by irdadmin | Jul 14, 2019 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
“I don’t think it’s any coincidence that gold runs from $1285 to as high as $1445 around the time that all the news about Deutsche Bank started coming out” [the failure to merge with Commerzbank followed by the “good bank / bad...
by irdadmin | Jul 11, 2019 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
“You’ve assigned us the job of two direct, real-economy objectives: maximum employment, stable prices. If you assigned us [to] stabilize the dollar price of gold, monetary policy could do that, but the other things would fluctuate and we wouldn’t...
by irdadmin | Jul 9, 2019 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
Jerome Powell will deliver the Fed’s semi-annual testimony on monetary policy (formerly known as the Humphrey-Hawkins testimony) to Congress this week. He’ll likely bore us to tears bloviating about “low inflation” and a “tight labor...
by irdadmin | Jul 8, 2019 | Financial Markets, Gold, Market Manipulation, Precious Metals
Gold tends to perform the best when the real rate of interest (interest rates minus the real inflation rate) is negative. For now, the Central Banks have been able to contain the movement of gold in order to prevent the price from doing what it should be doing when...
by irdadmin | Jul 5, 2019 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
Today’s attack on gold and silver was one of the most predictable in my 18 years of involvement in the precious metals sector. On Wednesday just before the close of the NYSE, I loaded up at-the-money puts on NUGT that expire today. I sold them right after the...
