On his weekly podcast, Andy Hoffman discusses the Swiss gold referendum, Japan, gold and silver prices, manipulation of the precious metals market and the Fed is defending the 10 year Treasury yield.
Audioblog #61 – Cartel Desperation Exposed
by Archive Writer | Nov 20, 2014 | Audioblog | 9 comments
New to Miles Franklin (less than one year), you are very articulate Mr. Hoffmam. You definitely have some depth to your analysis. I have traded gold for over 35 years….and I know blah, blah, blah when I hear it…and you ARE NOT that person.
Thanks,
Rodger
p.s. My trading system has a confirmation “buy” in gold. A new high close in silver (two weeks), also confirms silver has bottomed.
Much approved, Rodger.
It is for compliments like yours that I work so hard!
a
Andy,
I look forward to your Thursday updates. Thank you for them.
If I were Swiss I would be voting “YES” especially because of the low gold price as the country could acquire lots of gold at fire sale prices.
I believe the Swiss are a proud people and are tired of the ponzi scheme!
Unbelievable forces pushing on both sides of this historic vote. Next week will be CRAZY.
a
They will vote no lile the scotts…Period.
Andy,
I need your help with something. I know that you don’t think crude is manipulated but trust me it is just like most markets that can be controlled with paper and HFT. But anyway I use Net Dania to watch Au and Ag as well as WTI and Brent. What I have noticed is big moves in crude on almost no volume and wondered what could cause that. Are they using an OTC derivative to push the price around or what. I mean I see the attacks on Au and Ag but the volume tells the story but on crude I continue to see huge moves down on no volume. Thanks for your help and all the great work you do.
Don,
I didn’t say oil is not manipulated. EVERYTHING is, and oil even has its own, OVERT Cartel.
However, it is not manipulated to the same extent, and certainly not a “national security” matter like the suppression of PMs.
As for “how,” it’s all the same BS. Naked shorting, derivatives, etc.
a
Andy:
Speaking of Cartel desperation, it looks like there’s a pretty big battle going on over the price of silver today!
Yep, every day. They WILL inevitably be blown out of the water.
https://www.bullionstar.com/blog/koos-jansen/india-precious-metals-import-explodes-in-october/