QUESTION: Dear Mr. Armstrong, I have a question for your Blog . Do we need a falling dollar, like today, to see Gold rise? Thank you SH Germany ANSWER: No. When the majority begin to see that the government is really in trouble, gold will rise with stocks as they did going into 1980 as well as […]

Japan took a turn for the worst today led predominantly by Exporters (Toyota, Nissan, Honda) all down around 5.5% but even they were led by the Nobel House (Nomura). Nomura reported a 49% drop in Q3 profits and then saw its shares plunge 10.2% in todays trading. The Nikkei closed down -3.15% on the day […]

The BOJ certainly woke everyone up this morning having concluded their meeting with the expectation of negative interest rates. Within seconds the Nikkei leaped 700 points only then trade back then spent the final 90mins climbing to close the session +2.8%. Adversely, the Yen was hit reaching 121.50 in Tokyo trading a loss of a […]

Google’s artificial intelligence computer has beaten the European champion of the board game Go. Not just once, but 5 to 0. This game is far more difficult than Chess as it requires more than merely creating lists of patterns to beat. It requires strategy. Our computer has accomplished the same but in forecasting. Our list of […]

We saw a mixed session in Asia with good performances by the Nikkei (+2.7%) and the Hang Seng (+1%) but had Shanghai spoil the party with a -0.5% decline. That performance was actually rather good as we had seen the Shanghai Index down over -4% intraday. In Europe all Indices opened lower but spent the […]

As they say: “What a difference a day makes”. Dealers were telling us yesterday that they left the sentiment had changed for whatever reason they were calling this one, the Mario Move. Continuing its overnight run into Asian trading eventually easing above the $30 mark it gave the Equity dealers the comfort to take stocks […]

Alexis Tsipras has to implement pension reform in order to get more loans from Brussels. He is betraying everything the Greek people voted for and is pushing Greece over the edge. Brussels is demanding that the Greeks pay for the shenanigans of Goldman Sachs whom helped Greek politicians cook the books. Protests against the pension […]

All core Asian Indices suffered as concerns surrounding the oil price continued to drive market sentiment. Late rumours that Saudi’s Aramco were in talks with Hong Kong’s Sinopec of a possible refinery investment within China. This news certainly helped their share (Sinopec +1.8%) but was too late to aid the broader markets or the price of […]

Overnight the Chinese data that the whole market was waiting for actually missed on the estimate (forecast was 6.9 but actual came in at 6.8) but all was forgiven after the PBOC injected more liquidity combined with rumours of additional supporting measures! The Shanghai Index loved the move and returned a 3% daily push. In […]

Portugal is starting to bail-in banks. The fascinating aspect that nobody seems to see is that this is a total failure of socialism. The U.S. Federal Reserve was formed in 1913, with the shareholders being the banks, to provide the cash needed to prevent bank failures. To stimulate the economy when the banks could not […]