A2A with Andy Hoffman of Miles Franklin


What perfect timing for an update from Andy Hoffman of Miles Franklin!

With so many questions now surrounding The Generally Accepted Narrative of 2017 and the Great Trumpflation Trade, it was great to have Andy Hoffman in for A2A today. Aside from sharing his opinion on a wide range of topics, Andy also specifically addressed questions from the listeners including:

  • His current thoughts on the miners and the mining sector as a whole
  • What might follow after the eventual collapse of the dollar-based system
  • Whether Trump will follow through on his promise to "drain the swamp"
  • The viability and significance of Bitcoin and other "cryptocurrencies"
  • The recent assertions that global physical gold demand is falling
  • And much, much more!

Thanks again to Andy for being so generous with his time today and we once again encourage everyone to keep the good folks at Miles Franklin in mind whenever you're in the mood to add to your stack!


p.s. The audio level of my input today seemed to get dramatically ramped higher. My apologies.


Mar 23, 2017 - 2:41pm

panic first

panic best

Island Teal
Mar 23, 2017 - 3:03pm

2nd or 3rd

thanks TF angel

Now to listen....

Mar 23, 2017 - 3:15pm


Whee! It's been a while. Turds up late/early

Dr. P. Metals
Mar 23, 2017 - 3:15pm


$6.66 pretty fitting. Stopped out for another 10% loss crying

Mar 23, 2017 - 3:16pm

Ranting Andy and Turd

Should be well worth the time.


Mar 23, 2017 - 3:47pm

anybody notice

that spx is 14 points off its high today and bounced just above the 50 DMA. 59 dma is 2329 and spx at 2343--if it breaks below the 50, which is still ascending, it could be a rapid fall to 2210 which is the 200 dma.

I say that due to all the leveraged HFT scrambling, and if that happens look for a good metals rally.

Dollar? skewed to weak side. That s/b more prevalent but not while the Fed can intervene in forex.

gold leader
Mar 23, 2017 - 3:49pm



104365 Dr. P. Metals
Mar 23, 2017 - 4:04pm




I really thought we had most of the sellers capitulate yesterday....

Mar 23, 2017 - 4:13pm


Curses . . . Missed my Crazy Eighth!

Stack on!

Mar 23, 2017 - 4:37pm

top 10

stop watching the reality show, it's designed to shift your energy and divide us.

Mar 23, 2017 - 6:09pm

Andy is...

...a common sense kinda guy. You can listen to what he says and get a sense that he sees things with clarity. His comments speak to the truth of the matter, from the big picture view. I enjoy most of what he says, and agree with nearly all of it, except for his dastardly view on the miners.

Good interview...THANKS ANDY AND TURD !!!!

Mar 23, 2017 - 6:18pm

Bitcoin Andy always hates miners

Nothing new you can always depend on him bad mouthing the miners so why ask? He does like bitcoin though and has been all over talking it up with Bix and some of the other BTC heads.

Mar 23, 2017 - 6:28pm

h&s patterns

A few head and shoulders patterns to keep an eye on over the next month or so.



Mar 23, 2017 - 6:49pm

With all respect to Craig

I would like to hear Dave Kranzler interview Andy. Or perhaps a 3 way (blush).

Mar 23, 2017 - 7:49pm
Mar 23, 2017 - 7:50pm


that made me crack up !

Mar 23, 2017 - 8:25pm

So Andy

When I bought Seabridge at $0.10 and sold at $7.00 that was bad??

Mar 23, 2017 - 8:58pm

I'd like to see a three way

Bill Holter, Bo Polny and Jeff Berwick.

Turd acting referee and color commentator.

I'd pay a dollar to see that tag team

Mar 23, 2017 - 9:16pm

See this

If you've been following along as we've been posting the links over the past 24 hours, then you need to see this. It looks like the Montgomery information may be about to see the light of day.


Mar 23, 2017 - 9:26pm

Dead Men Walking?

– Ted Butler

"Further, we know that the 7 big COMEX silver shorts are mostly foreign banks, speculating their butts off on the short side of silver and are not, repeat not, legitimately hedging in any way, just taking the other side of a speculative derivatives bet. Because there is no legitimate basis for why a Bank of Nova Scotia, for instance, would maintain a massive short position in COMEX silver, then, by definition, the basis for being short must be illegitimate. There is no way anyone could construct a legitimate economic motive behind the 7 big shorts’ massive and concentrated short position in COMEX silver; otherwise I would have heard it long ago. And not for a moment am I exempting JPMorgan in the legitimacy department, just in the 7 dead men’s fate.

What makes the 7 big traders dead men walking is that they can no longer resolve their fate profitably. It took years to create this very unique situation, but basically, they are trapped. There are only two ways for any short to get covered – by actual delivery or by buying back the short position. How the heck are the 7 big COMEX silver shorts going to secure 350 million ounces of physical silver in a hurry , with which to deliver against and close out their huge short position, when JPM has put a strangle hold on physical silver? Look at the current March silver delivery process – JPM has taken nearly all of the 15 million oz delivered this month. Any attempt by the big 7 to buy physical silver in any reasonable quantity would send the price soaring and financially cripple these traders."


