
• EURUSD increased 0.00277 or 0.26% to 1.04962
• GBPUSD decreased 0.0056 or -0.44% to 1.26175
• USDCHF increased 0.0004 or 0.04% to 0.89265
The above data was collected around 15:08 EST.

US/AMERICAS:

US Market Closings:

  • Dow declined 86.06 points or -0.2% to 43,828.06
  • S&P 500 declined 0.16 of a point or unchanged to 6,051.09
  • Nasdaq advanced 23.88 points or 0.12% to 19,926.72
  • Russell 2000 declined 14.18 points or -0.6% to 2,346.9

 

Canada Market Closings:

  • TSX Composite declined 136.41 points or -0.54% to 25,274.3
  • TSX 60 declined 7.88 points or -0.52% to 1,516.97

 

Brazil Market Closing:

  • Bovespa declined 1,460.61 points or -1.16% to 124,581.6
ENERGY:
The oil markets had a mixed day today:
•  Crude Oil increased 1.215 USD/BBL or 1.74% to 71.235
•  Brent increased 1.078 USD/BBL or 1.47% to 74.488
•  Natural gas decreased 0.1678 USD/MMBtu or -4.86% to 3.2872
•  Gasoline increased 0.0063 USD/GAL or 0.32% to 1.9988
•  Heating oil increased 0.0355 USD/GAL or 1.59% to 2.2701
The above data was collected around 15:11 EST.
•  Top commodity gainers: Crude Oil (1.74%), Cocoa (6.91%), Orange Juice (1.86%) and Rapeseed (1.73%)
•  Top commodity losers: Platinum (-2.05%), Butter (-2.22%), Palladium (-2.79%) and Natural Gas (-4.86%)
The above data was collected around 15:27 EST.
BONDS:
Japan 1.0400% (-1.08bp), US 2’s 4.25% (+0.050%), US 10’s 4.4040% (+7bps); US 30’s 4.62% (+0.069%), Bunds 2.2615% (+7.25bp), France 3.037% (+6.3bp), Italy 3.3930% (+5.85bp), Turkey 28.34% (-11bp), Greece 3.020% (+5bp), Portugal 2.721% (+5.7bp); Spain 2.918% (+5.1bp) and UK Gilts 4.4180% (+5.33bp)
The above data was collected around 15:35 EST.

HOW THE FEDERAL GOVERNMENT WEAPONIZED THE BANK SECRECY ACT TO SPY ON AMERICANS

December 13, 2024

https://twitter.com/i/status/1865108551611396247

A Congressional investigation committee released an extremely concerning report this week entitled: “FINANCIAL SURVEILLANCE IN THE UNITED STATES: HOW THE FEDERAL GOVERNMENT WEAPONIZED THE BANK SECRECY ACT TO SPY ON AMERICANS” that details how the US government has been monitoring American citizens through bank transactions, with an emphasis on citizens who have expressed conservative viewpoints.

“Financial data can tell a person’s story, including one’s “religion, ideology, opinions, and interests” as well as one’s “political leanings, locations, and more,”’ the report begins. This investigation began after a whistleblower who happens to be a retired FBI agent alerted Congress that the Bank of America (BoA) voluntarily provided the Biden Administration information on customers who used a credit or debit card in Washington, D.C., around the January 6 protests. The new report has revealed that federal agencies have been working “hand-in-glove with financial institutions, obtaining virtually unchecked access to private financial data and testing out new methods and new technology to continue the financial surveillance of American citizens.”

Surveilence

As I’ve said countless times, “money laundering” is ALWAYS the excuse for why the government must track and monitor our financial transactions. The Bank Secrecy Act (BSA) E-Filing System is a system for financial institutions to file reports required by the BSA electronically. By law, the BSA requires businesses to keep records and file reports to help prevent and detect money laundering. This is how the Biden Administration is attempting to disregard privacy and weaponize financial institutions.

US intelligence agencies searched through records for terms like “Trump” and “MAGA” to target Americans who they believed may hold “extremist” views. The agencies searched for Americans who purchased religious texts, such as the Bible, and also labeled them extremists. Anyone expressing disdain for the COVID lockdowns, vaccines, open borders, or the deep state were placed on a watchlist. Again, the BSA was used as a premise to pull transactions placed by the individuals on this list.

