Mining Stocks Rebound; Craig Hemke: Silver Manipulation Like NEVER Before

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up you’ll hear a tremendous interview with Craig Hemke of the TF Metals Report. Craig pulls no punches in calling out the foolish speculators who inadvertently perpetuated the silver price manipulating schemes by continuing to make bad bet after bad bet in the futures market. He’ll explain what’s been happening and what it will take to bring the whole flawed price discovery mechanism down. You simply will not want to miss a truly fantastic interview with Craig Hemke, coming up after this week’s market update. Despite a rough several […]

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Baltimore Has Become A Rotting, Decaying War Zone As A Raging Opioid Epidemic Eats Away At The City Like Cancer

It is hard to believe that Baltimore was once one of the greatest cities in the entire world.  Unlike nearby Washington D.C., Baltimore is a blue collar city that is home to some of the hardest working people in America.  When I was in high school, my brother and I were huge fans of the Baltimore Orioles, and once in a while our parents would drive us from our home in Virginia all the way up to Baltimore to see them play.  As an adult, I spent a number of years living near D.C., and I would take frequent trips […]

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Time to Think Like a Surfer

I took up surfing in my early 30s. It didn’t last long. But I learned a tremendous amount from the experience (least of which is that I suck at surfing). Well, it’s time to think like a surfer. Your sole focus is to catch the wave. The best surfers can see the waves building, just like we can in the markets, but they only care about where the biggest, best waves will crash. That’s where you get the ride. And if you catch the biggest wave in the right place, you get the ride of a lifetime. Look at this […]

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The Economy Is Like a Circus

The economy is like a circus. It comes to town, and eventually it leaves town. We get paid in tickets to this circus. As long as the circus stays in town, we can use our tickets. Once the circus leaves town, we are pretty much out of luck.1 The reason the circus stays in town is because the economy stays in sufficient balance that the economy can go on. This is much like the way many other self-organized systems function. For example, our bodies continue to function as long as there are suitable balances in many different areas (oxygen, food, […]

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What Is America Going To Look Like When Stocks, Home Prices And Even Used Cars All Crash By At Least 50 Percent?

Have you ever thought about what comes after the bubble?  In 2008 we got a short preview of what life will be like, but most Americans seem to have come to the conclusion that the last financial crisis was just a minor bump in the road toward endless economic prosperity.  But of course the truth is that the ridiculously high debt-fueled standard of living that we are enjoying now is not sustainable, and after this bubble bursts it will be an extremely painful adjustment for our society. Since the last financial crisis, the U.S. national debt has nearly doubled, corporate […]

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With Friends Like These…

Cartels are a tough thing. The goal is for a small group of influential producers to artificially move a market away from its normal equilibrium, and eventually squeeze more money from buyers to boost profits. Members rely on each other to do their part, be it charging higher prices, holding back supply, or flooding the market to drive out marginal players. At their core, cartels require people who want to steal more profit from buyers through false market signals to believe each member will do its part. There’s an inherent fear involved: If you’re willing to steal from clients, why […]

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Gold and Silver Are Like a Blue-Ringed Octopus…

The primary investing emotion “twin dragons” are fear and greed. Greed, a powerful motivator, can turn on a dime and change into fear – of loss or even fear of missing out. Most people start by watching a market rise, afraid to risk taking a position. After the uptrend has become well-established, the “Lookie Lou’s” finally go into action. Having been “short-term bearish,” they “get long” or go “all in,” “backing up the truck.” Sure enough – soon thereafter the price plunges. What they initially viewed as just “a correction” may turn into a long-term top. Either way, the fear […]

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My Strategy for Retirement: It’s Not Like Yours and Shouldn’t Be!

I think most of you intuit that I’m not like the normal guy out there. I think outside the box, analyze everything, respect and revere cycles as much as I hate them for their downside and discipline. The truth is, I’m an entrepreneur, more than I am an economist. In fact, I think economics is mostly a load of B.S., and there are only three classical economists I pay any attention to: Dr. Lacy Hunt, Steve Keen, and Robert Shiller. As an entrepreneur that just happened to trip onto demographics while consulting to entrepreneurial businesses in the 1980s, I found […]

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During The Trump Era, Will Men Finally Start Acting Like Men Again?

One of the primary reasons why Donald Trump is in the White House today is because he didn’t act like a typical wimpy politician during the campaign.  The American people were hungry for someone who is strong, someone who is a fighter and someone who will stand up for what he believes.  In other words, they wanted a man and not a wimp.  Yes, Donald Trump has done and said some things that are very regrettable over the years, but many Americans were willing to overlook those imperfections because at least he was willing to go to battle.  Now that […]

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Like Clinton’s Campaign, Will The Much-Hyped Inauguration Protests End Up Being A Giant Failure For The Left?

Over the past couple of months, the radical left has been endlessly hyping the protests against Donald Trump on January 20th and January 21st.  We have been told that half the population absolutely hates Donald Trump and that Washington D.C. will be filled with angry protesters that are ready to take their country back.  So where are they?  The radical left tends to talk a good game, but when it comes time for action they often come up way short.  At this point, it appears that the much-hyped “war in the streets” that they were promising is going to be […]

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