by irdadmin | Dec 27, 2021 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
The chart above is the HUI to SPX ratio (GDX was not around until 2006) vs the price of gold on a weekly basis going back to mid-2000. It shows that the mining stocks are extraordinarily undervalued relative to the S&P 500 and gold. If reversion to the mean kicks...
by irdadmin | Dec 22, 2021 | Financial Markets, Gold, Precious Metals
On Monday, December 20th, Fortuna Silver ($FSM / $FVI.TO) announced that the SEMARNAT, Mexico’s environmental authority, granted a twelve-year extension of the Environmental Impact Authorization at the San Jose mine. SEMARNAT confirmed that the mine operations...
by irdadmin | Dec 21, 2021 | Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
The Fed announced Wednesday that it would double its rate of taper, which means that by the end of March it will not longer be overtly dumping money into the banking system. It also implied, via its idiotic dot-plot, that there would be three interest hikes in 2022....
by irdadmin | Dec 16, 2021 | Financial Markets, U.S. Economy
“Ark Investment Management is “going through soul-searching” as its growth-focused funds fall out of favor amid expectations of tighter Federal Reserve policy…” – Cathie D Wood, December 9th on Bloomberg The chart above shows why all of Cathie...
by irdadmin | Dec 14, 2021 | Financial Markets, Gold, Market Manipulation, Precious Metals
I think the Fed knows that the fundamentals support a much higher gold price. I also believe that’s part of the reason that the Fed followed through on its taper threat, thereby posturing that it would tighten monetary policy, at least for now. That would...
by irdadmin | Dec 7, 2021 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
When someone plays with fire, that person eventually get burned. Most of the stocks Cathie Wood puts in her ETFs are the equivalent of playing with a blow-torch near puddles of gasoline. In 1999 retail “daytraders” partied until 1999 ended. A year later...