Debanking

As explained by the investigative committee:

“With narrow exception, federal law does not permit law enforcement to inquire into financial institutions’ customer information without some form of legal process.9  The FBI circumvents this process by tipping off financial institutions to “suspicious” individuals and encouraging these institutions to file a SAR—which does not require any legal process—and thereby provide federal law enforcement with access to confidential and highly sensitive information.10 In doing so, the FBI gets around the requirements of the Bank Secrecy Act (BSA), which, per the Treasury Department, specifies that “it is . . . a bank’s responsibility” to “file a SAR whenever it identifies ‘a suspicious transaction relevant to a possible violation of law or regulation’”11 While at least one financial institution requested legal process from the FBI for information it was seeking,12 all too often the FBI appeared to receive no pushback. In sum, by providing financial institutions with lists of people that it views as generally “suspicious” on the front end, the FBI has turned this framework on its head and contravened the Fourth Amendment’s requirements of particularity and probable cause.”

Under this premise, anyone who held a viewpoint that opposed the Biden Administration was considered a “suspicious” individual who required monitoring. The Treasury Department’s Financial Crimes Enforcement Network created a database to carefully watch potential dissenters. Over 14,000 government employees accessed the FinCEN database last year and conducted over 3 million searches without a warrant. In fact, over 15% of FBI investigations during 2023 has some link to this database. It is estimated that 4.6 million SARs and 20.8 million Currency Transaction Reports (CTRs) were filed in the last year.

The committee noted that the government is incorporating AI to quickly search the web for “suspicious” Americans:

“As the Committee and Select Subcommittee have discussed in other reports, the growth and expansion of AI present major risks to Americans’ civil liberties.211 For example, the Committee and Select Subcommittee uncovered AI being used to censor “alleged misinformation regarding COVID-19 and the 2020 election . . . .”212 Those concerns are not hypothetical. Some AI systems developed by Big Tech companies have been programmed with biases; for example, Google’s Gemini AI program praised liberal views while refusing to do the same for conservative views, despite claiming to be “objective” and “neutral.” With financial institutions seemingly adopting AI solutions to monitor Americans’ transactions, a similarly biased AI program could result in the systematic flagging or censoring of transactions that the AI is trained to view as “suspicious.”

This is extremely troubling and goes beyond government overreach and violated numerous Constitutional protections. The government effectively transformed banking institutions into spy agencies, and anyone who could potentially hold a view that did not fit the Biden-Harris agenda has been treated as potential terrorist. It is completely insane that someone could be seen as an extremist for purchasing a religious text or purchasing a firearm. This is discriminatory, predatory behavior that puts millions of lives at risk. Think of governments in the past who have rounded up names of dissenters based on religion or ideology. They claim they are merely observing us, but the goal is to silence us.

The committee said their investigation has just begun as they will not allow the government’s abuse of financial data to go unchecked. Furthermore, they are concerned that these warrantless searches can lead to widespread debanking practices where the government can easily block any dissenter from participating in society by crippling them financially. This is yet another reason why governments want to push banks to create CBDC so that they can punish citizens with a simple click of a button.

Volkswagen Protests Heat Up

December 13, 2024

Volkswagen Group CEO Oliver Blume was booed by a crowd of 20,000 employees after stating that the company is not “operating in a fantasy world.” The company already saw 100,000 union members walkout on Monday. “As management we’re not operating in a fantasy world. We are making decisions in a rapidly changing environment,” Blume stated. But the fantasy of climate change is indeed what the company is operating under.

Blume said that Volkswagen must begin to offload vehicles to Chinese consumers. Why would Chinese consumers by a European EV when they can purchase a Chinese model for a fraction of the cost? I recently discussed how even American auto CEOs were praising the technological advances of Chinese EVs. China was once a large market for Germany’s auto exports but that has changed since the government applied countless regulations in the name of climate change.

Then Volkswagen had its emissions scandal where it falsified emissions testing to sell to US consumers. I wrote in 2015: “This event appears to highlight the turning point of 2015.75; in hindsight, we will probably look back at this turning point as the start of a serious economic decline that will strike Europe’s biggest economy. The German car industry is the largest and what is unraveling is a taint upon all German cars, which is unfair. This involved diesel only. Nonetheless, things are never always fair.”

Now the company is looking to cut pay for 120,000 workers. Operating profits have fallen by 11.4% and they simply cannot continue producing these EVs at the same pace they were producing dreaded fuel-powered cars because the demand is not there. The government is actively preventing the auto industry from flourishing. It is a fantasy to believe that the German auto industry can continue adhering to the country’s climate change objectives that believe it can reduce carbon emissions by 65% within the next 5 years.

Yet another reason why the entire European Union is facing a recession. Germany is the bread and butter of the EU – the economic powerhouse. You had 17% of all GDP in Germany derived from the auto industry in 2023, and now the nation’s top auto manufacturer is struggling to make a profit.

