A2A with Pining For the Fjords and Argentus Maximus

Thu, May 26, 2016 - 11:30am

Two of TFMetalsreport's independent contributors got together today and had a 3/4 hour conversation about markets, the times we live in, questions from many Turdites and a few things more. They recorded their conversation for this week's A2A podcast.

Here it is ...

RNP TFMR Pining Argentus 1

Have fun and enjoy our financial banter!

argentus maximus


The author posts daily commentary on the gold and silver markets in the TFMR forum: The Setup For The Big Trade. More of the author's work (mostly video) can be found here: RhythmNPrice.

About the Author


May 26, 2016 - 12:56pm

Watching AG

Really quite astonishing the way that First Majestic has held in there this past week. Though I've sold about half my position, still very encouraged by the action.

May 26, 2016 - 1:03pm
May 26, 2016 - 1:07pm

Hawkish like a Bold Eagle

Gold will be tested tomorrow...I expect Yellen to prepare markets for the "hike" in June or July......And then over the long weekend, let's see how the PBOC responds.

Yellen needs to talk up the economy to support the S&P.

Fed wants to look credible...They need to tak in unison...Unless their goal is to promote a"freedom of speech."

Island Teal
May 26, 2016 - 1:10pm

Peter Shiff on Fast Money

Yesterday - they didn't really want to hear what he had to say.

The Fed is stuck = Helicopter money on the horizion !!!

May 26, 2016 - 1:22pm

@ AM / P4

Very enjoyable listening to your two way conversation. Although AM's side was a bit hard to grasp at times.

@AM- Do you have any opinion if the Central/Bullion Banks are hedging their short COMEX contracts with buying the mining stocks since January?

May 26, 2016 - 1:24pm

RE: First Magestic / Great Article Craig

Who wouldn't want to own some of these "precious metals banks" where the real money is created. A no brainer.......

Key Economic Events Week of 3/30

3/31 9:45 ET Chicago PMI
4/1 8:15 ET ADP Employment
4/1 9:45 ET Markit manu PMI
4/1 10:00 ET ISM manu PMI
4/2 10:00 ET Factory Orders
4/3 8:30 ET BLSBS
4/3 9:45 ET Market service PMI
4/3 10:00 ET ISM service PMI

gold slut
May 26, 2016 - 1:41pm


Thanks Argentus/Pining, great conversation, a big fat hairy hat-tip to you both. Sadly Argentus's side was a little hard to hear but that can be sorted for next time hopefully!

Worth another (very close) listen at the week end.

May 26, 2016 - 1:45pm


One of the biggest drivers for the physical silver price explosion is the panic of industrial users to get heir hands on the physical silver that is necessary to manufacturer their products. Remember, very little silver is used in most silver applications so the price is "inelastic" meaning industrial users will pay almost ANY price to get physical silver.

Before you ask...Yes, Apple Corp. with their $216B in cash will be (or likely has already) started stocking up on physical silver as every iPhone uses a little necessary silver.

But signs of this "industrial panic to buy" in the mainstream media have been sparse in the past - until now...

Miner Sees Silver Price Surging Ninefold as Global Gadgets Boom


A major Japanese electronics maker approached First Majestic Silver Corp. for the first time last month seeking to lock in future stock, a sign of supply concerns that could boost the metal’s price ninefold, according to the best-performing producer of the metal.

“For an electronics manufacturer to come directly to us -- that tells me something is changing in the market,” said Keith Neumeyer, chief executive officer of First Majestic, the top stock in Canada and among its global peers this year. “I think we’ll see three-digit silver,” he said, predicting the metal could surge to $140 an ounce by as early as 2019.


In the end silver at any price may not be available to industrial users for one very simple reason - the economic law that all goods gravitate towards their "Highest and Best Use." For the past 50 years the "Highest and Best Use" of silver has been in Industrial Applications.

When the un-backed fiat monetary system crashes Silver's "highest and Best Use" will change and it will return to being a monetary instrument along with Gold.

Luckily, Industrial users are resourceful and inventive and will eventually build "work-arounds" to deal with silver's lack of availability and cost barriers of obtaining physical silver.

Until then they will bidding "Limit Up" for physical silver to save their companies!

