A2A with Andy Hoffman of Miles Franklin

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All of the current global and market turbulence meant that it was an excellent time to check in again with the great Andy Hoffman of Miles Franklin. And Andy doesn't disappoint with 45 minutes of true, must listen audio.

First of all, I want to warn everyone that this is going to be one of those threads where we freely and openly discuss Bitcoin in the comments section. One of the reason I wanted to have Andy in for A2A is that he is an advocate for both BTC and gold...and he sees them as complimentary tools to end the reign of The Bankers and NOT as competition for each other.

So, in addition to a discussion of the value of cryptocurrencies in the fight against The Banks, Andy also addresses:

  • The recent PM flash crashes and how The Bankers are now brazenly rigging prices
  • How the market narrative (GAN2017) instantly changed the moment Trump was elected
  • His distrust of Trump, despite having voted for him
  • How declining silver miner production as a result of price manipulation is working against The Bankers
  • How and why the G-3 total market management system will eventually fail

Again, Andy has been a stalwart friend and ally in the fight against The Cartel for as long as I have known him. It was great to visit with him again and I'm confident you will gain a lot of perspective by listening to this podcast.



Turd Ferguson's picture

G-3 defense of 109?


Count five 5-minute candles where 109 is not violated. Hmmm....

canary's picture

Wonder if North Koreans have access to...

something like "Radio Free Asia"?....An equivalent of "Radio Free Europe".....That was fun to listen to.

scoremore's picture

Maybe coiling up for a big move tomorrow?

Friday sometimes is a big day when there is unresolved political issues moving into the weekend.

I am very optimistic on Ag right now....perhaps foolish...

But I am getting the vibe something big is brewing...I don't have to bet on it....my position is staked already.

Bobby McFerrin day tomorrow for the metals.

JQuest's picture

Jim Willie (08/10/2017)

scoremore's picture

Lookie here...

This looks even better tonight...


infometron's picture

@Dr P Re: whining

Almost as much time as you spend (on topic) whining about PM shills surprise

BTW, Don't mistake 'whining' for good humor and healthy skepticism,* in any area whatsoever, otherwise you may find yourself in the unpleasantly familiar situation of whining about cryptoshills sometime down the road. wink

*I still think my ideas about TLP and JNT were right on point, lol. Just like the dot.com hysteria in the late nineties, don't you sense something similar may be unfolding today? Caveat emptor. Beware of shills of any kind.

infometron's picture

A special thank you to @AIJ

For broadening my horizons and contributing to my information overload ;^)

infometron's picture

Here is the Rory Hall article cited in the A2A


Is he 'just wrong'? Wait! Don't answer that! :^))

Blythesshrink's picture



Looks like 'part' of the website is up.

Markedtofuture's picture

The Monetary Crisis Cycle Comes in Two Flavours

Posted Aug 11, 2017 by Martin Armstrong

QUESTION: Mr. Armstrong; I attended the Paris conference of the BIS when you were the keynote speaker. You delivered a forecast that was probably too far ahead for its time. You said the euro would go through and it would first drop but then peak with deflation in 2008 after the markets crash from 2007. You elaborated saying currency rises during a crash when people run to cash. You also said the euro would then decline for 13 years into 2021 before a new system will emerge.

That stuck in my mind and I watched it fall then rally into 2008 and the crash of 2007 you forecast some 10 years in advance. My question is simply this. You said, if I remember correctly, that the dollar would soar thereafter and we would see another monetary crisis as we did in 1985. Is this your Monetary Crisis Cycle you will reveal in Orlando?

I, and a few others from that conference, have bought tickets. I hope to shake your hand this time for a job well done for they would not have tried to stop you forecasting if you were like everyone else who are usually wrong.

All the best


ANSWER: Oh yes. I remember that event. I sat at the head table with all the central banks of Europe and the French host was upset how the table began speaking English because it was the one language everyone knew. He was so pleased when I ordered my meal in French.

To answer your question, the Monetary Crisis Cycle has two phases. There is a short series and a long series. These are frequencies that result in major upheavals in the world monetary system but each results in a slightly different outcome and we are converging between the two. They have brought governments to their knees. This is the culmination of fiscal mismanagement since World War II as we prepare and go through the pains of labor before a new system emerges.

All of these things are connected. This is the most hated bull market in history. April 2017 was 97 months from the start which was the length of the bull market into 1929. After 97 months, the majority were bearish not bullish. Only now are retail investors starting to come back. I have warned that threshold was 23,000 on the Dow. We can see that happening right now.

Our forecast back in 1985 that the 2016 election in the States would be the first time a third party could rise was on point. Trump effectively pulled off a coup and took over the Republican Party. The elites didn’t get it and said all these people voting Republican for Trump were not “real” Republicans. They are too corrupt to see that they are indeed the problem and it is not Trump as a personality that won, it was part of the birthing process that we are in before a new system emerges. The old elites will be dead soon and a new age is dawning. Yet they will not go quietly into that light – they will rage against the coming of the light as they say. I have warned that the start of the Private Wave in 1985 meant that confidence would shift away from government and this would be one day seen as the Crisis in Democracy wave.


