Sprott Money Weekly Wrap-up with Andrew Maguire

213
Fri, May 13, 2016 - 11:39am

As most of you know, each week I assist the good folks at Sprott Money with their "Weekly Wrap-up" segment. With Eric unavailable this week, I was able to line up a special guest appearance from our pal, Andrew Maguire. The resulting audio is an absolute must listen for everyone at TFMR and the greater metals community, at large.

Just a few of the topics addressed by Andy in this podcast:

  • The resilience of paper prices, supported by the steady rise of wholesale prices in London
  • The importance of the $1308 level in gold
  • How physical-only exchanges like the SGE and ABX are changing the global gold market landscape
  • The impact the new Shanghai Fixes are having on the spot market
  • And much, much more.

Again, please take the time to listen and re-listen to this audio. The global gold market is far more vast than the Comex-centric wave-counters would have you believe. To understand it, you need wisdom and experience and we should all be grateful to Andy for sharing some of his with us today.

TF

Sprott Money Link: https://www.sprottmoney.com/blog/may-13-2016.html?mw_aref=f4acdd227eeba8...

About the Author

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  213 Comments

May 13, 2016 - 11:46am

Understanding the GLOBAL gold market

To that end, if you haven't yet read this extraordinarily thorough new report from Paul Mylchreest, I suggest you do so ASAP.

https://www.tfmetalsreport.com/blog/7615/guest-post-death-gold-market-pa...

Maestro
May 13, 2016 - 1:43pm

Resiliant!

While many may have a feeling of being "whipsawed" by the pm markets this week, I am encouraged by the resiliancy of the gains.

...oh....and SECOND!!! yeehaww!!!!!

mike97
May 13, 2016 - 1:51pm

Furst

Wow my first first this month. I have been holidaying in the Cape Cod area and have found coin shops reluctant to sell ASE's below $23. I did pick up a few unusual silver rounds for $20 Each.These were bicentennial 1976 1 ounce silver coins from Shreve, Crump and Low. They had a sailing ship on one side and Paul Revere silversmith on the other side. They had a certificate of authentication indicating a limited edition of 5000. Nice coin anybody seen any of these? Some of the other coins had Faneuil Hall on the other side.

luvabean
May 13, 2016 - 1:54pm

the early bird catches the worm<3

neato!<3
*loved...LOCO LONDON!!!*
HA!

Marchas45
May 13, 2016 - 2:13pm

4th

????? Well I'll be a Monkey's Uncle. Keep Stacking

tyberious
May 13, 2016 - 2:30pm

Great stuff!!!

Great stuff!!!

Gramp
May 13, 2016 - 2:45pm

Ha!

Hahaha He said Naked Longs!

Have a good weekend everyone

Mr. Fix
May 13, 2016 - 2:57pm

Well worth reading

Sure, most of us have lost any respect for governmental agencies, but instead of calling the employees stupid, has it ever occur to you that the entire concept of authority figures is evil to the core?

People need to start rethinking everything.

Start here:

Heretical Thoughts And Doing The Unthinkable

Submitted by Tyler Durden on 05/13/2016 - 14:50

According to the “social contract theory,” we all have our roles and responsibilities. As citizens, we have a duty to inform ourselves, pay our taxes, rat out our neighbors, vote, volunteer for military service, get frisked by the TSA... and let ourselves get robbed and bullied by every jackass in a position of power. Our leaders have responsibilities, too. They are supposed to respect the constitution, except when it is inconvenient for them. Our “leaders” – aka the Deep State – can change the terms any time they want. What kind of contract is it where one party can change the deal and the other can’t? And where the other party was never given the opportunity to negotiate it, or even approve it? It’s not a contract at all. It’s just part of the mythology of modern democracy.

J Siefert
May 13, 2016 - 3:59pm
AlienEyes
May 13, 2016 - 5:14pm

More on the Clinton's Cash

More on the Clinton's Cash and where it came from....

https://pjmedia.com/rogerkimball/2016/05/13/clinton-cash-or-its-always-w...

