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"Ranting Andy" Hoffman
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quotesQuotes of the Day 

Our government understands the importance of mining for Qu�bec. However, the minerals market is not what it was 10 years ago, and we must adjust to maximize Qu�becers benefiting from what is theirs.

- Nicolas Marceau, Qu�bec Finance Minister (on how what is known as one of the world's most favorable mining provinces will likely increase mining royalties)

 

I came across the following story in my readings today and quite frankly, was thunderstruck! Here is the title - see if it makes you sit up and take notice as it did me! 'Fed Has Bought More U.S. Government Debt This Year Than Treasury Has Issued'

-Jim Sinclair

 

We have got a global rally going on... and the important thing is... there's a floor to the market. When you are in a global expansion like this, to sell...is foolish.

-Bob Pisani, CNBC - February 2007 (JUST BEFORE 2008's GLOBAL MELTDOWN)

 

I will veto any effort to get rid of the automatic spending cuts

- Barack Obama, November 21, 2011

 

I urge Congress to ensure these devastating cuts to defense and job-creating programs don't take effect.

- Barack Obama, February 5, 2013

 

The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. It is a sign the U.S. government can't pay its own bills; and therefore, I intend to oppose the effort to increase America's debt limit.

- Senator Barack Obama, March 16, 2006

 

We are not a deadbeat nation. Thus, Congress must raise the debt ceiling or risk a self-inflicted wound on the economy.

- President Barack Obama, January 14, 2013

 

If you want to see how this story ends, read or re-read Atlas Shrugged.

-Dave Kranzler

 

The world is slowly coming to the realization that only a Gold Standard can cure the world of its financial cancer from metastasized paper insecurities.

-Jim Willie

 

Even the U.S. Postal Service closed suspended delivery Saturday in New England.

-Ironic comment from Associate Press re: "Nemo"

 

Given the nature of the U.S. economy during the housing mania of the last decade, charging S&P with fraud is like handing out a speeding ticket at the Indy 500.

-Peter Schiff

 

 

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interviewsConference Appearance: St. Petersburg, FL
March 13th-16th 

I am pleased to announce that Andy Schectman and Michael Spector will attend the "Investment U" conference in St. Petersburg, FL on March 13th-16th.  Andy will be making a presentation, and both will hold court at the Miles Franklin booth throughout the conference.  If you plan to be in the area, please come by and say hello!

 

For more information, click on the link below:

 

Investment U 15th Annual Conference - March 13-16, 2013

 

 

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presentationSpecial Presentation: Detroit, MI on April 20th  

On Saturday morning, April 20th, Andy Schectman and myself will be giving a public presentation about Precious Metals fundamentals and the bullion industry itself. Final details have not yet been set, but will be shortly. Seating will be limited, so if interested in attending, please contact me at ahoffman@milesfranklin.com.

 

 

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wrap-upFriday Afternoon Wrap-Up 2/8/2013
Andrew Hoffman

I took the day off to go skiing Friday, but didn't skip a beat regarding RANT publication; and thus, I'm writing this commentary Saturday afternoon. There is simply too much at stake to slow down, as the inevitable HYPERINFLATION approaches...

 

Subliminal Message Hidden In Global Central Bank Reflation Effort Exposed

 

...given politicians' uninterrupted track record...

 

200 Years of Escalating Policy Mistakes

 

...of doing what's "WORST FOR AMERICA, but BEST FOR PRECIOUS METALS"...

 

Federal Reserve - the Buyer of ONLY Resort

 

With so many near-term obstacles in the midst...

 

White House Paints Bleak Picture of Sequestration Consequences

 

...it is imperative you understand what's REALLY going on...

 

John Williams: How to Survive the Illusion of Recovery

 

...like accelerating currency wars...

 

Global currency war could get nastier, warns Brazil's Mantega

 

...surging energy prices...

 

Brent-WTI Surges to 2-Month Highs

 

...tightening government controls...

 

Days after Freezing Prices, Argentina Bans All Advertising

 

...heightening lies...

 

China's Surreal Economic Data: GDP Is Both CNY51.9 Trillion and CNY57.7 Trillion at the Same Time

 

...inflating political risks (WATCH OUT for the February 24-25 Italian elections)...

