Sprott Money Weekly Wrap-up with Andrew Maguire

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.


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

About the Author

turd [at] tfmetalsreport [dot] com ()


Sound Money Minnow AIJ
May 15, 2016 - 1:48pm

AIJ not sure about that

I doubt what you just said is true about Heidi Cruz. Just keep the propaganda going though, even if Ted Cruz is out of the race.

Even if what you said was true, do you agree with everything your wife does?????

I was a delegate for Pat Buchanan in the primary against Bob Dole. That should tell you where I stand on NAFTA. We are way beyond that now. Nevertheless, I am not a fool. Populism is great until a trade war develops. Getting our manufacturing base ramped up will be no easy task as the rest of the world trades away from the dollar. We are in way worse shape than when Herbert Hoover was in office. Do you understand your history???? I think not!!!!

Double Bogey
May 15, 2016 - 1:51pm


Once upon a time, in a place overrun with monkeys, a man appeared and announced to the villagers that he would buy monkeys for $10 each.

The villagers, seeing that there were many monkeys around, went out to the forest, and started catching them.

The man bought thousands at $10 and as supply started to diminish, they became harder to catch, so the villagers stopped their effort.

The man then announced that he would now pay $20 for each one. This renewed the efforts of the villagers and they started catching monkeys again. But soon the supply diminished even further and they were ever harder to catch, so people started going back to their farms and forgot about monkey catching.

The man increased his price to $25 each and the supply of monkeys became so sparse that it was an effort to even see a monkey, much less catch one.

The man now announced that he would buy monkeys for $50! However, since he had to go to the city on some business, his assistant would now buy on his behalf.

While the man was away, the assistant told the villagers "Look at all these monkeys in the big cage that the man has bought. I will sell them to you at $35 each and when the man returns from the city, you can sell them to him for $50 each."

The villagers rounded up all their savings and bought all the monkeys.

They never saw the man or his assistant again, and once again there were monkeys everywhere.

Now you have a better understanding of how the stock market works.

James Crighton Sound Money Minnow
May 15, 2016 - 1:55pm

SMM (11:14am post)

Oh c'mon SMM - the man's wife is an exec with Goldman Sachs and he (Cruz) received a large campaign donation from the banksters. And, he received the support of the (ZioCon-controlled) main-stream media. All point to the high probability that Cruz (despite what he mouthed) was a banksters puppet. No doubt whatsoever in my mind - simple logic.


May 15, 2016 - 2:10pm

Since some of you zipper

Since some of you zipper heads want to talk politics... The fact that all of media both liberal bias or conservative slant continues to portray Trump in a negative light means that the powers to be fear Trump, and although he has flaws, his motive initially is not to overtly and covertly fuck the average Joe, and makes him the choice of anyone not interested in taking it up the keister.

AGAU Safety Dan
May 15, 2016 - 2:18pm


Dan I was going by the intro - Paul Sandhu says it Feb 2015????

the auld timers has pinched half my memory so I don't recall that pod cast , but then ol Jim W gets on so many great rants it's tough to keep up? ha ha

s'all good

May 15, 2016 - 2:29pm

SMM / Heidi Cruz

Just google, "Heidi Cruz Nafta" and you will see;


Download the PDF and you will see Heidi Cruz as a working member of, " Building a North American Community"

This is from the Council on Foreign Relations web site. A Quote from the document below;

"The report recommends that the three governments negotiate a
common external tariff on a sector-by-sector basis, but some sectors
will prevent closure, leaving untouched the cumbersome rules of origin.
Paradoxically, but as occurred with NAFTA, a bolder goal is more
likely to succeed than a timid one. We should negotiate a customs
union within five years. That alone will eliminate rules of origin. This
will not be easy, but it will not be harder than NAFTA, and mobilizing
support for a customs union will invigorate the entire North American

I'm sure this project is working on the behest of the average American........

May 15, 2016 - 2:30pm

Trump / CNN

As posted earlier yesterday, While I was working out I happened to ( unfortunately ) see CNN for a few minutes. It was a non stop Trump bashing event. I laughed at how transparent is was, like a high school smear campaign. Now, I don't have a dog in this fight, I think as the DI in "Full Metal Jacket" said, " you are all equally worthless". To me it is like a sad, pathetic show, like watching the band play while the Titanic is sinking when the real issue is, STACK LIKE THERE IS NO TOMORROW!

May 15, 2016 - 2:31pm

gossip drama rumors hype and old worn out talking points. Or..

yeah buddy!!

Many in the Silver and Gold metals community apostatized into the fiat metals community where they were further morphed into the ranks of the system's controlled opposition.

Now it appears they can't even remember the exact details of the original lies that used to provide their group-think comfort.

The conflicts between the system's current and past versions of "market" reality leaves the lapdog believers with no choice but ignore all details and points of fact... and now just blather incoherently about straw-man personal attacks, and gossip.

