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David Schectman

David Schectman

CEO

Prior to founding Miles Franklin, David was a Senior Broker at a well-known firm where trained the firm’s 60 plus brokers in economic theory and appeared regularly on national radio and at major investment seminars. David continues to educate buyers and provide investment strategies through blog posts and contributions to the Miles Franklin Newsletter.

Side-Step the Financial and Political Circus

David’s Commentary It’s a small sample size, but recently, gold and silver started to move up along with the stock market is. In the big picture, gold and the Dow move in opposite directions. Who are buying stocks now? The hedge funds will buy and sell on a headline, A quote from the Fed or on major moving average changes, but I can’t help but wonder if a nudge or two from the PPT to halt and fall and get it moving up isn’t the real energy behind this? That’s right out of JPMorgan’s playbook. Silver is such a small market that it is easy for JPMorgan to short silver until the price drops sufficiently for the managed money hedge funds to join in on the selling. They are the momentum moving the market, or specifically in this case, capping the rallies. There is no “long-term” to this market. It’s a day-traders play pen. Even if stocks move up, in the short-term, if you participate you are playing a form of Russian Roulette. Just hope that you can get out before it’s too late. At some point, a pull back or correction will turn out to be a collapse. Just like silver in 2012 The end game is clear. Debt is being monetized globally and every currency in the world is expanding...



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Side-Step the Financial and Political Circus

David's Commentary It’s a small sample size, but recently, gold and silver started to move up along with the stock market is. In the big picture, gold and the Dow move in opposite directions. Who are buying stocks now? The hedge funds will buy and sell on a headline,...

Mass Psychology Moves Markets

David's Commentary: Mass psychology moves markets. And the masses are influenced by Wall Street and financial advisors, neither of whom give a rip about gold and silver. As for the big hedge funds, most buy and sell based on the trend in motion. And for stocks, it has...

Where Are All The Young People?

"If the powers-that-be weren't propping up everything paper that wanted to crash and burn -- and suppressing the prices of everything physical that wanted to blast to the moon and the stars, the world's economic, financial and monetary system would be a smouldering...

It Is A Fact That History Repeats Itself

If one offered investors a fat tail put option that never decays or expires, costs about -1% pa to carry, has no counter party risk & no chance of ever becoming worthless, there would be a line out the door. But when one explains that this option is physical gold......

David's Commentary: This morning I was reading the paper, and asked myself why? Apart from my beloved sports page, it’s full of the same old meaningless crap. I turned toward Susan and asked her, “Is there anything in today’s paper that’s fundamentally different from...

Half The People in the U.S. Will Not Be Happy

David's Commentary: You will be reading a lot about the mid-term elections in the coming days. No matter how it plays out, half the people in the U.S. will not be happy. Maybe the best result would be for the Democrats to take either the House or the Senate. That way,...

The Big Picture

David's Commentary: I receive a lot of Emails from our readers. I try and answer all of them. Every so often, I get one that will resonate with our audience.  Here is the Email: From: Arlie S Subject: Re: Stuck in the Twentieth Century Good morning David, I have...

Stuck In The Twentieth Century

David's Commentary: For the last 35 years hardly a day has gone by that I didn’t spent time reading about the economy, precious metals, the dollar and much more. I learned to process the information through a “doom and gloom” filter. Fortunately, although there have...

The Right Question…

Last week I mentioned that my grandson Josh (Andy’s boy) was accepted at McGill University in Montreal, the University of Indiana’s business school and the University of Michigan.  He is interested in pursuing a degree in business and is taking all the requisite...

Important Message From David Schectman

Andy Hoffman will no longer be contributing to our newsletter or blog for Miles Franklin.  We appreciate everything Andy has done for Miles Franklin.  He is very talented, and encyclopedic when it comes to facts and past industry history. I discovered Andy nearly a...