 

An Italian "Hung Parliament" - Europe's Biggest Political Risk

 

...swelling fears...

 

High-Yield Bond ETF Outflows Spike to Record

 

...pervasive fraud...

 

Immigration Reform (For the Wealthy) As Green Card Purchases Surge Over 100%

 

... pandemic bankruptcy

 

How a Previously Secret Collateral Transformation with the Bank of Italy Prevented Monte Paschi's Nationalization

 

...and shocking abuse of power...

 

Messing with the Bull - Peter Schiff

 

The ENTIRE WORLD is amidst an expanding DEPRESSION...

 

Guest Post: Britain's Greatest Depression

 

...prompting "UNPRECEDENTED" MONEY PRINTING...

 

"China Accounts for Nearly Half of World's New Money Supply"

 

...MARKET MANIPULATION...

  

 
Source: Zero Hedge 

  

...a child could recognize...

 

global equity markets   

 

...STUPIDITY...

 

Americans Are Tapping Into Home Equity Again

 

...IRRESPONSIBILITY...

 

State Of Collapse - Leadership is a historical relic - a museum piece 

 

...PROPAGANDA...

 

Guest Post: The U.S. Economy Is Now Dangerously Detached From Reality

 

...and LUNACY...

 

Paul Krugman: "We Should Kick the Can Down The Road. It's the Responsible Thing to Do"

 

...destroying the world's citizens...

 

Venezuela Launches First Nuke in Currency Wars, Devalues Currency by 46%

 

...and preventing them from PROTECTING themselves...

 

Gold Sentiment Poor Due to Range Bound Trade and Banks Bearish Predictions

 

...from the EVIL that is fiat currency...

 

Paper Is Poverty

 

As for today's "trading"; GIVE ME A BREAK ALREADY! I mean, seriously, the blatant MARKET LOCKDOWN amidst the aforementioned slew of "horrible headlines" is reaching EPIC proportions - as the Dow is no longer allowed to decline...

  

dow   

...or interest rates to rise...

 

tnx   

 

As for PMs, government-led PAPER shenanigans continue to mask the reality...

 

31-1, and THAT'S risk management? - LeMetropoleCafe.com

James McShirley

February 8 2013

 

The latest CME margin reductions on gold and silver are once again curious to say the least. With the new levels for gold contracts ($5,940/$5,400 for spec/member accounts respectively) they are escalating leverage to higher ranges not seen since we had $1,900 gold and $50 silver. For cartel, er, member players they now have a thoroughly levered-up 31-1 leverage. In other words for only 5.4 million they can now control 168 million notional dollars of derivatives. Put another way for 5.4 billion dollars they can control 167 billion dollars. Is it any wonder we watch as gold "languishes", and "consolidates"? Peter Warburton accurately pointed out it would only take 200 billion dollars to control the world's combined gold, oil, and commodity markets. At 31-1 leverage 200 billion would indeed control 6.2 TRILLION dollars of derivatives. When you look at how nonchalantly the government ponies up 800 billion for tarp, and trillions for QE's it's easy to see how this gets done. It's not inconceivable to see leverage rise to 35-1 or more with just a modest rally from here.

 

...of exploding PHYSICAL demand...

 

What Record US Mint Silver Sales Really Means

 

...which slowly but surely, is being understood by the world's BIG MONEY...

 

Russian policy study group notes GATA's exposure of gold price suppression

 

Yesterday's PM farce could not be more obvious - although the damage was minimal. To "get it", all one needs to do is compare yesterday's COMEX trading (green) with Thursday's (red) to see the EXACT same "suppression algos" - at the EXACT same KEY ATTACK TIMES of 3:00 AM EST, 7:00 AM EST, and 10:00 AM EST...

  

gold   

...for both gold and silver...

 

silver   

...let alone, perhaps the thousandth "HUI DEAD RINGER" of the past six years...

 

hui   

Speaking of MINING SHARE MISERY, here is a "double dose." I've noted countless times how the juniors peaked in 2007. However, the below chart shows just how virulent the current PM bull has been to mining shares in general...

 

hui gold ratio   

In fact, the below chart depicts how - with few exceptions - mining shares have always been TERRIBLE PM PROXIES (particularly when considering the MASSIVE risks involved in owning them); even during the supposed "best of times"...

