A Discussion of Gold, Silver and Palladium

Some terrific free audio with Bill Murphy of GATA.

Fri, Mar 1, 2019 - 1:27pm

It's always fun to do these live shows with Phil Kennedy and this segment, recorded Thursday morning, was no exception.

What made this particularly compelling was the opportunity to visit with my old friend, Bill Murphy. He and Chris Powell have been the tip of the spear in the fight against The Banks for over 20 years and they continue to need our support. Please check out GATA here: https://www.gata.org

Over the course of this program, Bill and I discuss topics such as the current beatdown in Comex gold, the potential importance of palladium and why/how The Banks are able to keep such a tight lid on Comex silver.

Please take some time to give this a listen. You'll be glad you did.


About the Author

turd [at] tfmetalsreport [dot] com ()


Mar 1, 2019 - 3:20pm

Speaking of Metals . . .

They're getting hammered like a blacksmith would!

Mar 1, 2019 - 3:21pm



Clarki Stomias
Mar 1, 2019 - 3:32pm

Palladium is calling their bluff

With all the hand wringing on the main thread today, I'd just like to point out that the event we've been looking for as a sound money community for 3 and a half decades is HAPPENING today.

Pull up the precious metals on investors.com right now, Au, Ag, Pt & Pd.

Au >> -1.67%

Ag >> -2.43%

Pt >> -1.67%

And Pd?

Pd >> +0.01%

It's flat. They can't touch it. The banks can't naked short it. They don't dare. There is demand for the real metal now and they don't have it. If they sell naked short, they will be asked to deliver on it.

The wash/rinse/repeat cycle for Palladium is now dead.

It's dead.

Because they can't create synthetic Pd. The real demand for physical has finally, finally asserted itself. It is just a matter of time before this translated to the other metals contracts. And their climb will look just like Pds. Steady, unrelenting, up and to the right.

Newsflash to Turdville: The real world exists.

Just like we always knew it did.

Clarki Stomias
Mar 1, 2019 - 3:49pm

to your point, clarki

Mar 1, 2019 - 4:13pm

Thanks Clarki....Finally a morale boosting comment today

When it comes to gold and silver criminal treatment, I managed to developed some emotional immunity by now....What puzzles me is the bond market lately.....Is it inflation, technical or another manipulation? ...Wish I could understand that.

Mar 1, 2019 - 5:00pm

Futures for Dummies

Is there any presentation from TF that explains the basics of how the manipulated futures markets work? I get lost when TF talks about open interest, shorts, wash and rinse. Who is long and who is short and why?

Mar 1, 2019 - 7:13pm

Basic idea is to sell forward

Basic idea is to sell forward or in the future so you, as producer, could lock in the price. If price should go down, you are good.
Well that was how it was supposed to work...but it does not work like that. Basically it goes like this:
Banks pretend to be the producers (aka commercials) and sell "gold/silver" forward, metal they do NOT have. They just print contracts out of thin air. That, of course, make price stop going up, and over time, it goes down when buyers get exhausted. Today is an good example of that. You see, buyers are limited, but sellers are unlimited, because the sellers are the banks that just create contracts by the magic of the keyboard. Buyers (often) are speculators who do not intend to take delivery of the metal. They are just chasing a dot on the screen.

In short, speculators buy paper metal that they do not intend to take delivery on. Banks provide them paper metal out of thin air. Than when buyers buy all the contracts they intended to buy, banks overwhelm the stack by creating even more shorts, paper metal. Than price goes down, and as price is going down banks get rid of their shorts, while speculators are buying shorts from the banks. This process repeats over, and over again. And that we call wash and rinse cycle. Banks always win. But we all hope that the banks will not win forever.

Mar 1, 2019 - 8:47pm

Winner, Winner...Chicken Dinner!


And just so no one gets the wrong idea....I own more Gold and Silver than PGM's....so I am as pissed off as all of you...but I have to state the facts and Silver got crushed...It is my biggest stack by far.

Mar 1, 2019 - 8:57pm


Earlier I thought it might bounce off that brown line I drew...Not sure now...Extremely frustrated...The stale CoTs keep getting bigger and it is almost time to pay attention.

Posted a video of "Break Stuff" by Limp Bizkit for Mavens earlier....that is about how I feel...

And I wonder why Craig didn't post a Friday wrap up...Perhaps he didn't want to "Break Stuff" in his studio!

Mar 1, 2019 - 9:12pm

My opinion...Not advice....Of owning Palladium...

If you can buy an oz of gold and not sweat it at all...

If you have an LCS that will buy Pd (research it and see their spreads) or you are comfortable mailing in to the online retailers such as JM Bullion...

Then why not buy an oz of Pd? I will tell you it is hard to target a dip though...hahaha

Provident has 62ozs of Pd Maples at the best price....I would pitch JM Bullion but I gotta help the locals out....Provident had 114 last Saturday....a little over 100 Wednesday...now they have 62 left.

If you sweat it out buying an oz of Gold then stay clear of buying Pd....

My 2 cents not advice.

I started this Pitchfork way back when I was dipping my toes into Pd November 2017...I cleaned it up (took out all my other squiglies) for show and tell on another site

Mar 1, 2019 - 9:29pm

Shoot I sweat it when I buy an oz of gold...

I don't like to lose... So let me give an analogy instead... When you go to Vegas you only play with what you can afford...right? Same thing here. It is all about risks vs rewards. It is up to you to weigh the risk vs reward here.

Mar 1, 2019 - 9:34pm

Rh rises again...

Rh 3rd day in a row rise....Used with Pd in many applications....

Mar 1, 2019 - 10:07pm
Mar 2, 2019 - 12:44am
hindsight101 scoremore
Mar 2, 2019 - 1:50am


good charts....again, those who don't sell with the commercials are doomed to repeat the same rinse and repeat routine of before...and before...

Mar 2, 2019 - 12:49pm

Open interest

Does anyone out there know about the CFTC report from yesterday? Is it bad. We need to know before Monday? If we don't recover on Monday it could get really ugly for Gold and Silver.

Mar 2, 2019 - 8:04pm

Great Show!

Bill Murphy is such an American hero!
Smart, humble and absolutely right! I wish him joy and honorable recognition. Your discussion was so easy going, accessible, and on the spot! This is the type of content that will get the attention and be of great service to the next wave of folks "waking up". Positioning PD as the opening act of the big show to come is VERY compelling. Makes the $1300 gold is cheap argument even stronger.

March 30th is coming. Basel III's respositioning of GOLD as a tier one asset goes into effect and Brexit takes place (or not). Big month! Big year!

Mar 2, 2019 - 9:23pm

JPM and silver

If Turd's analysis of JPM's use of its silver hoard to control the price of silver is correct -- and it sure seems logical -- there is essentially no hope at all for even a slightly more than modest price rise, barring some sort of unnamed calamity of the worst kind.

Mar 3, 2019 - 8:22pm

Serengeti Resources SIR-V

Great news again coming tomorrow

Last time they released great news they lost 60% of value

Hopefully this time will be different REGs have been alerted in advance

Ricks Cafe has nouthin on this rigged casino of of TSX Venture Exchange


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