The Canadian elections are on par with the world trend – whoever is in office, throw the bums out. The election took place on Monday, October 19, the anniversary of the 1987 stock market crash. The Liberals in Canada toppled the Conservatives as many Canadians saw their Head of State, Mr. Harper, as a dictatorial heavy-handed […]

Mitsui & Co Precious Metals Inc is closing down its NY and London operations as losses mount. In New York, their operation was rather small with about 30 people, and their annual revenues were a little over $3 million. The company was formed only in 2005 and has not handled the bear market since 2011 […]

QUESTION: Mr. Armstrong; Thank you for coming to Paris. You said the civil unrest would rise in France going into 2018 and there was a risk of another French Revolution in 2020. You mentioned that when surrounded by many people on the Champs–Élysées. Since then  I have paid attention and there is a rising discussion […]

QUESTION: Martin, Why do citizens of a country continually allow their government to destroy the nation without putting up a “real” fight? You have given many examples and no one ever seems to fight until things get really, really bad and it’s too late. Regards, MLO ANSWER: This is the sad state of affairs. People […]

Putin has revealed that he is far more intelligent than the Western media likes to portray him. Putin has pointed out that during the last two World Wars, Russia was one of the allies of the United States. Yes, Russia turned communist and was reluctantly one of the allies during World War II, but that […]

Nicolas Sarkozy is recognized by the French parties on both the right and the left as a very skilled politician. Sarkozy was the president of France from May 2007 until May 2012 when he was by the socialist Hollande. Well, Sarkozy is back. Friends of his are shuffling the press, putting their own people in, and replacing managers […]

Globally, it has not been a pretty day for equities. Asia and U.S. indices are down with the worst being the Nikkei (off 2%) and that carried into the U.S. session losing another 1%. It appears the world has finally awoken to the fact that the economy is on life support with little to no sign of a recovery anytime soon. Today’s sell-off […]

QUESTION: Will higher interest rates hurt gold if they reflect demand for money and inflation? ANSWER: Analysts have said that higher interest rates would hurt gold because gold does not pay interest, making it a less attractive investment. This just does not stack up. Rates rose into 1981 and gold rose into 1980. The exponential […]

The latest economic news from China shows that, in dollar terms, imports collapsed 20.4% in September from a year earlier to $145.2bn. This is one of the sharpest declines ever, and it is far beyond what was expected. This has had a further impact upon the raw commodity sector and metals. This latest drop in Chinese imports was down […]

  COMMENT #1: I have watched the plagiarism going on around your work where people are clearly stealing everything from you and then claiming to have the same track record and then trying to cover it up claiming they use Dewey and Kondratiff yet attempt to come up with a specific date as your model […]