It was not just the large/last option expiry, but also the Friday before Christmas (the biggest party night of the year) when the Bank of Japan supplied an early headache to the markets as they announced additional QE — despite leaving rates unchanged. We heard of two major announcements this morning, one being an extension […]

The Investor level of Socrates is now available! For the low price of $10, users may sign up for a 30-day trial to familiarize themselves with the site. After that time, users will have the option to sign up for an annual subscription in the region(s) of their choice for $150 per region. The three […]

Asia roared-on after all the fun and games in the U.S. with the Nikkei and Shanghai indices closing up close to 2%. Mid-price in yuan was fixed even lower (by the PBoC) at 6.4757; the yuan is allowed to trade within 2% of official fixing rate (previous 6.4626). Also worth mentioning here is the HKMA […]

An impressive performance overnight in Asia as we saw the Nikkei back above the 19k level with the 20k psychological target as the next barrier. Europe wanted to soldier on upwards but doing so ahead of the Fed’s announcement is a hesitant trading period. Most dealers were on hold, awaiting this evening’s announcement, and although […]

QUESTION: Marty, it has become obvious that the analysts who try to attack you personally are the very people who hurt so many for they forecast only on opinion. They are often wrong and never see the big picture. One even claimed to have read all your transcripts and said you committed fraud yet could not […]

QUESTION:  Marty, I just watched ‘The Forecaster’ on demand, I just wanted to say it was an exceptional movie. I really enjoyed seeing your story played out, and following your journey to the discovery of pi in economic cycles. As an avid trader myself, although not nearly as successful as you [yet, hopefully!], I’m always […]

A mixed session in Asia in what was very much an overhang from Friday’s session but also very weary of the Fed in two days time. It is interesting that European equities continue to trade heavy (DAX, CAC, FTSE -1.75%) into the Fed, despite Mario Draghi’s comment earlier this morning. There are rising concerns about […]

As of January 1, 2016, Switzerland is handing over the names of everyone who has anything stored in its Swiss freeport customs warehouses. For decades, people have stored precious metals and art in Swiss custom ports — tax-free — as long as they did not take it into Switzerland. Now any hope on trusting Switzerland is totally […]

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 […]

QUESTION: Why do you do not see that money must be backed by something tangible? ANSWER: That is an antiquated barter perspective; you are blind to reality. Your proposition is that only gold has value and you yourself are worthless. This idea of fiat money is just out of line with reality. The traditional definition […]