by irdadmin | May 25, 2017 | Financial Markets, Market Manipulation, U.S. Economy
Best Buy reported its earnings this morning for its Q1. Revenues were up year over year for the quarter (qtr/qtr) by a scorching $85 million, or 1%. But this came at the expense of price competition, as its gross profit declined 5.7%. Operating income plunged...
by irdadmin | May 24, 2017 | Financial Markets, Gold, Precious Metals
Lior Gantz of the Wealth Research Group invited me onto this show to review Barrick Gold as an investment. It was an interesting proposition because I was not given advance notice in order to prepare notes or review Barrick’s financials. The exercise forced me...
by irdadmin | May 23, 2017 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
So much for the jump in the builder’s confidence index reported last week. The Government reported a literal plunge in new home sales in April. Not only did the seasonally manipulated adjusted annualized sales rate drop 11.4% from March, it was 6% below Wall...
by irdadmin | May 23, 2017 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
The S&P 500 and Dow have gone nowhere since March 1st. The SPX had been bumping its head on 2400 until Wednesday. The Dow and the SPX have been levitating on the backs of five tech stocks: AAPL, AMZN, FB, GOOG and MSFT. AAPL alone is responsible for 25% of the...
by irdadmin | May 22, 2017 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
Silver Doctors / The News Doctors invited me onto their weekly SD Bullion Metals and Markets show to discuss why both the technicals and fundamentals are setting up for an unexpected rally into the summer in gold, silver and the mining shares, specifically the...
by irdadmin | May 21, 2017 | Financial Markets, Market Manipulation, U.S. Economy
Steven Mnuchin addressed the Senate Banking Committee and opined that breaking up the big banks would be a “huge mistake.” According to the Financial Times: Mr Muchin said forcing a split in the banking business would lead to significant problems in the...