China was a key player for Germany. Germany sold 241,000 vehicles to China in 2023, marking a large portion of its market share at a value of €15.1 billion. Auto suppliers were able to sell some €11.2 billion to China last year. Currently, one in five cars on the road in China have been manufactured in Germany. Yet, China’s own auto industry grew 156% over a two-year period from 2021 to 2023 after exporting 4.14 million vehicles last year. China is not adhering to the climate change agenda, and those same regulations derived from fictional data are not strangling China’s energy-dependent sectors.

Chancellor Olaf Scholz called China a “systemic rival,” but he failed to acknowledge the government’s role in stifling the private sector. The German Chamber of Commerce in China conducted a study this past September that revealed half of the 566 surveyed businesses planned to invest more heavily into China. Only 2% said they would be willing to sell off their Chinese operations, and 7% said they were considering a move away from China. Instead of working on open trade, all of the Western nations have deemed China an unfriendly nation to be wary of.

The move to end climate change is fundamentally driving a stake through the very heart of the German economy and therefore the entire EU. The mercantile economic model will continue to collapse under the fantasy world of climate change. While they may not reduce their carbon footprint, the Germany economy is certainly on track to reduce its economic footprint in the years ahead.

World Bank Slush Funds for Ukraine – Another $20 Billion Wired from US

December 13, 2024

World Bank

The United States Treasury Department expedited a $20 billion aid package to Ukraine as part of the 50 billion G7 Extraordinary Revenue Acceleration (ERA) Loans initiative. The establishment wants to offload these funds as quickly as possible to deter Donald Trump from reversing course and withholding aid. The funds were sent to the questionable World Bank and derived from frozen Russian assets.

Will the funds be used for humanitarian aid? No one knows. Joe Biden would have had to call upon Congress to agree to send military aid, although he initially wanted to split the $20 BILLION down the line and devote half to economic aid and the other half to the military. Since there are absolutely no checks or balances on these funds, his administration simply marked it all as economic aid and wired it to the World Bank.

“These funds – paid for by the windfall proceeds earned from Russia’s own immobilized assets – will provide Ukraine a critical infusion of support as it defends its country against an unprovoked war of aggression,” said Secretary of the Treasury Janet L. Yellen, who personally oversaw the transfer. “The $50 billion collectively being provided by the G7 through this initiative will help ensure Ukraine has the resources it needs to sustain emergency services, hospitals, and other foundations of its brave resistance.”

Yellen followed up by stating that Putin is “engaging our coalition in a contest of wills” and hoping the West will retreat on its stance to prolong the war at all costs. She praised the “creative policymaking and the unity of the G7” for prolonging the war that would have ended years ago if not for Western interference. In fact, the war would never have begun if not for Western interference, or dare I say, the deliberate creation of this manufactured war.

Not only does Yellen expect Russia to retreat, but she demands that they pay Ukraine for damages. This could never occur. The premise of aiding Ukraine has created an endless excuse to send funds into the abyss. The World Bank will allegedly place the $20 billion in the Facilitation of Resources to Invest in Strengthening Ukraine Financial Intermediary Fund, yet another overflowing fund intended to save the world from what Yellen called a “belligerent regime.”

I reported how whistleblowers revealed that the World Bank had $41 billion in unaccounted funds initially destined to fight climate change. Now, the World Bank is funneling billions more under the premise of Ukraine – not to mention that the $20 billion was stolen from Russians and created a new form of economic warfare. All of this reeks of corruption.

The Complexity of the Middle East

December 13, 2024

ECM Islamic State Wave 10

QUESTION: Marty, I cannot thank you enough for your coverage of the Middle East. Nobody provides such valuable forecasts for our entire region as you do.  I  know you have had friends in the various royal families, and you have been observed meeting with various central banks in the region. You have not been an analyst in theory only. You have been here and walked in our lands. As we say: أحضر الناس جوابا من لم يغضب “The best answer will come from the person who is not angry.” That is you.

My question is: Your Islamic Wave concludes next year, 2025.22, on March 21, and I understand that the ECM is not in Socrates, which calculates cycles independently. Since we see March/April as a critical turning point next year on many arrays, should we be alerted to more chaos in the Middle East during this period?

Thank you so much for your independence. What they did to you proved to everyone you are both honorable and independent. They did the same to Trump, proving he was not one of them and winning.

Their time is coming, جزاء سنمار جزاء مُجيرِ أُمِّ عامِرٍ الجزاء من جنس العمل “You reap what you sow.”

