by irdadmin | May 30, 2017 | Financial Markets, Gold, Market Manipulation
After the concerted western Central Bank effort, led by the BIS, to squelch Indian gold imports by eliminating the most commonly used currency bills failed, the fake news about Indian gold imports coming from the World Gold Council amplified. The WGC missed its Q1...
by irdadmin | May 29, 2017 | Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
Given group-think and the determination of policy makers to do ‘whatever it takes’ to prevent the next market ‘crash,’ we think that the low-volatility levitation magic act of stocks and bonds will exist until the disenchanting moment when it does not. And...
by irdadmin | May 26, 2017 | Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
I want to show two quotes from commentators in related areas of financial analysis because they illustrate the difference between truthful commentary and unmitigated idiocy. Yesterday, James “Mc” wrote in Bill Murphy’s nightly “Midas”...
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...
