Discussing the Shanghai Cooperation Organization

43
Sun, Mar 29, 2015 - 5:07pm

Last week, Alasdair Macleod, Dave Kranzler and I joined Rory Hall of The Daily Coin to discuss the Shanghai Cooperation Organization (SCO) and the new Asian Infrastructure Investment Bank (AIIB).

The original link, which includes more details about this call and the subject matter, can be found here: https://thedailycoin.org/?p=23709#sthash.KwBVzz86.dpbs Rory does great work there and I encourage you to add his site to your list of favorites.

I think you'll enjoy listening to this presentation.

TF

About the Author

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turd [at] tfmetalsreport [dot] com ()

  43 Comments

infometron · Mar 29, 2015 - 5:10pm

Wow!

A Sunday post!! What a bonus!!

silver66 · Mar 29, 2015 - 5:11pm

Just sat down to see what was

Just sat down to see what was new in Turdville and I end up First

Sweet!!

Silver66

infometron · Mar 29, 2015 - 5:12pm

Wow!

A Sunday post!! What a bonus!!

Edit: An iPhone duplicate... Guess that makes me second :-)

gold slut · Mar 29, 2015 - 5:13pm

FIRST

Sorry for shouting, now to read...

Edit: Damn it! That always happens to me, NOT FIRST!

Mr. Fix · Mar 29, 2015 - 5:18pm

Can I take the Fifth?

Thank you for giving us some Sunday afternoon listening material, it is much appreciated.

It's always nice to know that at least some countries are not preparing for the end of the world, and actually have a plan in place to destroy the western banking chokehold on humanity.

It gives me hope.

Gamble · Mar 29, 2015 - 5:20pm

was down town today looking at jewelry .

And was just wondering what as 800.00 gold chain is going to be worth in 2-5 years???

Gamble gambl

Marchas45 · Mar 29, 2015 - 6:00pm

@Siilver66

and you beat me again. Now I know it's gonna be a rough week but what the hell I can handle it. Lol Keep Stacking

Really enjoying this, great topic. Thanks Turd

Dr. P. Metals · Mar 29, 2015 - 6:57pm
StevenBHorse · Mar 29, 2015 - 7:06pm

Thanks dr p

You just won me a side bet. 

Marchas45 · Mar 29, 2015 - 7:08pm

Well Thanks Dr. P

I guess there goes the rest of my Miner Fiat down the drain. Lol I will now definitely just stick to Stacking. laugh

Dr. P. Metals · Mar 29, 2015 - 7:11pm

@Horse

If there was a way I could post and help others, and avoid your nonsense, I would...regardless, it needed to be posted, so I did. Get a life.

cris · Mar 29, 2015 - 7:21pm

Go Duke!

the boys played well. If anyone can beat Kentucky, it will be Duke.

Gamble · Mar 29, 2015 - 7:30pm

At what point does china

Announce it's gold holdings????

would love to hear some guesses on they're tonnage!

gamble gamble 

anyone anyone!!!

8008.88 tons , they will announce when they reach 8888.88!

mel · Mar 29, 2015 - 8:48pm

Lot of ill informed..

Notice the last while a lot of ill informed... hostile?..... comments on this site re precious metals mining stocks..I thought we were one? Don't stackers and folk who wanted to buy precious metals stocks have the same objective? Why are some stackers throwing so much shit at the PM stocks? Are you frustrated coin dealers? Did you lose a few bucks on a PM stock? You obviously don't know what's happening in the mining stock area because if you did you'd be looking at buying about now, not scaring the crap out of people on this site.

Maybe some of this misinformation comes from a recent pod cast by Jim Willie..the Jackasss. very appropriately named!! Well the Jackass knows nothing about precious metals stocks. Perhaps he should check in with "the Voice" and get further instructions..

There are many precious metals mining companies which are on the ropes and will go defunct the next while. I witnessed that many times the past 30 years. Only the best will survive. However, there are also many which currently have $50-100 million or more in their treasury and are very profitable at present metals prices. Many of these have doubled the past few months. Have your gold and silver coins done the same? I hold both coins and stocks.