Blythesshrink's picture

Bullion Coin Launch Date -

Bullion Coin Launch Date - Aug 15th

" BullionCoin launch August 15th 2017 timed to coincide with 46th anniversary of Nixon closing the 1971Gold Window "


The other thing about this proposed launch date is that it's going to come at a time when the bullion banks have likely just been issuing large numbers of naked shorts again.  Let's hope AM is correct regarding the physical demand that's going to follow.

Also - given that launch date, we should see the rest of the website going live over the weekend I assume.

happycamper515's picture


Way to go AM. Now to see how this really impacts the price of PMs going forward. 


Gibbo's picture

BullionCoin Launch

What is I find funny is that last night I posted an article (http://www.goldvu.com/bullioncoin-launch.html) and a tweet suggesting that 15 Aug would be a great day to launch BullionCoin:

And what do we have the next day? 

AM making an announcement on twitter saying 15th August is BullionCoin's launch date. Seems I hit the nail on the head again!!

Of course...he takes all the glory for it. 

Blythesshrink's picture

Question for David regarding ABX

If you see this, I'd really appreciate your input - where does the ABX source its physical metal from at the moment. Let's just assume that AM is correct and that we see a big surge in buying on the ABX to provide the collateral for bullioncoin generation - does that physical metal currently get sourced from miners directly - or from the other exchanges like Shanghai and the LBMA? 

I guess as an 'exchange', the ABX sellers/suppliers could source their metal from anywhere - but I just wondered if there's any data indicating what kind of entities are currently the main sellers there and where they get their gold.

Is the price on the ABX, independent from say the LBMA and Shanghai fixes - could we see the price of gold on the ABX surge - but no immediate impact on the other exchanges? Presumably if the price spikes on the ABX alone initially, then that would fairly quickly instigate metal demand elsewhere due to the arbitrage opportunity?

Thanks in advance for any insights you can offer! :-)

Gibbo's picture

Question re ABX


The ABX uses a list of pre-approved suppliers which are mainly refineries and mints, who likely get it from the miners. I don't have any data on volumes of metal sourced from ABX's liquidity providers.

You can see the full list of liquidity providers on the penultimate page of my ABX product list: http://www.goldvu.com/precious-metals-list.html

I think price setting for refineries/mints can differ between them. Some buy from the miner and resell, others take a portion of what they processed and resell. The price refineries use is more important if they buy and resell (I'm not sure if they will buy without fixing a price by just giving an indicative one based on what they can sell it at).

The LBMA price is still widely used for physical. If the demand picks up on the ABX through strong BullionCoin buying, then the higher ABX market prices will then make it more likely for refineries to adopt ABX's XAAU price over LBMA's XAU price.

The XAU price being 1% physical should mean that even a little bit of movement of preference of selling into the ABX XAAU market, then London as a physical price setter could be shut down. However, they will still try to price the paper gold.

Blythesshrink's picture

Thanks very much David - very

Thanks very much David - very interesting.

Turd Ferguson's picture

CDG shoved lower right at the


CDG shoved lower right at the Comex open. Be alert for the CPI in three minutes.

Turd Ferguson's picture

Recall that the PPI came in


Recall that the PPI came in at negative 0.1% vs expectations of +0.1%.

Well, the CPI just came in at +0.1% vs expectations of +0.2% and YoY was 1.7% vs 1.8%

More bad news for Mother and this sent the USDJPY spiking LOWER for once, all the way to 108.80

MrC's picture

A2A with AM

I vote for an A2A with Andrew to discuss BullionCoin and other things, would be fantastic! laugh

fluxplus's picture

Jojo action on USD/JPY

Jojo action on USD/JPY and gold and silver down after initial spike. What next?

Turd Ferguson's picture

Clearly the G-3 has had enough


Intervention to prevent another selloff in equities?

jwmkratz's picture

Not really worried...

... once we get through the "season" things will improve...norks or no norks...the big challenge will be to see if there's a resolution to the debt ceiling problem...a continuing resolution has always served as the proverbial can that get's tee'd up and kicked to save the day...We'll start hearing about shutdowns and people starving because they can't get their bennies or meds. Let the games begin....

StevenBHorse's picture

Just another day in paradise


<run tirade.exe 

<spare no dirty word


At least my new profile pic loaded.  That's me teaching my son how to ride his motorcyle.

Turd Ferguson's picture

And check this out


That massive "unexpected reversal" in USDJPY suddenly puts it right back on the same glide path up it had been following since early this morning. Imagine that!

lakedweller2's picture


Water boarding is appropriate afterall 

Turd Ferguson's picture

This week with Eric

yukon123's picture


What rabbit will the PTB pull out of a hat to continue this charade today? Don't see any good news possible on the horizon.

BarnacleBill's picture


is too good for them. Crucifixion.  Make Wall Street look like a scene out of Spartacus.

JQuest's picture

@ Waterboarding

Or scene from Vlad The Impaler... laugh

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