by irdadmin | May 10, 2016 | Financial Markets, U.S. Economy
The stock I feature in the latest issue of the Short Seller’s Journal was down 3.5% today. The company’s revenues are highly correlated with the GDP, which is going negative rather quickly. This stock easily has another $20 of downside by the middle of...
by irdadmin | May 9, 2016 | Financial Markets, Gold, Market Manipulation, Precious Metals
I want to preface this commentary with the “proviso” that I have no idea how violent to the downside this attack on the precious metals will get. No one does. It could end today; it could end at the 50 dma (approx $1,248 on the front-month paper gold...
by irdadmin | May 9, 2016 | Financial Markets, Gold, Market Manipulation, Precious Metals
Silver is up 25% YTD through last Friday. I have not checked every commodity and stock index, but if silver is not the best performing asset YTD, it’s in the top three. What’s more remarkable is that this move has occurred despite vociferous...
by irdadmin | May 6, 2016 | Financial Markets, U.S. Economy
The Government’s “non-farm payroll” report – aka “the employment situation” – reported an alleged 160k jobs added to the economy in April. I am loathe to even discuss this fairy-tale report out of disdain for ascribing any...
by irdadmin | May 5, 2016 | Financial Markets, Market Manipulation, U.S. Economy
Like a Mafia Don protecting his “family,” the Fed is implementing another layer of “protection” from collapse for the Too Big To Fail Banks. This latest deal will prevent bank counter-parties from pulling collateral from a collapsing bank. The...