So why are so many posters here beating up people who are also into the precious metals stocks?

goldcom · Mar 29, 2015 - 9:27pm

ill informed

Good post mel. Yes the miners have been smashed and they are much like silver is to gold only even more volatility. I also agree now is a great time to buy good ones.

Maybe some gold guys otta start talking smack about silver losing so much, just kidding. I bought silver at $42 and don't worry about it much. Nobody knows exactly how things will go down but everyone here agrees prices will increase and that's all the good ones need right now.

Fred Hayek · Mar 29, 2015 - 11:04pm

Very enjoyable and interesting interview

Thanks, Turd. You all did well in having your turns while respecting each other.

infometron · Mar 29, 2015 - 11:35pm

Re: miners

When I look at some of the bargains out there (assuming we are indeed close to the bottom of the bear, if not beyond), it astonishes me how many miners were trading at well over 95% of what they were when the bear started. My heart goes out to those who stuck with them all the way to the bottom. Much worse than gold or silver.

As I've stated before, barring a mad max scenario, if the bull market ever returns to the miners, the leverage is going to be more astonishing to the up side. Mel has seen this before, and if it happens again, there are truly fortunes to be made. The miners are like Rodney Dangerfield right now, though. Hopefully that will change soon.

Video unavailable
SS121 · Mar 29, 2015 - 11:50pm

Mel- no hatin' on miner stock owners

So why are so many posters here beating up people who are also into the precious metals stocks?

The problem with the miners (not the people who own them) is that they are only owned within the stock market casino. And the world's "markets", especially the U.S. "markets" are soon to be toast.

If one truly wants to own a Silver mine... that would be a great play. Especially now while the silver chart still controls physical Silver prices.

There are likely 100s of proven silver mines setting idle at today's prices. Go buy one of those and you would actually be a silver miner owner. Otherwise you are stuck in a catch-22, and that catch-22 is this-

The casino miner stocks are not going to go up until Silver goes up, (first on the chart until it vaporizes and then parabolic in the free market) But when 'silver' goes UP, the Casino in which mining stocks are owned is going to be imploding in on itself.

This isn't an economic cycle, not this time. This is a monetary cycle. Stock market (economic) cycles within the system were survivable because they were contained within the system. As Silver and Gold return to their global Monetary role, the system goes bye-bye.

"Well if it's that bad then it won't even matter" those of the market/economic perspective often say. But that's not the case at all.

There will still be (most) fiat currencies, and Main St. will, if anything, be better off. But the privately owned purely system entities like the oil chart, the silver chart, the gold chart, the "markets"(that aren't even really markets) will be gone. Your "Miners" which are nothing more than digital system database entries, will be gone. ...or bailed in ...or zeroed out ...or inaccessible ...or or or.

This is the nearing reality that i hate to see anybody be a part of. But am not hatin' on anybody currently stuck in this position :-)

Also, i see them holding these positions because they are so much lower than they used to be, in hopes that they come back. But theres that catch-22 again. If they do comeback, they burn up in the casino.

All former prices are completely irrelevant and imo the only numbers that matter regarding a casino miner position are the-

  1. number of days it would take to liquidate the position?? and
  2. how many ounces of physical Silver could be acquired upon exit??

How many days? How many ounces?

We just had David Morgan on the A2A who basically said the exact opposite of all above. He sees current events from a market/econ perspective. Not a monetary perspective.

just some thoughts. I'll examine all this until our fingers fall off and it's in no way personal or negative regarding anybody who is still holding silver miners. But to me the current global monetary situation from charts to currencies to "Chinese Gold" stories to how the whole $h!t show fits together and will end is fairly simple and clear. And it doesn't look good for any of us here to be in a silver mining stock, not from here (my perspective) anyway.

 alternate scenarios? ...want to take shots at my reasoning/analysis? fire away! That's why we're all here, it's nothing personal or negative.

