ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
March 24, 2025 | Recession Watch: Cratering Condos and Creeped-Out Consumers
Most of the following charts are from Wolf Street or the Kobeissi letter. Definitely follow those guys. Cratering Condos There’s no way to overstate how crazy US home prices have become. To take just one metric, the median US household income is $79,200, but it takes an annual income of $124,200 to buy the average American house. That’s […]
March 24, 2025 | Wilful Blindness Tends To Be Financially Destructive, In The End
For decades, my mission has been to help individuals with finite lifespans make unvarnished, clear-eyed financial assessments and plans that will serve them well through complete market cycles. Fortunately, we have attracted a strong base of clients who value the approach. But we’re far from mainstream. I am regularly asked to review the portfolios/asset allocations […]
March 24, 2025 | Heading to the Polls
Happy Monday Morning! It’s official, Canadians are heading to the polls on April 28th. Interim PM, Mark Carney has triggered an election, in what will surely be one of the most consequential elections in recent history. The country is caught between a rock and a hard place, fighting multiple battles on different fronts. Not only […]
March 23, 2025 | $3,000 Gold = Gold Miner Acquisition Binge
Gold hit $3,000/oz last week. I’ve been waiting a long time to write that sentence! Now get ready for a torrent of gold miner cash flow to ignite a takeover boom. Mining analyst Marin Katusa just posted some thoughts on what this means. Here’s an excerpt: Gold Miners, the New Margin Monsters Most gold mines have costs […]
March 23, 2025 | The Unvaxed
COMMENT: Marty, Cheer up. They are coming for you! Gene REPLY: Well, I can’t outrun that many. Hopefully, one is interested in financial markets. Then maybe. When I went to a new doctor, she asked if I was vaccinated, and I said, “NO!” She replied, “Good!“ She worked last at the VA and quit over government policy.
March 23, 2025 | The Inflationista Illuminati, Part 2
The theme among so many writers seems to be “vibe shift.” And indeed, there is a concern the economy is slowing and may even be in a recession. That is certainly what today’s writer and my friend, Danielle DiMartino Booth, points to in this second part of her data-driven inflation analysis, which I share below. […]
March 23, 2025 | Are New Highs Coming? Here’s How to Tell…
The Trump wild card has made it especially difficult to bet on the stock market. Even cynics can’t say for sure that his radical agenda will not eventually produce an economic golden era capable of pushing the Dow average to 100,000 or higher. In just two short months, the president has crushed wokeness and racial […]
March 22, 2025 | Mt Spurr Alaska – Activity Rising
COMMENT: Marty, Here in Alaska, we have been put on alert that Mt Spurr may erupt soon. Your computer has been remarkable projecting these trend of rising volcanic activity here in 2025 and we are still in the first quarter. Do you have any historical analysis of Mt. Spurr? Rob REPLY: Mount Spurr, a stratovolcano […]
March 22, 2025 | Trading Desk Notes for March 22, 2025
Gold hit new highs again this week, up ~$1,000 from year-ago levels Front-month COMEX gold futures rallied to ~$3,065 this week, up over $400 (~15%) from the January 2025 lows, up ~$1,260 (~70%) from the pre-Hamas attack on Israel lows in October 2023 (blue ellipse) and up ~$1,450 (~90%) from the October 2022 lows (pink ellipse.) […]
March 22, 2025 | Tech Talk for Saturday March 22nd 2025
The Bottom Line Equity indices in Canada and the U.S. are following their traditional seasonal patterns: an intermediate term bottom near mid-March followed by a Spring rally. Historically, U.S. equity indices have moved higher until the first week in May and the TSX Composite has moved higher until the first week in June.
March 21, 2025 | Chinese Automaker BYD is Taking Over Tesla
Chinese automaker BYD is flooding the world outside of North America with new, inexpensive models both hybrid and all-electric. And the latest announcement from BYD of an all-electric vehicle that can add 400 kilometers of range in five minutes is sending shock waves throughout the automotive world. Will these new models allow BYD to take […]
March 21, 2025 | Is Silver Being Suppressed?
Bubble Bubble Report’s Jesse Colombo just weighed in on the “Why isn’t silver $100!?” debate with a compelling case for manipulation. Here’s an excerpt: The mechanics of silver price suppression Many precious metals investors have heard about silver manipulation or suspected it, but few fully understand how it works or can clearly explain it. Many also […]
March 21, 2025 | How Bad is Canada’s Fentanyl Problem?
