Goldman Sachs is finally paying a price (money) for the role it played in the 2007 mortgage scandal, but of course, nobody is going to jail, which proves that Goldman remains above the law. The Wall Street firm agreed to only a civil settlement of up to $5 billion with federal prosecutors and regulators arising from its marketing and selling […]

QUESTION: Greetings Mr Armstrong and thank you for your excellent blog! I have recently started reading Benoit Mandelbrot’s The Misbehaviour of Markets in which he states that stock prices probably isn’t predictable in any useful sense of the term (p. 6). I recall that you have stated that stock prices can be predicted but not […]

Portugal is starting to bail-in banks. The fascinating aspect that nobody seems to see is that this is a total failure of socialism. The U.S. Federal Reserve was formed in 1913, with the shareholders being the banks, to provide the cash needed to prevent bank failures. To stimulate the economy when the banks could not […]

They are now playing “Born in the USA” at Trump rallies to distinguish him from Cruz who was born in Canada. The real issue that Cruz will not address head-on is the revelation in the New York Times that Cruz failed to properly disclose large loans he received during his senate campaign. Trump brought up the issue, but in a […]

It has been only a matter of time. The U.S. Treasury will begin tracking high-end real estate to see where the money comes from because many properties are selling for CASH without mortgages. The news release on January 13, 2016, states: The Financial Crimes Enforcement Network (FinCEN) today issued Geographic Targeting Orders (GTO) that will […]

According to a New Hampshire poll released by Monmouth University Poll Institute on Tuesday, Bernie Sanders has 53% support compared to Clinton’s 39%, and Martin O’Malley is in third place at 5%. Meanwhile, Trump soars well ahead of everyone else and Bush collapsed to 4%. This begs the question: What will Goldman Sachs do if it does not […]

The goldbugs spun the tail that China was going to save them by making gold $50,000-$100,000 an ounce because money, in their minds, has to be tangible. However, China’s $3 trillion-plus in foreign currency reserves was the biggest stockpile in the world, They had no such intention of swapping it all for gold. As a […]

Asia started weak (again), not China, but the Nikkei (-1%) and HSI (-1%). China actually performed better (+2.27%) with dealers quoting the off-shore FX weakness as a consequence. The yuan (off-shore) lost around 1% to close at a low of 6.7315 (a five-year record low). Obviously, North Korea’s claim that it has successfully carried out […]

The New York Stock Exchange and NASDAQ are terminating stop-loss and good-til-canceled orders beginning Feb. 26, 2016. They are claiming risks occur from such orders during volatile trading. They are really admitting that there is a liquidity crisis. Additionally, going after high frequency trading and demanding that they turn over the source code to the […]

COMMENT: Marty, the NASA study is absolutely correct. I work in a different area of geological observations. When a volcano erupts, the ash creates global cooling reflecting the sunlight. You are correct that this global warming is a tax agenda. Thanks for spreading the word Anonymous REPLY: Yes. Go to the beach on a partly […]