by irdadmin | Jul 5, 2017 | Financial Markets, Market Manipulation, U.S. Economy
June auto sales on a “SAAR” basis (seasonally adjusted annualized rate) fell 1.2% from May to 16.5 million “SAAR.” The non-SAAR number available from sources like Autonews.com show a 3% year over year drop from June 2016. The year over year...
by irdadmin | Jul 3, 2017 | Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
Something ugly could be hitting the financial/economic system soon. To blatantly hit gold like this when no one is around is a sign of desperation. The FANGS had an brutal reversal today despite the squeeze higher in the broad indices. TSLA soared early on Elon...
by irdadmin | Jul 1, 2017 | Financial Markets, Market Manipulation, U.S. Economy
Jason Burack (Wall St for Main St) interviews notable Tesla bear, Mark Spiegel. As readers know, I’m in agreement with Spiegel in thinking Tesla stock is worth zero. In fact, I’ve stated publicly that I’m trying to decide if the world’s...
by irdadmin | Jun 30, 2017 | Financial Markets, Market Manipulation, U.S. Economy
After it was announced that the Fed gave the big banks a pass on their “stress” test, the TBTFs announced huge dividend and share buyback plans: If the banks had properly marked to market their Level 3 assets and some of their riskiest non-Level 3 assets,...
by irdadmin | Jun 30, 2017 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
“It’s unequivocal now: We are taking money from the new employees and using it to pay off this liability for the old employees,” said Turner, a Gov. John Hickenlooper appointee. “And some might call that a Ponzi scheme.” – Denver Post, 6/27/17 The people in...
by irdadmin | Jun 29, 2017 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
It looks like the western Central Banks are having trouble pushing gold below $1240 right now. After series of high lows in the price of gold since late December, it looks like there’s chance gold is forming the base for the next attempted assault on $1300. At...
