
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.
by David Schectman | Aug 19, 2019 | Articles | 0 Comments
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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Your “Cash” Is Currency…. My “Cash” Is Gold And Silver.
by David Schectman | Aug 19, 2019 | Articles | 0 Comments
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...
Opportunity knocks!
by David Schectman | May 15, 2019 | Articles | 0 Comments
For the full article, please click here!
As March 29th Approaches Central Banks Around the World Are Buying Gold – WHY?
by David Schectman | Mar 20, 2019 | Articles | 0 Comments
David's Commentary (In Blue) I am on vacation this week and most of next week. I will be publishing my column just once this week and, only on Wednesday next week. I plan to be back to twice a week in April. China just printed a trillion new dollars - in one month....
Preview | Print As March 29th Approaches Central Banks Around the World Are Buying Gold – WHY?
by David Schectman | Mar 20, 2019 | Articles | 0 Comments
David's Commentary (In Blue) I am on vacation this week and most of next week. I will be publishing my column just once this week and, only on Wednesday next week. I plan to be back to twice a week in April. China just printed a trillion new dollars - in one...
One Begins To Wonder…Will It Ever End?
by David Schectman | Mar 6, 2019 | Articles | 0 Comments
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
by David Schectman | Jan 15, 2019 | Articles | 0 Comments
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 Typical 20% Correction…But This Time Is It Really Going To Be Typical?
by David Schectman | Jan 9, 2019 | Articles | 0 Comments
Davids Commentary: It is commonplace that investors believe that the current stock market (let’s use the Dow average here) plunge will end up as another “typical” 20% correction. But is it really “typical?" With no special knowledge where it is heading I believe we...
Mass Psychology Moves Markets
by David Schectman | Jan 3, 2019 | Articles | 0 Comments
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?
by David Schectman | Dec 17, 2018 | Articles | 0 Comments
"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
by David Schectman | Dec 12, 2018 | Articles | 0 Comments
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...
by David Schectman | Dec 5, 2018 | Articles | 0 Comments
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...
JP Morgan is Being Investigated for PRICE FIXING by the Department of Justice (DOC)
by David Schectman | Nov 28, 2018 | Articles | 0 Comments
David's Commentary Under normal conditions, gold and silver pretty much march along to the same drummer. But I expect it will be different, as we move ahead into 2019. The price of silver is no longer following the price of gold in a “normal” manner. The 86 to 1...
It’s Time To Slow Down, Take A Depp Breath And Be Thankful For What We Do Have
by David Schectman | Nov 21, 2018 | Articles | 0 Comments
David's Commentary: Miles Franklin wishes you a Happy Thanksgiving We will close early today at 2:00 and will re-open again on Monday morning. It’s that time of year when we take a day off and eat turkey, and think about how good most of us have it here in America....
Who is behind the manipulation of the gold and silver market?
by David Schectman | Nov 8, 2018 | Articles | 0 Comments
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...
Half The People in the U.S. Will Not Be Happy
by David Schectman | Nov 6, 2018 | Articles | 0 Comments
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,...