U.S. Stock Market – With 5% or so upside and multiple times that to the downside, risk/reward doesn’t favor being long. (Ed Note: All charts were chosen by Money Talks Editor)

U.S. Bonds – Avoid!

U.S. Dollar – Despite numerous reasons to push it higher, it still can’t get above the selling area of 84-85 area on the U.S. Dollar Index. 

Canadian Dollar: Would love to buy more Canadian Dollars around .95

Gold and Silver – Some very bullish technical patterns regarding momentum are starting to form, but I suspect we first need to get pass options expiration next week before any real bottom can be cemented.

Mining and Exploration Shares – Here too some bullish momentum indicators are turning positive; but an unbelievable amount of resistance awaits any significant rallies – especially as one goes down the food chain into juniors.

Bubble, Bubble, Toil & Trouble. 

It is almost four years after the global financial meltdown of 2008 and many parts of world are still trying to recover. Given the impact of the crisis, which rocked financial markets across the globe, it is shocking to many that Canada seems to be following many of the same lending trends as we saw in the United States in 2006. These trends were at the core of the subprime mortgage crisis, which led to the global recession of 2008.

Canadian Real Estate Report

In the year and a half leading up to the crash housing prices rapidly increased in the United States, with a corresponding increase in subprime lending. We are now seeing the same trends in Canada. When analyzing the Canadian housing market, housing prices increased almost 100% since 2000, with the average home in Canada costing roughly $348,000. This is almost double our U.S. counterparts.

….for the whole analysis & charts go HERE

GREAT TRUTHS 

1. In my many years I have come to a conclusion that one useless man is a shame, two is a law firm, and three or more is a congress. — John Adams 

2. If you don’t read the newspaper you are uninformed, if you do read the newspaper you are misinformed. — Mark Twain 

3. Suppose you were an idiot. And suppose you were a member of Congress. But then I repeat myself. — Mark Twain 

4. I contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle. –Winston Churchill 

5. A government which robs Peter to pay Paul can always depend on the support of Paul. — George Bernard Shaw 

6. A liberal is someone who feels a great debt to his fellow man, which debt he proposes to pay off with your money. — G. Gordon Liddy 

….much much more HERE

….on the Economy will be interesting to see.

“Maybe the US market will continue to go up. But obviously one day the­ markets will come down again and then the impact of declining asset prices on the economy will be interesting to see’’ – in The Australian Financial Review.

Faber has sold US stocks over the past few months as the rally on Wall Street reached record highs. But……

In Vietnam I think you will make some Money in Shares

“In Vietnam we also have some involvement in real estate – in hotels and land developments in the Danang area. Danang is midway between the north Hanoi and the south Saigon on the coast, and during the war used to be the largest American airport outside the US. That whole coast is called China beach. . . the development is really mind boggling,” “I don’t think the market will run away right away but if you take a long-term horizon, five to 10 years, I think you will make some money in Vietnamese shares.’’ – in The Australian Financial Review.

…..read the entire article in the Australian Financial Review HERE where he talks of Investing in Asia, his activities on the board of mining companies, corporate bonds & other issues.