by irdadmin | Jan 6, 2022 | Financial Markets, Gold, Market Manipulation, Precious Metals
The mining stocks as an asset class are as cheap as they’ve been relative to the rest of the stock market since 2002. Back then the gold price was $300 and silver was below $5. The mining stocks are also historically cheap relative to the prices of gold and...
by irdadmin | Jan 4, 2022 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
Without question, investing in the precious metals sector has been a pain in the ass for nearly the entire 20 years I’ve been involved. The official intervention, which has become shamelessly blatant, is the primary reason. But eventually the money printing and...
by irdadmin | Dec 31, 2021 | Financial Markets, Gold, Market Manipulation, Precious Metals
From the thank you note sent to me: “We badly need the help, so much of the monetary metals industry remaining demoralized and anxious amid the increased price-suppression efforts of government and central banks. The constant attacks on gold and silver over the...
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 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 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...
