QUESTION: Mr. Armstrong; What happens to paper money when the government moves electronic? Is it just cancelled? Does cash then become worthless? Thanks RD ANSWER: It appears that electronic currency will first arrive in Europe. The cash will be demonetized, so yes, it will become worthless. However, they will most likely give you a time […]

In the year 107AD, the Emperor Trajan attempted to revitalize the money suppy ordering that all the old coinage be “melted down all the worn-out coinage” according to the historian Casssius Dio. In essence, the treasury was greatly depleted due to his prolonged campaign to conquer Dacia, modern day Yugoslavia region. Trajan actually demonitzed all […]

Typically, the first thing society addresses that sparks a revolution is the abuse of justice. Shakespeare’s famous quote, “The first thing we do, let’s kill all the lawyers,” is not actually about lawyers. You have to understand the context. Private individuals were not allowed to have lawyers in those days – only the king could have lawyers. It was not until […]

We are adding a group of new models before the final launch of the Trader version. We added the risk model this weekend. You will also find that the reports have been redesigned in different levels. Below is a sample of the risk model for the Dow Jones. This can be used by option traders […]

The BOJ certainly woke everyone up this morning having concluded their meeting with the expectation of negative interest rates. Within seconds the Nikkei leaped 700 points only then trade back then spent the final 90mins climbing to close the session +2.8%. Adversely, the Yen was hit reaching 121.50 in Tokyo trading a loss of a […]

Crude has made a slight bounce, but it need desperately to close above $32.35 today just to pause. There is no change of a real reversal in trend here. Crude would need to closing above the $38.35 area just to hint that the low might be in place. Our timing targets are still pointing to […]

The mining industry is collapsing. Everyone expanded dramatically because they never expected China to stop buying. The loading up of debt is likely to get many companies in trouble. We may see the entire industry downgraded on a wholesale basis. Those looking at the miner stocks should pay attention to the forecast on each one in […]

Yes, we were hit hard with global warming. It’s just like I remember from when I was a kid and my father pushed me out the window to dig us out so that we could open the front door.

Japan opened weaker (mostly following the poor close on Wall Street) but was also influenced by the poor Retail Sales (Est -0.1% v’s actual -1.1%). However, after the initial shock prices recovered on rumors of additional stimulus expected to be announced tomorrow (following its two day policy meeting) but even that could not stop the Index […]

We have penetrated last year’s low in the cash S&P500, but not in the Dow yet. The Yearly Bearish does not come into play until we get to the bottom of the upward channel. Penetrating last year’s low is indeed setting the stage for the Slingshot. Everything on our models is clearly pointing to this […]