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The Worst for America, Best for Precious Metals

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Published : November 19th, 2012
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Category : Market Analysis

 

 

 

 


Throughout my “TEN YEARS OF HEAVEN AND HELL,” several ironclad “mantras” have guided my thought process. Some emanated from sages like Richard Russell and Jim Sinclair, who coined the prescient terms “Inflate or Die” and “QE to Infinity,” respectively – circa 2003.


Additionally, I created several of my own; one of which – “manipulation will be worse each day” – I have shared before. I’m not sure if I’ve written of today’s RANT topic before; but if not, here goes – “America’s leaders will ALWAYS do what is worst for the country, but best for Precious Metals.”


Not that PMs require “help” from incremental in the political, economic, or social outlook. However, in EVERY possible situation, one can ALWAYS be sure PM-bullish factors will be accelerated when politicians make major decisions. A perfect example is the Supreme Court’s recent decision to uphold Obamacare; wherein, a recently appointed Republican Chief Justice was the deciding vote…


S.C.O.T.U.S. TURNS THE U.S.A. TO R.U.S.S.I.A.


Another such decision was not only Obama’s re-election, but maintenance of the Democrat’s Senate majority; PLUS, an actual increase in its House representation. Not that the Republicans will ultimately act any differently than Democrats. However, I ASSURE you their rhetoric would have been vastly more “conservative” in the near-term; that is, until they actually had to make a key fiscal DECISION.


In the big picture, NOTHING regarding the ultimate destination of the economy, dollar, or Precious Metals is contingent on which party has the upper hand. However, with Obama’s socialists firmly in charge, the path to inevitable FINANCIAL ARMAGEDDON has clearly gotten much shorter.


As for doing what’s worst for America, but best for PMs; we are about to be “treated” to the coup de grace, amidst the upcoming “fiscal cliff” debates of the coming six weeks. Or, as I recently put it, the “CLIFF DIVE” discussions.


As noted in “CLIFF DIVE,” there are ZERO “solutions” to the fiscal cliff issue. No matter what is agreed upon will be MASSIVELY bearish for the U.S. – and WORLD – economy; so much so, it may just be the event that catalyzes the END GAME of GLOBAL CURRENCY COLLAPSE.


If truth be told, the oxymoronic Budget Control Act of 2011 – in its current form – is more than enough to IMPLODE the global economy and financial markets. However, I think we ALL know it won’t be maintained as such. More likely, it will be severely diluted – if not completely repealed; setting the stage for imminent HYPERINFLATION, particularly if coupled with simultaneous “DEBT CEILING TO INFINITY” and/or “QE4” announcements.


Irrespective, the only thing we can be SURE of, is Congress will enact what’s “WORST FOR AMERICA,” but “BEST FOR PMs.”


PROTECT YOURSELF, and do it NOW!



 

 

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Andrew Hoffman was a buy-side and sell-side analyst in the United States (including six years as an II-ranked oilfield service analyst at Salomon Smith Barney), but since 2002 his focus has been entirely in the metals markets, principally gold and silver. He recently worked as a consultant to junior mining companies, head of Corporate Development, and VP of Investor Relations for different mining ventures, and is now the Director of Marketing for Miles Franklin, a U.S.-based bullion dealer.
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