Dec 1, 2014
Manipulation Mondays with Andrew Hoffman:
Swiss referendum
-historic propaganda, market manipulation beforehand (both here and in Switzerland)
-however, brought out major pro-gold forces as well
-Dutch repatriation, French repatriation request
-also, now entire world doomed to money printing to infinity after Swiss dupe
Historic PM tightness
-record U.S. Mint Silver Eagles sales, Royal Canadian Mint Silver Maple sales, Indian silver imports, Chinese gold demand, 15-year low GOFO rates; plus, end of Indian 80/20 import/export rule
Economic collapse!
-nine misses Wednesday alone in States
-today, China PMI nearly below 50, at eight-month low
-today, Europe 50.3, and Germany down from 50.0 last month to recessionary 49.5
-Japan downgraded by Moody's from Aa3 to A1
-currencies the world round in freefall, particularly commodity related like Ruble, Real, Rupiah, Australian dollar
today's article was titled "Shale oil 2015 = subprime mortgages 2008"
-1/3 of all S&P 500 capex is energy-related, and was declining BEFORE oil prices collapsed
-more than half of shale oil unprofitable today, and generally less desirable grades to start with
-15% of all U.S. junk bonds shale oil related