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February 21, 2026 | Trading Desk Notes for February 21, 2026

The massive American military buildup near Iran Markets have reacted to US/Iran tensions (Nymex WTI closed at a 7-month high above $66, Comex gold had the highest ever weekly close at ~$5,130, albeit ~$500 below the January high, and the DXY US Dollar Index has rallied ~2% from the 4-year low reached in January). Polymarket is pricing ~60% chance that the USA […]

February 21, 2026 | This Week in Money

  • Ross Clark:  Stock Markets, Tariffs, Gold, Silver, Copper, Uranium, USD, Canadian Dollar, Bitcoin.
  • Bob Moriarty: (12:27) Gold, Silver, Tariffs, Canada 51st State.
  • Mark Leibovit: (37:53) Tariffs, Gold, Silver, Bitcoin, Uranium, AI, UFO’s and Aliens.

February 20, 2026 | Chinese AI Companies Rock Silicon Valley

The United States is spending hundreds of billions to win the AI race. China is trying to win by spending far less. Nvidia’s high-performance chips and multi-billion-dollar data centers have become the foundation of America’s AI strategy. The largest U.S. technology companies are committing extraordinary capital — potentially as much as 500 billion dollars this […]

February 20, 2026 | Canada to Provide Express Entry to Trained Foreign Military Personnel

    I have warned many times that immigration policy is increasingly being shaped by political ideology rather than long-term social cohesion and economic stability. The report that Canada is considering an express entry pathway for highly trained foreign military personnel raises very serious questions that go far beyond labor shortages or skills-based immigration. When […]

February 20, 2026 | Are Income Taxes “Evil?”

US Supreme Court strikes down most tariffs.

February 19, 2026 | Housing and Recessions

The benchmark Canadian home resale price has fallen more than 21% in nominal terms (25-30% in real terms) from the 2022 cycle peak (shown below since 2020). But new home prices have fallen just 8% from the peak nationwide because builders have used incentives, including mortgage rate buydowns, to avoid top-line price cuts. More price cuts […]

February 18, 2026 | Canada Completes Construction of Nuclear Power Plant

  What you are looking at with Canada completing the roughly $9.4 billion Darlington nuclear refurbishment early and under budget is something that completely contradicts the prevailing political narrative about energy policy in the West. The final 878-MW unit is now preparing to return to commercial operation, marking the end of a decade-long rebuild of […]

February 17, 2026 | When China’s Away, the Silver Shorts Play

It’s been a brutal few days for precious metals, especially silver: And — completely coincidentally — China’s gold markets are closed. Here’s an AI summary of the situation: The Shanghai Gold Exchange (SGE) and Shanghai Futures Exchange (SHFE) are closed from February 15 to February 23, 2026, due to the Lunar New Year holiday, with trading resuming on February 24, 2026. […]

February 16, 2026 | A Paradigm Shift in Employment

We have been inundated with employment and labor data over the past few weeks. Some of it is finally catching up from reports delayed due to the government shutdown. Readers can be forgiven for feeling a bit of whiplash from the widely varying analysis of those numbers. Depending on who you read, things are either […]

February 15, 2026 | Musk Will Be the Last AI Entrepreneur Standing

AI hubris has got itself in a bind, trapped between two conflicting stories, neither of which seems likely to end well. One story has the boys in the billionaire’s club throwing untold sums of money at a technology that seems increasingly unlikely to produce commensurate returns. The other story has been threatening whole sectors of […]

February 14, 2026 | Crashing Gold and Silver Prices — How Long Will It Last?

What if the economy wasn’t chaotic at all-but followed a hidden code? The Armstrong Economic Code reveals the powerful cyclical patterns discovered by legendary forecaster Martin A. Armstrong, whose Economic Confidence Model (ECM) has predicted every major boom, bust, and geopolitical shift for more than four decades. Compiled and expanded by Kerry Lutz, host of the […]

February 14, 2026 | This Week in Money

  • Ross Clark: Stock Markets,  Bitcoin, Gold, Silver, Copper, USD, Canadian Dollar.
  • Josef Schachter: (11:02) Crude Oil, Alberta Separation, Dow 100,000
  • Hilliard MacBeth:  (1:10:01) Alberta Separatist Movement, Real Estate, Electric Vehicles

February 13, 2026 | The Gordie Howe International Bridge Makes Donald Trump Furious

The Gordie Howe International Bridge isn’t even open yet, and it’s already stirring up political drama from Windsor to Washington. This week, President Donald Trump lashed out on Truth Social, threatening to block the bridge’s opening — even though he personally supported the project during his first term and once called for its speedy completion. So why […]

February 13, 2026 | Rick Mills: The Copper Shortage Has Arrived

One of the wild things about copper is that it’s now trading at an all-time high price while supply and demand are more or less in balance. Kind of makes you wonder what it will do when the long-awaited shortage hits. According to commodities analyst Rick Mills, we’re about to find out because 2026 is […]

February 13, 2026 | Grannies Selling their Silverware a Sign of Market Top?

It’s lights out for Cuba

February 12, 2026 | Putin Whacks Silver

  Silver just had one of its steepest declines on record: And this might be why: (Economic Times) – Russia is actively considering a return to the US dollar settlement system as part of a potential economic partnership with President Donald Trump, according to a 2026 internal Kremlin memo reviewed by Bloomberg. The proposal outlines […]

February 12, 2026 | EPA to Repeal Greenhouse Gas Regulations

  The Environmental Protection Agency under the Trump administration is on the verge of repealing the 2009 “endangerment finding” that formed the legal and scientific basis for regulating greenhouse gases under the Clean Air Act. That finding, first issued early in the Obama administration, concluded that carbon dioxide and five other greenhouse gases “may reasonably […]

February 12, 2026 | Was Dow 50,000 a Bull Trap?

It’s risk off across the board

February 12, 2026 | New Downside Targets for Gold and Silver

What the real scandal could be from the Epstein files

February 11, 2026 | The Silver ‘Great Divorce’: Is the COMEX About to Break?

Silver: A Setup That Often Precedes Potentially Severe  Corrections There is a lot of noise right now surrounding the physical availability of silver, and it’s creating uncertainty for investors in both the futures and ETF markets. The silver market is entering a period where price behavior may be driven less by fundamentals and more by […]

February 11, 2026 | Financial Stress is Driving Rents and Home Prices Down, at Last

As I have noted many times, historically, a maximum of 3x household income has been considered the limit of what is considered “affordable” for homes. In Canada, with a median household income of 84k, this would mean homes priced at no more than $252,000. Today, the national average home sale price is $660k (down from […]

February 10, 2026 | Dow to 100K?

Donald Trump recently stated that the Dow could reach 100,000 by the end of his presidency, and the usual crowd immediately rushed to either cheer or ridicule the statement without understanding why such a number is even possible. The problem with modern analysis is that it assumes markets rise because governments are doing something right. […]

February 9, 2026 | Spring Listings Start Early in 2026

The spring listing wave traditionally starts at the end of February, but supply is already off to a strong start in 2026. Canadian housing inventory rose in January, with listings higher across most regions, as prices declined (home price index for the 5 largest urban centers shown below for December and January). See Supply surge keeps […]

February 8, 2026 | Time to Jump on Miners

[The following commentary was written by Steve Houck. He is a longtime investor in bullion and knows the markets well.  He is also a friend and former business partner.  RA ] Looking at the froth in silver, it became apparent it was time to rotate from overvalued to undervalued once again.  Selling precious-metal ETFs like SLV and AGQ […]

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