May the Road you choose be the Right Road

Bix Weir


PS - More info on the coming Silver Price Explosion here:

Here's Why $100,000 Silver is a Conservative Estimate


May 26, 2016 - 1:47pm


I understand Avino (ASM) has entered into a contract with Samsung to provide silver directly to them. This evidently is becoming a common thought among silver users...in essence hedging fiture price and supply.

May 26, 2016 - 1:52pm


call for 1900+...does that mean short it?

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Key Economic Events Week of 3/30

3/31 9:45 ET Chicago PMI
4/1 8:15 ET ADP Employment
4/1 9:45 ET Markit manu PMI
4/1 10:00 ET ISM manu PMI
4/2 10:00 ET Factory Orders
4/3 8:30 ET BLSBS
4/3 9:45 ET Market service PMI
4/3 10:00 ET ISM service PMI

Key Economic Events Week of 3/23

3/24 9:45 ET Markit flash PMIs
3/25 8:30 ET Durable Goods
3/26 8:30 ET Weekly jobless claims
3/27 8:30 ET Personal Inc and Spending

Key Economic Events Week of 3/9

(as if these actually matter)
3/11 8:30 ET CPI
3/12 8:30 ET weekly jobless claims
3/12 8:30 ET PPI
3/13 8:30 ET Import Price Index

Key Economic Events Week of 3/2

3/2 9:45 ET Markit Manu PMI
3/2 10:00 ET ISM Manu PMI
3/2 10:00 ET Construction Spending
3/4 8:15 ET ADP employment
3/4 9:45 ET Markit Service PMI
3/4 10:00 ET ISM Services PMI
3/5 8:30 ET Productivity & Unit Labor Costs
3/5 10:00 ET Factory Orders
3/6 8:30 ET BLSBS
3/6 10:00 ET Wholesale Inventories

Key Economic Events Week of 2/24

2/25 9:00 ET Case-Shiller home prices
2/26 10:00 ET New home sales
2/27 8:30 ET Q4 GDP second guess
2/27 8:30 ET Durable Goods
2/27 11:30 ET Goon Evans speech
2/28 8:30 ET Pers Income and Spending
2/28 8:30 ET Core Inflation
2/28 9:45 ET Chicago PMI

Key Economic Events Week of 2/17

2/18 8:30 ET Empire St Manu Idx
2/19 8:30 ET Producer Price Idx
2/19 8:30 ET Housing Starts & Bldg Perms
2/19 2:00 ET January FOMC minutes
2/20 8:30 ET Philly Fed
2/21 Fed Goons all day at Chicago Conf.
2/21 9:45 ET Markit flash Feb PMIs

Key Economic Events Week of 2/10

2/11 10:00 ET Job Openings
2/11 10:00 ET CGP Hump-Hawk House
2/12 10:00 ET CGP Hump-Hawk Senate
2/13 8:30 ET CPI
2/14 8:30 ET Retail Sales
2/14 9:15 ET Cap Ute & Ind Prod
2/14 10:00 ET Business Inventories

Key Economic Events Week of 2/3

2/4 10:00 ET Factory Orders
2/5 8:15 ET ADP Employment
2/5 9:45 ET Markit Service PMI
2/5 10:00 ET ISM Service PMI
2/6 8:30 ET Productivity & Unit Labor Costs
2/7 8:30 ET BLSBS
2/7 10:00 ET Wholesale Inventories

Key Economic Events Week of 1/27

1/28 8:30 ET Durable Goods
1/28 10:00 ET Consumer Confidence
1/29 10:00 ET Pending Home Sales
1/29 2:00 pm ET FOMC Fedlines
1/29 2:30 pm ET Powell presser
1/30 8:30 ET Q4 GDP first guess
1/31 8:30 ET Pers Inc and Spending
1/31 9:45 ET Chicago PMI
2/2 10:00 pm ET Chiefs win SB LIV

Key Economic Events Week of 1/13

1/14 8:30 ET CPI
1/14 9:00 ET Goon Williams
1/15 8:30 ET PPI and Empire Fed
1/16 8:30 ET Retail Sales and Philly Fed
1/17 8:30 ET Housing Starts
1/17 9:15 Et Cap Ute and Ind Prod

Forum Discussion

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