by irdadmin | Sep 13, 2021 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
The gold price ran from $1,265 at the beginning of May 2019 to $2,089 in early August 2020. That’s a 65% move 15 months. Over that period of time gold outperformed every financial asset class. To some extent, the move was anticipating the price inflation...
by irdadmin | Sep 9, 2021 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
It’s my predilection to believe that the Fed not only will not taper but will eventually be forced to increase the amount of money it is printing, I believe we’ll see the mining stocks outperform the general stock market by a wide margin over the next 12...
by irdadmin | Sep 3, 2021 | Financial Markets, Market Manipulation, Precious Metals, U.S. Economy
The chart above shows the gold/HUI ratio going back to 2001. I would have used GDX but I wanted to take the graph back to beginning of the precious metals bull market and GDX didn’t start trading until May 2006. It’s not perfect, but in general when the...
by irdadmin | Aug 23, 2021 | Financial Markets, Gold, Market Manipulation, U.S. Economy
Wall Street on Parade has discovered that three of the Fed’s programs used to monetize bad assets on the big Wall Street Bank balance sheets have been removed from the Fed’s monthly reports to Congress. The programs were legacy bailout facilities from the...
by irdadmin | Aug 12, 2021 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
“The concept of transitory is really this: it is that, uh, the increases will happen. We’re not saying they will reverse. That’s not what transitory means. It means that the increases in prices will happen, so there will be inflation, but that the...
by irdadmin | Aug 9, 2021 | Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
In the last FOMC policy announcement, the Fed announced that it is establishing a “standing” $500 billion repo facility open to domestic and foreign banks. A repo facility provides overnight or short term liquidity to the banking system. It moves liquidity...
