Andrew Hoffman – Will The Swiss Lead The World Back To Sanity?

• Swiss referendum
• The impact of falling oil prices, collapsing currencies, and expanding currency wars
• Pitiful U.S. economy, as characterized by negative reports in construction spending, durable goods orders, factory orders, and today’s industrial production
• The largest ever gap between rigged financial markets and horrific economic data
• 2000 level valuations, sentiment and leverage, in both the U.S. and Europe, amidst worst economy of our lifetimes
• MASSIVE Japan GDP miss, printing this morning at -1.6%, versus expectation of +2.2%
• Largest Chinese bad debt increase in a decade
• Euro 3Q GDP print of just 0.2% on Friday
• G-20 boondoggle, attacks on Putin – who made Russia’s largest gold purchases ever last month
• Record PM backwardization, surging silver open interest ahead of next Monday’s Dec COMEX options expiration, rising premiums, record demand
• Mining companies feeling incredible pain at current prices
• First Majestic holding back production, Silvercorp hinting at cutting production, IAG cutting staff, earnings beyond miserable as year-end reserve calculations, capex budgets, and production plans loom
• So much more!

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