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S W
Member since May 2012
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Inevitable Upcoming Silver Shortage - Andy Hoffman - Miles Franklin

The problem with Hoffman's analysis of the silver market is that it is completely wrong.
Prices have and continue to go down since about Aug 2011
It is axiomatic therefore that the selling of metal i.e. by people,banks or whatever,that they do not want to own the stuff. They need cash,pure and simple.
But to Hoffman and many others, its the PTB or The Cartel who do not want the price to rise.
They are rigging the game, there is a lack of supply,buy it before it runs out, etc etc in every article he and others write.
Everything is rigged according to Hoffman.
I bet many people have followed his(and others) advice to buy silver, wish they had not.
They will sell at the very bottom of the market, that is, nothing has changed in the get rich quick crowd.
Hoffman is nothing more than a zealous tout for the firm he works for,pure and simple.

Commented 3428 days ago

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Beginning of the headline :Yesterday, the Cartel did everything imaginable to enforce their time-honored “rule” that “all great PM days must be followed by horrible ones.” And this is in an environment of accelerating global currency collapse – i.e., the “single most precious metals bullish factor imaginable” – and a renewed plunge in industrial commodities like crude oil and base metals. Yet, with all their huffing and puffing – particularly on hapless mining shares – gold closed at the Cartel’s $1,200 “line in the san... Read More

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