Japan opened weak following the poor close in the Dow yesterday especially having seen triple digit gains at one stage. Given that Hang Seng and Shanghai were both under pressure all day it was not a surprise all markets closed negative. All European indices opened lower and it was only the DAX (aided by the […]

QUESTION: Mr. Armstrong, you said the decline in commodity prices will not reduce production but can actually accelerate output. How can this be? It does not make sense. ANSWER: Your perspective is too narrowly focused and solely dollar based. Because the commodities are declining in dollar terms with the dollar rising, in local currencies outside […]

Asia saw a mixed session with prices marginally lower, but not too much to write home about. It was not until Europe opened that we started to see a pick-up in volatility that provided dealers with something to talk about. The oil and energies market provided the discussion point with TWI, Brent, and Nat-Gas all […]

We have been receiving reports from people on the ground in Turkey that NATO ships are now docked there and appear to be enforcing perhaps a blockade or a show of support for Turkey. On the other hand, there are reports that Russian ships are being held there in port while other reports are denying that […]

Asia caught the end of the US session this morning as all three core markets responded with falling prices. The Nikkei performed worse of all losing 2.4%, while the Shanghai and Hang Seng returned -1.3% and -0.9% respectively. European markets attempted to bounce after yesterdays declines but a non-farms payrolls number spurred the US but at […]

To understand what is really behind the curtain regarding the Middle East, ISIS, Turkey, and the USA’s strategic attempt to reduce Russia’s control over energy to Europe, we must start back in 2009 when Qatar proposed a pipeline plan to Assad to send its natural gas to Europe via Saudi Arabia, Syria, and Jordan. Assad […]

What is becoming clear is that Turkey has most likely NOT acted alone against Russia. They have more likely than not fired the first shot in what may become World War III. Turkey has been buying the oil from ISIS and thus funding them. Yet at the same time, they are part of NATO and […]

Rumors between dealers that Chinese authorities could be about to introduce new incentives to boost property prices saw the Shanghai Index rally 2.3% in today’s trading. The Hang Seng closed marginally firmer also (+0.5%) but only a smidgeon in comparison. The Nikkei did not benefit from a weekly close above the 20k level and so […]

The spotlight was firmly on China today where the equity tumbled over 6%. News that market regulators are investigating suspected violation by some of the countries brokerages finance their clients stock purchases. Citic fell to its daily limit (-10%) before closing. Other non-financials also fell with notable Cathy Pacific, Petro-China and Sinopec were all down […]

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 […]