by irdadmin | Aug 9, 2021 | Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
In the last FOMC policy announcement, the Fed announced that it is establishing a “standing” $500 billion repo facility open to domestic and foreign banks. A repo facility provides overnight or short term liquidity to the banking system. It moves liquidity...
by irdadmin | Aug 2, 2021 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
Silver and gold have been under intense attack in the paper silver/gold derivative markets (Comex, OTC derivatives) and the London unallocated phony physical bullion market since August 2020. But I believe that is about to end. The precious metals sector was...
by irdadmin | Jul 29, 2021 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
I ordinarily do not spend time reading the FOMC policy statement after it’s released, saving that brain damage for CNBC. But I read the June release to assess for myself whether or not the Fed had tilted toward a more “hawkish” policy stance and...
by irdadmin | Jul 27, 2021 | Financial Markets, Market Manipulation
“MicroStrategy Acquires Additional Bitcoins and Now Holds Over 105,000 Bitcoins in Total” – June 22, 2021 Michael Saylor, CEO of Microstrategy ($MSTR), has completely mortgaged the fate of Microstrategy on Bitcoin. Starting in August 2020, Saylor...
by irdadmin | Jul 23, 2021 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
The precious metals sector has been extremely irritating, if not outright agitating since May. Compounding the frustration is the fact that the fundamentals supporting the sector have never been stronger. These factors include negative interest rates, the Fed’s...
by irdadmin | Jul 16, 2021 | Financial Markets, Gold, Market Manipulation, Precious Metals
The Achilles’ Heel of the fractional, unallocated bullion system is when the physical gold and silver falls short of derivative obligations to deliver real physical metal to the end-user buyer. By delivery I mean move the bars from London or NYC vaults and ship...
