Avery Goodman - Comments
Attorney, Arbitrator & Author at A.B. Goodman Law Firm
A.B. Goodman is licensed attorney and has concentrated on securities law related cases. He holds a B.A. from Emory University, where he concentrated on history and economics. He also holds a Juris Doctorate degree from the University of California at Los Angeles Law School and is a member of the ...more
Latest Comments
Silver May Reach $140 An Ounce Sooner Than You Think
6 days ago

The physical silver squeeze documented here mirrors a theme I explored in my murder/mystery thriller novel, "The Bank.” That theme is the dangerous disconnect between temporary prices set in paper markets and physical reality. When Charlie Bakkendorf discovered $11 million in missing physical gold, for example, he paid with his life. The surveillance system THEATRES covered up that murder with paper, but while the surveillance apparatus could manipulate information, it could not change the physical realities.

The CME's multiple silver margin interventions face a similar limitation.

In the Singularity Trilogy (the sequel series to "The Bank"), which consists of "The Awakening," "The Resistance,” and "The Reckoning," I explored how AI and information control systems may reshape markets and society. The upgraded THEATRES system (from “The Bank”) successfully manipulates surveillance and paper-based financial markets. The flow of information is a key to controlling people. In the case of gold and silver, however, physical reality can disrupt that flow.

The rise in silver prices cannot be stopped by informational interventions (a/k/a the “paper silver market”). The rare earth crisis of 2010-2012 proved that structural supply constraints ultimately prevail, no matter how sophisticated the intervention.

Paper markets create temporary distortions, but they cannot manufacture silver that doesn't exist.

Language Trumps Money
6 years ago

"So why do the English-speaking countries have persistent CA deficits? I suspect it has something to do with the fact that English-speaking places are an attractive location for immigration and investment. Immigrants to Australia who take out a mortgage and buy a house are contributing to their current account deficit. Chinese buyers who invest in homes in LA or Vancouver tend to create deficits for the US and Canada." I'm not sure if you just didn't communicate the point you were trying to make very well, or if you don't know what you are talking about. Your reasoning makes no sense. If a rich Chinese wants to buy a house in Vancouver, he must convert Hong Kong dollars or Chinese yuan to Canadian dollars. Similarly, to buy Canadian stocks, the foreign investor must also convert his own currency to CA dollars. In both instances, the current account deficit for Canada DECREASES. It most certainly does not increase.

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