by irdadmin | Jun 17, 2020 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
This market reminds me of the late 1999/early 2000 tech bubble. But back then it was primarily the Nasdaq that bubbled up. This time around the absurd dislocation between value and reality is more comprehensive. It’s not just tech stocks but also non-tech...
by irdadmin | Jun 16, 2020 | Financial Markets, Market Manipulation, U.S. Economy
The stock market promoting mainstream media this morning reported “U.S. Retail Sales Rose Record 18% in May” (e.g. the Wall St Journal). The S&P futures jumped from up 45 points to up 90 points. But, as usual, the details are in the fine print of the...
by irdadmin | Jun 15, 2020 | Financial Markets, Gold, Market Manipulation, U.S. Economy
“No one ever loses equity in a bankruptcy case,” U.S. Bankruptcy Judge David Jones said during a status conference in the J.C. Penney case last month. “Equity gets lost long before the case is filed.” Hertz filed Chapter 11 under the U.S. Bankruptcy Code after the...
by irdadmin | Jun 10, 2020 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
The bullion banks – at least on the Comex – have reduced their risk exposure to gold and silver derivatives over the last several months, which means reducing their short exposure. This is likely in response to the rising risk that they will be unable to...
by irdadmin | Jun 3, 2020 | Financial Markets, Gold, Precious Metals, U.S. Economy
The current financial and economic environment supporting a significant and durable move in the precious metals sector is similar to conditions in 2000 through 2008 that fueled the 11 year run from 2000 – 2011. Only this time those factors – Fed money...
by irdadmin | May 20, 2020 | Financial Markets, Gold, Precious Metals, U.S. Economy
The chart above speaks for itself. You could not find a more bullish chart set-up in the stock market. Note that the HUI/Dow ration bottomed out in late 2019 at the same level where it bottomed in late 2000. Most investors in this sector were not around for the...