 

barrons   

 

In other words, the TRUTH about mining stocks is that - for myriad reasons - they are typically NOT good investments...

 

The truth on gold stocks vs. gold

 

...and if you think the industry's "ills" will simply be fixed by higher prices, think again. Sure, rising gold and silver will act as a tailwind; however, they will be accompanied by MUCH STRONGER headwinds; such as exponentially increased political risks...

 

S. Africa's Zuma equates mine closure plans with "blackmail"

 

...in both "dangerous" jurisdictions like South Africa...

 

Gold Fields spin-off a vote on S. Africa mining industry

 

...and "safe" ones like Canada...

 

Qu�bec Finance Minister To Hold Consultation Meeting Regarding Mining Royalties

 

Hopefully, you'll use this "eye of the hurricane" to PROTECT YOURSELF; lest you be BURIED by the oncoming STORM OF THE CENTURY...

  

winter storm   

 

PROTECT YOURSELF, and do it NOW!

 

Call Miles Franklin at 800-822-8080, and talk to one of our brokers.  Through industry-leading customer service and competitive pricing, we aim to EARN your business.



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Book Private Meetings and Events
Miles Franklin seeks creative ways to partner with its clients to market Precious Metals to nationwide audiences.  If you are interested in hosting a private meeting - or sponsoring a Webinar presentation - with Andy Schectman, President of Miles Franklin, and "Ranting Andy" Hoffman, Marketing Director, please inquire via email to aschectman@milesfranklin.com or ahoffman@milesfranklin.com; or via telephone at 800-822-8080. 

commentaryMonday Morning Commentary 2/11/2013

 

I have battled through "TEN YEARS OF HEAVEN AND HELL" (soon to be eleven) in the PM market; and thus, feel qualified to guide you through the minefield TPTB have erected in their maniacal quest to delay the end of their dying fiat regime...

 

End...of Ponzi - Bill Holter, Miles Franklin

 

...and subsequently, the inevitable, global "REAL MONEY MANIA"...

 

Eric Sprott - Expect $200 Silver as Financial System Implodes

 

Their evil scheme commended when the U.S. "peaked" at the turn of the century; and now that it is officially on the downslope...

 

Guest Post: China Surpasses U.S. As Number One Global Trading Power

 

...its methods have become significantly more Draconian; economically...

 

Fed Has Bought More U.S. Government Debt This Year Than Treasury Has Issued

 

...financially...

 

Does IRS Have Its Sights Set on Roth IRA's?

 

...and politically...

 

Goodbye Fourth Amendment: Homeland Security Affirms "Suspicionless" Confiscation of Devices along Border

 

Sadly, it's not just the U.S. in dire straits; as the ENTIRE WORLD suffers from fiat cancer...

 

The Fed's Bailout of Europe Continues with Record $237 Billion Injected into Foreign Banks in Past Month

 

The symptoms are myriad and spreading...

 

Keiser Report: Wicked Debt Web

 

... as in the Far East; where it's no coincidence Japan's COLLAPSE coincides with new currency wars; and potentially, much WORSE...

 

Is China Mobilizing For A War With Japan?

 

Meanwhile, the irony of Vladimir Putin regaining power just as America is at is weakest cannot be understated...

 

Russia Flips Petrodollar on its Head by Exporting Crude, Buying Record Gold

 

...particularly as Russia hosts this weekend's G-20 meeting; at which Russia will be appointed its new President...

 

G20 should focus on debts, not Japan-bashing: Russia

 

In the Middle East, Western-exported INFLATION is on the verge of catalyzing a new - and likely more deadly - "Arab Spring"...

 

As Egypt Runs Out Of Dollars, Is It Next On The Devaluation Bandwagon?

 

...while the omnipresent threat of WORLD WAR III intensifies...

 

Obama and Syria: As war worsens, rebels need U.S.

 

In South America, currency wars are in full swing...

 

Venezuela Launches First Nuke in Currency Wars, Devalues Currency by 46%

 

...and could get MUCH "nastier"...

 

Global Currency War Could Get Nastier: Brazil

 

...as the continent's leading economies implode...

