by irdadmin | Jan 29, 2019 | Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
“The economic and financial condition of the U.S. and global economy is similar to that of 2008, although I think now it’s a lot worse than it was back then…the ‘gravity’ of true fundamentals has finally gotten ahold of...
by irdadmin | Jan 26, 2019 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
First it was the loudly broadcast convening of the Working Group on Financial Markets – aka “the Plunge Protection Team” – by the PPT’s el Jefe, Steven Mnuchin. This was followed the “mouse that roared” speech from Fed head,...
by irdadmin | Jan 22, 2019 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
The Newmont/Goldcorp merger is the second mega-deal in the industry after Barrick acquired RandGold in September. Without question, the two deals reflect the growing need for large gold and silver mining companies to replace reserves, which are being depleted at these...
by irdadmin | Jan 17, 2019 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
The post-Christmas stock rally extended through Wednesday as the small-cap and tech stocks led the way, with the Russell 2000 up 14.3% and the Nasdaq up 12.5%. The SPX and Dow are up 10.4% and 10.1% respectively. During the stretch between December 26th and January...
by irdadmin | Jan 9, 2019 | Financial Markets, Gold, Housing Market, Market Manipulation, U.S. Economy
The stock market has gone “Roman Candle” since Fed Chairman, Jerome Powell, gave a speech that was interpreted as a precursor to the Fed softening its stance on monetary policy. Not that intermittent quarter-point Fed Funds rate nudges higher or a barely...
by irdadmin | Jan 7, 2019 | Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
The stock market has become the United States’ “sacred cow.” For some reason stock prices have become synonymous with economic growth and prosperity. In truth, the stock market is nothing more than a reflection of the inflation/currency devaluation...
