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S W
Member since May 2012
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CURRENCY CARNAGE! - Andy Hoffman - Miles Franklin

No doubt Hoffman is a prolific writer, but his problem is that it is basically the same story every time.
The world as we know it is coming to an end and to preserve one's wealth and protect yourself, buy precious metals and do it now,get them from MF.
Talk about flogging a dead horse.
Gold has been, as he has put it "manipulated down" by the PTB, from $1920 to $1160 since Sept 2011 and, of course it will not go below $1000 because, as you guessed it, 1) the manipulation will stop and 2) the world is running out of gold because supply is not keeping up with demand. No 2 is utter nonsense.
Of course during this same period you would have been completely stupid not to sell out of all your S&P and buy PM because, well it (the 500) went to record highs!
Who would have thought that, with all that QE and front running of bonds etc that the stocks would go up?

Wait till the dust settles, buy PM then.

Commented 3325 days ago

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Beginning of the headline :It’s early Tuesday morning; in trading terms, just 48 hours from the ten year Treasury yield’s post NFP surge from 2.12% to 2.25%; supposedly, signaling an imminent Fed rate hike, despite Janet Yellen having delivered the “most unequivocally dovish FOMC statement in memory” just a week earlier. And oh yeah, prompting the brain-dead MSM – as well as Wall Street, and most PM newsletter writers – to spew a mountain of fallacious reasons why gold is headed below $1,000/oz. And lo and behold, not onl... Read More

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