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August 15, 2026 | Trading Desk Notes for August 15, 2026

It’s vacation time, but bond yields keep rising Quote of the week – from Stephen Innes   Stocks are trading Goldilocks; the front end is trading a finished Fed; the long bond is trading fiscal indigestion; oil is trading geopolitics; gold is trading monetary mistrust — and volatility is trading as though none of it matters! Interest […]

August 14, 2026 | AI Trading Programs Will Trigger Huge Losses

Artificial intelligence is moving fast into financial markets — and it may be walking straight into a statistical trap that has fooled economists for decades. About $1.5 trillion in hedge fund assets are already under AI control, and that number is growing rapidly as more programs come online. The promise is seductive: superhuman pattern recognition […]

August 14, 2026 | This Week in Money

August 14, 2026 | Can US Dollar and Gold Rise at the Same Time?

Is there too much focus on Fed policy?

August 13, 2026 | Wholesale Inflation Is Cooling, But Do Not Confuse That With Deflation

  Wholesale prices were unchanged in July, coming in below expectations for a 0.2% increase. The Producer Price Index was flat after a revised 0.1% decline in June, while the annual rate fell sharply to 4.7% from 5.5%. Wholesale prices are still 4.7% higher than a year ago, and beneath that flat headline number there […]

August 13, 2026 | Cycles say This is Naturally a Turbulent Time

Does Gold have a promising long term outlook?

August 13, 2026 | Market Rally Self Generating But for How Long

Prediction for the US mid-term elections

August 12, 2026 | Gold and Silver Just Broke Levels We’ve Been Watching

Below are the charts we have been showing subscribers for over a month. Gold and silver have both been fighting the same fight for months — grinding under long-term downtrend lines while bulls waited for a real break. Last week, both charts finally took it. Gold Gold broke back above the descending trendline that’s capped […]

August 12, 2026 | Copper Just Keeps Rising. Here’s Why

Most commodities, including big ones like oil, gold, and silver, have been bouncing all over the place in response to geopolitical and technical crosscurrents. But not copper. The formerly boring metal has ignored the Iran war, rising interest rates, and central bank machinations to just keep going up. Here’s why   We’re going to need […]

August 11, 2026 | Fauci KNEW COVID Jab Was Dangerous for Pregnant Women

    I find these newly released messages because they expose once again how differently these people spoke privately compared with the absolute certainty projected upon the public. Senators Ron Johnson and Rand Paul have now released an initial batch of messages recovered from Anthony Fauci’s government-issued iPhone, reportedly containing more than 34,000 texts. In […]

August 10, 2026 | Iran’s Economy Is Unraveling

Iran International reports that the average advertised monthly rent in Tehran has climbed to 723 million rials, or about $389 at the open-market exchange rate. Many Iranian workers earn only 200 million to 250 million rials per month, equivalent to $108 to $134. A worker must now surrender nearly three months of wages to pay one […]

August 9, 2026 | Is the Debasement Trade Back?

For gold bugs, last week almost made up for the previous six months’ correction. Almost. As the above quote implies, this looks like more than a technical bounce off of support. Fundamentals are turning, as a weak jobs report lowered the odds of a Fed tightening for the balance of 2026, which removed some of […]

August 8, 2026 | Trading Desk Notes for August 8, 2026

Stocks – the “Everything rally” off the Citadel lows The Nasdaq 100 plunged to 3-month lows on Wednesday last week, down ~18% from the early-June all-time highs (with ~50% of those losses coming in the last 6 days of the decline). But news that Citadel has scooped up the remaining publicly traded assets of the […]

August 8, 2026 | This Week in Money

  • Ross Clark:  Stock Markets, Oil, Gold, Silver, Copper.
  • Eric Hadik:  (7:53) Stock Market Cycles, Oil, Natural Gas, Platinum, Palladium, Copper, USD, Canadian Dollar, Bitcoin.
  • Victor Adair: (30:10) Stock Markets, New Fed Chair, USD, Canadian Dollar, Yen, Iran War and Oil.

August 7, 2026 | SpaceX Could Become a Great Company

SpaceX is likely to be one of the great companies of the 21st century. At the current valuation, that may already be priced in — and then some. Results this week beat expectations, yet the stock sold off on capital expenditure concerns. At a $1.5 trillion valuation, even the most optimistic revenue growth scenarios put […]

August 7, 2026 | FOMO Driving Markets to Record Highs

AI has been on a 70 year march

August 6, 2026 | The Countries That Will Pay for the UN Tax Experiment

    A United Nations proposal would replace the current system of taxing each multinational subsidiary separately with a global unitary tax system. A corporation’s worldwide profits would first be combined into one total and then divided among countries according to a formula measuring where it employs workers and where its customers purchase goods and […]

August 6, 2026 | US Pot Stocks Spark Up

A need to be cautious as markets get toppy

August 5, 2026 | Neocon & Their Lies

    QUESTION: Do you mind if I ask something personal? It’s clear the neoconservatives aren’t fond of you, and I imagine the feeling is mutual. Since I know you’ve met quite a few of them face-to-face, was there a particular moment or encounter that personally struck a nerve with you? EJ ANSWER: That is […]

August 4, 2026 | The Fauci Pardon Cannot Silence the States

Biden’s autopen granted Anthony Fauci a “full and unconditional pardon” for any federal offenses he may have committed or participated in from January 1, 2014, through January 19, 2025, provided they arose from his service as director of the National Institute of Allergy and Infectious Diseases, a member of the White House Coronavirus Task Force […]

August 3, 2026 | SpaceX’s Lockup Is Here — And Early Investors Got In at $4

SpaceX: Not the Launch Musk Fans Were Hoping For When I sat down with This Week in Money on July 24 (link) the conversation turned to one of the most talked-about IPOs in market history — and I had to be the bearer of some uncomfortable news. SpaceX hadn’t exactly delivered the launch its fans were hoping for. […]

August 2, 2026 | The Fed Conundrum: Who’s Got the Votes?

This week’s vote from the Federal Reserve FOMC committee is going to have implications for quite some time. I think most of the pundits who are writing about this have their analysis wrong. This was not just a vote to not raise rates. I think there was a lot more going on behind the scenes. […]

August 1, 2026 | Trading Desk Notes for August 1, 2026

The S&P 500 index appeared to drift quietly sideways for the last several weeks. However… There was very volatile short-term price action in the index and even more volatile price action in individual names and sectors. The volatility is due, in part, to over-leverage, momentum, crowding and concentration.   Here’s the S&P futures daily chart for the last three […]

August 1, 2026 | This Week in Money

July 31, 2026 | Warsh Failed His Test as an Inflation Fighter

Kevin Warsh faced his first major test as Federal Reserve chair this week, and the outcome left markets with more questions than answers. Investors had largely anticipated a continuation of the Fed’s hawkish posture, whether through a rate increase or a stronger signal that additional tightening was likely in the months ahead. Instead, the Federal […]

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