 

Argentina's Financial Collapse - Past Is Prologue

 

...and leading companies alike...

 

Petrobras chief warns government over rising debt levels

 

In Europe, where across-the-board negative GDP will likely be reported this week -ALL nations are on the verge of CHAOS; from the UK ...

 

Get ready for the triple-dip recession

 

...to France ...

 

French Socialist Nightmare: 'The State Cannot Do Everything'

 

...Spain ...

 

EU Said to Waive Spain's Bailout Pledge on Bank Risk Controls

 

...Italy...

 

Berlusconi Ally Supports Alternative Currency to Euro

 

...and even Switzerland; which threatens heightened MONEY PRINTING...

 

Franc Is Still Overvalued, SNB's Zurbruegg Tells Aargauer

 

...simultaneous with G-7 PROPAGANDA to the contrary...

 

G-7 Said to Discuss Statement to Calm Currency War Concern

 

Meanwhile, the U.S. is in the final phase of SELF-IMMOLATION...

 

Note to Fed: Giving the Banks Free Money won't make us Hire More Workers

 

...as unfettered MONEY PRINTING has destroyed the economy...

 

Households on Foodstamps Rise to New Record

 

...ravaged purchasing power...

  

 
Source: CaseyResearch.com  
  

 

...endangered taxpayer funds...

 

CBO - The Coming Raid on Social Security

 

...and - contrary to incessant PROPAGANDA - NOT fostered a real estate "recovery"...

  

  

 

The economy is on life support...

 

Companies Fret over Uncertain Outlook

 

...and unless another HYPERINFLATIONARY "fiscal cliff deal" is agreed upon - will shortly flat-line...

 

'Sequester' Cuts: The Cliff Congress May Go Over

 

...particularly with Mother Nature on the march...

 

Northeast Crawls Back to Life after Crippling Blizzard

 

I started today's commentary asking you to let me guide you through the minefield of MANIPULATED markets aimed at preventing you from PROTECTING yourselves; not to mention, those far more experienced than myself...

 

Defend Yourself by Not Giving in - Day 2 - Jim Sinclair

 

ALL evidence points to the PM bull continuing ad infinitum - as the "PRIMARY TREND" cannot be denied. This is why you must avoid ALL PAPER SECURITIES (particularly "PAPER PM Investments"); and focus on the PHYSICAL gold and silver that will be your salvation amidst a virtual blizzard of MONEY PRINTING.

 

The Cartel is on the attack this morning (what else is new?); however, PAPER suppression will only cause further PHYSICAL shortages (MUST WATCH)...

 

The Tale of Three Silver Premium Spikes - Chris Duane

 

...particularlygiven that both gold and silver are trading close to their marginal costs of production...

 

GFMS Says Gold Mining Cash Costs Increased 17% to Most Ever

 

The harder TPTB attack, the more desperate they are to prevent the inevitable; and such desperation has NEVER been more evident. Today, amidst the myriad "horrible headlines" noted above, global equity markets are modestly higher, while most commodities are flattish.

 

Gold and silver were too; that is, until the 2:15 AM open of the London "pre-market" - when yet another ALL-OUT PM ASSAULT commenced. Both metals were walked lower at the 7:00 AM EST open of the New York "pre-market" session; followed by a massive WATERFALL DECLINE at EXACTLY the 8:20 AM EST COMEX open...

  

ny spot gold   

As I write at 9:50 AM EST, the Dow miraculously opened down 35 points, while gold is down a RIDICULOUS $20/oz...

 

gold   

 

...while silver -which has been in and out of SHORTAGE the past two months - is experiencing an even worse travesty (although it's still up 2% year-to-date)...

  

silver   

 

The HUI opened down another 2%; destroying brokerage accounts that may NEVER be revived - whilst PHYSICAL gold and silver sits inertly; going NOWHERE! Hopefully, you'll realize that by simply holding REAL MONEY, TPTB cannot beat you. MONEY PRINTING will only accelerate until the BIG ONE hits; and when it does, it will be too late to save your wealth - and potentially, your life - from the inevitable HYPERINFLATION. As they say in Latin, tempis fugit!

 

PROTECT YOURSELF, and do it NOW!

