Only two of the core Asian indices opened better this morning and even they backed into negative territory. The Nikkei and the SENSEX were the two, but both were back in the red within the hour. Nerves, poor data, sentiment, lack of investment and the US volatility are all reasons being provided for the negativity […]

QUESTION: Mr. Armstrong; When you were here last giving lectures in Poland, you said that we should leave the EU, retain our currency, and focus on our ties to the United States and Asia. You said if we did that, Poland would be one of the most imp[ortant economies in Europe. Have you updated that […]

A mixed session in Asia with most players watching the oil price decline which tended to unnerve many markets. The Shanghai index climbed from early negative prices to manage a 1%+ close for the day. The talk remains centered on trade and the negotiations both are expected to have at the G20 later this month. […]

Italy is arguing that it will retain its budget and refers to how both France and Germany exceeded their budgets and the Commission disregard the Maastricht treaty rules in the case of both countries. In the budget dispute, the Italian government was not deterred by the threat of penalties from the European Commission. Finance Minister […]

Even as Chinas trade expanded, it really has done nothing for stock market confidence or sentiment, especially after the poor auto sales numbers. We saw more selling pressure today as the Shanghai core index closed 1.4% lower, with the Hang Seng under even more pressure resulting in a 2.4% decline. Money is still leaving the […]

Much of the Asian trading day was over when results began to appear from the US midterm elections and so markets lacked momentum. Early gains were reverted in what we now know were misinterpreted Asian market responses. The USD was sold throughout much of the day, but interesting that the Japanese Yen retained a 113 […]

  QUESTION: Mr. Armstrong; I really encountered an insane goldbug who claimed you were paid off by the gold cartel to keep the price down. These people cannot open their eyes and see anything but gold or bitcoin. Then they argue the age of knowledge and bitcoin will become the new reserve currency. You really […]

Asia closed mixed but did see some corrections from Monday’s almost extreme moves. In Japan the Nikkei opened around 1% better and gradually managed to build upon those gains. Although closing up 1.15% led by pharmaceuticals, industrials and commodity companies we should still see things from the point of view in that, they many are […]

  As we go into the elections tomorrow, this campaign has revealed the great political divide that once it has been exploited, there is no putting it back. A Democratic win in the House guarantees that this political divide will only get wider and deeper. They cannot actually pass anything without both the White House […]

If we had all gone home just after the US employment numbers, we would have all had a wonderful weekend and no-one would be any the wiser! However, as we know with markets, nothing is ever as it seems. Lets just skip to the finally half of the day just after the numbers from the […]