by irdadmin | Dec 3, 2020 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
The appointment of Janet Yellen as Treasury Secretary fully removes the “Chinese Wall” that is supposed to separate the Fed and the Government. I believe her appointment signals a decision to transition monetary policy into the unfettered implementation of...
by irdadmin | Dec 1, 2020 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
“As I always bore people with: The true numbers, location, and disposition of national gold reserves are secrets far more sensitive than the true numbers, location, and disposition of nuclear weapons.” – Chris Powell, Treasurer of GATA I love that...
by irdadmin | Nov 20, 2020 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
It’s obvious that the Fed, along with its bullion bank market emissaries, has been working hard to keep a lid on the price of gold. From the vertical “zip lines” in the chart over the past two weeks, the price management team is also making every...
by irdadmin | Nov 18, 2020 | Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
As of last week, the Federal Reserve now owns 16.5% of the total amount of Treasuries outstanding and 18.5% of the total amount of mortgage-backed bonds outstanding. With out this massive amount of Fed intervention, interest rates would be significantly higher and...
by irdadmin | Nov 13, 2020 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
Despite the pervasive and omnipresent manipulation of the gold price implemented in the paper derivatives gold market – which in no way reflects the true supply/demand characteristics of the underlying market for physical gold and silver – gold has been...
by irdadmin | Nov 10, 2020 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
The advance estimate of Q3 GDP was released on Thursday, October 29th. The headline number was 33.1% (annualized rate) vs 31% expected and negative 31.4% for Q2. This was John Williams’ (Shadowstats.com) comment on the headline number: “ShadowStats...