Audioblog #70 – Hold Your Nose, We’re Going Down by Andrew Hoffman | Jan 26, 2015 | Audioblog | 24 comments 24 Comments Mike on January 26, 2015 at 2:10 pm The law of supply and demand will soon come back into relevance. The pressure of demand the last few years coming from China and India alone will soon overwhelm the physical supply. I know we have all heard this for some time but as Peter Schiff has stated….What should happen eventually does happen. The East knows from their history that GOLD is real value. Soon the West will begin a historic scramble to gold and silver and when that occurs the predictions of a much higher valuation to PMs will blow people out of their cozy little make believe world. Theravaida on January 26, 2015 at 7:22 pm Andy, Syriza won election in Greece as expected, but as a result Euro went up and gold/silver have been hammered. It makes no sense whatsoever!?! Andrew Hoffman on January 26, 2015 at 7:26 pm Sure it does. Just standard Cartel operating procedure. But don’t worry, they are at the end of their rope. Hector on January 26, 2015 at 8:39 pm After I saw the election results, and remembered you saying the FOMC meets this week, and how they will try to gussy everything up to make things look “positive” (pump up the stock market, push down PMs, PR blitzkrieg), I stayed up late working on a report so I could make a small silver purchase between 2 – 3 a.m. since as you’ve been saying for years, that is when “It’s Clobbering Time” 🙂 Andrew Hoffman on January 27, 2015 at 9:10 am Sounds good. Smart man. a Andy on January 27, 2015 at 1:00 am Hi Andy I for one really like the podcast format, it means I can get on with other stuff while listening. It might be a better format overall to get a wider audience, as I’m sure your aware a lot of people are often too lazy or don’t have the time to read. One thing I would like to add though, is the sound quality could do with a bit of work, I’m not sure if it’s bad quality recording or a low bit rate but you do sound a bit muffled. I wait with bated breath for the next exciting episode. Andrew Hoffman on January 27, 2015 at 9:09 am Thanks, doing my best. This is the first comment I’ve had about sound quality in 70 audioblogs (other than when I’ve used them to conduct interviews), so I’m going to stick with the same program. a RF on January 27, 2015 at 1:34 am Andy, Good update. Thanks. I felt just like Theravaida above in that the Greeks won and every thing still looks rosey while PM’s took a hit. I guess the banksters are not going to show or admit their fear under any circumstances and that rigging is still in full force. I guess I should know they will rig until they can’t. Andrew Hoffman on January 27, 2015 at 9:08 am Trapped rats, fighting to their inevitable death. nick good on January 27, 2015 at 7:04 am Hopefully they will be on the end of another rope as well soon. Mike on January 27, 2015 at 8:25 am The short term thinking of the West is soon going to jolt them back to reality. I think Andy is right. I think the jig is up and all that remains is for the tremors to shake everything up. Andrew Hoffman on January 27, 2015 at 9:08 am Barring a miracle, TOMORROW will be the long-awaited “Yellen Reversal” – and with it, the once and for all end to all Central bank credibility. Andy on January 27, 2015 at 10:28 am I turn my back for 2 hours to go out for dinner and this happens.. From Zero Hedg: The Dow is now down 360 points on the day – its biggest point drop in 19 months. Perhaps more notable is that since the End of QE3, The Dow is now down 0.4% – but the fundamentals we hear you cry… The Nasdaq is today’s biggest loser, down over 2.2% Gold is now banging back on the $1300 door again and poor old Janet has to face the music in a few hours to tell us how well it’s all going! Andy you have been calling this for Weeks/Months, there is no way on earth the FED would go into an FOMC Meeting with this happening if they were not either on the edge of loosing control or have actually lost control of the markets. Especially given that old Barry came out the other day to tell everyone the storm has passed. It sort of reminds me of George W on the deck of that aircraft carrier saying “Mission Acomplished” Something tells me not much of the ship is still above water anymore. Andrew Hoffman on January 27, 2015 at 2:13 pm Tomorrow will likely be the “Yellen Reversal” – even if just the beginning of it. a Hector on January 27, 2015 at 11:07 am The MSM has become more aggressive at “predicting” when a “rate hike” will happen….let’s see, last I read was Q4 of 2014, but I agree with you Andy, that rate raising quarter may never occur. As I remember in one of your interviews a week or two ago, you explicitly mentioned that corporate earnings will be destroyed because of: 1) Low price of oil 2) Horrendous corporate earnings Today, horrible corporate earnings that even MSM is covering. All set’s the tone for the Yellen Reversal. Here is a new saying, instead of “if I had a dime for every…bla bla bla” we could change it to, “If we gave Andy a gold coin for every prediction he makes that turns out to be true, he would absorb all of 2014 gold production” or something 🙂 Andrew Hoffman on January 27, 2015 at 2:13 pm Thanks! Bing on January 27, 2015 at 12:14 pm I’ve stopped holding my breath on these matters. Have you ever heard a die-hard big government type acknowledge they were wrong about ANYTHING? The evidence will never convince them-they have to be defeated! Andrew Hoffman on January 27, 2015 at 2:13 pm I didn’t mean they’d actually “admit” anything. However, in speaking dovishly of the economy and future monetary policy – let alone, when QE4 is announced – they will implicitly be admitting defeat! Mike on January 27, 2015 at 1:26 pm Hi Andy. I just love your audio blogs. Would you please consider posting the MP3 audio only so I can download it and hear it on the go? YouTube requires too much bandwidth to stream in the sticks, plus requires the screen to be on and thus drains battery. Thank you thank you for all your honesty and hard work Mike Andrew Hoffman on January 27, 2015 at 2:11 pm Thanks Mike, I will forward your question to our editor. a Hector on January 27, 2015 at 5:31 pm Hey Mike, You can download YouTube, and a lot of other audio/video clips in the public domain using this site. One of the options is to only download the audio. http://en.savefrom.net/ 🙂 Andrew Hoffman on January 28, 2015 at 9:10 am Sorry Mike. We looked into it, but our blog server won’t enable direct posting of MP3 audio. Mike on January 29, 2015 at 5:59 am Andy, Thank you for checking and replying. I feel a bit sheepish for even slight complaints for such a valuable yet free service as your audio blog. Truth be told, there isn’t much that would stop me from finding a way to get your work. Thanks again. Mike Andrew Hoffman on January 29, 2015 at 8:47 am All good!