Another entertaining Podcast

Well, why not another podcast. Its sure easier than writing a whole article with footnotes and everything.

And I just don't understand why Bo won't return my calls. I thought we really had something going there a couple of days ago.

Direct link to listen online

Disclaimer: My trading advice is not intended to advise you. I just cannot keep my mouth shut.

Credit to ZH for the charts and to the late Hendrix for providing appropriate music.


Rakka's picture

1st from Japan

oh yeah

Mr. Fix's picture

2nd, Keep them coming, Dr, J


boomer sooner's picture


Groundhog day?

Marchas45's picture



AlienEyes's picture


I'll take the fifth.

Maestro's picture

I smell a...


MJP0620's picture

Nah.  Just tired of checking

Nah.  Just tired of checking in here and reading 'Furst' and 'Turd'  ;)

Maestro's picture

You've been a member for less

You've been a member for less than 13 weeks.  Posting an article which is nothing more than fear mongering.  You grow tired of seeing people post "first!"?  I grow tired of discussion not founded upon reasonable rational intellectual thought.

You are in the wrong forum....please sell any gold you may have, and buy Netflix.


MJP0620's picture

Sorry.  I didn't realize you

Sorry.  I didn't realize you were so susceptible to fear.

AIJ's picture

6 Days Till "BO" Day

I know it will happen because he's so sure.


SaratogaPrepper's picture

Doc Jerome!

A podcast Master.

Gramp's picture

thanks Dr. J!

Great job bud! Thanks!

4 oz's picture

Marchas45's picture

Great Podcast Dr. J

But Heck You Just Made Me Do A Recliner Report and It Will Take 2.5 Hrs To Upload and I Usually Go To Bed At Nine and There's Two Hrs Left To Upload.laugh Keep Stacking

KeynesianKryptonite's picture

Some Questions and Thoughts on the Sunday PM Massacre

Did the Bank of International Settlements, the central bank of all central banks, as Zero Hedge alludes to in their recent story (, actually orchestrate the Sunday night, 4-second massive dumping of $500 million worth of paper gold?

Or was it the Chinese acting alone?

C’mon, everyone here knows that the Chinese are the likely culprits, right? Smash the price of gold, wait for the waterfall bottom, and then swoop in to buy it at a discount right?

That narrative seems believable, given that days earlier the world was officially told that Chinese gold reserve accumulation was far lower than what had previously been reported; and now, as the TPTB would have everyone believe; the PBOC or their agents were just using market manipulation to make up for lost time to acquire sufficient reserves of gold to meet an October 2015 vote to become a member of the IMF with SDR representation.

Suuuuuure, whatever, those inscrutable Chinese.

Or, was it more than likely done through some mysterious and yet to be named proxy in New York, aka the NY FED, as the ZH story alleges, and not some Chinese seller or other Asian hedge fund? And was the BIS also the involved and acting as a silent go-between in the background?

If it was indeed the NY FED, one of the few institutions with the fiat balance to absorb the losses in the sale; were they acting quietly through JPM who in turn used their newly structured FX derivatives book, which now includes gold, and can be used like a giant stealth sledgehammer, and could run the sale anonymously through the COMEX?

(NOTE: Is this the new normal, and also a warning for the silver community because of the sledgehammer that Citi now wields with their new and significantly increased PM derivative holdings??????)

So did the Fellin suddenly recognize the signs of hyper-volatility, uncertainty, the growing numbers of scared investors in the markets, and the recent warnings from the IMF and the BIS about a liquidity crisis brewing?

And, did the FED also recognize that they were perilously close to running out of options and credibility to sustain confidence in the market with all of their meaningless hat tipping and endless jawboning back and forth about raising rates, less QE, removing ZIRP; and of their failure to follow through without taking any meaningful action on these?

They now have a 7-year QE program that they are unable to escape from, on that has propped up private banks with Central bank funding, added 4-Trillion dollars debt to their own balance sheets, and are now confronted with an economy precariously close to entering a deflationary recession. They know QE is not sustainable, but the markets expect it. If QE is terminated, or interest rates are raised by more than one half of percent, the FED could not service the interest on its debts; and  liquidity would slowly, but then rapidly dry up, and the economy would most certainly crash.

The only option they have, besides of course lying, is to alter the reality with a believable and mutually agreeable scenario. A scenario that on its face seems to be a natural act of greed and manipulation by a country that has already has already been portrayed by the lamestream media as having questionable reputation in reporting the truth about its economy.

So what to do?

You slam gold in a monstrous $500m washboard sale and do permanent technical damage to create a bullish-dollar/weak PM cover story to convince the market that there is still enormous faith and strength in the fiat currency and Gold is still a barbaric relic.

