by irdadmin | Aug 21, 2020 | Financial Markets, Gold, Market Manipulation, Precious Metals
Eventually – and I want to emphasize “eventually” – the precious metals sector will do what the tech sector/Nasdaq is doing right now. That is to say will undergo a blow-off top that will take gold, silver and mining stocks to all-time highs. ...
by irdadmin | Aug 20, 2020 | Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
The DJUSHB (Dow Jones Home Construction Index) hit an all-time high on Thursday. The previous ATH was in July 2005. The current SAAR (seasonally adjusted annualized rate) for existing home sales as of the June report is 4.2 million. It’s the lowest sales rate...
by irdadmin | Aug 18, 2020 | Financial Markets, Gold, Market Manipulation, Precious Metals
The news that Warren Buffet took a stake in Barrick Gold stimulated animal spirits in the precious sector on Monday. To be sure, this was a factor in the move on Monday. However the precious metals are starting to price in the next round of money printing by the Fed...
by irdadmin | Aug 12, 2020 | Financial Markets, Gold, Market Manipulation, Precious Metals
The media campaign against gold continues. With Congress ordering magical fiscal bailouts from the Treasury, Trump conjuring up continued $600 weekly unemployment payments by executive order, and the Fed adding assets of every dubious stripe to its swollen $7 trillion...
by irdadmin | Aug 7, 2020 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
“…unprecedented monetary stimulus is fueling asset bubbles and corporate debt addiction — rendering interest-rate hikes impossible without an economic crash…gold could rise to $3,000 to $5,000 an ounce in the next three to five years” – Diego...
by irdadmin | Jul 30, 2020 | Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
“Elon Musk has personified the hopes and dreams of this bull market; Tesla burnishes its results through aggressive accounting; it’s a culture of deception because it is selling self-driving, which doesn’t yet exist.” – Jim Chanos from “We Are In The...
