After spending part of the session in the red, the TSX rebounded to end the day with a 32.01 point gain to 11,728.64, as the gold price moved higher and several companies reported their second quarter results.

Jay’s Latest Personal Portfolio Allocation

Time will tell whether or not this is a mistake. But I have reduced my cash, increased my bear market strategy in FAZ, and increased my gold and silver share position somewhat. I have also reduced my gold and silver bullion somewhat from where it was before.

The TSX moved lower for the second day in a row on Wednesday, down 20.06 points to 11,696.63 as the oil price declined amid increasing inventories. Crude for September delivery slid 51 cents to $76.99 a barrel as the U.S. Energy Information Administration reported Wednesday that U.S. commercial crude inventories increased by 7.3 million barrels last week. The TSX energy sector ended the day down 1.3%. 

Daniel Estulin and Adrian Salbuchi appeared together as guests on this week’s show. Estulin, the premier expert on the Bilderberg Group, and Adrian Salbuchi, who tracks the moves by those same ruling elitists toward globalization and the removal of your personal sovereign rights and the removal of national sovereignty, provide a “progress” report toward the elite’s efforts to enslave us all economically and politically. 

After three sessions of gains, the TSX ended the day in negative territory on Tuesday, falling 29.38 points to 11,716.69, as gold prices tumbled and investors took in consumer confidence numbers on both sides of the border. 

After spending much of Friday in positive territory, the TSX ended the trading day on a negative note, falling 18.38 points to 11,927.59, while the gold price moved to a record high and the TSX Venture added 6.80 points to 1,488.18.

Gold for August delivery climbed $9.60 to a new high of $1,258.30 an ounce Friday, as investors reportedly continued to look to the metal as a safe haven. 

The TSX started off a shortened trading week in the red, down 3.27 points to 11,518.08, but well off its worst levels of the day, while the TSX Venture gave back 3.24 points to end the day at 1,450.15, as the oil price lost ground.

Gold for June delivery added $4.00 to $1,198 an ounce, and the TSX Global Gold index climbed 3.7%, as did several gold stocks including New Gold (TSX: T-NGD), up 13.1%, Eldorado Gold (TSX: T-ELD), which climbed 7.1% and Yamana Gold (TSX: T-YRI), which jumped 5.7%.

Matthew Simmons sees peak oil as the end of energy supplies as we know them.
The following is a transcript of the conversation I had with Matthew Simmons on the April 27 episode of Turning Hard Times into Good Times and with Paul Michael Wihbey on the May 4 episode of my radio show. Simmons presented his continuing thesis that the lights on western civilization are about to go out.