(except for Infometron who i personally hope to antagonize and nag into a physical Silver position!! lol)

James Crighton SS121 · Mar 30, 2015 - 1:37am

@ss121 Miners

" Your "Miners" which are nothing more than digital system database entries, will be gone. ...or bailed in ...or zeroed out ...or inaccessible ...or or or. "

With respect ss121, I disagree. When one buys a good gold and / or silver mining stock - a company with proven reserves and decent management - one is buying into a company that is storing your PM for you (underground). Whilst there may initially be a sympathetic fall in PM stock prices when the market crashes, they will soon rebound to reflect the reality (that they are stores of PM). Whilst I have lost a painful amount of money over the last two years (on paper - havn't sold) I look forward to the coming meteoric rise (in my PM stocks) within the next zero to 24 months.

And, of course, I also have my stack as insurance. (And bitcoin - watch that one when the dollar crashes - and as the bitcoin economy evolves in the next 5 - 10 years).

jc

infometron · Mar 30, 2015 - 1:46am

@SS121

LOL!! You're the best! Keep trying my friend!

flyinkel · Mar 30, 2015 - 5:38am

Dr P

Thanks for your list, have been searching for a while for something similar that doesn't cost an arm and a leg to see.

Dingo · Mar 30, 2015 - 6:55am

Interesting interview

Here's an interview from a couple of blokes who have gone 500 foot down the old rabbit hole. I have been in two minds whether to post it because I'm sure it will probably offend many posters here. However, everybody should be allowed opinions and even Voltaire said he would defend that right to the death. Much of the first half is very much On Topic re economics, gold, Russia and China. Many thoughts on Putin and Russia are truly unique. The other half - many of you are probably not quite ready for - so please switch off if it hurts your ears or discombobulates your neurons. Consider yourselves warned. https://iamthewitness.com/audio/Muhammad.Rafeeq/2015-03-28%20time%2011_2...

Mickey · Mar 30, 2015 - 7:44am

Must be first notice

and got the pullback tp 1183 ish.

Amazing how quickly it gets done overnight, as if we have nat seen it before.

lund175 · Mar 30, 2015 - 8:04am

Mickey

Don't forget all that great news that came out in order to justify the 1oo point plus pre market Dow Futures.

I am not sure what is worse gold down or market up.

Makes me sick just thinking about it.

procog · Mar 30, 2015 - 8:13am

So, Here We Go Again.

Here are a couple of articles that tell us what we already know, only the time-line, again, appears to have been signaled. Once more.

https://www.zerohedge.com/news/2015-03-29/did-fed-just-whisper-fire-crowded-market 

 And, our great leaders (sarc) are as deliberate about going to war as they were in the '50's and '60's. We bought it then, 'till we didn't. Feels the same:

https://www.counterpunch.org/2015/03/27/collapse-a-foregone-conclusion/

Stack, Prep, and keep family and friends out of the military. Again, it feels like 1964 with race and 1965 with war. History repeats. Hang in there.

Marchas45 · Mar 30, 2015 - 8:24am

OK What's Happening

In The UK Surprised no one is talking about Cameron resigning. Keep Stacking

Come on Brits I seen bbc news this morning on the telly and he was heading to see the Queen to turn in his resignation (By the way he has done that before) what's going on? nothing on line over here. This may be big or may not.

Orange · Mar 30, 2015 - 8:39am

Soros

If I recall correctly, didn't Soros fund several groups that started Ukraine's problems?

First create chaos and then buy up assets for pennies.

https://finance.yahoo.com/news/soros-says-ready-invest-1-billion-ukraine...

Mickey · Mar 30, 2015 - 8:51am

Check out factset

I think wolf richter had a post.

S&P earnings 1st q 2015 were estimated to be up 4.2% as of 12/31/14--now est to be down 4.6%, and down another 1.8% 2nd qtr.

meanwhile market is flator 1st qtr.

factset also pointing our corp revenues are down.

in the old days if corp profits swung from positve to contracting the markets woudl have tanked.

THey cannot allow that as the only metrics of success are teh BS jobs report and the stock market valuations.

what we should know is the momentum game for stocks bods and commodities is extraordinarily dangerous when the fundamentals have disconnected for so long.

when this does reverse and even they have to know it will, it is going to be memorable to say the least.

If you can time this than you are a better man than I.

Best is to get set for "where the puck is going to be" as Gretsky said.

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