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Losing Control

Andy Hoffman
|
Monday, August 19th

SilverSeek.com Comment Wire

The Fed is on the verge of completely losing control of its Treasury bond "QE" Ponzi Scheme; as in reality, the 32-year Treasury Bond market is decidedly OVER.  China and Japan are selling, the rest of the world is selling, and thus, the Fed will likely be forced to announce "QE5" around the same time they were initially expected to start "tapering."

 

Not only that, this year's all-time attack on the PAPER PM market appears to have run its course; as PHYSICAL shortages are popping up everywhere.  Both metals are in backwardization, and GOFO rates have been negative for a month on end.  And oh, yeah, the seasonally strongest period of the year starts NOW!

 

I see the President is meeting with every key financial agency tomorrow in secret; as clearly, they are DESPERATE to prevent the inevitable from occurring NOW.

 

Andrew C. Hoffman, CFA

Marketing Director

Miles Franklin Ltd.

 

 

ahoffman@milesfranklin.com

www.milesfranklin.com

 

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