March 8, 2024 | Apple Struggles with Slumping Sales in China

China and the iPhone are closely linked, as sales in that country are a key to Apple’s success. China is going through an economic slump which shows up in sales of Apple’s most successful product, the iPhone. Recently competitors in China have been growing sales faster than Apple. Is a China sales slump for the […]

March 7, 2024 | Central Banks Sit Tight as Pain Spreads

Yesterday, the Bank of Canada announced it would hold its key interest rate at 5%, the highest since 2007. At the press conference, Governor Macklem confirmed that policy discussions considered how long rates should stay at present levels but added, “It’s still too early to consider lowering the policy interest rate.” The main cause for concern remains unaffordable housing […]

March 7, 2024 | Gasoline Demand Has a Long-Term Structural Problem in the US: Plunging Per-Capita Consumption

Gasoline consumption in the US, in terms of product supplied to gas stations, rose by 1.5% in 2023, to 376 million gallons per day. This was down by 3.9% from 2019 and back where it had first been 20 years ago, in 2003, with two big troughs in between. Gasoline consumption is determined by miles […]

March 7, 2024 | Gold Rally The Real Deal, Bitcoin Biggest Hoax?

Carrington Effect

March 7, 2024 | Gold, Bitcoin, US Dollar

Interest Rates, Inflation, Government Spending. Receive 50% Off VR Trader Newsletters! Enter Promo Code 2022HALFOFF.

March 7, 2024 | Could A New Commodities Boom Be Just Ahead?

Gold, Silver, Platinum, Palladium

March 7, 2024 | Don’t Hold Your Breath for Rate Cuts

Are Government’s addicted to receiving “laundered” money?

March 6, 2024 | Canada Moves to Ban Christianity – Changes to Bill C-367

Canadian Prime Minister Justin Trudeau has passed numerous pieces of legislation prohibiting free speech in Canada, yet nothing has been as restrictive as Bill C-367, an amendment to the Criminal Code that will prohibit Canadians from expressing “an opinion based on a belief in a religious text. If passed, people can be arrested for quoting […]

March 5, 2024 | The 2024 Election – Will Your Vote Even Matter?

  The computer has been forecasting these events decades in advance. As we approach them, what seemed outlandish years ago probably seems today. The civil unrest is dividing not just the United States but we see it in Canada and throughout Europe. This is NOT simply due to Trump. What is unfolding is the discontent […]

March 4, 2024 | The CFTC’s Response

The long-awaited response from the CFTC to my congressman’s office about my concerns of the possible double-counting of publicly reported silver inventories, originally sent to the agency in mid-November was received by me Friday morning, March 1. To refresh you with the issue, I asked the CFTC (along with the S.E.C.) to make clear whether […]

March 3, 2024 | The Dregs Take Flight

  The endgame inched closer to singularity last week with rigged rallies in stocks that had rightfully been given up for dead.  There was the more than doubling in the price of Beyond Meat, for example.  Until last week, shares of the veggie-burger upstart seemed content to scuddle sideways on a tortuous path to death. […]

March 2, 2024 | Trading Desk Notes For March 2, 2024

Key global stock indices surge to new highs; breadth at near record highs on “buy everything” sentiment The S&P hit new All-Time Highs again this week, up 16 of the last 18 weeks for a gain of ~1,000 points (25%) from the October 2023 lows. During this rally, the S&P market cap has increased ~$8 trillion, […]

March 2, 2024 | This Week in Money

• Ross Clark: Stock Market, Gold, Bitcoin, Natural Gas, Uranium.  Special Offer!
• Mark Leibovit: (9:43) Gold, Bitcoin, Leap Day/Leap Year and the Markets.  Receive 50% Off VR Trader Newsletters! Enter Promo Code 2022HALFOFF.
• Wolf Richter: (48:56) Interest Rates,  Real Estate, US Bank Collapse, Electric Vehicles, Auto Industry.
• Tony Mitchell: (1:40:42) Director of Marketing for RecycLiCo™ Battery Materials Inc. on Company Showcase – RecycLiCo™ Battery Materials Moving Forward, Sandy Munro, Jason Fenske and Norm Chow.  Zenith joint venture, potential JV partners return for more product testing.  Watch Roundtable Video with Sandy Munro, Jason Fenske and Norm Chow: “RecycLiCo Battery Recycling Q&A with Engineering Explained & Kemetco Research“.  Book mentioned in video: “The Innovator’s Dilemma: When New Technologies Cause Great Firms to Fail“.  View Recyclico’s Company Presentation.   Watch – We upcycle cathode scraps and black mass into higher-value battery materials!  Video  – The demonstration plant for the RecycLiCo™ Patented Process is now operational in Vancouver, British Columbia, Canada. Questions?  Email or Phone: 778.574.4444

