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. 

The TSX started the trading week with a 31.86 point climb to 11,746.07, amid a lacklustre day for oil and gold, while the TSX Venture eked out an 8.48 point gain to close at 1,403.46.

Several TSX subsectors ended the day in positive territory, including the financials sector, which added 0.9% and energy, which climbed 0.7%, although crude for September delivery ended the day at $78.98 a barrel – unchanged from Friday’s close.

I depend on associate Roger Wiegand for some of the technical information that I use on a regular basis. In my weekly “Hotline” of my newsletter, “J. Taylor’s Gold, Energy & Tech Stocks”, I include the report that you see below. “ A Weekly Review of Key Markets by Roger Wiegand” This is good general data along with some of Roger’s comments. I believe it gives a good quick overview of what is happening in the markets.

What is Chen Buying? What is Chen Selling? is a newsletter that Chen Lin send out to subscribers on an as appropriate basis. He keeps subscribers updated on what he is seeing in the market and on particular stocks and sectors. He sends alerts out when he buys and sell so subscribers can act quickly to take full advantage of what he is doing.

The stuff they threw in the health care bill makes me angry. The recently passed healthcare bill also contains new requirements for small business to report to the IRS transactions that include gold and silver coin sales.

The TSX ended the week on a positive note, moving 46.45 points higher to 11,714.21 after climbing back from an earlier slip into negative territory, as the market took in European bank stress test results and Canadian consumer price data.

The TSX wavered between positive and negative territory early in the session on Tuesday, but ended the day 86.41 points higher to 11,629.88 as commodity prices climbed and investors took in an interest rate hike and economic outlook from the Bank of Canada.

Despite this past week being an up market for stocks, the momentum toward a deeper deflationary market continued to build this week in our Inflation/Deflation Watch. The Watch closed at 129.53, down from 129.98 last week. But more importantly, our Inflation/Deflation Moving Average Intensity gauge fell to a medium deflationary reading of -2.0, down from -1.0 last week. The last time that happened was August 29, 2008, just a couple of weeks before the Lehman Brothers failure sent the global markets into a seize-up that finally caused talk of another Great Depression to no longer be the exclusive babble of crazies like your editor and other gold bugs.