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The Dow

The failure of the Dow to close above 17007 confirms that we are not yet ready to take off to the upside. We needed a closing ABOVE 17007 to firm up the market to...

The DOW for the Close of August

The DOW recovered for the close of August, holding key support and last year’s low. Make no mistake about it, we now need to hold last week’s low in...

DAX for the Close of August 2015

On the monthly level, the DAX has not yet given a long-term sell signal. August indeed produced the Panic Cycle the computer highlighted for August, and we still...

Market Talk — September 1, 2015

You can always expect a quiet session when one of the major centers are out for a bank holiday, and that was what we saw yesterday. Not that dealers needed much of...

Medicare Costs May Jump 52% in 2016

Before, I never had to pay when I picked up medicine for my mother. Ever since Obamacare, I have to pay a fair amount. Now, almost one-third of the roughly 50...

CalPERS – Buying the High in Bonds? Oh Boy.

CalPERS, California Pension Plan for government workers, is adopting policies that demonstrate that they are incapable of managing money. They cannot handle the...

Velocity of Money & the Boom and Bust Cycle

QUESTION: Mr. Armstrong; Is the velocity of money an indicator of booms and bust? Didn’t the QE program by the Fed increase the money supply? Then why do we...

Illinois Can’t Pay Lottery Winners – OOPS!

The State of Illinois is dead broke. They cannot pay the pension of state employees. The lottery purchases obviously are used by the state for whatever they desire....

The Close of August

So far, the markets are generally positioning themselves for a turn at the end of September. The Dow has traded sideways since Thursday, trying to cling to the...

Gold Coins vs. Bullion

QUESTION: Mr. Armstrong; Because of the civil asset forfeiture laws I think I understand why you say own only gold coins before 1947 not bullion they can call cash....