by irdadmin | Mar 29, 2016 | Financial Markets, Gold, Precious Metals
The bullion banks/Central Banks seem to be having a problem pushing gold lower here. Nearly every evening (U.S. time zone) they take a sledge hammer to the price by dumping payloads of paper gold electronic contracts in the Globex trading system. But gold snaps-back...
by irdadmin | Mar 29, 2016 | Financial Markets, Gold, Market Manipulation, Precious Metals
The price of gold ran up 20% since the beginning of 2016 through early March. In response to “overbought” readings in the popular momentum indicators, the superficial gold commentators become short term bearish. Additionally, based on what appeared too...
by irdadmin | Mar 28, 2016 | Financial Markets
In his latest commentary on the National Association of Realtors’ Existing Home Sales reports, John Williams of Shadowstats.com had this comment: “the quality of data underlying this series remains questionable, as seen in erratic reporting over the...
by irdadmin | Mar 28, 2016 | Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
Since 1971, when the world officially abandoned the gold standard, economic growth has been stimulated through vigorous applications of aggressive Central Banking monetary policies: the imposition of artificially low nominal interest and boundlessly unrestrained...
by irdadmin | Mar 24, 2016 | Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
The economic reports released this morning added to the near-continuous flow of information reflecting a U.S. economy that is likely contracting, for the most part. Perhaps the only “fundamental” variable not contracting is the hot air coming from the...
by irdadmin | Mar 23, 2016 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
Note: For the record, I am expecting the possibility that the new homes sales report for February released today will show an unexpected spike up. For the past several months, there’s been what I believe to be a pre-meditated pattern in which the existing home...