 

Call Miles Franklin at 800-822-8080, and talk to one of our brokers.  Through industry-leading customer service and competitive pricing, we aim to EARN your business.

  

constitutional rights  


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BFI Wealth, Zurich - Swiss Annuities and Managed Accounts    

Miles Franklin and BFI Consulting of Zurich, Switzerland, have partnered for the past two decades in offering access to offshore annuities and managed accounts.  Born at roughly the same time in the early 1990s, both firms have successfully PROTECTED clients via quality, secure, private accounts holding PHYSICAL Precious Metals, annuities, and other managed products.  BFI is a global leader in the sale and maintenance of Swiss annuities and privately managed accounts - particularly to U.S.-based clients; and through its Global Gold subsidiary - utilizing worldwide storage leader Via Mat - offers international Precious Metal storage services in Switzerland, Hong Kong, and Singapore. As with Miles Franklin's Canadian offshore storage program, Global Gold offers allocated storage OUTSIDE the banking system.    

rantThe Primary Trend

 When I commenced my "TEN YEARS OF HEAVEN AND HELL" in May 2002 (soon to be eleven), my first"shadow world" mentor was Richard Russell; a shrewd, hard-edged New Yorker that moved to San Diego decades ago. It was he - and shortly thereafter, Jim Sinclair - that taught me the "ABCs" of currency debasement. I bought in 100%, and have not altered my fully invested PM position since (except, of course, swapping my 100% mining shares position for 100% PHYSICAL bullion).  As it turned out, he was DEAD ON; and thankfully, I have not only PROTECTED my assets, but utilized such knowledge to create a new career for myself...

us dollar index   

Of all the things I've learned, perhaps the TWO MOST IMPORTANT CONCEPTS emanated from Richard Russell; in what feels like a lifetime ago. I mean, back then, I was an Energy analyst living in Park Slope, Brooklyn; while today, I am married, living in Colorado, and marketing Precious Metals.

 

Around that time, Russell coined the term "INFLATE OR DIE"; which, translated to 2013, equates to "QE TO INFINITY." In other words, the understanding governments MUST continue to PRINT MONEY - as fiat currency regimes, by definition, are PONZI SCHEMES - has been the overarching theme of my investment outlook; today, more so than EVER...

  

st louis fed   

Secondly, he coined the term "PRIMARY TREND" to describe indomitable, inexorable market forces that CANNOT be stopped until they fully "express themselves." In this case, he was referring to the upcoming dollar collapse and PM explosion; no matter how hard the government or its henchman Central banks attempted to prevent it. To avoid immediate economic implosion, they must "INFLATE OR DIE"; and thus, the "PRIMARY TREND" of collapsing currencies and rising PM prices must continue...

 

spot gold  

spot silver   

 

I've learned quite a bit since then; such as that the "dollar index" is not the best proxy for "currencies" because of its heavy Euro weighting; or that "DOLLAR-PRICED GOLD" is not the only proxy for gold - given it's priced in ALL currencies.

 

However, the BIG PICTURE remains the "PRIMARY TREND" of fiat currency collapse and REAL MONEY appreciation; and with each passing day, the odds of "full expression" of these trends dramatically increase. Once you understand this "HOLY GRAIL OF THE FINANCIAL WORLD," you'll realize how easy it is to prepare for the inevitable END GAME.

 

PROTECT YOURSELF, and do it NOW!

 

Call Miles Franklin at 800-822-8080, and talk to one of our brokers.  Through industry-leading customer service and competitive pricing, we aim to EARN your business.

   

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mailboxRanting Andy's Mailbox

 

Hi Andy,

 

The Anti Gold / Silver Cartel has been our best friend in keeping the price down.

 

In doing so. they have given us ALL the chance to exchange their fiat "paper" for Gold and silver at the lowest exchange rate possible.

 

Be this by intent or not, that is the reality of their actions.

 

 

Regards,

 

Ray

 

Ray,

 

Whether they are to be considered "friends" for the evil they have perpetrated on the world is debatable.

 

But you are DEAD ON in your analysis of the unintended consequences of their actions!

 

Andy

 

Andy,

 

I was being very facetious with my use of the word "Friend".

 

Somehow the use of the word "evil" is just not enough to say how really evil "they" have been, Are, or will be, in the coming years.

