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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.

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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One Begins To Wonder…Will It Ever End?

David's Commentary: It should come as no surprise that gold and its sibling, silver, have been pulling back recently. I have written several articles recently that built the case that for gold to move up two things need to happen. The stock market has to fall and the...

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...

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,...