Former Blog Contributor
Andy was a contributor to the Miles Franklin Newsletter and Blog from October 2011 to August 2017. Prior to joining the company, he spent 16 years on Wall Street, and five in the mining business. He has been writing free missives about Precious Metals, markets, and economics since 2004.
I wasn’t planning to write another article this week – as tomorrow morning (Friday), I’m taping a MUST LISTEN interview with one of the smartest investors in the Precious Metals/Cryptocurrency space; Edward Blake, the Renegade Investor. Not to mention, it’s the middle of August, and I have yet to take a day off from publishing all year. However, as we are living through what may well be a major inflection point in history – monetary and otherwise – I figured I’d pen a few thoughts. What the heck? Diana and Sylvie are visiting relatives in New York, so who’s going to stop me? Anyhow, the trading day just concluded – with the “market” finally allowed to have a real down day. But don’t worry, the “Dow Jones Propaganda Average” was down just 0.93%, whilst gold’s gains were capped by the equally time-honored “1% rule” for the second straight day. I mean, how could stocks possibly go down more than 1%; or gold up more than 1%; when we’re on the cusp of nuclear war – causing bond yields, oil prices, and the dollar to plunge, amidst unprecedentedly manipulated markets yielding “dotcom valuations in a Great Depression Era,” and the “lowest inflation-adjusted gold and silver prices...