On his weekly podcast, Andy Hoffman discusses the stock and bond market, Labor Participation Rate, collapsing oil prices, last week’s GDP report, the U.S. dollar, Swiss gold referendum and U.S. Mint Silver Eagle sales.
Audioblog #59 – The Silver Flashpoint
by Archive Writer | Nov 6, 2014 | Audioblog | 6 comments
Again, the key word is “when”. We may be looking much farther than you think into the future. Simply making the case for the sorry state of our economy does not serve the purpose of helping people. It is the action therefore we must take that should come fruitful and so far (for years) gold/silver have been very very poor choices. Will the Catalonian & Swiss yes vote turn things around? We’ll see but my take is that at best it’ll just be catalysts for pleasant but short $30, $50, or $100 surge before another smackdown early next year. I think you’d be a fool if you underestimate the powerful forces up there. Yes, they can’t do it forever but forever is a long time. Anything short of it is also a very long time. Sorry, Andy.
Such an aggressive thing to say, “you’d be a fool” – particularly as I NEVER said Catalonia or Switzerland WOULD be a catalyst, only that they COULD.
And your view of timing is no better than anyone else’s. I have NEVER given specific timing, but simply said so much is going on, it COULD be one of many near-term things.
No need to be “sorry” – I’m quite secure with what I’ve written, and said.
I’d make that “unwise”. Wasn’t directing at anybody and certainly not you. Sorry 🙂
Have you heard the rumors that silver trading on the Comex was briefly halted today due to the price smash upward?
Yes, wrote about it in today’s article. It happened – ridiculous! Never when prices fall, by far more.