Free Republic

"Ranting" Andy Hoffman of Miles Franklin joined us again for his weekly rant. He was particularly peeved today because his internet service went down, compliments of a wonderful oligarchic cable company that wants to control his existence. Then we got down to the end of theGreat Indian Gold Strike of 2012. The gold merchants of India, which is by the way the largest gold consuming nation on Earth, won their battle against the government's attempt to impose an excise tax on gold imports. The strike lasted three weeks, during which time gold sellers were heard to proclaim, "No Gold for...

I hadn't reviewed gold prices since early Monday morning. I was surprised to see gold up over $22 per ounce, but Andy wasn't. Ben Bernank spoke today, and he confirmed the rumors that have been flying around. Yes, he's still a money printer, and he has no intention of stopping. Hopefully, he will be stopped before the dollar turns into worthless bits and bytes on computers around the world, but there's no indication that this is about to happen. Andy and I also discussed how Apple has become the tail, wagging the stock market's dog. As the most valuable company...

"Ranting" Andy Hoffman made a special appearance today to discuss one of the most transparent Fed moves in recent memory. Today "Da Boyz" put the brakes on gold and silver. The unbacked Paper Silver and Paper Gold was flowing like Tanqueray and Tonic at a Charlie Sheen rehab party! While these one day results have been quite impressive, the US will be in financial rehab for decades to come. This and so many other market manipulations have all but destroyed any semblance of a Free Market Economy. What we are witnessing now is nothing short of a financial cataclysm that...

Back for his weekly rant, we check in with Andy Hoffman to discuss gold breaking through its 200 day moving average. As per our expectations, gold's on the up side yet again. Andy however, warns you not to get caught up with short term movements. Consider the manipulation of the markets and the fast pace of the media-- always remember to look at the bigger picture! Don't watch the markets day to day, keep your expectations in the long-term. Gold has only traded below its 200 day moving average about 10% of the time over the last 11 years. The...