Andrew Hoffman, Miles Franklin, Released on 4/25/16
It’s Saturday afternoon on the flight home from Ft. Lauderdale, following a wonderful day at the beach with my family – including my father, who has lived here since 2009. Thursday night’s Q&A event was a tremendous success – with 200 people attending, 500 participating in the interactive webcast, and Kerry Lutz doing a tremendous job hosting. To that end, the entire three-plus hour proceedings were uploaded here. And for those living in Houston and Chicago, we hope to see you at our upcoming events on May 20th(hosted by Daniel Ameduri of Future Money Trends) and June 24th, respectively – which you can register for by clicking here and here.
As for what occurred outside the cloistered world of our Florida event, it’s difficult to put into words the madness of what were once markets, in an environment where economic fundamentals catalyzed movement until roughly 15 year ago. In equities, the “Dow Jones Propaganda Average” is now being propped by the “dead ringer” algorithm on roughly 90% of all trading days – including yesterday, when the top stories were the lowest manufacturing PMI since 2009; plunging Philly Fed and Chicago Fed activity indices; 12,000 job cuts from Intel; and horrific earnings announcements from economic bellwethers Microsoft, Google, Starbucks, Caterpillar, and Visa. To that end, I can’t wait to see what the Fed and Bank of Japan say at their respective policy meetings this Wednesday – as it sure as hell better be mega-dovish.
Andrew (“Andy”) Hoffman, CFA joined Miles Franklin, one of America’s oldest, largest bullion dealers, in October 2011 and serves as Marketing Director. For a decade, he was a US-based buy-side and sell-side analyst, most notably as an II-ranked oil service analyst at Salomon Smith Barney from 1999 through 2005. Since 2002, his focus has been entirely on precious metals, and since 2006 has written free missives regarding gold, silver and macroeconomics. Prior to joining the company he spent five years working as an investor relations officer or consultant to numerous junior mining companies. Andy’s articles can be found on the Miles Franklin Blog, at www.milesfranklin.com.