by irdadmin | Dec 27, 2019 | Financial Markets, Gold, Market Manipulation, Precious Metals
Early 2000 was the last time the the Amex Gold Bugs Index (HUI) / SPX ratio was as low as it is now. That bottom occurred as the tech/dot.com bubble was popping. Oh, what a coincidence. By many indicators, the current stock market bubble will likely pop soon and it...
by irdadmin | Sep 23, 2019 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
It would be difficult to find a chart with a more bullish set-up than that of GDX unless it was a chart of the imminent move higher in the U.S. dollar money supply: The Fed was unable to move the Fed funds rate within 50% of the long term average...
by irdadmin | Jan 4, 2019 | Financial Markets, Gold, Market Manipulation, Precious Metals
Silver is up 12.4% since November 11th, gold is up 9.3% since August 15th. But the GDX mining stock ETF is up 21.4 % since September 11th. GDX is actually up 71% since mid- January 2016. By comparison, the SPX is up just 34% over the same time period (Jan 19th,...
by irdadmin | Mar 26, 2018 | Financial Markets, Gold, Precious Metals
It feels like were at the point in the “correction” cycle in which the mining stocks are reluctantly going lower. I also believe that aggressive hedge funds looking to buy at this level are trying to push the stocks down in early trading in order to induce...
by irdadmin | Aug 10, 2016 | Financial Markets, Gold, Precious Metals
I’ve been pounding the table since late January that the third leg of the gold and silver bull market had started in mid-December. It’s also been quite clear to me that the western Central Banks had lost their ability to push the price of gold/silver...
