The Gold and Silver Uber-Bull Run Is Upon Us

The Gold and Silver Uber-Bull Run Is Upon Us By David Smith GLD (SPDR Gold Shares NYSE) is the world’s largest gold-centric Exchange Traded Fund (ETF). On Friday June 21, 2019 – one day after The Gold and Silver Volcano is Ready to Erupt was posted on this site – a record single day’s inflow (gold buying) of over $1.5 billion took place. This stampede, led by hedge funds and “algos” (automated computer buy/sell programs based upon volume flows and trigger price points) involved dollar amounts substantially eclipsing the record…

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Inflation: The People’s Enemy. The Government’s Friend.

Inflation: The People’s Enemy. The Government’s Friend. By David Smith “When you can lie about money, you can lie about anything.” ~David Morgan We can argue about the definition(s) of inflation until the cows come home – some economists spend a career trying to nail it down. But for clarity’s sake, we’ll use the definition of the Austrian School (Mises.org) as an increase in the money supply. This is really the correct one, regardless of any bias of dogma, “schooling” or the mainstream media. Although most everyone defines inflation as…

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