The 40 year gold market veteran and whistleblower, strengthens Ted Butler's silver market manipulation case.
Each ounce of exchange metal is leveraged 100 to 1.
Yet leverage of only 10 to 1 was required to ignite the Great Crash of 1929.
Our guest notes that the trading desks of the 6 key bullion banks and the BIS are in collusion, keenly aware of major turning points and culpable for sharing confidential information with associates.
The huge paper based, naked short position held by the bullion banks exposes them to sizable default risk.
Expect PMs market manipulation schemes to end in 2015, resulting in markedly improved transparency.
Bob Hoye, senior Investment strategist at Institutional Advisors, watches the market all day, every day, tick by tick.
Bob warns that correlation in the markets does not always imply causation.
Similarly, false conclusions such as credit expansion equates with economic growth - are at the foundation of faulty central bank policies.
From 1985-1995, a ten year period was required to double the Fed's balance sheet.
Next, from 1995-2009, approximately 14 years were required. But by 2009, the
Fed doubled their balance sheet over night and again in 2012-2013 and still again in 2014.
What used to require 10-14 years is now happening every other year. Given the unprecedented bailout figure and subsequent credit injections.
The host proposes the bold idea: did the financial system fail in 2009 only to be held together by substantial CB duct tape?
In the 1920's the Fed began Open Market Operations for the first time in national history, holding rates artificially low in turn encouraging speculation, culminating with the 1929 stock market crash and Great Depression - a virtual playbook for the current economy.
Bob says the only thing holding back hyperinflation is the bond / stock market rally, where inflation is destined to eventually find its way to a gold / silver market near you.
With a degree in geophysics and a number of fascinating summers in mining exploration, one winter in "the bush" quickly led Bob into the financial markets. This included experience on the trading desk and in the research department of a large investment dealer, which led to institutional stock and bond sales. Bob's review of financial history provided the forecasting models designed to anticipate significant trend reversals in the sometimes alarming volatility typical of the transition from rampant speculation in tangible assets to fabulous speculation in financial assets. In anticipation of the latter opportunity, a monthly publication for financial institutions was started in January 1982. This competently covered the stock market, the yield curve, credit spreads as well as metal and energy prices. In 1998 the Institutional Advisors website was started as a forum for unique and reliable financial research. Website: click here.
Andrew Maguire Gold Trading, is a trading name of Goldstar Global Ltd. Andrew Maguire Gold Trading is a service formed with the explicit purpose of the education of precious metals traders. Goldstar Global Ltd is a wholesale bullion trading company providing the most advanced solution for the trading and storing of precious metals.Andrew Maguire, Independent London Metals Trader and Analyst, internationally renowned for his unique ability to read the precious metals market with his specialist knowledge and experience gained over 35 years trading in financial and commodity markets is the expert in these highly complex and competitive fields. Andrew directly oversees all of Goldstar Global services.
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