But, and here’s the nasty part; you tip off the Chinese beforehand to the fire sale that is about to take place, and that if they want to participate, they have to keep mum and arrive when the doors open; only then will they will be the first in line to take advantage of the deep discounts.

Finally, why has the CME been mysteriously silent about all of this?

Dr Jerome's picture

BIS and other theories

We seem to be in new territory with all the potential for collapse around the world and the bankers chained together that will all get dragged down to the bottom along with the first one to fall overboard. The central banks can keep delaying it, but seven years in, it is obvious they have no answers. And Ben Bernanke so smugly told congress he had things under control and could stop inflation in its tracks.

We are in uncharted territory. We all know what can go wrong, but nobody has the guts to do the right thing (except Iceland). When money becomes trustworthy (gold backing) and capital markets have their shackles of government regulations removed (or at least lightened), then we might have a chance. Yet, the debt must be paid or written off. Who will blink first?

And JP Morgan does not lose.  I will be very curious to learn whether or not this large physical position in silver is real or a propagandistic fabrication for the purposes of misdirection. Waiting for the next Jim Willie for more clues.

Texas Sandman's picture

cycle analysis

PMs are cycling the drain...

McFly's picture

My Facebook friends hate silver

I've decided to post my comments here instead of Facebook, since nobody there wants to hear this stuff. The last time I posted something about metals on FB, you could almost hear the crickets. My mom hit "Like", however, which was kind of nice, but it's also a bit of a bad sign when your mom is the only one who comments on your post, and it's nothing more than a "Like."

By posting about metals on FB, I also risk starting an argument with one of my economist friends, who sometimes remind me that you can't "eat" gold. And then I proceed to tear them a figurative new one with all the great arguments, research, and statistics that I get on sites like this one. But then  I not only look boring to all my FB friends, but I also look mean. And who wants that? So instead, I post a picture of an angry cat, which gets tons of clicks, likes, and comments, and then I come here to share useful stuff.

What's unfortunate is that I forgot what I was originally going to post. Ah well, if it's important, it'll come to me sooner or later. But a few relevant things I have noticed lately: (1) The standard price for 500+ oz of silver rounds on APMEX has gone up yet another 10 cents (currently at $1.29 over spot.) It may not seem like much, but I still think it's funny that after this "huge and terrifying price plunge", the price of 20+ 1 oz rounds of silver is still about the same price that I've been paying all along, just under $17.00. If prices are dropping, how is it that I can't get a better deal than I've been getting when silver was $15.50 (i.e. when I was buying the dips)? (2) My coin shop still had a few silver bars when I showed up the other day, all of which I bought in the hopes that it would be the clincher that finally breaks the Comex, but the lady there said that she's "trying to get it wherever [she] can", suggesting that she's having trouble sourcing it without a big delay. Interesting times indeed. (3) Did silver inventory today. That always feels good! :)

Finally, I bent another knife trying to get into APMEX's latest package. (Those of you who have bought from them know what I'm taking about!) Seriously though, their cardboard packaging could easily be repurposed as a glue trap for mice and such. But it's nice to know that my silver isn't going to fall out somewhere along the way.

Maestro's picture

And ignore..


canary's picture

Justice fo all.

And now I want to see the electric chair for the S&P, bonds, and the king dollar.....same treatment as the miners have to go through.

simondai777's picture

all fucking wrong

shut it down

benque's picture

!!!!DON'T PANIC!!!!

Its all just part of the great unravelling, of the ragged cloak draped over the world by the bankster maggots, to disguise their wanton thievery and perversion.

We've got to expect some stink as the banksters fester, and hope for clear air and free markets to follow.

Whitecastle123's picture


I do miss the days of the banker suicide commando's.  We can only hope for better days ahead. 

Wizdum's picture


joeblack's picture

Thanks Doc...

Good bumper music too...

canary's picture

With total immunity !!!

Do they wear pijamas when they do it ?

Wizdum's picture

no..not pijamas

the blood of children

pm_newbie's picture


Hey Dr. J.  

Thanks a bunch for stepping up to the plate.  I will take a listen in the next hour or so.  Looking forward to it.

I was listening to CBC this evening (our national broadcaster here in the Great White North) and there was a little sound bite (byte??) that was very negative toward the yellow shiny.  It had a really interesting "spin", the point of the snippet was really that all commodities are taking a pounding right now, but they really put the spotlight on gold.  Interesting I thought.  Hard to say what's in store.  All part of the mystery of this ride we are all on.  

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