QUESTION: Mr. Armstrong; I have followed you for many years. I have to say, I am truly amazed at what your computer projects. You have never missed a move yet. Here we have the rally in gold into September, yet the August high stands in the market, and even Korea went nuts on your target […]

Am eager to get onto the US’s reaction to weekend events, so will just briefly say that China markets performed on the back of strong PMI data – the highest in three months (52.7 against a previous 51.5). RBA left rates unchanged. The remainder of the trading day focused on US markets reaction to the […]

Stock markets were spooked by North Korea’s sixth nuclear test over the weekend which had the usual effect of rallying safe-haven such as gold and treasuries. The US dollar also found a bid with the Japanese yen benefiting as money scattered from the risk. The Nikkei ended the day around 1% lower with exporters being […]

There is something much more sinister going on behind the curtain. I have warned that you really are taking your life in your hands doing business in New York City with a bank because NOBODY ever wins against the bankers no matter what they do. This begs the question about why are banks paying huge […]

Think we should just probably forget the Asian session as all were waiting for the US numbers and hoping for some direction as a result. mixed cash session but we are seeing some positive moves in futures following the US numbers. Europe sees the core perform (CAC and DAX both around 1% better) while the […]

How is it possible that we can have legalized class warfare and politicians run on extorting the rich at gun point with threat of imprisonment if they do not pay their “fair share” which is somehow a higher percentage than everyone else and this miraculously does not violate Equal Protection and Justice for All? The […]

A solid day for the Nikkei today closing up +0.7% but have watched yen trade comfortably with a 110 handle all day. Talk in Japan is very much concentrated on Theresa Mays three day visit and the possible speculation surrounding Japan/UK trade deal. There was a sense that todays session seemed a rebalancing after the […]

QUESTION: Mr. Armstrong; I find it fascinating that your computer projected August as the turning point this year and the week of 09/04. I suppose that could be a set up for the August being a high close and a crash begins in September as it seems always to unfold be it 1929, 1987, 0r […]

Back to geopolitical risks again today after North Korea spooked markets with yet more missile test, but this time flying over Japan. All Asia markets were hit as a result of this, with a rush into safe-haven assets such as gold, oil and treasuries. Interesting that oil traded heavy even as the news hit the […]

When a major market contributor is away the markets are always quiet but today with the UK off, there really was very little action anywhere. China continued its constructive roll with the main Shanghai adding an additional 1%; with the Hang Seng little changed. Australia suffered a touch (-0.6%) with the decline of financials. SENSEX […]