TFMR Podcast #18 - The Return of Ranting Andy

Loading the player ...

Download Podcast (Right Click + 'Save As')

Late on Thursday, I had an opportunity to visit again with "Ranting" Andy Hoffman of Miles Franklin.

When we last spoke back in December, the metals were making lows and were soon to recover. As fate would have it, in the time since, we've seen a tremendous rally that led to the "Leap Day Violation" and subsequent pressuring of the metals all the way to the lows of this past Wednesday. So, under similar circumstances to last December, Andy and I discuss market manipulation, the godforsaken miners and the question of whether silver is money.

I'm quite certain that you'll enjoy this podcast.  

TF


136 Comments

Dr G's picture

Love it!

Love it! Andy is my favorite analyst. Taking my boy camping tonight and we have a 2 hour drive to get there. THIS is what we will be listening to in the car!

First!

Airgead's picture

ooooooooooooooohhhh YES!

Second! :-)

Fr. Bill's picture

Thurd!

Thurd! Such a coveted position too!

kingboo's picture

THURDDDD

kingboo's picture

Damn.........

i'm the 3rd loser

murphy's picture

ranting 4th!

ranting 4th! ok ranting 5th in honor of Andy

Turd Ferguson's picture

Really good CoTs this week

MODERATOR

GOLD

Cartel net short declines by almost 9,000 contracts to a ratio of 2.12:1. Also Large Spec net longs declined by 3,700 to 165,000. Once again for perspective, the Cartel net short ratio at the end of December last year was 2.01:1 and the Large Spec net longs numbered 167,413. This is a very bullish CoT for gold. A bottom is near or already behind us.

SILVER

Very, very bullish. EE net short position decreased by over 4000 contracts and the net short ratio is now 1.46:1. Again, for perspective, the EE net short on 12/27 was 1.34:1. Interestingly, the EE was long 41,224 back then and is long 48,344 now for an increase of 17.27%! The Large Spec report was great, too, and exactly as I had hoped as Large Spec longs went up by 862 (3%) but Large Spec shorts surged by 2,798 or 29%! ​The trap has been set! Soon, the spec shorts will be fleeced by a very strong short squeeze.

NW VIEW's picture

@ SRSrocco - Future System Collapse:

Yes some of us do understand history and many herein have prepared for what is coming.  At my age, I probably will be one of the few on board who can teach the proper use of : A hand crank butter churn, a slide ruler from the 60's, ink well, and a #2 pencil with pad for addition, subtraction and multiplication. ( I can remember going to the store for food and the clerk added the prices by hand).

It will pay to know your neighbors and several farmers in these days.  Katie Rose could teach more than I.       jmo

¤'s picture

No. 9

Thanks for the rant...I mean podcast.wink

Love the monikor... Ranting Andy!

Pretty sure you'll like this vid...enjoy!

Xty's picture

@ silver is money

What he said!

Much4Him's picture

An absolute must read from Zerohedge

In perhaps the most courageous (and likely must-read for future economists) speech ever given inside the New York Fed's shallowed hallowed walls, Economic Policy Journal's Robert Wenzel delivered the truth, the whole truth, and nothing but the truth to the monetary priesthood. Gracious from the start, Wenzel takes the Keynesian clap-trappers to task on almost every nonsensical and oblivious decision they have made in recent years.

http://www.zerohedge.com/news/robert-wenzels-david-speech-crushes-federal-reserves-goliath-dream

OC15's picture

This post made me laugh

Right under a podcast where you interview a guy who says to pay zero attention to what is published in the CoTs because the positions give no indication as to what will actually happen to the price, you drop this post stating how the CoT is very bullish.  Just gave me a chuckle.

kingboo's picture

Great podcast.......

I agree 1000% with Andy about lawsuits and civil actions of any kind being absolutely useless against the CME/CFTC

at this point...If you think about it, we're talking about an ongoing crime thats absolutely positively needs to continue, because......if it stops, the system will rapidly implode. There are probably some evil scumbags in the wheelhouse along with some other people who are absolutely scared shitless to change course........TPTB know damn well whats coming if they take their foot off the throttle.......they can't do it, they wont do it. If Lehman scared the shit out of them, imagine how they're sleeping at night lately. It's a fucking nightmare.........   So the protocol is "all hands on deck" and that means CME, CFTC, MSM and and anyone else who knows how to bail..........after all our "national security" is at stake, right?

And let's not even pretend that this isn't how they're selling it............. come to think of it, maybe that's how they're managing to sleep at night, by bullshitting themselves, that.....and a fifth of Jack.

zilverreiger's picture

we have an interest in the elites going gold/silver

they are they only ones that could protect us from taxation to death, in that sense we are very pro status quo

lakemike49's picture

thanks andy & thanks turd

I for one need this kind of podcast, except for this site sometimes I feel like I am all alone. the paper side of this market, has cost me a bloody fortune " my bad for still playing, although much more cautious now ". but I stacked early, and that I do not touch, and a good rant like this from andy, helps me stick to my guns " I also stacked them early on ". thanks again for what you do.

lakemike

Magpie's picture

@NW VIEW

omg......hadn't thought about H.S. trig and slide rules for decades now.  I couldn't remember how to work one if my life depended on it. 

Driven81's picture

Hey Dr G

Good job man! You have won! Interesting how Andy doesn't pay attention at all to the price....you hear everyone saying not to pay attention to the price all the time, but Andy literally doesn't even look at it. 

