It was the strength of the Yen that took top discussion point today in Asia, or alternatively, the US Dollars weakness. Having shown early gains, the Nikkei tended to drift and was probably influenced by a much weaker China market. The Shanghai index finished near 1% lower as concerns start to grow following the sell-off […]

COMMENT: I read your post on Trump, Jr. and it does appear obvious that there is no investigation into the whole Maginsky Act and why are Trump Jr.’s lawyers not exposing this more? It seems that corruption only really exists when it always involves government. KA ANSWER: Corruption is a huge problem in all governments […]

The USA is once again abusing international law. It is a rare event when I find that I actually have to agree with the head of Turkey about anything, but Recep Tayyip Erdogan is absolutely correct. The prosecution of the Turkish Gold Trader Reza Zarrab violates every principle of the rule of law. Mr. Zarrab’s lawyers had asked […]

COMMENT: Mr. Armstrong; It is becoming obvious which banks are following your model and putting a spin on it fundamentally and they seem to be outside the USA. Swiss banks are calling for a rally and Goldman Sachs calls for a decline. This is very curious indeed given that your enemy has been Goldman Sachs. […]

  The Turning Point on the ECM is this weekend. We do happen to have a Directional Change next week in the Dow with the next turning point due the week of 12/04 and that is followed by the week of 12/18. What is most curious, is the fact that the Dow, Euro, Gold, and […]

QUESTION: Mr. Armstrong; I want to thank you so much for shedding light on what can only be deranged forecasts on the dollar and gold and never change regardless of how much money they lose people year after year. I received this email with the headline How Much Longer Can the Petrodollar Survive? They claim that […]

The Bank of Italy, when it was headed at the time by Mario Draghi, knew Banca Monte dei Paschi di Siena SpA hid the loss of almost half a billion dollars using derivatives two years before prosecutors were alerted to the complex transactions, according to documents revealed in a Milan court. Mario Draghi, now president of […]

Asian cash responded to the US news of possible Tax Plan delays and we saw profit-taking and nerves for the first time in a while. Interesting that this has occurred on our November temporary pause expected. The Nikkei has returned -0.8% which has added to yesterdays decline but is falling from the 26 year high. […]

Iran has a very rich history that lends itself to tremendous insight into the long-term future of the Middle East. It was Cyrus the Great who conquered Lydia which was the birthplace of money issued by the state. The Persians adopted the practice and then continued to produce coins with the same design as the […]

COMMENT: Mr. Armstrong; This was my first WEC. Your presentation on the Quantity Theory of Money and how that is at the core of all our problems was a real revelation. You blew every economic theory out of the water and my years at uni studying economics has been a great disservice my entire life. […]