by irdadmin | Aug 2, 2019 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
The price of gold has rejected numerous attempts by the banks to hammer the gold price below $1400 using paper gold derivatives on the Comex and the LBMA. I have not seen gold behave with such resiliency in the last 19 years when the Comex banks have an extremely...
by irdadmin | Jul 31, 2019 | Financial Markets, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
Regardless of the Fed Funds rate policy decision by the FOMC today, the economy is spinning down the drain. Lower rates won’t help stimulate much economic activity. Maybe it will arouse a little more financial engineering activity on Wall Street and it might...
by irdadmin | Jul 29, 2019 | Financial Markets, Market Manipulation, U.S. Economy
In last week’s earnings release, Elon Musk made the claim in the headline release that Tesla generated $614 million of “free cash flow,” which he defined as “operating cash flow less capex.” Additionally, in the 2nd paragraph of the...
by irdadmin | Jul 25, 2019 | Financial Markets, Gold, Market Manipulation, Precious Metals
Currently gold and silver are behaving in a way that I have not seen since late 2008. The gold open interest on the Comex is near a record high (657,776 on July 11, 2016). The Comex banks continue pile into the short side while the hedge funds pile into the long side....
by irdadmin | Jul 24, 2019 | Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
Texas Instruments reported its Q2 yesterday after the close. Revenues were down 9% YoY for Q2 and management forecast an 11% decline for Q3. The stock market rewarded this fundamental deterioration in TXN’s business model by adding nearly $8 billion to...
