by irdadmin | Aug 28, 2020 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
“After thinking about it all day, I’m still not quite sure this isn’t a joke; a high-brow commitment of utterly brilliant performance art, the kind of Four-D masterpiece of hilarious deception that Andy Kaufman would’ve gone nuts over. I mean, it has to be,...
by irdadmin | Aug 23, 2020 | Financial Markets, Gold, Market Manipulation, U.S. Economy
Who cares why Buffet bought Barrick shares? It’s an infinitesimal percentage of Berkshire Hathaway’s market cap. Even if Barrick triples from here, it will have no affect on the investment performance of Berkshire. However, I believe it’s a good...
by irdadmin | Aug 21, 2020 | Financial Markets, Gold, Market Manipulation, Precious Metals
Eventually – and I want to emphasize “eventually” – the precious metals sector will do what the tech sector/Nasdaq is doing right now. That is to say will undergo a blow-off top that will take gold, silver and mining stocks to all-time highs. ...
by irdadmin | Aug 20, 2020 | Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
The DJUSHB (Dow Jones Home Construction Index) hit an all-time high on Thursday. The previous ATH was in July 2005. The current SAAR (seasonally adjusted annualized rate) for existing home sales as of the June report is 4.2 million. It’s the lowest sales rate...
by irdadmin | Aug 18, 2020 | Financial Markets, Gold, Market Manipulation, Precious Metals
The news that Warren Buffet took a stake in Barrick Gold stimulated animal spirits in the precious sector on Monday. To be sure, this was a factor in the move on Monday. However the precious metals are starting to price in the next round of money printing by the Fed...