This is unsettling stuff with broad implications for Canada, but the first steps to recovery are to admit, repent and reform. Most of the 2022 Cullen Commission 101 Recommendations have yet to be implemented. Port Coquitlam, Vancouver Mayor Brad West Describes U.S. Government Concerns with Canada, Says He Would Serve as Fentanyl Czar if a New Government […]
March 20, 2025 | Violence Against Tesla Owners is Outrageous
The radical left is extremely dangerous when angered. The intense hatred of Elon Musk has caused a worldwide pandemonium where misplaced raged is directed at Tesla owners. Tesla was once celebrated by the left for championing EV technology, and perhaps favored by those on the left. Now, we are seeing countless daily occurrences of […]
March 20, 2025 | Health Prepping: Stop Poisoning Yourself
Back in the nutritional Dark Ages, my wife and I would take our kids to McDonald’s and give them a choice of Sprite or Coke with their burgers and fries. We didn’t know at the time that the whole menu was just empty calories. Sorry kids! But it’s way worse than that. This is the […]
March 20, 2025 | Falling Shelter Prices are Good, but Also Painful
According to data from the Canadian Real Estate Association (CREA), February Canadian home sales fell 9.8% from January and were 10.4% lower than in February 2024. The drop in sales was most pronounced in the Greater Toronto Area but relatively broad-based, with declines in three-quarters of local and almost all large markets, said CREA. See Canadian […]
March 19, 2025 | Powell – The Fed- Inflation – Recession
Jerome Powell kept rates unchanged as our computer was projecting. However, he did weigh in on the state of the US economy, pointing out that Donald Trump’s policies were one reason why inflation is turning back up. He also reduced the Fed’s 2025 growth projection, noting that uncertainty around the slowing economy is increasing. The […]
March 19, 2025 | Crude Oil Softens On Seasonal Build In Inventories. Important BUY Signal Imminent
A partial ceasefire in Ukraine where both Russia and Ukraine committed to stop attacking each other’s energy infrastructure for 30 days is the best that the US could get from the current negotiations to a long term de-escalation and towards a peace agreement. One additional move was a deal to exchange prisoners. Now 175 prisoners […]
March 19, 2025 | Macro Update: Powell’s Dangerous Trap
Inflation is dropping quickly, and other concerning trends, including mass layoffs, are developing. But you wouldn’t know it from reading the headlines. QI Research founder Danielle DiMartino Booth has been calling attention to underreported recession signals since our last interview in May, when she highlighted rising store closures and job losses. As she said then, […]
March 18, 2025 | Putin Would be a Fool Again To Agree to Complete Cease-Fire as EU Prepares for War
QUESTION: Did your sources tell you that Putin would reject the complete cease-fire? You seem always to be spot on. FK ANSWER: In all honesty, you shouldn’t even need sources for that. The Europeans have been undermining Trump at every turn. Putin would be a fool to accept a complete caesar-fire because Zelensky is an […]
March 18, 2025 | U.S. Recession Odds Spike with Households Pessimistic and Risk-Exposed
Last week’s University of Michigan consumer sentiment survey saw economic expectations plunge for Democrats, Independents and Republicans. Those expecting an improved financial situation one year from now reached the lowest since 1980 (shown below, courtesy of The Daily Shot). Those seeing improving employment conditions were the least since the 2008 recession (red line below since […]
March 18, 2025 | Market Recovery or Temporary Relief? Key Insights on S&P 500 & Gold
The S&P 500 closed higher for the second consecutive day, marking a positive turn after four weeks of negative results. The index rose 0.6% to 5,675.12, showing signs of recovery after entering correction territory last week. However, Tesla and Nvidia bucked the trend, with Tesla down 5.36% to $236.55 and Nvidia down 1.98% to $119.27. […]
March 17, 2025 | Gone Missing
Happy Monday Morning! Canada has a new Prime Minister. Mark Carney was installed as leader of the country this past week. How long he lasts is anyone’s guess, but if he does eventually survive a federal election he will have some difficult decisions. One of which is housing. Real Estate sales are circling the drain, […]
March 17, 2025 | Understanding Gold
COMMENT: Thank you for your honest analysis of gold. Whenever someone talks about gold and inflation, they are not accurate analysts but mouth the same propaganda that has been prevalent since the fall of Bretton Woods. I discussed this with our economics department, and they said you are correct. The quantity of money […]
March 17, 2025 | The MSM Discovers Copper
Copper has had a quietly impressive run so far in 2025. But much more is coming as mainstream investors tune into the story. Consider this, from NPR of all places: Forget about rare earth minerals. We need more copper (NPR) – In recent weeks, you’ve likely heard a lot about rare-earth substances, thanks to President Trump’s stalled […]