On his weekly podcast, Andy Hoffman discusses market manipulation, physical gold and silver, Japan’s Abenomics, currency devaluation, retails sales are dropping, unemployment, China’s real estate decline.
Audioblog #51 – All Heck Breaking Loose on the "Emerging Market" Front
by Archive Writer | Sep 11, 2014 | Audioblog | 8 comments
Silver getting hammered below $18.60 and no comment on it? I’m just curious on you opinion, I thought they were just trying to keep it below $20.
No comment? What should I say? I speak every day of the fundamentals of silver, and why it’s undervalued. I don’t try to time the market, or try to figure “technical” bottoms in a rigged market. Suffice to say, silver has never been more undervalued, in my view. That is why I bought more last week.
Hammering silver down this far makes me think something unusual is going on. Dovish announcements by the fed are often preceded by pounding the metals. My guess is the fed is going to announce something next week, or the economy has taken such a dump that longs are dumping metals.
Lately, they have attacked 24/7, regardless of news. Clearly, they are more terrified than ever before, as they should be given the relentless Eastern physical demand.
As for potentially “massively dovish” events, pick your poison. There are too many to count.
Thank you for this timely and valuable update.
What a blessing it is on the smashing of the silver price. I love buying at bargain basement prices!
You’re very welcome.
I am akin to RF: I love buying at basement prices too. I actually rather enjoy these (faked) dips. We will get it all back.
The constant, obvious hammers-down do make me wonder: are TPTB going to regroup after the crash and fete the PM-bugs into positions of power? We’re the only ones with any long-term economic sense, after all. Someone of intelligence will have to run things, if only at a local level.
Their final problem may be that none of us want to return to that game!
I once enjoyed “buying on dips” – and I still do so, as I did last week. However, at some point one gets tired of the price not rising, and want to actually benefit from it.
Never in stock market history – other than giant hedge/mutual fund managers, who can only buy large positions in some stocks over time – has anyone ever hoped prices stay down. And in gold/silver, this time is no different.