Ranting Andy Hoffman and I connected for a rare Sunday session. The subject of course was the botched bank bailout in Cyprus and the resulting bank run. Could this be the black swan event that catapults gold and silver higher the world into utter chaos. Obviously there will be a large flow of funds into the US Dollar. But Andy believes that propaganda machine has been permanently broken and the end of the gold cartel is upon us. How many billions will the precious metals shorts lose in the next week? We know from massive deliveries on the Comex that a loss of confidence event is very close. Andy, myself and dozens of my other guests have been warning about this for years. Will the elites be able to forestall the collapse yet one more time? Doubtful, but anything is possible.
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