Gold Cartel Freaking Out, Deutsche Bank Collapse Ahead | Andy Hoffman
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IN THIS INTERVIEW: - Power's The Be are freaking out because of rising gold and silver prices ►0:55 - What would a Deutsche Bank collapse mean for the global economy? ►2:12 - Donald Trump is bringing light to the false economy ►6:54 - A Trump win will be "Brexit times ten" ►11:09 FINANCE AND LIBERTY: - SUBSCRIBE (it's FREE!) to "Finance and Liberty" for more interviews and financial insight ►http://bit.ly/Subscription-Link - Website ►http://FinanceAndLiberty.com - Like us on Facebook ►http://fb.com/FinanceAndLiberty - Follow us on Twitter ►http://twitter.com/Finance_Liberty - Google Plus ►http://Gplus.to/FinanceLiberty - Title and video graphics by Josiah Johnson Studios ►http://JosiahJohnsonStudios.com - Sponsors: http://SilverDoctors.com & http://ReluctantPreppers.com DISCLAIMER: The financial and political opinions expressed in this interview are those of the guest and not necessarily of "Finance and Liberty" or its staff. Opinions expressed in this video do not constitute personalized investment advice and should not be relied on for making investment decisions.
Comments
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Yeah, sure, Deutsche Bank is collapsing ... ??? Do you have any clue? OMG, whoever is listening to what you're saying should be really scared.
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There was various reasons why the metals went down. Last week there was an epic battle going on between the London and New York currency traders. London was shorting both the EUR/USD and GBP/USD crosses, (the UK needs a weaker currency for their export markets), every single day at the start of the afternoon session, their time. This caused massive dollar strength and this equates to across the board commodity weakness including metals. They drove price down to the 1150 level, (EUR/USD) and when London closed the NY traders drove it back up to the 1230 level. The Fed needs a weaker dollar for US exports and for US banks who loaned foreign entities capital in dollars and with dollar strength it is simply to difficult to service the loans hence the run up. The next afternoon in London they drove price back down thru the 1200 level and the traders at the Comex realized London was going for broke and that is when the Comex traders added their shorts and rode price weakness back down. London and New York did this all week long with London driving price on the cross to 1100 level and New York driving it back up to 1200 Friday after London closed. The HFT algos on the Comex usually drive price up when there is short term dollar weakness, wait until dollar strength returns then add shorts but most of the week they held pat and added their shorts when London was causing dollar strength. The above crosses are in long term bearish trends while the dollar is in a long term bullish trend and this causes commodity weakness. Crude futures went under $30 last week. Currently the price is close again to 1150 level. If London keeps the hammering of currencies, the metals prices will go down farther.
This is simply how price movement in one market, in this case currencies, effects price movement in other markets such as the Comex, the CME and NYMEX. The problem with most of the pm promoters is that they only watch price movement in one market and when prices go south, they don't have a clue what causes it. This is one reason why commodities went south.
The second reason is if you followed Martin Armstrong's computer model, you would have realized that not only the above crosses were going south but also commodities. The models predicted months ago that if the gold price did not break the 1362 bearish reversal level by July's close we would see price weakness and that is what happened. The price also did not break the August close, the September close and the quarterly close. What there is short term dollar weakness, the HFT algos usually drive the price up, not down. They first drove price to 1360, then to 1372, 3 times to 1366, then to 1361, then to 1357, then to 1350 and when dollar strength returns they add shorts and ride price weakness back down. The last move was to 1363. Currently on my currency platform the EUR/USD cross is holding steady at the 1150 level and the gold/USD cross is at 1358, again below the 1362 reversal level. All moves up around the bearish 1362 reversal level. Did you see the pattern here?
All weekend long the pm promoters were all claiming the "cartel" or the "elites" were smashing prices to instill dollar strength and this is just nonsense. The price of gold has no bearing on dollar strength or weakness. This is simply determined by international capital flows as I just explained above. Again the Fed needs dollar weakness so the claim the "cartel" raided prices is nonsense as that is why the NY traders were driving prices up on the crosses causing short term dollar weakness. -
It's CORPORATE WELFARE. Period.
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One argument with Mr. Hoffman: at 13:08 he states that Trump is not being influenced by the 'status quo'. Unfortunately, Trump is being advised by Project for a New American Century (PNAC) signatory and former CIA Director under Bush 2, R. James Woolsey, who was a major proponent for the (disastrous) Afghan and Iraq invasions. The same kind of people who subscribe to Zgigniew Brzezinski's 'Grand Chessboard' of world domination. If anyone is 'status quo', it's Council on Foreign Relations member Woolsey.
These 'status quo' types have brought America to near collapse with their insane economic policies at home and ever expanding wars abroad. Google June 6 2008 Chantilly Virginia to see why Clinton feels 'entitled' to the Presidency; she's the literal handmaiden of that 'status quo'. If Trump is listening to them too then it won't make much difference who occupies the Oval Office, America and the world will still be screwed. -
Andy Hoffman proves that no fundamental principals that should exist in a real market today actually do exist. While his ideas and conclusions are sound, they are based on the idea that this is still a somewhat free market that can only explode. 1,000 tonnes of paper gold dumped through the market yesterday shows that those fundamental principals don't matter. They can save all the naked shorts and do whatever kind of backdoor bailout they want with any volume of paper product.
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Why is anybody listening to Andy Hoffman? He is the "Know It All Brother In Law" that wont go away.
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Anyone who invests in gold would want to read THIS
http://www.reuters.com/article/barrick-gold-veladero-idUSL2N1CA0ZK -
Oh yeah! I remember that being all over youtube, Andy "The Rat" says Brexit will happen! Yeah I remember that fer sure fer sure absolutely positively!.
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So "Rat Face" your technical analysis is their "Freaking Out"?
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We are witnessing the greatest Ponzi scheme in history. It's final and inevitable implosion will be cataclysmic and far reaching.
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How many times did we hear the gold cartel is freaking out and losing control for the past 4 years?
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It's Official: America Is Not The Greatest Country On Earth... It's 28th.
Violence, alcoholism, and obesity pose the biggest risks in the U.S.
http://www.zerohedge.com/news/2016-09-23/its-official-america-not-greatest-country-earth-its-28th -
oust the incumbents
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Majority of the polls says Trump should win but the media is attacking everything. How can I bet on a Trump win. This obviously will be Brexit II.
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brexit won't happen as their PM is a globalist and has delayed the exit until 2019, to late.
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Andy is wonderful but DB is not going to collapse. The same machinery that saved the world's central banks in 2008 - the unaudited and well oiled US printing press - will kick into gear and DB will just become one more behemoth the system has saved.
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Thanks for another good video men, it's always great to hear from Mr. Andy Hoffman....Oh First!
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