Investment Rarities Incorporated

Was founded in 1974 by Jim Cook, and has since grown to be one of the nation’s leading silver and gold dealers. In the 48 years of service, IRI has logged 400,000 transactions for 60,000 customers equaling $3 billion sold and delivered.

James Cook Market Update Newsletter

Edited by best-selling author James Cook

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FROM THE DESK OF JIM COOK

CRIME WAVE

Our newspaper reports that a woman who embezzled $3.75 million from her employer will face no jail time, only probation. In other words, you can steal almost 4 million dollars in Minnesota and go unpunished. That no doubt explains why crime is setting records. For example, there were over a million car thefts nationally last year. That’s double what it was only a few years ago. If you can steal a car and not face jail time, why not steal another car? It’s safe to conclude that crime will keep rising because there is no punishment for many crimes. You can shoplift, burglarize, rob and steal what you want without the police arresting you. If you are unlucky enough to get pinched, the judge will set you free.

GOLD AND SILVER PRICES IN REAL TIME

GOLD PRICES AND CHARTS- LIVE!

SILVER PRICES AND CHARTS- LIVE!

INSIGHTS from TED BUTLER

Friday 4/12

It’s hard to overlook the tremendous price volatility that occurred on 4/12, when both gold and silver established new recent price highs, only to fall precipitously by the close of trading. At the time of the sharp selloff, the only market open was the COMEX, with markets in London, China and everywhere else closed. Therefore, it is beyond question that the selloff was COMEX-arranged. Since the only beneficiaries of a price selloff are those short futures, it can be concluded these shorts were behind the selloff. Further, it’s no secret that the shorts in COMEX gold and silver futures had been taking it on the chin. Before the selloff the total open loss to the shorts in COMEX gold and silver was $17.5 billion ($13.5 billion in gold and $4 billion in silver).

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