March 1, 2024 | Chinese Capital Retreating From Foreign Realty Markets

Thirteen years of ‘easy money’ spurred debt complacency and a global credit boom that inflated asset prices, particularly real estate, worldwide. Now, higher rates are triggering the great unwind in a dash to reduce overhead and raise cash everywhere, all at once. Countries that saw the most significant influx of foreign investment and property appreciation- […]

March 1, 2024 | Worst Monthly Spike of “Core Services” PCE Inflation in 22 Years, and Not Just Housing: Powell’s Gonna Have Another Cow

Over the past year or so, the Fed has been intensely discussing inflation in “core services,” which is where inflation had shifted to in 2022, from goods inflation which had spiked into mid-2022 but then cooled dramatically. So “core services” is where it’s at. Core services is where consumers spend the majority of their money. […]

March 1, 2024 | Gold to Bitcoin Portfolio Ratio

Explosion of the biggest bubble ever?

March 1, 2024 | RecycLiCo™ Battery Materials Moving Forward, Sandy Munro, Jason Fenske and Norm Chow

Zenith joint venture, potential JV partners return for more product testing. Watch Roundtable Video with Sandy Munro, Jason Fenske and Norm Chow: “RecycLiCo Battery Recycling Q&A with Engineering Explained & Kemetco Research“. Book mentioned in video: “The Innovator’s Dilemma: When New Technologies Cause Great Firms to Fail“. View Recyclico’s Company Presentation Watch – We upcycle cathode scraps and black […]

February 29, 2024 | Why War is Inevitable & the Outcome

  One of the basic rules of war is that you always keep two fronts going simultaneously. The first is the obvious battlefield. However, the second is communication. Suppose you DO NOT keep communication open through the back channels. In that case, there is NEVER the possibility of PEACE, and the war then becomes concluded only […]

February 29, 2024 | Cycles: Dow, Gold, US Dollar, Presidential

Real US Economy, Dot Com Bubble

February 28, 2024 | OPEC Discussing Extending Its Production Cuts For One More Quarter Lifts Crude Prices Modestly

GLOBAL ECONOMIC, POLITICAL & MILITARY UPDATE Mixed economic data in the US continues with some data showing a slowing economy but others indicating inflation reversings to the upside. This stagflation pivot is not what the bond and stock market want to see. Forecasters are now indicating that the first cut would occur in June only […]

February 27, 2024 | The Most Splendid Housing Bubbles in America, Feb 2024 Update: 20-City Index Drops for 2nd Month from Double-Top. Biggest Price Drops from 2022 Peak: San Francisco, Seattle, Portland, Denver, Phoenix, Las Vegas, Dallas, San Diego

The overall home price index for the 20 metros that today’s S&P CoreLogic Case-Shiller Home Price Index covers declined by 0.6% from the prior month, the second month in a row of declines. The index formed a double-top with the first peak in June 2022 and the second peak in October 2023. The close-up of the […]

February 26, 2024 | Murder and Rape Legal for Lawless Migrants

  Laken Riley was a 22-year-old student on the Dean’s List at the Augusta University’s College of Nursing in Athens, Georgia, with a bright future ahead of her. She went for a run on a popular trail during the day and never returned home. Her body was found discarded in the woods and investigators, Democrat […]

February 25, 2024 | The Fallacy of the Wall of Worry

So much for the wall of worry!  Optimists and visionaries supposedly climb it while ignoring troublesome signs that leave most investors on the sidelines, paralyzed with fear. Last week, as soaring shares of Nvidia tugged stocks higher around the world, speculators swarmed the wall like cockroaches gorging themselves on dried beer, glue and animal feces. […]

February 24, 2024 | Trading Desk Notes For February 24, 2024

The most important stock in the world NVDA market cap soared >$300 Billion on Thursday (day session and aftermarket) to >$2 Trillion. This was the largest ever one-day market cap gain by an individual stock. The increase was equivalent to over TWICE the market cap of RBC, the largest stock on the TSE.   The rally […]