Mar 23, 2017 - 9:40pm

Smokin Gun

I hope we start having a whistle blower never ending bonanza of Revelations...Need a bunch of jail residents who write books.

Mar 23, 2017 - 9:42pm
Mar 23, 2017 - 10:02pm

Montgomery's disclosures can't be the 'smoking gun'

Actually, Craig, there is little to no indication that Mongomery's disclosures was what motivated Nunes to meet with the Donald. Montgomery's whistleblowing to the Ef Be Eye (under immunity as per the open letter sent to Nunes and other members of the house oversight committee, including ranking democrat member Shiff, btw), was initiated TWO YEARS AGO!

This is the big news, that Director Comey testified under oath on Monday that the Donald was not under surveillance, despite the EBE having all this knowledge (47 hard drives, 600 million pages) that detailed he (and other high ranking individuals) have been under surveillance since 2004!

Strong indication here that the EBE (i.e., the director), has either not been informed, which means someone in that organization may have quashed the investigation, or that he can't be trusted, possibly due to collusion with the Obama administration. What is most curious is why Nunes did not do as Klayman requested and question Comey about this on Monday under oath.

Okay, having said all that, Montgomery's disclosures concerning illegal mass tapping of American citizens cannot possibly have provided any specific info regarding tapping of the Donald's campaign or transition team, as the information he provided is at least 2 years old.

The disclosed information that Nunes said he became privy to apparently involved something akin to 'private eye' reports of inappropriately disclosed information about the Donald and his team that was obtained by whatever (incidental) means, that appears to have been inappropriately (or illegally) disseminated amongst the Obama administration during the campaign and transition period.

That is what Nunes' was talking about, not the open letter Klayman sent to him and other House members regarding the Montgomery whistleblowing and subsequent EBE 'investigation'.


Posted again here for those yet to have read it: https://www.freedomwatchusa.org/pdf/170321-Final%20Whistleblower%20Letter.pdf

Try searching google news using these obvious search terms:
Nunes Montgomery whistleblower Klayman

...tells you all you need to know
I counted just ONE HIT since that bombshell letter was sent, and just five hits in total!

Mar 23, 2017 - 10:28pm


Very well thought out.

Forget what they are saying. (all lies)

Pay very close attention to what they're NOT saying.

Mar 23, 2017 - 10:30pm

Miners in the morning..update

More of the same...today's market pattern was bad in the morning and better in the afternoon. If you bought JNUG at the open today and sold at noon, you were down -9%. If you bought JNUG at noon and sold at the market close, you made about +2%.

Here is the intraday chart from today:

I ran my script again, and the average price change per day of JNUG from the past 20 trading days (including today):

Buy at open, sell at noon: -1.34%

Buy at noon, sell at close: +0.15%

Why does this persist? Don't the HFT computers see the same thing?

Mar 23, 2017 - 10:36pm


Multiple reports on twitter tonight that Lil Kim is preparing for another underground nuclear test.

Mar 23, 2017 - 10:42pm

OI (preliminary)

Gold Futures +8,413

Sliver Futures +814 (total 192,328). The longs stay strong...Good.

boomer sooner
Mar 23, 2017 - 10:45pm

Copper forming a pennant?

Going back to 2-3 months for the low. Not a chartist so could be waaaay off. May affect silver tho.

Mar 23, 2017 - 11:12pm
Mar 23, 2017 - 11:14pm


gold 8.3%

Silver 10%

SPX 4.8%

HUI 9.7%

GDXJ 14.9%

GDX 10%

Become a gold member and subscribe to Turd's Vault


Donate Shop

Get Your Subscriber Benefits

Exclusive discount for silver purchases, and a private iTunes feed for TF Metals Report podcasts!

The TFMR Silver Round
Key Economic Events Week of 2/11

2/12 12:45 ET GCP speaks
2/13 8:30 ET CPI and three Goon speeches
2/14 8:30 ET Retail Sales (December)
2/14 8:30 ET PPI
2/15 8:30 ET Import Price Index
2/15 9:15 ET Cap. Util. & Ind. Prod.

Key Economic Events Week of 2/4

2/5 8:30 ET Trade Balance
2/5 9:45 ET Service PMIs
2/5 9:00 pm ET Trump SOTU
2/6 8:30 ET Productivity and Unit Labor Costs
2/6 7:00 pm ET CGP speech
2/7 9:30 ET Goon Clarida speech
2/8 10:00 ET Wholesale Inventories

Key Economic Events Week of 1/28

1/29 10:00 ET Consumer Confidence
1/30 8:30 ET Q4 GDP first guess
1/30 2:00 ET FOMC fedlines
1/30 2:30 ET CGP presser
1/31 8:30 ET Personal Inc, Cons. Spending and Core Inflation
1/31 9:45 ET Chicago PMI
2/1 8:30 ET BLSBS
2/1 9:45 ET Markit Manu PMI
2/1 10:00 ET ISM Manu Index
2/1 10:00 ET Construction Spending

Recent Comments

by Maestro, 1 min 39 sec ago
by Marcus, 26 min 46 sec ago
by Marcus, 47 min 11 sec ago
by AGAU, 1 hour 17 min ago
by Turd Ferguson, 1 hour 34 min ago