by irdadmin | Jul 18, 2019 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
My friend and colleague, Chris Powell, Treasurer of GATA, wrote a compelling essay on Modern Monetary Theory. MMT has been in operation by the western Central Banks since Bretton Woods. The “QE” program that began in 2008 is the most recent and blatant...
by irdadmin | Jul 14, 2019 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
“I don’t think it’s any coincidence that gold runs from $1285 to as high as $1445 around the time that all the news about Deutsche Bank started coming out” [the failure to merge with Commerzbank followed by the “good bank / bad...
by irdadmin | Jul 11, 2019 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
“You’ve assigned us the job of two direct, real-economy objectives: maximum employment, stable prices. If you assigned us [to] stabilize the dollar price of gold, monetary policy could do that, but the other things would fluctuate and we wouldn’t...
by irdadmin | Jul 8, 2019 | Financial Markets, Gold, Market Manipulation, Precious Metals
Gold tends to perform the best when the real rate of interest (interest rates minus the real inflation rate) is negative. For now, the Central Banks have been able to contain the movement of gold in order to prevent the price from doing what it should be doing when...
by irdadmin | Jul 5, 2019 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
Today’s attack on gold and silver was one of the most predictable in my 18 years of involvement in the precious metals sector. On Wednesday just before the close of the NYSE, I loaded up at-the-money puts on NUGT that expire today. I sold them right after the...
by irdadmin | Jul 2, 2019 | Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
The Chinese have been slowly trading out of their U.S. dollar exposure and converting it to gold. Something a lot of analysts don’t pay attention to because they don’t even know what the facts are [with regard to the actual amount of physical gold held by...