Speculate about drama surrounding hype and hearsay, ...maybe throw in some old zerohedge buzzwords to make it all sound somehow metals related. or at least fiat metals related, ...or at least market related, ...or at least related to some words that people might associate with some past version of something they used to believe had something to do with what some people referred to as markets.

their fuzzy little heads were led astray under the (false) flag of some noble cause. Leaving physical Silver and Gold to go beat the silver marketeers at their own game, then to fight "manipulation", then to ..., and to ..., and .... Now they aren't sure where they are or how they got there. c0NFus1On galore. They are primed and ready now for the system's grand solution to the imaginary boogie men that are currently running them ragged.


Only Silver and Gold are Money. How simple would it have been to start leaving the system toward physical Silver and Gold and never look back? Ignoring pride, ignoring fear, not getting caught up in media-driven Cult O' Personality competitions.

Stacking, transitioning, more self-discipline, more strength, more self-discipline, more strength, more self-discipline, ultimately fearless, peerless and bullet proof.

May 15, 2016 - 2:37pm


" All work and no play makes Jack a dull boy"

May 15, 2016 - 2:49pm

Turd re : PSLV

I appreciate your thoughts. As posted on their website, there is under 2 mil in cash left in the fund, not enough to make a significant increase in Ag/sh. My assumption was/is that the deal is done and represented on the website. The dilution is small but noticeable.

The idea of the offering is to sell shares under the current NAV and generate new shares and take the total offering (minus administrative costs/fees) and add Ag back into all existing shares, the thought being the spread between price of Ag and the offering price adds add'l silver (while shrinking premium, increasing NAV) back into existing shares as well.

Offerings should not be dilutive to NAV and I guess this is where we disagree on whether they have been or not in this last round. If all the details have not been updated in the available online resources, then I stand to be corrected. Hell I might even be corrected somehow if they have - I did my own math, but I am human. I didn't spend hours and hours going through the data so it could be a simple miscalculation. The dilution is small but annoying since, as premium is now completely gone it extends the duration to regain in price what was lost in premium. Luckily price has gone up, but I would have done better in SLV (by about 7%) - which is sad and very "non encouraging" to have made the right call but wind up being penalized for it.

I certainly don't want to chime in on the Moriarty comments, don't know them in their entirety and I wouldn't be qualified to respond.

As long as Eric isn't frontrunning his managerial decisions, it's all good. Selling to preferred parties that he may or may not have an interest in would be a grey area...I would understand the need to potentially do so at times, but this is where the "mutually beneficial" piece of an offering comes in for existing shareholders.

With new information I'd be happy to refine my thoughts on PSLV and despite what it may sound like, I'm not bitter but minorly disappointed in this latest round. Either way, I put on my big boy pants like the rest of us here, and my decisions are my own and thus the repercussions positive and negative are mine to own as well.

May 15, 2016 - 3:04pm

Topics for Eric Sprott

Why not just ask the Admiral to explain how PSLV works?

And if he is willing to talk about that, it would also be nice to hear his take on what the motives were for attempting that hostile takeover of the Central Fund of Canada...

May 15, 2016 - 3:08pm

Rowdy in here this morning

I like it! Turdites voicing their opinions, and hopefully questioning their own and possibly even learning from each other from time to time.

My views about the primacy of (practical) reason as an absolute foundation for ethics over religious belief systems are probably well known, so I won't belabor them further. What I will do (without taking more brain pills), is to go back to that good old two ladders allegory.

I prefer being on a ladder where people lend a helping hand to those both above and below, to a ladder where those above step on those below and grab onto those above in order to elevate themselves at the expense of others.

It is the rational choice. It need not be a religious imperative.

Stefan Molyneux pointed out recently, there are two simple rational ideas that form the basis of common law governing interactions between human beings: 1) do not be the first to initiate harm (the foundation of criminal law, rectifying that harm is presumably the rationale for having a criminal justice system); and 2) keep your word (the foundation of contract law).

I've got a nice long rant brewing in me toward those (individuals, and nations) that are only concerned with their own self-interest, but I'll save that for another time...

Go Jason Day!! What an awesome golfer that young man is.

May 15, 2016 - 3:10pm

Innocent Until Proven Guilty

Posted May 15th, 2016 at 10:47 AM (CST) by Jim Sinclair & filed under General Editorial.

Dear CIGAs,

In our system, a person is considered innocent until proven guilty.

Here is some information of alleged acts dating back to 2010 to a situation many of you directly experienced and a few even repeated as presented to you in chat rooms and on public websites. My company and I have been hounded by internet trolls directly based on alleged material produced by these alleged acts.



SECURITIES EXCHANGE ACT OF 1934 Release No. 77466 / March 29, 2016
INVESTMENT ADVISERS ACT OF 1940 Release No. 4359 / March 29, 2016
INVESTMENT COMPANY ACT OF 1940 Release No. 32059 / March 29, 2016


In the Matter of CHRISTOPHER M. GIBSON, Respondent.


The Securities and Exchange Commission (“Commission”) deems it appropriate and in the public interest that public administrative and cease-and-desist proceedings be, and hereby are, instituted pursuant to Section 21C of the Securities Exchange Act of 1934 (“Exchange Act”), Sections 203(f) and 203(k) of the Investment Advisers Act of 1940 (“Advisers Act”), and Section 9(b) of the Investment Company Act of 1940 (“Investment Company Act”) against Christopher M. Gibson (“Respondent” or “Gibson”).

