If not for the Autumn Statement by the Chancellor George Osborne in the British Parliament today, I think dealers would have called an early night ahead of the long weekend in the U.S. Asian equities were really nothing to write home about, closing mixed Nikkei and HS lower with Shanghai firmer. In Europe, the DAX and CAC were the […]

We will be sending out over the next two days ahead of the Berlin Conference the Special Year-end Report covering Currencies, Metals, Energy, Wheat, and major Share Markets with the Year-end Reversals to watch as we head into 2016. (Note: This is ONLY available for those attending the World Economic Conference) Currencies included: A$, C$. […]

With the Nikkei closed for a national holiday it was left to the Shanghai and Hang Seng to set the tone for the European markets following the weekend security fears in Belgium. Consequently, the Euro opened weak, as confidence continues to drift forcing money towards the US Dollar. Following this sentiment all European indices drifted […]

QUESTION: Dear Martin: I hope you are well and congratulations for your amazing and educational daily blog. 1. Why you never accepted the business proposals of “The Club”?. 2. Why you said that be a hedge fund manager, would alter your quality of life?. 3. It is so stressful be a successful hedge fund manager, […]

The IMF and many economists (domestic and foreign) are now warning that a rate hike by the U.S. Federal Reserve, no matter when, will spark a major economic crisis in the emerging markets. They see this crisis being ripe for countries with high budget deficits, such as Turkey, as well as commodity-based economies. This includes […]

Asia saw a good performance today for stocks on the back of the FED’s supportive stance and the chance of a “one and done” approach, an unchanged policy decision by the Bank of Japan but also China cut in its overnight lending facility. In Europe this positive stance continued early in the session but retraced […]

COMMENT: Marty, the goldbugs are like jihadists, they are now proclaiming China will buy all gold and make it $50,000 to $100,000 an ounce. When wrong, just raise the targets to even more insane levels. They really hate your guts and the closer gold comes to making new lows the personal attacks on you escalate. […]

Between 1989 and 2010, U.S. attorneys seized an estimated $12.6 billion in asset forfeiture cases. The growth rate during that time averaged +19.4% annually. In 2010 alone, the value of assets seized grew by +52.8% from 2009 and was six times greater than the total for 1989. Then by 2014, that number had ballooned to roughly $4.5 […]

All markets opened on a nervous note following Fridays atrocities. In Asia, we saw the Nikkei and Hand Seng both down by more than 1%. This was accompanied by a flight to safety into bonds, gold, and the U.S. dollar. As European markets opened, the mood was still negative, and all indices opened weakly. CAC […]

Although gold made a knee-jerk reaction rally to 1097, at the time of this writing it has fallen back to 1087. We elected one Weekly Bearish at 1084; from the last high, we generated a few more in the 1079 to 1071 area, followed by 1040 and 1026. It is between 1026 and a small […]