China has suspended FOREX business at three main foreign banks for the first quarter of 2016 in an effort to curb the outflow of capital into the rising dollar. This is an interesting attempt to curb the rise in the dollar and it is clearly showing the overall trend in motion. It is interesting that China […]

The Dow Jones Industrials still remains in a bullish posture on a broader perspective. The real critical support will lie at 16500 and the Panic Support is well below the market at 13100. Panic Support is the level, if breached intraday, where a Panic Crash unfolds. That is the real important level for 2016, but […]

QUESTION: Mr. Armstrong, at the conference you said the US share market would continue to move sideways and there will be no breakout to the upside until 2016. After Fridays action I assume this is still on target. Where is support this time? Curious ANSWER: The key support lies down at 16887. We need a weekly closing […]

QUESTION: Mr. Armstrong, you have said that gold adjusted for inflation has not exceeded the 1980 high. Have we exceeded the 1929 high in the stock market? Just curious KW Dow Jones Industrial in LOG Scale ANSWER: The 1929 high on the Dow Jones Industrials was 386. That adjusted for inflation in 2015 dollars would […]

France is using the terror attack as the excuse now to shut down pre-paid debt cards. Terrorists can circumvent any restriction. It is like gun control. Criminal do not buy guns at a store. Like drugs, they are readily available on the streets. Regulations only impact honest people just like debt cads or whatever. I […]

There is something not quite right about this entire incident of Turkey shooting down the Russian fighter jet and then attacking the rescue helicopter. Sorry, but Turkey is way out of line when they KNEW that Russia had no intention of attacking Turkey. A argument that Turkey will defend its borders implies there is a […]

European Union countries are of course using terrorism as the excuse to now crackdown on any virtual currency claiming that anonymous payments made online and via pre-paid cards “can” be used by terrorists without any proof they even know how to use such currencies. The EU is using terrorism to crackdown on taxes without admitting […]

Our sources in Paris have said that the city is under siege with about 150 people dead. Hollande closed the borders and there have been secret meetings taking place in Europe as the reality of the refugee crisis is starting to hit home. Discussions warn that Europe has been infiltrated and the reaction is to […]

The Dow is pulling back on schedule. We do not see a breakout to the upside. This should tread water for a bit, waiting for everything to align. A closing today below 17785 will signal that this is not ready to breakout and a retest of support is likely. Key support lies down at 16500.