Consolidation was the name of the game in the morning session for Japan, which dealers were happy to see especially after yesterdays prestigious run. Hang Seng had a rather subdued day with very little change for them today. In Shanghai, once the market saw the unchanged CPI and the better than expected PPI, bulls […]

QUESTION: Mr. Armstrong, it appears to me that we are moving to the extreme in political correctness to the point it is creating children who can no longer rep the very benefits of civilization. Have you seen this latest insanity in Australia where children cannot even clap their hands? PD ANSWER: Yes, I agree. Placing […]

COMMENT: Dear Martin, you always claim that the costs for social security will become unpayable from 2017 onwards. In Germany we have health care system organized by the federal government / the federal state. The government now created a “turbo” to bankrupt this system: The government passed a law that allows them to take 1.5 billion […]

The Asian cash markets just could not wait to open this morning after the huge Payrolls number on Friday. Admittedly, it took a little time and a better than expected Trade Surplus number (52.31 v’s and estimated 47.6) for the Shanghai market to join the excitement, but they eventually did to close +0.9% firmer. The […]

QUESTION: You’ve just mentioned there remains a chance for gold to perform a slingshot move downward and then up in January. Does it still appear the Dow will slingshot (make a new low) also even though it has recently broken to new highs? S ANSWER: We achieved the slingshot in the S&P and the NASDAQ, and I have previously […]

With the exception of the Hang Seng (+1.4%) it was a relatively quiet day in Asia having digested the BOE move and anticipation of US NFP’s data and ahead of the weekend. Late in US trading futures have responded to the global stock rally (as a result of the US numbers) and are currently trading […]

The refugee crisis in Europe is just exploding from killing priests during a mass to raping girls in swimming pools. In Paris, a bus was stopped by a makeshift barricade and then set on fire by a group of young men shouting, “Allahu Akbar!” The young men constructed a barricade in the middle of the road using […]

A bounce late in the US saw overnight gains for the Nikkei (1%+) with the Hang Seng and Shanghai. All pretty much well behaved for thin summer trading and it was we were looking forward to both the Bank of England and tomorrow Non-Farms report. Many dealers pointed to the turnaround for the price of oil but […]

Obama is reviewing the ban on military weapons for police forces after multiple instances of deliberate attacks on police officers. Instead of prosecuting the bad police officers, they are preparing to dig their heels in and arm the police to escalate the confrontation between the people and the police. This, unfortunately, is also how Rome ended. […]

  Japan remains unloved opening down 1% and then drifting even lower as exporters led the way. The JPY has seen the safety bid for the majority of the week whilst the Nikkei has lost around 4% so far. Finally we saw a little support return for JGB’s since the news but then they have seen yields rising (or I […]