A Silver Roundtable Discussion

Bill Murphy, Rick Rule, David Morgan and some dope with a MacBook.

Wed, Aug 14, 2019 - 3:31pm

Earlier today, it was my distinct pleasure to join Bill Murphy, Rick Rule and David Morgan for a live roundtable and Q&A forum on Philip Kennedy's website. The discussion focused upon the precious metals with a particular emphasis on silver. If you can find the time, you should be sure to watch this replay.

Many thanks to Phil for putting this together and what a thrill to be on a panel with these three, distinguished guests.



About the Author

turd [at] tfmetalsreport [dot] com ()


Aug 15, 2019 - 2:06pm

The miners haven't responded

The miners haven't responded very well and the junior resource names have done even worse. I think the issue is that the investors don't believe this rally is sustainable over the longer term. Also. $17 oz silver isn't good enough, it really needs to reach at least $25 oz to get anything going.

I guess the question for me is, can resource investors get excited about these stocks if the general commodity market is in a hardcore bear market? The odds of gold and silver going even higher and leaving behind oil, copper, lead, zinc, steel and other commodities is very slim on a historical basis.

Aug 15, 2019 - 12:30pm

The responses of Rick's question

Rick's question of why haven't the miners responded this time around. Which was left mostly unanswered and is certainly concerning to me also. In the 2016 runup gold topped out around $1370 and the HUI was up to 280 but silver was well into $21 plus so my feeling is silver needs to participate in a more accelerated rise as it did then.

JP Morgan had a significant stash in Comex vaults at that time also so if JPM didn't want silver to rise they could have sopped it. Don't get me wrong my miner portfolio has increased nicely but after the 2016 mini rally I thought if gold got to $1450 we would see a 330 HUI and silver on it's way to $25. Somewhat frustrated now with gold at $1520.

Aug 15, 2019 - 10:16am
Aug 15, 2019 - 8:23am

Excellent video

Thanks Craig.

Very interesting to hear the comment about only 5 or so silver miners out there worth looking at.

Aug 15, 2019 - 12:34am

gold/silver discussion

Craig, That group talk was one of the best moderated I have watched. Each participant gave straight forward comments that gave invaluable information. Thanks for such a relevant discussion on the importance of holding precious metals.


Fred Hayek
Aug 14, 2019 - 10:08pm

Wonderful discussion

Why can't more interviews be like this with no one monologuing for 15 minutes straight, everyone both polite and insightful?

Aug 14, 2019 - 6:18pm

Round Table Discussion

Thanks Craig.....I really enjoyed that!!

bullion only
Aug 14, 2019 - 6:06pm

front month futures only

This is what drives the spot price so it is my only reference point.

You can always follow along with live quotes here: http://www.investing.com/commodities/real-time-futures

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Aug 14, 2019 - 5:00pm

YTD return on the GDX is 38%

You won't hear me complain.

Aug 14, 2019 - 4:33pm

Invite to Reno NV Goldbug Lunch

Invite to Reno TFMR Goldbug Lunch

AGXIIK, Havenstein and Renozep extend -

An open invitation to all Turdites to join the Reno, NV contingent for lunch on Thursday August 22nd at 11:30AM Pacific Time. Meet us at Pirates Pizza, 180 West Peckham Lane. This is in a shopping mall across S. Virginia St. from the Atlantis Casino.

We usually get 6 to 9 people. It's a very free form discussion of metals, miners, economy, etc. Sometimes deals are done and even some show and tell on occasion. There is nothing like meeting people face to face. (AGXIIK doesn't bite- usually.)

Private message me if you have a question.


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