24
Jul

Is The National Debt Irrelevant And Gold A Barbarous Relic?

Synopsis Presidents campaign on promises to reduce an out of control national debt yet the debt keeps marching higher during every Presidents term. The National Debt has been irrelevant since the times of even before Reagan but escalated with Reagan. Why doesn’t the national debt matter? What will Fed interest rate policy be moving forward? Some mock gold as a …

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1
Jun

$50,000 Gold and John Exter’s Pyramid – Podcast

According to Wikipedia, John Exter was an American economist, member of the Board of Governors of the United States Federal Reserve System, and founder of the Central Bank of Sri Lanka. He is also known for creating Exter’s Pyramid (see graphic below). According to his son-in-law Barry Downs, who I had the pleasure of interviewing for this podcast, John Exter …

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29
May

Gold’s Last Stand Before Liftoff for the Summer

  The beginning of the month I wrote an article called Gold Bottom? Gold Bottom? – Current Thoughts for 5/1/2018 I wrote in that article; “we may still have one smaller move below $1,300 to possibly $1,280.” We got down to a closing low of 1288.30 on 5/18 and an intraday low of 1282.27 on 5/21. There should be no …

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11
Feb

What’s Next for Gold and the Markets and Rand Paul’s Epic Speech

Gold is hitting the bottom of it’s current downturn and is ready for a big move up. We have had some bad days for the stock market the last week and gold mining stocks got hit pretty hard too. But physical gold didn’t even break $1,300 on the downside. It is showing resilience despite most everything else selling off, like …

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13
Dec

Gold, One More Trip Lower Post Fed?

The following is from the Illusions of Wealth subscription service I run. It is tonight’s analysis and gives you some insight as to where gold is going presently. Presently we are offering a 1 month free trial to check it out. Today’s Trades and Current Positions (highlighted in yellow): Good day all around today. Special note that the two new …

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27
Nov

U.S. Mint 130% Premium Ripoff on Bullion Silver Eagle Coins Ignored By Wall Street Journal Article

I was interviewed the last couple months by an investigative reporter, Michael Rothfeld (see dates below), from the Wall Street Journal. His interest with me was my knowledge regarding the proof gold and silver coins investors put in an IRA. He said he happened to run across an old article I had written for Seeking Alpha in 2013 called; The Problem …

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11
Sep

National Debt Surpasses $20 Trillion and Gold Falls

Something doesn’t quite seem right, does it? The S&P rises to a record high and at the same time the National Debt surpasses $20 Trillion and gold falls from $1,339.30 to $1,325.60. What does CNBC say about the National Debt milestone? Nothing. It’s as if debts and deficits don’t matter to Wall St. Party on! Special shout out to the …

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25
Jun

Is Gold Ready To Break $1,300? How About $1,400?

I had been writing in the last couple weeks that we would be turning the corner higher in metals after the Fed and for this week we did move higher in metals and miners. This should continue but there are still some bumps in the rode unless we get gold over 1260 and silver over 16.80 and preferably 17. We …

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