by irdadmin | Aug 9, 2019 | Financial Markets, Gold, Market Manipulation, Precious Metals
For the majority of the last 20 years, the western Central Banks, under the direction of the BIS, have been able to use the precious metals derivatives markets to “manage” the price of gold. As long as counterparties who are “synthetically”...
by irdadmin | May 14, 2019 | Financial Markets, Gold, Market Manipulation, Precious Metals
The price of gold soared over $13 Monday as flight-to-safety money flowed into the precious metals sector while the stock market went into a downward spiral. I see Monday’s market action as a preview of what’s in store going forward as price discovery once...
by irdadmin | Mar 21, 2019 | Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
“You’ve really seen the limits of monetary and fiscal policy in its ability to extend out a long boom period.” – Josh Friedman, Co-Chairman of Canyon Partners (a “deep value,” credit-driven hedge fund) The Fed’s abrupt policy...
by irdadmin | Dec 18, 2018 | Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
A friend asked me today what I thought Powell should do. I said, “the system is screwed. It ultimately doesn’t matter what anyone does. The money printing, credit creation and artificially low interest rates over the last 10 years has fueled the most...
by irdadmin | Nov 28, 2018 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
Housing and auto sales appear to have hit a wall over the last 8-12 weeks. To be sure, online holiday sales jumped significantly year over year, but brick-n-mortar sales were flat. The problem there: e-commerce is only about 10% of total retail sales. We...