This is another piece from Yahoo's front page. Something is up and it might have more to do with their sudden wealth (about $200 M) than the witch's email debacle.

Key Economic Events Week of 10/21

10/22 10:00 ET Existing home sales
10/24 8:30 ET Durable Goods
10/24 9:45 ET Markit flash PMIs
10/24 10:00 ET New home sales
10/25 10:00 ET Consumer Sentiment

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Key Economic Events Week of 10/21

10/22 10:00 ET Existing home sales
10/24 8:30 ET Durable Goods
10/24 9:45 ET Markit flash PMIs
10/24 10:00 ET New home sales
10/25 10:00 ET Consumer Sentiment

Key Economic Events Week of 10/14

10/15 8:30 ET Empire State Fed MI
10/16 8:30 ET Retail Sales
10/16 10:00 ET Business Inventories
10/17 8:30 ET Housing Starts and Bldg Perms
10/17 8:30 ET Philly Fed MI
10/17 9:15 ET Cap Ute and Ind Prod
10/18 10:00 ET LEIII
10/18 Speeches from Goons Kaplan, George and Chlamydia

Key Economic Events Week of 10/7

10/8 8:30 ET Producer Price Index
10/9 10:00 ET Job Openings
10/9 10:00 ET Wholesale Inventories
10/9 2:00 ET September FOMC minutes
10/10 8:30 ET Consumer Price Index
10/11 10:00 ET Consumer Sentiment

Key Economic Events Week of 9/30

9/30 9:45 ET Chicago PMI
10/1 9:45 ET Markit Manu PMI
10/1 10:00 ET ISM Manu PMI
10/1 10:00 ET Construction Spending
10/2 China Golden Week Begins
10/2 8:15 ET ADP jobs report
10/3 9:45 ET Markit Service PMI
10/3 10:00 ET ISM Service PMI
10/3 10:00 ET Factory Orders
10/4 8:30 ET BLSBS
10/4 8:30 ET US Trade Deficit

Key Economic Events Week of 9/23

9/23 9:45 ET Markit flash PMIs
9/24 10:00 ET Consumer Confidence
9/26 8:30 ET Q2 GDP third guess
9/27 8:30 ET Durable Goods
9/27 8:30 ET Pers Inc and Cons Spend
9/27 8:30 ET Core Inflation

Key Economic Events Week of 9/16

9/17 9:15 ET Cap Ute & Ind Prod
9/18 8:30 ET Housing Starts & Bldg Perm.
9/18 2:00 ET Fedlines
9/18 2:30 ET CGP presser
9/19 8:30 ET Philly Fed
9/19 10:00 ET Existing Home Sales

Key Economic Events Week of 9/9

9/10 10:00 ET Job openings
9/11 8:30 ET PPI
9/11 10:00 ET Wholesale Inv.
9/12 8:30 ET CPI
9/13 8:30 ET Retail Sales
9/13 10:00 ET Consumer Sentiment
9/13 10:00 ET Business Inv.

Key Economic Events Week of 9/3

9/3 9:45 ET Markit Manu PMI
9/3 10:00 ET ISM Manu PMI
9/3 10:00 ET Construction Spending
9/4 8:30 ET Foreign Trade Deficit
9/5 9:45 ET Markit Svc PMI
9/5 10:00 ET ISM Svc PMI
9/5 10:00 ET Factory Orders
9/6 8:30 ET BLSBS

Key Economic Events Week of 8/26

8/26 8:30 ET Durable Goods
8/27 9:00 ET Case-Shiller Home Price Idx
8/27 10:00 ET Consumer Confidence
8/29 8:30 ET Q2 GDP 2nd guess
8/29 8:30 ET Advance Trade in Goods
8/30 8:30 ET Pers. Inc. and Cons. Spend.
8/30 8:30 ET Core Inflation
8/30 9:45 ET Chicago PMI

Key Economic Events Week of 8/19

8/21 10:00 ET Existing home sales
8/21 2:00 ET July FOMC minutes
8/22 9:45 ET Markit Manu and Svc PMIs
8/22 Jackson Holedown begins
8/23 10:00 ET Chief Goon Powell speaks

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