By the Commission.

Page #11

Brent J. Fields Secretary


May 15, 2016 - 5:13pm


I wanted to thank you for posting the Clif High tweets. I never knew who he was but because of your posts I have watched Clif on youtube, smart man. I have not written anything down but if my memory is correct he has been somewhat accurate in his calls. Thanks and keep them coming!!

May 15, 2016 - 5:55pm
May 15, 2016 - 7:41pm

Cashonly / You're welcome / will do

Also, a little V.....on Greg Hunter.....

16m16 minutes ago

“V” the “Guerilla Economist” 2016 Next Phase of Economic Evolution via

May 15, 2016 - 9:19pm


Great interview of Dr Janda by Chris Martenson. Thanks.

May 15, 2016 - 9:33pm
May 15, 2016 - 9:38pm

Paul Craig Roberts

Warned The World Financial System Is On Fire And The Price Of Gold May Skyrocket

Video unavailable
May 15, 2016 - 9:50pm

“V” the “Guerilla Economist” 2016 Next Phase of Economic Evoluti

“V” the “Guerilla Economist” 2016 Next Phase of Economic Evolution

“V” the “Guerilla Economist” 2016 Next Phase of Economic Evolution
May 15, 2016 - 10:07pm

Operation Freedom Podcast..... Sunday, May 15


Below is the link to today's Operation Freedom Show. I hope you find it of use.


Sunday, May 15, 2016

Topics Discussed

Technocracy, Economic Hit Man, Money Laundering, Manipulation of financial markets, New World Order Syndicate, Obama Care, Free Market Health Reform,Putin, The Ukraine, ISIS, Syria, The Constitution, Natural resources, Reserve currency, Corruption, gold, silver Global Elite, International Banking Cabal, debt, Federal Reserve, Too Big To Fail Banks, Crony Capitalism, Debt Ceiling, Financial implosion, Recession, Economic Depression, Freedom, Liberty

Download Full Show (MP3) ↓

Segments & Guests

May 16, 2016 - 12:04am

What is gold tracking?

I can tell you what it's not. USDJPY, POSXGold, WTCGold. All 3 are moving up together and that's unusual.

May 16, 2016 - 1:09am


Maybe gold is just trying to keep up with silver. Not sure what silver is tracking. Maybe the miners. Not sure what the miners are tracking. Maybe gold. Lolz.

- H.

J Siefert
May 16, 2016 - 1:15am

Pfingstmontag (Whit Monday)

Today is a public holiday in most of Europe (not sure about the UK these days). Markets may be a bit quieter because of this.

May 16, 2016 - 1:48am

@Pfingstmontag (Whit Monday) Submitted by J Siefert

alas, it is a normal work day in the UK today, we are too pagan, we just had socialist celebratory May Day....

J Siefert
May 16, 2016 - 2:19am

What is Whit Monday?

I once asked people at work here in Switzerland what Pfingstmontag is about. Many did not know either but one guy who was well up on religion explained it like this...

A long time ago god decided to send a sort of salesman down to earth to represent his line. That lasted for a while till the rep. (Jesus) was recalled back to heaven. The important part is that when Jesus went back he left god's ghost behind (the Holy Spirit). Now this ghost is like air, you can't see it, or grab it but like when air moves and becomes a wind you can feel it. A cool explanation I think. But, naturally, this only works if you are a Christian (which I am not ).

May 16, 2016 - 3:13am

Trump issues

As a foreigner (US lingo 'Alien') I have tended to be supportive of Trump till I read this email from a lady member of a Yahoo list I am a member of:

When I read about the ex-Goldman Sachs person (something like Mnuchin) being hired by Trump to head his financial operation, I commented sadly that it was all over for me; I could no longer support Trump.
Being encouraged by others to try to live with it, I've tried. But now comes something so very much worse . . . Sheldon Adelson's offer of $100 million in exchange for Trump's assurance of full support for Israel, and apparently Trump has talked of "taking down Iran' whole terror network."
Why does it have to be this way?
Reading that, I felt so distraught that I considered signing up to Twitter so that I could urge Trump not to accept the money. But signing up seems to mean giving personal information, which I don't want to do, and besides, I don't think Trump would pay attention to me.

Is this true? If yes IMO he has broken faith with his cause.

J Siefert Fatso
May 16, 2016 - 3:30am

@ Fatso re. Fatso's picture Convert 1 to PMs

Fatso said:
"After about 5 years talking about fiat money to any one who would listen(once was told that that was untrue) and why silver is the best investment, 1 and only 1 in my influence has just invested in silver. And that was only after I gave him some physical. I guess sales are not my profession!"

Unfortunately, your efforts may NOT go without results ... but they will be unintended ones.
Now that many people know you have a stash of silver buried in your backyard, when the proverbial hits the fan and their kids are starving they will remember you and some may well decide to call round your place and advise you that it is your duty to help them out.

PS They may well be carrying arms, naturally only for their own security during bad times, of course!

May 16, 2016 - 3:31am

@Trump Issues

No comment

May 16, 2016 - 3:31am


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