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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.

Who is behind the manipulation of the gold and silver market?

David’s Commentary: Since the election, I have spoken to a few of my friends and family. That group includes die-hard conservatives and liberals. No one is happy about the results. The liberals wanted to make a more dramatic statement in the House and they wanted to take control of the Senate. The conservatives are in morning because they lost the House, but at least they believe they can get one or two more appointments to the Supreme Court. I say, anything that causes gridlock is a good thing. My hope is that the stock market reacts by pulling back – hard. The only winners I care about are gold and silver. Who is behind the manipulation of the gold and silver market? Ted Butler says it’s JPM. Bill Murphy says it’s the Fed and Treasury. Doug Casey says people like Murphy and Butler wear tin hats and that there is no manipulation. I remember a meeting I had with Bill Fleckenstein several years ago. He said, “David, to the traders, gold and silver are just ‘things.’ They have no special meeting. There is no manipulation, they are just trading like any commodity, like orange juice or oil. I say, who cares. The 11-year bull market in precious metals (2000 – 2011) evolved in...



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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...

Historical Review

I keep hearing comments about how poorly gold has performed compared to the stock market. "If I had only put my money into the stock market instead of gold, I'd be far better off." Yes, that is true if you knew how the stock market and gold would have performed in...

Early Morning Thoughts

I got up early this morning – 5:30 Eastern Time here in Boca Grande, FL.  Gold was up $12.30 to $1073.30.  Silver was up $0.14 to $13.97.  That’s a nice way to start off the New Year. Susan and I have been staying with our friends Jim and Diane Cook in Boca Grande...

Response To Martin Armstrong’s Comments

One of our clients sent us a quote from Martin Armstrong (Armstrong Economics) and asked us what we though about it. Here is what Armstrong wrote: Quote from Armstrong Economics Blog "Dealers will not ship any coins, even collector coins, to Minnesota. Why? Because...

Central Banks Could Lose Control of Fiat Money Creation

Why did gold and silver get hammered during the low volume trading hours leading up to Thanksgiving? My friend, Trader David R, who is a professional trader with a view from the inside says, “The commodity funds sold gold and silver to raise capital to meet their massive margin calls on underwater positions in commodities – especially oil and copper.“

Smart Money Knows Where This Is Headed

This recent mid-term election offers all the proof you need to see that most Americans are fed up with the way things are headed. They may not know the reality of it (as hopefully you do), but they know things are not headed in the right direction.

Deflation Is On Our Doorstep

I have been reading many articles that state deflation is on our doorstep and inflation is no longer a concern. Harry Dent is one of the strongest proponents of deflation. And the Elliott Wave crown has re-surfaced.