MM

Syria Map

ANSWER: Thank you. Yes, their time is coming. That’s 2032, but it started here in 2024 and will escalate into 2028. I have argued for years against the NEOCONs who judge the Middle East by their own ideas. They fail to comprehend that this is tribal. Everyone in Syria does not share an identity of being Syrian. They see themselves as first being Sunnie, Shite, Druze, Christian, etc, etc. They have sought to remove Saddam, Assad, and Quadafi under the theory that they would install democracy and they would bring peace to the Middle East. They judge the entire region as if this was a thesis for a PhD in school detached from reality. From the very beginning, the Sykes-Picot Agreement sought to carve up the Ottoman Empire and artificially create nation-states that never existed. These theories are so detached from reality that they have plunged the world into constant wars and confrontations.

There is a significant confrontation in the Middle East that appears many have never considered since they have focused on Iran rather than Turkey. While NATO has constantly pushed the propaganda that Putin wanted to retake Europe to reestablish the USSR, right within NATO there has been rising discord against this centralized dictatorial dogma. Turkey has long fostered a hatred of Greece, and this feud extends back to the Turkish conquest of Byzantium/Constantinople in 1453. But it has been the Turkish President Recep Tayyip Erdogan who has fueled his dreams to conquer the Middle East to reestablish the Ottoman Empire that was broken up by the West in 1916 – not Putin.

Checkpoint Charlie

The Russian people have no desire to return to communism. Once they tasted freedom, nobody in Russia, China, or Eastern Europe wanted to surrender that freedom again. I personally went behind the Berlin Wall to see for myself what it was really like. I was horrified. Our cancel culture today was following the very same path I witnessed there where freedom of speech was dangerous.

I think it is important that we understand that, just as in Christianity, that is only a religion – not an ethnic group. The same is true in Islam. The Turks are not of the same ethnic cloth as those in Arabia in general. According to historians and linguists, the Proto-Turkic language originated in Central-East Asia. The origin has potentially been placed in the Altai-Sayan region, Mongolia, or Tuva. The Proto-Turkic speakers were potentially primarily hunter-gatherers but also included farmers. They would evolve into nomadic pastoralists due to the climate changes.

A 2003 study found that some Xiongnu remains from Mongolia had paternal and maternal genetic lineages that have also been found in people from modern-day Turkey. There is no question that medieval Turkic groups exhibited a wide range of both East Asian and West-Eurasian physical appearances and genetic origins. In Central Asia, the earliest surviving Turkic language texts have been discovered from the 8th century. Although initiated by the Arabs, the conversion of the Turks to Islam was filtered through Persian and Central Asian culture. Under the Umayyads, most Turks were domestic servants, but then, under the Abbasid Caliphate, they were trained as soldiers. That was the downfall of the Abbasid Caliphate, for by the 9th century, Turkish commanders were leading the caliphs’ Turkish troops into battle and rose in stature both militarily and in political power. They began to rise,e establishing provincial dynasties of their own supported by Turkish troops.

Seljuq Tughril Beg 1038 63 AV Dinar 3.42g

Tughril I (1037-1063) was the Turkoman chieftain who founded the Seljuk Empire during the 11th century. They are known as the Seljuk Turks, who were influenced by Persian civilization. Thanks to their military training, they were able to overthrow their masters, taking the eastern province of the Abbasid Empire. By 1055, the Seljuks captured Baghdad and began to make their first incursions into Anatolia, modern-day Turkey. When they won the Battle of Manzikert against the Byzantine Empire in 1071, it opened the doorway to Anatolia and the eventual conquest of Constantinople. They were able to breach the once impenetrable walls with cannons from Asia.

1092 Byzantine Monetary Reform

Although ethnically Turkish, the Seljuk Turks appreciated and became carriers of Persian culture rather than Turkish culture; they were not of the same gene pool. Nonetheless, the Turkish language and Islam were introduced and gradually spread over the region. With time, the transition from a predominantly Christian and Greek-speaking Anatolia to a predominantly Muslim and Turkish-speaking one was underway, thanks to the monetary crisis of 1092 and the fiscal mismanagement of the Byzantine Empire. All empires ultimately collapse from their own internal corruption as we witness today in Europe, Canada, and the United States.

Constans II AV Solidus

Byzantine Islamic 7th Century AD

In the 7th century, the Byzantines began putting the image of Christ on the coinage rather than the emperor. That forced the Arabs to establish their own currency giving birth to Islamic coinage. Previously, they merely used the Byzantine coinage, which had become the world’s dominant monetary system. We do not see gold coinage struck in Europe after the fall of Rome in 476AD until the 13th century because the gold coinage of Byzantium was the internationally accepted coinage.

