by Dave Kranzler | Oct 7, 2019 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
On October 4th, as I expected would happen, the Fed announced that it was extending its overnight and term repo operations out to November 26th (the November 12th two-week term repo matures on the 26th). The Fed added 7 more 2-week “term repos, ” plus a...
by Dave Kranzler | Oct 2, 2019 | Financial Markets, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
“[Whatever] the repo failure involved, it is likely to prove a watershed moment, causing US bankers to more widely consider their exposure to counterparty risk and risky loans, particularly leveraged loans and their collateralised form in CLOs. a new banking...
by Dave Kranzler | Sep 23, 2019 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
It would be difficult to find a chart with a more bullish set-up than that of GDX unless it was a chart of the imminent move higher in the U.S. dollar money supply: The Fed was unable to move the Fed funds rate within 50% of the long term average...
by Dave Kranzler | Sep 19, 2019 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
“We can ignore reality, but we cannot ignore the consequences of ignoring reality.” – Ayn Rand Something big is happening beneath the surface of a Dow and S&P 500 trading near all-time highs. The soaring repo rate, more demand for overnight Fed funding loans...
by Dave Kranzler | Sep 16, 2019 | Financial Markets, Gold, Market Manipulation, Precious Metals
For anyone who has studied the issue in-depth, there’s no question that Governments and Central Banks interfere in the gold market (and silver). The motive is undeniable. Removing price discovery from the gold market enables the Central Banks to sustain the...
by Dave Kranzler | Sep 12, 2019 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
“As well as being modified by its specific supply and demand conditions, Gold’s time preference is essentially for its moneyness, represented by its use as a medium of exchange and store of value. The moneyness aspect links it to its exchange value for all...
