Manipulation Mondays with Andrew Hoffman

  • Humphrey Hawkins metals slam down;
  • Esperito Santos in the toilet and stock down;
  • Real bad economic numbers;
  • Multiple companies came out and said it wasn’t the weather;
  • Japanese machine order number;
  • JOLT survey—employment number;
  • What is really contained;
  • Comments by Goldman and others about containment;
  • Goldman’s comments on stocks;
  • Shorting of metals contracts.
Direct download: Andy_Hoffman_14.Jul.14.mp3
Category:general -- posted at: 2:49pm EDT
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John thinks, for the average person trying to decide how to feel about the economy, the single biggest data point is the stock market. When share prices are rising, the implicit message is that finance professionals — who, after all, dedicate their lives to understanding such things and should therefore know what’s happening — have decided that life is good and getting better.

So the rest of us relax and go shopping. Known as the “wealth effect,” this tendency of asset prices to affect consumer behavior is now a key policy goal of the US and pretty much every other major government.

But what if it’s all a gigantic, multi-trillion-dollar con? That’s the conclusion a growing number of analysts are reaching as they dig into the reality behind the recent record highs in US equity prices.

Direct download: John_Rubino_14.Jul.14.mp3
Category:general -- posted at: 1:29pm EDT
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While visiting Freedomfest we were fortunate to interview the acclaimed author P.J. O'Rourke, who's written 16 books. I remember first reading Parliament of Whores 25 years ago. I knew then that I was experiencing greatness. P.J. has the ability to find humor in almost any subject, whether it's a brutal war, or an over the hill demented politician. His ability to craft a sentence to get the maximum affect laughter is truly amazing.

He believes that every person was born a libertarian. And yet through some process we get corrupted and lose that desire for personal freedom. He's not sure why, but eventually some us find our way home and wind up at a conference like Freedomfest, rejecting the concept of unlimited government. 

Direct download: pj_orourke14.Jul.14.mp3
Category:general -- posted at: 12:47pm EDT
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Andy Schectman has been a bullion dealer since 1991. He's encouraged by the recent turn around in gold and silver prices. However, he's wary and wants to see prices advance further. Until then he urges caution, but he believes that you buy when prices are favorable, not when they're high. Right now metals prices are very attractive. 

Direct download: Andy_schectman14.Jul.14.mp3
Category:general -- posted at: 11:57am EDT
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