In an almost frightening foreshadowing of the future, Ray Dalio outlines in 2016 how central banks will deliver stimulus in the future. Dalio contends that central banks will get so desperate they will give money away. With upwards of $6 trillion committed from the U.S. government and the Fed, this has now become a reality. […]
Just an hour ago I was quoted $21.86 to buy one ounce Silver Eagle coins – a near $8 premium! People are scrambling to buy what gold and silver is available as central banks unleash trillions in new currency to stave off a depression. Max Keiser and Stacy Herbert are back to discuss the end […]
At last, one of the most volatile contests in Stock Challenge history has come to an end… While it was a close battle between members ‘Scoby13’ and ‘Joe Knows’, Scoby13 managed to power through and finish in first place with a return of 89.15%! Well done Scoby13; few Stock Challengers managed to achieve returns of […]
Small businesses across North America continue to take the brunt of Covid-19, despite aggressive actions by the Bank of Canada and U.S. Federal Reserve. In Canada, a survey by the Canadian Federation of Independent Business found that a third of Canadian small businesses say they cannot survive the economic impact of coronavirus for more than […]
In what is becoming the largest bailout in US history, some investors are not rejoicing. While the markets soar and money rushes in, is anyone asking about the cost and the ability to repay the trillions upon trillions that the Fed and US taxpayers are now comitting to? Furthermore, what damage to the US dollar […]
As soon as I saw the ticker tape, I knew it wouldn’t last. Dow and other U.S. index futures were down 5% Sunday, before yet another emergency Fed meeting. While the intial headlines reversed sentiment and saw exchanges up 1-2% before the open, the relief rally failed. All indices are now in the red, down […]
Mike Maloney outlines in “Helicopter Drops & Biggest Bailouts in History Are Here” where the markets and precious metals may be heading. With WTI crude trading in the mid-$20s, oil demand is collapsing as transportation grinds to a halt. While the energy sector is reeling amid this massive sell-off, miners and other operators are about […]
The TSX Venture is a speculators exchange in every way. A gamblers paradise, the index rises and falls on the wings of sentiment, nothing more. In my relatively short investing life, I’ve never seen the outlook this grim. We can take solace in the fact that every pandemic in human history has ended, usually of […]
We’re 75 days into 2020, and it’s already been one hellish year. The most powerful people in the world, from presidents to central bankers, are all trying to stop one thing right now: a global credit crisis. At the heart of their fears is record US corporate debt that stands at over $10 trillion. Despite […]
The Canadian markets suffered their biggest drop since the 1987 Crash today, causing the TSX Venture to hit a new all-time low of 465.95 just 20 minutes after market open. The TSXV closed even lower at 463.15 by the end of the day. With the Dow and other major US stock indices in a downward […]