The Doc's picture

Keep up the great work Turd. Looking forward to listening

to this once I get home from the day job tonight.  Wonder what Andy has to think of today's COMEX inventory report which showed JP Morgan adjusted nearly their entire customer silver book into dealer inventories.... JPM's registered silver increased 5 million ounces of 500% overnight!

http://www.silverdoctors.com/jp-morgan-increases-registered-silver-inventories-500-overnight/

Dr G's picture

When it comes to the price I

When it comes to the price I look at it only to compare the difference in premiums when I'm purchasing.

$25 or $45 makes no difference to me...I just want to know if Maples for $2.50 over spot is the best deal I can get.

Trading is another matter.

SV's picture

SV

Great Interview! Silver was money and now it is not due to command and control economics!

http://silvervigilante.com

57Goldtop's picture

Admiral Sprott

Today's KWN interview with Mr. Sprott featured yet another call for people to get out of the banks.  I suppose it's not an unusual message for Turdland.

People should worry significantly about having money in a bank.  They should have a good part of their portfolio in physical gold or the mining shares.  It’s so obvious they should be a winner.  

(note - I'm with Ranting Andy on the mining shares)

It prompted me to go back and look at his talk at the 10th anniversary of the Sprott School of Business at Carleton U.  The video was marked 'private' for a while but they've since opened it up again.

Imagine: Speaking at the business school in his name, in the nation's capital, and giving two powerful messages:

  1. Your money is not safe even in Canada's banks (sure sounded like an invitation for a bank run to me).
  2. The business school education sucks.

Given the context, this is one powerful message.  The whole thing is worth watching, but THE MAN starts at about 37:40.

http://www.youtube.com/watch?feature=player_embedded&v=vO6SvWq_tOY#!

Colin Caffeine's picture

Hello everyone,Just signed

Hello everyone,

Just signed up and all that after having lurked for quite some months now.  

In January 2011 I went all in with the PMs because I knew enough about the state of the world to know that cash isn't safe etc, but I wasn't at all aware of any of this technical stuff or how to read it.  If I understand anything now regarding the TA (which I'm not sure I do), it is thanks to this site. (By the way, I attribute the lack of understanding to my own feeble mind, not this site). 

But just as I was thinking I was beginning to understand the CoT reports and what they indicated, Ranting Andy says that they bare no relation to reality or future direction of price and haven't done for a few years.  But here everyone seems to keep an eye on them so do they have any relevance or not? Ought we to be excited by the seemingly bullish figures this week?

And another thing, the information that the Doc posted regarding the five million ounces being shifted to registered from eligible in JPM vaults looks interesting.  Err.... What does it signify?

Sorry if these are silly questions but I hope someone can indulge the new boy.

Thanks.

R man J's picture

Gold for the average guy

As a kid I developed a love for collecting coins, filling books with all the dates. Early 70s I spent all my paper route money, $5-10 per week, on type and date coins like merc dimes, standing lib quarters and walking liberty halves. I was in awe of pre-1933 gold. Of course I owned none...totally unaffordable.

So as I wait for my pre-1933 liberties to arrive in the mail, adding to my decent stack, I am again in awe. I am not rich. I don't pull down 6-figures, yet I hold the physical money of kings. What a great thing for an average guy to know physical 100 year old gold coins are flowing my way.

The price must be too low for average guy like me to be able to get them.

Re: silver as a monetary metal. It was money when I was a kid and for 5000 years before that. It's in our genes to see it as money.

Disclosure - I am 64:1 silver to gold in ounces.

¤'s picture

Think!

R man J's picture

Turd and Andy

Thanks guys for your passion getting the word out. With all the paper lies on the air waves (CNBC) and in cyberspace (Market Oracle, etc) , you both provide the constant repetition (teaching is repetition) of truth about honest money. Hard working people's wages and ability to provide for loved ones will be protected if they listen to your advice. 

Stacking is fun because there is an element of righteousness in it. Providing for family when hardship hits, weighing out honest money....The book of James excoriates the"rich men who...steal the wages of the worker"... this is the Fed, govt, JPM, etc. as they cheapen our money that we earn through hard work. You guys who provide counsel and at the same time make it so much fun for the metals community to stand against this evil are on God's side. (in my humble opinion)

SaratogaPrepper's picture

R man J Re:Pre 1933

I'm looking to pick up some 1/2 Eagles. Which do you like better the Indian or the Liberty? My LCS never has any up here in smallville, so I have never seen them in person. The incused Indian looks nice in picture on the web.

R man J's picture

the Indian is the ultimate

...in simplicity of design. Just a beautiful coin... prettier and more appealing...and a little rarer than the Liberty because the Liberty was coined for so MANY years...about 50 years. Liberties are the best deal though. I own a couple Indians, but more Liberties because they cost a little less.  Gold is gold-- know what I'm sayin.... 

¤'s picture

Puddle Of Mudd - Stoned

Anyone else just want to see the silver market snap and scream upwards?  I do.

What's up with that JPM move with all that silver being designated differently today, on a Friday? Seems out of the ordinary to me. Whatever 'ordinary' might actually mean at this point. Seems like they're up to something and moving that much metal (whether it's a physical or paper move) has to have a big effect somewhere, I would think.

The last two days of the trading month were today and Monday. The first three days of next week should tell the tale I think. I see someone else mentioned the bowl pattern in silver and gold and I mentioned it yesterday with that 60 day kitco chart. I think if that 60-70 day period mirrors itself going forward into May and June/early July that would complete the bowl with a spike up at the end.

I want to see silver scream? Anyone else?

Punk-Assets's picture

@ R man J

damn skippy!

Only in modern times has a person been able to work for a McDonalds salary and buy gold teeth, gold rings, gold chains and gold coins with it. 

It ain't gonna last much longer either...

When gold is 5K we'll see how many mickey dees workers can afford a $5200 AGE.

Syndicate contentComments for "TFMR Podcast #18 - The Return of Ranting Andy"