by irdadmin | Jan 2, 2019 | Financial Markets, Gold, Precious Metals
A quiet bull market in mining stocks is underway. The GDX ETF closed trading on New Year’s Eve up 2.37%. Through Monday, the GDX has risen 20% since hitting a 52-week low close of $17.57 on September 11, 2018. In popular parlance, GDX is now in a “bull...
by irdadmin | Dec 27, 2018 | Financial Markets, Gold, Housing Market, Market Manipulation, U.S. Economy
“Commentators keep asking why the Fed can’t raise rates if the economy is so strong? They still don’t realize that the economy was never strong. They confuse a bubble for strength. Without 0% rates and QE the bubble can’t survive. But a return...
by irdadmin | Dec 20, 2018 | Financial Markets, Gold, Housing Market, Market Manipulation, U.S. Economy
Bloomberg posted an article this morning describing the Collateralized Loan Obligation market as “Wall Street’s Billionaire Machine.” But I seem to recall that the CLO market was one of the financial nuclear bombs that blew up and triggered the...
by irdadmin | Dec 18, 2018 | Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
A friend asked me today what I thought Powell should do. I said, “the system is screwed. It ultimately doesn’t matter what anyone does. The money printing, credit creation and artificially low interest rates over the last 10 years has fueled the most...
by irdadmin | Dec 13, 2018 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
The following is an excerpt from my December 6th issue of the Mining Stock Journal: Trumps Dilemma – The dollar index has been rising since Trump began his war on trade. But right now it’s at the same 97 index level as when Trump was elected. Recall that...
by irdadmin | Dec 6, 2018 | Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
If the “risk on/risk off” stock market meme was absurd, its derivative – the “trade war on/trade war off” meme – is idiotic. Over the last several weeks, the stock market has gyrated around media sound bytes, typically dropped by...
