Oct 27, 2014
Manipulation Mondays with Andrew Hoffman:
FOMC meeting Wednesday, "end of QE" expected.
- today, supposedly last POMO operation - following 933 in the past eight years, at the 10:00 am EST "key atack time"
- maniacal PPT ops the past two weeks, to "stabilize" markets ahead of this meeting, including six Fed governors hinting at or calling for QE extension after last Wednesday's liquidity vaccuum
- Fed will still be as dovish as imaginable, but won't have to delay ending overt QE so long as markets don't crash
-ARTICLE" - "manipulation, jawboning, and prayer"
Of course, OTHER markets are crashing worldwide, particularly in Europe
-last week's PIIGS bond crash has somewhat stabilized, but European stocks - big markets like Germany included - have decoupled with the U.S. PPT efforts, continuing to plunge despite QE commencement
-most yields, Treasuries included, continue to crash
-Fed desperately attempting to prevent bond yields crashing, especially ahead of FOMC meeting
-ARTICLE - "the most damning proof yet of QE failure"
-ARTICLE - "2.2% is the new 2.6%" - spinoff of earlier article, "2.6% - Nuff' Said"
-dollar/euro has stabilized, but rest of the world's currencies crashing
-rupiah, real, yen, ruble, etc.
-ARTICLE - "the single most precious Metal bullish factor imaginable"
-oil collapsing, under $80 this morning - and this, after Saudi's pathetic 300,000 bbl/d oil cut announcement Thursday
-ARTICLE - "collapsing oil prices portend unspeakable horrors"
Plunging U.S. economic activity
-even rigged PMI indices falling
-retail demand collapse - WMT, NFLX, EBAY, and disasters like Sears
-death of American icons, due to collapsing demand, surging dollar, and competition - WMT, IBM, MCD, KO
-ARTICLE - "changing of the guard"
Surging physical demand worldwide
-incredible Chinese gold demand numbers in recent weeks, well above global mining supply
-surging Indian gold demand, silver imports on pace to match last year's record level
-both U.S. Mint and Royal Canadian Mint on pace to match and/or exceed last year's record Silver Eagle sales
-GOFO rates in backwardation
-massive gold withdrawals from COMEX, GLD
-per "Miles Franklin Silver All-Star Panel Webinar," production on verge of all out collapse
-and just wait until year-end reserve revisions, if silver near $17/oz
Early polls show the "yesses" in the lead for 11/30 Swiss gold referendum