by irdadmin | Sep 3, 2021 | Financial Markets, Market Manipulation, Precious Metals, U.S. Economy
The chart above shows the gold/HUI ratio going back to 2001. I would have used GDX but I wanted to take the graph back to beginning of the precious metals bull market and GDX didn’t start trading until May 2006. It’s not perfect, but in general when the...
by irdadmin | Aug 9, 2021 | Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
In the last FOMC policy announcement, the Fed announced that it is establishing a “standing” $500 billion repo facility open to domestic and foreign banks. A repo facility provides overnight or short term liquidity to the banking system. It moves liquidity...
by irdadmin | Aug 2, 2021 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
Silver and gold have been under intense attack in the paper silver/gold derivative markets (Comex, OTC derivatives) and the London unallocated phony physical bullion market since August 2020. But I believe that is about to end. The precious metals sector was...
by irdadmin | Jul 29, 2021 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
I ordinarily do not spend time reading the FOMC policy statement after it’s released, saving that brain damage for CNBC. But I read the June release to assess for myself whether or not the Fed had tilted toward a more “hawkish” policy stance and...
by irdadmin | Jul 23, 2021 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
The precious metals sector has been extremely irritating, if not outright agitating since May. Compounding the frustration is the fact that the fundamentals supporting the sector have never been stronger. These factors include negative interest rates, the Fed’s...
