Mixing Religion and politics has been a major problem throughout history. It has never worked when one religion attempts to force upon others their particular belief. The Freedom of Religion, a cornerstone of the American Constitution, was the product of reason and understanding history. Religion has been responsible for more bloodshed throughout history than anything […]
Of course, the gold promoters are declaring this is a new bull market. Should we expect anything else? They do not address why silver is not responding and the ratio continues to rise. But what the heck. No sense in looking at anything else that might contradict the dream. Gold has to close above the […]
In Asian equity trading today, only the Hang Seng that disappointed investors after closing negative -0.3% whilst the others recorded gains. Shanghai posted a small gain of 0.3% as the PBOC set the Yuan mid-rate at 6.5412. Earlier we saw the (Caixin) PMI was marginally weaker than previous at 51.2 versus a previous 52.4. Meanwhile, […]
QUESTION: Hello Martin, Can you verify the following statement: “No bear has ever resumed following a 20% rally.” As today marks a 21% move of the lows your expertise would be appreciated. Thanks! BGG ANSWER: No. Sorry. That is total nonsense. The rally from 1982 into 1983 moved from $297 to $520 — and guess what— new lows unfolded. Look at this from the […]
Asian cash markets followed their positive futures run from US trading session was met with strong openings across the board. The PBOC set the Yuan exchange rate at 6.5490 and even a ratings down-grade of China could not stop a 4.2% higher close. The Nikkei was also up over 4% but we did see weakness from […]
The commodity industry is bracing for a high year of bankruptcy and default filings that will impact mining and metals along with oil and gas. Moody’s has also warned of global speculative-grade corporate defaults that will increase by more than 30% in 2016, reaching the highest level since 2009. Those interested in mining shares should […]
On the Republican side, the ENTIRE establishment is against Trump. They do not want him in, regardless of the people’s vote. So while they pretend this is a Democracy, it is all about maintaining the status quo in Washington. The voters in all but Texas and Vermont in exit polls said they were mostly looking […]
There were some big smiles across the faces of many equity traders today as we have seen some of the strongest markets gains in a while. The Nikkei closed +0.4% but could not match the performance of the Shanghai or Hang Seng Indices when they closed up at almost 2% on the day. We saw […]
QUESTION: Dear Mr. Armstrong, Your article on the trend set in motion with reference to Trump was fantastic. The world and how it ticks is truly fascinating, your work in investigating how it does so is worthy of any prize and will surely go down in history as the greatest investigation into humanity of all […]