by irdadmin | Jul 25, 2019 | Financial Markets, Gold, Market Manipulation, Precious Metals
Currently gold and silver are behaving in a way that I have not seen since late 2008. The gold open interest on the Comex is near a record high (657,776 on July 11, 2016). The Comex banks continue pile into the short side while the hedge funds pile into the long side....
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 | Jun 29, 2019 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
After dancing around the $1350 level (August futures basis) the price of gold launched in three stages after the FOMC circus was over on June 19th. The first move enabled gold to break above and hold the $1360 area of resistance that has been referenced ad nauseum for...
by irdadmin | Jun 24, 2019 | Financial Markets, Gold, Market Manipulation, Precious Metals
Short of a raid orchestrated by the central planners to fasten tighter the cap on gold (which remains a real possibility given the historical record), the yellow metal shouldn’t encounter much price resistance until above $1,500/oz. – Adam Taggart, Peak...
