Kerry Lutz of the Financial Survival Network and Andy Hoffman watched gold get hammered while they spoke yesterday. At one point was over $12 in the red. As a wise man said, we no longer have markets, just a series of ongoing governmental interventions. And if you don’t believe it, just look at the price charts. They tell the whole story and it’s not a pretty one at that. In the Elite’s effort to prop up the markets and give the appearance of normalcy, they regularly manipulate the markets, all in the name of economic stability. But what we will wind up with is far from stability. Instead, they will cause the mother of all crashes. And us average Americans will be left to pick up the pieces and pay the piper.
This interview was hosted by Financial Survival Network.
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Andy, does the price of gold ever go down where you don’t consider it rigging? If so, how do you determine when it is and when it isn’t?
Martin,
Markets always ebb and flow. However, in the case of PMs, they have been artificially suppressed for so long, they would NEVER go down if free-market forces took over.
I believe gold should be $15,000-$20,000 TODAY, simply based on ADMITTED money printing and ASSUMED gold reserves.
Andy
So if economic data is released that makes the market less certain about imminent QE3, and gold drops at the exact same moment, it has nothing to do with hedge funds and traders selling gold?
CORRECT!
100%, NO DOUBT ABOUT IT!
The Cartel uses ALL data to catalyze PAPER gold attacks, irrespective of what it says.
PROPAGANDA 101.
Andy