Dave Kranzler on Gold, Housing and Silver

Dave Kranzler, from Investment Research Dynamics, is the kind of person you just like speaking with. He shoots straight, speaks in plain, easy to understand language and, most importantly, gosh-darn-it, he’s just a super nice guy.
Who is keeping the criminals on Wall Street criminals out of jail? Eric Holder? Is Covington/Burling, Eric Holders law firm, the most powerful law firm in the country? Remember, Holder was the Chief legal counsel for JPMorgan prior to becoming the Attorney General of the United States.
When was the last major gold deposit discovered, 10 million ounces or more, 10 years ago, 12 years ago? Barrick, GoldCorp, Newmont have all high-graded their existing mines to appear to be making money. What this means is they are processing the highest grade ore, the ore with the most gold per ton, to maximize their profits. This will not last long and these giant holes, with little gold left to process, is all that will remain. With the price of gold so low they are working over-time to produce as much gold as possible and get it to market. All of this just to try to stay profitable. How long will they be able to keep up this charade?

We then review the housing market, and what is happening out in the open, as well as what the zombie banks have been doing with all the REO properties. With the number of mortgages that are currently underwater, how or why would the debt holder sell? If they sell, they would lose money in two ways. First, the sale itself, and second, the cost of moving. This explains why there is a lack of inventory in some markets. Some markets were not hit at all by the 2008 crash, but the vast majority of the housing markets are currently paralyzed. The shadow inventory still exists and has moved very little. The big investors have all pulled out and this leaves a major gap between sellers and buyers. Dave gets down and dirty with all the facts, statics and a great explanation of what is going on and how it may be effecting the area you live in.
We conclude the conversation discussing silver and more specifically the “fix” for both gold and silver. Does the fix play a role in the pricing? Not really, it hasn’t since the advent of electronic contracts being generated twenty-three hours a day six days a week. Does anyone really think the Rothschilds are going to walk away from the massive profits they have been raking in for the past two-three DECADES?! Seriously? Not going to happen. Naked Shorting, check. High-frequency trading, check. Profits on the long and short side, check. Twice daily fix, who cares?
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