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David Schectman

David Schectman


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.

Your “Cash” Is Currency…. My “Cash” Is Gold And Silver.

J.P. Morgan Private Bank published an interesting investment-strategy note in July. It was titled “Is the dollar’s “exorbitant privilege” coming to an end?” It explored the US dollar’s longstanding status as the world’s dominant reserve currency, which is waning. The conclusion reached was “we believe the dollar could lose its status as the world’s dominant currency (which could see it depreciate over the medium term) due to structural reasons as well as cyclical impediments.” – Adam Hamilton Silver was closed at $17.08 spot, up 65.5 cents from Tuesday. Net volume was the highest I’ve ever seen in this precious metal at just over 147,500 contracts. – Ed Steer  David’s Commentary (In Blue): All these gains in gold and silver and the retail buyer still haven’t showed up at the party. Gold and silver sales from the U.S. Mint are at a near standstill. Our wholesalers tell us they’ve never experienced business this slow. You wouldn’t know it here at Miles Franklin. Our business has been robust. Go figure. Hats off to our loyal clients. The retail business (especially in the U.S.) is the tail of the elephant. For now, the demand is for paper gold and silver in...

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Manipulation Has the Upper Hand for Now

Just about the time I was starting to wonder what happened to Larry Edelson, up pops his latest release. He starts off with the prediction that the bull market is not over and gold will top $5,000 but first, gold will test the $1,000 level by the end of the year or by next spring – then, off to the races.

Inflation or Deflation?

I recently sent an email to a friend who is seriously involved in the stock market. He still watches Kramer and two other shows on CNBC. He never misses a single day. I pointed out that a lot of investors have left the stock market and no longer watch CNBC. He replied, “Good, that means there are fewer people to buy the stocks I want so they will be cheaper.”

The Demise of the Dollar

I have a great deal of respect for Ted Butler and his first rate analysis of the silver market. I feature his quotes three times a week. Well, in Today’s Featured Articles Section below, Butler finally comes around and acknowledges that the silver market is manipulated.

Inflation Is Headed Our Way

My feelings all along were that when the ever-swelling “beneath the Middle Class” segment of Americans who subsist on unemployment and welfare checks can no longer afford the basics –medicine, housing and food – any “spark” will ignite more “Fergusons” across America.

More Potential “Black Swans” Out There

We had our 50th wedding anniversary on Saturday. We have a hard time believing that 50 years can go by so quickly. Here is a picture below of my wife Susan (on the right) with her two best Minneapolis friends, followed by a picture of me with two of my oldest and closest friends

Quotes of the Day

“My prediction for the rest of the year is for gold to go higher, but in a choppy fashion. The last time that we talked, gold, silver, and a large number of resource equities had just experienced a quick run-up. At the time, I suggested that the market probably needed...

Truth Is Gold Has Already Bottomed

My wife didn’t seem to understand the difference between “the bottom is in” and “there could be another correction.” If Susan is confused on this issue, I figure many of our readers are, because Susan is very up on what is happening.

Why Did Gold Go Up $50 Last Thursday?

Could it be that the markets are sensing that inflation is becoming a real problem in America? Are the big money boys finally starting to realize that the Federal Reserve is creating dollars out of thin air and it will become inflationary? Maybe so.

New Highs Will Be Achieved In Silver

Jim Sinclair predicts that the bottom in gold is definitely in and gold could hit $1,550 this summer and $1900 – $2,000 is in its sights in 2014. Silver is gold on steroids. It goes up faster when gold is rising and it falls harder when gold is correcting. New highs will be achieved in silver in 2014.

It’s An Easy Call

We are contemplating a new policy here at Miles Franklin. Should we PAY YOU for buying gold and silver from us? No firm decision has been made at this time, but hey, if it’s good enough for Draghi and the EU banks, maybe they’re onto something big over there. We will explore all options.

The Bottom Is In and the Move Up Is Here

Larry Edelson is now profoundly bullish on gold. The bottom is in and the move up is here, now. His predicted bottom, around $1,000 never materialized, but it is nice to see his near three-year bearish stance on gold has flipped back to bullishness.

Gold And Silver Perform Best during Periods of Uncertainty

I am no expert on this subject, but I have heard from friends who are in “the trenches” that Obamacare is a disaster. Our closest friend in Miami is a very successful cardiologist. He bemoans the fact that they now have to wait for months to get paid for their claims by the insurance companies. It’s never been this bad. He says Obamacare is forcing many doctors out of business.