‘David Schectman’ Archives
Who got the 10 million ounces of gold that left GLD?
Read the Full Newsletter The three-headed monster. That's what you get, here at Miles Franklin. You get the commentary from David Schectman, founder; Ranting Andy Hoffman, Marketing Director; and Bill Holter, Cowboy, ex-Wall Street brokerage executive. We all follow the same industry icons (including John Williams, Jim Willie, Bill Murphy, Jim [...]
This is No Time to Throw in the Towel
Read the full newsletter Yesterday I received two emails from readers who are worried that the Fed will cut back on QE and they wondered if the bull market in gold is over. They have read all the reasons we present why this isn’t so, but this is a tough market to ride out. Oh, the Wall of Worry – it gets to people when their portfolio [...]
Can Gold Rise During Deflation?
Read the Full Newsletter The view that we are in deflation because the money the Fed pours into the banks isn’t making its way out the door in the form of business loans seems logical. Robert Martin-Williams believes that to be the case and I urge you to read his excellent article titled Staring Into the Abyss. But, that viewpoint assumes [...]
‘The Bull Market in Bonds is Over’
Read the full newsletter 'The Bull Market in Bonds is Over' (Bill Gross Tweets that the 30-year run is done.) Note the quote by Bill Gross, above. If the bond market’s Bull Run is over, then interest rates by definition must rise. Are rising interest rates a positive for the housing market? Are they good for the stock market? Do [...]
What do Zimbabwe and Weimar Germany have to do with the U.S. Dollar?
Read the full newsletter This may seem like a far-fetched example. What could Zimbabwe's stock market and failed currency possibly have in common with our economy and the dollar? Actually, a lot! Notice how the rise in Zimbabwe's "Dow" mirrors the growth in their money supply. Put another way, it was the creation of all that money that [...]
We Are Right!
READ THE FULL NEWSLETTER The following commentary from Richard Russell is as perfect of an analysis of what many of us face every day from the people around us that never bought into our view of gold, the dollar, the economy and the stock market. The smugness on their faces says it all. They need not rub it in. May 8 2013 Gold -- In all my [...]
The Fed Balance Sheet is Expanding Rapidly
READ THE FULL NEWSLETTER The following three charts are courtesy of David Rosenberg. Here is what they are telling us: The Fed, using the mechanism of QE, is purchasing hundreds of billions of dollars of shoddy assets from the TBTF banks. They are purchasing hundreds of billions of dollars of US Treasuries in order to keep [...]
Hand Holding 101
READ THE FULL NEWSLETTER For the sake of simplicity, let’s classify the people who own gold into three groups. There are the true believers, and they are in the minority. I classify myself in this camp. Then there are the people who start to lose faith as the price falls and they look for someone to blame for their (paper) losses. [...]
The Illusion Orchestrated by the Fed
This guy's video on YouTube has been so popular that Obama called him personally. He said he was very disturbed with the video and invited him to the White House. Obama also said he wanted the White House to handle the Press and not to talk about the video or the White House visit. That's very interesting. Watch it now before it's [...]
A Different Way to Look at Inflation Over the Last 45 Years
READ THE FULL NEWSLETTER Starting this year, an appalling 21 new taxes go into effect to pay for Obamacare. For starters, you'll pay more in capital gains taxes. And taxes on dividends are going up, too. Most Americans are already struggling to save for retirement... but all these new taxes are a real slap in the face to responsible citizens [...]