Israel did strike hundreds of targets in Syria, about 80% of the military capacity, to eliminate chemical weapons and arms that could then be deployed against Israel; they also sent troops deeper into the country to retake the buffer zone that had been there for 50 years. While many are merely pointing at Israel, the rebel groups that toppled Bashar Al-Assad’s regime were funded by Turkey. Amid all the chaos, one man stands to gain more than anyone else who has become a key powerbroker – Turkish President Recep Tayyip Erdogan.

Napoleon Egypt

To complicate matters, we have some Christians and Jews trying to bring about the end times.  Over the years, the dominant world powers have fiercely competed over these lands. My father was with General Patton, who began fighting against the German invasion in the Middle East.

The computer has highlighted the shift in trend coming early in 2025. I will do a special report on this crisis in January.

Middle_East_2025

 

Market Talk – December 12, 2024

December 12, 2024

Market Talk 2017

ASIA:
The major Asian stock markets had a mixed day today:
• NIKKEI 225 increased 476.91 points or 1.21% to 39,849.14
• Shanghai increased 29.01 points or 0.85% to 3,461.50
• Hang Seng increased 242.00 points or 1.20% to 20,397.05
• ASX 200 decreased 23.30 points or -0.28% to 8,330.30
• SENSEX decreased 262.30 points or -0.32% to 81,263.84
• Nifty50 decreased 93.10 points or -0.38% to 24,548.70
The major Asian currency markets had a mixed day today:
• AUDUSD increased 0.0014 or 0.22% to 0.63830
• NZDUSD increased 0.00024 or 0.04% to 0.57859
• USDJPY decreased 0.195 or -0.13% to 152.248
• USDCNY decreased 0.00583 or -0.08% to 7.27317
The above data was collected around 12:25 EST.
Precious Metals:
•  Gold decreased 37.23 USD/t oz. or -1.37% to 2,682.80
•  Silver decreased 0.825 USD/t. oz. or -2.58% to 31.091
The above data was collected around 12:27 EST.
EUROPE/EMEA:
The major Europe stock markets had a mixed day today:
•  CAC 40 decreased 2.46 points or -0.03% to 7,420.94
•  FTSE 100 increased 10.14 points or 0.12% to 8,311.76
•  DAX 30 increased 27.11 points or 0.13% to 20,426.27
The major Europe currency markets had a mixed day today:
• EURUSD increased 0.00075 or 0.07% to 1.05030
• GBPUSD decreased 0.00455 or -0.36% to 1.27055
• USDCHF increased 0.00406 or 0.46% to 0.88876
The above data was collected around 12:32 EST.

 

US/AMERICAS:

US Market Closings:

  • Dow declined 234.44 points or -0.53% to 43,914.12
  • S&P 500 declined 32.94 points or -0.54% to 6,051.25
  • Nasdaq declined 132.05 points or -0.66% to 19,902.84
  • Russell 2000 declined 33.08 points or -1.38% to 2,361.08

 

Canada Market Closings:

  • TSX Composite declined 246.99 points or -0.96% to 25,410.71
  • TSX 60 declined 14.7 points or -0.95% to 1,524.85

 

Brazil Market Closing:

  • Bovespa declined 1,702.86 points or -1.33% to 126,132.82
ENERGY:
The oil markets had a mixed day today:
•  Crude Oil decreased 0.007 USD/BBL or -0.01% to 70.283
•  Brent increased 0.071 USD/BBL or 0.10% to 73.591
•  Natural gas increased 0.1248 USD/MMBtu or 3.69% to 3.5028
•  Gasoline decreased 0.0057 USD/GAL or -0.29% to 1.9850
•  Heating oil increased 0.0082 USD/GAL or 0.37% to 2.2384
The above data was collected around 12:34 EST.
•  Top commodity gainers: Natural Gas (3.69%), Cocoa (2.88%), Nickel (2.24%) and Palm Oil (1.34%)
•  Top commodity losers: Silver (-2.58%), Wheat (-2.48%), Palladium (-2.39%) and Butter (-3.50%)
The above data was collected around 12:39 EST.
BONDS:
Japan 1.0510% (-2.1bp), US 2’s 4.18% (+0.019%), US 10’s 4.3100% (+3.5bps); US 30’s 4.53% (+0.046%), Bunds 2.2025% (+7.2bp), France 2.981% (+9.05bp), Italy 3.3450% (+15.15bp), Turkey 28.40% (-5bp), Greece 2.978% (+10.8bp), Portugal 2.641% (+10bp); Spain 2.867% (+10.5bp) and UK Gilts 4.3650% (+4.39bp)
The above data was collected around 12:50 EST.
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