by irdadmin | Jun 17, 2020 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
This market reminds me of the late 1999/early 2000 tech bubble. But back then it was primarily the Nasdaq that bubbled up. This time around the absurd dislocation between value and reality is more comprehensive. It’s not just tech stocks but also non-tech...
by irdadmin | Jun 16, 2020 | Financial Markets, Market Manipulation, U.S. Economy
The stock market promoting mainstream media this morning reported “U.S. Retail Sales Rose Record 18% in May” (e.g. the Wall St Journal). The S&P futures jumped from up 45 points to up 90 points. But, as usual, the details are in the fine print of the...
by irdadmin | Jun 15, 2020 | Financial Markets, Gold, Market Manipulation, U.S. Economy
“No one ever loses equity in a bankruptcy case,” U.S. Bankruptcy Judge David Jones said during a status conference in the J.C. Penney case last month. “Equity gets lost long before the case is filed.” Hertz filed Chapter 11 under the U.S. Bankruptcy Code after the...
by irdadmin | Jun 10, 2020 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
The bullion banks – at least on the Comex – have reduced their risk exposure to gold and silver derivatives over the last several months, which means reducing their short exposure. This is likely in response to the rising risk that they will be unable to...
by irdadmin | Jun 5, 2020 | Financial Markets
“Well, now that we have seen each other,” said the unicorn, “if you’ll believe in me, I’ll believe in you.” – Lewis Carroll, “Through The Looking Glass” “The greatest trick the devil ever pulled was convincing the world...