 

Many years ago I read "Jekyll Island" which cemented my resolve to find a way out.

After reading this I could no longer allow the fruit of my labor to feed this Evil machine.

So 20+ years ago I started searching for somewhere to implement my escape.

 

1] Limit my use of fiat paper as much as possible.

2] Conversion of assets to gold.

3] Grow my own food and become independent for energy.

 

In effect to "Opt Out" of the system.

 

I don't know if my solution will prove to be correct, but at least I feel I have tried my best to stop feeding the evil.

 

May the Force be with you Andy.

 

Ray

 

_______________________________________________

 

Andy

 

Hi Andy, I read you almost every day, each cartel algo carefully noted for posterity.  As one who exchanged two thirds of his cash into silver just prior to the 'May Sunday night massacre,' I keep wondering how this position is to improve or resolve to the upside when, as you point out today, "It will be a cold day in hell before the government ends its own suppression scheme." If the governments and their banks control and own the world's assets, and have only to sell PM paper at will in any quantity, then what is it that you project is the hope of our small community and 'band of brothers' and the specific event(s) that will even begin to win the day?  That is, short of the end of the world.  

 

Paul

 

Paul,

 

They can sell all the PAPER they want, but they can't control PHYSICAL demand.

 

That is why the US Mint just sold out last month, and why it will continue to do so until the Cartel is DESTROYED - just as the "London Gold Pool" was in 1968.

 

Relax, you have already won.

 

Andy

 

_______________________________________________

 

Andy,

 

In a real bull market, trade volume INCREASES along with PRICES.  In American stock markets, this has not happened reliably since 2000 and not at all since 2007.   This suggests that the 2008-2013 'bull' market is not a bull market at all, but a manipulation.

 

Besides, if the Federal Reserve is monetizing the stock market to keep prices rising, what you really have is a chart of inflation, not value.  Meanwhile, the wrong stocks are rising:  dot coms, and financials, not commodities and gold shares.  Oil and energy stocks are declining despite increasing scarcity, and worse, the price of lower quality oil OUTSIDE the United States is RISING (Brent Crude), while the price of the higher quality WTI crude is flat INSIDE the United States.  So either the law of supply and demand has been inverted, or oil prices in the United States are suppressed.  The same goes for precious metals. 

 

B

 

 

 

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Reliable Financial Advisors  

In a world of heightened speculative and counterparty risks, finding someone you can trust may be the most important research you do. Miles Franklin does not sell stocks, but is frequently asked if we know of reputable, full-service brokers. WE DO NOT CONDEMN OR CONDONE EQUITY INVESTMENTS, but want investors with such interest to be honestly and competently handled.

In resource stocks, the folks at Sprott Global Resource Investments - managed by Eric Sprott and Rick Rule - are the best in the business. In various capacities, we have worked with Eric Angeli, Jeff Howard, Kenton Toews, Mishka vom Dorp, Jason Stevens, Anthony Marsh, and Andrew Jackson - all of whom are diligent, ethical, and knowledgeable. That style of business is indicative of the reputation Global has built over the past 25 years. You can feel comfortable with any of their brokers, reachable at 800-477-7853.

For all other stocks - including large cap gold, silver and other resource equities - Nick Shermeta, from Northland Securities here in Minneapolis, is as trustworthy and knowledgeable as they come. Nick is a Senior Vice President with more than 20 years experience, but will treat you as if you were his only client. You can reach Nick at 612-851-5908, or by email at nshermeta@northlandsecurities.com.

The common denominator is decades of Wall Street experience, which should give you comfort that well-seasoned and weathered hands are helping manage your portfolio. Notably, we do not receive compensation for these recommendations. We just want you to know that if they are good enough for us, they should be good enough for you too.

About Andy Hoffman

Andrew ("Andy") Hoffman, CFA joined Miles Franklin as Marketing Director in October 2011.  For a decade, he was a U.S.-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 under the moniker "Ranting Andy."  Prior to joining the company, he spent five years working as an Investor Relations officer or consultant to numerous junior mining companies.   An archive of Andy's "RANTS" can be found on the Miles Franklin Blog here.

 

For more information on Miles Franklin Ltd. visit our website.

 
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